Oireachtas Joint and Select Committees

Thursday, 26 April 2018

Public Accounts Committee

Business of Committee

9:00 am

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

The document we got just contained a list of reasons why, under FOI, the original request was refused. That was sent to us but I am sure it was put up on the website ages ago. We will write back and put the organisation on notice that when we receive this information, we may decide to invite representatives in at that stage. Is that agreed? Agreed.

The next item is No. 1233B, correspondence from Professor Patrick O'Shea, President of University College Cork, dated 17 April. At our meeting on 29 March 2018, we agreed to request further information on the university’s 2016 financial statements. Information is provided on the Cork University Foundation and on procurement. It is good that the university has agreed to provide information on the foundation and to supply copies of its financial statements. However, when one looks at the document that was submitted, one sees that is a copy of Cork University Foundation's "abridged" financial statements. We have only partial financial statements here and have not received the full financial statements. I have looked at the documents supplied. A balance sheet is attached but it contains no details of any income or expenditure whatsoever. I note that at the end of the year, the foundation had cash in hand of €3.588 million. We will thank the university for the information received because it is a big step in the right direction to get the foundation accounts. However, we want to see the complete rather than the abridged version of the statements.

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