Results 1-9 of 9 for 2021 segment:8917431

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Mr. Seamus McCarthy: The total income of the University of Limerick group for the accounting year 2021-2022 was just over €352 million. A total of €117 million of this comprised recurrent State grants and pension funding. Academic fees amounted to €124.4 million, with 30% of this received directly from the Higher Education Authority. Research income recognised in the...

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

...and procedures, shortcomings in information presented to decision-making committees, inappropriate valuations, contractual changes made without approval and issues with planning permission. In late 2021, a representative of a developer approached the chief corporate officer with a proposal that purported to help address the accommodation crisis. Rhebogue, which had planning permission...

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Mr. Seamus McCarthy: At the time the audit was carried out of the 2021-22 financial statements, we looked at the capital commitments. UL provided a schedule. The figures made sense, but we were not aware of the contract that had been signed for Rhebogue or the terms of that contract. It was not included on the schedule, but it should have been.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Dr. Alan Wall: I agree with the Deputy. If he gives me time, I will outline why we are where we are. After the 2021 PAC an issue about Dunnes came up which we did not know about. After that we spent a long period engaged with the university on its rules and regulations. There was the KPMG report that we were worried about. It was hard to get parts of the KPMG report.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Professor Shane Kilcommins: From 2021 to 2022-----

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Cormac Devlin: What about prior to 2022? Let us forget 2020, 2021 and 2022. Prior to that in 2015, five years earlier, did the HEA not act quicker?

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Professor Shane Kilcommins: The post changed in October 2021. He was previously the director of human resources He was then appointed to this chief corporate officer role. That included human resources, but also corporate strategy and corporate governance. In addition, in the January he took over building and estates and the-----

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Professor Shane Kilcommins: That position was created in October 2021. Sorry, it was 2020.

Public Accounts Committee: Financial Statements 2022: University of Limerick (9 May 2024)

Dr. Alan Wall: Before that, there was a year of action between us and the university on the KPMG recommendations. If the Chair remembers the summer of 2021, there was a lot of heat and light around KPMG; the committee could not see them and we could not see them. We engaged with the chancellor, the president and the chief commercial officer, as I think he was, or chief corporate officer,...