Report on the Federation part of the Project Financial Statements of the THE WEST BALKANS DRINA RIVER BASIN MANAGEMENT PROJECT of the Ministry of Finance and Treasury of Bosnia and Herzegovina Financed by: - GEF Trust Fund Grant TF0A2317 - GEF SCCF Grant TF0A2320 For the years ended 31 December 2017 and 31 December 2018 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina CONTENTS 1 Introduction 1 2 Independent Auditor's Report 3 3 Project financial statements for the years 2017 and 2018 5 4 Notes to the project financial statements 10 APPENDICES A.1.1 Designated account statement - GEF Trust Fund Grant TF0A2317 & GEF SCCF Grant 11 TF0A2320 - 2017 A.1.2 Designated sub-account statement - GEF Trust Fund Grant TF0A2317 & GEF SCCF Grant 12 TF0A2320 - 2017 A.2.1 Designated account statement - GEF Trust Fund Grant TF0A2317 & GEF SCCF Grant 13 TF0A2320 - 2018 A.2.2 Designated sub-account statement - GEF Trust Fund Grant TF0A2317 & GEF SCCF Grant 14 TF0A2320 - 2018 B.1.1 SoE Withdrawal Schedule of GEF Trust Fund Grant TF0A2317 for the year ended 31 December 15 2017 B.1.2 SoE Withdrawal Schedule of GEF Trust Fund Grant TF0A2317 for the year ended 31 December 16 2018 B.2.1 SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 for the year ended 31 December 2017 17 B.2.2 SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 for the year ended 31 December 2018 18 C.1.1 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2017; SoE Withdrawal Schedule of GEF Trust Fund Grant TFOA2317 19 C.1.2 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2018; SoE Withdrawal Schedule of GEF Trust Fund Grant TF0A2317 20 C.2.1 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2017; SoE Withdrawal Schedule of GEF SCCF Grant TFA02320 21 C.2.2 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2018; SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 22 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina 1. Introduction As of 22 July 2016 the State of Bosnia and Herzegovina (the "State"), though its Ministry of Finance and Treasury, and the International Bank for Reconstruction and Development ("IBRD"), acting as an Implementing Agency of the Global Environment Facility and as an Implementing Agency of the Global Environment Facility Special Climate Change Fund, signed Global Environment Facility Trust Fund and Special Climate Change Fund Grant Agreement, in connection to the West Balkans Drina River Basin Management Project. The World Bank Agreed to extend to the State a grant in the aggregate amount equal to USD 3,375,270 from various sources consisting of: (a) an amount equal to USD 1,706,385 - GEF Portion of the Grant; and (b) an amount equal to USD 1,668,885 - SCCF Portion of the Grant, to assist in financing the Project. 1.1 General information Client: The World Bank - International Bank for Reconstruction and Development IBRD Borrower: Bosnia and Herzegovina Grant No.: TF0A2317 and TF0A2320 Project: P145048 Approval date 8 May 2016 Signing date 22 July 2016 Effective date 11 May 2017 Closing date 31 October 2020 Application Deadline 28 February 2021 1.2 Objective of the Project The objective of the Project is to improve mechanisms and capacity of the Project Countries to plan and manage the transboundary Drina River Basin (DRB), incorporating climate change adaptation. 1.3 Components of the Project Component 1 - Multi-state Cooperation in Transboundary Drina River Basin ("DRB") Management (Total: USD 1,107,897; SCCF: USD 302,266; GEF: USD 805,631) Component 2 - Pilot investments for Integrated DRB Management including Flood and Drought Management and Climate Change Resilience (Total: USD 917,498; SCCF: USD 578,998; GEF: USD 338,500) Component 3 - Project Management and Monitoring and Evaluation (Total: USD 220,000; GEF: USD 220,000) 1.4 Financing of the Project The Project is financed: FBiH RS Total BiH '-by GEF Grant TF0A2317 1,364,131 342,254 1,706,385 by SCCF Grant TF0A2320 881,264 787,621 1,668,885 Total financing 2,245,395 1,129,875 3,375,270 1 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina 1. Introduction (continued) 1.4 Financing of the Project (continued) Withdrawal of the Proceeds of the Grant for BiH Amount of the SCCF Percentage of Amiount of the GEt Portion of the Grant Expenditures to be Porio ofth Grnt Allocated (expressed Financed Category Allocated (expressed in Us (in.aes in USDin USD (mnclusive of Taxes) in USD (1) Goods, works, non- 1,111,720 773,800 100% consulting services, consultants' services (including for audits under the Project), Training and Operating Costs under the Recipient's Respective Parts of the Project. (2) Goods, works, non- consulting services, 240,000 95,000 100% consultants' services (including for audits under the Project), Training and Operating Costs under the Federation BH's Respective Parts of the Project except for Small Grants. (3) Small Grants provided by Federation BH under Part 12,411 12,464 100% of Small 2.A(iv) of the Project. Grants disbursed Total amount 1,364,131 881,264 Total amount GEF+SCCF 2,245,395 2 bakertilly Baker Tilly Re Opinion d.o.o. Grbavi6ka 4 71000 Sarajevo Bosna i Hercegovina T: +387 (0) 33 552 150 F: +387 (0) 33 552 152 info@bakertilly.ba www.bakertilly.ba Independent Auditor's Report To the State of Bosnia and Herzegovina, Ministry of Finance and Treasury Attn. of Minister of Finance and Treasury H.E. Mr. Vjekoslav Bevanda Report on the Project Financial Statements Opinion We have audited the accompanying project financial statements of The West Balkans Drina River Basin Management Project (the "Project"), which comprise of Summary of sources and uses of funds, Balance sheet, Designated account statements, Designated sub-account statements, Statements of Grant withdrawals as of and for the years ended 31 December 2017 and 31 December 2018, and a summary of significant accounting policies and other explanatory notes for the year then ended, financed under GEF Grant TF0A2317 and GEF SCCF Grant TF0A2320. In our opinion, the accompanying project financial statements present fairly, in all material aspects, the financial position of the Project as of 31 December 2017 and 31 December 2018, and of the funds received and disbursed during the years then ended, in accordance with the cash basis of accounting based on International Public Sector Accounting Standard ("IPSAS"), as described in Note 4.1. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and "Guidelines: Annual Financial Reporting and Auditing for World Bank-Financed Activities" issued by FMSB. 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 Ministry of Finance and Treasury 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 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. Responsibilities of Management and Those Charged with Governance for the Project Financial Statements The management of project implementation unit is responsible for the preparation of these project financial statements in accordance with the cash basis of accounting based on IPSAS, as described in Note 4.1., Guidelines: Annual Financial Reporting and Auditing for World Bank- Financed Activities, and for such internal control as management determines is necessary to enable the preparation of project financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Project's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Project or to cease operations or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the financial reporting process. 3 JIB: 4200960550009 - PDV: 200960550009 - Raiffeisen Bank d.d. BiH: 1610000045270008 Baker Tilly Re Opinion d.o.o. trading as Baker Tilly is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Responsibilities for the Audit of Financial Statements Our objectives are to obtain reasonable assurance about whether the 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 these financial statements. As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the 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 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 project financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 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. Report on other requirements In addition, with respect to the Statement of Expenditure, adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditure incurred; and all expenditure included in withdrawal applications and reimbursed against are eligible for financing under the project. Signed n eh f of Baker Tilly Re Opinio ... Sar BAKE R TILLYdo. Nihad F 2c Dir ctor and Certified Aud rRE OPINION Ema Sinanovid, Certified Auditor Sarajevo, 13 May 2019 d.o.o. 4 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) 3. Project financial statements for the years 2017 and 2018 (continued) 3.1 Summary of sources and uses of funds under the GEF Grant TF0A2317 and under the GEF SCCF Grant TF0A2320 Ref. Actual Actual Cumulative Cumulative Cumulative 2018 2017 2018 budget variance FINANCING GEF Grant3.1 TF0A2317 80,588 100,000 180,588 1,364,131 1,183,543 GEF SCCF Grant 3.2 TFOA2320 97,754 200,000 297,754 881,264 583,510 TOTAL FINANCING 178,342 300,000 478,342 2,245,395 1,767,053 PROJECT EXPENDITURE By Category (1) Goods, works, non- consulting. services, consultants' services (include. for audits under the Project), Training and Oper. Costs under the Recipient's Respective Parts of the Project 394,251 8,966 403,217 1,885,520 1,482,303 (2) Goods, works, non- consulting. services, consultants' services (incl. for audits under the Project), Training and Oper.Costs under the Federation BH's Respective Parts of the Project except for Small Grants - - - 335,000 335,000 (3) Small Grants provided by Federation BH under Part 2.A(iv) of the Project - - - 24,875 24,875 TOTAL EXPENDITURE 3.2 394,251 8,966 403,217 2,245,395 1,842,178 5 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) Ref. Actual Actual Cumulative Cumulative Cumulative 2018 2017 2018 budget variance By Component (1) Multi-state Cooperation in Transboundary Drina River Basin ("DRB") Management 7,496 364 7,860 1,107,897 1,100,037 (2 Pilot investments for Integrated DRB Management including Flood and Drought Management and Climate Change Resilience 295,878 - 295,878 917,498 621,620 (3) Project Management and Monitoring and Evaluation 90,877 8,602 99,479 220,000 120,521 TOTAL EXPENDITURE 394,251 8,966 403,217 2,245,395 1,842,178 6 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) 3. Project financial statements for the years 2017 and 2018 (continued) 3.1.1 Summary of sources and uses of funds under the GEF Grant TF0A2317 Ref. Actual Actual Cumulative Cumulative Cumulative 2018 2017 2018 budget variance FINANCING GEF Grant TF 2317 1,364,131 Initial deposit - 100,000 100,000 SoE replenishments 80,588 - 80,588 Direct payment - - - TOTAL FINANCING 3.1 80,588 100,000 180,588 1,364,131 1,183,543 PROJECT EXPENDITURE By Category (1) Goods, works, non- consulting. services, consultants' services (include. for audits under the Project), Training and Oper. Costs under the Recipient's Respective Parts of the Project 98,373 8,966 107,339 1,111,720 1,004,381 (2) Goods, works, non- consulting. services, consultants' services (incl. for audits under the Project), Training and Oper.Costs under the Federation BH's Respective Parts of the Project except for Small Grants - - - 240,000 240,000 (3) Small Grants provided by Federation BH under Part 2.A(iv) of the Project - - - 12,411 12,411 TOTAL EXPENITURE3.2 EXPENDITURE 98,373 8,966 107,339 1,364,131 1,256,792 7 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) 3. Project financial statements for the years 2017 and 2018 (continued) 3.1.2 Summary of sources and uses of funds under the GEF SCCF Grant TF0A2320 Ref. Actual Actual Cumulative Cumulative Cumulative 2018 2017 2018 budget variance FINANCING GEF SCCF Grant TF 2320 881,264 Initial deposit - 200,000 200,000 SoE replenishments 97,754 - 97,754 Direct payments - - - TOTAL FINANCING 3.1 97,754 200,000 297,754 881,264 583,510 PROJECT EXPENDITURE By Category (1) Goods, works, non- consulting. services, consultants' services (include. for audits under the Project), Training and Oper. Costs under the Recipient's Respective Parts of the Project 295,878 - 295,878 773,800 477,922 (2) Goods, works, non- consulting. services, consultants' services (incl. for audits under the Project), Training and Oper.Costs under the Federation BH's Respective Parts of the Project except for Small Grants - - - 95,000 95,000 (3) Small Grants provided by Federation BH under Part 2.A(iv) of the Project - - 12,464 12,464 TOTAL EXPENDITURE 295,878 - 295,878 881,264 585,386 8 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina Projeci ra ten for the years ended 31 December 2017 and 3' Decembher 2018 (all amounts in USD, unless otherwise stated) 3. Project financial statements for the year 2017 and 2018 (continued) 3.2 Balance sheet as of 31 December 2017 and 31 December 2018 showing accumulated funds of the Project and bank balances concerning World Bank funding Ref. 31 December 2018 31 December 2017 ASSETS Project expenditure under GEF Grant TF0A2317 3.1.1 107,339 8,966 Project expenditure under GEF SCCF TF0A2320 3.1.2 295,878 - 403,217 8,966 Designated account - GEF Grant TF0A2317 A.1 73,249 91,034 Designated sub-account - GEF Grant TFOA2317 - - Designated account - SCCF Grant TF0A2320 A.2 1,876 200,000 Designated sub-account - SCCF Grant TF0A2320 - - 75,125 291,034 Total assets 478,342 300,000 LIABILITIES GEF Grant TF0A2317 C.1 180,588 100,000 GEF SCCF Grant TF0A2320 C.2 297,754 200,000 478,342 300,000 Total liabilities 478,342 300,000 Signed and authorised by: J anka Aleksi6 Dijana angubi6 Project Coordinator Financial Officer Sarajevo, 13 May 2019 9 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) 4. Notes to the project financial statements 4.1 Basis of preparation and accounting records These project financial statements have been prepared in accordance with the International Public Sector Accounting Standard: "Financial Reporting under the Cash Basis of Accounting" issued by the Public Sector Committee of the International Federation of Accountants, and incorporate the accounting policies below, which have been consistently followed in all material respects and comply with the "Guidelines: Annual Financial Reporting and Auditing for World Bank - Financed Activities", issued by the Financial Management Sector Board. 4.2 Accounting policies The Project's fiscal year is January 1 to December 31 for the recording of all transactions. Cash basis of accounting All receipts and expenses under GEF Grant and GEF SCCF Grant are recorded on actual receipt and payment basis of accounting as per approved categories. Project expenditure is stated at original cost on the balance sheet. Direct payments Direct payments concern the amounts paid directly from the Grant account of the World Bank. Statement of Expenditure (SoE) Statements of Expenditure are used to state the expenditure under GEF Grant and GEF SCCF Grant during a certain period. These statements are sent to the World Bank's disbursement department who authorises the payment of the expenditure through the Designated accounts. Currency conversions The reporting currency is USD. Sources and use of funds (payments to suppliers and contractors) in currencies other than USD have been converted to USD using the currency rate at the moment of the transaction. Bank balances, recorded on the balance sheet at year-end, have been converted at year-end rate. Designated accounts This is the total amount of the withdrawals from the Grant account for the Project. The Grant account is in USD. Interest on Designated account Interest earned on the Designated account belongs to the Borrower. 10 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX A.1.1 DESIGNATED ACCOUNT STATEMENT Account owned by: Ministry of Finance and Treasury of Bosnia and Herzegovina Account No.: BA 391994990034491858 Depository Bank: Sparkasse Bank d.d. BiH Address: Zmaja od Bosne 7, Sarajevo Related Credit: GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 Currency: USD Ref. USD Opening balance January 1, 2017 Add: World Bank's replenishments B 300,000 300,000 Deduct: Payments to suppliers - Expenditure under GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 542 Transfer to Designated sub-account - GEF Grant TFOA2317 & GEF SCCF Grant TF0A2320 A.2 8,424 8,966 Ending balance December 31, 2017 3.2 291,034 11 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX A.1.2 DESIGNATED SUB-ACCOUNT STATEMENT Account owned by: Ministry of Finance and Treasury of Bosnia and Herzegovina Account No.: 1994990034491858 Depository Bank: Sparkasse Bank d.d. BiH Address: Zmaja od Bosne 7, Sarajevo Related Credit: GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 Currency: BAM Ref. BAM USD Opening balance January 1, 2017 Add: Transfer from Designated account - GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 A.1 14,206 8,424 14,206 8,424 Deduct: Payments to suppliers - Expenditure under GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 14,206 8,424 14,206 8,424 Ending balance December 31, 2017 3.2 - - 12 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX A.2.1 DESIGNATED ACCOUNT STATEMENT Account owned by: Ministry of Finance and Treasury of Bosnia and Herzegovina Account No.: BA 391994990034491858 Depository Bank: Sparkasse Bank d.d. BiH Address: Zmaja od Bosne 7, Sarajevo Related Credit: GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 Currency: USD Ref. USD Opening balance January 1, 2018 291,034 Add: World Bank's replenishments B 178,342 469,376 Deduct: Payments to suppliers - Expenditure under GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 31,362 Transfer to Designated sub-account - GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 A.2 362,889 394,251 Ending balance December 31, 2018 3.2 75,125 13 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX A.2.2 DESIGNATED SUB-ACCOUNT STATEMENT Account owned by: Ministry of Finance and Treasury of Bosnia and Herzegovina Account No.: 1994990034491858 Depository Bank: Sparkasse Bank d.d. BiH Address: Zmaja od Bosne 7, Sarajevo Related Credit: GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 Currency: BAM Ref. BAM USD Opening balance January 1, 2018 - - Add: Transfer from Designated account - GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 A.1 620,756 362,889 620,756 362,889 Deduct: Payments to suppliers - Expenditure under GEF Grant TF0A2317 & GEF SCCF Grant TF0A2320 620,756 362,889 620,756 362,889 Ending balance December 31, 2018 3.2 - - 14 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX B.1.1. SoE Withdrawal Schedule of GEF Grant TF0A2317 for the year ended 31 December 2017 G,W,non- G,W, non- Small CS, CS (and CS, CS Grants AUD) under (and AUD provided the Project), under the by Training and Project), Federation O.Costs Training BH under under the and Part 2.A(iv) Recipient's O.Costs ofthe Respective under the Project Initial Parts of the FBH (exc. Total Total deposit Project SG) application disbursed Application 1 100,0000-0--- - 100,000 Total Initial deposite 100,0000-0--- - 100,000 Application 2* - 8,966-- 8,966 - Total SoE a p p l i c a t i o n s -8 , 9 6 6 8 , 9 6 6 - Total 2017 - 8,966-- 8,966 100,000 Cumulative 2017 100,000 8,966 - - 8,966 100,000 * Application No.2 was replenished in 2018, but expenses were made in 2017. 15 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX B.1.2 SoE Withdrawal Schedule of GEF Grant TF0A2317 for the year ended 31 December 2018 G,W,non- G,W, non- Small CS, CS (and CS, CS (and Grants AUD) under AUD under provided by the Project), the Project), Federation Training and Training and BH under O.Costs O.Costs Part 2.A(iv) under the under the of the Recipient's FBH (exc. Project Respective SG) Initial Parts of the Total Total deposit Project application disbursed Previous periods 100,000 8,966896- 8,966 100,000 Application 2* - - - - 8,966 Application 3 - 71,622 - - 71,622 71,622 Application 4** 2,751 - - 26,751 - Total SoE applications - 98,373 - - 98,373 80,588 Total 2018 - 98,373 - - 98,373 80,588 Cumulative 2018 100,000 107,339 - - 107,339 180,588 *Application No.2 was replenished in 2018, but expenses were made in 2017. **Application No.4 was replenished in 2019, but expenses were made in 2018. 16 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX B.2.1 SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 for the year ended 31 December 2017 G,W,non- G,W, non- Small CS, CS (and CS, CS Grants AUD) under (and AUD provided by the Project), under the Federation Training and Project), BH under O.Costs Training and Part 2.A(iv) under the O.Costs of the Recipient's under the Project Respective FBH (exc. Initial Parts of the SG) Total Total deposit Project application disbursed Application 1 200,000 ----- 200,000 Total Initial deposite 200,000 ----- 200,000 Total 2017 200,0000-0- - 200,000 Cumulative 2017 200,0000-0- - 200,000 17 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX B.2.2 SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 for the year ended 31 December 2018 G,W,non- G,W, non- Small CS, CS (and CS, CS (and Grants AUD) under AUD under provided by the Project), the Project), Federation Training and Training and BH under O.Costs O.Costs Part 2.A(iv) underthe under the of the Recipient's FBH (exc. Project Respective SG) Initial Parts of the Total Total deposit Project application disbursed Previous periods 200,000 - - - - 200,000 Application 2 - 97,754 - - 97,754 97,754 Application 3* 198,124 - - 198,124 - Total SoE applications - 295,878 - - 295,878 97,754 Total 2018 - 295,878 - - 295,878 97,754 Cumulative 2018 200,000 295,878 - - 295,878 297,754 * Application No.3 was replenished in 2019, but expenses were made in 2018. 18 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX C.1.1 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2017; SoE Withdrawal Schedule of GEF Grant TF0A2317 Changes in GEF Grant (in USD) Original amount 1,364,131 Withdrawal 1 100,000 Total disbursed in 2017 100,000 Cumulative disbursements 100,000 Calculated undisbursed balance as of 31 December 2017 1,264,131 Undisbursed balance as per World Bank Summary for December 2017 1,264,131 19 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX C.1.2 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2018; SoE Withdrawal Schedule of GEF Grant TF0A2317 Changes in GEF Grant (in USD) Original amount 1,364,131 Disbursed in previous years 100,000 Withdrawal 2 8,966 Withdrawal 3 71,622 Total disbursed in 2018 80,588 Cumulative disbursements 180,588 Calculated undisbursed balance as of 31 December 2018 1,183,543 Undisbursed balance as per World Bank Summary for December 2018 1,183,543 20 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX C.2.1 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2017; SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 Changes in SCCF Grant (in USD) Original amount 881,264 Withdrawal 1 200,000 Total disbursed in 2017 200,000 Cumulative disbursements 200,000 Calculated undisbursed balance as of 31 December 2017 681,264 Undisbursed balance as per World Bank Summary for December 2017 681,264 21 The West Balkans Drina River Basin Management Project of the Ministry of Finance and Treasury of Bosnia and Herzegovina (all amounts in USD, unless otherwise stated) APPENDIX C.2.2 Reconciliation between World Bank's disbursement statements in USD and GEF Grant account in USD according to the balance sheet as of 31 December 2018; SoE Withdrawal Schedule of GEF SCCF Grant TF0A2320 Changes in SCCF Grant (in USD) Original amount 881,264 Disbursed in previous years 200,000 Withdrawal 2 97,754 Total disbursed in 2018 97,754 Cumulative disbursements 297,754 Calculated undisbursed balance as of 31 December 2018 583,510 Undisbursed balance as per World Bank Summary for December 2018 583,510 22