The National University of Ireland was set up under the Universities Act, 1908, which also provided for the audit of its accounts by the Comptroller and Auditor General. The Universities Act, 1997, changed the structure of the NUI which now has four constituent universities, namely, UCD, UCC, UCG and Maynooth. While the NUI has always been subject to my audit, it is only since 1994 that examination of its accounts was brought within the remit of the committee. As I understand it this is the first time the NUI has been before the committee.
The bulk of NUI funding comes from a £35 annual charge on undergraduate students in the first three years of their studies in the constituent universities and on all postgraduate students in the universities. In 1998, for example, £1.36 million was collected through this channel. The main expense items are administration, salaries and the cost of extern examiners. There are no criticisms of the NUI in my audit reports.
St. Patrick's College, Drumcondra was established in 1875 to meet the teacher training needs of a denominational primary school system. The affairs of the college are administered by a governing body on behalf of the Catholic Archbishop of Dublin. Since 1993 it is institutionally linked with Dublin City University. I have been responsible for the audit of the college since 1994 and the accounts for that year and for the four years up to 1998 are before the committee. The lands and buildings are owned by a trust on behalf of the Archbishop. The 1970 indenture between the college and the Department of Education and Science provides for the repayment of capital grants plus interest if the college is not used exclusively for the training of national teachers or some other educational purpose approved by the Minister. Up to 1997 the buildings were shown in the balance sheet at their insured value of about £29 million, but a revaluation on the basis ofexisting use shows them at just under £10 million.
The only outstanding matter arising from my audits of the college is the lack of a proper fixed asset register and I have drawn attention to this in each of my audit reports. However, I understand there have been positive moves in this respect, so hopefully the need for such a reference in future reports will not arise.
St. Angela's College was founded in 1952 - I am sure I will be corrected on the detail by the accounting officer - by the Ursuline Congregation as a teacher training college for home economics. In 1978 the college became a recognised college of the NUI. I took over responsibility for the audit of the college's accounts with effect from the 1994-95 academic year. The first two years' accounts were in a simple receipts and payments format, but with the support of the Department the accounts now comprise the more appropriate income and expenditure statement and the balance sheet. That said, fixed asset expenditure is written off against income and expenditure in the year of purchase, so there are no fixed assets shown on the balance sheet.
I have referred to the absence of a record of fixed assets in my last two audit reports. This issue could assume importance in the event of a discontinuance of the use of the college for educational purposes. In such a situation I think State funding of capital assets at the college would have to be taken into account in apportioning the proceeds of any sale which may arise. I am not anticipating a death wish for the college, but these are important issues. The issue is similar to that pertaining to St. Patrick's College where it has been sorted out by way of indenture. The committee will remember a problem we had in relation to Carysfort College regarding these matters.
The Church of Ireland College of Education became a recognised teacher training institution in 1884, but I believe its origins go back to the earlier part of that century. The main function of the college is to provide a supply of trained teachers for primary schools under the management of the Church of Ireland, the Presbyterian Church of Ireland and the Methodist Church. I assumed responsibility for the audit of the accounts of the college in 1994, and accounts since that year are before the committee. In common with the other educational institutions, the college did not have a satisfactory system of recording and accounting for fixed assets, but I am glad to say this problem has since been resolved.