29.07.2009 - Temasek: Residents call for greater transparency by Town Councils over use of sinking funds
From Temasekreview.com: In a recent dialogue on town council finance management organized by the Ministry of National Development, residents called on the town councils to be more transparent over the way the sinking funds are used. Each town council has a sinking fund accumulated from the monthly S&C charges paid by residents. It is meant for long-term maintenance projects.........Full Article: Source