Results 5,981-6,000 of 32,845 for speaker:Catherine Connolly

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: UCC got a loan and Mr. Collins said no taxpayer's money was used. It is disingenuous to say that. I will take back the word "disingenuous" because that is upsetting Mr. Collins. I will stick to the facts. The university got a loan from Ulster Bank but it got that on the basis that it is a public body. It is a recognised university that is 50% funded by the taxpayer. In the past, the...

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Mr. Collins will give us that in the business case

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: At the previous hearing, the figure of €20 million was mentioned. The additional amount in excess of €1 million for furnishing was never mentioned. It did not surface anywhere.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Mr. Collins did not mention the €1 million-odd. I want to know-----

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: When did UCC hand over that money? I understand this is in the IMI accounts.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: When was it handed over?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Conveniently, what the IMI owes is roughly the €20 million plus the €1 million-odd that UCC has lodged to that account. Am I wrong again? God, I am not doing well here, am I?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I hear Mr. McSweeney telling me that, but conveniently, is that not the amount of money for the refurbishment sitting in that account as well?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: What has been given so far?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: However, no work has been done, and that €1.8 million has been-----

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Why did UCC not hold onto that money until the works were ready to be carried out and the tendering process completed? Why did UCC transfer that money into the IMI account?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Then UCC should have just given the money for the small works. Why did it give hundreds of thousands of euro upfront?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Honestly-----

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: This hand buys, this hand gives. There are transfers back and forth. Honestly, why would UCC give €1 million-odd except for the fact that UCC and IMI are one and the same?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Why was the money not left sitting in the UCC account? No work has been done except minor works. Why was it necessary to put the money into the IMI?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I have no problem with the commitment; I am asking why UCC making a payment upfront before any work is done.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Why?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Why?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: That does not make sense but I will leave it. Is my time nearly up?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I understand UCC is the main actor in this wonderful Irish Maritime and Energy Resource Cluster. I know other stakeholders are involved, but UCC is the main administrator of it. I have a very specific question about this. If the witnesses cannot answer me, that is okay; I just ask that they come back to me. An external review was carried out, I understand, in May 2016. Are the witnesses...