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Public Accounts Committee: Business of Committee (8 Feb 2018)

Seán Fleming: Will Mr. McCarthy explain who administers it?

Public Accounts Committee: Business of Committee (8 Feb 2018)

Seán Fleming: We will write to the Courts Service requesting an information note on how the poor box system works in the different court districts throughout the country. We will take it from there.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Seán Fleming: It is a little like the situation in the case of wards of court funds.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Seán Fleming: We have raised the point.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: We are dealing today with the 2016 annual report of the Comptroller and Auditor General, chapter 7, Dormant Accounts Fund, under the aegis of the Department of Rural and Community Development. We are joined by officials from the Department of Rural and Community Development, Mr. Kevin McCarthy, Secretary General, Mr. Fergal Costello, principal officer, Mr. Kenneth Jordan, principal officer...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: I thank Mr. McCarthy. I call on Mr. Kevin McCarthy to make his opening statement.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: I thank Mr. McCarthy. Before I call Deputy Catherine Murphy, I must express disappointment with the opening statement. We have received a 20-page report from the Comptroller and Auditor General detailing the underspend under the Dormant Accounts Fund area by area, including charts that show commitments, including one where 95% of the money had not been drawn down. Despite this, Mr....

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: I must take the others. We will come back to it.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: It is worse it is getting. I was not happy with the opening statement and it has gone seriously downhill the longer the meeting has gone on.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: I must move on to Deputy Connolly. Is that okay with Mr. McCarthy?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: I call Deputy Connolly. I thank Deputy Burke.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: Is there anyone present who dealt with the dormant accounts board over the years?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: You ran through some figures with Deputy Burke and I would like you to go through them again slowly. I would say you have the schedule for each year from 2012 to 2017, so what were the payments?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: They are the payments out.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: It is to 2012.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: It is approximately €4.2 million.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: What were the payments to Pobal for each of those years?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: It varies quite a bit in some years it can be 20% or 30% of payments referred to by the Comptroller and Auditor General. That excludes the costs of the Department and the National Treasury Management Agency.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: Last year approximately €16 million was paid out.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Seán Fleming: What were the costs or expenses associated with that?

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