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Written Answers. - Departmental Accounts.

Tuesday, 26 November 2002

Dáil Éireann Debate
Vol. 558 No. 1

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 463. Mr. Eamon Ryan Information on Eamon Ryan Zoom on Eamon Ryan  asked the Minister for the Environment and Local Government Information on Martin Cullen Zoom on Martin Cullen  if his Department's annual accounts are currently done on a full accrual accounting system; and if not, if there is a timescale for the implementation of such an accounting system. [23364/02]

Minister for the Environment and Local Government (Mr. Cullen): Information on Martin Cullen Zoom on Martin Cullen In common with all Departments, my Department is statutorily required, to prepare an account which is referred to as the appropriation account. The appropriation account must provide details of actual payments made and receipts brought to account, and it is, therefore, prepared principally on a cash basis. Certain additional information is provided as follows: information on closing accruals showing the net position at year end in relation to accrued expenses, accrued income, deferred income and prepayments; an operating cost statement; a statement of assets and liabilities with explanatory notes regarding capital assets, assets under development, and net liability to the Exchequer; a global figure for commitments likely to materialise in the following year on grant and procurement subheads; and a table showing legally enforceable multi-annual capital commitments.

My Department is in the process of implementing a management information framework under the Strategic Management Initiative. As part of this initiative, a new financial manage[325] ment system is being procured and should be implemented early in 2004. This system will have a dual reporting capability for both cash and accruals accounting.


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