Oireachtas Joint and Select Committees
Thursday, 3 October 2024
Public Accounts Committee
Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City
9:30 am
Mr. John Kelly:
It was noted in the presentation that there was a rental agreement but, when the contract was drawn up, there was, in fact, no rental agreement. There was a capitalisation of the moneys reported as rent. That is the reason there was an extra €1 million on the contract as opposed to the €10.9 million that was put forward.
No comments