Oireachtas Joint and Select Committees
Thursday, 26 January 2017
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
They would be philanthropic contributions which would obviously be restricted. They are normally given for a particular capital development. In respect of looking at the balance sheet of the university without understanding that these other funds are also available, these funds are a reserve that is available for capital developments.