Honorable WP Chief is right to say Punggol east ran a deficit when WP took over !

[Tiu Kwang Yew]

The answer is a straight forward one.

If there is no funding , there is really a deficit.

So physically, the accounts show the previous TC was running a deficit when WP took over .

People are talking about the deficit, not the funding, right ? Whether WP TC receives the funding or not is another issue all together .

If let say, some persons claimed the TC was running a surplus of , let say, close to one million, then who is right who is wrong is very obvious when the accounts show otherwise , right ?

To common people, surplus before funding and surplus after funding is a different thing. right?

Bone of contention is the accounts show there was a physical deficit, right ?

And even with , let say, $300k funding and the surplus was roundabout $20K, where is another $ 980,000?

The people believe the WP is asking about this $980,000. right ?

 

[Tiu Kwang Yew]

cunnilaubu


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Default Re: Instead of S$280,000 deficit as claimed by WP Low TK, Punggol East had a surplus



LTK was responding to CC's and TEH's claimed that there were close to $1m of surplus at the handover and said PE had subsidised AHPETC with that money.
Now ZS, who was the person certifying the last PAP accounts before the handover claims the surplus was $21K.
There is a difference of $900K. So LTK is right to question both CC and TEH "where is the money?".


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Today, 05:32 AM

 

[Tiu-leh-see-fart]

People think this is not about the accounts.

They believe WP chief is referring to virtue . WP chief did not make any defamatory remarks but just about the money.

Most people think WP Chief is right ask where is the money if there was a close to one million surplus.

Previous TC people have just confidently certified that the surplus was only indeed $21k after the funding.

So, WP chief is not wrong to ask where is the rest of the surplus ?

From the ground, WP chief has already won the chess with help of previous Punggol -east TC people