Audlitor's Re-port Secretary, Ministry of water Resouces Bangladesh Secretariat, Dhaka I. We have audited the accompanying Financial Statement of the "Climate Smart Agricultural Water Management Project (CSAWMP)" financed by GOB & IDA credit as of 30th June, 2018 and for the year then ended. According to ISSAI 1570 the preparation of the Financial Statement is the responsibility of management. Our responsibility is to express and opinion on the Financial Statement based on our audit. IL We conducted our audit following in accordance with International Standards on Auditing. Those standards require that we plan & perform audit to obtain reasonable assurance about whether the Financial Statement is free from material misstatement. 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 & significant estimates made by management, as well as, evaluation the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion. IIL Project management is responsible to provide necessary document and appropriate spot reply on the observation raised by the auditors. But during field audit, project management did not furnish any satisfactory reply to resolve the issue. It indicates the weakness of internal control and lack of accountability regarding fund management system. IV, As such in our opinion, except for the matter descrived above as the basis for the qualified opinion, the financial statement present a fair view of financial position, for the year 2017-18 in accordance with the cash basis of accounting followed by the Government of Bangladesh. IV. Opinion Status: Qualified. (Olima Khatun) Deputy Director For Director General Foreign Aided Project Audit Directorate Tel: 9361788 Climate Smart Agricultural Water Management Project (CSAWMP) Project Financial Statement 30th June, 2018 (Figure In lac Taka) Resources Notes Cumulative Prior Current period Cumulative Current Period Resources Notes per e iod __________ Government of Bangladesh 1 39.75 39.75 Loan from Development Partner 2 355.00 355,00 Opening Balance 3 3 Total Resources 394.75 Expenditure and Cash5 Out Sourcing 51.92 51.92 House Rent 39.41 39.41 Training Expenses 46.58 46.58 Consultancy Services 98.66 98.66 Gas and Fuel 2.93 2.93 Petrol adLubricants 5 Survey 4.69 4.69 DAEs Project Preparation Expenditure 9.98 9 Stati(>nery 3.09 3.09 -Printing and Buinding 0.17 0.17 Computer Consumables 3.77 3.77 Repair and Maintenance of Vehicles 4.64 4.64 Repair Maintenance of Computer 3.71 3.71 Honorarium/Fee/Remuneration 1.57 1.57 Others Supplies and Services 17,99 17.99 Total Expenditure 295.09 295.09 Closing GoB Balance in Dhaka RAC Account 14.44 14.44 Closing RPA Balance in PD Account 4 55.00 55.00 Closing RPA Balance in Dhaka RAC Account 30.22 30.22 Total Closing GoB and RPA Balance 99.66 99.66 'To,,! Ano C!qFn,, R Iqnvp 1 1_ I 394.75 I394.75 Note: 1. Closing RPA balance BDT 85,22 lac (55.00+30.22) has been refunded to the World Bank Account in Bangladesh Bank (Copy Attached) 2. Closing GoB balance has been deposited to the government account through treasury chalan (Copy Attached). (Amanullah) Project Director Amanullah Project Director GSAWMP-PCU ol5Wo QhK-R;~ 0- J ~ Cl 16 Climate Smart Agricultural Water Management Project (CSAWMP) Notes to Financial Statement 30th June 2018 Fu , s are allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditures as specified in the Oict proforma and in the Annual Development Programme for each of the project. Any allocated funds that have not been expended by the end of fiscal year lapse and must be returned to GOB. GOB contribution to the project since inception are as follows: (Fig. in Lakh Taka) Inception to 30th June, For the year 2017- 2018 Inception to 30th June, 2017 2018 Disbursement by GoB 39.75 39.75 Total 39.75 39.75 2. LOAN'FROM DEVELOPMENT-PARTNER These funds, which must be repaid to IDA after the conclusion of the project have been drawn by the project in accordance with the following withdrawal procedures: Inception to 30th June, For the year 2017- 2018 Inception to 30th June, 2017 2018 eposit (Advance 35500 355.00 DPA (Direct Payment) RPA (SOE Procedure) RPA (Non SOE Procedure) Total 0.00 355.00 35.00 3. OTHERS RESOURCES Other Resources consist of the following: ______________________ _________________ ________________(Fig. in Lakh Taka) Inception to 30th June For the year 2017- 2018 Inception to 30th June, 201 2018 Project Revenues Exchange gainslosses Total 4. CASH The project maintains one CONTASA Bank Account to hold funds received from Donors then advanced to concerned RPA Account of Dhaka RAC Office. Released GoB fund transferred to the GoB Bank Account of Dhaka RAC. (Fig. in Lakh Taka) Inception to 30th June, For the year 2017- 2018 Incetion to 30th June, ________________2017 ______________ 1. GoB Bank Account with RAC 2017 20.I 2. Operating Account (RPA) 30.22 30.22 3. Special Account (CONTASA) 55.00 55.00 STotal 09.699.66 Note: 1. Closing RPA balance BDT 85.22 lac (30.22+55,00) has been refunded to the World Bank Account in Bangladesh Bank (Copy Attached). 2. Closing GoB balance BDT 14.44 lac has been deposited to the government account through treasury chalan. (Copy attached). (Amanullah) Project Director Amanultah PTject Director CSAWMP-POU lwoo PhM G' '