Written answers

Wednesday, 14 June 2006

Department of Community, Rural and Gaeltacht Affairs

Dormant Accounts Fund

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Question 57: To ask the Minister for Community, Rural and Gaeltacht Affairs the annual expenditure to date from the Dormant Accounts Fund; the expected future expenditure by his Department on an annual basis; and if he will make a statement on the matter. [22793/06]

Photo of Noel AhernNoel Ahern (Dublin North West, Fianna Fail)
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I refer the Deputy to my replies to Questions Numbers 105, 342 and 343 of 16th May 2006 in relation to spending to date from the Dormant Accounts Fund. Disbursements from the Fund in 2004 amounted to €14 million. In 2005 disbursements from the Fund were €14.4 million and €7 million has been paid during 2006 to date. It is anticipated that during the remainder of 2006 further significant amounts will be disbursed from the Fund.

It is difficult to say what the expected future expenditure from the Fund will be on an annual basis. The Deputy will be aware that actual expenditure on funding programmes, such as dormant accounts, does not mirror grant approvals. The drawdown of funding by successful organisations is subject to individual groups satisfying specific contract conditions. In this regard payments are normally made on a phased as groups satisfy contract conditions and provide ongoing verification in relation to project progress.

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