Overspending of more than €8 million raises question about internal controls
The total burden therefore exceeds €8 million, a huge sum that points to feeble financial oversight. But the reputational damage is greater still. Senior academics want UL president Prof Kerstin Mey to step aside and State supervisors are questioning whether the university can be trusted to manage its affairs.
The HEA Act of 2022 empowers the authority to impose “remedial or other measures” on a university where the HEA chief executive considers there are “serious deficiencies” in compliance with funding conditions. Such measures can include temporary exclusion from some or all categories of HEA funding and “revised” funding conditions or the “controlled release” of funding.
Questions abound. After UL overspent badly on the Dunnes site in 2019 and again three years later for student housing, it seems obvious to ask whether there were any further examples of wasteful spending. Even if there is nothing else, how exactly did UL make an error so grave in the housing deal after it was burned so badly on the Dunnes property?
UL is competing with three other universities for money for a new veterinary school. These ructions will not strengthen its case.Bray fee-paying school St Gerard’s posts loss of more than €600,000 last yearMOST READWoman and two children killed in Co Mayo road collisionYour regular guide to the latest education news, analysis and opinion, as well as classroom resources, posters and lots more
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