Oireachtas Joint and Select Committees

Thursday, 22 June 2017

Public Accounts Committee

Dublin Institute of Technology and Cork Institute of Technology: Financial Statements

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

The email stated that DIT had always maintained a balanced budget and is required to do so. The collapse of Swets UK, it continued, was unavoidable but the loss was very significant. In the short term, it continued, the loss was absorbed by DIT's financial reserves and savings were made through postponement of some senior appointments and some areas of capital expenditure. It added that steps were taken to ensure that services to students were not affected. A couple of weeks later, we saw the Mountjoy Square library closing or, as Professor Norton described it, transferring miles away. He will understand, therefore, that people took a wry view of that. The email issued on Friday and at a meeting of the governing body on the following Tuesday, Professor Norton, according to media reports, was essentially told to send the Ernst & Young report to this committee, which he did the following day.

Comments

No comments

Log in or join to post a public comment.