Derek Nolan (Galway West, Labour) | Oireachtas source

Ms Murdock's organisation spends about €40 million a year. That is roughly the output if I am right. The figure was €42 million in 2012 and at the same time it has €20 million in the bank. That is a great deal of money. I have heard that there could be cyclical demand in the future, that there is a capital programme and that the authority is getting ready to be cut loose, so to speak, but €20 million, or half of the yearly spend of the authority, accumulating gradually over a number of years is a great deal of money to have in the bank. In chapter 14 the Comptroller and Auditor General points out that there is a cap set, the following year the authority's revenues increase, and therefore the cap is changed to accommodate that. Ms Murdock has said the money is for capital programmes, cyclical downturns and so on. Are they calculated figures? Are there plans in place? Are there budgets, costings or is it bigger than that?