Oireachtas Joint and Select Committees
Tuesday, 14 January 2014
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Expenditure Issues: Irish Water - Uisce Éireann
4:05 pm
Mr. John Barry:
Because we did not have a funding stream or the overall budget approved, we were getting letters of underwriting from the Department on a regular basis committing to cover us for the funding we were expending on the project, including forecasted spends. For good governance, our board was constantly looking for that to ensure Bord Gáis was kept cost-neutral on it. We were not spending money without notifying the Department and it was covering us in letters of underwriting.
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