IATA CODE SIN,SINGAPORE, Living in the City of SIN.
Showing posts with label Savings Money for the City Of Singapore. Show all posts
Showing posts with label Savings Money for the City Of Singapore. Show all posts

Friday, July 25, 2008

The Auditor-General Report-Saving Sinscity.

The Report 2007/8 highlighted under utilisation,losses from expected rental revenues, generous interpretations of manuals by all to support acts or omissions of management ,delays in annual reports,financial papers to Parliament. Well ran-Singapore expected minor lapses. The Defence,s DSTA agency procurement needs to be tighten to prevent bribery by subcontractor. The access rights to computing in various agencies and statutory boards did not terminate immediately with the users who left the departments or areas of use on need to basis. Rental arrears in the millions and the tenancy non payment and repossessing premises need to be refined. Capitol Theatre and Catholic High School building,was revamped as a arts venue and later rejected by STB as not viable,and the latter as art gallery for local artist was whitewashed, and returned to SLA, the landlord. The IPTO were unable to liquidate a co-operative,not paid dividends and hope to end its 136 members backlog,after 28 years. The WDA disburse funds well ahead of time to its partners $16 millions unused of $25.51 projected to be distributed,thus 'opportunity cost of interest lost'. It was discovered in 2002 to 2006, Singapore Discovery Centre awarded $15 million to named contractor and company with same director-cum-major shareholder, 14 contracts were thought to be irregular and referred to police. It has since changed way on the integrity of procurement and payment process.Good for The Auditor-General to save Sinscity from losses and inefficient ways.Clean and Green,the way for SinsCity.Reports from News Today.