Un­of­fi­cial watchdog

Kapi-Mana News - - OPINION -

Edi­tor,

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

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