Thank you, John Watson [ KMN, February 1].
Mr Watson’s actions as an unofficial community watchdog and campaigner for local government openness and transparency, has again identified that all is not well at PCC.
In the council annual report 2009/10, Smartlinx3 is valued at book value of $265,000 at a time when there was ample information in the public forum that viability of this entity was questionable – a bit remiss by PCC not to seek a revaluation unlike its other investment partners whose holding values were substantially reduced – it should be of concern to readers that no annual financial accounts for this entity have been made public or appear to have been presented to our elected representatives since PCC made its initial investment in this business some years previously.
Of greater concern, there is no evidence this information has ever been sought by councillors or the investment value in the accounts having been scrutinised by them.
It’s no wonder PCC is unable to decide whether the recent $4.1