Oireachtas Joint and Select Committees
Thursday, 28 February 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 18 - Salary Overpayments to Teachers
Vote 26 - Department of Education and Skills
12:10 pm
Mr. Eamonn Moran:
Typically, the Department does not hold money; it is held by the Central Bank. The Department operates a number of suspense accounts with various purposes at the Central Bank, which gets the benefit of any balances in those suspense accounts and gets interest on them. We seek to ensure the interest of any money we have, which would generally be there for temporary purposes, is garnered by the Central Bank.