Sammyboy RSS Feed
18-08-2015, 12:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
The following is a statement issued by the Aljunied-Hougang-Punggol East Town Council (AHPETC) in response to what Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in parliament on Monday.
AHPETC ABLE TO FULFILL SINKING FUNDS OBLIGATIONS WITH GRANTS.
We refer to the parliamentary debate during question time on 17 August 2015 on the Auditor-General’s Office annual audit for FY 14/15 of government departments and statutory boards.
During the debate, Aljunied-Hougang-Punggol East Town Council (AHPETC) was mentioned. DPM Tharman Shanmugaratnam claimed that even if the operating grant withheld by the Ministry of National Development (MND) for FY 14/15 is paid in its entirety into AHPETC’s Sinking Funds, it would not be sufficient to comply with AHPETC’s sinking fund obligations for the financial year.
This is incorrect.
Despite the withholding of the annual operating grant for FY 14/15 from AHPETC since April 2014, AHPETC has, to date, fully made 3 quarterly transfers for FY 14/15, from its operating funds to sinking funds, as follows:
The total amount of monies to be transferred to Sinking Funds for FY 14/15 is $20.05 m.
Transfers made to date for FY 14/15:
http://www.theonlinecitizen.com/2015...g-fund-ahpetc/ (http://www.theonlinecitizen.com/2015/08/dpm-tharman-is-wrong-about-sinking-fund-ahpetc/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?213073-AHPETC-accounts-Now-Tharman-cocks-it-up-in-parliament!&goto=newpost).
The following is a statement issued by the Aljunied-Hougang-Punggol East Town Council (AHPETC) in response to what Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in parliament on Monday.
AHPETC ABLE TO FULFILL SINKING FUNDS OBLIGATIONS WITH GRANTS.
We refer to the parliamentary debate during question time on 17 August 2015 on the Auditor-General’s Office annual audit for FY 14/15 of government departments and statutory boards.
During the debate, Aljunied-Hougang-Punggol East Town Council (AHPETC) was mentioned. DPM Tharman Shanmugaratnam claimed that even if the operating grant withheld by the Ministry of National Development (MND) for FY 14/15 is paid in its entirety into AHPETC’s Sinking Funds, it would not be sufficient to comply with AHPETC’s sinking fund obligations for the financial year.
This is incorrect.
Despite the withholding of the annual operating grant for FY 14/15 from AHPETC since April 2014, AHPETC has, to date, fully made 3 quarterly transfers for FY 14/15, from its operating funds to sinking funds, as follows:
The total amount of monies to be transferred to Sinking Funds for FY 14/15 is $20.05 m.
Transfers made to date for FY 14/15:
http://www.theonlinecitizen.com/2015...g-fund-ahpetc/ (http://www.theonlinecitizen.com/2015/08/dpm-tharman-is-wrong-about-sinking-fund-ahpetc/)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?213073-AHPETC-accounts-Now-Tharman-cocks-it-up-in-parliament!&goto=newpost).