Results 8,441-8,460 of 14,090 for speaker:Marc MacSharry
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: The trust is €12.5 million. Is the foundation not €5.5 million?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Yes. For clarity, what is the trust used for?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: I saw that.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: There is €233,000 in a given year for medals and scholarships.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: What is the rest of it used for?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Is the capital sum untouchable?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Is that a rule of the trust?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: It is that a prescribed role of a donor? If I want to leave the college a sum, do I say it is only allowed to use the interest?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Is that what is happening given that the college is keeping the capital amount?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Does the college only get a proportion of the return per annum?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: As such, €233,000 was the return on €12 million.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Is it all in one asset?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: The accumulated return on a €12 million investment for the year was that.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: What was the total? Did Mr. Collins say €1.5 million?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: What happens to the rest?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: In real terms, the college has €12 million invested in respect of which it gets the benefit of 1.9% per annum.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: Was it the donor who prescribed that or is it the trust?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: It just seems unusual that, theoretically, the college has €12 million at its disposal and it is getting a fraction of the benefit which has accrued on that. I know we are not here to look at the trust, but with a 1.9% return on €12 million, it could be a lot better invested.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: It is still very poor on that amount of money. I know I am probably digressing, but the college should look at who is managing its fund.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014 (30 Mar 2017) Marc MacSharry: The college should talk to the trust to see how it can gain better benefits from a €12 million value that is accruing as 1.9% in terms of usable money on an annual basis. It does not seem to me to be a good use. In the best interests of those great donors who made the money available, they could not have ascribed such a minimal benefit to the college if they genuinely wanted to help...