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

Seán Fleming: Yes.

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

Seán Fleming: That is fine.

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

Seán Fleming: Okay. That is fine. There was a figure in the briefing material of committed funds to be distributed by the NTMA on foot of existing approvals. It is €70.86 million. Will the witnesses give a breakdown of that figure by scheme and county? It does not have to be now.

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

Seán Fleming: I did not expect it now. That is the amount committed based on plans, etc.

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

Seán Fleming: How long is some of that in the system? How much of the amount might relate to an action plan not paid out for longer than four years, for example?

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

Seán Fleming: Is this in the Comptroller and Auditor General's report?

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

Seán Fleming: Okay. We have that.

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

Seán Fleming: That is 2012. What is it in 2013?

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

Seán Fleming: That is money which is approved on foot of action plans but is not yet paid 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 €4 million for anything before 2012.

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

Seán Fleming: Prior?

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

Seán Fleming: So how much is there pre-2012?

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

Seán Fleming: Would any of those files go back a decade at this stage? Do they exist?

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

Seán Fleming: If the Department gives a commitment in writing without a sunset clause, does it have an entitlement to withdraw the money? It is obvious that it is not happening but the Department does not have-----

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

Seán Fleming: What was the figure in 2013?

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

Seán Fleming: What was it in 2014?

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

Seán Fleming: Approximately €25 million has been committed and has been sitting in an account for up to eight years while organisations cry out for this money. It gives a whole new meaning to "dormant". At least some people can get money out of that account even if they come back but this seems to be more dormant than the dormant account the National Treasury Management Agency, NTMA, manages. We...

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

Seán Fleming: The witness can send that the secretariat.

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

Seán Fleming: Will Mr. Ó Briain send us a detailed note on this matter?

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

Seán Fleming: It is the design.

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