Sunday, January 16, 2011

Town Coucil Wasting Public Fund

Recently in my HDB estate contractors have hacked away the base structures supporting the letter boxes. I thought there is a relocation exercise of all letter boxes in the estate. But it is not the case, the letter boxes are only temporary transferred to another brick based structure. They will be located back to the original location.

Is this not a wasteful exercise ? The existing base structures are in perfectly good condition. Building materials and resources are wasted in constructing the temporary bases and then erecting new ones.

I do not know if the same exercise is carried out in other HDB estates. What is the reason for the wasteful exercise ? I heard that they have excess budget and wanted to use it up. I know such things happen both in private and government sectors. They normally overbuget and when there is excess budget at the end of the year, they would try to use it up. If not they have to provide an explanation and would have their budget reduce for the next year. The only difference is some use it wisely, while others, like what the Town Council wasted building materials and resources.

Is it not enough that they lost a substantial sum of money in investment products, which they have no business to be involved in, since their core function is estate management ? Now they are wasting public funds in non value added project.

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