Written answers

Thursday, 18 November 2010

Department of Finance

Departmental Investigations

5:00 pm

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Fine Gael)
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Question 83: To ask the Minister for Finance the number of external reports and reviews commissioned by State agencies and boards under his remit in 2008, 2009 and to date in 2010; if he will name each report and review; the spending on external reports and reviews in each of those years; and if he will make a statement on the matter. [43507/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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There were 160 external reports or reviews commissioned by bodies under the aegis of my Department in the period in question . Details of the reports or reviews commissioned are contained in the following tables

National Treasury Management Agency ( Inclusive of State Claims Agency, National Development Finance Agency, National Pension Reserve Fund and National Asset Management Agency) 2008 National Treasury Management Agency

BodyName of Report or ReviewCost(ex VAT)
National Treasury Management AgencyPwC Review of Technical and Operational Procedures in relation to the Prize Bond Scheme**

2009

BodyName of Report or ReviewCost(ex VAT)
National Treasury Management AgencyLondon Economics Report on Derivation of Long-Term Economic Value Adjustment Factors€94,080

2010

BodyName of Report or ReviewCost(ex VAT)
National Treasury Management AgencyAccenture Review of NTMA Corporate Services**

National Pension Reserve Fund Commission

2008

BodyName of Report or ReviewCost(ex VAT)
National Pension Reserve Fund CommissionWM Review of Fund Investment Performance**

2009

BodyName of Report or ReviewCost (ex VAT)
National Pension Reserve Fund CommissionPwC Due Diligence Report on Bank of Ireland*€650,000
National Pension Reserve Fund CommissionPwC Due Diligence Report on Allied Irish Banks plc*€650,000
National Pension Reserve Fund CommissionArthur Cox Due Diligence Report on Bank of Ireland*€500,000
National Pension Reserve Fund CommissionArthur Cox Due Diligence Report on Allied Irish Banks plc*€900,000

2010

BodyName of Report or ReviewCost (ex VAT)
National Treasury Management AgencyAksia Review of Hedge Funds Investment Strategy.**

*These reports were commissioned at the request of the Minister for Finance in the context of the State's preference share investment through the National Pensions Reserve Fund in Bank of Ireland and Allied Irish Banks plc.

**Commercial confidentiality provisions in the relevant contracts preclude the publication of the fees paid in respect of these individual reports. However, the total costs (ex VAT) in respect of the 9 reports referred to above are €3,131,330

Special EU Programmes Body

The Cost in relation to the reports and reviews carried out by the Special EU Programmes Body listed below would have been jointly funded by the European Union, the Department of Finance and the Department of Finance and Personnel. The majority of the Reports and Reviews were commissioned for the INTERREG IVA and PEACE III European Structural Funds Programmes. The EU funds 75% of INTERREG IVA programme costs and 67.5% of the PEACE III Programme costs, with Ireland and the United Kingdom providing the remaining funding.

The Special EU Programmes Body is responsible for the management of the PEACE III and INTERREG IVA Programmes which value some €333m and €256m respectively. In line with public expenditure requirements and as agreed with Accountable Departments, all applicants seeking funding under the Programmes are subject to a robust and defined assessment process. All applications meeting the basic eligibility criteria and seeking funding of over £500,000 will automatically be subject to a full Economic Appraisal (EA). These appraisals make up the majority of external reports and reviews commissioned by the Special EU Programmes Body.

Please note that there are a number of instances where a contract has been awarded to a provider for completion of a block of Economic Appraisals. Detail on the individual Economic Appraisals contained within these contracts is not available within the required timeframes but can be provided upon request.

The information presented is based on the Special EU Programmes Body Consultant Register as at 16 November 2010 and costs outlined within Tables 1-3 are based on the total costs stipulated at the time of award of contract. Should a contract complete under budget, this will not be reflected within the Tables. The Special EU Programmes Body appraisals make up the majority of external reports and reviews commissioned by Special EU Programmes Body.

Please note that there are a number of instances where a contract has been awarded to a provider for completion of a block of Economic Appraisals. Detail on the individual Economic Appraisals contained within these contracts is not available within the required timeframes but can be provided upon request.

The information presented is based on the Special EU Programmes Body Consultant Register as at 16 November 2010 and costs outlined within Tables 1-3 are based on the total costs stipulated at the time of award of contract. Should a contract complete under budget, this will not be reflected within the Tables. The Special EU Programmes Body estimates that the number of contracts to which this applies is negligible. Should however, further costs be incurred on a contract, these will be described as Annex Bs within Tables 1-3. Table 1: External Reports and Reviews Conducted by SEUPB in 2008

Name of Report or ReviewCost £Cost €
East Border Region Multi-Annual Plan8,166
North East Partnership Multi-Annual Plan11,103
Centre for Sport & Interculturalism8,812
Programme Branding Review40,000
EA Annex B - East Border Arts Project (Original Annex A 95/04)3,466
EA Annex B - Sharing a vision for our coastline (Original Annex A 39/06)2,879
EA Annex B - Geographical Information Project (Original Annex A 45/06)2,726
EPI Project3,525
Destination North West4,230
Cross Border Railway Cluster3,290
NWEEC Waste Management3,290
Impact Evaluation for the INTERREG IIIA Programme25,554
Assessment & EA of the Multi Annual Plans submitted by COMET, ICBAN & NWRCBG17,927
EA Annex B - Composting for the Mushroom Industry5,950
Off Shore Electricity Transmission Grid Between Ireland, N. Ireland & Scotland6,991
Economic Appraisal (EA) - Programme specification for the Creative Industries Sector5,611
To undertake an independent assessment and review of the Project Kelvin.5,875
Economic Appraisal to cover additional founds to the SYNERGY Project.4,112
Addendum to the Economic Appraisal to cover additional funds to the Digital Media Works Project2,937
To undertake an Economic Appraisal of the Sail West Project Under INTERREG IVA6,756
To undertake an Economic Appraisal on PEACE III, Priority 2.1 project - Balloo Community Wetland Project - North Down Borough Council5,874
To undertake an Economic Appraisal on PEACE III, Priority 2.1 project - Castlesaunderson - All Ireland Scouting/Jamboree Centre - Cavan County Council8,166
Production of Common Chapter (North/South) Activity Report for 200618,682
EA- Annex B - North East Partnership Multi-Annual Plan2,115
East Border Region Multi-Annual Plan2,673
EA & project assessment of 4 local authority peace & reconciliation action plans29,421
EA & project assessment of 5 local authority peace & reconciliation action plans37,600
EA & project assessment of 5 local authority peace & reconciliation action plans32,959
Economic Appraisal Transforming Conflict in Border Communities9,635
Analysis study of Protestant working class areas and the development of a Peace III project proposal20,327
EA on actions contained within EBR's Collaboration Theme of their Multi Action Plan21,358
EA on actions listed within ICBAN's Collaboration Theme of their Multi Action Plan15,030
EA on actions listed within North West Region Cross Border Group's Collaboration of Multi Action Plan12,500
Management of the successful dissolution of LSP companies seeking to close following P2 programme53,239
EA Northern Ireland Prison Service application4,600
EA of 9 PEACE III 1.1 projects33,120
EA of 6 PEACE III 2.1 projects22,080
Total €785,897

Table 2: External Reports and Reviews Conducted by SEUPB in 2009

Name of Report or ReviewCost £Cost €
Design and implementation of a functional records management policy & system19,164
EA on the Resource I/Reg IVA Project5,750
EA Achieving Sustainable Councils5,750
EA Connexions4,082
EA Blackwater River Catchment Project5,750
EA on Workspace at Enniskillen Airport/Innovative Enterprise Prog/HAATCH Projects14,950
EA Annex B EA PEACE III Priority 1.1 Children and Young People Building Relations(original 70/07)1,028
EA Annex B Conflict Transformation from the bottom up(original 75/07)2,937
EA on business incubation support for Belfast/North Down/Sligo6,325
EA on the innovation and growth programme for NEP which aims to build the success of previous Product Transfer programme3,565
Establish a Rural Environmental Co-operative which will provide cross border catchment services to farmers and rural households in Lough Melvin6,325
EA for proposed collaboration project from RNIB with NCBI and deafhear6,613
EA Collaboration to fund a project aimed at building infrastructure to address current shortage of language service professionals working with the deaf4,025
EA Collaboration between DHSSPS & DELHLG & NIFRS with six fire and rescue services in the border4,313
EA Annex B - EA Success through Succession - (original annex A = 41/08)3,140
EA Cooperation and Working Together - (original Annex A = 33/08)5,493
EA On Diversity Across Border Projects4,025
Ea Borderwise Cross Border Project4,542
To undertake additional work required on the common Chapter Report920
EA on two operations within marine tourism and angling development project3,795
Annex B Create dvd to mark the closure of PEACE and INTERREG IIIA (original 87/08)8,321
Development of SEUPB Website so it meets current best practice52,499
EA Developing Governance in Transition/Vital Links/Int Childhood Network/FAIR/ The Most Project14,850
Annex B EA BNcB3,482
Business Plan for Peace III Priority 2.1 project Clones Erne East Sports Partnership6,037
EA for an energy project5,750
2 EA The Power of Possibility and Developing a Peace Building Infastructure8,395
EA on PEACE II 1.1 Promoting Inter-Culturalism North/South4,600
EA of the Construction Business project under the Enterprise Theme of ICBAN's MAP3,479
EA of The Green Business Project under the Enterprise theme of ICBANs MAP4,594
EA on the Cultural Tourism Network project form the COMET MAP4,477
EA of 3 projects in the NEP MAP under tourism theme Biker Trip/Causeway Coast/Gobbins12,592
EA on 3 projects under the Tourism Theme of the North West Regions Multi Action Plan9,487
EA of 4 projects in the ICBAN MAP= Border uplands/ECO Tourism/Crossborder angling/Events and Festival Management Support16,503
Review PEACE III+INTERREG IVA programmes performance74,115
EA Annex B Borderwise Cross Border Project1,144
EA Annex B Connexions1,064
EA Annex B on Loughs Agency, Marine Tourism & Angling Project in Foyle and Carlingford3,770
EA Annex B on the ifactory application1,880
EA for East Border Region Partnership application under tourism12,075
Completion of Sports Dev Plan for PEACE III Clones Erne/East Sports Partnership4,600
EA Annex B Consultant to address comments from DETI on BNCB proposal under INTERREG IVA799
EA on 2 FAIR projects/CAPABLE project/BOBCAT project6,635
EA of one Co-operation Ireland project - Effective Choices Helping Ourselves3,450
EA on the continuation of WAVE key services6,900
EA Annex B To update Tradelinks II application1,552
EA Annex B EBR Wider Cross border Regional Work1,573
EA Intertrade Ireland/East Border Region/North West Region Cross Border Group4,600
EA Annex B on the Resource I/Reg IVA Project1,088
5 EA relating to The Administration Costs of the Cross Border P/ship Groups receiving funding under INTERREG IVA14,087
Propose a methodology to the Member States on the appropriate methods and rates to be applied to facilitate simplification of management administration and control of ERDF funded organisations8,104
To review the contract and completed works for the Strabane-Lifford Waterways3,237
3rd Annex B EA on the Tradelinks II application-worked not covered in original TOR120
EA Annex B Sailwest6,095
2 EA Moving away from violence project and International network of youth centred public service providers project9,200
4 EA Group A Forward learning/Sligo Vo Educ Comm/Rural Dev Council/NW Play resource centre14,778
4 EA Group B Cooperation Ireland/Irish congress of Trade unions/PSNI/BCC Growing a learning city14,778
Perception Surveys10,275
EA Annex B North West Regional Sports campus548
EA 2nd Annex B North West Regional Sports campus1,150
2 EA Spatial Planning Analysis and Info sharing and Urban-village renewal7,100
To undertake a needs analysis study on West Tyrone Voice and to develop a project pipeline in order to submit an application3,750
Undertake Greenbook EA Settlement Regeneration Programme2,507
Due Diligence Report on North and West housing Ltd5,623
12 Green book economic appraisals61,922
12 Green book economic appraisals53,820
12 Green book economic appraisals63,705
12 Green book economic appraisals41,193
10 Green book economic appraisals67,850
Commercial appraisal assignment of a company in the property/aircraft maintenance sector Enniskillen airport5,520
EA Annex B Conflict Transformation from the bottom up(original 75/07)1st annex b=08/091,762
12 Green book economic appraisals61,922
Consultant to carry out the work and activities of working group one of the Peace Network25,500
EA Annex B HAATCH/Enniskillen airport and the Innovative Enterprise Programme2,555
Total €1,040,280

Table 3: External Reports and Reviews Conducted by SEUPB in 2010

Name of Report or ReviewCost £Cost €
Review of the proceeds of the sale of Castlesaunderson lands by scout foundation-jamboree centre project587
Preparation of proposal for the member states on the application of flat rate costs calculated by standard scales of unit cost to health sector project9,790
In depth analysis of Major Grant Project, Project Kelvin, to address queries from European Court of Auditors.6,345
Evaluation of PEACE III, Priority 1.1 Project Positive relations10,141
12 Economic Appraisals54,990.
12 Economic Appraisals56,400
12 Economic Appraisals54,919
12 Economic Appraisals45,825
12 Economic Appraisals57,208
To undertake a review of Theme 1.2 of the PEACE III Programme19,385
EA Annex B EBR Action for Bio Diversity1,329
EA Annex B NWR Spatial Planning4,698
EA Annex B EBR Energy and training and monitoring1,117
EA Annex B NWR Urban and Rural Village renewal835
EA Annex B NEP Causeway Connections1,469
EA Annex B NEP Gobbins and Sliabh Liag2,291
EA Annex B ICBAN Angling Project1,469
EA Annex B ICBAN Eco Tourism Project1,469
EA Annex B HATTCH, Enniskillen Airport. ICBAN's enterprise application4,821
To undertake a review of the impact of the activities under each local action plan Theme 1.1 PEACE19,385
Addendum to EA Castlesaunderson all Ireland scouting jamboree project1,762
Addendum to EA of Orange Community Network1,410
Development and design of SEUPB intranet system12,480
Forensic Audit of a lead Partner- suspected fraud32,900
Report to ascertain the impact of the removal of project partner from the Irish Peace Centres project4,641
Perception and awareness survey11,039
EA on Two sub-projects within the Lough Agency Marine Tourism and Angling Development Projects2,876
Attitudinal Survey within the PEACE III Programme41,019
Addendum to economic appraisal for Women into Public Life.1,243
The Rural Enabler4,700
Total €515,402

Anglo Irish Bank

Consultancy charges outside the normal course of business in 2009 and 2010 ( cash out basis and to Sept 2010) were as follows:

Name of the Report or Review commissioned€m
Restructuring Plans18.8
Nama related charges16.7
Legacy issues9.3
Liability Management exercise7.4
Redundancy & HR1.5
ELG Scheme0.1
CIFs Scheme0.2
Nationalisation1.6
Other*1.5

* other includes special items primarily consists of consultants hired to assist with the restructuring plans and NAMA related valuation costs.

Central Bank of Ireland

In addition to the reports listed above a number of reports or reviews were carried out by external parties on behalf of the central bank of Ireland (including the Financial Regulator for pre – October 2010) in the period 2008 to date in 2010. Details of the reports are included in the following tables:

2008

Name of Report or Review
Financial Capability Study consultancy for 2008/09
Financial Capability Study consultancy for 2008/09
Loanbook analysis and assessment review
Review of trading controls
Consumer tracking research
Report on calculating a consumer rebate
Review of the Life Assurance Disclosure Regulations
Consumer Research for Review of the Intermediary Market
Total costs for 2008 € 4,295115

2009

Name of Report or Review
Review of Business Processes
Review of Directors Loans
Review of Banking System pre NAMA (at request of Department of Finance)
Total Costs 2009 €778,724

2010

Name of Report or Review
Strategic Review of the Credit UnionSector in Ireland (requested by the Minister for Finance)
Organisational effectiveness of financial sector regulators/Supervisors
Due Diligence Report (at request of Department of Finance)
Review of NAMA Asset Valuation Methodology
Total Costs to date 2010 €2,031,423

In addition the consultative consumer and industry panels commissioned reports in 2008 to date in 2010. The reports cost €114,836 in 2008, €4,860 in 2009 and €4,599 in 2010.

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