Results 21,681-21,700 of 34,729 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: What is the consensus?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: It may not be possible to fully complete the proceedings today.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: We will finish discussion of our correspondence and then we will take half an hour or so if members believe that would be adequate to examine the statements.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: I do want the meeting to proceed for the majority of the day.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: We will make the point at the beginning. We will put them on notice that due to the short notice if we do not get finished today it is not our responsibility. We will move on then. We will commence the main business shortly. The first item of correspondence is 189B (i) to (iv), from Niamh O'Donoghue, Secretary General of the Department of Social Protection, providing follow-up...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: I thank Deputy McDonald. I appreciate that.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Deputy Connolly's point is noted. That is a complication for our committee and another exact example of that situation is the PIMCO letter. PIMCO did not attend before the committee in public. NAMA contradicted it in person but all we have from PIMCO is its written statement on the matter. As has been said, we do not have the opportunity to test its evidence in public. We did invite...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Yes, and it adds to our issues as a committee. The next item is 195B, follow-up information received from NAMA in response to a number of questions. That is the issue that has given rise to the recent discussion. This is a 54 page document that has arrived within a half an hour of the commencement of the meeting. We will not discuss it now. On an ongoing basis we have been sending...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: I am. We will do that today. We will also check whether there is provision in our Standing Orders to facilitate the receipt of confidential information by the committee. That is a point we will come back to. The next item of correspondence is in category C, item 181C. It is correspondence from the North Meath Communities Development Association in relation to an ongoing issue with the...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: The next item is Letterkenny Institute of Technology with a clear audit report and, again, highlighting a deficit in the past five years. The next item is Galway-Mayo Institute of Technology, a clear audit report and, again, a reference to an accumulated deficit. The next item is the Royal Irish Academy, a clear audit report but the deferred pension funding asset recognition issue has...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Next item, the University of Limerick, a clear report. Again, it states the foundation has net assets of €15.1 million, the financial statements have not been consolidated with those of the university group. There is a deferred pension asset issue and the university procured a material level of goods and services during the year without competitive tendering. Is there an issue...
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Does the Comptroller and Auditor General audit the foundation?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Who does?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: University of Limerick on the one hand is within the remit of this committee and the Comptroller and Auditor General audits its accounts as a public body. There is a foundation operating separately on behalf of the University of Limerick but its accounts are not included in the Comptroller and Auditor General's audit.
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Is that good or bad?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Is it independent of the college?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Could a college or a university be struggling financially while the foundation could have substantial assets?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Third level funding is important. Are there any senior executives of the universities on these foundations?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Is it permitted for staff of a university to be involved in its foundation?
- Public Accounts Committee: Business of Committee (24 Nov 2016)
Seán Fleming: Deputy Catherine Connolly heard my line of questioning.