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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: Are there fund-raisers out there saying "Give us a few quid"?

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: How is the foundation different?

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 Professor O'Shea on that board?

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: Where does that money come from?

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: If there was a capital project which the university was funding from a number of sources and it was €2 million short, can the college apply to the foundation for €2 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: Are donors that prescriptive?

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: Can anyone just give money and say it is for the university?

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 for a particular faculty or use.

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: On the issue of pensions, I note the pension asset value is €318 million or thereabouts. I do not have the figures in front of me. Is that managed externally?

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: That €318 million has gone into the Exchequer. Are there other-----

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: So that I am clear, was all of that transferred to the Exchequer?

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: An issue arises if somebody is transferred in and their pension does not come with them and the State says it will not pick up the tab.

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 university keeping money aside to meet the difference if that arises?

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 not really the university's asset; it is the State's asset now. The State is saying it is not covering it.

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 are discussions ongoing and "good progress" was referred to. Will Mr. Collins define good progress for the committee?

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 there a timetable for the completion of these discussions?

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: That is more of a report-----

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: That is more a report on when the next meeting is. Is there a deadline?

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 might be worthwhile for Mr. Collins to suggest one to focus minds. How is this affecting the university's litigation against the State?

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 litigation dormant, for want of a better expression, while the negotiations are ongoing?

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