Results 18,981-19,000 of 26,430 for speaker:David Cullinane
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: What is the reason for it?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: There are many challenges in higher education institutes. As representatives of all of them will be here in the next few weeks, I am sure they will all tell us that they have problems with funding and that they need more money. Given this, how can we accumulate a surplus? My understanding is the surplus is €232 million.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Why would it be allowed to build to that amount when there are funding pressures in institutions?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: I will move to funding for third and fourth-level institutions and will start with institutes of technology, specifically the ones with which I am most familiar, namely, Waterford Institute of Technology, WIT, and Institute of Technology Carlow. In 2008, the core grant for WIT was €40,134,565. In 2016, the core grant was €26,000,460, which is a very substantial cut in core...
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: I can correct Mr. Ó Foghlú on that. The student fees in 2008 for WIT amounted to €10.203 million. The fees in 2016 amounted to €6 million. The total funding in 2016 for WIT was €32 million. In 2008, it was €50 million. What Mr. Ó Foghlú just said certainly did not happen in Waterford or Carlow institutes of technology.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Several parliamentary questions have been tabled in respect of this matter. Does Mr. Ó Foghlú know the percentage of pay as opposed to core funding in institutes generally? I can give him the figure for Waterford. It is 87%. Does it not trouble him, as Secretary General, that such a high level of the core funding goes towards pay, even though the institutions in question are...
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Third-level institutes also run deficits. A number of institutes of technology, of which Waterford IT is one, are doing so.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: On that, could Mr. Ó Foghlú provide a rundown of what the funding streams are for institutes of technology? We know there is a core grant and we know there are fees. Those two are the big ones. What other forms of income do institutes of technology have at their disposal?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Research funding is one. What else is there?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: What else? Are there other income streams?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Are other one-off funding streams available to institutes of technology?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Of all the examples Mr. Ó Foghlú has given, one he left out is revenue from intellectual property and spin-out companies. Is that not a revenue stream?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Could Mr. Ó Foghlú talk me through how that works in policy terms?
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: How is an institute of technology protected in terms of intellectual property? I note that there is a national protocol. I ask Mr. Ó Foghlú to talk me through that first.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Then there is co-location of private companies in institutes of technology, is there not? There are private companies in respect of which there is an element of vulture fund funding, there are, perhaps, researchers or staff in institutes who are part of those companies and then there are spin-out companies.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: The aspects to which I have just referred are there, though. I am not saying they could be there. They are there.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: There could then be spin-out companies in respect of which there would be a combination of funding from vulture funds and they would perhaps have an equity in the company. There could be researchers or academics in institutes who would also be directors and shareholders and then there would be the institute itself, which would be a shareholder. What level of protections is in place to make...
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: Yes.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: That is a matter of opinion.
- Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills (23 Mar 2017) David Cullinane: How are the institutes protected?