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Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: We will ask the liaison officer for the Committee of Public Accounts to give us a detailed note on it. Is that agreed? Agreed. I thank Mr. McCarthy. No. 4.6 is the North-South body Tourism Ireland which has been given a clear audit opinion.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Would that informatin be shown in the financial statements?

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: As we did last week, we will ask the secretariat to circulate the full financial statements. Members can then review if they want to raise an issue. No. 4.7 is the Foyle, Carlingford and Irish Lights Commission Loughs Agency which is also a North-South body. It has been given a clear audit opinion. It is noted. I shall move on to discuss the work programme. The updated programme is...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: We will then break for lunch because in fairness we have to have a timescale as people are entitled to a break. On Thursday, 18 October, in the morning, there will be a wrap-up by the Department of Public Expenditure and Reform on its 2017 appropriation accounts, various chapters and accounts for previous years to which we did not get. If members have a particular issue to raise, they...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: It is a separate report. I will request the secretariat to send an information note to members in the next day or two. Not everyone will remember the status of all the colleges in that regard. The note will have a clear paragraph on the issue. It will indicate whether the report is with us, the Minister, the Comptroller and Auditor General or is still awaited. The reports that are not...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: We could still invite them. I believe, however, that they are not available to attend that meeting. As the Irish Council for Social Housing had prearranged a meeting for next Thursday, its representatives also cannot be here. It will take a second meeting and we will have to divide the agenda. The meeting on 25 October will cover housing, the local government fund and the Housing Agency....

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: I do not know, but he or she will be the chief executive of some local authority. It is done by rotation.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: No, they are different people, but we can ask both to attend. Two local authority chief executives will also be invited. It is also done by rotation. We will need to have a separate meeting to deal with the voluntary housing sector, including the approved housing bodies and the representative bodies, the agencies that, to be truthful, are delivering most of the housing. The meeting will...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Yes, but we are just sticking to the agenda.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Today we will clear the details of the housing issue. The following week, for definite, we will hear from Revenue. Perhaps the meeting with the Department of Education and Skills and Bord na gCon could be held later. We will come back to the work programme every week to see where meetings can be slotted in. We do not have to sign off on that matter today. The purpose of the discussion is...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Pardon.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: I have no problem with holding a meeting on a Tuesday.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: It does not all have to be done before Christmas. There is a gap. This part of the work programme will only take us up to November. There will be three more meetings after that.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Yes, between now and Christmas.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: I believe it is the one agency. There was a change of name.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: It is the one body.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Essentially, the Housing Finance Agency is a funding agency. It provides a certain amount of funding for start-up projects. It sources the majority of its funds in the private sector to be provided on a commercial basis for approved housing bodies.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: I am speaking on the basis of what I know. The Housing Finance Agency borrows funding commercially to gain value from the State being able to borrow at a good rate. It lends it on commercially to the approved housing bodies which pay back the loans over a period of time. I think some of the loans run forever. In many cases, the loans given out are interest-only. There are different...

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: As we have requested it, it will come.

Public Accounts Committee: Business of Committee (11 Oct 2018)

Seán Fleming: Yes.

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