Results 1-8 of 8 for 5 million segment:6032798
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Kieran O'Donnell: Some €5 million was owed to the centre in June 2013. A bad debt provision of €3 million has been set against this. Am I correct in that assessment?
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Mr. Kevin Moriarty: The turnover is approximately €5 million a year. The €12 million figure includes capital.
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Kieran O'Donnell: Is that the €5 million?
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Kieran O'Donnell: My understanding is that €5 million is outstanding at the moment overall. How much of that is still due to be collected?
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Kieran O'Donnell: Okay. The organisation is worth €5 million, it is taken over, but seven years later those who have taken it over still have not got their act together. How would Mr. Moran feel about that?
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
Joe Costello: ...outlined. Mr. Harkness from the Comptroller and Auditor General's office already detailed many of the inadequacies including the billing that took place retrospectively amounting to €1.2 million; the €2 million in rent that was also billed retrospectively; and the €5 million that was owed to the centres in June 2013. The parking fees, which were to be a stream of...
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
John McGuinness: ...length of time to deal with these issues. It is not small money. This is not lose change we are dealing with; it is not a matter of nickels and dimes. There is a litany of figures: €1.2 million, €2 million, €5 million and the write-off or bad debt provision of €3 million. Car parks that were to be developed were not developed. Expectations from car parking...
- Public Accounts Committee: Special Report 82 of the Comptroller and Auditor General: Financial Management and Reporting for Fishery Harbour Centres (16 Oct 2014)
...to 2011, and the late billing of income, the special report identified a number of other shortcomings in the financial management of the harbour centres, including the following: Of the €1. 2 million in harbours dues billed in arrears, approximately €0.5 million remained to be recovered at the report date, with half of this amount owed by one customer which is the subject of...