I propose to take Questions Nos. 313 to 315, inclusive, together.
My Department allocates the recurrent funding to the Higher Education Authority (HEA) for direct disbursement to the HEA designated higher education institutions including Institutes of Technology (IoTs) such as Letterkenny Institute of Technology (LYIT).
Upon my appointment as Minister I commenced a programme of reinvestment in the education sector. This included an increase in annual recurrent funding to LYIT by €2.3m.
In their financial statements y/e 31 August 2016, the institute achieved a reduced deficit of €137k ( 1,358k in 2015) and will meet this deficit through accumulated reserves.
In 2017, the institute was budgeting for an operating surplus for the first time in six years and confirmed in late 2017 that this was on target for achievement.
However, an annual deficit of €1.4m per annum is currently being attributed to School of Tourism, Killybegs. This is a function of relatively low student numbers coupled with relatively high staff numbers. To seek in part to address this issue, I, approved the provision of ring-fenced funding of €750k per annum for 4 years from 2017 to 2020. This funding was approved following recommendations of the 2014 Working Group which was appointed to examine the financial viability of the Killybegs campus. The institution is working closely with a financial expert and the HEA to ensure a financially viable future for the campus.
I have attached the following tables in reply to the queries:
1: Letterkenny IT Records of Annual Surplus/Deficit 2007-2016 (calendar year)
2: Letterkenny IT Income - state vs non state - Income sources 2007-2016 (academic year)*
3: Letterkenny IoT summary - core grant, fees and student contribution by income stream (calendar year)
*Please note the most recent figures available are for the 2015/16 academic year.
Table 1. LYIT - Surplus/Deficit recorded 2007-2016
-
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
2009
|
2008
|
2007
|
Operating Surplus ( Deficit )
|
-137
|
-1,358
|
-1,154
|
-1,032
|
-1,594
|
-414
|
2,964
|
551
|
914
|
445
|
|
|
|
|
|
|
|
|
|
|
|
Transfer from/to Capital Development Reserve
|
|
|
|
|
|
-294
|
-526
|
-306
|
-185
|
-159
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Surplus ( Deficit )at beginning of year
|
1,735
|
3,093
|
4,247
|
5,279
|
6,873
|
7,581
|
5,143
|
4,898
|
4,169
|
3,501
|
Accumulated surplus received from VEC on amalgamation of TCK
|
|
|
|
|
|
|
|
|
|
382
|
Accumulated Surplus (Deficit ) at end of year
|
1,598
|
1,735
|
3,093
|
4,247
|
5,279
|
6,873
|
7,581
|
5,143
|
4,898
|
4,169
|
Table 2.
|
2015/16
|
2014/15
|
2013/14
|
2012/13
|
2011/12
|
2010/11
|
2009/10
|
2008/09
|
2007/08
|
|
Actual
|
Actual
|
Actual
|
Actual
|
Actual
|
Actual
|
Actual
|
Actual
|
Actual
|
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
€'000
|
Income
|
|
|
|
|
|
|
|
|
|
State Grant
|
12,413
|
11,755
|
11,499
|
12,496
|
12,860
|
14,775
|
18,715
|
19,548
|
19,894
|
Tuition Fees
|
11,170
|
10,085
|
9,810
|
9,303
|
9,227
|
9,119
|
9,586
|
7,663
|
6,464
|
Research Grants and Contracts
|
1,595
|
1,586
|
1,283
|
1,160
|
1,049
|
1,159
|
1,358
|
1,335
|
1,053
|
Other Income
|
3,319
|
2,883
|
3,412
|
3,226
|
2,970
|
2,983
|
2,635
|
2,967
|
3,161
|
Interest Income
|
1
|
64
|
97
|
222
|
299
|
166
|
119
|
49
|
99
|
|
|
|
|
|
|
|
|
|
|
|
28,498
|
26,373
|
26,101
|
26,407
|
26,405
|
28,202
|
32,413
|
31,562
|
30,671
|
State
|
|
|
|
|
|
|
|
|
|
State Grant
|
12,413
|
11,755
|
11,499
|
12,496
|
12,860
|
14,775
|
18,715
|
19,548
|
19,894
|
Tuition Fees
|
8,378
|
7,385
|
6,873
|
7,417
|
7,619
|
5,455
|
5,299
|
4,426
|
5,499
|
Research Grants and Contracts
|
1,468
|
1,454
|
1,156
|
960
|
713
|
1,008
|
1,019
|
1,001
|
790
|
Other Income
|
1,494
|
1,291
|
1,411
|
1,472
|
1,325
|
1,491
|
1,407
|
1,476
|
1,632
|
Interest Income
|
1
|
64
|
97
|
222
|
299
|
166
|
119
|
49
|
99
|
|
23,754
|
21,949
|
21,036
|
22,567
|
22,816
|
22,895
|
26,559
|
26,500
|
27,914
|
Non-State
|
|
|
|
|
|
|
|
|
|
State Grant
|
|
|
|
|
|
|
|
|
|
Tuition Fees
|
2,792
|
2,700
|
2,937
|
1,886
|
1,608
|
3,664
|
4,287
|
3,237
|
965
|
Research Grants and Contracts
|
127
|
132
|
127
|
200
|
336
|
151
|
339
|
334
|
263
|
Other Income
|
1,825
|
1,592
|
2,001
|
1,754
|
1,645
|
1,492
|
1,228
|
1,491
|
1,529
|
Interest Income
|
|
|
|
|
|
|
|
|
|
|
4,744
|
4,424
|
5,065
|
3,840
|
3,589
|
5,307
|
5,854
|
5,062
|
2,757
|
Overall Total Income
|
28,498
|
26,373
|
26,101
|
26,407
|
26,405
|
28,202
|
32,413
|
31,562
|
30,671
|
|
|
|
|
|
|
|
|
|
|
Total Capital Grants
|
2015/16
|
2014/15
|
2013/14
|
2012/13
|
2011/12
|
2010/11
|
2009/10
|
2008/09
|
2007/08
|
State Grants HEA
|
384
|
621
|
482
|
497
|
1,314
|
309
|
278
|
925
|
1,818
|
State Grants Other
|
|
|
76
|
543
|
3,007
|
10,206
|
764
|
3,878
|
1,402
|
Total State
|
384
|
621
|
558
|
1,040
|
4,321
|
10,515
|
1,042
|
4,803
|
3,220
|
|
|
|
|
|
|
|
|
|
|
Non State Grants
|
429
|
4,224
|
1,074
|
426
|
221
|
103
|
51
|
96
|
140
|
|
|
|
|
|
|
|
|
|
|
Total Capital Grants
|
813
|
4,845
|
1,632
|
1,466
|
4,542
|
10,618
|
1,093
|
4,899
|
3,360
|
Table 3
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
|
2007 Core Grant
|
2007 Fees
|
2006/07 Student Services Charge
|
2007 Total
|
2008 Core Grant
|
2008 Fees
|
2007/08 Student Services Charge
|
2008 Total
|
2009 Core Grant
|
2009 Fees
|
2008/09 Student Services Charge
|
2009 Total
|
2010 Core Grant
|
2010 Fees
|
2009/10 Student Services Charge
|
2010 Total
|
2011 Core Grant
|
2011 Fees
|
2010/11 Student Services Charge
|
2011 Total
|
2012 Core Grant
|
2012 Fees
|
2011/12 Student Contribution
|
2012 Total
|
2013 Core Grant
|
2013 Fees
|
Letterkenny IoT
|
€ 19,522,891
|
€ 2,287,036
|
€ 1,446,400
|
€ 23,256,327
|
€ 20,106,021
|
€ 2,740,280
|
€ 1,607,100
|
€ 24,453,401
|
€ 19,186,442
|
€ 2,414,155
|
€ 1,944,000
|
€ 23,544,597
|
€ 15,750,574
|
€ 3,824,874
|
€ 3,654,000
|
€ 23,229,448
|
€ 16,162,338
|
€ 3,502,894
|
€ 3,448,500
|
€ 23,113,732
|
€ 15,211,281
|
€ 2,100,250
|
€ 4,820,000
|
€ 22,131,531
|
€ 13,660,835
|
€ 1,598,052
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
|
|
Estimated
|
|
draft
|
draft
|
Estimated
|
|
|
2012/13 Student Contribution
|
2013 Total
|
2014 Core Grant
|
2014 Fees
|
2013/14 Student Contribution
|
2014 Total
|
2015 Core Grant
|
2015 Fees
|
2014/15 Student Contribution
|
2015 Total
|
2016 Core Grant
|
2016 Fees
|
2015/16 Student Contribution
|
2016 Total
|
2017 Core Grant
|
2017 Fees
|
2016/17 Student Contribution
|
2017 Total
|
Letterkenny IoT
|
€ 5,656,500
|
€ 20,915,387
|
€ 12,767,211
|
€ 1,639,092
|
€ 6,315,000
|
€ 20,721,303
|
€ 12,886,087
|
€ 1,103,044
|
€ 7,414,000
|
€ 21,403,131
|
€ 13,223,361
|
€ 1,003,430
|
€ 8,157,000
|
€ 22,383,791
|
€ 15,467,359
|
€ 1,149,469
|
€ 7,782,000
|
€ 24,398,828
|