WE REFER to Mr Thomas Tan's letter on Tuesday, 'Conservancy
charges: Bite bullet, raise them'. The financial status of East
Coast, Holland-Bukit Panjang and Tanjong Pagar town councils is
healthy.
In the financial year 2008-2009, East Coast, Holland-Bukit
Panjang and Tanjong Pagar town councils achieved healthy
accumulated surpluses. Our total funds stood at $82.7 million,
$96.16 million and $166.28 million respectively.
The three separate accounts for the maintenance of HDB estates,
which Mr Tan referred to, are funds established according to the
various types of properties, namely residential, commercial and
carpark, within the operating fund.
This is for the presentation of the accounts in accordance with
the Town Councils Act. Under the Act, town councils can make good
any deficit in the funds by making transfer between funds while the
total operating funds remain positive.
East Coast and Tanjong Pagar town councils did just that. For
the town improvement project funds, they are set up by transferring
from the accumulated operating surplus to fund specific town
improvement projects.
In the respective town council websites, the audited accounts
for the past financial year presented to residents show the
following:
A comprehensive cyclical work programme is also put in place to
upkeep the conditions of building components and
infrastructure.
Albert Teng
General Manager/Secretary
Holland-Bukit Panjang Town Council
Simon Koh
General Manager/Secretary
Tanjong Pagar Town Council
Sasidharan Nair
General Manager/Secretary
East Coast Town Council