Tuesday, 16 January 2018

Ceisteanna (313, 314, 315)

Pearse Doherty

Ceist:

313. Deputy Pearse Doherty asked the Minister for Education and Skills the amount of surplus or deficit recorded by Letterkenny Institute of Technology in each of the years 2007 to 2017, by year and yearly amount, in tabular form; the cumulative surplus or deficit being run by the institute; and if he will make a statement on the matter. [54452/17]

Amharc ar fhreagra

Pearse Doherty

Ceist:

314. Deputy Pearse Doherty asked the Minister for Education and Skills the income earned or received by Letterkenny Institute of Technology including for current and capital purposes, by the State or by way of private companies, by income stream in each of the years 2007 to 2017, in tabular form; and if he will make a statement on the matter. [54453/17]

Amharc ar fhreagra

Pearse Doherty

Ceist:

315. Deputy Pearse Doherty asked the Minister for Education and Skills the amounts allocated to Letterkenny Institute of Technology in terms of core grant, fees and student contribution, by income stream in each of the years 2007 to 2017; and if he will make a statement on the matter. [54454/17]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Education)

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