Officials from my Department have again liaised with the Higher Education Authority in relation to this matter and have been advised that University College Cork (UCC) has to date not received any income from the Irish Management Institute (IMI) for the validation of degrees. However, UCC receives funding related to joint programmes based on credit input that UCC has in courses offered by the IMI. Details of that funding is set out in the following table.
Also attached is a table with the details of the debt and borrowings for each of the years 2000 - 2016 for UCC.
UCI/IMI Joint Programme Income
Year
|
€'000
|
2011
|
7.8
|
2012
|
45.6
|
2013
|
69.5
|
2014
|
52.4
|
2015
|
97.6
|
2016
|
25.7*
|
*Partial 2016 only.
University College Cork (UCC) - Information on Surplus/Deficits and Borrowings
#
|
Surplus/Deficit
|
Borrowings
|
#
|
€'000
|
€'000
|
1999/2000
|
-358
|
2,915
|
2000/2001
|
-370
|
11,871
|
2001/2002
|
696
|
11,925
|
2002/2003
|
-458
|
34,990
|
2003/2004
|
-2,646
|
63,694
|
2004/2005
|
-6,287
|
38,619
|
2005/2006
|
4,542
|
56,245
|
2006/2007
|
-6,341
|
66,265
|
2007/2008
|
-5,961
|
65,471
|
2008/2009
|
6,109
|
58,919
|
2009/2010
|
17,799
|
53,910
|
2010/2011
|
3,958
|
50,569
|
2011/2012
|
854
|
55,019
|
2012/2013
|
-4,401
|
50,980
|
Notes:
1. Data is not available in respect of financial years 2013/14 as statements have not yet been audited by the C&AG.
2. Borrowings based on loans, overdrafts and obligations arising under financing arrangements