Dear WP Chief MP Low,
This is a very serious case to voters at PE SMC and whole Singapore.
Prevarication must knock down to bring out the truth so voters can decide 0911.
we cannot let this prevarication get away scot free.
No evidence, no clarification, GE days are near over.
Also the sinking fund must be made know to the voters, voters don't understand what are sinking fund monies !
Hurry up WP, it's time. Thank you .
http://www.***banned***.com/2015/09/no-evidence-to-support-charles-chongs-claims-of-1m-surplus-wp/
Workers’ Party has issued a statement to refute claims by PAP candidate for Punggol East, Charles Chong, that there was a “S$1 million surplus in the account of the town council when it was handed over to the WP in 2013 after the by-election.
The WP says there is no supporting evidence for Mr Chong’s claims.
The WP says that Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.
The party also stated that Mr Teo Chee Hean’s comment on 7 September to say that Pasir Ris-Punggol TC had handed over $22.5 million to AHPETC is irrelevant and misleading as Mr Teo is referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.
Workers’ Party’s full statement on the matter
On 6 September 2015, Dr Ng Eng Hen said that the PAP would issue a “definitive clarification” in response to WP’s question posed at the rally on 5 September 2015. To date, we have not received any clarification.
We wish to put on record the following matters.
On 28 August 2015, the PAP candidate for Punggol East SMC, Mr Charles Chong, stated in LianHe ZaoBao:
“After the 2013 Punggol East By-election, Punggol East SMC was carved out of Pasir Ris-Punggol Town Council and merged into Aljunied-Hougang-Punggol East Town Council. At that time, the Town Council had approximately one million dollars of surplus, and Aljunied Town Council in 2011 also had over $3 million dollars in surplus. Today, the whole of AHPETC’s financial situation has deteriorated”.
We have seen no supporting evidence for Mr Chong’s claim that there was a surplus of $1 million in the accounts of Punggol East SMC at the point of merger into AHPETC. Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.
Similarly, it is irrelevant and misleading for DPM Teo Chee Hean to say that Pasir Ris-Punggol TC (PRPGTC) handed over $22.5 million to AHPETC, when he is actually referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.
Sinking Fund monies are not relevant when discussing operating surpluses or deficits of Town Councils as Sinking Fund monies are locked away for Sinking Fund expenditures, and cannot be used for Operating Fund expenditures. Town Councils’ bottom line figures comprise of monies in its Operating Fund only.
For the public’s information, when Hougang SMC was merged with Aljunied GRC to form Aljunied-Hougang Town in 2011, Hougang Town Council transferred $22.5 million to AHTC’s Sinking Fund as well.
We attach a summary of AHPETC’s Sinking Fund information for the public’s reference. (Please click here for the attachment)
sinking fund
This is a very serious case to voters at PE SMC and whole Singapore.
Prevarication must knock down to bring out the truth so voters can decide 0911.
we cannot let this prevarication get away scot free.
No evidence, no clarification, GE days are near over.
Also the sinking fund must be made know to the voters, voters don't understand what are sinking fund monies !
Hurry up WP, it's time. Thank you .
http://www.***banned***.com/2015/09/no-evidence-to-support-charles-chongs-claims-of-1m-surplus-wp/
Workers’ Party has issued a statement to refute claims by PAP candidate for Punggol East, Charles Chong, that there was a “S$1 million surplus in the account of the town council when it was handed over to the WP in 2013 after the by-election.
The WP says there is no supporting evidence for Mr Chong’s claims.
The WP says that Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.
The party also stated that Mr Teo Chee Hean’s comment on 7 September to say that Pasir Ris-Punggol TC had handed over $22.5 million to AHPETC is irrelevant and misleading as Mr Teo is referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.
Workers’ Party’s full statement on the matter
On 6 September 2015, Dr Ng Eng Hen said that the PAP would issue a “definitive clarification” in response to WP’s question posed at the rally on 5 September 2015. To date, we have not received any clarification.
We wish to put on record the following matters.
On 28 August 2015, the PAP candidate for Punggol East SMC, Mr Charles Chong, stated in LianHe ZaoBao:
“After the 2013 Punggol East By-election, Punggol East SMC was carved out of Pasir Ris-Punggol Town Council and merged into Aljunied-Hougang-Punggol East Town Council. At that time, the Town Council had approximately one million dollars of surplus, and Aljunied Town Council in 2011 also had over $3 million dollars in surplus. Today, the whole of AHPETC’s financial situation has deteriorated”.
We have seen no supporting evidence for Mr Chong’s claim that there was a surplus of $1 million in the accounts of Punggol East SMC at the point of merger into AHPETC. Mr Chong’s statement is misleading and AHPETC is obliged to set the record straight.
Similarly, it is irrelevant and misleading for DPM Teo Chee Hean to say that Pasir Ris-Punggol TC (PRPGTC) handed over $22.5 million to AHPETC, when he is actually referring to the Sinking Fund transferred to AHPETC after the 2013 Punggol East By-Election.
Sinking Fund monies are not relevant when discussing operating surpluses or deficits of Town Councils as Sinking Fund monies are locked away for Sinking Fund expenditures, and cannot be used for Operating Fund expenditures. Town Councils’ bottom line figures comprise of monies in its Operating Fund only.
For the public’s information, when Hougang SMC was merged with Aljunied GRC to form Aljunied-Hougang Town in 2011, Hougang Town Council transferred $22.5 million to AHTC’s Sinking Fund as well.
We attach a summary of AHPETC’s Sinking Fund information for the public’s reference. (Please click here for the attachment)
sinking fund
