AUDITOR'S REPORT Audit Completion (late: 08-12-2019. Secretary Ministry of Information & Communication 'echnology Bangladesh Computer Council (BCC) Agargaon, Dhaka. 1. We have audited the accompanying Financial Statement of the "Leveraging Information and Connunications Technologies (ICT) for Growth, Employment & Governance Project" financed by IDA under Credit No. 5025-BD & 5911-BD as at 30"' June, 2019 and for the year then ended, According to ISSAI 1570 the preparation of Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the financial statement based on our audit. II. We have conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the FS are free from material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the FS. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall FS presentation. We believe that our audit provides a reasonable basis for our opinion. II. In our opinion, except non-compliance of financial rules and regulations in subsequent observations included in this report, the Financial Statement gives a fair view, in all material aspects of the financial position of "Leveraging Information and Communications Technologies (ICT) for Growth, Enployment & Governance Project" as on 30"' 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. Nurul Islam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Tel: 88-02-9362478. LICT-Final-2018-2019 5 Leveraging ICT for Employment and Growth of the IT-ITES Industry project IDA(RPA) Credit Number 5025 & 5911 Project Financial Statement 30 June 2019 Figure in lac GOB Comulative Current Cumulative Particular Economic Notes Current Prior Pen1od Period code_ _ Period Government of Bangladesh 1 699.63 510,25 1,209.88 Loan from Development Partner 2 44,642.51 29,850.52 74,493.03 Other resourses 3 14,89 0.34 15.23 Cash in Bank opening balance 5 - 1,631.02 Unspend GoB Balance for the year 2017-18 refunded -85.81 -85.81 Total resourses 45,357.03 31,906.32 75,632.33 Expenditure and Cash: Pay of officers 4500 36.3 8.93 45.23 Pay of Establishment 4600 0.54 - 0.54 Allowances of officers & staff 4700 30 9,65 39.65 Supplies & services 4800 24,323.47 14,205.00 38,528.47 Repair & Maintenance 4900 25.34 4.17 29.51 Grants for Traning 5922 1,472.79 2,427.71 3,900.50 Assets 6800 16,598.48 12,305.05 28,903.53 CD/VAT 7901 1,239.09 718.81 1,957.90 total Expenditure 43,726.01 29,679.32 73,405.33 Cash and Bank closing balance 5 1,631.02 2,227.00 2,227.00 Total Expenditure and cash 45,357.03 31,906.32 75,632.33 \IIV lifliKarifil3 \$~S'~. Md ~RY, ct (rn .) i Epanin& cw0 Leveraging ICT for Employment and Growth of the IT-ITES Industry project IDA(RPA) Credit Number 5025-BD & 5911-BD Project Financial Statement 30 June 2019 (BOT in lac) 1 GOVERNMENTOF BANGLADESH Funds are allocated by the Government of Bangladesh (GO8)'s share of eligible project expenditure, as specified in the Project Proforma and in the Annual Development Program. Contribution to the project by the GOB is as under. Inception to 30th june 2018 For the year 2018-19 Cumulative Current period Disbursement by GoB 699,63 510.25 1,209.88 Total BDT 699.63 510.25 1,209.88 2 LOAN FROM DEVELOPMENT PRTNER (lDA Credit No 5025-BD & 5911-OO The World Bank/IDA has agreed to provide funds to the project to cover its share of eligible project expenditure in accordance with the Financing Agreement dated November 26, 2012 Cumulative Current period Cumulative Current period Current period Initial Deposit (Advance) 20,880.05 29,850.52 50,730.57 DPA ( Direct Payment) RPA (SOE Procedure) RPA (Non SOE Procedure) 23,762 iqfa 23,762 qfA Others Total BDT 44,642,51 29,850.52 74,493.03 3 OTHER RESDURCES Cumulative Current period Current period Cumulative Current period Temporary Loan from Bangladesh Computer Council (BCC)- Subsequently Refunded Schedule & Tender Forms sale 2.13 0.34 2.74 Security Deposit/ Adjustment 12.45 12.45 Total 14.58 0.34 14.92 4 4 INTEREST ON RPA Bank Account Cumulative Current period Current period Cumulative Current period Gross interest credit by Janata Bank, UGC Branch, Dhaka on RPA (STD) Account Tax at source debited by the Bank Earned Interest deposited to 88 Total 5 CASH and BANK Balance The details of cash and bank balance are as under: Cumulative Current period Current period Cumulative Current period Cash in hand 1.16 Advance to Bangladesh Computer Council Refund by Bangladesh Computer Council Operating Account RPA (Janata Bank Account No 0737) 7.11 634.09 634.09 Operating Account RPA (Janata Bank Account No 101) 1,534.82 1,404.72 1,40472 Operating Account GOB (Janata Bank 5838) 89.06 188.19 188.19 Total 1,631.02 2,227 2,227 Md. Rezaul Karim Joint Secretary & project Ooctor Leerainlg lGT Fot GrovAi Emtpoyent & governtceoc Bangl.de%hC0omPute^c"n'" Auditor's Report on Special Account (CONTASA) 01. We have audited the special Account Statements of "Leveraging Information and Communications Technologies (ICT) for G,owth, Enployment & Governance Project" financed by IDA under Credit No. 5025-BD & 5911-BD, for the year ended 30"' June 2019. 02. Our audit was carried out following International Auditng Guidelines. Accorrdingly our audit our audit included such review of system of internal control, tests of accounting records and supporting documentation, verification of acccouting balances and other auditing procedures that we considererd necessary under the circumstamstances. 03. The accompanying Special account Statement was prepared on the basis of cash deposits and withdrals for the purpose of complying with the above Credit agreenment. 04. In our opinon, Initial advance made by IDA properly accounted for and withdrawals were made for the purpose of the peoject in accordance with the Credit Agreemnt. (Md. Nurul Islam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Tel: 88-02-9362478. LICT-Final-2018-2019 8 _ ..,:.,-� . -„Т - -_-__-_ �.�___. ,-.�� .__._.,., л.-_�.._ _.._._.�, .___._..,. �._.-,. .��,.,.._ _.__.._. _._-.__ -._____ ..._.._.._.. _-__._ ....�,, _____ �..,.�» М ._ - . - , , U,dйI�6W�i:j,� � .... . ;� � w... ..� �з4i� . ..-Т 4ь.у. ' . �^'`4..ш : - _ . ••,`чи� � �19 :У.. I _ "" ---... . _. . . - � - - � �� Г и о �� 9� �, "9о' S а..о� а- С ��'9а �� „, � а � q � ,� S9C�,y.o�!Сд'Si гп ��1 --i О р о о а9. � У ы °- о о - i{ �6 Pt /с>`, oG Q- а= т ы °' °= = F °' _ ",�Э а и - � л r '� � о г : г 9�С'��' i�"•°р s� % ст Р л � :' ' л о � > ° `� р � f д v° di�O� tP/ ы �< о g � �. ^ у � а� т � i i �•S'�i'��с��Ф.� д � о ?. � С� � г °. о o-�о,' о N л � t „�� г�i р � w " . 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LS�c _ � •-0 eý PÅRT - B ACcOUN'j'RECONCILTATION: % Aujonju advanced by World Bank 43,681.03 t Less : Total anioura recovered by World Batik 43,046.95 present Ourstallding allatorult advanced to (be Special AccOunt at fiscal Ycir caded 06-30-20 l 8 43,046.94 vilding balance of Special Accoun( at fiseril year- ended 06-30-2019 634.09 plus :Aniound clainned and not yet credited at fiscal year end 06-30-2019 !ýjipbvntjon No. Arrlolult Plus Annourrt wiflidrawli and not yel clitimed Less Inlerest carning if inciuded in Special Accourd Plus Service charges in not inciuded In lines 5 and 6 above Equal : Total advance to Special Accanint riccouraed for at fiscal vear ended 06-30-2019 634,09 Nodes 1. Explain aiiddisct-epapicj, betivsem notals appearingvir lines 3 and 9 above (e,gý ornotna dul, lo be refundeållo cover !7teligIble expetidittirespaidfroiii the Special Account) 2. Indicaic ifaiijoiý?ýis appearing on lille 6 are eligibleforftiiapicflig by fire [Vorld Rank otid provide reasonsfor nol cialjning the expendinires. ~Wi \00 \KO ýÄO SPECIAL ACCOUNT STATEMENT Lveraging ICT (or Growth, Employnicut & Gveruence Prøject Amount in Jac For the ycar ending June 30, 2019 A ccount No. 00008202710) Depositoty Bank JANATA BANK Addlress UGC Branch Related Loan Credit Agreerment No. IDA Credit No. 5911 -BD PART- A ACCOUNT ACTIVITY Beginning balance as on 07-01-2018 1,535.52 Add Total amount deposited by the World Bank / others 19,276,82 Total interesi earnings ifdeposited in account Total amount refunded to cover ineligible expenditure Deduct: Total amount witldrawn 19,907.62 Total service charges/Bank laterest ifnot included ahove it atmount Ending balance on 06-30-2019 1404.71 ~ ~s~,-P PART - B ACCOUNI RECONCILIATION: Amo,nt advanced by World Batk 30,815.41 Less : tal amount recovered by World Bank Equal : Present outstanding amont advanced to the Special Account a [iscal vear ended 06-30-2018 29,410.70 ERai,g balance of Special Account at fiscal year ended 06-30-2019 Plus :Amount claimed and not yet credited at liscal year end 06-30-2019 Amtiealta No Amunt Plus Amnount witldrawni and not yet claimed Less Interest earning (if inciuded in Special Account ) Plits Service charges in not included in lines 5 and 6 above) Equail : Total advance to Special Account accounted for at fiscal vear ended 06-30-2019 1,404.71 Notes 1. Eplan and discrepatncy bertween lotals appearing on lönes 3 atid 9 above (e.g. aotmu dae to be refintded to cover ineligible expenditures paidfrom the Speciael Accouni) 2. idicate if ams appea-ing ot Iine 6 are ekigible forfinarncing by the WEorld Bank and provide reasonsfor io clainultg the expendiures. yVA* Ä 4 å%: 1 AUDIT OPINION ON STATEMENT OF EXPENDITURE (SOE) We have audited the statement of expenditure (SOE) of the "Leveraging Information and Communications Technologies (ICT) for Growi,th, Employment & Governance Project 30"' June, 2019 submitted to the International Development Association (IDA) for re- imbursement of expenditure in accordance with the IDA Credit No. 5025-BD & 591 13-BD. The audit was conducted following international standards on auditing which includes tests of the accounting records and supporting documentation. In our opinion, the presentation and submission of claim to IDA authority on the basis of expenditure statement (SOE) was valid and can be relied upon by IDA. (Md. Nurul Islaim) Deputy Director For Director General Foreign Aided Projects Audit Directorate Tel: 88-02-9362478. LICT-Final-2018-2019 13