AUDITOR'S REPORT Audit Conpletion Date: 20.12.2019. The Secretary Ministry of Housing & Public Works Bangladesh Secretariat, Dhaka-1000. We have audited the accompanying Financial Statement for the year 2018-2019 of the "Low Income Community Housing Support Project (LICHSP)" financed by IDA Credit No.5780-BD as on 30th June'2019. According to ISSAI 1570 the preparation of Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. The financial statement gives a true and fair view in all material respects of the financial position of the "Low Income Community Housing Support Project (LICHSP)" financed by IDA Credit No.5780-BD as on 3011 June 2019 and the result of its operation and cash flows for the year ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. The Project accounts properly presents the expenditure and receipts for the year ended at 301h June'2019. Revised Opinion Status: Unqualified. (Taslemna Sidtia) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-9361788 5 National Housing Authority Low Income Community Housing Support Project Grihayan Bhaban, Segunbagicha Dhaka - 1000 Project Financial Statement As on 30 June 2019 Taka in lac Resources Notes * Cumulative Current Period Cumulative Prior Period Current Period Government of Bangladesh 1 899.50 256.83 1,156.33 Loan from Development Partner 2 1,887.39 1,637.77 3,525.16 Others Resources: 3 22.94 41.20 64.14 Opening Cash Balance 4 - 1,257.01 TOTAL RESOURCES 2,809.83 3,192.81 4,745.63 EXPENDITURE AND CASH Economic Particulars Cumulative Current Period Cumulative Code Prior Period Current Period 3111201 Pay of Staff 8.88 16.14 25.03 3241101 Travel Expenses 0.25 0.91 1.16 3821104 VAT for individual Consultants 17.10 23.38 40.48 3211119 Postage 0.01 0.01 0.02 2X11117 Fax/Internet 0.58 0.90 1.48 3221104 Registration fees for vehicle - 1.21 1.21 3211115 Water 0.30 0.10 0.40 3243101 POL for Vehicle - 0.73 0.73 3255102 Printing & Binding 1.34 0.57 1.91 3255104 Stationery, Seals & Stamps 3.91 4.56 8.47 3211125 Advertising & Publicity 6.77 4.43 11.20 3211111 Study Tour/Seminor 103.72 29.41 133.13 3221106 Transport Charges 25.88 19.38 45.26 3257101 Consultancy Fees- Procurement Specialist 30.66 3.62 34.28 3257101 Consultancy Fees- Financial Mgt. Specialist 27.62 32.95 60.57 3257101 Consultancy Fees- Urban Env. Specialist 4S.55 30.12 75.67 3257101 Social Development Specialist 4.45 27.12 31.57 3257101 Professional Engineer 3.20 22.48 25.68 3257101 Site Engineer 1.50 13.67 15.17 3257101 Community Mobilization, Design, Supervision and 185.68 1,049.38 1,235.06 ICT Consultant 3257101 Monitoring and Evaluation Specialist 4.38 87.30 91.68 3257101 Consultant Travel cost 1.48 8.15 9.63 3257206 Honorarium/Fees/Remunaratlon 3.24 2.69 5.93 3258101 Vehicle Maintence 1.48 1.48 3258103 Repair & Maintenance of Computer & Qffice 0.10 0.72 0.82 Equipment 3258104 Refurbishment of Office - 0.22 0.22 3221108 Bank Charge -0.60 0.60 desh Ban 41,95 41.95 Total Revenue 476.60 1,424.18 1,900,19 0 ffie Bulldings 160.75 4.12 164.87 1333,59 4111Office Vehicle 13.9133.59 412202 Computer & Accessories 5.14 1.18 6.32 4112310 Office Equipment (AC) 0.98 3.19 4.17 4112314 Office Furniture 9.84 0.15 9.99 4141101 Acquisition/Purchases of Land 899.50 256.83 1,156.33 4111307 Constructin of Tertiary Infrastructure 17.25 17.25 4111315 Construction of Envirnment and social 2.30 2,30 Management Mitigatlon Total Capital 1,076,21 418.61 1,494.82 Total Expenditure 1,552,81 1,842.79 3,395.61 Closing Cash Balances Special Account Project Operating Account (RPA) 1,257.02 1,350.02 1,350.02 Project Operating Account (GOB) Total Expenditure and Cash 2,809.83 3,192,81 4,745,63 (Md. Sha amal) (S A M FazIul Kabir) Financial Management Specialist Project Director AUDIT OPINION ON SOE We have audited the Statement of Expenditure (SOE) of the "Low Income Community Housing Support Project (LICHSP)"financed by IDA Credit No.5780-BD as on 30"' June'2019 submitted to the IDA for reimbursement of expenditure in accordance with the IDA Credit No.5780-BD Dated 30- 06-2016. The audit has been conducted following international standards on auditing which includes tests of the accounting records and supporting documentation. In our opinion, the presentation and submission of claim to IDA authority on the basis of Statement of Expenditure (SOE) was valid and can be relied upon by IDA. (Taslema Sultana) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-9361788 9 AUDITOR'S REPORTS ON SPECIAL ACCOUNT 1. We have audited the special account statement of "Low Income Community Housing Support Project (LICHSP)" financed by IDA Credit No.5780-BD as on 30"' June'2019 submitted to the IDA for re-imbursement of expenditure in accordance with the IDA CreditNo.5780-BD,Dated 30.06.2016. 2. Our audit was carried out in accordance with international standards on auditing. Accordingly, our audit included such review of the tests of the accounting records and supporting documentation, verification of accounts balance and reconciliation that we have considered necessary under the circumIlstances. 3. The accompanying special account statement was prepared on the basis of initial deposits and withdrawal for the purpose of complying with above agreement. 4. In our opinion the receipts are properly accounted for and withdrawal were made for the purpose of the project in accordance with Credit agreement the above special account gives a true and fair view of the beginning & ending balance and the account activity for the year ended 30"' June 2019 on the basis of cash deposits and withdrawals. 5. The special account is being maintained according to the approval of Finance Division. The withdrawal of money is in accordance with authorization of Finance Division. (Taslema Sultana) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-9361788 11