A UDITOR 'S REPOR T. Audit Completion Date:

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1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized To A UDITOR 'S REPOR T. The Secretary Ministery of Disaster Management and Relief (MoDMR) Bangladesh Secretariat, Dhaka 1000, Audit Completion Date: L. We have audited the accompanying Financial Statement of the "Urban Resilience Project (URP) : Department of Disaster Management (DDM) Part" financed by IDA Credit No.5599BD as on 30tt' June'2016 & for the year then ended. The Preparation of the Financial Statement is the responsibility of Management. Our responsibility is to express an opinion on the Financial Statement based on our audit, I. 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 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. Ill In our opinion, the Financial Statement gives a fair view in all material aspects of the financial position of "Urban Resilience Project (URP): Department of Disaster Management (DDM) Part" financed by IDA Credit No.5599BD as on 3 0 " June'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. Public Disclosure Authorized IV, Opinion Status: Unqualified. (Mohammad Aminimul Ehsan Kabir) Deputy Director for Director General Foreign Aided Project Audit Directorate Tel : H:\AIR URP DDM Pad 201r4o 7

2 Urban Resience Project (DDM Part) PROJECT FINANCIAL STATEMENT As on 30 June, 2016 (Figuro in Lakh Tal comulétive Current Cumulative Resources N Prior Period Period Current Period Govment of Bangladesh ,30 Grant from Development partner 2 1,000L00 1, Other resourcees 3 Cash opening balance 4 Total Resources 1,012,30 1, Expnditure and Cash 1Manpower 2. Travel Cost 3. Transfer Expense 4. rtime allowance Ofßce Rent ß ecle Hire ,64 7. VAT/TAX 8. Postage, Tele., Mobile, Talex,Fax,Internet Registration Fee 10. Water/Electricity 11. Gas/Petrol/energy 12. Bank Charge Printing & Pubilication OKýStationery/Seal/stamps/others 15.ßeks & periods /0.0;1., rertisement Training/Workshop 18. Entertaintment Iregular labour, Spareparts & Others 0, eConsultancy Honourariurn/Fee/Remuneration 22. Computer Accessories 23. Repair & malntanance 24. Vehicle 25. Equipment 26. Computer, Software and Accessories 27. Furniture 28, Tele Comunicatio Equipment 29, WorksERCC/NDMRTI Total Expenditure Cash Closing Balance CONTASA/OperatingLoan iefátligi AýdbUrit (PA) _ Operating Account (GOB) Total Expenditure and Cash 1, ,012.30

3 1. GOVERNMENT OF BANGLADESH Urban Resilience Project (DDM Part) (IDA Credit No. 5599BD) Notes to the Financial Statement Founds 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 funds that have not been expend will be surrendered and refund to GoB. Inception to 30 June 2015 For the Year Inception to 30 June 2016 Disbursment by GoB Less: Refund to GoB Total Expenses , 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 (name lender/donor) after the conclusion of the project, have been drawn by the project in a Inception to 30 June 2015 For the Year Inception to 30 June 2016 Initial deposit (Advance) against Credit DPA (Direct Payment) RPA Loan (SOE Procedure) RPA (Non SE procedure) 0, Other Less: Refund to Donor Total OTHER RESOURCES Other resources consist of the following: Project Revenue Exchange gains/losses Inception to 30 June 2015 For the Year Inception to 30 June 2016 Total CASH The project maintains 2 bank accounts, an imprest/operating bank accountl, or revolving find, which is kept at Sonali Bank to hold funds advanced by IDA, and an operating accounting, which is kept at a commercial bank to hold ftids advanced by GOB. Year and cash balances were as follows (in lakh taka) Inception to 30 June 2015 For the Year Inception to 30 June 2016 CONTASA/OperatingLoan Operating Account (PA) ,0a Operation Account (GoB) Total

4 Audit opinion on Interim Unaudited Financial Reporting (IUFRs)/SOE. I. The fund was released by World Bank on the basis of IUFRs prepared and submitted by Project Authority to the World Bank. We Examined the IUFRs relating to financial year II. II of the Project and found that all IUFRs were correct based on Books of accounts. We have audited the Interim Unaudited Financial Reporting (IUFRs)/SOE of the "Urban Resilience Project (URP) Project Coordination & Monitoring Unit (PCMU) Part" financed by IDA Credit No.55990BD as of 30"' June'2016 & for the year then ended submitted to the International Development Association (IDA) for reimbursement of expenditure in accordance with the IDA Financing Agreement. The audit was conducted following International Standard on Auditing. Accordingly, it included such tests of accounting records and supporting docurnentations, review of systems of internal control, so far exists, adopting necessary auditing procedures that we considered essential ender the circumstances, Withdrawal/IUFRs Particulars. a) The particulars of withdrawal on the basis of IUFRs as submitted to the Audit Team are shown in Annexure, b) One (01) withdrawal Application was submitted by the project authority to World Bank for reimbursement for the financial year c) The presentation and submission of claim to IDA by the project authority on the basis of IUFRs was valid and supported by adequate documentations. Opinion. In our opinion, the World Bank could rely upon the statement of expenditure to support the applications for credit disbursement of expenditure incurred for the purpose of the project specified in the particulars of withdrawal application. (Mohammad mimul Elisan Kabir) Deputy Director for Director General Foreign Aided Project Audit Directorate Tel: H:\4IR URP DDM Part 201&doc 14

5 AUDITOR'S REPORT ON SPECIAL ACCOUNT (CONTASA).. We have audited the Special Account (WB Designated CONTASA Account) is being operating with Sonali Bank Ltd. Mohakhali Branch, Dhaka. vide a/c no.std of Urban Resilience Project (URP) : Department of Disaster Management (DDM) Part" financed by IDA Credit No.5599BD as of 30th June'2016 & for the year then ended. 2. Our audit was carried out following International Standard on Auditing Guidelines. Accordingly, our audit included such review of system of internal control, tests of the accounting records and supporting documentation, verification of account balances and other auditing procedures that we considered necessary under the circumstance. 3. The accompanying Special Account Statement was prepared on the basis of cash deposits and withdrawal for the purpose of complying with the above Financing Agreement. (Statement enclosed). 4. In our opinion, the receipts are properly accounted for and withdrawals were made for the purpose of the project in accordance with the credit agreement and the above Special Account Statement gives a true and fair view of the beginning & ending balances and the account activity for the year ended 30th June, 2016 on the basis of cash deposits & withdrawals. (Mohammad Animul Elhsan Kabir) Deputy Director for Director General Foreign Aided Project Audit Directorate Tel: H:\AIR URP 0DM Pat 2016,do 15

6 5 Print Dale 0Aug201i Print Time 3:53 PM MOHAKHALI Usar ID MOHAKHALI B.S. Avenue Dhaka STATEMENT OF ACCOUNT URBAN RESILIENCE PROJECT (DDM PART> DA CREDIT NO: Branch: 1206 MOHAKIHAU B,B. Avonuo Dhlaka Currency : BDT Opening Date : 10Dec (93 MOHAKHALI DHAKA Account Number : Intorest Rata : 0 Accounf Type : SND Spesial NDlicu Deposil Accouni Pøriod:01Jan Jun2016 Status Active Dale Value Date Originatling Branclh Transaction Debilt Credit Balance Opafning Balance May201 09May2016 Local olice 10,00,00, ,00,00,000.00cR 24May May2016 Chequa Book lgsua Charges ,99,99, Co 26May May2016 KRlud«dinINSTNUM CB ,910,00 9,99,91,590.o0ca 29May May2016 Cr INST NUM C i36, ,96,55,59000 Co 05Jun Jun291 1ash Wilhdnnaa INST NUM CB , ,96,51, cr 05Jun2016 0fJun2016 Gi INST lum CR ,76, ,96,74, cn 05Jun Jun2018 CLr INST NUM CB ,496, ,48, un 14Jun Jun2016 Cash WLthdiawalINST NUM ,51,600,00 9,94,97, ca 2DJun Jun.2016 C INST NUM CR ,000,00 9,94,21, en 23Jun Jun2016 CLR INST NUM 0B ,87,09,00 9,92,34, ca 23Jun Jun2016 Cash Dpsil 60,100, ,02, ca 20Jun2b16 2AJun201r Cash Wilhdrawai INST NUM GB ,92,99, c 28Jun Jun2918 CLR INST NUM CR ,92,94,632i ca 29Jun Jun2011 CLR INST NUM CB ,225..O0 992,36, cr 30un Jun2011 CIriNSTNUM CB72215s7 23,283.O0 9,92,13,123,25c 30Jau Jun2015 Gir1,1STNUM13B ,61, ,89,52,123.25ca 329Jn2016 3Jun2016 Gir INST NUM C B , ,89,02, ca 20Jun un2016 Cir INST NUM CB , ,86,59,380,26ca 30Jn Jun2016 CIr NST NUMCB ,49, , c Grand Total 14,61, ,00,68, Gloalng Balance 9,99,98,390,2Gco Balance C/F 9,86,0G, CR """End of Report *"... PagD 1 of 1

7 Urban Resilience Project (DDM Part) Department of Disaster Management Bank Reconciliation Statement (IDA Credit5599) June 30, 2016 Amount in BDT Reference Sub Amount Total Amount Bank balance as per cash book at 30 June, 2016: 98,491, Add: Bank credited but not recorded in the cash book: Date Details Less: Bank Debited but not recorded in the cash book: Date IDetails Add: Cheque issued but not cleared from bank: Date Details 30,06.16 MisselenousWater Filter , MisselenousPhotographs of PM & Father , ,06.16 Station eryelec. Light, Plug , AdvertisementSpecialist Bangladesh pratidin , AdvertisementSpecialist Daily Star , AdvertisementOutsourcing Amader Orthonity , ,06.16 AdvertisementOutsourcing Daily Star , ,06.16 Advertisement Office Space Daily Observer , Advertisement Office Space Shanbad Ltd , Less: Deposted to bank but not credited by bank: Date Details 115, Balance as per Bank statement at 30 June, 2016: 98,606,350,25 7