PKF МАК ALYANS LLC Audit & Consulting PKF Accountants & business advisors WORLD BANK ECAPDEV PROJECT PREPARATION GRANT for the proposed INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN (PROJECT IMPLEMENTATION UNIT) MINISTRY OF FINANCE OF REPUBLIC OF UZBEKISTAN (RECIPIENT) MULTI-DONOR PROGRAMMATIC TRUST FUND GRANT FOR EUROPE AND CENTRAL ASIA REGION CAPACITY DEVELOPMENT No.TF0A9742 SPECIAL-PURPOSE CASH BASIS FINANCIAL STATEMENTS AND STATEMENTS OF EXPENDITURES FOR THE PERIOD FROM APRIL 13,2019 TO APRIL 30,2020 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE SPECIAL-PURPOSE FINANCIAL STATEMENTS FOR THE PERIOD ENDED APRIL 30, 2020 3 INDEPENDENT AUDITORS’ REPORT 4 ECAPDEV TRUST FUND GRANT SPECIAL PURPOSE FINANCIAL STATEMENTS FOR THE PERIOD ENDED APRIL 30, 2020: Special-Purpose Statement of Cash Receipts and Payments 6 Special-Purpose Statement of Financial Position 7 Special-Purpose Statement of Detailed Costs by Categories 8 Notes to Special-Purpose Financial Statements 9-16 2 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE SPECIAL PURPOSE FINANCIAL STATEMENTS FOR PERIOD ENDED 30 APRIL 2020 The Management of the Project Implementation Unit (hereinafter - "PIU”) is responsible for the preparation of the Special-Purpose Financial Statements (hereinafter - "Financial Statements”) of the ECAPDEV Project Preparation Grant for the proposed "Institutional Capacity Building Project in Uzbekistan” (hereinafter - the "Project”) funded by the World Bank under the Multi-Donor Programmatic Trust Fund for Europe and Central Asia Region Capacity Development (hereinafter -"E C A PD E V ”) that present fairly the financial position of the Project as of 30 April 2020, and the funds received, and expenditures incurred for the period from 13 April 2019 (Effectiveness Date) to 30 April 2020, in compliance with International Public Sector Accounting Standards "Financial Reporting under the Cash Basis of Accounting" (h ereinafter-"IP S A S -C ash Basis"). In preparing the Financial Statements, the management of the PIU is responsible for: Selecting suitable accounting policies and applying them consistently; Presenting information, including accounting policies, in a manner that provides relevant, reliable, comparable, and understandable information; Providing additional disclosures when compliance with the specific requirements in IPSAS-Cash Basis are insufficient to enable users to understand the impact of particular transactions, other events, and conditions on the Project's Special-Purpose Financial Statements. The Management of the Project is also responsible for: Designing, implementing and maintaining an effective and sound system of internal controls, throughout the Project; Maintaining adequate accounting records that are sufficient to show and explain the Project's transactions and disclose with reasonable accuracy at any time the fund balance of the Project, and which enable them to ensure that the Financial Statements of the Project comply with specific requirements in IPSAS-Cash Basis; Maintaining statutory accounting records in compliance with legislation of the Republic of Uzbekistan; and Preventing and detecting fraud and other irregularities. The Financial Statements of the Project for the period from 13 April 2019 to 30 April 2020 were authorized for issue by the Project's Management on 30 April 2020. On behalf of the Project's Management: S. Karimov Financial Specialist 3 PKF МАК ALYANS LLC Audit & Consulting Accountants & business advisors INDEPENDENT AUDITOR’S REPORT To the Ministry of Finance of the Republic of Uzbekistan Opinion We have audited the Special-Purpose Financial Statements (hereinafter - the "SPFS”) of the ECAPDEV Project Preparation Grant for the proposed "Institutional Capacity Building Project in Uzbekistan” (hereinafter - the "Project”) under the Multi-Donor Programmatic Trust Fund for Europe and Central Asia Region Capacity Development (hereinafter -"E C A PD E V ”) financed from Grant proceeds of the International Bank for Reconstruction and Development/International Development Association (collectively the "World Bank”), acting as administrator of the ECAPDEV Project Preparation Grant, Letter Agreem ent No.TF0A9742 which comprise the Special-purpose Statement of Cash Receipts and Payments for the period from 13 April 2019 (Effectiveness Date) to 30 April 2020, the Statement of Expenditures (hereinafter - the "SOE”), the Statement of Designated Account (hereinafter - the "DA”) and a summary of significant accounting policies and explanatory notes. The SPFS have been prepared by management of the Project using the International Public Sector Accounting Standards "Financial Reporting under the Cash Basis of Accounting” (hereinafter - "IPSAS - Cash Basis”). In our opinion, I. The accompanying Special-Purpose Cash Basis Financial Statements, in all material respects, give a true and fair view of the Financial Position of the Project as of 30 April 2020, as well as Sources and Uses of Grant Proceeds, Designated Accounts movements and outstanding balances for the period then ended, in all aspects comply with the conditions of the Letter Agreem ent and in accordance with International Public Sector Accounting Standard; II. Moreover, (a) with respect to the SOE for the period from 13 April 2019 to 30 April 2020, adequate supporting documents, records and accounts have been maintained to support claims to the World Bank for reimbursements of expenditures incurred; and (b) the expenditures included in the withdrawal applications and reimbursed against are eligible for financing under the Grant Agreement. III. The Designated Accounts statement for the period from 13 April 2019 to 30 April 2020, give a true and fair view of the Financial Position of the DA of the Project and of the cash flow for the periods then ended. Basis for Opinion We conducted our audit in accordance with the International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the A uditor’s Responsibilities for the A udit o f the Financial Statements section of our report. We are independent of the Project in accordance with the International Ethics Standards Board for Accountants' Code o f Ethics fo r Professional Accountants ( “IESBA Code”) together with the ethical requirements that are relevant to our audit of the SPFSs in the Republic of Uzbekistan and we have fulfilled our other responsibilities under these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of Management for the Special-Purpose Financial Statements The Management of the PIU under the Ministry of Finance of the Republic of Uzbekistan ("MoF”) is responsible for the preparation and fair presentation of these SPFSs in accordance with the International Public Sector Accounting Standard ("IPSAS”), and for such internal control as management determines is necessary to enable the preparation of SPFSs that are free from material misstatement, whether due to fraud or error. 4 A uditor’s Responsibility for the Audit of the Special-Purpose Financial Statements Our objectives are to obtain reasonable assurance about w hether the SPFSs as a whole are free from material misstatement, w hether 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 ISAs will always detect a material m isstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these SPFSs. As part of an audit in accordance with ISAs, we exercise professional judgm ent and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the SPFSs, 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 omissions, 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 conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. • Evaluate the overall presentation, structure and content of the SPFSs, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Ikromjon UHnbaev Qualified Auditor Certificate of Auditor Qualification under No.04363 dated 10 July 2012 A udit Organization “PKF MAK ALYANS LLC” 22, Aviasozlar Street, 1st Passage 100016, Tashkent, Uzbekistan 30 April 2020 5 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN SPECIAL-PURPOSE STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars __________________________________________________________________ 30.04. 2020 31.12. 2019 13.04.2019-30.04.2020 Budget Actual Actual Cumulative % Amount O pening Fund Balances Cash in USD - 41 928 - - - Cash in UZS (USD equivalent) - 1 020 - - - Total - 42 948 - - - S ources o f F unds: Funds Received ECAPDEV Trust Fund Grant - Direct Payments - - - - - ECAPDEV Trust Fund Grant - Initial Advance to Designated Account 20 000 20 000 ECAPDEV Trust Fund Grant - Advances received to Designated Account 30 000 30 000 ECAPDEV Trust Fund Grant - Disbursements - - 22 014 22 014 - Return of unused funds of ECAPDEV TF Grant (431) - (431) TOTAL OF FUNDS RECEIVED 250 000 (431) 72 014 71 583 28.63% Uses of Funds: Expenditure Incurred C1 - Consulting services, including audit costs (210 000) (37 399) (24 587) (61 985) 29.52% C2 —Trainings (25 000) - (3 723) (3 723) 14.89% C3 - Operating costs (15 000) (5119) (761) (5 880) 39.20% TOTAL EXPENDITURE INCURRED (250 000) (42 518) (29 071) (71 588) 28.63% FX Exchange Gain / (Loss) - 1 4 5 Closing Fund Balances Cash in USD - - 41 928 - - Cash in UZS (USD equivalent) - - 1 020 - - Total - - 42 948 - - Signed on behalf of the Project’s Management on 30 April 2020 S. Karimov Financial Specialist Notes on pages 9 to 15 form an integral part o f the Special-Purpose Cash Basis Financial Statements. 6 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN SPECIAL-PURPOSE STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2020 Tabular amounts are presented in US Dollars Items Note Periods 30.04.2020 | 31.12.2019 ASSETS Cash and cash equivalents - 42 948 TOTAL ASSETS - 42 948 OWN FUNDS/FINANCING IDA Financing (ECAPDEV TF Grant) 72 014 72 014 Less: Return of unused funds (ECAPDEV TF Grant) (431) - Less: Cumulative expenditure, including FX difference (71 583) (29 066) TOTAL OWN FUNDS/FINANCING . 42 948 Signed on behalf of the Project's Management on 30 April 2020 'Kalandarov S. Karimov 'Project Mana^fer Financial Specialist Notes on pages 9 to 15 form an integral part o f the Special-Purpose Cash Basis Financial Statements. 7 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN SPECIAL-PURPOSE STATEMENT OF DETAILED COSTS FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars ______________________________ Categories Actual Budget Variance (unused) 30.04.2020 Cumulative Cumulative 30.04.2020 | Cumulative Category 1: Consulting services, including audit costs 1.1. Consulting services 48 469 48 469 . 1.2. Consultants, PIU staff salary 10 766 10 766 210 000 . 148 015 1.3. Auditing services 2 750 2 750 . Sub-Total 61 985 61 985 210 000 - 148 015 Category 2: Trainings 2.1. Trainings 3 723 3 723 25 000 21 277 Sub-Total 3 723 3 723 25 000 - 21 277 Category 3: Operating costs 5 682 5 682 - 3.1. Operating costs 15 000 9 120 198 198 - 3.2. Bank charges Sub-Total 5 880 5 880 15 000 - 9 120 TOTAL ECAPDEV TRUST FUND 71 588 71 588 250 000 - 178 412 GRANT EXPENDITURE on behalf of the Proiect’s Manaaement on 30 April 2020 'w h b Specialist Notes on pages 9 to 15 form an integral part o f the Special-Purpose Cash Basis Financial Statements. MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars______________________________________________________________ 1 PROJECT AND ITS OPERATIONS With a view to improve the institutional capacity in Uzbekistan, which is currently one of the priority areas and is supported by normative legal documents of the Government, the Ministry of Finance (hereinafter - “MoF”) of Uzbekistan initiated the preparation of the new investment proposed project “Institutional Capacity Building” (hereinafter - “the proposed project”) via financial cooperation with the World Bank. The proposed project would be implemented over a period of five years (from 2019 to 2024), organized around four components, and financed by the International Development Association (“IDA”) Credit of US$ 33.0 Million. The proposed project will finance primarily advisory services (i.e., hiring of consultants), funding of IT (hardware and software) and Management Information Systems (MIS), training and workshops, and covering of operating costs. To support the preparation of the proposed project, the Grant in the amount of US$ 250,000 from the Multi- Donor Programmatic Trust Fund for Europe and Central Asia Region Capacity Development (ECAPDEV) was approved and became effective on April 13, 2019 in line with the Letter Agreement between IDA and Republic of Uzbekistan signed on April 13, 2019 (“Letter Agreement”) and the Grant closure date was 31 December 2019. The Application Closing Date including the 4 months grace period was 30 April 2020. This Grant finances technical assistance for project preparation, including the development of IBL Project documents, initial capacity building for the MoF and relevant stakeholders, and knowledge sharing activities. The implementing agency for this Grant is the MoF. MoF through the Project Implementation Unit (PIU) is the implementing agency for the Project. Withdrawal of Grant Proceeds: Category Amount of Grant Allocated Percentage of Expenditure to be (in USD) Financed (inclusive Taxes) (1) Consulting services, including audit 210 000 100% (2) Training 25 000 100% (3) Operating Costs 15 000 100% Total Amount 250 000 9 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars______________________________________________________________ 2 SIGNIFICANT ACCOUNTING POLICIES Basis of preparation These special-purpose Financial Statements have been prepared in accordance with the International Public Sector Accounting Standard (IPSAS) "Financial Reporting under the Cash Basis of Accounting" promulgated by the International Federation of Accountants (IFAC). Those standards require that cash receipts shall be effective when received and expenditures of funds shall be effective when they are paid rather than when incurred. The Financial Statements prepared under the cash basis provide readers with information about the sources of cash raised during the period, the purpose for which cash was used and the cash balances at the reporting date. The measurement focus in the financial statements is balances of cash and changes therein. The Project’s special- purpose cash basis Financial Statements are prepared on the basis of cash receipts and disbursements which are a comprehensive basis of accounting. Cash and cash equivalents Cash and cash equivalents are recognized at cost and include cash at cash desk, cash at designated and special accounts at domestic banks and cash in transit. Project expenditures The Project’s special-purpose cash basis Financial Statements are prepared based upon the accounting records of the PIU, which are maintained in both USD and UZS. The initial accounting records consist of summaries of disbursement documents and other payment vouchers. Accounting of PIU within the MoF is conducted in accordance with the applicable laws of the Republic of Uzbekistan with the specific implementation of the Project, including applying cash method. The policy management programs also include preparation of detailed of cost report on a cash basis in accordance with International Accounting Standards for the Public Sector. The accounting is carried out using the Accounting software 1C. An analytical account of the sums received by the Project of funding is separate from the breakdown of the total amount financed by categories of expenditure. At the end of each month I quarter are counted up all the items of expenditure for the quarter and total year to-date, in order to identify the remainder and in a similar way to keep records of cash expenditures for transfers. Foreign currency translation (i) Functional and Presentation currencies The functional currency of the Project is the currency of the primary economic environment in which it operates. The Project’s functional currency is Uzbek Soums (“UZS”), as the major portion of its transactions are in UZS. These special-purpose Financial Statements of the Program are also presented in the presentation currency of US Dollars (“USD”) as this is convenient for the readers of the financial statements. 10 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 MARCH 2020 Tabular amounts are presented in US Dollars_____________________________________________________________ (ii) Transactions and Balances The assets’ additions and expenditure paid for in UZS were translated into USD using the following principles of transaction: • Monetary assets denominated in UZS have been translated into USD using the rate of exchange of the Central Bank of Uzbekistan (“CBU”) on the date of operation; • All income/expenditure earned/incurred in UZS denominated into USD were recorded as an exchange rate of CBU, effective at the date of receipt or payment of the funds; Gain/Loss resulting from the transaction of UZS into USD: Cash & cash equivalents outstanding as at reporting date are translated into USD at the rate of the CBU effective at the reporting date. The official exchange rate set by the CBU and effective, as at 30 April 2020 was UZS 10,130.00 to USD1 (31.12.2019: UZS 9,507.56 to USD1). Since September 05 2017, the exchange exists relating to converting the UZS into other currencies. At present, the UZS is still not a convertible currency outside Uzbekistan. Bank Accounts of the Project During the reporting period from April 13, 2019 to April 30, 2020, the PIU held the USD Designated Grant Account for ECAPDEV Trust Fund Disbursements, and UZS Transit Account for UZS operational expenses at the JSCB “NATIONAL BANK”. The PIU operates a Designated Grant Account in accordance with the provisions laid down in the Letter of Agreement. The USD Designated Grant Account represents revolving funds provided from the ECAPDEV Trust Fund to facilitate prompt disbursement of funds. The funds are maintained at JSCB “NATIONAL BANK”. The USD Designated/Grant Account is used to cover the ECAPDEV Trust Fund’s share of eligible expenditures in both local and foreign currencies. The eligible expenditures are reported to the World Bank through Expenditure Reports/SOE. The USD Special/Grant Account is replenished by the ECAPDEV Trust Fund on the basis of request, prepared by the PIU for validation of USD Designated Account. The UZS Transit Account was opened to convert the funds received on USD Designated Grant Account for Grant proceeds from WB and for payments to suppliers and withdrawal of cash. The outstanding balances of the above accounts as at 30 April 2020 are disclosed in Note 5. 3 SUBSEQUENT EVENTS There is no events after the end of the reporting period, which would require adjustment to or disclosure in these financial statements. 4 APPROVAL OF SPECIAL-PURPOSE FINANCIAL STATEMENTS The special-purpose financial statements were approved by the Management of the Project for issue on 30 April 2020. 11 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars __________________________________________________________________ 5 Statements of Cash Balances of the Project The Project had the following Cash Balances as at 30 April 2020 at JSCB “NATIONAL BANK”: Sources of funds Currency Note Name of account 30.04.2020 31.12.2019 Am ount in USD Am ount in USD Trust Fund Grant Account USD 6 Designated Account . 41 928 UZS T ransit Account UZS 7 Transit Account - 1 020 Total - 42 948 Statements of USD Designated Grant Account Account No.: 20203 840 2001 0000 1003 Depositary Bank: JSCB “NATIONAL BANK” Address: Tashkent, Uzbekistan Related Grant No.: ECAPDEV TFA09742 Currency: US Dollars (USD) 30.04.2020 31.12.2019 Opening Balance 41 928 - Cash Inflow: Initial Advance - 20 000 Advance payments - 30 000 Disbursements - 22 014 Return of unused funds of TF Grant (431) - Cash Outflow: Transfer into UZS Transit Account (Conversion) (7 897) (30 042) Financing eligible expenditure (33 600) - Commission fees charged by intermediary bank - (44) Closing Balance - 41 928 S. Karimov Financial Specialist 12 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars 7 Statements of UZS Transit Account Account No.: 20203 000 0001 0000 1001 Depositary Bank: JSCB “NATIONAL BANK” Address: Tashkent, Uzbekistan Related Grant No.: ECAPDEV TFA09742 Currency: Uzbek Soums (UZS) USD Equivalents 30.04.2020 31.12.2019 Opening Balance 1 020 - Cash Inflow: Transfer from USD Designated Grant Account 7 897 30 042 FX Gain 1 4 Cash Outflow: Financing of eligible expenditure (8 918) (29 027) Closing Balance - 1 020 13 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars 8 GPE Trust Fund Grant Proceeds April 30, 2020 December 31, 2019 Cumulative Grant Proceeds Through D esignated Grant Account: Advances received into DA: - 50 000 50 000 Direct Payments - - - Disbursements - 22 014 22 014 Return of unused funds of ECAPDEV TF Grant (431) - (431) Total ECAPDEV Trust Fund G rant Proceeds (431) 72 014 71 583 9 Contracts’ Executions & Commitments Mainly the following contracts have funded by the ECAPDEV Trust Fund Grant, concluded and paid within the framework of the Project and commitments outstanding as at 30 April 2020 were as follows: Source of Expenditure Contractor Contract Amount Amount paid Commitment funding Items (USD Equivalent) (USD Equivalent) as of 30.04.2020 Jahon Consulting Line LLC TF Grant Consulting 14 869.32 14 869.32 - Contract No.ECAPDEV/CQS/01 dated 03.10.2019 JV Global Plus Contract No.515 TF Grant Office Supplies 686.69 686.69 - dated 15.10.2019 Ruslana Rudnitska (Ukraine) TF Grant Consulting US$ 18 000 US$ 18 000 - Contract No.TFA09742-1- CSINDV dated 04.12.2019 Vardan Aramyan (Armenia) TF Grant Consulting U S$15 600 US$ 15 600 - Contract No.TFA09742-2- CSINDV dated 04.12.2019 NSO The Way Education TF Grant Training 3 723.09 3 723.09 - Contract No. 2 dated 12.12.2019 SE Layloxon-Dostonbek TF Grant Office Supplies 4 995.69 4 995.69 - Contract No.72 dated 13.12.2019 PKF MAK ALYANS LLC TF Grant Audit 2 750 2 750 - Contract No. TFA09742-3- CSINDV dated 16.12.2019 TOTAL 60 624.79 60 624.79 - 14 MINISTRY OF FINANCE OF THE REPUBLIC OF UZBEKISTAN ECAPDEV PROJECT PREPARATION GRANT FOR THE PROPOSED INSTITUTIONAL CAPACITY BUILDING PROJECT IN UZBEKISTAN NOTES TO SPECIAL-PURPOSE FINANCIAL STATEMENT FOR THE PERIOD ENDED 30 APRIL 2020 Tabular amounts are presented in US Dollars 10 Statement of Expenditure (including reconciliation) for the period from April 13, 2019 to April 30,2020 STATEMENT OF EXPENDITURE - ECAPDEV TF Grant No.A09247 W DA Expenditure financed from Designated Account for Project Expenditure number the period from 13.04.2019 to 30.04.2020 3,4 28 992.44 29 026.42 5 42 391.76 42 517.75 Total 71 384.20 71 544.17 Reconciliation of financing made through Designated Account - ECAPDEV TF Grant No.A09247 during 13.04.2019-30.04.2020 Total Expenditure by SOE 3 & 4 28 992.44 Add: Reclassification made as the Project expenditure 33.98 Total Expenditure incurred and financed from DA for the period from 24.07.2019 to 31.12.2019 29 026.42 Add: Expenditure by SOE 5 made for the period from 01.01.2020 to 27.04.2020 42 391.76 Add: Reclassification made as the Project expenditure 125.99 Total financing made through DA during 27.04.2019 - 30.04.2020 71 544.17 15