AUDITORS REPVORT<. Audit Coinpletion Date: 04.10.2018. Secretary Planning Division, Ministry of Planning Sher-eBangla Nagar, Dhaka. We have audited the accompanying Financial Statement for the year 2017-2018 of the the "Urban Resilience Project (URP) : Project Coordination & Monitoring Unit (PCMU)" financed by -DA Credit No.5599-BD as on 30'" June'2018 and for the years then ended. 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 .ccordance with International Standards on Auditing. Those standards iuoire that we plan and perform the aidit 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 anounts 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. In our opinion and according to the statement of ISSAI 1705, the financial statement gives a true and fair view in all material respects of the financial position of the "Urban Resilience Project (URP): Project Coordination & Monitoring Unit (PCMU)" financed by IDA Credit No.5599-BD as on 30"' June'2018 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 3001 June'201 8. Opinion Status: tJnquatified. Opinion on special accounts, SOE/IUFR has been given separately (Sarlkar Mohanin ad Khairul Alarn) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 83915418 (frban Resilience Projeci(URP) kOject Coordiation a 0Onioring Jn1 (DM vJ) Project Financial Staternent 30th June, 2018 Figure in lakh Taka) Cumulat: Lu.:ou Cuwl, ve Pr Period Pi..d CurreK ror Government of DinJadesh 1.74 242 Loan fiorn Development Partner(IDA) 2 __240.00 20r0.00 40.00 Other resources 3 _ 4 Meih(~ peIng B2ance 13 g Cii. saarv and Allowances 02 Suppiy and Sevice 48.29 209,66 03 Repair and Maintenance 04. Acquisltion of Asset 11.96 11118 05. Block Allocaion 06, ConiingenC\, Total Expencitures _}60.25 320.843 lm \crpt ur n ti O erat,ing Accouri (RPA) ______181.49 63114 6 7.1'5i O_eratin Account GOB - TaIpnduean sh 241.74 38.8 2 EAURPI Project\MA TIMURP Audit 2017-1B\URP Audit, S (2016-2017) .xIs Urban R i lce Projec(URP) Project Coo,ration and Monitoring Unit (P MU) NO TES TO FINANCIAL STATEMENT 30th June, 2018 1, GOV r T OF BANGLADESH Fund are allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditures, as specified in the Project Proforma and in the Annual Development Programme for each of the project. Any allocated funde that have not been expended by the end of a fiscal year lapse and must be returned to GOB . GOB contribution to the project since inception are as follows (In Lakh Taka). Inception to 30th -or the Year Inception to 30th June 2017 2017-2018 June 2018 Allocated by GOB 2.40 16.25 18.65 Loss: Un-utilized by Project 0.66 13.76 14.42 Total: Actual expenditure 1.74 2.49 4.23 2. LOAN FROM DEVELOPMENT PARTNER The IDA has provided funds to the project to cover it's share of eligible project expenditures These funds, which must be repaid to IDA after the conclusion of the project have been drawn by the proiect in accordance with the folloving withdrawal procedures (in Lakh Taka) inception to 30th For the Year Inception to 30th June 2017 2017-2018 June 2018 Initial Deposit (Advance) 90.00 - 90.00 DPA (Direct Payment) _ RPA (SOE Procedure) 150,00 200.00 350.00 RPA (Non SOE Procedure) Others Total: 240.00 200.00 440.00 3. OTHER RESOURCES Not Applicable Other resources consist of the following: Inception to 30th 7or the Year Inception to 30th June 2017 2017-2018 June 2018 Project Revenues - __- Exchange gains/losses_ 4. CASH The project maintains two bank account, an (CONTASA bank account for RPA fund, which is ept at Janata Bank Ltd,Shere e Bangla Nagar Branch to hold funds advanced by IDA, and an operating accounting, which is kept at Janata Bank L.td,Shere e Bangla Nagar Branch aiso to hold funds advanced by GOB . Year end cash balances were as follows (In Lakh Taka): Inception to 30th For the Year Inception to 30th Jure 2017 2017-2018 June 2018 Imprest Account Operating Account (RPA) 181.49 63.14 6 3.14 Operating Account (GOB) _ Total: 181.49± __ 63.14 63.14 E:\URP ProjecMTIN\IURP Audit 2017-18tURP Audit FS (2016-2017) .is A UDIT OPNT _'ON HIJFIZ/S(.E We have audited the Interim Un-audited Financial report(rUFR) statement of expenditure (SOE) of the "Urban Resilience Project JURP) : Project Coordination & Monitoring Unit (PCMU)" financed by IDA Credit No.5599-BD as on 30' June'2018 submitted to the IDA for re- imbursement of expenditure in accordance with the IDA Credit No.5599 Dated 22-02-2015 The audit was conducted following international standards on auditing which includes tests of thc accoounting records and supporting documentation. In our opinion, the presentation and subaission of claim to IDA authority on the basis of Interim Un-audited Financial repott (IUFR)/SOE w,as valid and can be relied upon by IDA. (4 (Sarkar Mohammad Rhairul Alam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone:8391548 7 S 0 W PECIALACCOUNT 1 We have audited the special account statement of "Urban Resilience Project (URP) Project Coordination & Monitoring Unit (PCMV;U)" financed by IDA Credit No.5599-BD as on 301" June'201R submitted to the IDA for re-inbursemrent of expenditure in accordance with the IDA Credit No.5599 Dated 22.02.2015, 2. Our audit was carried out in wcordance with internatonal standards on auditing, ccordingly, our audit included such review of the tests of the accounting records and supporting doenentation, verification of accounts balance and reconciliation that we have c0nsidtrcd necessary under the cir-cunstances. 31The accompdnying special account slaternent was prepared on the basis of initial deposits and withdrawal for the purpose of complying with above agreoment. 4. In our opinion the receipts are properly accounted for and withdrawal were made for the purpose of the project in accordance wviih Credit agreement the above special account gives a tmi, and fair viev of the beginning & ending balance and the account activity for the year ended 30n' June 2018 on the basis of cash deposits and withdrawals. 5. The spcial account is being maintained according to the approval of Finance Division, The withdrawal of money is in accordance with authorization of Finance Division. (Sarkar Mohammad Khairul Alam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 8391548 Urban Resilience Project (URP) :PCMU SPECIAL ACCOUNTS STATEMENT For the Year Ending June 30,2018 Account No. STD-.38000-1335 Depository Bank : Janata Bank, Sher-e-Bangla Nagar Br. Address Block # 13, Ground floor, Sher-e Bangla Nagar, Dhaka-1207, Bangladesh Related loan/crodit agreement No. 5500 BD (',rrency : Taka in lac PartA-Account Activity Beginning balance (July 01, 2017) 18149 Add Total amount deposited by World Bank 200.00 Ttual interest earnings if deposited in account Total amount refunded to cover ineligible expenditures Deduct: Total amount withdrawn 318 3 total serice ch,;rges if not included above in amount withdrawn Ending Balance (June 30, 2018) 63.14 Part-B-Account Reconciliation 1, Amount advanced by World Bank 440.00 2. Less total amount recovered by World Bank 125.33 3, F(quals present outstanding amount advanced to the Special Account at fiscal year end 30 June 2018 (mm/dd/yy) .314.67 4, Ending balance of Special Account at fiscal year end (June 30, 2018) 63.14 5. Plus amounts claimn d ano not yet credited at fiscal year end (June 30, 2018) Application No. Anount 6. Plus amounts withdrawn and not yet claimed (June 30, 2018) 25153 7. Less interest earning (if included in Special Account) 8. Plus service charges (if not included in lines 5 and 6 above) 9. Equals otal advance to Special Account accounted for at fiscal year end 30 June 2018 314.67 VA C:/lui2901 2/cptulFinance ManagerAufiol-si Ai n Umar Bislivv Page I CA 1 lifitimu GonrPr3~Pojec Director URP:PCMU