Public Disclosure Authorized AUDIT< R'S REPORT A udit Completion Date:0 ::!1 0..!014 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized S cretary Local Government Division Mini try of LGRD & Cooperatives (Local Govt. Division) Banglddcsh Secretariat Dhaka!( 0. I. We hav audited the accompanying financial statement of Dhaka \\'nter supply & Sanitation Project' financed by IDA under credit no4506 BD as on 30 June 2014 and f r 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 Statem nt based on our audit. II. We conducted our audit following International Standards on Auditing. Those standards require that we plan & perform audit to obtain reasonable assurance about whether the Fin.mcial Statement is free from material misstatement. An audit includes examinations on a test basis, evidences supporting the amounts and dis losures in the Financial Statement. An aud it also includes assessing the accounting principles used & significant cstim.ttes made by management, as well as evaluating the overall Financial tatement presentation. We believe that our audit provides a reasonable basis for our opinion. Ill. In ur pinion, the Financial Statement gives a fair view in all materials aspects of the financial position of 'Dhaka Water supply & S~mitation Project ' financed by IDA under credit no 4506 HD as on 30 June, 2014 and the results of its operations & C<l! h flows for the year then ended in accordance with followed by the government of Bangladesh. 1 V. Opinion status: Unqualified. ~ I, I L:l L( Deputy Director / For Director General Foreign Aided Project Audit Directorate
Project Name : Dhaka Water Supply & Sanitation Project IDA Credit No.4506 80 Project Financial Statement 30th June'201 4 (Figure m lac 1 aka I Resources Notes Cumulative Prior Current Period Period 1 2 3 4 Govern ment of Bangladesh GOB 1 1,325.00 Other Resources Add Interest 26.67 Loan from Development Partner/World Bank DOSA 2 9,621.89 8, 134.84 Oth er Resources Adv Direct Payment 1, 559.92 3,01 9.90 Other Resources Add Interest 3 76.66 Other Resources/Loan from WASA 4 326.65 Other Resources (Sale of tender form) 2.79 Cash Opening Balance (CONT ASA) 275.58 Cash Openmg Balance (GOB) 41.75 Total Resources 12,936.79 11,474.86 Expenditure & Cash 1 Goods 2 Training 1, 595.15 66.77 81.25 3 Consultancy 2,145.60 863.22 4 Resettlement 205.66 20. 87 5 Administrative 41 1.05 76. 78 6 Works (Const.) 5,574.13 7,1 85.33 7 Interest Paid to Govt 72.29 8 Refu nd to the Govt 967.40 9 Bank Ex duty (CONTASA) 4.35 10 Bank Ex duty (GOB) 2.66 11 Direct Payment! L. C 1,559.92 3,019. 90 12 Total Expenditure 12,619.46 11,232.87 Cumulative Current Penod 5 1,325 00 26 67 17.7o6 73 4, 579 8?_ 76 66 326 65 2.79 24,094.32 1,661.92 81 25 3,008 82 226. 53 487 83 12,759 46 72 29 967 40 4.35 2.66 4,579 82 23,852.33 Cash Closing Balance Designated Account (RPA) 275.58 240.76 Operating Accou nt (GOB) 41. 75 1.23 Total clos ing balance 317.33 241. 99 Total Expenditure & Cash 12,936.79 11,474.86 240.76 1 23 24 1 99 24,094.32 Note Notes to Financial statement Less refund gp ~,B ~d Tk967.40 was shown in previous year F/S as Expend1!ure f c~~ 1 ~ / r " 7./...... r r.....,
... Project Name : Dhaka Water Supply & Sanitation Project NOTES TO FINANCIAL STATEMENT 30th June'2014 GOVERNMENT OF BANGALADESH Fund are allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditure Figure in lac Particulars Inception to 30th For the year Inception to 30th June'2013 201014 June'201 4 Disbursement by GOB 1325.00 0.00 1325.00 Less. Refund to GOB 967.40 0.00 967.40 Total 357.60 0.00 357.60 2 LOAN FROM DEVELOPMENT PARTNER/ WORLD BANK The (name of the Development Partner) has provided fu nds to the project to cover it's share of eligible prior Particulars Inception to 30th For th e year Inception to 30th June'20 13 201014 June'2014 Fund from IDA 9621.90 81 34.84 17756.74 D1rect Payment 1559.92 3019.90 4579.82 DOSANc Others ( Re1mbersment) 326.65 326.65 Total 11508.47 111 54.74 22663.21 3 OTHER RESOURCES 0 t h er resou rces cons1st o f th e f o II ow1ng. Particulars Inception to 30th For the year Inception to 30th June'2013 201014 June'2014 Loan from Revenues (WASA) Exchange gains/ losses Bank interest 77.86 0.00 77.86 Total 77.86 0. 00 77.86 4 CASH Tne project ma1ntams two bank accounts, CONT ASA bank account. which is kept at Janata Bank Ltd to hold funds advanced by IDA and an operating accounting, Anather Bank Account GOB Fund kept Janata Bank Ltd Year end cash balance were as follows (In lac Taka). Particu lars Inception to 30th For the year Inception to 30th June'2013 201014 June'2014 lmprest Account 0.00 0. 00 0.00 Operating Account (RPA) 275.58 240.76 240.76 Operating Accou nt (GOB) 41.76 1.23 1.23 Total 31 7.34 241.99 241.99 5 EXPENDITURE AND CASH Detailed and complete disclosure wi ll be given, Please attach separate sheet (if required).
Auditor's Report on Special Account (.,ONTASA) I. We have audited the Special A aunt stat mcnt of "Dhaka Water supply & Sanitation Project" for the Year 20132014 under provision of IDA credit agreement no4506 BD. II. Our audit w a ~ carried out in accordance with International Auditing Guidelines. Accordingly our audit included such review of systems of Internal Control, test of the accounting record<; & supporting documentation, verification of account balances and other auditing procedures that we considered necessary under the circumstance<;. III. The accompanying CONTASA Statement was prepared on the basis of c.1sh dep o ~ its & withdrawals for the purpose of complying with the above credit covenant. Annexure"A" Unqualified opinion: In our opinion the receipts are properly accounted for and withdrawal was made fo r th purposes of the project in accordance with the credit Agreement and the <tbove pecial account statement gives a true and fai r view of the beginning & ending balances and th account activity for the year ended as on June 014 on the basis of ca"h deposits & withdrawals..mamunulmannan)~ / I 2 { V Deputy Director / For Director General Foreign Aided Project Audit Directorate t.. Bll 1356DW:. P.dfll: 18
I Dhaka n er Sur )I_ 98, Ka. ~~a 7 rul 1 ~ D Sanitation Project (DWSSP) SA Bhaban "nue Kawran Bazar Dhaka 1215 dit No4506 BD A/C No240000781 PartA CONTASA,. C ACT! ' TY Discripti C' 1 Opening 8.!., 1ce as Add Am c ~ Add Interest ':>a le of Total=. 0.13 :J R 275.58 11 '154.74 2.79 11,433.11 Elegible..... f ;..l i 11,192.35 Total Exr;. 11,1 92.35 Deduct Total Amo r t Nitrd 4 PartS 240.76 1 Amour..., :a~.d ()Less Curren: C :: r.... osit) ~ (if) Nil Nil 2 En ng t: a a net. c.. (+) Amoun 1 cl1im t Jt ' (+) AmoL. ()Lessir' n:r 1 if,.:'.14 redited yet claim. in special A/C Nil nil Nil 3 ~qu ' J 240.76,:.'
, Audit Opinion on SOE/Fl\IR We have audited the Financial Monitoring Report, (FMR) of the " Dhaka Water supply & Sanitation I roject" for the year ended 30 1 h June 2014 submitted to the World Bank f r reimbursement of fund in accordance with the Credit Agreement no4506 BD. The audit was conducted following International Standard of Auditing. Accordingly it included such test of accounting records and supporting documentation review of existing system of internal control adopting necessary auditing procedures that we consider essential under the circumstances. withdrawal particulars The particular of withdrawal on the basis of FMR up to 30, June, 2014 under IDA credit NO 4506 BD were show as below: Sl j Application Date amount Amount Claim Amount Amount 1!.2_ N0 Claim U$ BOT Disburse U$ Disburse BOT 01 DWASA 0707 6504874.63 5086811 Q6.00 6504874.63 5086811%.00 15 2013 I t_t 20000000.00 t I DWASA 2505 1534526.85 120000000.00 1534526.85 () 16 2014 2 DWASA 0506 2363209.72 184803000.00 2363209.72 184803000.00 () I 17 2014 3 DWASA 0106 346850.94 27123744.00 346850.94 271237 ~4.00 II 1~ 2014 4 DWASA 0206 1076701.76 84190258.00 1076701.76 84190258.00 () 19 2014 5 DWASA 1006 430640.70 33676103.00 430640.70 33676103.00 0 20 2014 () DWASA 2406 2007670.97 156999870.00 2007670.97 156999870.00 () 21 1 2o14 Total = 14264475.57 1115474171.00 14264475.57 1115474171.00 0 "~ NB:1 USD= BDT.78.20 Di flc () G: Bll 1356DWSSP.doc 19
Opinion; In our opinion, the FMR can be relied upon to support the application for credit di. bursement by the World Bank for expenditure incurred for the purpose of the project as pecificd in the particular of withdrawal application. In the FMR closing balance shown TK.240. 76 lakh in IDA Designated Account andthe project financial statement (F.S) it was shown Tk.240.76 lakh. (M.MamunUIMannan) '7 J. /1.. J '1 Deputy Director { For Director General 1o reign Aided Project Audit Di rectorate 20
Summery of Withdrawal ; rlication for the FlY 2013201 4 Dhaka Wat r Supply.lllitation Project (DWSSP) WASA Bhaban 98 Kazi. z wr islam Avenue Dhaka 121 IDA Cr t 'o4506 BD SLNO Withdrawal Date Am ~..~ nt :5:ih Amount Claim Amount 1 2 3 4 5 6. { 7TJ US D USD BOT DWASA15 77 1~ E ~. 874.63 6 504 874.63 508.681 196.00 DWASA16 255 lt.; 1 "26.85 1 53A 526 85 120 000,000 00 DWASA17 fi6 /lf 2 7 J9.72 2 363 209.72 184.803.000.00 DWASA18 1 G14 950.94 346,850.94 27,123,744.00 DWASA19 2f: / Lf 1 701.76 1,076 701.76 84,190.258.00 DWASA20 /0 (;I'I_.: I 640.70 430 640 70 33,676,1 03.00. DWASA21 24 bi L! L 7 670 97 2 007 670.97 156 999 870.00 Total= 14., ~75. 57 14,264,475.57 1,115,474,171 lj ' IS. /; U/._<; Amount BOT Difference 508 681 196.00 0 20 000,000.00 0 184,803,000.00 0 27 123 744.00 0 84 190 258.00 0 33 676 103.00 0 156 999 870.00 0 0 0 1,115,474,171 0 il 1.>. ] t/sp ;: 7& 2o L%$~ I. / \./7../. \'D \'\. \ ~ ~ I