Results 11,601-11,620 of 21,431 for speaker:Alan Kelly
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: If no public funds were used, then who will pay back the debt?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Who funds UCC?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Who funds UCC?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Who is UCC's main funding source?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Yes.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Who is going to pay back the loan?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Who is going to pay back the loan? UCC is going to pay it back.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Can the president of UCC tell me who will pay back the loan?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: What percentage of UCC's funding is provided by the taxpayer?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: My questions are for the president of UCC. Is it 47%?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Approximately half of the university's funding is from the taxpayer. The loan will be paid back by UCC so the taxpayer will have to fund 47% -let us say 50% -of that.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Why?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Ultimately, this all goes into the pot. Let us look at a pie chart on how the college is funded. The witnesses have said that 47% of it is funded by the taxpayer. Is that right? The totality of the college.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Let us not split hairs and get down to Bauhaus basic financial management. UCC will pay back a loan over 20 years for this and 47% of the funding that goes into UCC comes from the taxpayer. Proportionality shows that 47% of this loan will be paid by the taxpayer.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: But it all goes into the one pot. Can the witnesses not follow what I have said?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Fine. Ultimately, what I am driving at here is the statement made by the president of UCC at the beginning that no public funds were used in this matter. Let us consider the pot of money that this college has with 47%, including IMI as part of the family. Ultimately, the taxpayer will end up funding 47% of the loan.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: I might ask questions to the HEA. Why is the HEA board left without so many board members over the last six months? It is absolutely incredible. How can the audit committee of the board operate when there are so few members ? Was the HEA not concerned, and did it not challenge the Minister as regards this?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Why were those positions not filled?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: Can the witness's colleague answer the question?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Alan Kelly: That is not my understanding.