Oireachtas Joint and Select Committees
Thursday, 22 January 2015
Public Accounts Committee
Financial Statements of the Higher Education Authority 2013
General Report No. 85 of the Comptroller and Auditor General: Accountability and Governance on the National College of Art and Design
10:00 am
John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source
We are looking at the retrospective accounts of the HEA and the National College of Art and Design.
Having visited the National College of Art and Design, NCAD, I wish to put on record its extraordinary achievement. Professor McGonagle stated that 82% of NCAD's budget was spent on wages. That is €16.4 million. Is that amount clearly audited? If so, €3.6 million would be open to due diligence checks every year. Over five years, that amounts to less than €20 million.
It is important to highlight the reputation of this fine facility. There is a financial issue with the management of €3.6 million per year, but let us put that in perspective. The remaining €16.4 million is spent on contractual arrangements. Is that correct?
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