Auditor's Report Audit Completion Date: 17-11-2022. I. Certification We certified that on behalf of the Comptroller and Auditor General of Bangladesh we have audited the accompanying Financial Statements of the "Strengthening Pub- lic Financial Management Program to Enable Service Delivery" (SPFMS), fi- nanced by IDA Credit No. 6368-BD for the year ended on June 30, 2022. II. Respective Responsibilities of the responsible party and Auditor. National Program Director (Responsible Party) is responsible for the preparation of the Financial Statements for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the Financial Statements based on our audit findings with a special attention towards material misstatement due to fraud and error. III. Audit Standards followed We have conducted the audit in accordance with Government Auditing Standards of Bangladesh (GASB) which are based on ISSAI-100,200,300,400. These standards require that we plan and perform audit to obtain reasonable assurance about whether the Financial Statements are free from material misstatement. IV. Scope of the audit for the financial statements An audit includes examining, on a test basis, evidences supporting the amounts and disclosures in the Financial Statement. An audit also includes assessing the account- ing principles used and significant estimates made by management, as well as, evalu- ating the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion on the Financial Statements for the year 2021- 2022. V. Opinion on financial statements In our opinion, the financial statements give a true and fair view of the financial posi- tion of "Strengthening Public Financial Management Program to Enable Service Delivery" (SPFMS) as at the end of the 30 June 2022. The financial statements of the SPFMS program have been properly prepared in ac- cordance with applicable financial reporting framework prescribed by the Comptrol- ler and Auditor General of Bangladesh VI. Opinion Status: Unqualified VII. Basis of the Opinion We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. (Md. Abul Hashim) Deputy Director On behalf of Director General Civil Audit Directorate. 8 ь � . � w � W Н 1 � � , � � � � °� I о °' . ►� Z � - ►-� � � � Z � w � , , л Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) Project Financial Statement 30"' June, 2022 (Figure in Taka) -Cumulative Prior. Cumulative Currentrfriod Resources Notes Period Curfent-Teriod (Up (20*21-1022) to June, 22) 4., (3114) Government of Bangladesh 1 4165918390 728988650 4894907040 Loan from Development Partner 2 1368905000 1370591000 2739496000 Other resources 3 - - - Cash opening balance 4 Jotal Res urces . $34823390 2099579650 7634403040 Cumulative IDA GoB Total Cumulative Not Current XD GoB) Current Expenditure and-Msh C6rent (Up to es 'Period 00214022) '0019 to I Period June,22) __' A ! 5 T(-4+5) 7 (3+6) 0 1. Wages and salaries (3 111) 45707985.21 0 241234320 241234320 286942305.21 02. Administrative expenses 79800 0 287560020 287560020 287639820 (3211) 03. Training (323 1) 0 4178450 4178450 4178450 04. Petrol, oil and Lubricants 0 0 6183470 6183470 6183470 (3243) 05. Travel and Transfer (3244) 2842910 0 4508350 4509350 7351260 06. Printing and Stationery (3255) 0 0 8354760 8354760 8354760 07. Professional Services, -Honorariums and Special 0 0 1772960 1772960 1772960 Expenses (3257) 08. Repairs and maintenance 14018762.76 7 34644000 34644000 -48662762.76 "(3258) 09. Machinery and Equipment 0 0 51761800 51761800 51761800 (4112) 1 10. Basic Pay (Officer) (311110 1) 135595090 0 0 0 135595090 11. Basic Pay (Employee) 52824630 0 0 0 52824630 3111201) 12. Conveyance Allowance 892650 0 0 0 892650 % (3111302) 0..Education Allowance 2227820 0 0 0 2227820 (3111306) U. Housing rent Allowance. 64915220 0 0 0 64915220 (3111310) 15. Medical Allowance (3111311) 9119610 0 0 0 9119610 16. Mobile/Tellphone allowance 849550 0 0 0 849550 ( ,l 1] 312) 17. Residential Telephone encashment Allowance 2072340 0 0 0 2072340 (3111313) 18. Tiffin Allowance (3111314) 607330 0 0 0 607330 19. Washing Allowance (3111316) 100920 6 0 0 100920 20. Fastive Allowance (3111325) 27996610 0 0 0 27996610 21. Honorarium Allowance 46487445 15071936 0 1507t936 61559381 (3111332) - 22. Bangla. new year Allowance 2744300 0 0 0 2744300 . (3111335) 23"Cleaning and washing items 47993 98820 0 98820 146813 (3211102) - 24. Entertainment expenses 1925999 3331594 0 3331594 5257593 (3211106) 25. Transport hiring (3211107) 18947008 11022347 0 110223471 2996935511 @r-an_fapad - I - 10 Cumuls iv ' IDA GoB 'ota Cumulative Expenditure and Cash Not re Curren C t (IDA+Goo) Current eS )ro ;9 Period Cuen (2023-2022) Period (Uip to (2( to 21 2021-2022) P June.22) 26. Seminar/Conference Expenses 2278897 8030621 0 8030621 10309518 (3211111) 27. Electricity (3211113) 951112 2000446 0 2000446 2951558 28.Water(3211115) 215196 115362 0 115362 330558 29. Courier (3211116) 5300 6086 0 6086 11386 30. Intemet/Fax/Telex (3211117) 4600 138336 0 138336 142936 31. Telephone (3211120) 699142 791486 0 791486 1490628 32. Advertisng Expenses 2372644 1646108 0 1646108 4018752 33. Audio-Video/Fim Production 480000 0 0 0 480000 (3211126) 34. Books & Periodicals (3211127) 73622 100948 0 100948 174570 35.Publications(3211128) 430.00 109028 0 109028 152028 . 36. Rent of office building rent 10412649 17077500 0 17077500 27490149 (3211129) 10412649 107 0 17077500 27490149 37. Conveyance expenditure 39155 94430 0 94430 133585 (3211130) _____ 38. Outsourcing(3211131) 14593057 15754105 0 15754105 30347162 39. Labor (irregular) wages 99000 51224 0 51224 150224 (32 11134) 40. Training (3231301) 94111338 74656537 0 74656537 168767875 41.Petrol, oil and Lubricants 3900 11765 0 11765 15665 (3243101) 30 160 17556 42. Gas & Fuel (3243102) 0 11700 0 11700 11700 43. Travel Expense (3244101) 87038 606189 0 606189 693227 44. Cmpuer consumables 863925 1851203 0 1851203 2715128 45. Printing and binding (3255102) 572179 564148 0 564148 1136327 46. Stamp and Seals (3255104) 7548 0 0 0 754& 47. Other stationery (3255105) 1647148 1948226 0 1948226 3595374 48. CosuIltancy (3257101) 306632075 310714969 0 310714969 617347044 49. Honorarium (3257206) 5589123 3609800 0 3609800 9198923 50. Furniture (3258102) 7350 0 0 0 7350 51. Office equipment (3258104) 101698 63000 0 63000 164698 52. Other Machineries and 0 170252 0 170252 170252 Equipment (328105) 53. Non-residential Building 37838 61746 0 61746 99584* (3258107) 54. Sanitation & water supply 219459 38026 0 38026 257485 (3258115)2149 3060 306 578 55. Interior Decoration (3258141) 49220415 5314020 0 5314020 54535535 56.ICT Equipment (4112201) 0 20685400 0 20685400 20685400 57. Computers and accessories 28595522 20103212 0 20103212 48698734 (4112202) 58. Telecommunications 3480629 0 0 0 3430629 Equipment (4112204) 59. Camera and accessories 0 199000 0 199000 199000 (4112302) 0 1900 0 9900 1900 60. Office equipment (4112310) 29622881 5934338 0 5934338 35557219 61. Furniture (4112314) 9781478 4476253 0 4476253 14257731 62. Computer Software (4113301) 3155908 34133785 0 34133785 '37289693 63. Website Development 995000 0 0 0 995000 (4113303) Total Expenditure , 9700379A.7 560593944 640198)t30 1200792076 2197795874&7 @~rnia_fqpad - 2WO"' 01 00 . 11 Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) NOTES TO FINANCIAL STATEMENT 30"' June, 2022 1. GOVERNMENT OF BANGLADESH: Fund. are allocated by the Government of Bangladesh to cover GOB's share of eligible Program. expenditures, as specified in the Program Proforma and in the Annual Development Programme 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 Taka) Inception to 30' For the year Inception to 30' June2021 2021-2022 June 2022 Disbursement by GOB 4165918390 728988650 4894907040 Less: Refund to GOB - - - Total- 416591830 728988650 2. LOAN/GRANT FROM DEVELOPMENT PARTNER: Inception to 30th For the year Inception to 301 June June 2021 2021-2022 2022 Initial Deposit (Advance) - -- ' 2739496000 DPA ( Direct Payment) 1368905000 1370591000 (For All Scheme) RPA ( SOE Procedure) . lce RPA (Non SOE Procedure) - - Others - .94960O0 *Total 1368905000 .1370591000 (lor All Schee, 3. OTHER RESOURCES: Other resources consist of the following: - - - Inception to 30" For the year Inception to 30' June June 2021 2021-2022 2022 Project Revenues _ _-1- Exchange gains/losses - - _- Total -_-_ _ __ 4. CASH: Inception to 30' For the year Inception to 301h June June 2021 2021-2022 2022 Imprest Account -_- Operating Account (RPA) - - Operating Account (GOB) - - Total - @rmanJapad - 4 - 12 Cash Closing Balance Imprest Account - . . - * Operating Account (RPA) . - - - Operating Account (GOB) . . - Toa1 Eflenditurean Cash ,^ . The accompanying notes are an integral part of this financial statement @rmanJapad -3 - 13 Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) NOTES TO Unspent Fund STATEMENT 30' June, 2022 The Total SPFMS Expenditures are estimated at US$170 million, out of which IDA will finance US$100 million. The PforR will be implemented over five years. Fiscal year 2019-2020 & 2020-2021 IDA Disbursed USD (19807500.66 + 12413288.68 + 8022845.17 + 11269137.33) = 51512771.84 BDT TK (1673729749.77 + 1052646880.06 + 686755546.55+966891982.91) = 4380024159.00 for all Scheme of SPFM Program. -Which BDT TK 560593946.00 incurred during this financial year. Unutilized 4380024159.00 - (161172944.00 + 452740637.00 + 560593946.00) = 3205516632.00 will automatically added with next IDA Disbursement amount and next year budget amount will be allocated from rest of IDA Fund accordingly. IDA IDA 1" IDA 21d IDA 3'4 Total IDA Advance up to Disbursement Disbursement up Disbursement up to Disbursement Jne u20 up to 30th June to 30th June 2022 30th June 2022 30thJune2020 2021 1 2 3 4 S 6(2+3+4+5) USD S 19807500.66 S 12413288.68 S 8022845.17 S 11269137.33 51512771.84 * 1673729749.77 ** 1052646880.06 *** 686755546.55 **** 966891982.91 4380024159.00 (For All Scheme) I (For All Scheme) (For All Scheme) (For All Scheme) (For All Scheme) Expenses up to Expenses up to Expenses up to Total Expenses up to Unspent up to 30' June 2020 3011 June 2021 300 June 2022 300 June 2022 300 June2022 7 8 9 10(7+8+9) 11 (6-10) $ 1907376.67 $ 5338922.60 $ 6541352.93 $ 13787651.60 S 37725120.24 161172944.00 452740637.00 560593946.00 1174507527.00 3205516632.00 (For All Scheme) (For All Scheme) (For All Scheme) (For All Scheme) (For All Scheme) * USD Rate: 84.50 ** USD Rate: 84.80 ** USD Rate: 85.60 **** USD Rate: 85.80 @rman-Japad - 5 - 14