Oireachtas Joint and Select Committees
Thursday, 10 November 2022
Public Accounts Committee
Greyhound Racing Ireland: Financial Statements 2021
9:30 am
Mr. John Tuohey:
The background to the care fund dates from 2019 when it was established with the purpose of ringfencing certain income which would then be used specifically for greyhound care fund purposes. That income was to come from 10% of gate receipts, 5% of net tote revenue and 50% of most of our sponsorship. We then expended those funds in specific categories of expenditure around fostering, welfare homes and those areas. That was the reason that we identify it as a separate line on the income and expenditure account.
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