OPW TCC (PDF)
OPW's Accounts Branch is responsible for:
Generally Accounts Branch process
In addition, it managed voted and non-voted expenditure totalling €681m, receipts of €121m and €33.3m in Local Loans repayments.
Financial processes unique to the Office of Public Works:
Non-Voted Agency Accounts
* OPW acts as an agent for other Government Departments and Agencies in the provision of accommodation, maintenance and major construction projects. In these situations. OPW pays the service provider and is reimbursed by the principal Department either by means of advance imprests or by billing them after the event.
* Where OPW is paid after the event, there is a three stage "bill and collect" process involved: 1.OPW pays invoice/cert received from contractor for works/maintenance etc. 2. OPW issues bill to relevant principal Department. 3.OPW receives payment from principal Department.
* These accounts are known as Non-Voted Accounts and involve expenditure of approximately €132m per annum.
*Out of a total of some 50,000 accounts operated by OPW, about 20,000 are Non-Voted accounts.
OPW also makes a large number of payments on foot of Architects Certificates in respect of construction projects. These have shorter prompt payment deadlines than invoices and can be for very large amounts - up to millions of euro.
Relevant Contracts Tax/ Professional Services Withholding Tax
Because of the high volume of construction type payments made by OPW, many of the payees require C47 Tax Clearance or are subject to RCT tax. Similarly there is a high volume of payments which are subject to professional fees tax.
Uniquely among Government Departments, OPW banks with the Central Bank of Ireland (rather than the Paymaster General's Office) issues cheques drawn on the Central Bank and carries out it's own cheque clearance and bank reconciliation.