Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Mr. Bobby O'Connor:

The fundamental basis of the KPMG report was that the governing authority realised that no formal valuation was done. That was the fundamental rationale for doing that. Our financial controller, Ms Fogarty, explained the current value of the site. The answer to whether we are considering the value is, yes, we are. In the context of us wanting to have that building, having the building and working with it, the university is satisfied.