Auditor's Report THE CERTIFICATE AND REPORT OF THE COMPTROLLER AND AUDITOR GENERAL 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 Public Financial Managenent Program to Enable Service Delivery" (SPFMS), financed by IDA Credit No. 6368-BD for the year ended on June 30, 2021. 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 accounting principles used and significant estimates made by management, as well as, evaluating the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion on the Financial Statements for the year 2020-2021. V. Opinion on financial statements In our opinion, the financial statements give a true and fair view of the the financial position of "Strengthening Public Financial Management Program to Enable Service Delivery" (SPFMS) as at the end of the 30 June 2021. The financial statements of the SPFMS program have been properly prepared in accordance with applicable financial reporting framework prescribed by the Comptroller and Auditor General of Bangladesh subject to the audit observations raised in the management letter for the period. 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. 3vo (Md. Kanrul Alam) Director General Civil Audit Directorate Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) Project Financial Statement 30"' June, 2021 (Figure in Taka) Cumulative Prior Cumulative Resources Notes Period Current Period Current Period (Up (2019-20) (2020-2021) to June, 21) 1 2 3 4 (3+4) Government of Bangladesh 1 402927890 3762990500 4165918390 Loan from Development Partner 2 418560000 950345000 1368905000 Other resources 3 - - - Cash opening balance 4 - - Total Resources 821487890 4713335500 5534823390 C IDA G Total Cumulative Not Cuuaie Current ([DA+GoB) Current Expenditure and CashNo Prior Period CurrentCurn ([AGB Cret es tPeriod (2020-2021) Period (Up to Expndiure Cas Pror0erid-2ri) Period (2020-2021 June, 21) 1 2 3 4 5 6(4+5) 7(3+6) 01. Wages and salaries (3111) 00 00 45707985.21 45707985.21 02. Administrative expenses 00 00 79800 79800 (3211) 03. Travel and Transfer (3244) 00 00 2842910 2842910 04, Repairs ahd maintenance 00 00 14018762.76 14018762.76 (3258) 05. Basic Pay (Officer) (3111101) 135595090 00 00 00 06, Basic Pay (Employee) 52824630 00 00 00 (3 11120 1) 07. Conveyance allowance 892650 00 00 00 (3111302) 08. Education Allowance 2227820 00 00 00 (3111306) 09. Housing rent allowance 64915220 00 00 00 ((3111310) 10. Medical Allowance (3111311) 9119610 00 00 00 11. Mobile/cellphone allowance 849550 00 00 00 (3111312) 12. Residential telephone 2072340 00 00 00 encashment allowance (3111313) 13. Tiffin allowance (3111314) 607330 00 00 00 14, Washing allowance (3111316) 100920 00 00 00 15. Festival allowance (3111325) 27996610 00 00 00 16. Honorarium Allowance 20494690 00 00 00 (3111332) 17. Bangla new year allowance 2744300 00 00 00 (3111335) 18. Honorarium Allowance 11248755 14744000 00 14744000 (3111332) 19. Cleaning and washing items 00 47993 00 47993 (3211102) 20. Entertainment expenses 507326 1418673 00 1418673 (3211106) 21. Transport hiring (3211107) 5095927 11622419 00 11622419 22, Seminar/Conference Expenses 157155 3862635 00 3862635 (3211111) 23. Electricity (3211113) 00 951112 00 951112 24, Water(3211115) 00 215196 00 215196 @rmaujapad - Cumulative IDA GoB Total C uitive Not Current uret (IDA+GoB) Current Expenditure and Cash No Prior Period CurrentCurn (IAGB Cret es Period (2020-2021) Period (Up to .(2019-20) Period (2020-2021 P June, 21) 25. Courier (3211116) 00 5300 00 5300 26. Internet/ Fax/Telex (3211117) 4600 00 00 00 27. Telephone (3211120) 4000 695142 00 695142 28. Advertising Expenses 1136413 1724000 00 1724000 (3211 25) 29. Audio-Video/Fim Production 00 480000 00 480000 (3211126) 30. Books & Periodicals (3211127) 31191 42431 00 42431 31. Publications (3211128) 25000 18000 00 18000 32. Rent of office building renta 00 10412649 00 10412649 (3211129) 33. Conveyance expenditure 00 39155 00 39155 (3211130) 34, Outsourcing (3211131) 3727551 10865506 00 10865506 35. Labor (irregular) wages 2000 97000 00 97000 (3211134) 36. Training (3231301) 28287172 65824166 00 65824166 37. Petrol, oil and Lubricants 00 3900 00 3900 (3243101). 38. Travel Expense (3244101) 00 87038 00 87038 39. Computer consumables 96926 766999 00 766999 (3255101) 40. Printing and binding (3255102) 00 572179 00 572179 41. Stamps and seals (3255104) 7548 00 00 00 42. Other stationery (3255105) 392723 1254425 00 1254425 43. Consultancy (3257101) 78367783 228264292 00 228264292 44. Honorarium (3257206) 2258565 3330558 00 3330558 45. Furniture (3258102) 00 7350 00 7350 46. Office equipment (3258104) 00 101698 00 101698 47. Non-residential Building 00 37838 00 37838 (3258107) Z 03880 73 48. Interior Decoration (3258141) 6292415 42928000 00 42928000 49. Sanitation & water supply 127841 91618 00 91618 (3258115) 50. Computers and accessories 16361014 12234508 00 12234508 (4112202) 51, Telecommunications 813929 2666700 00 2666700 Equipment (4112204) - 52. Office equipment (4112310) 564260 29058621 00 29058621 53. Furniture (4112314) 564260 4118628 00 4118628 54. Computer Software (4113301) 00 3155908 00 3155908 55. Website Development 00 995000 00 995000 (4113303) Total Expenditure _ 452740637 62649457.97 515390094.97 Cash Closing Balance Imprest Account Operating Account (RPA) Operating Account (GOB) TotalExpenditure and Cash The accompanying notes are an integral part of this financial statement @manapad ,- -2- Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) NOTES TO FINANCIAL STATEMENT 30' June, 2021 L. 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 3011 For the year Inception to 30111 June 2020 2020-2021 June 2021 Disbursement by GOB 402927890 3762990500 4165918390 Less: Refund to GOB - - - Total: 402927890 3762990500 4165918390 2. LOAN/GRANT FROM DEVELOPMENT PARTNER: Inception to 301" For the year Inception to 30"' June June 2020 2020-2021 2021 Initial Deposit (Advance) - - - DPA ( Direct Payment) 418560000 950345000 1368905000 BDT (For All Scheme) RPA (SOE Procedure) - - - RPA (Non SOE Procedure) . - Others - - - 1368905000 B3DT Total 418560000 950345000 (For ASe (Fo.r A 1l Schieme) 3. OTHER RESOURCES: Other resources consist of the following: Inception to 30111 For the year Inception to 30111 June June 2020 2020-2021 2021 Project Revenues - Exchange gains/ losses Total 4. CASH: Inception to 30111 For the year Inception to 30"' June June 2020 2020-2021 2021 Imprest Account - - Operating Account (RPA) - - Operating Account (GOB) Total --t -' cr4P & PTT & manjpad 3 Strengthening Public Financial Management Program to Enable Service Delivery (SPFMS) NOTES TO Unspent Fund STATEMENT 30111 June, 2021 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) = 32220789.34 BDT TK (1673729749.77 + 1052646880.06) = 2726376629.83 for all Scheme of SPFM Program. Which BDT TK 452740637.00 incurred during this financial year. Unutilized 2726376629.83 - (161172944.00 + 452740637.00) = 2112463048.83 will automatically added with next IDA Disbursement amount and next year budget amount will be allocated from rest of IDA Fund accordingly. IDA I' Total IDA Expenses tip Expenses up Total Expenses IDA Disbursement Disbursement to to up to Unspent up to Advance up to up to 30th June 30111 June 301 June 30"' June 2021 30"' June 2021 30thJune2020 2021 2020 2021 1 2 3 4 (2+3) 5 6 7(5+ 6(4-7) USD $ 19807500.66 $ 12413288.68 $ 32220789.34 $ 1907376,67 $ 5338922.60 $ 7246299.27 $ 24974489.41 * 1673729749.77 * 1052646880.06 2726376629.83 161172944.00 452740637.00 613913581.00 2112463048.83 BDT (For All Scheme) (For All (For All (For All (For All (For All (For All Scheme) Scheme) Scheme) Scheme) Scheme) Scheme) * USD Rate: 84.50 ** USD Rate: 84.80 annan,apad - 4 -