Seán Fleming (Laois, Fianna Fail) | Oireachtas source

-----on this, not just in the case of Waterford but across the board.

I refer to two other notes in the letter from WIT, one of which is good news. It says in respect of the financial year ending 31 August 2019, "The consolidated financial statements are currently undergoing a final draft stage and will be available for the C&AG by the prescribed due date of 30th November 2019." That is within three months of the year end. I remember that a few years ago we almost suspended a meeting because the most recent accounts we had were two and a half years old. Again, the input of the Committee of Public Accounts has certainly brought a bit of realisation to the boards of these organisations that there must be proper corporate governance, which includes producing financial statements in a timely manner. WIT now seems to be doing so. However, as Deputy Cullinane said, the last sentence reads, "The Institute, despite making savings in both pay and non-pay, could not match the income cuts with comparable expenditure saving." I take it that that is the historic position, not the position into the future. WIT is giving the summary of its past-----