INDIAN AUDIT AND ACCOUNTS DEPARTMENT O/o THE PRINCIPAL ACCOUNTANT GENERAL (AUDIT) ANDHRA PRADESH STATE HYDERABAD 500 004 Report of the Comptroller and Auditor General of India To The Engineer in Chief (R&B) SH, PPP, CP & Managing Director, APRDC, 5'" Floor, R & B Complex, M.G.Road, Vijayawada - 520010 Andhra Pradesh Report on the Project Financial Statements We have audited the accompanying financial statements of the Andhra Pradesh Road Sector Project (APRSP) financed under World Bank Loan No. 7792- IN, Vijayawada which comprise the Statement of Sources and Applications of Funds and the Reconciliation of Claims to Total Applications of Funds for the year 2019-20 (upto July 2019). These statements are the responsibility of the Project management wing. Our responsibility is to express an opinion on the accompanying financial statements based on our audit. We have conducted oir "audit in accordance with the Auditing Standards promulgated by the Comptroller and Auditor General of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Our audit examined, on a test basis, evidence supporting the arounts and disclosures in the financial statements. It also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall statement presentation, We believe that our audit providesa reasonable basis for our opinion. In our opinion, the Project Financial Statements present fairly, in all material respects, the sources and applications of funds of Andhra Pradesh Road Sector Project (APSRP) for the year 2019-20 (upto July 2019) in accordance with Government of India accounting standards. In addition, in our opinion, (1) with respcct 1o SOE-s, adequate supporting documentation has been maintained to support claims to tc world bank for reimbursements of expenditure incurred, and (b) except for ineligibic expenditure of Rs. Nil as detailed in the audit observations, appended to this audit report, expenditures arc eligible for financing under the Loan/Credit Agreement. During the course of the audit, SOEs/FMR(s and the connected documents were examined and these can be relied upon to support reimbursement under the Loan/Credit Agreement. This report is issued without prejudice to Comptroller and Auditor General of India's right to incorporate the audit observations in the Report of Comptroller and Auditor General of India being laid before Parliament/State or UT Legislature. DEPU Y A COUNTANT GENERAL (SS) 0 AUDIT CERTIFICATE The Expenditure Statement/Financial Statement relating to Andhra Pradesh Road Sector Project (APRSP), (Loan/Credit No.7792-IN) for the year 2019-20 (upto July 2019) attached hereto have been audited in accordance with the regulations and standards of audit of the Comptroller and Auditor General of India and accordingly included such tests of accounting records, intemal checks and controls and othcr auditing procedures necessary to confirm. a) that the resources were used for the purpose of the project and b) that the expenditure statements/financial statements are correct During the course of the audit referred to above, Statement of Expenditure (SOE) (for an amount of Rs.2,65,30,811/-) and the connected documents were examined and these can be relied upori to support reimbursement under the aforesaid loan/credit agreement. On the basis of the information and explanations that have been obtained as required and according to the best of our information as a result of the test audit it is certified that the expenditure statement/financial statements read with the observations set out below represent a true and fair view of the implementation (and operations) of the project for the year 2019-20 (upto July-2019). This certificate is issued without prejudice to CAG's right to incorporate any further/detailed audit observations if and when made in the Report of CAG of India for being laid before Parliament /State Legislature. GAUTA 1AL DA Deputy Accour tant General/SS Annexure-I STATEMfENVT SlOWING- THE _DETAILS OF EXPINDITURE INCURRED i.e., CATEGORYWISE, COMPONENT- W IGHSE/DsTRCT-WISE FOR THE PERIOD FROM 01.04.19 TO 31.07.19 IN RESPECT OF WI1,SE7, UNIT OFFICE WITWO LIBAiNKASSISTED/EXTERNALL-Y AIDED PROJECT (Loan No.7792-IN/APRSP) WO diture y ijue ofAu deuditee' Acunl amount Actual Expenditure Expeuditurc Percentage Amount r S. Cate / Nmeof the Afue Ofiu1re caimed by Expenditure as disallowed in admitted in admissible Com ponenlt , Unit department verified in audit audit audit 1 Componcnt Al PM U. Hyderabad/ 0 Vijavawada 0 0 0 0 0 00 2 Component A2 PMU. Hyderabad/ Vijayawada 0 0 0 0 - -- 3 Component A3 PMU, Hyderabad/ 8963134 Vijayawada 11203917 11203917 11203917 4 Component A4 PMU, Hyderabad/ lVijayawada 0 0 0 0 0 Component A4 (cc) PMU, Hyderabad/ Vijayawada 11002640 11002640 11002640 11002640 0 0 6 Component A.5 PMU, Hyderabad/ Vijayawada 1343206 1343206 1343206 _____ 1343206 0 0 7 Component C4 PMU, Hyderabad/ Vijayawada 0 0 0 0 0 0 3 Component C5 PMU, Hyderabad/ Vijayawada 0 0 0 0 0 0 9 Component D'\ PMU, Hyvderabad/ Vijayawada 0 0 0 0 0 0 10 Componen D2 PMU, Hyderabad/ Vijayawada 2981048 2981048 2981048 2981048 80 2384838 11 GRAND TOTAL 26530811 26530811 26530811 0 26530811 11347972 Ic, ANNEXURlE l çrAEMET,,S,1oWvING THE DETAILS OF DISALLOWANCES MADE FROM TIIlE EXPENDIUTRE INCURRED DURZING TIIE VEAR 2019-20 IN RESPECT OF WORLD A3'NK ASSISTEDANDUlRA PRADESHUROAD SECTOR PRO-JECT (GRANT 7792-IN) Rensons for Sl. No, Component Unit disallowance Anount I Al PMU, Vijayawada Ni Total 0