AUDITOR'S REPORT Audit completion Date: 28 .03.2023 Secretary Local Govermnent Division, Ministry of Local Government, Rural Development and Co- operatives, Bangladesh Secretariate, Dhaka- 1000. I. We have audited the accompanying Financial Statement of the "Program for Supporting Rural Bridges" financed by IDA Credit No. 6332 BD as on 301h June'2022 and for the year then ended. 1I. The Financial audit was conducted in accordance with the Government Auditing Standards of Bangladesh (Part I and Part II). These standards are based on ISSAI 100- Fundamental Principles of Public Sector Auditing, ISSAI 200- Financial Audit Principles of the International Standards of Supreme Audit Institutions. In addition, we also conducted relevant compliance audit in accordance with the Government Auditing Standards of Bangladesh (Part I and Part II). These standards are based on ISSAI 100- Fundamental Principles of Public Sector Auditing, Those standards require that we comply with ethical requirements specified in the Code of Ethics issued the Office of the Comptroller and Auditor General (OCAG) and plan and perform the audit to obtain reasonable assurance about whether the Financial Statement is free of material 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. III. The preparation of Financial Statement and to provide sufficient and reliable information to auditors is the responsibilities of the management. Our responsibility as an auditor is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatements, whether due to fraud or error and to issue an auditor's report that includes an opinion. IV. In our opinion, the accompanying financial statements give a true and fair view of the financial position of "Program for Supporting Rural Bridges" Project as at the end of the 2021- 2022 in all material respects of the financial positioned the entity's financial performance for the period 2021- 2022. V. Opinion: Unmodified. (Md. Matiar Rahinan) Deputy Director Local Government and Rural Development Audit Directorate. 5 Financial Statement 6 Government of the People's Republic of Bangladesh Local Government Engineering Department Program for Supporting Rural Bridges (SupRB) Agargaon, Sher-e-Bangla Nagar Dhaka-1207. Project Financial Statement 30th June, 2022 (Tk. In Lakh) Resources Notes Cumulative (30 June 2021) Current Period (2021-22) Cumulative Current Period (30 June 2022) GOB GOB RPA Total GOB PRA RPA Total GOB RPA RPA Total through throug through RPA h GOB GOB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Government of 3,09047 - - 3,09047 4384.19 - 4484.19 7,474.66 - - 7,474.66 Bangladesh Loan from - 8,142.91 3,177.84 11,320,75 - 28,721.38 1369.70 30,091.08 - 36,864.29 4,547.54 41,411.83 Development Partner Other Resources - - - - - - - - - - - Opening balance - - - - - - 1,111.08 1,111.08 - - - Total Resources 3,090,47 8,142.91 3,177.84 14,411.22 4,384.19 28,72138 2,480.78 35,58635 7,474.66 36,864.29 4,547.54 48,886.49 Expenditure and Cash Civil works 87192 3.051.26 3,923 18 3,648.00 23,996.73 - 27,644.73 4,519.92 27,047-99 - 31,567.91 Pay & 404.07 - - 404.07 208.90 - 208.90 612.97 - - 612.97 allowances Administrative 115.94 1.697.77 - 1,813.71 89.28 1,006.98 - 1,096.26 205.22 2,704.75 2,909.97 cost Repair & 289 - - 289.19 188.69 - - 188.69 477.88 - - 477.88 maintenance Consultancy 1- 3148.26 1,175.39 4,323.65 - 2,495.26 1,996.86 4.492.12 - 5,643.52 3,172.25 8,815.77 Trainina 110.12 116.12 - 446.74 - 446.74 - 562.86 - 562.86 7 Resources Notes Cumulative (30 June 2021) Current Period (2021-22) Cumulative Current Period (30 June 2022) GOB GOB RPA Total GOB PRA RPA Total GOB RPA RPA Total through throug through RPA h GOB GOB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Survey - 129.50 129.50 775.67 - 775.67 - 905.17 - 905.17 Other 408.12 - 408.12 249.32 - - 249.32 657.44 - 657.44 contingency Land Acquisition - - - - - - Vehicle, 1,000.12 - 891.38 1,89150 - - - - 1,000.12 - 891.38 1,89150 Equipment & others Total 3,089.36 8,142.91 2,066.77 13,299.04 4,384.19 28,721.38 1,996.86 35,102-43 7,473.55 36,864.29 4,063.63 48,40147 Expenditure Cash closing - - - - balance Imprest Account - - - - Operating 1.11 - 1,111.07 1,112.18 - - 483.92 1,111.08 1.11 483.91 483.91 Account(RPA) Operating - - - - - - Account(GOB) Total Expenditures 3,090.47 8,142.91 3,177.84 14,411.22 4,384.19 28,72138 2,480.78 36,213.51 7,474.66 36,864-29 4,547.54 48,88538 and cash T'177 8 Program for Supporting Rural Bridges Notes to Financial Statement 30th June 2022 1. Government of Bangladesh Fund 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 Program for each of the project. Any allocated funds that have not been expended by the end of a fiscal year lapse and must be returned to GOB. GOB contribution to the project since inception are as follows (In Lakh Taka) (Figure in Lakh) Inception to For the year Inception to 30th June 2021 2022-2023 30th June 2022 Disbursement by GOB 3303.00 4385.00 7688.00 Less: Refund to GOB 213,64 0.81 214.45 Total 3089.36 4384.19 7473.55 2. Loan/grant 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 IDA fund after the conclusion of the project, have been drawn by the project in accordance with the following withdrawal procedures (In Lakh Taka) Inception to For the year Inception to 30h June 2021 2021-2022 30th June 2022 Initial Deposit (advance) 3177.84 136970 4547.54 IDA DPA (Direct Payment) - - RPA (IDA) - - RPA (non SOE Procedure) - - - Others RPA-GoB (P for R) 8142.91 28721.38 36864.29 Total 11320.75 30091.08 41411.83 3. Other Resources Others resources consists of the followings Inception to For the year Inception to 301' June 2021 2021-2022 30th June 2022 Project Revenues (Return -- Received) Exchange gains/losses Bank Interest Total - 9 4. Cash The project maintains one bank account, an CONTASA account, or revolving fund, which is kept at Janata Bank Ltd. to hold funds advanced by IDA. Year-end cash balances were as follows (in Lakh Taka) Inception to For the year Inception to 30t' June 2021 2021-2022 30th June 2022 Operating Account (CONTASA 1111.08 483.83 483.83 Total= 1111.08 483.83 483.838 Bank Account Information Name of the Project :Program for Supporting Rural Bridges Agreement No. & Date IDA Credit No,-6332-BD, & 06/12/2018 Name of the Development Partner IDA 1. Bank where Imprest Account is kept : Name Janata Bank Ltd. Address : Shere-e- Bangla Nagar Branch, Dhaka Account No. 0100161680871 Bank Balance as on 01-07-2021 1111.08 Lakh Bank Balance as on 30-06-2022 483.83 Lakh 3. Bank where Operating A/C (GOB) is kept Name Janata Bank Ltd Address Sher-E-Bangla Nagar , Dhaka Account No 0100160911004 Bank Balance as on 01-07-2018 0.00 Bank Balance as on 30-06-2019 0.00 10 Auditor's Report on Special Account (CONTASA for all the activities other than fiscal transfers) * We have audited the Special Account Statements of "Program for Supporting Rural Bridges" financed under IDA Credit no 6332 BD as of 30th June 2019 were signed on 06 December 2018. * Our audit was carried out in accordance with the Government Auditing Standards of Bangladesh (Part I and Part II). These standards are based on ISSAI 100- Fundamental Principles of Public Sector Auditing and ISSAI 200- Financial Audit Principles of the International standards of Supreme Audit Institutions. Those standards require that we comply with ethical requirements specified in the Code of Ethics issued the Office of the Comptroller and Auditor General (OCAG) and other auditing procedures that we considered necessary under the circumstances. * The accompanying Special Account Statement was prepared on the basis of cash deposits and withdrawals for the purpose of complying with the above Financing Agreement. * In our opinion, reimbursements made by IDA are properly accounted for and withdrawals were made for the purpose of the project in accordance with the Financing Agreement. (Md. Matiar Rahian) Deputy Director Local Government and Rural Development Audit Directorate. 11 Audit opinion on SOE No claim was submitted by the project authority to IDA on the basis of SOE for the fiscal year 2021-2022. So, comments cannot be formed on SOE. (Md. Matiar Rahman) Deputy Director Local Government and Rural Development Audit Directorate. 12