Oireachtas Joint and Select Committees
Thursday, 20 November 2025
Public Accounts Committee
Exceptional Funding of the Peter McVerry Trust: Discussion
2:00 am
Mr. Ger Mullen:
We have a sinking fund account, which is €1.5 million in that account. We have to be careful of language because cash is not the same as a reserve. The reserve could be bigger than that, but the cash itself is being used in a different way. It is one of the processes where I want to make sure that our policies and what we are doing is crystal clear, not to finance people but to people who read our accounts and understand that where the money is is separate from where the reserve is.
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