Results 361-380 of 1,066,932 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Violet-Anne Wynne OR speaker:Josepha Madigan OR speaker:Richard Boyd Barrett OR speaker:Marian Harkin OR speaker:Seán Haughey OR speaker:Brian Stanley OR speaker:Brian Leddin OR speaker:Michael McGrath)

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: How long is left on her contract?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: We have a professor earning €175,000 for a job that does not exist. We have a site in the middle of Limerick which was bought for €5 million over its valuation. It is not in use and there is no plan or finance for it, so it sits there like a white elephant. In Rhebogue, 3 km from the university, we have 20 houses that were bought for well in excess of double the market value...

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: How long has been in that position?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Why was the record-keeping deficient?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: That is one of the issues, is it not? This is the type of stuff that has led us to where we are now. It seems we will just forget about the public spending code and that it does not matter. It was decided to work out how many beds you can get into a house and price on that basis. If we can put four students in a house, that works out at more than €130,000 each. It was decided to...

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Did Mr. Kelly become aware of it?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Was that a red flag for Mr. Kelly?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Was the price a red flag?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: On the briefing that went to the governing authority, as anybody who has ever sat on a board will know, decisions are as good as the information presented to the board. In this case, the board is the governing authority. It is the supreme authority. It is chaired by Professor Laffan at the university. The decisions that are made by a board are only as good as the information provided to...

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Was that not enough for Mr. Kelly to say, "Hold on a second; this is deficient?"

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: What was in the briefing that went to the governing authority was a load of cock and bull, was it not?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: It does not matter if God Almighty was in favour of it. Did the price and everything else not jump off the page at Mr. Kelly? He is an experienced company secretary. Is he telling me that he did not see deficiencies in this document before it went to the governing authority?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: That officer has now been suspended.

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Sometimes, the higher up you go, the less common sense you get. Mr. Kelly knows that, does he not?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: What comes from the top is not always the best.

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: I read that part of the report carefully. I have got that. I had a couple of other questions regarding Rhebogue. Was Mr. Kelly aware that a valuation report had not been presented to a subcommittee of the authority before the purchase was approved?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Yes.

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: What are the implications for the university with regard to future funding? There is a section 64 investigation here. What are the implications?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: Was Mr. Kelly at the meeting of the Committee of Public Accounts in May 2023? Did he attend that meeting?

Public Accounts Committee: Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City (3 Oct 2024)

Brian Stanley: He would have heard assurance being given that a new property acquisition policy had been put in place. Surely, the Rhebogue transaction did not follow that policy. As corporate secretary, did he not ask questions as to why that policy was not being followed?