Town Council Management Report (TCMR) for period April 2014 to March 2015.
AHPETC continues to score RED for corporate governance (for the 3rd consecutive year) and S&CC arrears (for the 4th consecutive year).
In May this year, Sylvia Lim told the court that AHPETC had enough funds to last until JUNE 2015.
The town council also had a dispute with FMSS over $3.5million owed to FMSS which, just before the general election, was withheld.
The judgement of the Appeal Court on the appointment of independent accountant to the WP-run town council also required the town council to make all necessary Sinking Fund transfers within 3 months from 27 November 2015.
It remains to be seen whether the town council will be able to meet all of its obligations to residents in estate management and cleanliness in this current financial year.
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=6994&category=Press+Release&year=2015&RA1&RA2&RA3
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