Al DITORS REPORT. Audit Corpletion Date: 09 10.20M, N inistry oi low ng & Public Work, Banviackh Scoretariat, Dhaka 1000. \ have audited the accompanying Financial Statement (FY 2017-2018) of the "Urban kvsilence Project (URP): RAJUK Part" financed by IDA Credit No.5599-BD as on 30" Jun;'N018 & for the ya then ended. According to ISSAI 1570 the Preparation of the Financial Statement is the responsibility of Management. Our responsibility is to express an opinion on thc Financial Statcment based on our audit. W conduied our audit in accordance with International Standards on Auditing. Those standards rC1ui(V that we pLin and perform the audit to obtain reasonable assurance about whether th Financial Statements are free from materials misslatement. An audit includes exammin,, on a basis, evidence supporting the amounts and disclosures in the Financial Statement An udi also include assessin, the accounting principles used and significant estimati, made by managcment, zs wvll as e,,aluating the overall Financial Statement presentation. We bclieve that our audit provides a reasonable basis for our opinion. In our opininI and according to thc statement of ISSAl 1705, the financial statement givcs a [ru, and fair view in all material rcspocts of the financial position of "Urban Resilience Project (I RP): RAJUh.' Part" financed by IDA Credit No.5599-13D as on 30" June'2018 and th, results of its operations and cash flows for the year then ended in accordanct with the cash basis of accounting followed by the (3overnrent of BangladArh, The Project accounts properly presents the expenditure and receipts for the year ended at30- 00 -2 0 1 Opinin SIMus: (Sarkar Mohannmi, Khairul Alam) Deputy Director For Director General Foreign \ided Projects Atdit Directorate Phone: 9361788 5 Urban Resilience Project (URP): RAJULK Part Project Financial Statement 30` June 2018 (In IakhTake Cumulative Current Culmulagtive Current Resources Notes Prior Period Period Period FY 2017-18 1Gove imem ofBangladesh 1 75.00 1 16.6 191.66 Loan from Devclopier Partner 2 1124.70 719.45 1844. 15 Other Resources 3 Opening Balance of Special Account 4 903.17 Czsh opening balance Total Itesources 1199.70 1739.28 2035.81 Exp nditure and Cash COB Part Expenses Pr,ect Personnel (GOB2___ 17.18 108.10 125.28 Honorariun OB) 5.58 8.52 14.10 Suo-total of GOB 22.76 116,62 139.38 O ffice R ent 47.15 180,7427.89 VA ITax (,.13 - 6.13 TelephoneInternet A_92 1.48 2.40 Stationary 5.42 0.50 - 92 Books erodicals - 0.04 0.04 Banik Charge/Cmissi,"ion 0.17 0.`7 0.44 ( avertiseenit21.42 12.33 33 75 Training 21.37 133 4 Tran~.B______ ___ ~ __11.37 34.ý73-_ 46.10 Semina Workshop- 12.55 12.55 Meeting cost (Entertainnent) 0.17 0.38 0.55 Consult 99.36 118.10 217.46 Fee Charges,emuneration 17.01 17.01 Ofce Eipment 9.75 9.75 Repair and Maintenance of Office Utilities - 0.29 0.29 Computer and Accessoispurchase 9.82 9.82 Vehicle Purchase - 781195 8 1195 Furniture Purehase 9. 84 0.50 10.34 Sul-total of IDA 221.52 1190.87 1412439 Grand Total (GOB and IDA) ~~ ~ _~ 244.28 1307.49 1551.77 Cash Closing Balance Special Account (COJTASA) 903.17 431 43 1.75 Operating Account for GOB Fund 46.33 0.04 0.04 Total Closing Balance 949.50 431.79 431.79 Total Expenditure and Cash 1193.79 1739.28 1983.56 MVd. Abul Kalamn<. Aud"t & cAounts OCffcer 1 Audit Complex '3 4 Urban Resilience Project (IURP): RAJUK Part Project Financial Statement NOTES TO FINANCIAL STATEMENT 30 June, 2018 1. GOVERNMENT OF BANGLADESH: (In lakh Taka) Description Inception to 30h For the year Inception to 30n Juie 2017 2017-2018 June 2018 Disbursernent by the (3B 75.00 116.66 19 l66 Less: Refund to GOB 52.24 0.04 52.28 (!Excess disbi senent and un-spent Balange_ Total: 22.76 1 16,62 139.38 Note: WVe refund the unspent balance of GoB amount of Tk. 0.04 lakh to government treasury for FY 2017- * 018. . LOAN/GRANT FROM DEVELOPMENT PARTNER: IDA has provided funds to the project to cover its share of eligible project expenditures in accordance with the following withdrawal procedures (In lakh Taka) Description Inception to 30` For the year Inception to30 J une 2017 2017-2018 June 2018 -1it iA-dvace 1000.00 000.00 Dieet payrnent by IDA 1 8t9Procedures A70 719.45 44.15 Non SOE Procodures Total 112.70 719.45 1844AS 3. OTHER RESOURCES: Oilier resources consist of the followiri Desciiption Inception to 301h JUne For the year Luception to 30` Jue 2017 2017-2018 2018 Proec,tRevenues Bank Interest/EJhangee Total 41 CASI: The Project maintains one bank account, which is kept at Janata Bank Ltd, Karnal Ataturk A.venue Corpoi ate Branch, Banani Dhaka to hold funds advanced by IDA, Year end and cash balances were a,; follows __(In lakh Tk. Description Inception to 30" June For the year Inception to 301 June 2017 2017-2018 2018 ;ash in hand < pecial Account 903,17 431.74 431.74 1CONTASA) Operating Account for 4(.33 0.04 0.04 GOB Fund Total 949.50 431 78 431.78 \ 2 Al ti 010 N ONt,, SO E Th: Cand ,as relcasrd by \Yorld Bank on he basis of IJFRs prepared and submitted by Project Authority to the World Bank. We xarined the IUFRs relating to financial year 2017Al8 of thie Project and found that all ILUFRs were correct and based on Books of acuounts. Wc have audited the Interim Unaudited Financial Reporting (lUFR-s),/SOE of the "Urban Resilisee Project (URP), RAJUK Part" financed by IDA Credit No.5599-BD a8 of 0" Jun2UIN & for the ear thmn ended submitted to the international I% alopnnt AsnKlation dDA) o reimbursement of expenditure in accordance with he I)A inanding Agreement. The audit was conducted wollowing International Standard on Auiting \ccordingly, it inluded such tests of ac'ounting records and supporting documentations, review of sysems ol internal conol, so fr exists. adopting necessary auditing procedures that we considend ossential ender the circumstances. In our opinion, the World Bank could rely upon the statement of expenditure to support th applications or credit disbursement of expenditure incurred for the purpose of the projet specifed in th particulars of withdrawal application. (Sarkar Moharriid Khairul Alain Deputy Director For Director General Foreign Aidud Projects Audit Directorate Phone: 9361788 7 U) YV 0L Ot 1 C B 'CAL A CCOIL NT(-- (i)sA L H haive audited the Special Account (CONTASA) with (STD) Account No. 0100004122o89 1 with Janata Bank TLtd, Kamal Ataturk Avenue Corporate Branch, 20, Kamal Ataturk Avenue, Dhaka-121 of Urban Resilience Project (LRP): RAJUK Part" inane'd by IDA Cr'cdit 4oJ599-BD as of 30'h June'2018 & for ihe year then ended submitted to the Imurnational De,,elopment Association (IDA) for reimbursement of xpendituri in accordance wihh the IDA F inancing Aereement. Our audit wa- carried out in ac-ordance vwith International Standard on Auditing guideln . Accordingly, our audit included such re. iew of internal control, tests of the ,iccmuning records and supporting documentation, verification of acco)unt balances and other uditing procedures that v considered necessary under the circumstance. 3. The accompanying Special Account Statement was prepared on the basis of cash deposits and wi-hdrawal for the purpose of coi-mplying with the above Financing Agreement. 4. In our opinion, the Special Account Statement tattached) gives a fair view ot the account aci ivjt\ as of 30"' June'2018 and for the year then ended on the basis of cash deposits and w ithdraw al. . Th special ac,ount is being maintained according to the approval of Finance Division. The withIdrawal of money i. in aceordIanc with authorization of Finance Division. (Sarkar Muhamnad Khairul Alam) Deputy Director For Director General For.ign Aided Projects Audit Directorate Phone: 9361788 8