AHPeTC had made an "unusual request" for all of the Service and Conservancy Charges (S&CC) operating grants from the National Development Ministry to go into its sinking fund.
Essentially what they are doing is to conceal or hide the hole they have created in AHPeTC by shifting that hole to a less visible place, less visible to the layman.
That less visible place is the operating fund.
MND grants are meant to be split between the sinking and operating funds of all town councils.
By transferring all of the grants to the sinking fund and leaving very little left for day-to-day operation, Sylvia Lim and AHPeTC attempts to give the impression that they have complied with the Town Council Act on sinking fund.
MND was prepared to consider their request if AHPeTC will provide information on their cash flow. This was to ensure that delivery of essential services to residents was not compromised.
HOWEVER, AHPeTC did not answer. Why did AHPeTC not answer to a very reasonable request? Why are the curtains heavily drawn without any visibility?
By transferring all of the grants to the sinking fund and leaving very little left for day-to-day operation, Sylvia Lim and AHPeTC attempts to give the impression that they have complied with the Town Council Act on sinking fund.
MND was prepared to consider their request if AHPeTC will provide information on their cash flow. This was to ensure that delivery of essential services to residents was not compromised.
HOWEVER, AHPeTC did not answer. Why did AHPeTC not answer to a very reasonable request? Why are the curtains heavily drawn without any visibility?
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