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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
(28 Feb 2013)

Kieran O'Donnell: How much money does the Department have in the bank at the moment?

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
(28 Feb 2013)

Kieran O'Donnell: I am quite familiar with that. All I want to know is how much capital funding and how much revenue funding the Department has in the bank at the moment.

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
(28 Feb 2013)

Kieran O'Donnell: What is that for?

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
(28 Feb 2013)

Kieran O'Donnell: So it is currently with the NTMA for investment?

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
(28 Feb 2013)

Kieran O'Donnell: Apart from that, what is the amount of capital funding and revenue funding?

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
(28 Feb 2013)

Kieran O'Donnell: So the Department holds no cash balance for capital funding?

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
(28 Feb 2013)

Kieran O'Donnell: If I might refer to the report of the Comptroller and Auditor General, what is PMG?

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
(28 Feb 2013)

Kieran O'Donnell: The amount in that account increased from €29.6 million at the end of 2010 to €61.7 million at the end of 2011. Is that Paymaster General?

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
(28 Feb 2013)

Kieran O'Donnell: No, at the Department of Education and Skills. I want to get an idea of the level of cash and bank balances that Departments would have at any one time. There must be money in the bank accounts for capital funding and revenue funding. Does the fact that the PMG bank balance increased from €30 million to €62 million between 2010 and 2011 ring a bell?

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
(28 Feb 2013)

Kieran O'Donnell: Any payment the Department has would be on deposit with the Central Bank. I am looking at the interest-earning capacity of that money when it is not being used.

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
(28 Feb 2013)

Kieran O'Donnell: How many people have yet to receive their third level grants from SUSI?

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
(28 Feb 2013)

Kieran O'Donnell: Out of what total number of applications?

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
(28 Feb 2013)

Kieran O'Donnell: I would like a breakdown of the total number who applied, the number who were refused, the number who were approved and the number that are yet to be processed.

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
(28 Feb 2013)

Kieran O'Donnell: So 14,607 applications remain?

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
(28 Feb 2013)

Kieran O'Donnell: I welcome the Secretary General and his colleagues. There is an article in one of today's national newspapers about a Deloitte & Touche report concerning Waterford Institute of Technology. The Department has been asked to carry out an investigation. Could Mr. Ó Foghlú give us an update on where that is currently?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance
(21 Feb 2013)

Kieran O'Donnell: Is Ms Feehily at liberty to divulge what that figure is?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance
(21 Feb 2013)

Kieran O'Donnell: The figure is €30 million of-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance
(21 Feb 2013)

Kieran O'Donnell: Does Ms Feehily anticipate that she will be looking at 12.5% on €30 billion as a net gain to the State?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance
(21 Feb 2013)

Kieran O'Donnell: The figure is €30 billion.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance
(21 Feb 2013)

Kieran O'Donnell: It is €30 billion in respect of IBRC alone.

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