•

AUDIT< R'S REPORT

A udi t Completion Date:0 ::!-1 0- ..!014

S cretary Local Government Division Mini try of LGRD & Co-operatives (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 no-4506 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

Pub

lic D

iscl

osur

e A

utho

rized

Pub

lic D

iscl

osur

e A

utho

rized

Pub

lic D

iscl

osur

e A

utho

rized

Pub

lic D

iscl

osur

e A

utho

rized

Project Name : Dhaka Water Supply & Sanitation Project

IDA Credit No.4506 80 Project Financial Statement

30th June'201 4

Resources Notes Cumulative Prior Current

Period Period 1 2 3 4

Government 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 Other 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 1,595.15 66.77 2 Training 81.25 -

3 Consultancy 2,145.60 863.22

4 Re-settlement 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 Refund 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

Cash Closing Balance

Designated

Account (RPA) 275.58 240.76 Operating Account (GOB) 41.75 1.23 Total closing balance 317.33 241. 99 Total Expenditure & Cash 12,936.79 11 ,474.86

(Figure m lac 1 aKa I

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

240.76

1 23

241 99

24,094.32

Note -Notes to Financial statement Less refund gp·~,B ~d Tk-967.40 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 2010-14 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 funds to the project to cover it's share of eligible prior

Particulars Inception to 30th For the year Inception to 30th June'2013 2010-14 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 h f th f II t er resources cons1st o e o ow1ng .

Particu lars Inception to 30th For the year Inception to 30th June'2013 2010-14 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 2010-14 June'2014

lmprest Account 0.00 0.00 0.00 Operating Account (RPA) 275.58 240.76 240.76 Operating Account (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 2013-2014 under provision of IDA credit

agreement no-4506 BD.

II. Our audit wa~ carried out in accordance with International Auditing Guidelines.

Accord ingly our audit included such review of systems of Internal Control, test of

the accounting record<; & supporting documentation, veri fication 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

depo~ 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.

.Mamun-Ul-Mannan)~ /· I 2-•{ V Deputy Director /

For Director General Foreign Aided Project Audit Directorate

t.. Bll 1356-DW:-. P.dfll: 18

I Dhaka n er Sur )I_

98, Ka.· ~~a 7 rul 1 ~

D

CONTASA , . C ACT! ' TY

Discripti C' 1

Opening 8. !., 1ce as

Add Amc ~

Add Interes t ':>a le of

Total=

Elegible .. ...

Total Exr;.

Deduc t Total Amo· r t Nitrd

1 Amour ..., :a~ .d

(-)Less Curren: C :: ·· r - ... -

2 En ng t: a a net. c..

. 0

f ;..l i

(+) Amoun1 cl1im t Jt • ' (+) AmoL. (-)Lessir' n:r 1if,.: '

3 ~qu ·' J

,: .'

Sanitation Project (DWSSP)

SA Bhaban "nue Kawran Bazar Dhaka -1215 dit No-4506 BD

A/C No-24000078 1

.13

:--J R

4

. osit) ~ (if)

.14

redited

· yet c laim .

• in specia l A/C-

Part-A

Part-S

275.58

11 '154.74 2.79

11 ,433.11

11,192 .35

11,1 92.35

240.76

Nil Nil

Nil nil

Nil

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 301

h June 2014 submitted to the World Bank f r reimbursement of fund in accordance with the Credit Agreement no-4506- 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- 07-07- 6504874.63 5086811 Q6.00 6504874.63 5086811%.00

Di flc

I ()

15 2013 t---_t 20000000.00 -t 120000000.00

--I DWASA- 25-05- 1534526.85 1534526.85 ()

16 2014 I -2 DWASA- 05-06- 2363209.72 184803000.00 2363209.72 184803000.00 I ()

17 2014 -3 DWASA- 01-06- 346850.94 27123744.00 346850.94 271237~4.00 II

1~ 2014 -4 DWASA- 02-06- 1076701.76 84190258.00 1076701.76 84190258.00 ()

19 2014 5 DWASA- 10-06- 430640.70 33676103.00 430640.70 336761 03.00 0

20 2014 -() DWASA- 24-06- 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

G: Bll 1356-DWSSP.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 .Mamun-UI-Mannan) '7 J. /1..-·J '-1 Deputy Director {

For Director General 1--o reign Aided Project Audit Di rectorate

20

SLNO

1 2 3 4

5 6

Summery of Withdrawal ;· rli cation for the FlY -2013-201 4 Dhaka Wat r Supply • .lllitation Project (DWSSP)

WASA Bhaban 98 Kazi . z•wr islam Avenue Dhaka-121 IDA Cr t 'o-4506 BD

. { 7TJ

Withdrawal Date Am ~-..~ nt €:5:ih Amount Claim Amount

US D USD BOT

DWASA-15 7--7 ·1~ E ~ 874.63 6 504 874.63 508.681 196.00 . DWASA-16 25-5- lt.; 1 "26.85 1 53A 526 85 120 000,000 00 DWASA-17 fi-6 - /lf 2 7•J9.72 2 363 209.72 184.803.000.00 DWASA-18 1- G-14 950.94 346 ,850.94 27,123,744.00

DWASA-19 2-f:- / Lf 1 701.76 1,076 701.76 84,190.258.00 DWASA-20 /0 -(;-I 'I_ .: I 640.70 430 640 70 33,676,1 03.00

DWASA-21 24- b-I L! .

7 670 97 2 007 670.97 156 999 870.00 L

Total= 14 ., ~75.57 14,264,475.57 1,115,474,171

il 1.>. ] t/SP ;: 7& • 2o

I . L%$~

/ \ ./7--•

../ . \'-D \'\. \ ~

·~

I

lJ /; ' IS. U/._<;

Amount Difference

BOT

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