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AGO: Nparks had no system to track assets. WTF? More PAP meritocracy?
An honorable member of the Coffee Shop Has Just Posted the Following:
No System to Track Assets During the audit of the project for the development of the Gardens by the Bay, AGO observed that NParks did not have a system to monitor and recover money due from its consultants and contractors for the procurement of information management services. NParks also did not have a system to track the location of its high value landscaping materials and plants located at the Gardens by the Bay. For proper management and accountability of public funds, it is important for NParks to put in place a system to track its assets. No System to Monitor and Recover Money Due from Consultants and Contractors NParks did not have a system to monitor and recover money due from its consultants and contractors for the procurement of information management services. The costs of the services were to be shared among NParks, its consultants and contractors. NParks was not able to ascertain whether a total of $199,800, which NParks had paid on behalf of its consultants and contractors three to five and a half years earlier (as at June 2014), had been recovered from the relevant parties. For proper management and accountability of public funds, it is important for NParks to put in place a system to monitor and recover money due from its consultants and contractors. Part II: Audit of Statutory Boards . NParks informed AGO that it would put in place a system to track and recover money due. It had also sought clarification from its consultants and contractors on the outstanding amounts. All outstanding amounts have since been recovered. Click here to view the whole thread at www.sammyboy.com. |
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