Sunday, 30 August 2015

AHPETC Releases Town Council Financial Report for 2014/2015

After much delay and under threat by Singapore Court, the Workers' Party finally submits Aljunied-Hougang-Punggol East Town Council (AHPETC) financial report for FY2014/2015 on time.

ahpetc financial report 2014 2015

I must say that on the surface, I am certainly very impressed and happy that AHPETC, since taking over the running of the TC from FMSS (their previous MA), is able to announce a surplus for their account.

It however makes me wonder if AHPETC had taken over earlier, would they not have avoided the deficit for the first 3 years. As a matter of curiosity, since the account seems to be in order, why did AHPETC not allow the Independent auditor (IA) to help them? My only guess would be to politicize the issue and make them appear as the underdog for Singapore General Election 2015.

But overall, I am just glad that both MND and the TC feel they are duty bound to ensure that public funds are dutifully utilized.

But then again, with the Workers' Party, one can never know ...

SG Bumiputra

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