Guangdong Provincial Audit Office of the People's Republic of China Audit Report k1) 4 C 2019) 144 9 GUANGDONG AUDIT REPORT C 2019) NO.144 Project Name: Guangdong Compulsory Education Project Financed by the World Bank :8791 - CN Loan No.: 8791 - CN Project Entity: The World Bank Loan Project Management Office of Department of Education of Guangdong Province M fl': 2018 * 4 J 2 Bi 12,q 31 H Accounting Period: April 2, 2018 to December 31, 2018 目录 Contents 一、审计师意见．...................................................................．···············……1 1 .Auditor&5 OPinion...................．……，...................................................．……3 二、财务报表及财务报表附注．.........................................................．……6 11 .Financial Statemeflts and Notes to the Financial Staterneflts.........．……6 （一）资金平衡表．.....................................................．···················……6 1 .Balance Sheet...............................................................................．……6 （二）项目进度表．........................................................................．……8 11.Summary of Sources and Uses ofFunds by Project Component.．…8 （三）贷款协定执行情况表．.....................................................．……12 111 .statement of Implementation ofLoanAgreement..................．……12 （四）专用账户报表．..................................................................．……13 iv. Speeial Accouni statemeni......................................................．……13 （五）财务报表附注．..................................................................．……15 v.Notes to the Financial Statcmenis.............................................．……18 三、审计发现的问题及建议．...........................................................．……21 111.Andit Findings and Recommendations.........................................．……24 一、审计师意见 审计师意见 幼东省教育厅世行贷款项目管理办公室： 我们审计了世界银行贷款幼东省欠发达地区义务教育均衡优质标准 化发展示范项目2018年12月31日的资金平衡表，以及截至该日同会计 期间的项目进度表、贷款协定执行情况表和专用账户报表等特定目的财务 报表及财务报表附注（第6页至第20页）o （一）项目执行单位及幼东省财政厅对财务报表的责任 簖制上述财务报表中的资金平衡表和项目进度表是你办的责任，编制 贷款协定执行情况表和专用账户报表是广东省财政厅的责任，这种责任包 括： 1，按照中国的会计准则、会计制度和本项目贷款协定的要求编制项 目财务报表，并佼其实现公允反映； 2．设计、执行和维护必要的内部控制，以使项目财务报表不存在由 于舞弊或错误而导致的重大错报。 （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意见。我 们按照中国国家审计准则和国际审计准则的规定执行了审计工作，上述准 则要求我们遵守审计职业要求，计划和执行审计工作以对项目财务报表是 否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信．息的有关证据，我们实施了必要的 审计程序。我们运用职业判断选择审计程序，这些程序包括对由于舞弊或 错误导致的财务报表重大错报风险的评估。在进行风险评估时，为了设计 恰当的审计程序，我们考虑了与财务报表相关的内部控制，但目的并非对 内部控制的有效性发表意见。审计工作还包括评价所选用会计政策的恰当 一1一 性和作出会计估计的合理性，以及评价财务报表的总体列报。 我们相信，我们获取的审计证据是适当的、充分的，为发表审计意见 提供了基础。 （三）审计意见 我们认为，第一段所列财务报表在所有重大方面按照中国的会计准 则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行贷款广 东省欠发达地区义务教育均衡优质标准化发展示范项目2018年12月31 日的财务状况，以及截至该日同会计期间的财务收支、项目执行和专用账 户收支情况。 （四）其他事项 我们审查了本期内由幼东省财政厅报送给世界银行的第8791一01号提 款申请书及所附资料。我们认为，这些资料均符合贷款协议的要求，可以 作为申请提款的依据。 本审计师意见之后，共同构成审计报告的还有两项内容：财务报表及 财务报表附注、审计发现的问题及建议。 中⑩二 地址：中国幼东省幼州市天河区黄埔大道西361号 邮政簖码：510630 电话：86一20一87078158 传真：86一20一87078201 一2一 1. Auditor's Opinion Auditor's Opinion To the World Bank Loan Project Management Office of Department of Education of Guangdong Province We have audited the special purpose financial statements from page 6 to page 20) of Guangdong Compulsory Education project financed by the World Bank, which comprise the Balance Sheet as of December 31, 2018, the Summary of Sources and Uses of Funds by Project Component, the Statement of Implementation of Loan Agreement and the Special Account Statement for the accounting period then ended, and Notes to the Financial Statements. Project Entity and Guangdong Provincial Finance Department's Responsibility for the Financial Statements The preparation of the Balance Sheet and the Summary of Sources and Uses of Funds by Project Component is the responsibility of your entity, while the preparation of the Statement of Implementation of Loan Agreement and the Special Account Statement is the responsibility of Guangdong Provincial Finance Department, which includes: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii. Designing, implementing and maintaining necessary internal control to ensure that the financial statements are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Government Auditing Standards of the People's Republic of China and International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or 3- error. In making those risk assessments, the auditor considers internal control relevant to the entities' preparation and fair presentation of the financial statements 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 entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is appropriate and sufficient to provide a basis for our audit opinion. Opinion In our opinion, the financial statements identified in the first paragraph present fairly, in all material respects, financial position of Guangdong Compulsory Education project financed by the World Bank as of December 31, 2018, its financial receipts and disbursements, the project implementation and the receipts and disbursements of the special account for the accounting period then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement. Other Matter We also examined the withdrawal application No. 8791-01 and the attached documents submitted to the World Bank during the period. In our opinion, those documents comply with the project loan agreement and can serve as basis for loan withdrawal. The audit report consists of the Auditor's Opinion and two more parts hereinafter : Financial Statements and Notes to the Financial Statements, Audit Findings and Recommendations. Guangdong Provincial Audit Office of the People's Republic of China June , 2019 -4- Address: No. 361, West Huangpu Avenue, Tianhe District, Guangzhou City, Guangdong Province, P.R. China Postcode: 510630 Tel.: 86-20-87078158 Fax: 86-20-87078201 The English translation is for the convenience of report users; Please take the Chinese audit report as the only official version. 5- 二、财务报表及财务报表附注 11 .Financial Statements and Notes to the Financial Statements （一）资金平衡表 1.Balance Sheet 资金平衡表 BALANCE SllEET 2018年12月31日 (As ofDecember 31,2018) 项目名称：世界银行贷款幼东省欠发达地区义务教育均衡优质标准化发展示范项目 Project Name:Guangdong Compulsory Education Project Financed妙the Wbrld Bank 簖报单位：幼东省教育厅世行贷款项目管理办公室货币单位：人民币元 PrePared by:TheW份ld Bank Loan Projeot Management office of DePartment of Education of 当 后续（肠be continued) 一6一 VE ig! r )44 4T& MV9C M*ft if * * a iT& M-M Application ofFund Line Beginnin Ending Balance Sources of Fund Line No. Beginmng M*J& No. g Balance Balance Ending Balance NfIfAR qka*ft A Wp A H 3z Lh Total Prepaid and 16 0.00 136,192,649.80 Construction Expenditures 43 - Receivable to be Offset Including: World Bank 17 44 0.00 7,139,426.04 Loan Interest Receivable Total Payable World Bank Loan 18 Including: WorldBank 45 - Commitment Fee Loan Interest Payable Receivable Fmt AR 19 World Bank Loan 46 World Bank Loan Service- Commitment Fee Payable Fee Receivable ;M10 n ffWT2alf r )AV Marketable Securities 20 World Bank Loan Service 47 Fee Payable A, i+ 21 A, *3Z9zM* 48 Total Fixed Assets Other Payables IM /I-! rt P, mi * 22 ±&&XVE* 49 Fixed Assets, Cost Appropriation of Fund 9: X F*ln +1 MARX Less: Accumulated 23 Retained Earnings 50 Depreciation [MwVV1*T, 24 Fixed Assets, Net [MwVV1X9 Fixed Assets Pending 25 Disposal Fixed Assets Losses in 26 Suspense VEL&ffl*i+ 27 0.00 193,514,386.04 VE X * i+ 51 0.00 193,514,386.04 Total Application of Fund Total Sources of Fund （二）项目进度表 11.Summary of Sources and Uses of Funds by Project Component 项目进度表（一） SUh4h4ARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENTI 本期截至2015年12月31日 (For the period ended December 31,2018) 项目名称：世界银行贷款幼东省欠发达地区义务教育均衡优质标准化发展示范项目 Project Name:Guangdong ComPulsory Education Project Financed勿the Wbrld Bank 簖报单位：幼东省教育厅世行贷款项目管理办公室货币单位：人民币元 Prepared by:The W6rld Bank Loan Project Managemeni office of DePartment of Education of Guangdong Province Currency Unit:RMB yUan 日 一8一 -6- iаЧ10 - - - - - 4,� '4 - 40'Si9`4Z£`b£ - - ti0'Si9`tiZ£`4£ - �$Р�Чsв�пгаSивг� �'�$��� �£ - bo'9г4`б£I`L- ti0'9zb`6£i`L- - saiq вдига пвг� �У���У� �г - 08'649`Z6I`9£Т - - 08'ЬУ9`Z6i`9£I - saiqвnгaaag пга8ивq;� �%��� " 'Т - 08'8£в`LL£`£9i - - о8'8£8`LL£`£9I - aauaia�rQ �� �ада `аа; saopцas 00'ооо`04Z`9L %S6'9оТ 96'ti4£`О6£`£ 00'Ооо`oLI`£ �о� � р� ро?тд %Sb'b 96'bb£`об£`Е погдапдsпо� т;saiaдui �� �����Z�` �����`� Т I 8иг.годгиоу� %00'О 00'о 00'Ооо`000`si °/а00'О 00'0 00'Ооо`oLO`I дцашаSвггеуQдааСо.гд Gl�},����i � ��OI sва.гу lвтц ш sкаqавау io; sпогдврошшоаа� ° %L6'8I io'Z£i`L6i`8I о о иогдапдsи /°66'£ Io'Z£Т`L6I`8I 00'Ооо`000`S5h о'ООо`06Z`86 3 °� ���� �b������ �X���6 � поqошоцI аапададшо� ) %00'О 00'о 00'ооо`55Z`Ibi %00'О 00'0 00'Ооо`OOS`I 8шшвд �s.гаqавау (�f��a�) U����'в 8пппвху °i°оо'о оо'о оо'ооо`ооо`ctiz °i°оо'о оо'о оо'о ,S.�цавау дзагапs-аТдиТпу� (Ф1�tt•��v) ��Ф1й�'G ргдаlдшо� ;a8png ада дшо °� алцвТпшг� алц jпшг� �д3о а3?'I °/о Роиад Роиаа� ц� роиад �Э ��-Е1� ���-Е? � �I�-1?'�� � �г диагл� ��i��� диа.гт� ����ж �rr�-��ж алцвlптг� Ро?.Тад дпа.гл� �?� �� SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT H -M;kg 2018 * 12 A 31 H For the period ended December 31, 2018 -T -R Ar k 4 kkibt 94* A *ftw t5f, * k&* -,t rk * 0 ProjectName: Guangdong Compulsory Education Project Financed by the World Bank -44*ft: * FP if TG Prepared by: The World Bank Loan Project Management Office of Department of Education of Guangdong Province Currency Unit: RMB Yuan 5in 5ZEB Project Expenditure 4604 A H 3z Hi Project Component Assets Transferred Construction offiWk Xi+]Zlfi Ifflz5VI Xi;MJ11- )ER-Mill- 319M11- Vg-TAM Expenditures to be Investments Cumulative Amount Fixed Asset Current Asset Intangible Asset Deferred Asset Work in Progress Disposed Transferred-out 1,459,644.23 1,459,644.23 Construction of Standard Classrooms Care service for left behind children 3.**JL*R*ai* Inclusive Education on Children with Mild to Moderate Disabilities 4. ft,!`Fft - - - - "Ban Ban Tong" Teaching Platforms 5. C M k A it 2i - 0'4r Mobile Labs 6.*VX,fQVR School Partnership 7.tXJft31 (,4!5P4iAX) - - - - Multiple-subject Teachers' Training 8.*AX*Vll (ft)JAft) - - - - Teachers' training (Competence promotion) ―용기 - - (-=) 'R#*t*ff4A* iii. Statement of Implementation of Loan Agreement STATEMENT OF IMPLEMENTATION OF LOAN AGREEMENT *M;k _ f_ 2018 * 12 9 31 H (For the period ended December 31, 2018 A, r * t kkibt R'X44* A*ftfA*-'* IdUk't rk * q ProjectName: Guangdong Compulsory Education Project Financed by the World Bank '44*1k: )-.tt*Ar Prepared by: Guangdong Provincial Finance Department Currency Unit: USD/RMB Yuan 4AZIRalko *_4f_fZK9k%( litsat LoanAmount Current-period Withdrawals Cumulative Withdrawals Category kit XT V -06. )" R -ID AITE 4 T.A%kRrfi USD USD R1VB USD Pdvi]3 Project goods, Non-consulting services, 119,700,000.00 - - Consulting services, Tuition, incremental operating costs, Training, Workshop 7ttE-f-i** 300,000.00 300,000.00 2,058,960.00 300,000.00 2,058,960.00 Front-end Fee 1 )1IRKP - 5,000,000.00 34,316,000.00 5,000,000.00 34,316,000.00 Special Account 120,000,000.00 5,300,000.00 36,374,960.00 5,300,000.00 36,374,960.00 Total （四）专用账户报表 iv. SpeciaIAccount Statement 专用账户报表 SPECIAL ACCOUNT STATEMENT 本期截至2015年12月31日 (For the period ended December 31,2018) 项目名称：世界银行贷款幼东省欠发达地开户银行名称：中国农业银行广州林和中路支行 区义务教育均衡优质标准化发展示范项目 Project Name:Guangdong Compulsory Depository Bank:Guangzhou Linhezhong Road Education Project Financed妙the从lorld Bank Sub一branch,Agricultural Bank ofChina 贷款号：8791一CN账号：44057014040000120 LO助NO.:8791一CN Account NO.:44057014040000120 簖报单位：幼东省财政厅货币种类：美元 PrePared by:Guangdong Provincial Finance Currency:USD 纽 （后续Thbe。ontinued) 一13一 B nnft: IHAWPAV & 9 Part B-Account Reconciliation Amount Amount Advanced by World Bank 5,000,000.00 Deduct: 2. Total Amount Recovered by World Bank 3. Outstanding Amount Advanced tothe Special Account at the End ofthis Period 5,000,000.00 4. *)4]WPM*+O Ending Balance of Special Account 5,000,652.78 Mtn: Add: 5. Amount Claimed but not yet Credited at the End of this Period Application No. Amount 6. Amount Withdrawn but not yet Claimed at the End of this Period 7. hR*tXit3Zffl (AP**;(E5fn6# rP) Cumulative Service Charges (Ifnot Included in Item 5 or 6) Deduct: 8. fil@[R/\ InterestEarned (If Included in Special Account) 652.78 9. Total Advance to the Special Account Accounted for at the End of this Period 5,000,000.00 -14- （五）财务报表附注 财务报表附注 1．项目概况 世界银行贷款幼东省欠发达地区义务教育均衡优质标准化发展示范 项目贷款号为8791一cN，目标是着力解决项目县（市、区）城镇学位供给 紧张、特殊粤体教育保障不足等突出短板，突破建立优质教育资源共享机 制、完善教师管理和保障机制两个关键环节。项目建设内容包括学校改扩 建项目、特殊粤体教育保障项目、优质教育资源共享项目、教师发展与保 障项目4个子项目（含9个细项），项目协议于2018年1月16日签订， 2018年4月2日生效，关账日为2023年6月30日。项目计划总投资为 人民币l,830,000,000.00元，其中世行贷款总额为120,000,000.00美元， 折合人民币732,000,000.00元，配套资金为180,000,000.00美元，折合人 民币1,098,0 00,0 00.00元（按申报时1美元兑换人民币6.1元计算）o 2．财务报表编制范围 本财务报表的簖制范围包括幼东省教育厅世行贷款项目项目管理办 公室、16个县（市、区）项目办的财务报表及省财政厅专用账户报表。 3．主要会计政策 3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办法》 （财际字〔2000〕13号）的要求编制。 3 .2会计核算年度采用公历年制，即公历每年1月1日至12月31日。 一15一 3.3本项目会计核算以“权责发生制”作为记账原则，采用借贷复式 记账法记账，以人民币为记账本位币。 3.4按照中国人民银行2018年12月31日汇率，即1美元＝人民币 6 .8632元。 4．报表科目说明 4.1项目支出 2018年项目支出人民币22,997,121.20元（在建工程支出人民币 23,001,863.69元，银行存款利息冲减贷款利息支出人民币4,742.49元）, 累计支出人民币22,997,121.20元，占总投资计划的1.26％。 4.2货币资金 2018年12月31日货币资金余额为人民币34,324,615.04元，其中专 用账户存款余额人民币34,320,480.16元，省项目办货币资金余额人民币 4,134.88元。 4.3预付及应收款 20 15年12月31日余额为人民币1 36,1 92,649.80元，其中：应收款余 额为人民币136,192,649.80元。 4.4项目拨款 20 18年12月31日余额为人民币1 50,000,000.00元，是省、市、县各 级到位的配套资金。 项目计划配套资金总额人民币1,095,000,000.00元，截至2015年12 月31日到位配套人民币150,000,000.00元，占计划的13.&％。 一16一 4.5项目借款 2018年12月31日余额为人民币36,374,960.00元，是国际复兴开发 银行贷款。 截至20 18年12月31日，累计提取世界银行贷款资金5,300,000.00 粎元。 4.6应付款 2018年12月31日余额为人民币7,139,426.04元，主要是应付罗定市 标准化教室及农村艰苦边远地区教师周转宿舍项目的工程款。 5．专用账户使用情况 本项目专用账户设在中国农业银行广州林和中路分行，账号为 44057014040000120，币种为粎元。专用账户首次存款5,000,000.00美元。 20 18年年初余额0.00粎元，本年度回补5,000,000.00美元，利息收入652.78 粎元，本年度支付0.00粎元，年末余额5,000,652.78美元。 6．其他需要说明的事项 贷款协定执行情况表的本期间提款数总计金额5,300,000.00美元与专 用账户报表中的本期世行回补总额5,000,000.00美元存在300,000.00美元 差额，原因为世行直接扣取先征手续费300,0 0.00美元，不通过专用账户 支付。 省级财政已安排的国内配套资金实施国库集中支付但尚未使用的额 度在应收款科目反映。 一17一 v. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview The Loan No. of Guangdong Compulsory Education Project Financed by the World Bank is 8791 - CN. It aims to solve the striking problems, such as insufficient availability of school admission in the counties ( cities and districts ) and insufficient education guarantee for children with moderate physical and intellectual disabilities, establish the high-quality educational resources sharing mechanism and improve the management and welfare systems for the teachers. The project comprises 4 subprojects ( including 9 sub-components ) . which are, school expansion and reconstruction project, education guarantee for children with moderate physical and intellectual disabilities project, high-quality educational resource and sharing project, development and welfare system for teacher project. The Project Agreement was signed on January 16, 2018 and came into effect on April 2, 2018. The expected closing date will be June 30, 2023. The total investment plan of the project was RMB1,830,000,000.00 yuan, among which the total World Bank loan amount was USD120,000,000.00, equivalent to RMB732,000,000.00 yuan, the counterpart fund was USD180,000,000.00, equivalent to RMBI,098,000,000.00yuan (calculated by converting USDI to RMB 6.1 at the time of declaration ) . 2. Consolidation Scope of the Financial Statements Consolidation scope of the financial statements covers the financial statements of the Project Management Office of Department of Education of Guangdong Province ( PPMO ) , 16 county and district project management offices, as well as the Special Account set in the Guangdong Provincial Finance Department (DoF ) . 3. Accounting Policies 3.1 The Financial Statements of the project were prepared according to the requirements of Accounting Methods for the World Bank Financed Project -18- (Carizi[2000]No. 13) . 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January 1 to December 31. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RMB is used as the recording currency of bookkeeping. 3.4 The exchange rate adopted in the financial statements was the exchange rate on December 31, 2018 of the People's Bank of China, which is USD1= RMB 6.8632 yuan. 4. Explanation of Subjects 4.1 Total Project expenditures The project expenditure in 2018 was RMB22,997,121.20 yuan (Construction in progress expenditure was RMB23,001,863.69 yuan, the balance of the Loan interests written down by the bank deposit interests was RMB4,742.49 yuan) , and the cumulative expenditures were RMB22,997,121.20 yuan, which accounted for 1.26% of the total investment plan. 4.2 Cash and Bank On December 31, 2018, the balance was RMB34,324,615.04 yuan, including the funds in the Special Account were converted to RMB34,320,480.16 yuan, and the balance of the Project Management Office of Department of Education of Guangdong Province was RMB4,134.88 yuan. 4.3 Prepaid and Receivable Its balance on December 31, 2018 was RMB136,192,649.80 yuan, mainly the accounts receivable balance was RMB136,192,649.80 yuan. 4.4 Project Appropriation Funds The balance on December 31, 2018 was RMB150,000,000.00 yuan, which was the counterpart funds allocated by all levels including the province, the city and the county. The total planned counterpart funds of this project were -19- RMB1,098,000,000.00 yuan. By the end of December 31, 2018, RMB 150,000,000.00 yuan of the counterpart funds had been allocated, which accounted for 13.66% of the plan. 4.5 Project Loan The balance on December 31, 2018 was RMB36,374,960.00 yuan, which was the World Bank loan. By the end of December 31, 2018, accumulated USD5,300,000.00 of the World Bank loan had been withdrawn. 4.6 Payable The balance on December 31, 2018 was RMB7,139,426.04 yuan, mainly payable for the civil works for the construction of the standard classrooms and accommodations for teachers in rural areas in Luoding county. 5. Special Account The Special Account of this project is set in Guangzhou Linhezhong Road Sub-branch, Agricultural Bank of China, with the account number of 44057014040000120, and USD as currency Unit. The initial Deposit of the Special Account is USD5,000,000.00. The beginning balance of 2018 was USD 0.00 and the reimbursement in the year was USD5,000,000.00. This year the interest earned was USD652.78 and the disbursement was USDO.00. Thus, the ending balance was USD5,000,652.78. 6. Other Explanation for the Financial Statements There has been a difference of $300,000 between the total withdrawals of USD5,300,000.00 in the current period of the implementation of the loan agreement and the total World Bank reimbursement of USD5,000,000.00 in the current period of the special account statement. This is due to the fact that this USD300,000.00 was deducted directly as front-end fee by the World Bank and was not paid out of the special account. The domestic counterpart fund financed by the provincial financial department is being disbursed from the national treasury, the unused quota would be recorded in the total receivable account. - 20-