Results 2,361-2,380 of 4,350 for speaker:Bobby Aylward
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: How was this deal advantageous to UCC? I should have asked the two questions together. How was it advantageous in terms of property value in circumstances in which it was contractually obliged to use the full value of the campus plus the additional costs to release the charges in favour of the bank and the pension trustees? Those two questions should have been asked together in the beginning.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: I cannot let the witness go on too long. I have a lot of questions to ask. Long-winded answers-----
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: I have only ten minutes. I will be-----
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: The PAC was told the last day that UCC paid exactly €20 million for the IMI. The IMI needed €21.8 million. Therefore, there was a difference of €1.8 million. I have a breakdown here. There is €8.1 million to AIB, €13.3 million to set its contractual commitment to defined benefit of pensions, and €400,000 to pay the pension trustees. What specific...
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: I am coming to this question now.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Will there be a cost to the taxpayer? Like the witness said, the money was borrowed to pay off the debt. UCC told the HEA that it was self-financing. This meant that it did not have to go through the approval process set out in the borrowing framework. How much of these lease payments will the IMI pay to UCC each year? On what basis were these lease payments calculated? Are they on...
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: What guarantee does UCC have of that?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: For the last ten years, the figures did not lie. The figures are there for the last ten years for the IMI. There was the €10 million. Those figures do not lie.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Could I ask how there is no risk for the taxpayer in general when we are looking at a pension debt of €21.8 million, plus transfers, from the balance sheet of a private limited company to the balance sheet of a university?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Has UCC taken over that debt?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Does it cover all costs?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Can I ask the representatives from the Higher Education Authority, HEA, if they are happy with this arrangement?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Is the HEA happy that everything is above board?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Will the Chairman let me know how much time I have left?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Nice words.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: I have no problem with the sabbatical. I am talking about the payment to send the two people abroad. I am sorry that I do not have the figures. I had them in front of me at the last meeting but not today. I was more than surprised when I saw the costs of this. Would it be normal practice and would it be good governance by the university to send people abroad in this way? Experience and...
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Is the provision available to every professor and teacher in the university to take a sabbatical and that the university will cover their costs for 12 months, for whatever course they want to go on and their costs be covered by the university? Is it open to everyone in the university?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Does Professor Fitzgerald believe this to be good governance?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Does the university have to get personnel in to replace these people while they are gone?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Bobby Aylward: Does the university have to get personnel in to replace these people while they are gone on the 12-month sabbatical?