Oireachtas Joint and Select Committees

Thursday, 15 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education and Skills
Chapter 4 - Vote Accounting
Chapter 12 - Contract Management in Education PPP Projects
Financial Accounts 2012

1:20 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Would it not have been the norm, if it had an exposure for eight years, to ensure it got a long-term lease in place? Even apart from that, the annual rent it was paying on the premises was €67,465. The rent from the sub-let was only €51,000. That is a shortfall of €16,500, and it was looking at an eight year exposure. Even with that there was €131,000 of taxpayers' money going down the drain. It is an old-fashioned principle that public servants should deem it to be their own money, but in the situation that arose in this case - I am not personalising it but merely making the point - from a business model it was flawed from day one because it would cost the taxpayer €132,000. There would be a shortfall of €16,500 per annum anyway. Was it required to seek approval from the Department?

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