Oireachtas Joint and Select Committees

Thursday, 27 June 2019

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

In our letter to the appropriate body, whether that is the Valuation Office or the Accounting Officer for the Vote, we will seek information on the Valuation Office. We will ask for information on the revaluation programme and separately we will seek - not financial statements - an up to date information note on the position of the Valuation Office and how it is progressing. As part of the Vote this request is within this committee's remit. We will request they answer the questions on that basis. The sectoral committee will continue to deal with the legislation aspect of the query but any information the committee can obtain may be helpful in that regard.

No. 1630, dated 18 October 2018, was correspondence from NAMA on a full breakdown the committee had requested some time ago on the number of properties offered to each of the local authorities for housing and so on. The committee received detailed information. It was raised at the last committee meeting and we have it on file. I will ask the committee secretariat to email this to members, if it has not already been done. I have a copy and perhaps members already have it. That issue has been raised. Having had a fresh look at that schedule, if members want to raise it at a subsequent meeting, then they should feel free to do so.

I shall now turn to statement of accounts received since the last meeting. There are four items. The Marine Institute is a clear audit opinion. The National University of Ireland, Maynooth is a clear audit opinion. Attention is drawn by the Comptroller and Auditor General to the recognition of a deferred pension funding asset, standard for universities, which is a provision of €750,000 in the university statement of comprehensive income and expenditure on impairment of a loan to a loss-making subsidiary company set up to commercialise intellectual property and to provide consultancy and training services. I will ask the Comptroller and Auditor General to comment on this shortly. Fishery Harbour Centres accounts present a clear audited opinion. The Credit Union Fund accounts are in with a clear audit opinion. I invite the Comptroller and Auditor General to comment.

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