Oireachtas Joint and Select Committees
Thursday, 13 December 2018
Public Accounts Committee
Comptroller and Auditor General Special Report 98: Provision of School Transport
9:00 am
Mr. Seán Ó Foghlú:
We have a transport management charge, which is part of the fees that we pay or the costs we pay to Bus Éireann but there is no profit. Everything is assigned. There was a reserve held, which was held by Bus Éireann and referred to in their accounts in latter years, which was assignable, on agreement by us, to certain costs. We made the call this year that we would not let the company retain that any more. That is no longer being retained and will not be retained by the end of 2018. There was no profit in the scheme. It is a scheme on the basis of cost recovery, in terms of expenditure.