H. 0. 5-B, Sardar Patel Marg, amit ray &r co."·· ''",''2'1" atnitrov & c 0.Prayagraj -211 001 CHARTERED ACCOUNTANTS Phone 2402763,2407258 Fax (0532) 2402763 E-mail allahabad@amitrayco.com Website www.amitrayco.com Ref. No ....................... Dated.. S ..E 23 To, Tie Chief E"xecutive Director cum Nission Director, Bihar Rural Livelihoods Promotion Society, Patna-800001 Report on the Audit of the National Rural Economic Transformation Project, Bihai htt ai-s at l M h202_r), th Sandalone I ncom & l\ptnitur/h R'i ps and Aavm)enw Acount for [h vear Ined on [ht date, and a suminar o h ig iint afcnigplce In nu r ourmIuln an d to thbe hest ot ri in[fornl on ui ,.oring to thIX e ae give to us, the aforesa i tlaao financii al tteen tgie the mcu a1i req e[ i by the Act in the manner sø reuired and give a t rue. aud fair in ontrmurli wi he accouningPÉ pr inciples 9&.eneralI atwor'td ini India, ot the Skite of aftairs of the aie asl' A 0 il i l W 0e oodule ur au i in 11:ordan e - wit th i 1n s o u itn 5\ i reporL WnVe are i ndepenidt i the V I eni: i ~ f in 01ordmaI with tI lti cal rqijiemenIL t.hat ane letJe t\'i In ür iuidit i 0 t iu anciat statt'nltIli" il n accOrd1anW withI ~ thei l( et his issuied by i istitue et ( harttred A un :ta ns i I ni (K l), i wi hm ui le ourý ot " thicalrs,1b1isinac ra o wt heerq ie e t.W bcl1(v(, thaýt theit iiudit e ie o u m eo tiw n n p rpi et rvd a hasis tor out o[)hIim)!n. & c Also at: NEW DELHI, BANGALORE, KOLKATA, MUMBAI, CHITTORGARH, PUNE, DEHRADUN amit roy & co. CHARTERED ACCOUNTANTS LNIPI, I/V i_O NIA\ I1 We draw attention to matters stated in the Management I etter annlexed to the financial statements. Our epinion is not niied i n res pectof those malt ers mentioned in [he Mianagement ILetter. RIPON'StBIBIIES OI: MANAU ME:N I [IZR 11 l. I:N A N CIA I SI TIM:N I: The managemenit o the society is responsible lor the preparatiol ol these 1:inanciil StatemeIts that ,ive a true and fair view of the finanial position and financial performance of thoe Project in accordane with the /\ and other accting priinipl oees generally arccepted in Inr]dia. TIhis respøonsibiltv also includes mainltee of equate accounitng records in arcordance wi thle provisions of the A er sa guarding [he assets of the Project and for preventing nd detecting fråuds ånd other irregularities; selection and application el appropriate accounting poliries; akiniig jidgmens an estimates that are reasonable and prudiennt; and design, Iiplementatn an minåinteina nce ofår aer]uatel internaå i nani ial c on trols, that w\ere opera tin 'g etlíectlivei vort ensuring the accuracy and cnmleteness ol the arcounting records, relevan[ to [be preparation and presentation of tle, financiail ståatements tlit give å tiru a' 1, air Ji'ew mid re free frno iateria misstatement, vhether due t I raud or ,rror. AUDIOR'S R:SP1\ONSIm ES IOR Tl 1 AUI O'F1 N\ANCAIl %I AI [\lIl 1NT':- Our objectives are to obtain reasonable assurance about whether tihe inancial statements as a whole a re rei fr'm matera misstatement, whether d ue to Iradtiil ør error, and to i-SLIe an auiditor's report that inrludes our opinion. Reasonable assurance is a high lr'el of assurance, but is not a gtarantee that an auii ionducted in accordance wi th 5/\s will Ivays ndte't a måatriaI misstatemet when i t eists. Misstatements can arise from radLi or error lid ae considerd matria if, individuallv er in the aggregafe, they could reasonably be expected to ilunei the economi Ieci sions ef users taken n h basis o these oi nancial sta tements. As part of an audit in acordai re wiOth /\s, we exercise proJessional judgnt and maintain protessional skepticism throuotighouti t he audit We also: • lentify andi assess the risk el mat'ria misstatemeit et the inancialc stot [eints, wv hether rdli-e to fIraLI or enrIr, drsign a )tind peort audit procedires responsie to t[Lse risks, attd obtaiin aulit idine that is sficient ani apiropriaIte to provide å basis tor oir opiniun. The risk et not detecting a material iisstatemnit t.n Conlinuation Sheet amit rov & co. CHARTERED ACCOUNTANTS resulting from fraud is higher than for one resliting from error, as raud my involve colItision, torgery, intentional omIissions, misrepresentations, or the override of internl ceontrol. Obtain an understanding( of internal coilrol rolevainl to [he audit in order to design audit procedures that are appropriate in [he circumstances, but not for the purpose of expressing an opinion on Ihv effectiveness of the societ's inlernal control. • Evalunate the appropriatmnss of accounting polcios used and tHe roasoblenes of accounting estiniates and related disosures made by managernnL We conici 10late wi the management regarding, anong other matters, the planned scope and timing of the audil and significant audit find ings, including any significan deficiencies in internal control that we identify during Our audit We also provide the manageient wvith a statement that ve have complied with relevant ethical requirements regarding independence, and to comniuniate wii them all relationships and other miatters that mav reasonabl be thoug,,ht to boar (m (r independence, a nd vhere pplicablo, reted saftguards IZiI,PORI'ON GU1 IER1IGAL AN) REGI O R I I N: Fu-ther to our opinion on the Project Financial Staturments we further report that: a) we have sought and oNaind all the information and explanations which to tih best of our knowvedge and beliet weCre ncessarv for the pnrposes Of Our audit; b) in our opinion, proper oolks ni accounts have been kept by te implemnting agency for Project purposs so far as appears froni our exanAntinn of those books; c) the Project 1inancial tatimints dalt with by this report is in agreemeni wit the books of accounts; d) the Projec funds wvre utilzed for the purposes !or vhich ti= WVre provided; e) expenditures, incling assets reated under Ihe Iroject, shion in tre I are eligible for financing under the Project [inancing reements; ) Interim linancial Reports (IR) suibmitted by tie Prøject management can bo relied upon to support applications for withdraow l f tho l, and adeqatakt supporting docunenttion has bven nminLined tosupport thusu clis; Continuation Sheet amit ras & co. CHARTERED ACCOUNTANTS g) procuremen has been carried out in line Ai the agreed procedures as detailed in the Operations Manual/Procurem11ent Nanual/ P,roject lmplemnt ltion Plan/I Legal Ageements; andii h) the Project has an adeiuate iernal inancial control sYstem (inuding Il controls) and such controls were operating eiectively as at larch 31, 2023 and the Project complies \ith] th provisions on linancial management containe il the Operations Manual/ Project in[ipl,nenation lan/ incial ManagV1mn! Manual, in all Material specs For Anit Rav & Co. Chartered Accountants FRN: 000483C Abimhek Sharma Partner M. No.: 403861 Place: Patna Date: 16.09.2023 UDIN: 23403861 3CYO1,H2478 Continuation Sheet H. 0. 5-B, Sardar Patel Marg, omUit* Prayagraj - 211 001 CHARTERED ACCOUNTANTS Phone 2402763,2407258 Fax (0532)2402763 E-mail allahabad@amltrayco.com Website www.amitrayco.com R ef. N o....................... D ated.......................... 1611h September, 2023 T0, The Project-1)irector cum C) National Rural Economic Transformation Project (NRETP) Bihar Rural Rural Livelihoods Promotion Society Annexe-II, Vidyut Bhawan, Bailey Road, Patna 800021 Sub: Management Letter We have conducted the audit of the financial statements of National Rural Economic Transformation Project (NRETP) implemented by Bibar Rural l,ivelihoods Promotion Society as at March 31, 2023.We familiarized ourselves with Project documents, the internal guidelines and circulars applicable during the period under audit. We also reviewved [lt busineoss of thlePr and evaluated the accounting systems and related internal conitols of the Project in order to plan and performn our audit. We conducted our audit in accordance with Auditing and Assurance Standards issued by the Institute of Chartered Accountants of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. The responsibility of the management includes the maintenance of adequate accounting records and internal controls for safeguarding of the assets of the Society and for preventing and detecting fraud or other irregularities. The matters contained in this Management Ietter are intended solely for the information of Project management, for such imelv consideration and action as Project management may deem appropriate. Thev have all been considered by us in formulating the audit opinion expressed on the project financial statements in our audit report dated 160h September,2023 and the\, do not alter the opinion expressed in tfat audit report. & O Allage 1 of 3 Also at: NEW DELHI, BANGALORE, KOLKATA, CHITTORGARH, PUNE, DEHRADUN omit ray & co. CHARTERED ACCOUNTANTS Our observations are as follows: 1. Matters having significant impact on the implementation of the project: S.no Districts Observations District 1. M1ediclaim I iability of Jvoti Kuniari CC BR?P200976 of Rs 28,149 is Darban ga pending for payment since 13.12.2022. 2. Ref no-BRIPS/DPCU-GAYA/Proc./1942/2021-22 Gava * Vork order issued- 03/04/2022 * Deliverv period - 26/04/2022 * Payment made - 02/06/2022 A. As per Bid Document, delivery should be made within 15 days of work order issued, but deliverv has not been completed according to the bid document. B. 0.5% deduction must be made in bill amount before passing payment. As per the Bid Documents. C. But no deduction has be made in Final bill Amount. (Payment voucher no. 126, on date02/06/2022). D. (c) As per Bid document Payment should be made within 15 days from the deliverv of goods. But no payment has been Made according to the Bid documents. 3. R1TENTION SECURITY MIONIY OF GAUTAN BROTI IVRS: Muzaffarpur A Closing Balance of Rs. 14,703 has been observed. The amount should either be refunded to the vendor if the services provided by the Gautam Brothers was satislactorv or the amount should be treated as income if the Amount is not to he refunded back to the vendor 4. Other 1i.abilities: It has been observed that there is a closing balance Nluzaffarpur of Rs. 48,379. As per the explanations provided to us these liabilities have arisen due to excess reversals by the beneficiaries. Steps should be taken to trace the reversals and the liabilities should be cleared as soon as possible. 5. It was observed that Salary Pavable of Sanjay KuIar \lishra is Saharsha pending for payment of Rs 14,673 from the last F.Y. although the performance reward of Rs 93,319.00 was paid to him. Page 2 of 3 Continuation Sheet amit rav & co. CHARTERED ACCOUNTANTS We wish to take this opportunity to thank Project Management for the courtesies and cooperation extended to our au-ditors. Thanking You. Yours truIl, For Amit Ray & Co Chartered Accountants FRN 000483C S(Alahabad Abhishek Sharma Partiner M.No. 403861 Place: Patia Date: September 161, 2023 Page 3 of 3 Continuation Sheet Bihar Rural Livelihoods Promotion Society Balance Sheet of National Rural Economic Transformation Project as at 31st March 2023 Amount in Rs. Liabilities Sch As at As at Assets Sch As at As at No. 31st March 2023 31st March 2022 A No. 31st March 2023 31st March 2022 Capital Fund 2 5,78,00,931.00 5,61,89,561.00 Fixed Assets 11 5,78,00,931.00 5,61,89,561.00 Restricted Fund 1 Current Assets Dairy Value Chain Development - Cash 5 24,219.00 96,715.00 NRETP 29,57,93,823.80 58,74,18,605.32 Bank 6 27,01,30,73572 45,89,37,08377 Ease of Living Survey/Mission Antyodaya Survey 25,00,000.00 - Loan & Advances NRETP-Innovative project 28,26,688.00 28,26,688.00 Liabilities Inter Project Advance Other Liabilities 3 53,10,593.46 33,37,285.61 BRLPS-LSBA-SBM (G) - Payable to NRLM 6,10,36,278.26 2,73,42,416.61 Payable to BTDP - 5,42,37,602.00 SJY 1,46,25.400.92 Payable to SBM (G) - 3,340.00 Other than Inter Project Advance 4 Interest Payable to Funding Agency - - Other Advance 10,27,63,351.80 21,31,53,90681 Central Share 32,70,553.80 69,88,301.38 State Share 21,80,369.20 46,58,867.58 Total 43,07,19,237.52 74,30,02,667.50 Total 43,07,19,237.52 74,30,02,667.50 Significant Accounting Policies & Notes to Accounts -13 In terms of our report of even date For Amit Ray & Co. For and on behalf of Cnartered Accountants) Bihar Rural Livelihoods Promotion Society FRN-000483C (C.A. Abhishek Sharma, Partner) tRah Kumar) M.No.403861 PAY Chief Fince Officer Project Director -cum- Place Patna O Chief Executive Officer Date: PRAYAGRAJ FD ?T20 Bihar Rural Livelihoods Promotion Society Income & Expenditure Account of National Rural Economic Transformation Project For the year ended 31st March 2023 Amount in Rs. Sch For the year For the year Sch For the year For the year Expenditure N ended ended Income No. ended ended No. 31-03-2023 31-03-2022 1 o 1 31-03-2023 31-03-2022 Institution & Human Capacity Building Grant received to the extent - utilized during the year:- State Rural Livelihood Mission 8 33,09,29,548.75 29,86,15,815.33 NRETP 1,49,52,63,411.52 1,97.72,63,931.44 Institutional Building and Capacity Building 9 1,04,85,33,038.69 1,10,03,23,853.59 Dairy Value Chain Development - (7,00,68,585.88) Community Investment Support Ease of Living SurveylMission Antyoday 10 10,77,63,689.32 57,07,49,569.32 Servey - 8,97,14,002.40 Special Project 2,40,000.00 - Interet & Other Income Project Implmentation Support 99,52,535.00 83,02,070.00 Bank Interest Other Income 21,55,400.24 7.27,376.80 Add:Fixed Assets purchased during the year 11 16,11,370.00 18,15,182.00 Total Expenditure 1,49,90,30,181.76 1,97,98,06,490.24 Less: Fixed assets capitalised 11 16.11,370.00 18,15,182.00 Net expenditure under NRETP 1,49,74,18,811.76 1,97,79,91,308.24 Ease of Living Survey/Mission Antyodaya Survey 12 - 8,97,14,002.40 Dedicated Fund: Dairy Value chain Development ( (7,00,68,585.88) Total 1,49,74,18,811.76 1,99,76,36,724.76 Total 1,49,74,18,811.76 1,99,76,36,724.76 Significant Accounting Policies & Notes to Accounts - 13 In terms of our report of even date For Amit Ray & Co. For and on behalf of (Chartered Accountants) Bihar Rural Livelihoods Promotion Society FRN-000483C (C.A. Abhishek art MNo.403861 Place : Patna jit ( Rahul Kumar) Date: U) Chief Ft nce Officer Project Director Date: P -cum- Chief Executive Officer £{Y~ N12 Bihar Rural Livelihoods Promotion Society Receipts & Payments Accounts of National Rural Economic Transformation Project for the year ended 31st March 2023 Amount in Rs, Sch For the year For the year Sch. For the year For the year Receipts No' ended ended Payments No. ended ended O 31-03-2023 31-03-2022 1 1 1 31-03-2023 31-03-2022 Opening Balance - NRETP Cash in Hand 96,715.00 61,158.00 Institution & Human Capacity Building - - Cash at Bank 45,89,37,083.77 36,60,36,955.26 State Rural Livelihood Mission 8 33,09,29,548.75 29,86,15,815.33 Loans & Advance 22,77,79,307.73 24,38,33,527.64 institutional Building and Capacity Building 9 1,04,85,33,038.69 1,10,03,23.853.59 Grant received under NRETP Community Investment Support 10 10,77,63,689.32 57,07,49,569.32 Central Share 72,31,50,000,00 1,73,75,21,500.00 Special Programme 2,40,000.00 - State Share 48,21,00,000,00 1,15,83,47,600.00 Project Implmentation Support 99,52,535.00 83,02,070.00 Grant received under NRETP-EoL Add:Fixed Assets purchased during year 11 16,11,370.00 18,15,182.00 Central Share 25,00,000.00 Ease of Living Survey/Mission Antyodaya 12 - 8,97,14,002.40 Survey1289,40.0 Grant received under NRETP Innovative Dedicated Fund: Project (DDU-GKY) Central Share - 28,26,688.00 Dairy Value chain Development - (7,00,68,585.88) State Share - Opening Liabilities Other Liabilites and interest Payable to 1,49,84,454.57 1,83,11.439.45 funding Agency Misc.Income - Inter Project Liabilities 8,15,83,358.61 90,13,46,166.17 Other Income 7-7A 21,55,400.24 7,27,376.80 Closing Balance Closing Liabilities under NRETP Cash in Hand 5 24,219.00 96,715.00 Other Liabilites 3 53,10,593.46 33,37,285.61 Cash in Bank 6 27,01,30,735.72 45,89,37,083.77 Payable to NRLM 6,10,36,278.26 2,73,42,416.61 Loans & Advances Payable to BTDP - 5,42,37,602.00 Inter Project Advance Payable to SBM (G) - 3,340.00 BRLPS-LSBA-SBM (G) Bank Interest payable to funding Agency SJY - 1,46,25,400.92 NRETP 7B 54,50,923.00 1,16,47.168.96 Other than Inter project Advance 4 Other Advance 10,27,63,351.80 21,31,53,906.81 Total 196,85,16,301.46 3,60,59,22,618.88 Total LF 1,96,85,16,301.46 3,60,59,22,618.88 Significant Accounting Policies & Notes to Accounts -13 In terms of our report of even date For and on behalf of For Amit Ray & Co. Bihar Rural Livelihoods Promotion Society (Chartered Accountants) FRN-000483C (C.A. Ab arma P M.No.403861 it u*ntar) (Rahul Kumar) Place Patna Chief Finance Officer Project Director Date: -cum- Chief Executive Officer 1 6 SEP 0 23 Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project Schedule-1. Amount in Rupees Restricted Fund Particulars NRETP Credit R ETP NRETP-Innovative project Total Balance as at 01 -04-2022 1 ~~under NRETP 1RT-noaiepoet oa Opening Balance as at 01-04-2022 58,74,18,605.32 - 28,26,688,00 59,02,45,29332 Fund Received during the Year: 0 Central Share 72,31,50,000.00 25,00,000.00 - 72,56,50,000.00 State Share 48,21,00,000.00 48,21,00,000.00 Bank Interest Other Receipts 21,55,400.24 21,55,400.24 Transfer to /From Total fund Available (A) 1,79,48,24,005.56 25,00,000.00 28,26,688.00 1,80,01,50,693.56 Expenditure (B) 1,49,90,30,181.76 - 1,49,90,30,181.76 Closing Balance as at 31-03-2023 (A-B) 29,57,93,823.80 25,00,000.00 28,26,688.00 30,11,20,511.80 Break - up of Restricted Fund balance as on 3110312023 represented by: Cash & Bank 26,48,28,266.72 25,00,000.00 28,26,688.00 27,01,54,954.72 Advance 10,27,63,351.80 - 10,27,63,351.80 Total 36,75,91,618.52 25,00,000.00 28,26,688.00 37,29,18,306.52 Less: Liabilites 6,63,46,871.72 - 6,63,46,871.72 Less Interest Payable to Funding Agency 54,50,923.00 - 54,50,923.00 Restricted Fund 29,57,93,823.80 25,00,000.00 28,26,688.00 30,11,20,511.80 & cc National Rural Economic Transformation Project Schedules to the Balance Sheet Schedule -4 Loans & Advances: (Other than Inter Project Advance and TDS Receivable) Amount in Rs. Employee Advance Advance under Poultry Development Scheme Advance under Integrated Goat & Sheep Others DPCUs Development Scheme As at 31st As at 31st March 2023 March 2022 Less than Six Months More than Six Months Less than Six Months More than Six Months Less than Six Months More than Six Months Less than Six months More than Six Months Muzafferpur 6,47,029.00 67,258.00 14,81,07900 56,30,134.00 78,25,500.00 1,55,62,56776 Purnia 5,18,26900 1,45,968.00 13,531,00 3,43,183.00 27,90,715.55 1,87,000.00 39,98,666.55 56,05,135.59 Madhubani 7.91,208.00 2581 -- - 86,768.00 21,06,268.00 29,86,825.00 9.01,97800 Nalanda 1,32,125.00 4,40,019.00 24,94,296.00 10,39,710,00 41,06,150.00 50,85,87HO Gaya 6,48,031 00 1,52,790.64 4,49,000.00 1,17,644,00 - 3,01,544.00 3,14,960.00 9.57,713.00 29,41,682.64 2,56,21,154 64 Khagaria 1,05,467.00 6,990.00 20,000.00 77,45800 14,19 911,52 38,03,826.00 54,33,652.52 1,27,80,645.13 Bettiah 2,51,870.00 1,03,623.00 1,26,392.72 15,17,819.36 19,99,705.08 64,96,209.08 Bhagalpur 1,11,416.00 2,09.974.00 4,72,000.00 7,31.571.28 5,01,000.00 1,04,46,394.37 1,24,72,355.65 2,02,39,581-78 Darbhanga 96,000.00 39,956.00 2,67,033.00 81,000.00 10,59,388.00 18,62,33000 34,05,707.00 45,06,305.10 Gopaiganj 2,23,270.54 4,16,121.90 9,72,422.72 2,35,753.00 6,13,903.82 1,13,656.00 25,75,127.98 8b,02,053.12 Mad1hepura 5,00,272.00 12,213.00 12,03.075.00 9,939.00 17,25,499.00 30,96.242.35 Molihari 81,605.00 - 24,18.000.00 55,20,587.00 80,20,192.00 86,46,998,00 Murger 46,743.0 41,646.00 9,17,584.00 9,41.278.00 19,47,251.00 40,15,187 47 Patna 1,71,495.00 1,20,253.00 8,85,806,00 32,222.00 1,16,000.00 11,02,000.00 71,14,784.25 20,75,650-40 1,16,18,210.65 1,31,25,466,29 RobWas 2,04,417.23 57,157.00 9,70,400 12,31 974.23 22,48,627.50 Saharsa 2,67,207.00 91,916.00 5,36,535.00 4,58,875,00 13,54,533.00 72,53,554.00 Sitamarhi 1,60,603.00 57,050.00 14,04,163.00 3,49,650.00 19,71,466.00 19,33,316.00 Supaul 5,98,003.50 39,044.00 42,985.00 30,28,233.00 41,71,428.00 78,79 693.50 74,06,006.00 SPMU 79,499.00 - 1,91,89,661.00 - 1,92,69,160.00 6,00,25,000.00 Total 56,34,530.27 20,04,560.54 45,25,370.00 79,19,073.00 1,16,000,00 16,39,297.00 4,42,82,449.86 3,66,42,071.13 10,27,63,351.80 21,31,53,906.81 &Co K' Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project Schedule 2 Capital Fund Amount in Rs. Particulars As at 31st March 2023 As at 31st March 2022 Opening Balance 5,61,89,561.0 5,43,74,379.00 Add :Transferred during the financial year 2022- 23 being Capital Expenditure in nature 16,11,370.00 18,15,18200 Total 5,78,00,931.00 5,61,89,561.00 Schedule 3 Other Liabilities (Other than Inter Project Liabilities) Amount in Rs. Particulars As at 31st March 2023 As at 31st March 2022 SPMU Other Liabilities 9,12,300.00 (A) 9,12,300.00 DPCU Muzafferpur 1,97,563.00 96,582.00 Purnia 94,944.00 80,329.00 Madhubani 4,81,435.00 3,10,562.00 Nalanda 6,87,229.00 1,37,691.00 Gaya 5,00,854.00 5,10,260.00 Khagana 4,59,496.00 21,304.00 Bettiah 48,593.00 25,624.00 Bhagalpur 58,130.00 41.937.00 Darbhanga 74,360.00 9,082.00 Gopaiganj 39,970.06 2,42,130.21 Madhepura 5,15,608.40 2,28,144.40 Motihari 1,19,598.00 Munger 1,99,273.00 13,624.00 Patna 14,69,699.00 3,40,432.00 Rohtas 1,78,660.00 Saharsa 1,73,895.00 1,37,481.00 Sitamarhi 5,485.00 27,679.00 Supaul 5,801.00 2,02,124.00 Total (B) 53,10,593.46 24,24,985.61 Total (A+B) 53,10,593.46 33,37,285.61 Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project Schedule 5 Cash in Hand Amount in Rs Particulars As at 31st March 2023 As at 31st March 2022 Muzafferpur 8988.00 314.00 Madhubani - 2,444.00 Nalanda 925.00 27,058.00 Gaya 9,695.00 10,596.00 Gopalganj 4,611.00 38,70400 Saharsa 17,599.00 Total 24,219.00 96,71500 R Y G R j Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project _________________________________________________Schedule 6 Cash at Bank Amount in Rs. Particulars As at 31st March 2023 As at 31st March 2022 Muzafferpur 17,53.063.40 2,42,335.30 Pumia 97,803.00 2,260.00 Madhubani 25,60,098.05 8,74,919.37 Nalanda 75,78,432.08 57,46,337.02 Gaya 14,65,956.94 19,03,934.17 Khagara 6,34,173.00 2,29,540.00 Bettiah 1,20,425.15 2,33,143.87 Bhagalpur 29,63,181.54 Darbhanga 23,83,692.77 9,04,657.86 Gopalganj 1,26,726.00 26,36,048.99 Madhepura 3,97,534.12 4,64,731.53 Motihari 19,09,062.88 33,30,394.04 Munger 2,59,476 11 Patna 13,85,059.00 45,792.00 Rohtas 20,75,760.60 3,22,846.75 Saharsa 10,53,782.51 1,00,84,855.23 Sitarnarhi 5,36-999.27 1,14,336.67 Supaul 1,88,100.30 4,47,110.88 SPMU-Bank Alc-38723946910 24,26,41,409.00 43,13,53,840.09 Total (A) 27,01,30,735.72 45,89,37,083.77 Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project Schedule 7 Other Income Amount in Rs. Particulars For the year ended For the year ended 31st March 2023 31st March 2022 Muzafferpur 31,301.00 1,30,994.00 Purnia 66,220.00 25,080.00 Madhubani 22,404.00 Nalanda 96,522.00 Gaya 1,43,447.00 73,430.80 Khagara - - Bettiah 91,059.00 85,563.00 Bhagalpur - 10.00 Darbhanga 32,232.00 44,248.00 Gopalganj 1,03,360.12 70,967.00 Madhepura 2,05,585.15 46,452.00 Motihari 24,785.00 18,144.00 Munger 32,828.00 16,680.00 Patna 64,758.00 35,322.00 Rohtas . Saharsa 85,769.00 36,480.00 & Sitamarhi 44,682.00 25,080.00 C4 Supaul SPMU T 9,26.026.27_7,27,376.80 L Total 9,26.026.27 F7,27,376.80 Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project _________________________________________________Schedule 7A Interest other than SNA Amount in Rs. Particulars For the year ended For the year ended 31 st March 2023 31st March 2022 M[uzafferpur 1,36,057.00 90,601.00 Purnia 70,338.00 78,232.00 Machubani 1.17,264.00 95,789.00 Nalanda 1,59,494.00 1,25,163.00 Gaya 73,373.00 1,67,625.07 Khagana 33,931.00 57,072.00 Bettiah 23,803.00 42,371.00 Bhagalpur 1,12,888.00 1,11,866.00 Darbhanga 1,24,410.00 68,244.00 Gopalganj 41,840.00 1,30.210.08 Madhepura 18,306.00 35,494.00 Motihari 32,891.00 68,914.00 Munger 16,795.00 19.956.00 Patna 1,41,323100 78,458.00 Rohtas 24,895.97 88,662.00 Saharsa 42,807.00 38,655.00 Sitamarhi 24,497.00 44,931.00 Supaul I34,461.00 93,074.81 Total 112,29,373.97 14,35,317.96 Bihar Rural Livelihoods Promotion Society National Rural Economic Transformation Project Schedule 7B3 Interest on SNA ______________Amount in Rs. Particulars For the year ended For the year ended _____________________________ 31st March 2023 . 31st March 2022 SPMU 54,50,923.00 1,02.11,851.00 Total 54,50,923.00 1,02,11,851.00 SAY AI.RPA-U National Rural Economic Transformation Project Schedules to the Receipts and Payments and Income & Expenditure Account Schedule-8 State Rural Livelihoods Mission DPCU State & District Mission Capacity Building Total-as on Balance as on Management Unit Support 31-03-2023 31-03-2022 Muzafferpur 2,53,02,541.98 41,72,571.00 2,94,75,112.98 2,91,47,076.99 Purnia 2,18,69,716.00 12,49,691.60 2,31,19,407.60 2,61,73,788.00 Madhubani 2,17,33,167.00 13,38,861.00 2,30,72,028.00 2,15,30,272.00 Nalanda 1,86,74,376.00 5,44,476.00 1,92,18,852,00 2,26,27,686.00 Gaya 2,74,73,638.00 20,74,746.00 2,95,48,384.00 2,63,49,034.50 Khagaria 1,86,18,102.00 22,82,339.00 2,09,00,441 00 1,77,91,824.00 Bettiah Bhagalpur 39,826.00 39,826.00 82,499.00 Darbhanga Gopalganj 1,54,30,744.45 28,01,218.00 1,82,31,962.45 1,42,45,153.89 Madhepura 1,49,63,975.22 16,19,259.00 1,65,83,234.22 1,36,59,632.90 Motihari Munger Patna Rohtas 5,666.40 Saharsa 2,11,26,807.00 44,16,074.00 2,55,42,881.00 1,94,79,692,00 Sitarnarhi 4,500.00 5,798.00 10,298.00 55,765.00 Supaul 1,41,80,238.50 23,32,721,00 1,65,12,959.50 1,49,54,714 65 SPMU 10,76,37,317.00 19,74,584.00 10,96,11,901.00 9,37,74,544.00 Total 30,70,15,123.15 2,48,52,164.60 33,18,67,287.75 29,98,77,349.33 Less: Assets Capitalised 9,37,739.00 - 9,37,739.00 12,61,534.00 Netto R&P A/C 30,60,77,384.15 2,48,52,164.60 33,09,29,548.75 29,86,15,815.33 & ~ * \>9D A~ National Rural Economic Transformation Project Schedules to the Receipts and Payments and Income & Expenditure Account Schedule-9 Institutional Building and capacity Building Amount in Rs. Block Management Community Institution Financial Inclusion Farm Livelihoods Enterprise Capacity Total as at Total as at Unit Costs support for Model CLF Initiatives Initiatives Building lnitiatives(non 31-03-2023 31-03-2022 farm) Muzaffarpur 5,96,25,614.44 5,98,82,406.48 82,017.00 - 20,31,193.00 12,16,21,230.92 9,30,32,203.98 Purnia 4,34,15,361.44 4,39,69,240.00 - 11,396.00 - 8,73,95,997.44 8,73,86,875.74 Madhubani 3,55,11,837.84 2,15,18,576.50 4,68,703.00 28,25,684.00 8,21,671.00 6,11,46,472.34 6,05,37,821.45 Nalanda 6,94,31,366.80 2,52,26,523.00 - 9,46,57,88980 8,59,01,615.96 Gaya 4,84,39,122.87 2,57,05,424.00 5,00,200.00 12,000.00 - 7,46,56,746.87 6,99,81,040.53 Khagaria 2,32,90,259.61 2,03,31,179,00 - 4,36,21,438.61 4,26,14,402.40 Bettiah 1,74,60,983.72 1,21,72,923.00 5,10,479.00 1,10,840.00 5,19,795.00 3,07,75,020.72 2,90,58,703.83 Bhagalpur 2,50,29,472.27 1,85,56,273.00 - 4,35,85,745.27 3,30,05,463.03 Derbhanga 2,25,77,423.38 1,65,55,212.81 7,159.00 - 3,91,39,795.19 2,50,39,266.78 Gopalganj 2,04,57,163.87 92,06,344.00 - 21,14,394.00 - 3,17,77,901.87 3,51,68,555.02 Madhepura 2,44,43,300.55 2,46,70,244.50 - 1,18,478.00 6,32,632.00 4,98,64,655.05 4,77,90,827.08 Motihari 2,25,44,964,16 33,96,569.00 - 2,160.00 44,140.00 2,59,87,833.16 3,92,09,157.77 Munger 1,60,50,949.36 69,26,589.00 1,600.00 1,25,000.00 - 2,31,04,138.36 2,43,92,810.16 Patna 2,84,98,057.80 1,01,69,488.00 25,860.00 46,000.00 5,22,224.00 3,92,61,629.80 4,36,98,502.01 Rohtas 2,75,35,273.09 79,48,447.00 - 1,56,459.50 - 3,56,40,179.59 3,63,34,739.00 Saharsa 2,88,53,329.72 1,04,92,057.00 17,871.00 95,392.00 - 3,94,58,649.72 4,31,29,888.60 Sitamarhi 2,28,34,673.40 3,26,50,356.00 1,320.00 - 5,54,86,349.40 4,41,29,181.41 Supaul 2,05,15,152.58 2,29,37,807.00 - 4,34,52,959.58 3,75,13,35636 SPMU - 62,60,718.00 67,22,323.00 9,13,13,995.00 42,75,000.00 10,85,72,036.00 22,29,53,090.48 Total 55,65,14,306.90 37,85,76,377.29 83,37,532.00 9,69,31,798.50 88,46,655.00 1,04,92,06,669.69 1,10,08,77,501.59 Fixed Asset Addition net of 6,73,631.00 6,73,631.00 5,53,648.00 Consumables Transfered to R & P AIC 55,58,40,675.90 37,85,76,377.29 83,37,532.00 9,69,31,798.50 88,46,655.00 1,04,85,33,038.69 1,10,03,23,853.59 , 1rD ACC National Rural Economic Transformation Project Schedules to the Receipts and Payments and Income & Expenditure Account Schedule-10 Community Investment Support Amount in Rs. Capitalization Support for Institutional Gap Vulnerability Reduction Support to PG/ P0 Community Enterprise Support to Producers Total as at Total as at DPCU SHGs/V0s/CLFs-CAP Support & Infrastructure (to VOs/ CLFs) (Working Capital) Fund for Enterprise Support to BC Sakhi Enterprises (Farm) 31-03-2023 31.03-2022 support (revolving) Muzafferpur 41,64,744.00 9,38,655.00 64,11,373.76 38,50,434.00 31,25,000,00 1,84,90.206.76 3.56,96,717,24 Purnia 62,66,000.00 - 7,30,861.00 14,40,000.00 84,36,861.00 6,12,91,375,00 Madhubani 51,83,481.00 66,671.00 46,66,157.00 (1,30,000.00) - 97,86,309.00 4,98,28,391.00 Nalanda --50,061.00 4,95,150.00 1,19,625.00 6,64,836.00 5,20,33,493.07 Gaya 18,66 072.00 45,54,949.00 1,06,75833.00 1,70,96,85400 5,18.14,011 00 Khagaria 2.15,581.00 1,70,135.00 11,90,617.0 14,39,922.00 27,60,364.00 57,76,619,00 2.13,31,938.40 Bettiah 9.76,693.00 37,57,349 00 1,84,43500 - 49,18,477.00 3,61,72,126.00 Bhagalpur 27,17,985.00 3,05,000.00 7,02,997,00 3,30,180.00 40,56,162.60 1.71,46321 00 Darbhanga 34,65,102,00 1.40,085.00 14,84,602 00 22,000.00 51,11,789.00 90,35,784.00 Gopalgan, 59,105.00 1,49,500.00 8,58,660.00 - 10,67,265.00 2,37,27,255.50 Madhepura 26,19,000.00 1,06 525.00 95,893.00 25.93,835.00 54,15,253.00 3,60,08 594.00 Motihan (2,70,000.00) - 6.94,005.00 1,20,000 7.35,69000 42,08,145.00 54,87,840.60 2,30,67,188.00 Munger 4,36,00.00 3,25,000.00 3.10,000.00 7,89,322.00 18,60,322.00 1,1966.810.00 Paina - 68,300.00 17,11,705.00 10,57,000.00 23,64 454.89 52,01,459.89 1,82,37,598.11 Rohtas (13,51,410.32) - 6,00,000.00 2,25,000.00 (5,26,410.32) 3,58.47,780.00 Saharsa 1,60,650.00 . 10.00,000.00 1,52.880.00 28,35,883.99 41,49.413.99 3,44,91,84300 Sitarnarhi 27,87,940.00 - 23,16,657.00 6,45,94000 56,50.53700 3,25,47,619.00 Supaul 35,05,730,00 2,70,274.00 8,07.392.00 5,36,49,00 51,19,895.00 2,05,04,725.00 SPMU - Total (2,70,000.00) 3,12,06,600.68 - 42,35,363.00 2,57,53,824.76 1,59,30,819.00 3,09,07,081.88 10,77,63,68932 57,07,49,569.32 Less:Fixed Asset Addition net of 4,98,98.615.DD Consumables Net to R & P AJC (2,70,000.00) 3,12,06,600.68 42,35,363.00 2,57,53,824.76 1,59,30,819.00 3,09,07,081.88 10,77,63,689.32 52,08,50954.32 jz, 4 & C : ~l~ -E 9 0i National Rural Economic Transformation Project Schedule 11 Fixed Assets Amount in Rs. Balance as on Balance as on Particulars 01-04-2022 Addition During the year Deletion During the Year 31-03-2023 Computer/Scanner 4,29,924.00 4,29,924.00 Furniture 22,95,154.00 8,66,558.00 31,61,712.00 Photocopier 1,07,000.00 47,491.00 1,54,491.00 Printer 8,30,505.00 43,390.00 8,73,895.00 Software 6,100.00 - 6.100.00 Other Office Equipments/Camera/Cyce 7,21,094.00 2,70,669.00 9,91,763.00 LCD Projector 5,00,31,465.00 38,940.00 - 5,00,70,40500 UPS/Inverter 7,31,139.00 2,58,394.00 9,89,533.00 Computer Accessories 5,92,454.00 30,850.00 6,23,304.00 Upgrading of Computer System/ Office 1,31,250.00 3,893.00 1,35,143,00 Equipment Fan 2,42,504.00 43,411.00 2,85,915.00 Sign Board 11,035.00 - 11,035.00 Office Refurnishing 43,914.00 2,500.00 46,414.00 Gas Cylinder 1,924.00 4,724.00 6,648.00 Stabliser 3,100.00 - 3,100.00 Data Card 7,499.00 550.00 8,049.00 White Board 1,100.00 - 1.100.00 Water Filter 2,400.00 2,400.00 Total 5,61,89,561.00 16,11,370.00 - 5,78,00,931.00 P R\ : PAGRjJ cf National Rural Economic Transformation Project Schedules to the Balance Sheet Fixed Assets Details [Addendum to Schedule 11] Amount in Rupees Particulars Muzaffarpur Purnia Madhubani Nalanda Gaya Khagaria Bettiah Bhagalpur Darbhanga Computer/scaner Furniture 2,48,521.00 3,68,048.00 8,845,00 9,03400 23,000.00 18,35000 Pholocopier 47,491.00 Printer 23,400.00 19,990.00 Software Other Office Equipmenls/Cameraicyde 92,620.00 23,86700 2,735.00 3,730.00 14,475.00 LCD Projector/Pico Projector 38,94000 UPS/InverterlHard Disk 2,06,94000 10,525.00 32,279.00 Computer/iT AcCessories 4,350.00 10,200.00 Upgrading of Computer System/Office Equipment 3,893.00 Far 4,470.00 19,393.00 6,00000 3,548.00 Sign Board Office Refurmishing 2,500.00 Gas Cylinder 2,463.00 Stab tise Data Card 550.00 White Board Water Filter Total 3,38,136.00 2,80,614 00 3,68,048.00 19,370.00 38,901.00 1 61,700.00 6,833.00 22,080.00 14,475.0 LPRAIIFRAJ 1 National Rural Economic Transformation Project Schedules to the Balance Sheet Fixed Assets Details [Addendum to Schedule 11] Amount in Rupees Particulars Gopalganj Madhoepura MDtiharl Munger Patna Rorhtas Saharsa Sitamarhal Supaul SPMU Consolidated Compuler/scaner Furniture 47,980.00 2,200.00 9,200.00 19,780.OG 1.11,600,00 8,66.55B00 Phcotocopiei 47.491.00 Printer 43,390 Sottware Otner Office EquipmerlCamneralcycle. 11,500.00 17,590.00 39,150.00 2,100.00 5,806.00 5,719.00 9,914.00 44.769.00 2,70,69.00 LCD ProjeGtoilPico Projector 38,940,00 UPS11inverter/Hard Disk 6,150.00 2,500.00 2,58,394.00 ComputedtIT Accessories 12,600.00 3,70000 30,856.00 jjpprading of Computer Systern!Oif iGe Equipmcnt 3830 [Fan ______________3,050.030 6,050.00 43.411. 00 [Sign Board Office Refurniushing 2,509.00 1('zi ryfinder 2,261 00 4.724-00 Data Card 550.80 White Board Waler Filter Tot3l 30,250,00 65,570.030 45,050.00 -5,150.00 8,061.00 24,369.00 26,394.00 1,56,369.00 16,11,370.00 ACC National Rural Economic Transformation Project Schedules to the Receipts and Payments and Income & Expenditure Account Schedule-12 Ease of Living Survey (EoL) Amount in Rs. Total-as on Balance as on DPCU Ease of Living Survey31022330302 31-03-2023 31-03-2022 Muzafferpur 63,94,016.00 Purn[a 42,79,881.00 Madhubani - 28,69,942.00 Nalanda 38,24,642.00 Gaya 49,76,317.00 Khagaria 35,47,330.00 Bettiah 44,51,644.00 Bhagalpur 8,26,050.00 Darbhanga 69,68,460.00 Gopalganj 6,37,647.00 Madhepura 46,76,735.00 Motihari 75,89,095.00 Munger -__ 16,70,930.00 Patna 48,87,640.00 Rohtas 16,79,907.00 Saharsa Sitamarhi - 54,56,109.00 Supaul - - 20,65,221.00 SPMU - -_2,29,12,436.40 Total 8,97,14,002.40 7 cD BIHAR RURAL LIVELIHOODS PROMOTION SOCIETY National Rural Economic Transformation Project Reconciliation of Expenditure with lUFR Particulars Amount in Rs. Expenditure as per Audited Financial Statement 2022-23 (A) 1,49,90,30,181.76 1,49,90,30,181.76 Less: Statement of Expenditure sent to NMMU (B) 1st April 22 to 31st May 22 21,87,76,724.72 Jun-22 12,72,86,215.93 2nd Qtr.2022-23 40,65,45,971.34 3rd Qtr.2022-23 25,46,49,360.89 4th Qtr.2022-23 49,17,71,908.88 Difference (A-B) For Amit Ray & Co. For and on behalf of Bihar Rural Livelihoods Promotion Society (Chartered Accountants) FRN-000483C (C.AA ishek Sharma, Partner) it ( Rahul Kumar) M.No.403861 RA Chief Finance Officer Project Director -cum- 0. Chief Executive Officer Place : Patna AGRA Date: Rural Development Department, Government of Bihar Bihar Rural Livelihoods Promotion Society State Rural Livelihoods Mission, Bihar 3rd Floor, Vidyut Bhawan-1l, Bailey Road, Patna - 800 021; Ph.: +91-612-250 4980; Fax: +91-612-250 4960, Website www.brlps,in Date:- To, M/s Amit Ray & Co, Chartered Accountants, Sub.: Management Assertion Letter Sir, This assertion letter is provided in connection with your audit of the financial statements of the National Rural Economic Transformation Project (NRETP) for the year ended 31st March 2023. We acknowledge our responsibility for the fair presentation of the financial statements in accordance with the cash basis of accounting followed by the Government of India, and we confirm, to the best of our knowledge and belief, the following representations made to you during your audit. * The project financial statements are free of material misstatements, including omissions. * Project funds have been used for the purposes for which they were provided. * Project expenditures are eligible for financing under the Loan/Credit agreement. * Except some reported cases where in action have been taken as per rules, there have been no irregularities involving management or employees who have a significant role in internal control or that could have a material effect on the project financial statements. * Procurement procedures as prescribed for the project have been followed. * We have made available to you all books of account and supporting documentation relating to the project. * The project has complied with the conditions of all relevant legal agreements, including the Financing Agreement, the Project Agreement, the Project Appraisal Document, and the Project Implementation Plan. Ch ne Chief Executive Officer BRLPS BRLPS NATIONAL RURAL ECONOMIC TRANSFORMATION PROJECT (NRETP) Schedule-13 Significant Accounting Policies and Notes to Accounts 1. Overview of the Proect/ Mission The Bihar Rural Livelihoods Promotion Society is a non -profit organization registered under the Societies Registration Act, 1860 and is promoted by the Government of Bihar. As per decision taken by Govt. of Bihar, the Society has been nominated as nodal agency to implement the State Rural Livelihood Mission in Bihar. The project has been implemented in 18 districts and 89 blocks during the financial year 2022-23. The Society has received Rs.72.32 crore from Ministry of Rural Development (MORD) and Rs. 48.21 crore from Government of Bihar (GoB) during the year for implementation of the project. 2. Basis of Preparation of Financial Statements The Financial Statement has been maintained on double entry system adopting cash basis of accounting. Financial Statements are prepared in accordance with the Generally Accepted Accounting Principles including Accounting Standards followed in India to the extent applicable. Preparation of the financial statements are inconformity with the Generally Accepted Accounting Principles requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities on the date of financial statements and reported amount of revenues and expenses for the year. Estimates are based on assumptions the management believes are reasonable under the circumstances. 3. Fixed Assets and Depreciation Fixed Assets acquired have been value at cost including all direct costs i.e., purchase price, transportation expenses, installation charges and other expenditure incurred for bringing the fixed assets in working condition, including expenditure incurred prior to its first use. Memorandum records are maintained to exercise physical control over the assets. No depreciation has been charges on the fixed assets in the financial statements. 4. Revenue Recognition Funds received from MoRD have been recognized as income to the extent of the revenue expenditure made during the year after considering Miscellaneous Income and the unutilized balance is shown as a part of the Restricted Fund. For expenditure incurred on Fixed Assets, a corresponding amount has been transferred to the Capital Reserve Fund, Interest earned on bank deposits during the project period has been treated as project liability towards government and accounted on receipt basis.Gross interest earned has ACC been disclosed as "Bank Interest" and TDS deducted thereon has been shown as TDS Receivable". 5. Valuation of Stocks Materials and office supplies acquired for the program are charged as expenditure at the time of payment. Memorandum Stock Register is maintained to control over the store item. 6. Expenditure Incurred by Technical Service Agencies and Support Organizations. MOUs/Agreements have been entered with the Technical Service Agencies and Support Organizations. Payments against such contracts which are output based are charged to expenditure since these are linked to completion of pre-determined milestones. 7. Accounting of Fund Disbursed to SHGs Funds released to Self Help Groups (SHGs) under Community Investment Support (CIS) are charged to the Income & Expenditure Account by the Society. As per Project Implementation Plan the said disbursed amount will be considered as loan. Moreover, SHGs will return the said amount to the CLFs/BLFs through concerned VOs and no transaction will be held between SHGs and the Society at the time of refund of loan and rotation. Hence the Society has charges the amount under Income & Expenditure during the year of disbursement. 8. Previous year's figures have been regrouped where necessary to conform to this period's classifications. For Amit Ray & Co For and on behalf of Chartered Accountants Bihar Rural Livelihood Promotion Society FRN:-000483C C Abhishek Sharma MR No.403861 e Officer Chief Executive Officer 0RAY4 PRAYAGRAJ u AC -