Will WP or their supporters explain and account for these pls? You wont rt? You have not answered any questions or said anything to address this issue directly. Its all about deflecting and accusing the Govt and the PAP of trying to fix WP. Numbers dont lie. Moneys in the bank accts dont lie. You WP and their supporters do! I read in Zaobao that Mr Low Thia Khiang says there is no need to worry about arrears. This is the same problem that he had in Hougang. He says, don’t worry residents will pay up. Take the compassionate approach, give them time. In the meantime, it is business as usual. But that’s not how he solved the problem in Hougang! He solved it by taking the fat cow of Aljunied, and slaughtering it to feed the big hole in his own ward. Before merging with Hougang, Aljunied had $3.3 million surplus – within two years, it had a deficit of $734,000..... The Workers’ Party says there are “takeover issues”. I understand the politics (I don’t really follow politics but I understand that there are political arguments), but as an accountant, I want to ask: 1. Why are the S&CC collections so bad? The other opposition run town councils do not have this problem. And why did the numbers drop so badly after the merger with Hougang? Is it because Aljunied is plugging the leak in Hougang? 2. Your surpluses have dropped from plus $3.3 million to minus $734,000. Why did this happen? Did the town council lose $4 million in two years? Why didn’t they pay into the sinking funds? 3. What are the processes in place for arrears? I am ok with people in difficulty getting some slack, but surely this cannot be 16,000 households! It’s not fair that 39,000 of us are taking care of these 16,000 – and not getting any information about why they don’t have to pay. Does the Town Council have some kind of welfare committee that assesses these people? Or they just don’t care who doesn’t pay?.... 1. The WP town council is managed by FM Solutions and Services (FMSS), a company set up four days after the WP won Aljunied in the 2011 elections. FMSS is the “managing agent” (MA) and is owned by a husband and wife team, both strong supporters of WP 2. The town council has given away more than $26 million in contracts to them - $5.2 million without a tender. This MA is paid 50% more than PAP town councils – and this year, the rates might hit 70% more. So they pay more but they are very bad at collection in S&CC. 3. During the debate in Parliament, you, the chairman of the town council explained the managing agent rates. Her estimate of the MA rate for FY2012 was $7.58 (more than 50% higher than the Tampines rate of $4.99). At $7.58, the MA contract value for the whole estate for 3 years is $15.8 million. But Ms Lim, you had declared to HDB that the contract value was $16.8 million. Accounting is difficult. But accountability is simple. You can’t take money in Aljunied and use it to cover the hole in Hougang. Who is going to cover Aljunied next year?
Posted on: Wed, 12 Nov 2014 04:17:32 +0000
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