Reporting on Economy, Efficiency & Effectiveness in the use of Public Resources AIN: GGD-2022-484 FINANCIAL AUDIT REPORT OF THE WORLD BANK PROJECT ‘MULTI DONOR FUND GRANT FOR STRENGTHENING PUBLIC FINANCIAL MANAGEMENT’ IMPLEMENTED BY THE DEPARTMENT OF TREASURY AND ACCOUNTS, MINISTRY OF FINANCE, THIMPHU PERIOD: 01/07/2021 TO 30/06/2022 NOVEMBER 2022 “Every individual must strive to be principled. And individuals in positions of responsibility must even strive harder.” - His Majesty King Jigme Khesar Namgyel Wangchuck P.O. Box: 191 | Kawangjangsa | Thimphu | Bhutan | Tel: +975-2-322111 Website: www.bhutanaudit.gov.bt | Email: info@bhutanaudit.gov.bt RAA/GGD/Projects(MDFPFM-DTA)/05/2022-23/2042 Dated: 10/11/2022 The Director General Department of Macro-Fiscal and Development Finance Ministry of Finance Thimphu Subject: Financial Audit Report of World Bank Project ‘Multi Donor Fund for Strengthening Public Financial Management’, for the period 1st July 2021 to 30th June 2022 Madam, Enclosed herewith, please find three sets of audited financial statements and auditors’ report thereon in respect of the World Bank Project ‘Multi Donor Fund for Strengthening Public Financial Management’ implemented by the Department of Treasury and Accounts, Ministry of Finance, Thimphu for the financial year ended 30th June 2022 along with the Audit Findings & Recommendations. The audit was conducted as required under the Audit Act of Bhutan 2018, and in accordance with International Standards of Supreme Audit Institutions (ISSAIs). Two sets of the audited Financial Statements and Auditors’ Report may please be forwarded to World Bank, Bhutan Country Office, BDBL Building, Chubachu, Thimphu, Bhutan. Auditor’s Report on the Financial Statement As may be noted from the auditors’ report, the financial statements are prepared by the Project, in all material respects, in accordance with the Project Agreement. Accordingly, the RAA has expressed unmodified (clean) opinion on the financial statements. Audit Findings and Recommendations The auditors’ review of the accounting records, internal controls and operations of the Project revealed deficiency and lapse which is detailed in Part I of the report along with recommendation, which also forms part of the audited financial statements for the year ended 30th June 2022. The RAA has reviewed the replies furnished by the Project and incorporated in the report. Out of two (02) audit findings, one (01) audit finding was settled in view of replies and related supporting documents and evidences furnished subsequently which are transmitted separately to the Project in the form of Management Appraisal Report for future reference and compliance. The Project Management is requested to review the deficiency and lapse pointed out and institute appropriate check and balance systems to curb such lapse in future. The Royal Audit Authority would appreciate receiving an Action Taken Report (ATR) within one month from the date of issue of the report. “Every individual must strive to be principled. And individuals in positions of responsibility must even strive harder.” - His Majesty King Jigme Khesar Namgyel Wangchuck P.O. Box: 191 | Kawangjangsa | Thimphu | Bhutan | Tel: +975-2-322111 Website: www.bhutanaudit.gov.bt | Email: info@bhutanaudit.gov.bt The Royal Audit Authority acknowledges the kind co-operation and assistance extended to the audit team by the officials of the Project which facilitated timely completion of the audit. Yours sincerely, Copy to: 1. The Director, Department of Treasury and Accounts, Ministry of Finance, Thimphu; 2. The Project Manager, MDF-PFM, DTA, MoF, Thimphu; 3. AAG, PPD, Royal Audit Authority, Thimphu; 4. AAG, Follow-Up & Clearance Division, Royal Audit Authority, Thimphu; 5. Office copy. TITLE SHEET Financial Audit of the World Bank Project ‘Multi Donor Fund for 1. Title : Strengthening Public Financial Management Project’ implemented by Department of Treasury and Accounts, Ministry of Finance, Thimphu 2. AIN : GGD-2022-484 Tshering Dorji, Director 3. Head of the : EID No. 9811004, CID No. 10602000312 Agency Email ID: tsheringdorji@mof.gov.bt 1. Tenzin Jamtsho, Chief Finance officer EID No. 9711022, CID No. 11503003203 Email ID: jamtshot@mof.gov.bt 4. Drawing & 2. Tshering Deki, Deputy Chief Finance Officer Disbursing : EID No. 2001015, CID No. 11704001494 Officer Email ID: tdeki@mof.gov.bt 3. Dechen Choden, Deputy Chief Finance Officer (Project Manager) EID No:200801131, CID No: 11513003860 Email ID: dechenc@mof.gov.bt 5. Name of Sonam Lhamo, Accts Assistant Finance : EID No.: 200607057, CID No.: 11509004036 Personnel Email: sclhamo@mof.gov.bt 6. Period Audited : 01/07/2021 to 30/06/2022 7. Schedule of : Start Date: 23/09/2022 Audit End Date: 02/10/2022 Team Leader: Tshering Yangzom, Sr. AO (CID No.: 11107000050 & EID No.: 201001062) 8. Composition of : Team Members: Audit Team 1. Ugen Dorje, Sr. Auditor I (CID No.:10905003369 & EID No.: 8507016) 2. Woedsel Lhamo, AAO (CID No.:10102001962 & EID No.: 20200116973) 9. Supervising : Chhoden, Assistant Auditor General Officer EID No. 200501091 10. Overall Dorji Wangchuk, Deputy Auditor General Supervising : EID No. 200201004 Officer 11. Audit Intimation : RAA/GGD/MoF(DPA-PFM)/02/2022-2023/1404 dated 16/09/2022 Letter No. 12. Focal Person : Woedsel Lhamo 13. Date of Audit : Not conducted Exit Meeting ACRONYMS AAG : Assistant Auditor General AIN : Audit Identification Number AR : Audit Report ATR : Action Taken Report CID : Citizenship Identification Number CPMS : Check Post Management System DTA : Department of Treasury and Accounts EID : Employee Identification Number FY : Financial Year GGD : General Governance Division ISSAIs : International Standards of Supreme Audit Institutions IUFR : Interim Unaudited Financial Report MDF : Multi Donor Fund MoF : Ministry of Finance PFM : Public Financial Management PLC : Project Letter of Credit PPD : Policy and Planning Division RAA : Royal Audit Authority RGoB : Royal Government of Bhutan TABLE OF CONTENTS AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS OF THE WORLD BANK PROJECT ‘MULTI DONOR FUND FOR STRENGTHENING PUBLIC FINANCIAL MANAGEMENT’ FOR THE FINANCIAL YEAR ENDED 30TH JUNE 2022 1 AUDIT FINDINGS AND RECOMMENDATIONS 1 PART I: DEFICIENCIES & LAPSES 1 1. Inadmissible payment of travelling and daily allowances (TA/DA) due to mismatch of travel claims details with Check Post Management System (CPMS) data – Nu. 118,626.00 (2.1.3) 1 APPENDICES FINANCIAL STATEMENTS PROFILE 6 Signed Accountability Statement AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS OF THE WORLD BANK PROJECT ‘MULTI DONOR FUND FOR STRENGTHENING PUBLIC FINANCIAL MANAGEMENT’ FOR THE FINANCIAL YEAR ENDED 30TH JUNE 2022 Opinion We have audited the financial statements of the World Bank Project ‘Multi Donor Fund for Strengthening Public Financial Management’ (Grant No. TF0A5549 – BT) [PLC Account No. 202.01/2011, FIC: 4616] which comprise of the Statement of Sources and Uses of Funds, Statement of expenditures by project activities, Designated Account Reconciliation Statement including summary of significant accounting policies for the financial year ended 30th June 2022. In our opinion, the accompanying financial statements are prepared, in all material respects, in accordance with the Project Agreement. Basis for Opinion We conducted our audit in accordance with International Standards of Supreme Audit Institutions (ISSAIs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of Financial Statements section of our report. We are independent of the Project and we have fulfilled our responsibilities in accordance with the requirement outlined in RAA’s Oath of Good Conduct, Ethics and Secrecy of Auditors. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Basis of Accounting We draw attention to Note 1 to the special purpose project financial statements, which describe the basis of accounting. The special purpose project financial statements are prepared to assist the project’s management to comply with the financial reporting provisions of the Project Agreement, which requires the special purpose project financial statements to comply with the Project Agreement. As a result, the special purpose project financial statements may not be suitable for another purpose. Our opinion is not modified in respect of this matter. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for preparation of the financial statements in accordance with the Project Agreement, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Those charged with governance are responsible for overseeing the Project’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAIs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISSAIs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also: ● Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omission, misrepresentations, or the override of internal control. ● Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Project’s internal control. ● Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. We communicate with the management, among others, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit. We report that;  The funds provided under Grant No.: TF0A5549 – BT have been utilized for the purpose for which they were provided;  All expenditures incurred and reported are eligible for financing under the Grant Agreements;  The flow of funds from the Designated Account and balance thereon could be fairly relied upon. The control mechanism put in place for the operation of the account could also be fairly relied upon;  With respect to Statement of Expenditures (SoEs), adequate supporting documents has been maintained to support claims to the World Bank for reimbursements of expenditures incurred;  The overall reconciled fund balance of the Project as at 30th June 2022 stands at Nu. 71,851,135.83 which is represented by fund balance Nu. 16,384,668.91 in the Department of Treasury and Accounts (Refer Financial Information on External Projects Including Outstanding Advances FIC Code 4616), and Nu. 55,466,466.92 in the Department of Macro-Fiscal and Development Finance (Refer Bank Statement bearing Bank Account No. 200787259 and Designated Account Reconciliation Statement). (Chhoden) Assistant Auditor General Date: 10/11/2022 AUDIT FINDINGS AND RECOMMENDATIONS AUDIT FINDINGS AND RECOMMENDATIONS The Royal Audit Authority while reviewing the accounting records, internal controls and operations of the World Bank Project ‘Multi Donor Fund for Strengthening Public Financial Management’ observed a deficiency and lapse as detailed under Part I of the report. PART I: DEFICIENCIES & LAPSES The deficiency and lapse observed in the audit of the World Bank Project ‘Multi Donor Fund for Strengthening Public Financial Management’ is as discussed below: 1. Inadmissible payment of travelling and daily allowances (TA/DA) due to mismatch of travel claims details with Check Post Management System (CPMS) data – Nu. 118,626.00 (2.1.3) During the financial year 2021-22, the RAA noted that various workshops and trainings were conducted under the MDF project. On cross-verification of the officials’ travel claim bills vis- à-vis record of the CPMS data, the RAA found a total inadmissible payment of TADA amounting to Nu. 362,984.00. The inadmissible amount comprised of Nu. 301,984.00 for TA (mileage) and Nu. 61,000.00 for DA as detailed in the Appendix I and II respectively. The RAA noted following inconsistencies in the records of claims bills and CPMS: a) Claimed extra days for halts in travel claim bills whereas no halts indicated by CPMS data. b) Officials had claimed for extra days by showing different start date and return date inconsistent with CPMS data. c) Mileage claims made when vehicles were not driven by the officials as per the records of CPMS. Therefore, the amount should be recovered from the concerned officials and deposited into Audit recoveries account along with justification for such lapses. Auditee’s Response: RRCO, Mongar (ToT workshop on fiscal incentive (FI) at Thimphu from 9-10th May 2022) This is to apprise the audit team pertaining to audit observation made on inadmissible claims of mileage. Actually, five of us were FI focal from the RRCO Mongar and while heading to Thimphu, we have had consensus to adjust in the same vehicle number bearing BP-1-D0988, as one of our FI focal Ms. Tshering Pem’s vehicle number bearing BP-1-F0817 was already there in Thimphu and on returning to Mongar, we were in two vehicles with given details. Sl. Vehicle Driver Passenger Remarks No. Number 1 BP-1- Kunzang 1.Kinzang Choden During the FI workshop we were informed to claim the D0988 Dorji T 2.Yonten Jamtsho travel authorization & bills to e-dats approving authority. On the contrary, the mileage has been 2 BP-1- Chimi Tshering Pem mistakenly claimed in the name of Mr. Yonten Jamtsho F0817 Sithup instead of Ms. Tshering Pem’s car bearing registration 1|Page number BP-1-F0817. However, the return date given in the audit observation is not valid, we actually took the journey on 12/05/2022 thus, a given vehicle number would be detected in CPMS data along with passenger details. Therefore, the vehicle adjustment was made based on carpooling mandates & our earnest request to the audit team is to drop the memo under your kind consideration. DA claimed for 4 days: We accept that we went directly to Thimphu from Mongar without halt. The reason for this is that owing to the road conditions, we thought that it would be better if we could reach Thimphu before time to avoid unavoidable circumstances. (Due to Road widening between Mongar to Bumthang, a frequent roadblock is expected). We started our journey from 3am on 8/05/2022 sacrificing our comfortability and reach at Thimphu at 11pm. It was almost a 20-hour Journey. Additional Reply (03.11.2022): For a return journey, we halted at Bumthang due to bad road conditions at Namling (got the news that it was heavily raining and thick fog existed from a passerby). A CPMS might have covered till Je zam, Trongsa only before reaching Bumthang. So the next day while we traveled from Bumthang, a CPMS camp at URA wasn’t there as per our memory. Therefore, we hope that our audit team will consider for one-day DA for the returning journey. Public Investment Management (PIM)in-house training at Thimphu from 18-26th Oct 2022 As per the invitation order vide letter No. MoF/DNB/ 2021-22/191 dated October 7th, 2021 participation in-person from across the budgetary agencies were invited for the In-house training on PIM guidelines. As per the invitation letter, although there was more than one participant from each budgetary agencies requirement of pooling the cars was not mentioned. Pooling of cars was not mentioned as the department as an organizer was not in the position to enforce for private carpooling when requesting for their representation and participation by not being able to assess the convenience at their end. Accordingly, verification of the TA/DA claims of the participants were approved as claimed upon verification of the number of travel days and training days without doubting on the individual integrity being a civil servant. However, the department would like to express our appreciation to the Royal Audit Authority by putting an effort in verifying the TA/DA claims against the execution of travel recorded through CPMS. Accordingly, the Department of Planning, Budget and Performance will immediately write to the individual officials to refund the excess claims into the Royal Audit Recovery Account for those who have travelled together and claimed beyond actual travel days as per CPMS record. However, the excess payment remarked as no travel record under CPMS and no carpooling of the are requested to be considered for the following officials as justified: 1. Sangay Thinley, Accounts Officer, Punakha Dzongkhag 2. Tshering Chophel, Engineer, Wangduephodrang Dzongkhag The above two officials were present physically so the claims were verified and approved accordingly. 3. Chhimi Dem, Assistant Procurement Officer, Mongar Dzongkhag. 2|Page For Chhimi Dem since she claimed based on her travel till Tshobali due to road block, the claim was verified and approved accordingly. Therefore, the excess payment reflected for the travel not recorded in the CPMS is requested to be considered and dropped. Basic and Comprehensive training to TTT members at Thimphu from 22-26th November 2021 1. Dechen Wangdi, Deputy Collector, S/Jongkhar The RAA has issued a memo mentioning that mileage is inadmissible while traveling with colleagues. Although I have traveled with my colleague, the travel expenses from S/Jongkhar to Thimphu and back to S/Jongkhar was not adequate to cover our expenses with one mileage being provided. Further, I/we did not claim mileage as a matter of right as three of us did carpooling and claimed mileage for two officials. Furthermore, I/we would like to drive our own vehicle if the road conditions were good and if it was a short distance. Driving a vehicle individually for a long distance in bad road conditions was taking a risk to our life at the expense of the training. And the very reason for claiming mileage for two officials was purely to cover our travel expenses that I/we incurred during our journey from Samdrup Jongkhar to Thimphu and back to Samdrup Jongkhar. Therefore, the RAA is requested to drop the memo as only two officials claimed the mileage out of three officials. The mileage claims made for two officials were also shared equally to cover the travel expenses of the respective officials. 2. Jamphel Tshering, Sr. Sales Tax Inspector III, Mongar As observed by RAA it is fact that we have availed public bus service on both the journeys. The mere and obvious reason for opting bus service is only due to pathetic road conditions between Mongar and Thimphu. Driving a low clearance car only attributes a negative budget to what we receive from mileage. Thus, based on mutual understanding Mrs. Kinzang Choden and I have decided to claim one mileage and divide the mileage equally to cover up the expenses incurred during the training period. Therefore, my only request is to consider the justification and drop the observation. Bus fare (Mongar to Thimphu) = 900*2 journey = 1800/- For Mrs. Kinzang Choden = 900*2 = 1800/- Total = 3,600/- 3. Mani Tenzin, Asst. Collector, Bumthang The Audit has observed and issued a memo against my name pertaining to the inadmissible mileage while taking the bus. I have opted to travel by bus since I was not confident enough to drive my own car for a long distance and the bad road condition. I have claimed the mileage soly to cover up the expense incurred for a taxi to pick and drop service to attend training in Thimphu. Therefore, I would like to request RAA to kindly consider the justification provided and drop the memo. Total bus fare: Nu. 521*2=Nu. 1042. Field visit to 20 dzongkhags for verification and updation of distances, stations and dholam The field visit to carry out the consultative discussion with the Dzongkhag sector heads on the places, distances and dholams was carried out with very judiciously time and resource within 3|Page 17 days including weekends. In our initial plan, it was estimated that the whole exercise will take about a month to complete. This was done due to the urgent need to validate and rectify the distances and dholams submitted earlier by the respective Dzongkhags. It was observed that many places, distance and dholams were either escalated or inaccurately submitted by the agencies. The schedule was very tight and took a great deal of scarifies within the limited time. Most of the time, we have to meet with the relevant people in the field and the discussions prolonged till dusk and continued our journey at night. However, with the team work and shared goals among the members, we could achieve the task with almost half the projected duration. The group members were paid the mileage individually as the members have to work separately with different sectors to complete the task within the stipulated time and need to travel separately within the Dzongkhags. At least that is the only incentive to let them work extra hours during week days as well as the weekends falling in between. Therefore, the management would like to request your office to kindly consider the observation on the field visit to 20 dzongkhags for verification and updation of distances, stations and dholam. RAA’s Further Comments & Recommendations: The justifications furnished by the management are noted. However, in almost all cases, the inconsistencies between details of travel claims and CPMS data were because of incorrect claims accepted and entertained by the approving authority. The TA/DA should have been approved solely on the basis of actual days of official tour performed and actual usage of private vehicles by the officials. The justifications put forth by the claimants are not tenable as it only proves circumvention resorted to by individuals to enhance the claims beyond what was admissible. This had occurred apparently occurred due to inadequacies in controls verification and approving process. The justifications provided were reviewed and verified and the inadmissible amount has been reworked to Nu. 326,788.00 which is detailed in Appendices I & II. Of the total inadmissible amount of Nu. 326,788.00, the amount of Nu. 208,162.00 has been recovered and deposited into ARA. Thus, the management is required to recover the remaining inadmissible amount of Nu. 118,626.00 (Nu. 326,788.00- Nu. 208,162.00) and deposit into the Audit Recoveries Account (ARA) within one month from the date of issue of the Report beyond which penalty @ 24% per annum shall be levied as per Section 55 (21) of the Audit Act of Bhutan 2018. Further, the management should henceforth institute an appropriate internal control procedures and streamline the system as assured, to curb such lapses in future. Repeat of such lapses would attract disciplinary actions on officials both in positions as claimant and approver. Hence, the officials who are identified as accountable should be cautioned to uphold the values of civil service. The management must ensure that controls in approving travels and claims are strengthened and provide a proof of having initiated remedial action to RAA. Who is Accountable? Direct Accountability : Sonam Jamtsho, Sr. Planning Officer, Dagana CID No. 10602000064, EID No. 20130101143 Chojay Tenzin, Planning Officer, Bumthang CID No. 10906001947, EID No. 201105032 4|Page Lakjey, Executive Engineer, Trashigang CID No. 10710000292, EID No. 9607034 Thinley Dorji, Procurement Officer, Trashigang CID No. 11509002568, EID No. 20120500364 Sangay Tenzin, Asst. Procurement Officer, T/Yangtse CID No. 12001002443 Tenzin Phuntsho, Asst. Procurement Officer, Gasa CID No. 10601001739, EID No. 20190113559 Sangay Dendup, Accounts Asst. III CID No. 11503001017, EID No. 200807011 Tshering Pem, Accounts Asst. CID No. 11002001932, EID No. 200807248 Ugyen Dorji, Store Asst., Haa CID No. 11105000613 Jampel Choeda, Asst. Procurement Officer, Wangdue CID No. 10905001883, EID No. 200707184 Kuenzang Wangchuk, Engineer, Pemagatshel CID No. 10101004586, EID No. 20180111334 Karma Dorji, Finance Officer, Pemagatshel CID No. 11601000208, EID No. 20140504351 Hemant Gurung, Sr. Finance Officer CID No. 11214003852, EID No. 201201154 Supervisory Accountability : Tshewang Dem, Chief Budget Officer CID No. 11008000700, EID No. 200201016 Sonam Tobgay, Chief Finance Officer CID No. 11704000010, EID No. 200501096 5|Page Appendix I- Inadmissible TA due to no record of travels/vehicle pooled as per CPMS data and travel claim bills Sl. Voucher & Name & CID Date of CPMS TA claim Amt. Amount Remarks Revised Memo reply and remarks No. date Designation Travel Vehicle Station travelled Station TA paid admissible recoverable Recoverable No. from and to travelled from amt. and to ToT workshop on fiscal incentive at Thimphu from 9-10th May 2022 1 DV.5.28 Kunzang Dorji T, 11605001702 8/5/2022 and BP-1- Mongar-Thimphu- Mongar- 14,720.00 14,720.00 - dated Sr. Tax Inspector II 12/5/2022 D0988 Mongar Bumthang- 31/05/2022 Thimphu- 2 Yonten Jamtsho, 10710000456 Bumthang- 14,720.00 - 14,720.00 Travelled with Kunzang 7,360.00 Deposited into ARA Tax Inspector II Mongar Dorji T, so mileage is inadmissible 3 DV.5.29 dt. Lam dorji, Asst. 10805000104 7/5/2022 BP-1- S/Jongkhar- S/Jongkhar- 8,112.00 8,112.00 - 31/05/2022 Collector D5159 Thimphu Thimphu 4 Pema dorji, 11102001473 8,112.00 - 8,112.00 Travelled with Lam 8,112.00 Deposited into ARA Assistant Collector Dorji, so mileage is inadmissible Total Amount 22,832.00 PIM In-house Training at Thimphu from 18-26th Oct 2022 5 DV.11.17 Bhagi Rath Regmi, 11109002697 25/10/2021 BP-1- Paro-Thimphu Paro-Thimphu 864.00 - 864.00 Travelled with Phuntsho 864.00 Deposited into ARA dt. Accounts Asst. III, E4903 Tashi, so mileage is 12/11/2021 Paro inadmissible 6 Phuntsho Tashi, 10606001026 864.00 864.00 - - Planning Officer, Paro 7 Bhagi Rath Regmi, 11109002697 26/10/2021 BP-2- Thimphu-Paro Thimphu-Paro 864.00 - 864.00 Travelled with Leki 864.00 Deposited into ARA Accounts Asst. III, C1353 Jungney, so mileage is Paro inadmissible 8 Leki Jungney, 12003001474 864.00 864.00 - - Procurement Officer, Paro 9 Tshering Chezom, 10608002907 22/10/2021 BG-1- Haa-Thimphu Haa-Thimphu 1,792.00 - 1,792.00 Travelled by 1,792.00 Deposited into ARA Accounts Officer, A1975 Government Vehicle Haa 10 Nakchung, 10204001533 25/10/2021- BP-2- Haa-Thimphu-Haa Haa-Thimphu- 3,584.00 3,584.00 - - Executive Engineer, 26/10/2021 B3385 Haa Haa 11 Ugyen Dorji, Store 11105000613 3,584.00 - 3,584.00 Travelled with 3,584.00 Deposited into ARA Asst., Haa Nakchung, so mileage is inadmissible 12 Sangay Khandu, 11511000612 24/10/2021 BP-2- Chukha-Thimphu- Chukha- 2,080.00 2,080.00 - - Procurement and C0709 Chukha Thimphu- Officer, Chukha 27/10/2021 Chukha 13 Nim Dorji, Asst. 11508003129 2,080.00 - 2,080.00 Travelled with Sangay 2,080.00 Deposited into ARA Engineer II, Chukha Khandu, so mileage is inadmissible 14 Sangay Thinley, 10602000623 24/10/2021 No travel record in CPMS Punakha- 2,272.00 - 2,272.00 No travel record in 2,272.00 Deposited into ARA Accounts Officer, and Thimphu- CPMS Punakha 27/10/2021 Punakha 15 Karma Tshering, 10103001823 24/10/2021 BP-3- Tsirang-Thimphu- Tsirang- 5,536.00 5,536.00 - - Asst. Procurement and A4289 Tsirang Thimphu- Officer, Tsirang 27/10/2021 Tsirang 16 Dawa Dem, Asst. 11905001627 5,536.00 - 5,536.00 Travelled with Karma 5,536.00 Deposited into ARA Finance Officer, Tshering, so mileage is Tsirang inadmissible 17 Kintu, Chief 11107002863 24/10/2021 BP-3- Tsirang-Thimphu Tsirang- 2,768.00 2,768.00 - - Dzongkha Engineer, A2455 Thimphu Tsirang 18 Karma Wangmo, 10204000023 2,768.00 - 2,768.00 Travelled with Kintu, so 2,768.00 Deposited into ARA Planning Officer, mileage is inadmissible Tsirang 19 Bishnu Bhakta 11305001617 24/10/2021 BP-1- Dagana-Thimphu Dagana- 3,872.00 3,872.00 -Sonam Jamtso travelled - Dahal, Asst. C5527 Thimphu with Bishnu Bhakta Procurement Dahal when coming to Officer, Dagana Thimphu and went back 20 Sonam Jamtsho, Sr. 10602000064 BP-1- 3,872.00 - 3,872.00 to Dagana with Sangay 3,872.00 Not deposited Planning Officer, C5527 Dorji, so mileage claim Dagana is not admissible 21 Sonam Jamtsho, Sr. 10602000064 27/10/2021 BP-1- Thimphu-Dagana Thimphu- 3,872.00 - 3,872.00 3,872.00 Not deposited Planning Officer, E0838 Dagana Dagana 22 Sangay Dorji, Asst. 11606000955 BP-1- 3,872.00 3,872.00 - - Finance Officer, E0838 Dagana 23 Tshering Chophel, 12004000915 24/10/2021 No travel record in CPMS W/Phodrang- 2,240.00 - 2,240.00 No travel record in - Considered admissible as the mgt Dzongkhag to Thimphu- CPMS assured that he was present Engineer, 27/10/2021 W/Phodrang physically W/Phodrang 24 Dorji Jamtsho, 10715001441 24/10/2021 BP-1- Bumthang-Thimphu- Bumthang- 8,544.00 8,544.00 - Procurement and E4995 Bumthang Thimphu- Officer, Bumthang 27/10/2021 Bumthang 25 Tshering Penjor, 10805001720 8,544.00 - 8,544.00 Travelled with Dorji 8,544.00 Deposited into ARA Finance Officer, Jamtsho, so mileage is Bumthang inadmissible 26 Sonam Jamtsho, 10709002791 24/10/2021 BP-1- Bumthang-Thimphu- Bumthang- 8,544.00 8,544.00 - - Executive Engineer, and C0393 Bumthang Thimphu- Bumthang 27/10/2021 Bumthang 27 Chojay Tenzin, 10906001947 8,544.00 - 8,544.00 Travelled with Sonam 8,544.00 Not deposited Planning Officer, Jamtsho, so mileage is Bumthang inadmissible 28 Thinley Jamtsho, 12008002547 17/10/2021 BP-3- Zhemgang-Paro- Zhemgang- 4,960.00 4,960.00 - - Planning Officer, A4263 Thimphu-Zhemgang Thimphu- Zhemgang Zhemgang 29 Tshering 11506004807 4,960.00 - 4,960.00 Travelled with Sonam 4,690.00 Deposited into ARA Choden,Asst. Jamtsho, so mileage is Finance inadmissible Officer,Zhemgang 30 Lakjey, Executive 10710000292 30/10/2021 BG-4- Thimphu-Bumthang- Thimphu- 8,816.00 - 8,816.00 Travelled by 8,816.00 Not deposited Engineer, A0258 T/gang Bumthang- Government Vehicle, so Trashigang T/gang mileage is inadmissible 31 Thinley Dorji, 11509002568 8,816.00 - 8,816.00 8,816.00 Not deposited Procurement Officer, Trashigang 32 Tshering Dorji, 11302000421 24/10/2021 BP-5- Trashiyangtse- Trashiyangtse- 20,656.00 20,656.00 - - Planning Officer, to A1405 Bumthang-Thimphu Bumthang- T/Yangtse 28/10/2021 Thimphu 33 Sangay Tenzin, 12001002443 20,656.00 - 20,656.00 Travelled with Tshering 20,656.00 Not deposited Asst. Procurement Dorji, so mileage is Officer,T/Yangtse inadmissible 34 Chimi Dem, Asst. 10808001688 23- No travel record in CPMS Mongar- 2,432.00 - 2,432.00 No travel record in - Considered admissible as the mgt Procurement 24/10/2021 Tshobali CPMS assured that she travelled till road Officer, Mongar block, verified and approved accordingly 35 Karma Chophel, 10706000189 24/10/2021 BP-5- Mongar-Tshobali Mongar- 2,432.00 2,432.00 - Planning Officer, A1318 Tshobali Mongar 36 Tshering Yangdon, 10711001426 2,432.00 - 2,432.00 Travelled with Karma 2,432.00 Deposited into ARA Asst. Finance Chophel, so mileage is Officer, Mongar inadmissible 37 Wangchuk Norbu, 10604000094 23- BP-1- Lhuentse-Tshobali- Lhuentse- 4,832.00 4,832.00 - The one who is owner of Asst. Procurement 24/10/2021 E3927 Lhuentse Tshobali- the car is admissible of Officer, Lhuentse Lhuentse mileage and the other is 38 Manisha Biswa, 11313001556 4,832.00 - 4,832.00 inadmissible 4,832.00 Deposited into ARA Asst. Finance Officer, Lhuentse 39 Tashi Dendup, 10715000191 24/10/2021 BP-1- Gasa-Thimphu-Gasa Gasa-Thimphu- 4,704.00 4,704.00 - Planning Officer, and C6172 Gasa Gasa 27/10/2021 40 DV.12.20 Tenzin Phuntsho, 10601001739 4,704.00 - 4,704.00 Travelled with Tashi 4,704.00 Not deposited dt. Asst. Procurement Dendup, so mileage is 31/12/2021 Officer,Gasa inadmissible Total Amount 104,480.00 Basic and Comprehensive training to TTT members at Thimphu from 22-26th Nov 2021 41 DV. Kedar Kumar 11804000405 19/11/2021 BP-1- S/Jongkhar- S/Jongkhar- 23,392.00 23,392.00 - 12.15dt. Nepal, Joint to E9034 Bumthang-Thimphu- Mongar- 24/12/2021 Collector, 29/11/2021 Bumthang- Bumthang- S/Jongkhar S/Jongkhar Thimphu- 42 Dechen Wangdi, 11608003327 Bumthang- 23,392.00 - 23,392.00 Travelled with Kedar 23,392.00 Deposited into ARA Deputy Collector, Mongar- Kumar Nepal, so mileage S/Jongkhar S/Jongkhar is inadmissible 43 Jamphel Tshering 11101003569 20/11/2021 MEDIUM Mongar-Bumthang- Mongar- 14,720.00 - 14,720.00 Mileage is inadmissible 11,120.00 Deposited into ARA Sr. Salex Tax to _BUS Thimphu-Bumthang- Bumthang- when taking bus Inspector III, 28/11/2021 Mongar Thimphu- Mongar Bumthang- Mongar 44 Mani Tenzin, Asst. 11608000615 28/11/2021 MEDIUM Thimphu-Bumthang Thimphu- 4,272.00 - 4,272.00 Mileage is inadmissible 3,230.00 Deposited into ARA Collector, _BUS Bumthang when taking bus Bumthang Total Amount 42,384.00 Field visit to 20 dzongkhag for verification and updation of distances, stations and dholam 45 DV.8.17 Hemant Gurung, 11214003852 08-08-2021 BP-3- Thimphu-Bumthang Eastern 25,504.00 25,504.00 - Took his own car - dated Sr. FO 10-08-2021 A3618 Bumthang-Mongar dzongkhag- 30/08/2021 12-08-2021 Mongar-Trashigang Couldn't track 14-08-2021 Trashigang- as there is no 17-08-2021 Trashiyangtse-Pema detailed places Gatshel in TA claim 19-08-2021 Pema Gatshel- generated in 21-08-2021 Lhuentse-Mongar edats report 22-08-2021 Mongar-Bumthang 23-08-2021 Bumthang-Thimphu 46 Gaz Bir Limbu, 10211002461 08-08-2021 BP-3- Thimphu-Bumthang Eastern 25,504.00 - 25,504.00 Travelled with Hemant, 25,504.00 Accts. Asst. III 10-08-2021 A3618 Bumthang-Mongar dzongkhag- so mileage is 12-08-2021 Mongar-Trashigang Couldn't track inadmissible as there is no detailed places 46 Gaz Bir Limbu, 10211002461 BP-3- Eastern 25,504.00 - 25,504.00 Travelled with Hemant, 25,504.00 Accts. Asst. III A3618 dzongkhag- so mileage is Couldn't track inadmissible 14-08-2021 Trashigang- as there is no 17-08-2021 Trashiyangtse-Pema detailed places Deposited into ARA Gatshel in TA claim 19-08-2021 Pema Gatshel- generated in 21-08-2021 Lhuentse-Mongar edats report 22-08-2021 Mongar-Bumthang 23-08-2021 Bumthang-Thimphu 47 Sonam Tobgay, 11704000010 08-08-2021 BP-1- Thimphu-Trongsa Eastern 18,592.00 18,592.00 - Took his own car - Chief Accounts 10-08-2021 B7398 Trongsa-Zhemgang dzongkhag- Officer 11-08-2021 Zhemgang-Trongsa Couldn't track 12-08-2021 Trongsa-Punakha as there is no 13-08-2021 Punakha-Wangdue detailed places 15-08-2021 Wangdue-Dagana in TA claim 17-08-2021 Dagana-Tsirang generated in 19-08-2021 Tsirang-Gasa edats report 23-08-2021 Gasa-Thimphu 48 Sangay Dendup, 11503001017 08-08-2021 BP-1- Thimphu-Trongsa Eastern 18,592.00 - 18,592.00 Travelled with Sonam 18,592.00 Accounts Asst. III 10-08-2021 B7398 Trongsa-Zhemgang dzongkhag- Tobgay, so mileage is 11-08-2021 Zhemgang-Trongsa Couldn't track inadmissible 12-08-2021 Trongsa-Punakha as there is no 13-08-2021 Punakha-Wangdue detailed places Not deposited 15-08-2021 Wangdue-Dagana in TA claim 17-08-2021 Dagana-Tsirang generated in 19-08-2021 Tsirang-Gasa edats report 23-08-2021 Gasa-Thimphu 49 Sonam Dema, Asst. 11512004584 08-08-2021 BP-1- Thimphu-Trongsa Eastern 18,592.00 - 18,592.00 Travelled with Sonam 18,592.00 ICT Officer 10-08-2021 B7398 Trongsa-Zhemgang dzongkhag- Tobgay, so mileage is 11-08-2021 Zhemgang-Trongsa Couldn't track inadmissible 12-08-2021 Trongsa-Punakha as there is no 13-08-2021 Punakha-Wangdue detailed places Deposited into ARA 15-08-2021 Wangdue-Dagana in TA claim 17-08-2021 Dagana-Tsirang generated in 19-08-2021 Tsirang-Gasa edats report 23-08-2021 Gasa-Thimphu 50 Pema Ngawang, 11306002312 08-08-2021 BP-1- Thimphu-Bumthang Eastern 25,504.00 25,504.00 - Took his own car - Chief FO E6553 dzongkhag- 10-08-2021 Bumthang-Mongar Couldn't track 12-08-2021 Mongar-Trashigang as there is no 14-08-2021 Trashigang- detailed places Trashiyangtse in TA claim 17-08-2021 Trashiyangtse-Pema generated in Gatshel edats report 19-08-2021 Pema Gatshel- Lhuentse 21-08-2021 Lhuentse-Mongar 22-08-2021 Mongar-Bumthang 23-08-2021 Bumthang-Thimphu 51 Tshering Pem, 11002001932 08-08-2021 BP-1- Thimphu-Bumthang Eastern 25,504.00 - 25,504.00 Travelled with Pema 25,504.00 Accounts Asst. 10-08-2021 E6553 Bumthang-Mongar dzongkhag- Ngawang, so mileage is 12-08-2021 Mongar-Trashigang Couldn't track inadmissible 14-08-2021 Trashigang- as there is no 17-08-2021 Trashiyangtse-Pema detailed places Not deposited Gatshel in TA claim 19-08-2021 Pema Gatshel- generated in edats report Accounts Asst. E6553 dzongkhag- Ngawang, so mileage is Couldn't track inadmissible as there is no detailed places Not deposited in TA claim generated in 21-08-2021 Lhuentse-Mongar edats report 22-08-2021 Mongar-Bumthang 23-08-2021 Bumthang-Thimphu 52 Tshering Dolkar, 10309000255 08-08-2021 BP-1- Thimphu-Bumthang Eastern 25,504.00 - 25,504.00 Travelled with Pema 25,504.00 Accounts Officer 10-08-2021 E6553 Bumthang-Mongar dzongkhag- Ngawang, so mileage is 12-08-2021 Mongar-Trashigang Couldn't track inadmissible 14-08-2021 Trashigang- as there is no 17-08-2021 Trashiyangtse-Pema detailed places Deposited into ARA Gatshel in TA claim 19-08-2021 Pema Gatshel- generated in 21-08-2021 Lhuentse-Mongar edats report 22-08-2021 Mongar-Bumthang 23-08-2021 Bumthang-Thimphu 53 DV.8.19 Chimi Wangmo, 10104001052 08-08-2021 BP-1- Thimphu-Trongsa Eastern 18,592.00 - 18,592.00 Travelled with Sonam 18,590.00 dated Dy. CFO 10-08-2021 B7398 Trongsa-Zhemgang dzongkhag- Tobgay, so mileage is 31/08/2021 11-08-2021 Zhemgang-Trongsa Couldn't track inadmissible 12-08-2021 Trongsa-Punakha as there is no 13-08-2021 Punakha-Wangdue detailed places Deposited into ARA 15-08-2021 Wangdue-Dagana in TA claim 17-08-2021 Dagana-Tsirang generated in 19-08-2021 Tsirang-Gasa edats report 23-08-2021 Gasa-Thimphu Total Amount 132,288.00 Revised Grand Total of 285,038.00 TA recoverable Grand Total of TA recoverable 301,984.00 Revised TA 285,038.00 Revised DA 41,750.00 Total revised 326,788.00 Recoverable Not deposited TA 103,376.00 Not deposited DA 15,250.00 Amount recovered 208,162.00 Appendix II- Inadmissible DA due to no record of travels/mismatch of no. of days as per CPMS data and travel claim bills Name & Designation TA/DA claim Revised Sl. Voucher & DA DA CID Station Remarks Recoverable Memo reply No. date DA paid admissible Recoverable travelled amt. ToT workshop on fiscal incentive at Thimphu from 9-10th May 2022 Kunzang Dorji T, Sr. Tax Deposited into ARA 1 11605001702 9,000.00 6,000.00 3,000.00 Inspector, Mongar 1,500.00 Yonten Jamtsho, Tax Deposited into ARA 2 10710000456 Mongar- 7,500.00 5,000.00 2,500.00 Inspector II, Mongar Travelled within one day 1,250.00 Bumthang- Kinzang Choden, Asst. from Mongar to Deposited into ARA 3 11107003116 Thimphu- 9,000.00 6,000.00 3,000.00 DV.5.28 dt. Collector (Tax), Mongar Thimphu(vice-versa) but 1,500.00 Bumthang- 31/05/2022 Chimi Sithup, Asst. claimed for two days Deposited into ARA 4 10705003746 Mongar 9,000.00 6,000.00 3,000.00 Customs Officer, Mongar 1,500.00 Tshering Pem, Asst. Tax Deposited into ARA 5 11902001337 9,000.00 6,000.00 3,000.00 Officer, Mongar 1,500.00 Pling- Deposited into ARA Palden Zangmo, Asst. 6 10102002792 Thimphu- 6,000.00 4,500.00 1,500.00 Last day not admissible Collector, Pling 1,500.00 Pling Total Amount 16,000.00 PIM Inhouse Training at Thimphu from 18-26th Oct 2022 Bhagi Rath Regmi, Paro-Thimphu- Deposited into ARA 7 11109002697 3,750.00 3,000.00 750.00 Last day not admissible 750.00 Accounts Asst. III, Paro Paro Phuntsho Tashi, Planning Paro-Thimphu- Deposited into ARA 8 10606001026 3,750.00 3,000.00 750.00 Last day not admissible 750.00 Officer, Paro Paro Leki Jungney, Deposited into ARA Paro-Thimphu- 9 Procurement Officer, Paro 12003001474 3,750.00 3,000.00 750.00 Last day not admissible 750.00 Paro Chane zangmo, Chief Deposited into ARA Paro-Thimphu- 10 Dzongkhag Engineer, 11411002472 3,750.00 3,000.00 750.00 Last day not admissible 750.00 Paro Paro Cheda Jamtsho, Planning Haa-Thimphu- Deposited into ARA 11 11515000471 6,000.00 4,500.00 1,500.00 First Day not admissible 1,500.00 Officer, Haa Haa Nakchung, Executive Haa-Thimphu- First and Last day not Deposited into ARA 12 10204001533 6,000.00 3,000.00 3,000.00 3,000.00 Engineer, Haa Haa admissible Ugyen Dorji, Store Asst., Haa-Thimphu- First and Last day not 13 11105000613 5,000.00 2,500.00 2,500.00 2,500.00 Not deposited Haa Haa admissible Cheney Dorji, Asst. Punakha- 14 Procurement Officer II, 11514003648 Thimph- 5,250.00 3,750.00 1,500.00 First Day not admissible 1,500.00 Deposited into ARA DV.11.17 dt. Punakha Punakha 12/11/2021 Sangay Thinley, Accounts No travel record in CPMS Punakha- Considered admissible as the Officer, Punakha from Punakha to Thimphu 15 10602000623 Thimphu- 5,250.00 - 5,250.00 - mgt assured that he was but signed in attendance Punakha present physically sheet of PIM training Tshering Chophel, No travel record in CPMS Wangdue- Considered admissible as the Dzongkhag Engineer, from Wangdue to Thimphu 16 12004000915 Thimphu- 5,250.00 - 5,250.00 - mgt assured that he was W/Phodrang but signed in attendance Wangdue present physically sheet of PIM training Chimi Dem, Asst. No travel record in Considered admissible as the Procurement Officer, Mongar- CPMS(As per note, they mgt. assured that she travelled 17 10808001688 1,500.00 - 1,500.00 - Mongar Tshobali went back to their station till road block, verified and due to road block) approved accordingly Jampel Choeda, Asst. Wangdue- First and Last day not 18 Procurement Officer, 10905001883 Thimphu- 5,250.00 3,000.00 2,250.00 2,250.00 Not deposited admissible Wangdue Wangdue Kuenzang Wangchuk, Pemagatshel- Travelled within two days 19 10101004586 12,000.00 9,000.00 3,000.00 3,000.00 Not deposited Engineer, Pemagatshel Mongar- from Pemagatshel to Karma Dorji, Finance Bumthang- Thimphu(vice-versa) but 20 11601000208 12,000.00 9,000.00 3,000.00 3,000.00 Not deposited Officer, Pemagatshel Thimphu- claimed for three days. Total Amount 31,750.00 Field visit to 20 dzongkhag for verification and updation of distances, stations and dholam 21 Hemant Gurung, Sr. FO 11214003852 25,500.00 24,000.00 1,500.00 1,500.00 Not deposited Gaz Bir Limbu, Accts. 22 10211002461 25,500.00 24,000.00 1,500.00 Deposited into ARA Asst. III 1,500.00 Sonam Tobgay, Chief 23 11704000010 25,500.00 24,000.00 1,500.00 Deposited into ARA Accounts Officer 1,500.00 Eastern Sangay Dendup, 24 11503001017 dzongkhag- 25,500.00 24,000.00 1,500.00 Not deposited Accounts Asst. III 1,500.00 DV.8.17 dt. Couldn't track Sonam Dema, Asst. ICT 25 30/08/2021 11512004584 as there is no 21,250.00 20,000.00 1,250.00 Reached back to Thimphu Deposited into ARA Officer 1,250.00 detailed places on 23/08/2021 Pema Ngawang, Chief 26 11306002312 in TA claim 25,500.00 24,000.00 1,500.00 Deposited into ARA FO 1,500.00 generated in Tshering Pem, Accounts 27 11002001932 edats report 25,500.00 24,000.00 1,500.00 Not deposited Asst. 1,500.00 Tshering Dolkar, 28 10309000255 25,500.00 24,000.00 1,500.00 Deposited into ARA Accounts Officer 1,500.00 DV.8.19 dt. Chimi Wangmo, Dy. 29 10104001052 25,500.00 24,000.00 1,500.00 Deposited into ARA 31/08/2021 CFO 1,500.00 Total Amount 13,250.00 Revised Grand Total of 41,750.00 Grand Total of DA recoverable 61,000.00 DA recoverable FINANCIAL STATEMENTS PROFILE Project Title: Strengthening Public Financial Management (PFM) Project Duration: 21.07.2017-30.11.2022. Project Funding: USD 4.000 million Funding Agency: World Bank funded Project-Multi-Donor Fund Grant Implementing Agency: Department of Treasury and Accounts, Ministry of Finance. The Project components with its sub-component and their costing are as indicated below: PFM-MDF FINANCED “STRENGTHENING PFM PROJECT” Project % of Project Components/Sub-Components cost Total 1 Strengthening PFM Legal and Institutional Framework 1.150 28.75% Setting the legal and operational environment and developing a roadmap i 0.800 20.0% for the GST Introduction Improving Budget documentation and classification through enhanced ii 0.200 5.0% focus on gender and climate change iii Public Investment Management 0.150 3.75% 2 Strengthening Budget Execution and Oversight Capacities 2.850 71.25% 2a Strengthening Public Procurement Systems including automation 0.400 10.0% i Design and Implementation of Electronic Government Procurement 0.250 6.25% ii Procurement policy review and capacity development 0.150 3.75% 2b Improving Accounting and Reporting Systems 1.325 33.13% Strengthening PFM processes and information systems and their i 0.950 23.75% integration for moving towards IFMIS ii Implementing IPSAS 0.375 9.38% 2c Strengthening Internal Controls and Accountability Institutions 0.725 18.13% i Enhancing Internal Audit Effectiveness 0.350 8.75% Supporting AASBB on Implementation of Accounting and Auditing ii 0.225 5.6% Standards and Establishment of Professional Accountancy Organization iii Capacity Building of Parliamentary Committees 0.150 3.75% 2d Capacity Development in PFM 0.400 10% Total Project Costs 4.000 100.0% Total expenditure for the financial year ended 30th June, 2022: Nu. 51,286,108.05 Project Management 1. Project Director: Tshering Dorji 2. Project Manager: Dechen Choden 3. Chief Finance Officer: Tenzin Jamtsho 4. Accountant: Sonam Lhamo Budget Vs Expenditure (Abstract) Financial Approved Budget (Nu.) Expenditure (Nu.) Balance (Nu.) Year Capital Capital Capital 2021-22 111,073,000 51,286,108.05 59,786,891.95 Royal Audit Authority P.O. Box: 191 | Kawangjangsa | Thimphu | Bhutan Tel: +975-2-322111 Website: www.bhutanaudit.gov.bt | Email: info@bhutanaudit.gov.bt