What AG’s report says on Selangor

(Harakah Daily) – Overall, the Selangor state government received a ‘satisfactory’ rating from the Auditor General for its financial position ending 2010.

The state’s consolidated revenue increased by RM266.91 million or 20.2 percent, from RM1,319.97 million in 2009 to RM1,586.88 million in 2010. This is despite it registering a 10.9 percent or RM192.36 million drop to RM1,571.50 million in state’s revenue last year (RM1,763.86 million in 2009).

“The operating expenditure has also decreased by RM382.56 million or (20.9 percent) to RM1,447.26 million in 2010 compared to RM1,829.82 million in 2009,” reads the AG’s report.

The state government received praised for reduction in revenue arrears by RM99.87 million or 16.6 percent, from RM601.92 million in 2009 to RM502.05 million in 2010.

The AG however rates the state’s long-term investment as ‘unsatisfactory’ due to very low dividend returns over the past five years, from 2006 to 2009, with no dividend recorded in 2010.

In the development category, the AG notes that the state government completed 64.5 percent or 927 self-funded projects listed under the Nineth Malaysia Plan.

“Although the expenditure achievement for 9th Malaysia Plan for 5 years from 2006 to 2010 has reached 92.1 percent, there are only 1,108 (77.1 percent) from 1,437 approved projects which are completed or implemented,” it notes.

The report rates as ‘very good’ the financial management for four state agencies, namely the state treasury, Ampang Jaya Municipal Council, Selayang Municipal Council, and Urban and Rural Planning department.

According to the report, 11 agencies are ‘good’ and one agency is ‘satisfactory’. This, it adds, is better compared to 2009 as only one agency was listed as ‘very good’, 14 as ‘good’ and one satisfactory.