Auditor's Report Audit Completion Date: 27-10-2019 Secretary Environment & Forest Ministry of Environment & Forest Bangladesh Secretariat, Dhaka. I. We have audited the accompanying Financial Statement of the "Clean Air & Sustainable Environment (CASE) Project" DCC Component, as on 30th June, 2019 and for the year then ended. According to ISSAI 1570 the preparation of Financial Statement is the responsibility of the management. Our responsibility is to express an opinion on the Financial Statement based on our audit. II. We conducted our audit following International Standards of Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Financial Statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the Financial Statement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion. III. In our opinion the Financial Statement gives a fair view in all material aspects of the financial position of "Clean Air & Sustainable Environment (CASE) Project" DCC Component, as at 30st June, 2019 and the results of its operations and cash flows for the year then ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. IV Opinion Status: Unqualified. (Md. Tafazzal Hossain) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-9331027 11 Financial Statement & Notes 12 Appendix-5.D Proj ect Financial Statement As on 30 June 2019 Taka in lac Resources Notes Cumulative Current Cumulative Prior Period Current Period Period Government of Bangladesh 1 627.36 76.95 704.31 Loan fron Development Partner IDA Cr. No. 4581-BD 2 30,243.98 - 30,243.98 Loan from Development Partner IDA Cr. No. 5924-BD 4,666.87 7,356.17 12,023.04 Others Resources 3 51.58 12.76 64.34 Opening Cash Balance 4 - 21897.50 - TOTAL RESOURCES 35,589.79 10,343.38 43,035.67 EXPENDITURE AND CASH 5 Officer's Salary 32.66 5.28 37.94 S. Staff Salary 110.93 16.71 127.64 Allowances 146.36 50.54 196.90 Operating Cost 2,945.52 793.97 3,739.49 Procurement of goods 2,647.74 881.30 3,529.04 Civil works 26,436.00 7,912.87 34,348.87 CD VAT 348.93 46.19 395.12 Total Expenditure 32,668.14 9,706.86 42,375.00 Deposited sale proceeds 14.27 _ 14.27 Bank Interest 9.87 17.25 27.12 Total 32,692.28 9,724.11 42,416.39 Closing Cash Balances Imprest Account Operating Account (RPA)IDA Cr. No. 4581 1,741.66 365.68 365.68 Operating Account (RPA)IDA Cr. No. 5924 - 102.40 102.40 Account Current No. 2895 176.07 129.88 129.88 GOB A/C - 21.30 21.30 Total Expenditure and Cash M589.79 10,343.38 43,035.67 (Kh. Nazir Ahamed) (Md. Mofizur Rahif1 ) (Moham Sirajul Islam) FMS Executive Engine r Project Director CASE Project CASE Project CASE Project Appendix-5.D Clean Air and Sustainabkc Environment (CASE) Project D & )N M C- Component Nagar Bhaban (L,evel- 10), Fulharia, Dhaka-1000. Notes to financial statements As on 30 June 2019 I i..i .tment of Banglnd esh Fund are allocated by the government of Bangladesh to cover GOB's share of elegible project expenditures, as specified in the project proforma and in annual Development Programme. GOB contribution to the project since inception are as follow ( In Lac Taka) Particulars Inception to for the year Inception to 30 30 June 2018 2018-19 June 2019 Disbursements by GOB 627.36 80.00 707.36 Less: Refunds to GOB , - 3.05 3.05 Total 627.36 76.95 704.31 2. Loan from Development Partner: The International Development Association(IDA) has provided funds to the project to cover it's share of eligible project expenditures. These funds, which must be repaid to International Development Association (IDA) after the concusion of the prcject.Donner fund have been drawn by the project in accordance with the following withdrawal procedures ( In Particulars Inception to for the year Inception to 30 30 June 2018 2018-19 June 2019 Initial Deposit ( Advance)1DA Cr. 4581 2058.75 - 2,058.75 RPA (IDA Cr. No. 4581) 28,185.23 - 28,185.23 Sub-Total (IDA Cr. No. 4581) 30,243.98 - 30,243.98 Initial Deposit ( Advance)IDA Cr. 5924 2,500.00 - 2,500.00 RPA (IDA Cr. No. 5924) 2,166.87 7,356.17 9,523.04 Sub-Total (IDA Cr. No. 5924) 4,666.87 7,356.17 12,023.04 Total 34,910.85 7,356.17 42,267.02 3. Other resources Other resources consist of the following Particulars Inception to for the year Inception to 30 30 June 2018 2018-19 June 2019 Project Revenue/sale proceeds/Interest 51.58 12.76 64.34 Exchange gain/losses - . Total 51.58 12.76 64.34 4. Cash The project maintains one bank account, an imprest bank account, or revolving fund, which is kept at sonali Bank Nagor Bhaban branch, Dhaka and branch to hold funds advanced by NIB- Bank Interest already deposited into Bangladesh Bank through treasury challan. Year end cash balances were as follows (In lac Taka) Particulars Inception to for the year Inception to 30 30 June 2018 2018-19 June 2019 Imprest Account Operating Account (RPA)IDA Cr. 4581 1,378.81 365.68 365.68 Operating Account (RPA)IDA Cr. 5924 1,339.54 102.40- 102.40 Account Current No. 2895 176.07 129.88 129.88 GOB A/C 3.08 21.30 21.30 Total 2,897.50 619.26 619.26 (Kh. Nazir Ahamed) (Md. Mofizur Rahtnan i (Mohammad Sirajul Islam) FMS Executive Engineer Project Director CASE Project CASE Project CASE Project Audit Opinion on Special Account We have audited the accompanying Statements of CONTASA account of the "Clean Air & Sustainable Environment (CASE) Project" DCC Component, Financed by IDA Credit No: 5924-BD, for the fiscal year 2018-19. The preparation of Special Account Statement is the responsibility of management. Our responsibility is to express an opinion on the Special Account Statement based on our audit. Our audit was carried out in accordance with International Standards on Auditing. Accordingly, our audit included such review of the tests of the accounting records and supporting documentation, verification of account balances and reconciliation that we have considered necessary under the circumstances. The accompanying Special Account Statements were prepared on the basis of initial deposits and withdrawals for the purpose of complying with above credit agreement. However, the Special Account was maintained for "Clean Air and Sustainable Environment Project (DCC Component)" under credit no. 5924-BD. In our opinion the receipts were properly accounted for and withdrawals were made for the purpose of the project in accordance with the credit agreement and the above special account statement gives a true and fair view of the beginning and ending balance and the account activity for the year ended 30 June, 2019 on the basis of cash deposits and withdrawals. (Tafazzal Hossain) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 8391547 15 Audit Opinion on SE We have audited the accompanying Statement of Expenditure (SOE) of the "Clean Air & Sustainable Environment (CASE) Project DCC Component " Financed by IDA under Credit No.: -5924BD, for the year 2018-19. The claims on the basis of SOEs are the responsibility of management. Our responsibility is to express an opinion on the SOEs based on our audit. The audit was conducted following International Standard on auditing which includes tests of accounting records and supporting documentations. In our opinion, Statement of Expenditure (SOE) can be relied upon, support the application for grant by IDA for the expenditure incurred for the purpose of the project as specified in the particulars of withdrawal application. Opinion Status: Unqualified. (Tafazzal Hossain) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 8391547 16