Dáil Éireann Debate, Wednesday - 15 November 2023
126. Deputy Robert Troy asked the Minister for Children, Equality, Disability, Integration and Youth if there are any plans to allow small early years services to furnish the Department with financial records from the previous year as a means to ease financial strain related to soliciting accountant services. [50089/23]
View answerCore Funding, which began in September 2022, is a grant to Early Learning and Care (ELC) and/or School Age Childcare (SAC) providers towards their operating costs. Its primary purpose is to improve pay and conditions in the sector as a whole and improve affordability for parents as well as ensuring a stable income to providers.
All Partner Services that had an active Core Funding Contract during the 2022/2023 Programme Year must provide validated Financial Returns.
Core Funding payments to providers must run on a programme year, September-August, in line with the school year, the operation of the Early Learning and Care (ELC) and School-Age Childcare (SAC) sector, and the payments made to providers under the other DCEDIY schemes. Therefore, the financial returns cover the period from 1st September 2022 to 31st August 2023 and must be submitted by an accountant from a registered practice or a registered professional body (ACA, ACAA, CPA, and CIMA), on behalf of each Partner Service. My Department is not requesting audited accounts.
To facilitate these reporting requirements, my Department has worked collaboratively with an external consultant to finalise the nominal codes for the Core Funding Chart of Accounts and develop the Core Funding Financial Reporting template and associated financial management tool.
My Department acknowledges the increase in administration for providers with the introduction of new schemes such as the NCS and Core Funding. I have allocated €32.13 million for administration under Core Funding in year two, and €35.34m for the third year of the scheme.
In addition a number of targeted supports are being considered by my Department to enable Core Funding Partner Services to comply with the financial reporting requirement.
In any instances where a service is experiencing financial difficulty, they can reach out to their local City/County Childcare Committee and avail of Case Management Supports. This can include operational supports as well as financial supports through Sustainability Funding if deemed appropriate.
