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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: 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?

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.

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