# Aljunied-Hougang Town Council’s FY2015 Financial Statements

- **Source:** Ministry of National Development
- **Published:** 2017-04-12T02:27:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/aljunied-hougang-town-council-s-fy2015-financial-statements-1
- **Topics:** Market Updates

## Featured rationale

The repeated qualifications and statutory non-compliances signal persistent financial-governance issues that could affect confidence in the Town Council’s management of estate funds.

## AI summary

AHTC’s FY2015 financial statements were finalised on 5 April 2017 after two amendments and received qualified opinions for a fifth consecutive year.

## Original article

MND has presented Aljunied-Hougang Town Council (AHTC)’s audited financial statements for FY2015 (for financial year ending March 2016) to Parliament, as required by law. 

AHTC had earlier submitted its FY2015 audited financial statements on 24 February 2017, almost six months after the submission deadline of 31 August 2016 for all Town Councils. As there were several reporting discrepancies in the statements, MND wrote to AHTC to have them rectified. After two rounds of amendments, AHTC submitted its finalised FY2015 audited financial statements on 5 April 2017. 

This is the fifth consecutive year that AHTC’s financial statements have been qualified by the Town Council’s external auditor. This year, the auditor has issued disclaimers in the areas of the Town Council’s opening balances, conservancy and service fees received in advance, payables and accrued expenses, as well as staff costs.

In addition, as with AHTC’s audited financial statements for FY2014, the auditor flagged several instances of non-compliances with the Town Councils Act and Town Councils Financial Rules. A summary of the Town Council’s contraventions for FY2015 is in the Annex.

## Chinese translation

> Translation model: grok_cli

### 阿裕尼—后港市镇理事会2015财年财务报表

国家发展部已按法律规定，向国会提交阿裕尼—后港市镇理事会（AHTC）经审计的2015财年（截至2016年3月的财政年度）财务报表。

AHTC较早前于2017年2月24日提交其2015财年经审计财务报表，较所有市镇理事会2016年8月31日的提交截止日期晚了近六个月。由于报表存在多处报告差异，国家发展部致函AHTC要求其予以更正。经过两轮修订后，AHTC于2017年4月5日提交了最终定稿的2015财年经审计财务报表。

这是AHTC财务报表连续第五年被市镇理事会外部审计师出具保留意见。今年，审计师就市镇理事会的期初余额、预收的杂费与服务费、应付账款与应计费用，以及员工成本等领域发出了无法表示意见的声明。

此外，与AHTC 2014财年经审计财务报表一样，审计师指出若干不符合《市镇理事会法令》及《市镇理事会财务规则》的情况。AHTC 2015财年违规事项摘要载于附件。