# Town Councils’ Publication of Financial Statements

- **Source:** Ministry of National Development
- **Published:** 2016-10-22T03:00:00.000Z
- **Author:** Ministry of National Development
- **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/town-councils-publication-of-financial-statements
- **Topics:** Government & Policy

## Featured rationale

The results signal broadly sound municipal financial governance, while unresolved inter-council accounts may affect confidence in the administration of specific public housing estates.

## AI summary

All Town Councils except Aljunied-Hougang submitted FY15/16 audited statements, while its delay caused Pasir Ris-Punggol’s qualified report; the other 14 received unqualified reports.

## Original article

Town Councils (TCs) are required by law to submit their audited financial statements to the Minister for National Development, for presentation to Parliament.

All the TCs, except for Aljunied-Hougang Town Council (AHTC), have submitted their audited FY15/16 financial statements and these have been presented to Parliament. AHTC has earlier written to MND on 12 August 2016, requesting a time extension to submit its FY15/16 financial statements as it still has outstanding issues to resolve with its auditor. MND has asked AHTC to indicate a timeframe for the completion of its FY15/16 audit and is awaiting the TC’s response.

The delay by AHTC in its financial statements has also impacted Pasir Ris-Punggol Town Council (PRPTC), which received a qualification on its financial statements. According to PRPTC’s auditor, the report was qualified solely because it was not able to confirm the accuracy of the amounts due from AHTC for the Punggol East Single Member Constituency (PE SMC). Aside from this matter, PRPTC had no audit observations with regard to the rest of the PRPTC accounts. The other 14 TCs received unqualified reports for their FY15/16 financial statements.

MND will subsequently be publishing the TCs’ Corporate Governance Checklists for FY15/16 on our http://www.towncouncils.sg website.

## Chinese translation

> Translation model: grok_cli

### 市镇会财务报表的公布

市镇会（TC）依法须向国家发展部部长提交经审计的财务报表，以便提呈国会。

除阿裕尼—后港市镇会（AHTC）外，所有市镇会均已提交经审计的2015/16财政年度财务报表，并已提呈国会。AHTC较早前于2016年8月12日致函国家发展部（MND），请求延长提交其2015/16财政年度财务报表的期限，因仍有未决事项需与审计师解决。MND已要求AHTC说明完成2015/16财政年度审计的时间表，并正等候该市镇会回复。

AHTC在财务报表方面的延误也影响了巴西立—榜鹅市镇会（PRPTC），使其财务报表被出具保留意见。据PRPTC审计师表示，报告被出具保留意见，完全是因为无法确认来自AHTC、涉及榜鹅东单选区（PE SMC）的应收款项金额是否准确。除此事项外，PRPTC其余账目并无审计意见。其余14个市镇会的2015/16财政年度财务报表均获无保留意见报告。

MND随后将在我们的http://www.towncouncils.sg网站上公布各市镇会2015/16财政年度的公司治理核对清单。