Third Level Institutions – Deficits

Posted in Governance and administration on July 16th, 2020 by steve

IrelandDavid Cullinane (Waterford, Sinn Fein): To ask the Minister for Education and Skills the number of institutes of technology or technological universities currently running a deficit in tabular form; the plans in place by each institute to address the deficit; and if she will make a statement on the matter …” (more)

[Dáil written answers, 14 July]

Tags: , , , , , , , ,

Institutes of Technology – Galway-Mayo Institute of Technology

Posted in Governance and administration on July 7th, 2016 by steve

IrelandLisa Chambers (Mayo, Fianna Fail): To ask the Minister for Education and Skills his short-term and medium-term plans for the Galway-Mayo Institute of Technology, given the latest figures confirming that it carried a budget deficit of €2.46 million during the 2014-15 financial year; and if he will make a statement on the matter …” (more)

[Dáil written answers, 6 July]

Tags: , , , ,

Institutes of Technology – Deficits

Posted in Governance and administration on May 28th, 2016 by steve

IrelandDavid Cullinane (Waterford, Sinn Fein): To ask the Minister for Education and Skills to provide the details of the draft financial statements for all institutes of technology for the 2014-2015 and for the 2015-2016 academic years, including the amount of the deficit any are showing in tabular form; and if he will make a statement on the matter …” (more)

[Dáil written answers, 26 May]

Tags: , , ,

Institutes of Technology – Deficits

Posted in Governance and administration on May 26th, 2016 by steve

IrelandDavid Cullinane (Waterford, Sinn Fein): To ask the Minister for Education and Skills the number of institutes of technology which are running a deficit in tabular form …” (more)

[Dáil written answers, 24 May]

Tags: , , ,

WIT’s ‘Unhappy’ Deficit Position Can Be Rectified

Posted in Governance and administration on April 5th, 2016 by steve

Ireland“Earlier this year, WIT was identified as one of several third-level institutions across the country that had been left in a financially vulnerable position following years of cuts in State funding coupled with rising student numbers …” (more)

[Michelle Clancy, Munster Express, 5 April]

Tags: , , , ,

College deficit now stands at €4bn, talk of fees being introduced

Posted in Governance and administration on April 28th, 2010 by steve

“The Higher Education Authority has said in a report that the deficit for Ireland’s colleges now stands at a huge €4bn, the sum of money needed to cope with the anticipated rise by 30% in the number of students enrolling in colleges in the next 10 years …” (more)

[Cork Student News, 28 April]

Tags: ,

UCC finances on road to recovery

Posted in Governance and administration on July 16th, 2009 by steve

Ireland“The country’s second-largest university has started on the road to recovery from a budget deficit which has climbed to €13m in the past few years. University College Cork (UCC) has balanced its books for the 2007/2008 academic year according to recently-finalised accounts. The college’s president Dr Michael Murphy said there might even be a small surplus, which would be the first such good news for UCC since 2002. ‘There is still an outstanding current budget deficit of €13 million but we’re on track to eliminate it by 2011,’ he said …” (more)

[Niall Murray, Irish Examiner, 16 July]

Tags: , ,

Universities under increased scrutiny

Posted in Governance and administration on April 18th, 2009 by steve

Ireland“The government has called for reduced spending in universities and criticised those third level institutions that are in debt. In recent weeks, the Higher Education Authority (HEA) has imposed a recruitment ban on third level institutions and indicated that colleges which fail to comply will be likely to suffer a loss in funding. Both UCC and UCD have amassed deficits totalling millions of euro and have been told that losses of this scale will no longer be tolerated. UCD has a cumulative deficit of €20 million, while the loss at UCC is over €15 million. In a letter to the heads of universities on April 1, the HEA said: ‘There should be no filling of vacancies by recruitment, promotion or the payment of an allowance for the performance of duties at a higher level’ …” (more)

[Joey Kavanagh, The College View, 18 April]

Tags: , , , , ,

Looking into the abyss …

Posted in Fees, access and admissions on January 22nd, 2009 by steve

“It would be hard to exaggerate the potential catastrophe now facing the university sector in Ireland. Last week the Irish Independent reported that one university had a ’shortfall’ – presumably a deficit – of €16m in its current spending. In the case of another university, it is claimed (unconfirmed by the university) that it has issued a redundancy notice to a member of the academic staff. When the university heads recently were questioned by the Oireachtas (Irish Parliament) Joint Committee on Education and Science, most indicated that in the current year they would be recording a deficit, in some cases a substantial one …” (more)

[Ferdinand von Prondzynski, University Blog, 21 January]

Tags: , , ,