Read through AGO’s full report to 'have a better understanding of the issues': Sylvia Lim

Read through AGO’s full report to 'have a better understanding of the issues': Sylvia Lim
Workers' Party, Chairman Ms. Sylvia Lim. TODAY file photo
Published: 8:19 PM, February 9, 2015
Updated: 8:24 PM, February 9, 2015

SINGAPORE — The lapses flagged in the Workers’ Party’s running of Aljunied-Houngang-Punggol East Town Council (AHPETC) will be addressed when Parliament sits on Thursday (Feb 12), said the town council’s chairman Sylvia Lim.

In the meantime, she urged members of the public to “look beyond the headlines and the summaries” and pore through the details of the AGO’s report to “have a better understanding of the issues”.

“I think it’s better for people to go in with an open mind, rather than me trying to preempt certain matters,” said Ms Lim, who was speaking to reporters at her Meet-the-People session this evening (Feb 9), hours after the AGO made public its audit findings on AHPETC’s accounts for FY2012-13. The AGO was directed by Finance Minister Tharman Shanmugaratnam to carry out the audit after independent auditors said they were unable to express an opinion on the town council’s financial statements for the second straight year.

Ms Lim, who is Workers’ Party chairman, added: “I would prefer if people read (the report) in totality and I think from there, they will get a much better picture of what’s happening.”

In its report made public at 4pm today, the AGO had listed lapses in governance and compliance by AHPETC, including failing to transfer monies into sinking fund bank accounts, as required by the Town Councils Financial Rules. AHPETC was also found to have inadequately managed conflicts of interest when it came to procuring services, the AGO said.

For the full report, click here