Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Collection of Pension Contributions due to the Exchequer
Chapter 3 - Control of Funding for Voted Public Services
Chapter 5 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Comptroller and Auditor General Special Report 95: Financial Reporting in the Public Sector
Comptroller and Auditor General Special Report 99: Public Sector Financial Reporting for 2015
Comptroller and Auditor General Special Report 100: Public Sector Financial Reporting for 2016
9:00 am
Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source
Let me roll up the next question because I do not want to annoy the Chairman. Mr. Watt can certainly answer that.
On property-related matters, I am interested in hearing Mr. Watt's view on the sale and acquisition of the former Harold's Cross greyhound stadium, which was the subject of a Committee of Public Accounts meeting in May last. At that time, my crude valuation was probably within a couple of million of the valuation done by Savills, the existence of which we were informed of at that meeting, yet the State paid €23 million for the site. I described that at the time as "kiting", which is paying one overdraft off with another. If it was a bailout of a State agency so be it, but we need to tell the people this rather than try to dress up as value for money the purchase of a property for €23 million which was worth only €12 million.
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