AUDITOR'S REPORT. Il We conducted our audit in accordance with International Standards on Auditing. Public Disclosure Authorized

Transcription

1 Secretary Ministry of Hlousing & Public Works Bangladesh Secretariat, Dhaka. AUDITOR'S REPORT 1. We have audited the accompanying Financial Statement of the "Urban Resilience Project(URP):RAJUK Part" financed by IDA credit No.5599-BD as of 30 June 2016 and for the year then ended. The preparation of the Financial Statement is the responsibility of the management. Our responsibility is to express an opinion on the Financial Statement based on our audit. Il 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 Statements are free from materials misstatement, An audit includes examining, on a test basis, evidence supporting the amounts and disciosures in the Financial Staternent. An audit also inciudes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall Financial Statement presenlation. We believe that our audit provides a reasonable basis for our opinion ln our opinion, the Financial Statement gives a fair view in all material aspect of the financial position of the "Urban Resilience Project(URP):RAJUK Part" as of 3' ljune, 2016 and the results of its operations and cash flows for the year then ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. IV. Opinion Status: Unqualifiecd (Md. Abu Kalamii Azad) for Direetor General Foreign Aided Projeets Audit Directorate, IAm n;sc r ReponADB0 IS 445-ADBF-Lrl:m ResiIence Pinjcc(l 'ulid sir-2).duo

2 Urban Resilience Projeet (URP): RAJUK Part Project Financial Statenent Ist July 2015 to 30 June 2016 nfrm Deweopew ResuarC a Currenitulativ Currem Resources Notes prior Period Period F5eriod n0100 I 00 nea--1-e- -- nto<t)vipf~; ate ) Dbrect >ayimcnt (1y IDAiWorld Bn- - - Resouces (Bank Interest) Cash Opening Balance -- _ Total Resources C- L Expenditure and Cash C013 Part Expeuses Project ersonnel (GOB) Honorarium(GOB) SuI_-total of _ ,59 Office Rent ---, J 47, Consultncy -. 2 Sub-total of IDA _ L Grand Total(GOB and IDA) Cash Closing Balance C ash/ank Closing Balance(Kept by GOB0 Ni Nil FSpecia Accnt CNÑT ASA) -- Operming Account (RPA) Operating Account (0B total Expenditure and Cash ,31I l A'

3 Urban Resilience Projeet (URP): RAJUK Part Projeet Financial Statement NOTES TO FINANCIAL STATEMENT 30 June, 2016 L CGOVER.MENT OF BANGLADESH: Description Year Up to 30 Deser Year June 2015 Year Total Disbursement by the GOB - I Less: Refund to GOB Less: Refund to G0B ,41 Total: ,59 Note: We refund the excess release GoB amount of Tk.2.50 lakb to govemment treasury for FY (Revised budget allocation was only Tk lakh for the project) 2, LOAN/GRANT FROM DEVELOPMENT PARTNER: 1DA has provided funds to the project to cover its share of eligible project expenditures in accordance with the following withdrawal procediues ( In lakh Taka) Description Yearear J 2014 o Year Toal DJisbursnient by IDA to Desienmted Account 1Direct payment by IDA 0.00 ø, (-) Refund to IDA ,00 Tutal )' OTHER RESOURCES: Other resources consist of the following' Description Year Up to 30 V 0 1T Year YJUp 30 ear Total Bank Interest Nil Nil NH Total NiI Ni] Nfl 4. CASH: The Project maintains one bank accomnt. which is kept at Janatn Bank Ltd, Sher-e -Bangla Nagar Corporate Braneh, Dhaka to hold funds advanced by IDA, Year end and cash ba[ances were as follows (In lakh tk,) Description Year Up to 30 Year Je 2015 Year Total Oper Account jni NiT Nd AL.JL LATh- HELAL-

4 ALDtORS PJOORT ON SPMEAL ACCOUNT We have audited the Special Account of "Urban Resilience Project(Rajuk Part) financed under IDA Credit No-5599-BD for the year Our audit was carried out following International Auditing Guidelines. Accordingly, our audit included such review of systems of internal control tests of accounting records & supporting documentation, verification of account balance and other auditing procedures that are considered important under the circumstances. 3. The accompanying Special Account Statement was prepared on the basis of cash deposit & withdrawals for the purpose of complying with the IDA credit No B3D, 4. In our opinion the receipts are properly accounted for and withdrawals were made for the purpose of the projeci in accordance with the Loan Agreement and the Special Account Statement gives a fair view of the beginning and ending balances and the account activity for the year ended June 2016 is on the basis of cash deposits & withdrawals. (AMd. A L K 1,l A-at) for Director General Foreign Aided Projects Audit Directorate. E Mrinu5iw,'xr auh RepooA1Q2dis1- lo-4s-adbf-u.rbamnresinczpu>jeca-towhid sur.2).doci4

5 AlDff OPINION ON We have audited the statements of expenditure (SOE) of "Urban Resilience Project(Rajuk Part)", for the year , submnitted expenditure in accordance with IDA Credit No.5599-BD. to reimbursement of 2. In our opinion, the SOE can be relied upon, to support the application for Credit disbursement by the IDA against expenditure incurred for the purpose of the projeet as specified in the particulars of withdrawal applications. 3. The audit was conducted following International Standards on Auditing. Accordingly, it included such tesis of accounting records and supporting documentation, review of systems of internal controls so far exists, adopting necessary auditing procedures that we considered essential under the circumstances. Particula r of withdrawal applica tion: The particulars of withdrawals on the basis of SOL as submitted to the audit team are shown in the enclosed statement. OPM OM In our opinion the statement of expenditure subnitted can be relied upon to support the expenditure ineurred for the purpose of the project as specified in the particulars of withdrawal application. Opinion Status: Unqualified. (Md, Ab I Ealnm d) for Director General Foreign Aided Projeets Audit Directorate.