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As former Mayor, I am writing to request your attention and action regarding two critical matters that have been a cause for concern within our city administration for quite some time, since I took office in 2019 it was burden on my shoulders.
Firstly, I would like to draw your attention to the need for an updated and accurate fixed assets register. A comprehensive fixed assets register is crucial for effective financial management, as it provides a complete record of the city’s tangible assets, such as buildings, infrastructure, and equipment. It ensures transparency, accountability, and facilitates prudent decision-making regarding asset allocation and maintenance.
Regrettably, despite my repeated requests since taking office in 2019, the Town Clerk’s office has consistently made excuses for the delay in establishing and maintaining an up-to-date fixed assets register. Such excuses not only hinder the city’s ability to manage its assets effectively but also erode public trust and confidence in the administration which several letters were sent to the local government commission and LGC had done nothing to date about town clerk and other senior officers of Municipality of Georgetown on their failure to carry out the council’s decisions of such.
Secondly, I would like to address the issue of monthly financial statements. Timely and accurate financial reporting is essential for both internal management and external stakeholders. Monthly financial statements provide a snapshot of the city’s financial health, highlighting revenues, expenditures, and budgetary variances. They enable effective monitoring of financial performance, identification of potential issues, and prompt corrective actions, if required.
Therefore, I implore the Finance Committee to request that the Town Clerk’s office provide the monthly financial statements promptly and without further delay. It is imperative that the city council and its constituents have access to this vital information, allowing for informed decision-making and fostering a sense of trust and transparency within our community.
In conclusion, I urge the Finance Committee to take immediate action to address the issues of the fixed assets register and monthly financial statements. By doing so, you will demonstrate your commitment to transparency, accountability, and responsible financial management, which are the cornerstones of effective governance. Our city and its citizens deserve nothing less.
Sincerely,
Pt. Ubraj Narine, JP, COA
Former Mayor
City of Georgetown