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
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?