Section B – The Financial Framework - Government Accounting

B1.2 – Government Expenditure
to be explained. In the case of extra remuneration, entries
under the various categories in the table provided with the
Appropriation Account would include those receiving less than
€10,000 provided that, overall, more than €10,000 was paid in
the category. Similarly, in the case of interest payments under
the Late Payment in Commercial Transactions Regulations of
2002 (which amended Sections 4–11 of the Prompt Payment of
Accounts Act, 1997), a note should be supplied (1) where the
total of individual interest payments is €10,000 or greater; or
(2) where an individual payment was €10,000 or more.
20. A copy of the account of each grant-in-aid fund (see Section
C3) should also be appended to the Appropriation Account of
the Vote from which the grant-in-aid was paid. In certain cases,
Departments also attach a copy of the accounts of non-voted
funds under their control.
21.An example of an Appropriation Account (of the Vote for the
Office of the Minister for Finance) is given in Appendix 3 of
this Section. Department of Finance Circulars and Letters
relevant to the preparation of Appropriation Accounts are listed
in Appendix 5 of this section under the heading ‘Department of
Public Finance Circulars and Letters on the Appropriation
Accounts’.
See also paragraph 11 above on Appropriation Accounts
and paragraphs 24-25 below on Assets Registers.
Asset Management
22.In general, assets in this context include all durable physical
commodities, whether obtained by development, construction
or acquisition, such as real property (land, buildings and works
such as harbours, runways and parks), equipment (machinery,
furniture and furnishings, computers, instruments, etc) and
stores. The effective planning for the acquisition, safeguarding,
use, maintenance and eventual disposal of assets is one of the
PFP 11/08