Bernard Durkan (Kildare North, Fine Gael)
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Question 131: To ask the Minister for Community, Rural and Gaeltacht Affairs the extent to which the availability of funding to his Department from the Dormant Accounts Fund is expected to continue on an annual basis over the next five years; and if he will make a statement on the matter. [24013/09]

Éamon Ó Cuív (Galway West, Fianna Fail)
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The Dormant Accounts Fund Acts provide for an annual transfer by credit institutions and insurance undertakings of monies in accounts determined to be dormant into the Dormant Accounts Fund (DAF).

Since its establishment in May 2003, the net transfers to the Dormant Accounts Fund have been just over €338m. Transfers in 2009, to the end of April, total some €39m. The value of the Fund at end April 2009, net of liabilities, was some €52m. This excludes around €50m maintained in a Reserve Account to meet future reclaims by account holders and to cover expenses associated with the operation of the Fund.

The level of funds transferring to the DAF in any one year cannot be projected with any degree of accuracy and the Deputy will appreciate that it is not possible for me to give any indication of future allocations by Government – or to calculate probable expenditure in future years by my Department. Information concerning the level of inflows, reclaims etc. from 2003 to end April 2009 is available on my Department's website at www.pobail.ie

Bernard Durkan (Kildare North, Fine Gael)
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Question 132: To ask the Minister for Community, Rural and Gaeltacht Affairs the expenditure to date by his Department from the proceeds of the Dormant Accounts Fund since its inception; and if he will make a statement on the matter. [24014/09]

Éamon Ó Cuív (Galway West, Fianna Fail)
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Funding is provided from the Dormant Accounts Fund (DAF), through the votes of relevant Departments, to tackle disadvantage and to assist persons with a disability. In the years 2006 to 2008, my Department managed an annual measure to support projects in RAPID areas, each valued at €7.5m per annum. Some €64.4min total was allocated to the Rural Social Scheme between 2004 and 2008. In addition: In 2006, a measure to provide recreation and personal development opportunities for disadvantaged young people valued at €1.12m was approved; €3.95m was approved in 2006 to fund two flagship projects; and in 2008, €2m was provided for a substance misuse measure.

Expenditure to date under these measures has amounted to some €17m. Information on income, reclaims and expenditure generally relating to the Dormant Accounts Fund is available on the web-site of my Department at www.pobail.ie .