Oireachtas Joint and Select Committees

Thursday, 30 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014

9:00 am

Mr. Diarmuid Collins:

The income we get for the trust fund is always prescribed by the donor, so the income we get is already agreed by the donor's intentions. The university has no discretion on how that money would be spent. It goes for funding for the students. Regarding money from the foundation, if we are successful in securing donor funding, in many cases, it is for a specific project for which the foundation is seeking funding. It may be to support a capital project or it may be to support students.