Ma. Francisca Macie - (A Coordenadora do PCMC)

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1 Public Disclosure Authorized Public Disclosure Authorized REPÚBLICA DE MOÇAMBIQUE MINISTÉRIO DA ADMINISTRAÇÃO ESTATAL E FUNÇÃO PÚBLICA DIRECÇÃO NACIONAL DE DESENVOLVIMENTO AUTÁRQUICO Projecto de Cidades e Mudanças Climáticas - PCMC Unidade de Gestão do Projecto (Crédito MZ) AO Elvis Langa - Especialista em gestão Financeira. Banco Mundial Av: Kenneth Kaunda, NO1224 Maputo Public Disclosure Authorized Public Disclosure Authorized N/Refa.319/UGP/PCMC/2017 Maputo, 23 de Agosto de 2017 ASSUNTO: ENVIO DO RELATORIO DE AUDITORIA DO MAEFP - DNDA Exmo. Sr. Elvis Langa, De acordo com o assunto em referência, enviamos em anexo por forma a tomar conhecimento Banco Mundial, o Relatório Final de Auditoria e a respectiva Carta de Recomendações do Ministério de Administração Estatal e Função Pública - MAEFP - DNDA referente ao exercício económico do ano de Sem mais subscrevemo-nos com elevada consideração. Ma. Francisca Macie - (A Coordenadora do PCMC) PCMC - Projecto Cidades & Mudanças Climáticas, Av. Guerra Popular, Edificio do CPD, 7 Andar porta N'. 711, TeL.: , , , Maputo Moçambique

2 Financial Statements AUS Ministry of State Administratlon and Public Function NationalDirectorate of Municial DeVelopMent Cities and CIlimate Cnang e Project Credit number 5066B- MZ Foi- te yeai onded 310Ueee 201B

3 Financial Statements for the year ended 31 December 2016 Index Page Independent auditors' report 2-3 Cumulative statement of receipts and payments 4 Statement of receipts and payments 5 Statement of designated account 6 Notes to the financial statements 7-12 Disbursement summary 13 Statement of Management Responsibilities The management of the is responsible for the preparation and presentation of the financial statements for the year ended 31 December 2016, which comprise of statement of receipts and payments, statement of designated account and the notes to the financial statements, which include a summary of significant accounting policies and other explanatory notes, in accordance with the cash receipts and disbursements basis of accounting described in note 2. Management is also responsible for determining that the basis of accounting is an acceptable basis for preparing and presenting the financial statements in the circumstances; for such internal control as the management determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error; and for maintaining adequate accounting records and an effective system of risk management. Management is also responsible for the other project internal controls and for compliance with the relevant project agreement terms and local laws and regulations applicable to the Cities and Climate Change Project. The responsibility for the prevention and detection of non-compliance rests with management. Approval of the financial statements The financial statements of the project for the year ended 31 December 2016 and the accompanying notes, as indicated above, were approved by the management on 15 August 2017 and are signed on its behalf by: Project Coordinator Project Finance Manager 1

4 Other Information The Management is responsible for the other information. The other information comprises the Management' responsibility statement. The other information does not include the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and we do not express an audit opinion or any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed on the other information, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the Management for the Financial Statements The Management is responsible for the preparation and fair presentation of the financial statements in accordance with the basis of accounting described in note 2 and for such internal control as the Management determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the 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 skepticism throughout the audit. We also: * Identify and assess the risks of material misstatement of the 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 the Management. * Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 3

5 We communicate with the Management 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. KPMG, Registered Audit Firm Ae se ed by: Abel Jone G iaguaia, OCAM no 04/CA/OCM/ August 2 7 4

6 Cumulative statement of receipts and payments Cumulative from May 2012 to 31 December 2016 Note Cumulative up to 31/12/2016 USD Description Receipts Disbursements from IDA Total receipts Payments Goods, works, consultant services, non-consultant services, training and operating costs (1) Municipal Performance Grant (3) Total payments Closing balance as at 31 December

7 Statement of receipts and payments for the year ended 31 December 2016 Note 2016 USD Description Receipts Opening balance Disbursements from IDA Total receipts Payments Goods, works, consultant services, non-consultant services, training and operating costs (1) Municipal Performance Grant (3) Total payments Closing balance as at 31 December

8 Statement of designated account for the year ended 31 December 2016 Description Actual USD Receipts Opening balance Disbursements from IDA Total receipts Payments Goods, works, consultant services, non-consultant services, training and operating costs (1) Municipal Performance Grant (3) Total payments Closing balance as at 31 December

9 Notes to the financial statements for the year ended 31 December Project background On 04 May 2012 a credit agreement was signed between Republic of Mozambique and International Development Association (IDA) to finance the Cities and Climate Changes Project in an amount not exceeding USD The overall objective of the Project is to strengthen municipal capacity for sustainable urban infrastructure provision and environmental management which enhance resiliency to climate related risks. The project consists of the following parts: Part A: Strengthening of the Municipal sector Increase municipal capacity to sustainably plan, manage and finance climate resilient urban development, including through the strengthening of the Recipient's institutions underpinning its municipal system in order to improve sustainable decentralized financing and management of the urban environment and infrastructure. Part B: Enhancing resilience of strategic municipalities in coastal cities Enhancement of selected municipalities, including those in Beira, Nacala and Maputo metropolitan area, for sustainable resilience to whether - related environmental threats. 2. Basis of accounting The following paragraphs describe the main accounting policies applied consistently by the project. 2.1 Accounting convention The financial statements are prepared on a cash basis of accounting under the historical cost convention. 2.2 Currencies The books of account of the Project are maintained in United States Dollars (USD). The financial statements are also expressed in United States Dollars (USD) unless otherwise stated. The transactions in other currencies are translated to USD at the official exchange rate ruling at the date of the transactions. Closing balances in other currencies are translated at the exchange rate ruling at period end date. 2.3 Fixed assets Fixed assets acquired by the Project are expensed in the year of purchase. 8

10 Notes to the financial statements for the year ended 31 December Municipal Performance Grant (category 3) This Municipal Performance Grant is detailed as follows: Closing balance Opening Disbursed by Expenditure at 31 December Municipal Council balance USD PCMC USD USD 2016 USD Matola City Chibuto Village Chimoio City Chockwe City Inhambane City Maxixe City Massinga Village Catandica Village Macia Village Manhiga Village Gondola Village (35) Gorongosa Village (1 722) (1 722) Manjacaze Village Namaacha Village Vilanculos Village Manica Village Moatize Village Ul6ngu6 Village Tete Village Xai Xai Village Other Total

11 Disbursement summary as at 31 December 2016 Expenditure Total Disbursement Disbursement Total Credit credit in prior years during the disbursement available as agreement year as at at 31/12/ /12/2016 SDR SDR SDR SDR SDR Category Category 2 - ( ) - ( ) Category Designated account ( ) Total Category 1 - Goods, Works, Consultant services, non-consultant services Category 3 - Municipal Performance Grant 14

CONSELHO MUNICIPAL PELGURO DE FINANÇAS. Ao Banco Mundial Av. Kennet kaunda Att: Sr. Elves Langa

Public Disclosure Authorized CONSELHO MUNICIPAL PELGURO DE FINANÇAS Public Disclosure Authorized Ao Banco Mundial Av. Kennet kaunda Att: Sr. Elves Langa Public Disclosure Authorized Nota N?Z/GVF/CMM/2017