"Implementing Participatory Social Accountability for Better Health Project" Grant no.: TF018162 Special purpose project financial statements for the period January 1st, 2018 to December 31 2018. and independent auditor's report Chisinau 2019 "Implementing Participatory Social Accountability for Better Health Project" Grant no.: TF-018162 TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT'S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE SPECIAL PURPOSE PROJECT FINANCIAL STATEMENTS 3 FOR THE PERIOD JANUARY lsT, 2018 TO DECEMBER 31, 2018. INDEPENDENT AUDITOR'S REPORT 4-6 SPECIAL PURPOSE PROJECT FINANCIAL STATEMENTS FOR THE PERIOD JANUARY IsT, 2018 TO DECEMBER 31, 2018: Summary of funds received 7 Summary of expenditures 8 Summary of SOE's 9 Statement of designated accounts 10 Statement of financial position 11 Notes to the special purpose project financial statements 12-19 STATEMENT OF MANAGEMENT'S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE SPECIAL PURPOSE PROJECT FINANCIAL STATEMENTS FOR THE PERIOD January 1t, 2018 to December 31, 2018 The following statement should be read in conjunction with the independent auditor's responsibilities stated in the independent auditor's report set out on pages 4-6. This statement is made with a view to distinguish the respective responsibilities of management and those of the independent auditors in relation to the special purpose project financial statements of "Implementing Participatory Social Accountability for Better Health Project", Grant no.: TF-018162 (the "Project"). Management is responsible for the preparation of the special purpose project financial statements that present fairly, in all material respects, cash proceeds and disbursements and uses of funds by project components of the Project for the period January 1st, 2018 to December 31, 2018 in accordance with International Public Sector Accounting Standard "Financial Reporting Under the Cash Basis of Accounting" (the "IPSAS") issued by the International Public Accounting Standards Board of the International Federation of Accountants and the World Bank's Financial Management Sector Board's "Guidelines: Annual Financial Reporting and Auditing for World Bank Financed Activities" (the "WB Guidelines"). In preparing the special purpose project financial statements, management is responsible for: * selecting suitable accounting policies and applying them consistently; * making judgments and estimates that are reasonable and prudent; * stating whether IPSAS and WB Guidelines have been followed, subject to any material departures disclosed and explained in the special purpose project financial statements; and * preparing the special purpose project financial statements on a going concern basis, unless it is inappropriate to presume that the Project will continue its activity for the foreseeable future. Management is also responsible for: * designing, implementing and maintaining effective and sound system of internal control and for revealing risks in system of internal control; * maintaining proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the Project, and which enable them to ensure that the special purpose project financial statements of the Project comply with IPSAS and WB Guidelines; * compliance with laws and regulations of the Republic of Moldova, accounting system of the Project and the requirements of the World Bank; * taking such steps as are reasonably available to them to safeguard the assets of the Project; and * detecting and preventing fraud and other irregularities. The special purpose project financial statements for the period January 1st, 2018 to December 31, 2018 were approved and authorized for issue on May 17, 2019 by the Management of the Project. On behalf of the Management: Stela Biv ergiutGher i Irecttr Directo FinalicdiIrector May 17, 2019 ---May 17, 2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova 3 bbakertilly 65 Stefan cel Mare gi Sfant Blvd 5' Floor, Office 507 2001 Chisinau Moldova T: +373 22 233003 F: +373 22 234044 info@bakertilly.md www.bakertilly.md INDEPENDENT AUDITOR'S REPORT To the Management of the "Implementing Participatory Social Accountability for Better Health Project" Report on the Special Purpose Project Financial Statements Opinion [1] We have audited the special purpose project financial statements of "Implementing Participatory Social Accountability for Better Health Project", (the "Project") which comprise the Summary of funds received, Summary of expenditures, Summary of SOE's, Statement of designated accounts and Statement of financial position for the period January 1st, 2018 to December 31, 2018, and a summary of significant accounting policies and other explanatory information (the "special purpose project financial statements"). [2] In our opinion, the accompanying special purpose project financial statements present fairly, in all material respects, cash proceeds and disbursements and uses of funds by project components of the Project for the period January 1st, 2018 to December 31, 2018 in accordance with International Public Sector Accounting Standard "Financial Reporting Under the Cash Basis of Accounting" (the "IPSAS") issued by the International Public Sector Accounting Standards Board of the International Federation of Accountants, and the World Bank's Financial Management Sector Board's "Guidelines: Annual Financial Reporting and Auditing for World Bank Financed Activities" (the "WB Guidelines"). Basis for opinion [3] We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Project in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the special purpose project financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of matter [4] Without qualifying our opinion, we draw attention to Note 2 to the special purpose project financial statements which describe the basis of accounting. These special purpose project financial statements were prepared for complying with the appropriate World Bank Guidelines and Grant agreement requirements, and therefore are not intended to be a complete presentation of the "Implementing Participatory Social Accountability for Better Health Project" (the "Project") operations. 4 Other matter [5] The special purpose project financial statements are prepared to assist the Project to comply with the requirements of the World Bank. As a result, the special purpose project financial statements may not be suitable for another purpose. Responsibilities of Management and Those Charged with Governance for the special purpose project financial statements [6] Management is responsible for the preparation and fair presentation of the special purpose project financial statements in accordance with International Public Sector Accounting Standard "Financial Reporting Under the Cash Basis of Accounting" (the "IPSAS") issued by the International Public Accounting Standards Board of the International Federation of Accountants, and the World Bank's Financial Management Sector Board's "Guidelines: Annual Financial Reporting and Auditing for World Bank Financed Activities" (the "WB Guidelines"), and for such internal control as management determines is necessary to enable the preparation of the special purpose project financial statements that are free from material misstatement, whether due to fraud or error. Auditor's responsibilities for the audit of the special purpose project financial statements [7] Our objectives are to obtain reasonable assurance about whether the special purpose project financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the special purpose project financial statements. As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the special purpose project financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Project's internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. * Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Project's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the special purpose project financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Project to cease to continue as a going concern. * Evaluate the overall presentation, structure and content of the special purpose project financial statements, including the disclosures, and whether the special purpose project financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 5 [8] We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. [9] We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. ICS Baker Tilly Klitou and Partners SRL Chisinau, Moldova May 17, 2019 BAKER TILLY i KLITOU C AND PARTNERS" 6 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) SUMMARY OF FUNDS RECEIVED FOR THE PERIOD JANUARY 1ST, 2018 TO DECEMBER 31, 2018 Note From January From April 29, Cumulative to st, 2018 to 2015 to date December 31, December 31, 2018 2017 Financing method / sources of financing: Grant No. TF-018162 Payment to Designated account 5 215,000 255,500 470,500 Direct payments - - - 215,000 255,500 470,500 On behalf of the Management: Stela Bi 1.d@Gher Direc anciq rector May 17, 2019 May 17, 2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova The notes on pages 12-19 form an integral part of the special purpose project financial statements. The Independent Auditor's Report is on pages 4-6. 7 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) SUMMARY OF EXPENDITURES FOR THE PERIOD JANUARY 1sT, 2018 TO DECEMBER 31,2018 From January From April 29, Note 10,2018 to 2015 to Cumulative to December December 31, date 2018 2017 Project expenses 6 COMPONENT 1: Promoting citizen monitoring of hospital performance 105,738 36,138 141,876 COMPONENT 2: Strengthening performance based incentive program in family medicine through social audits of primary healthcare institution 70,805 9,552 80,356 COMPONENT 3: Fostering an enabling environment for informed public dialogue in health 22,718 2,100 24,819 COMPONENT 4: Facilitating knowledge on social accountability exchange and learning uptake to enhance effectiveness of social accountability intervention and Project management 101,257 69,303 170,560 Total project expenses 300.518 117,093 417,611 On behalf of the Ma gement: Sela B 'ol r G_ Director 70ctrto May 17,2019 May 17, 2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova The notes on pages 12-19 form an integral part of the special purpose project financial statements. The Independent Auditor's Report is on pages 4-6. 8 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) SUMMARY OF STATEMENTS OF EXPENDITURE (SOE'S) FOR THE PERIOD JANUARY 1ST, 2018 TO DECEMBER 31, 2018. NR For the period Amount SOE 3 01.01.2018 - 31.12.2018 300,518 300,518 On behalf of the Man ement: Stela Bi Glednd Directo F ncia ector May 17,2019 May 17, 2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova The notes on pages 12-19 form an integral part of the special purpose project financial statements. The Independent Auditor's Report is on pages 4-6. 9 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) STATEMENT OF DESIGNATED ACCOUNTS FOR THE PERIOD JANUARY 1ST,2018 TO DECEMBER 31, 2018 Bank BC "Victoriabank Currency US Dollars MDL MD08VI0002251 MD19VI2251900 90000104013 00104013MDL Bank address 64, 31 August 1989 str., Chisinau, Moldova Description Note Total Balance as at January 11", 2018 138,407 Withdrawal application 215,000 - 215,000 Movements between accounts (USD and MDL) (300,510) 300,510 - Total funds received 52,897 300,510 215,000 The amount of eligible expenditures paid (8) (300,510) (300,518) Foreign exchange rate differences - Balance as at December 31, 2018 4 52,889-52,889 On behalf of the Managpment: Stela Bivo Director Fin cial Director May 17, 2019 May 17,2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova The notes on pages 12-19 form an integral part of the special purpose project financial statements. The Independent Auditor's Report is on pages 4-6. 10 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) Statement of financial position AS AT DECEMBER 31, 2018 Notes Cumulative to ASSETS date Cash and cash equivalents 4 52,889 52,889 Cumulative project expenditures 6 417,611 417,611 Other expenditures - - TOTAL ASSETS 470,500 470,500 FINANCING Grant received 5 470,500 470,500 Other sources - - TOTAL FINANCING 470,500 470,500 On behalf of the Ma nentc Stela Bivo rgiu herpao Director Fina tor May 17, 2019 May 17, 2019 Chisinau, Republic of Moldova Chisinau, Republic of Moldova The notes on pages 12-19 form an integral part of the special purpose project financial statements. The Independent Auditor's Report is on pages 4-6. 11 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) NOTES TO THE SPECIAL PURPOSE PROJECT FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1ST, 2018 TO DECEMBER 31, 2018 1. GENERAL INFORMATION According to the Agreement between the CENTER FOR HEALTH POLICIES AND STUDIES (the "PAS") and International BANK FOR RECONSTRUCTION AND DEVELOPMENT (the "Bank") dated November 19, 2014, the Bank provided a Grant No.TF018162 in the amount of 730,000 US Dollars to the Republic of Moldova. Project Development Objective The Grant is provided for execution of the project "Implementing Participatory Social Accountability for Better Health". Project Name: Implementing Participatory Social Accountability for Better Health Grant no.: TF-018162 FA signing Date: 19/11/2014 Closing Date: 30/09/2020 Grant Amount: USD 730,000 The objective of the Project is to inform users of health services in selected rayon about the performance, quality, and efficiency of hospitals and primary care clinics within a certain radius of their residence in order to improve service delivery. The Project consists of the following objectives: 1) Objective 1. To promote Citizen Monitoring of Hospital Performance based on developed participatory monitoring and evaluation tools; 2) Objective 2. To strengthen Performance - based Incentive Program in Family Medicine through Social Audits of Primary Healthcare Institution; 3) Objective 3. To create an Enabling Environment for Informed Public Dialogue in Health; 4) Objective 4. To facilitate Knowledge on social accountability exchange and Learning uptake to Enhance Effectiveness of Social Accountability Interventions 5) Project Management. Objective 1. Promoting Citizen Monitoring of Hospital Performance based on developed participatory monitoring and evaluation tools (a) Elaborate HPRC (Hospital Performance Report Card), in consultation with the partners, based on developed criteria for measuring performance, quality and efficiency within hospital institutions; (b) Conduct consensus building roundtables to discuss and agree on proposed HPRC methodology (c) Implement performance, quality and efficiency measurements based on number of defined indicators of public hospitals; (d) Conduct a round-table discussion on performance, quality and efficiency measurements results (e) Dissemination the HPRC results as part of policy experiment exercise on citizen's engagement in 9 rayons; (f) Conduct patient exit survey in 18 randomly selected rayons as part of policy experiment exercise on citizen's engagement (9 interventions and 9 control); (g) Conduct consensus building roundtables with Ministry of Health and CNAM on policy experiment results. 12 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) Objective 2. Strengthening Performance -based Incentive Program in Family Medicine through Social Audits of Primary Healthcare Institutions Provision of support to carry out: (a) Development of PHCPIA (Primary Healthcare Performance based Incentives Audits) tool in consultation with the partners, to assess the performance-based incentive program results implemented by CNAM and MOH; (b) Conduct consensus building roundtables to discuss and agree on proposed PHC-PIA methodology; (c) Implement PHC-PIA tool in selected institutions based on agreed methodology (second exercise is subject of policy changes); (d) Disseminate PHC information in 9 "treatment" rayon as part of the policy experiment exercise on citizen's engagement. Organize relevant policy dialogs and consensus building roundtables on PHC performance to discuss the obtained results and design policy corrective measures if needed. Objective 3. Creating an Enabling Environment for Informed Public Dialogue in Health Provision of support to carry out: (a) Conduct Public Opinion Polls (POP) on health services and reforms as part of Health System Development Strategy evaluation based on preliminary developed and agreed methodology; (b) Contribute to development of the next Health System Development Strategy Framework 2018-2027 based on achieved results; (c) Organize relevant policy dialogs on health reforms impact and sustainability and an annual conference to discuss the obtained results and design policy corrective measures if needed. Objective 4. Facilitating Knowledge and Learning to Enhance Effectiveness of Social Accountability Interventions and Provision of support to carry out: (a) Build/develop sustainable information-communication tools (accessible and understandable) to serve as a platform for disseminating and using health systems' data and project results; Promote, advocate and monitor that project results, achieved on social accountability tools, are effectively used by MOH, CNAM and other governmental institutions to complement formal M&E and to inform about policy process. Objective 5. Project Management (a) Management, monitoring and evaluation of Project activities, including audit of the Grant. Project Execution 1. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of: (a) Article II of the Standard Conditions; (b) The "Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants" dated October 15,2006 and revised in January 2011 ("Anti-Corruption Guidelines"); and (c) The Recipient has sole fiduciary responsibility under the Project, including for procurement and financial management. 2. The Recipient shall: (a) Ensure at all times during the implementation of the Project, that it maintains competent staff in adequate numbers and with terms and references satisfactory to the Bank, including a project manager, a financial specialist, a monitoring and evaluation specialist and procurement specialist; and (b) Implement the Project activities in coordination with relevant stakeholder and organizations, local and central government representatives, targeted communities. 13 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) Project Monitoring (a) The Recipient shall monitor and evaluate the progress of the Project Reports in accordance with the provision of Section 2.06 of the Standard Conditions and on the basis of indicators agreed with the World Bank and contained in the Results Framework and Monitoring, which may be amended from time to time with the World Bank's written no objection. Each Project Report shall cover the period of one calendar semester, and shall be furnished to the World Bank not later than one month after the end of the period covered by such report; and (b) The Recipient shall prepare the Completion Report in accordance with the provisions of Section 2.06 of the Standard Condition. The Completion Report shall be furnished to the World Bank not later than four months after the Closing Date. Financial Management (a) The Recipient shall ensure that interim unaudited financial reports for the Project are prepared and furnished to the World Bank not later than 45 days after the end of each calendar semester; and (b) The Recipient shall have its Financial Statements audited. PROCUREMENT All goods, works, non-consulting services required for the Project and to be financed out of the proceeds of the Grant shall be procured in accordance with the requirements set forth or referred to in the "Guidelines: Procurement of Goods, Works, and Non-Consulting Services under IBRD Loans and IDA Credits and Grants by World Bank Borrowers". Consultants' Services required for the Project and to be financed out of the proceeds of the Loan shall be procured in accordance with the requirements set forth or referred to in Section I and IV of the Consultant Guidelines. a. Particular Methods of Procurement of Goods, Works and Non-consulting services: i. National Competitive Bidding (NCB) ii. Shopping (SH) iii. Direct Contracting (DC) iv. International Competitive Bidding b. Particular methods of procurement of consultants' services The following methods, other than Quality and Cost-based Selection may be used for procurement of consultants' services for those assignments, which are specified in the Procurement Plan: i. Quality- and Cost-based Selection; ii. Least Cost Selection; iii. Selection under a Fixed Budget; iv. Selection based on Consultants' Qualifications; v. Single-source Selection of consulting firms; vi. Selection of Individual Consultants; and vii. Single-source procedures for the Selection of Individual Consultants. The Procurement Plan shall set forth those contracts which shall be subject to the Bank's Prior Review. All other contracts shall be subject to Post Review by the Bank. 14 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) 2. PRESENTATION OF THE SPECIAL PURPOSE PROJECT FINANCIAL STATEMENTS Basis of preparation These special purpose project financial statements have been prepared in accordance with the International Public Sector Accounting Standard (the "IPSAS") "Financial Reporting under the Cash Basis of Accounting" issued by the Public Sector Committee of the International Federation of Accountants, and incorporate the following principal accounting policies, which have been consistently followed in all material respects and comply with the World Bank's Financial Management Sector Board's "Guidelines: Annual Financial Reporting and Auditing for World Bank Financed Activities" (the "WB Guidelines"). Under the cash basis approach income (or expenditure) is recognized when cash is received (or paid) irrespective of when goods or services are received or provided. The Project's approved budget disclosed by categories of expenses is presented below: Category Description Amount of the Grant Allocated (USD) COMPONENT 1: Promoting citizen monitoring of hospital 236,750 performance COMPONENT 2: Strengthening performance based incentive program in family medicine through social audits of primary healthcare 155,810 institution COMPONENT 3: Fostering an enabling environment for informed 90025 public dialogue in health COMPONENT 4: Facilitating knowledge on social accountability exchange and learning uptake to enhance effectiveness of social 247,415 accountability intervention and Project management Total: 730,000 These special purpose project financial statements consist of: * Summary of funds received; * Summary of expenditures; * Summary of SOE's; * Statement of designated accounts; * Statement of financial position; * Significant accounting policies and other explanatory notes. The reporting currency of these special purpose project financial statements is US Dollars (the "USD"). 15 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash basis of accounting The special purpose project financial statements are prepared on a cash basis of accounting. The cash basis of accounting recognizes transactions and events only when cash (including cash equivalents) is received or paid by the Project. The special purpose project financial statements prepared under the cash basis provide readers with information about the sources of cash raised during the period, the purposes for which cash was used and the cash balances at the reporting date. The measurement focus in the special purpose project financial statements is balances of cash and changes therein. Foreign currency Project accounts are maintained and transactions are made in USD and Moldavian Leu (MDL). Transactions denominated in other currencies are translated into USD as follows: - Payments in MDL from designated accounts at the commercial bank BC Victoriabank SA are translated into USD at the conversion rate determined by the commercial bank on the date of transaction. - Direct payments in currencies other than USD are translated into the reporting currency at the conversion rate determined by the World Bank on the date of transaction. - As at reporting date, cash balances denominated in MDL are translated into USD at the exchange rate established by BNM at that date. The exchange rate established by BNM as at 31 December 2018 is USD 1 = 17.1427 MDL. The average exchange rate established by BNM for the period January 1 t, 2018 to December 31, 2018 is USD 1 = 16.8031 MDL. Cash and cash equivalents Cash and cash equivalents include cash on hand and due from banks, which can be converted to the corresponding amount of cash in the short term. Taxes Calculation and payment of personal income tax and social security contributions from income of local staff and consultants is made in accordance with the requirements and rates of the Tax Code of the Republic of Moldova. Project expenses The expenses are recorded in the period when they were actually paid. Sources of funds The funds were provided by the World Bank to the Project by replenishment of special account or through direct payment to the end supplier of goods and/or services. 16 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) 4. CASH AND CASH EQUIVALENTS Cash and cash equivalents as at December 31, 2018 comprise: Account held at Underlying December 31, 2018 Currency USD Designated Account BC Victoria Bank SA USD 52,889 Designated Account BC Victoria Bank SA MDL - 52,889 5. APPLICATIONS TO DESIGNATED ACCOUNT From April 29, 2015 to Sources of financing Application Date Decmbr 31, 2018 December 31, 2018 USD Grant No. TF-018162 0002 11-Jun-2018 215,000 Grant No. TF-018162 0001 29-Apr-2015 255,500 470,500 6. CUMULATIVE PROJECT EXPENDITURES From January From April 29, 1 2018 to 2015 to Cumulative December 31, December 31, to date 2018 2017 USD USD USD COMPONENT 1: Promoting citizen monitoring of hospital performance 105,737 36,139 141,876 Consulting Services 99,700 32,710 132,410 Goods - 70 70 Training 4,903 3,038 7,941 Operating Costs - 170 170 Others 1,134 151 1,285 COMPONENT 2: Strengthening performance based incentive program in family medicine through social audits of primary healthcare institution 70,804 9,552 80,356 Consulting Services 66,015 6,950 72,965 Training 3,135 2,602 5,737 Operating Costs 76 - 76 Others 1,578 1,578 17 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) COMPONENT 3: Fostering an enabling environment for informed public dialogue in health 22,719 2,100 24,819 Consulting Services 19,900 - 19,900 Training 2,819 2,100 4,919 COMPONENT 4: Facilitating knowledge on social accountability exchange and learning uptake to enhance effectiveness of social accountability intervention and Project management 101,258 69,302 170,560 Consulting Services 20,308 27,987 48,295 Goods 35,885 - 35,886 Operating Costs 40,374 40,845 81,219 Others 4,691 470 5,161 300,518 117,093 417,611 7. CASH PROCEEDS AND DISBURSEMENTS From From April January 1St, 29, 2015 to Cumulative to 2018 to December date December 31,2017 31, 2018 Opening balance 138,407 - 138,407 Funding sources Grant No. TF-018162 215,000 255,500 470,500 Other sources - - - Total financing 215,000 255,500 470,500 Project expenses COMPONENT 1: Promoting citizen monitoring of hospital performance 105,738 36,139 141,876 COMPONENT 2: Strengthening performance based incentive program in family medicine through social audits of 70,805 9,552 80,356 primary healthcare institution COMPONENT 3: Fostering an enabling environment for informed public dialogue in 22,718 2,100 24,818 health COMPONENT 4: Facilitating knowledge on social accountability exchange and learning uptake to enhance effectiveness of social 101,257 69,302 170,560 accountability intervention and Project management 18 "IMPLEMENTING PARTICIPATORY SOCIAL ACCOUNTABILITY FOR BETTER HEALTH" GRANT NO.: TF018162 (in US Dollars) Total project expenses 300,518 117,093 417,611 Foreign currency gain/(loss) - - Closing balance 52,889 52,889 8. COMMITMENTS In the normal course of activities, the Project concludes agreements with suppliers of goods, works and services in accordance with the established budget and Project Procurement Plan. As at December 31, 2018 the Project had the following commitments: Contract Cost per Contract amount due Counterparty CCY Contract Contract amount due (USD Signing equivalent) Age Quod Agis LTD USD 26,150 30-Nov-16 18,913 18,913 Magenta Consulting LTD MDL 1,924,797 26-Dec-17 1,924 112 C.B.S.AXA L.T.D. MDL 971,706 26-Jan-18 485,853 28,342 I.S.I.S.Opinia L.T.D. MDL 654,300 10-Jan-18 327,150 19,084 66,451 9. LEGAL CASES There were no legal cases related to the Project. 10. EVENTS AFTER THE REPORTING DATE As at the date of issue of the special purpose project financial statements no significant events or transactions occurred which should be disclosed in the special purpose project financial statements except for the information presented below: Applications to the World Bank Sources of Application Type of payment Amount in USD financing Grant No. TF018162 3 Designated account 200,000 23-Jan-19 200,000 19