AUDITOR'S REPORT Secretary Ministry of Primary and Mass Education Bangladesh Secretariat, Dhaka. i. We have audited the accompanying Financial Statement (FY 2019-2020) of the "Reaching out of School Children (ROSC) Project-IF" financed by IDA Credit no.5166- BD and Grand no. D383-BD as at 30"' June 2020 and for the years then ended. According to ISSAl 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 conducted our audit in accordance with International Standards on Auditing and best practices of INTOSAl & SAI of Bangladesh. 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 "Reaching out of School Children (ROSC) Project-Il" financed by IDA Credit no.5166-RD and Grand no. D383-BD as at 30ti June, 2020 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. The project accounts has properly presented the expenditure and receipts for the year ended at 30i' June 2020. v. Opinion: Un-qualified. (ATM Mostalizur Rahman) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-48317088 Financial Statement & Notes a Reaching Out of School Children (ROSC) Phase-l Project Directorate of Primary Education M ir, Labhak-1216 FINANCIAL STATEMENT As on 30 June, 2020 (Figure in Lakh Taka) Comulative Current Cumulative Resources Notes Prior Period up Period Current Period to June 2019 (2019-20) up to June 2020 Govment of Bangladesh 1 4,394.62 725,65 5,120.27 Loan & Grant from Development partner 2 95,199.89 16,347.96 111,547.85 Cash opening balance CONTASA-Loan 4 - 4,334.40 - Total Resources 99,594.51 21,408.01 116,668.12 Expenditure and Cash 1. Manpower 608.44 125.40 733.84 2. Education Grants 57,341.34 14,388,77 71,730.11 3. Education Allowances 23,423.78 1,121.67 24,545.45 4. Vehicle . 108.71 - 108.71 5, Equipment 35.03 - 35.03 6. Furniture 13.74 - 13.74 7. Goods (Printing & Others) 119.10 -. 119.10 8. Traning and Capacity Building 2,740.36 0.20 2,740,56 9. Oversease Training 776.06 89.36 866.42 10. Workshop 797.90 109.53 907.43 11. Consultancy 2,543.71 977,94 3,521.65 12. Stationary 20.06 4.11 24.17 13. Fuel 130.84 .17.31 148.15 14, Maintenance 55.12 7.23 62.35 15. Registration of Vehicle 2.42 - 2.42 16. Monitoring (LGED) 4,746,98 197.67 4,944.65 17. Sonali Bank Service Charges 1,514.41 430.35 1,944.76 18. Traveling allowance 45,45 11.14 56.59 19. Contingency 236.66 28.46 . 265.12 Total Expenditure 95,260.11 17,609.14. 112,769.25 Cash Closing Balance - Govment of Bangladesh - - - CONTASA/Operating-Loan & Grant 4,334.40 3,898.87 3,898.87 Other resourcees: 1Total Expenditure and Cash 99,594.51 21,408.01 116,668.12 oN A Md. Mahbub Ilasan Shahin L-7 Project Director (Additional Charge) Md. Jahivul Islam Financial ManageimentConsultant PAased A ShameatdoD 1 21. Raadling 0utofSdi6ol MChldn iolect-ll A ROSC oec-2 Directorate of Prmary Education r o at Prm c ao Reaching Out of School Children (ROSC) Phase-Il Project PROJECT FINANCIAL STATEMENT (Credit No-5166 & Grant No-D383) Ai,c As on 30 June, 2020 1 GOVERNMENT OF BANGLADESH Founds are allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditures, as specified in the Project Proforma and in the Annual Development Programme for each of the project Any allocated funds that have not been expend: Inception to 30 June 2019 For the Year 2019-20 Inception to 30 June 2020 Disbursment by GoB 8237,76 1046.00 9283,76 Less: Refund to GoB 3843.14 320.35 4163.49 Total Expenses 4394.62 725.05 5120.27 2. LOANIGRANT FROM DEVELOPMENT PARTNER The IDA has provided funds to the project to cover it's share of eligible project expenditures. These funds, which must be repaid to (name lender/donor) after the conclusion of the project, have been drawn by the project: Inception to 30 June 2019 For the Year 2019-20 Inception to 30 June 2020 Initial deposit (Advance) against Credit 10000.00 3000,00 13000.00 DPA (Direct Payment) 0.00 0.00 RPA (SOE Procedure) 86699.89 10135.33 95835.22 RPA (Non SOE procedure) 0.00 962283 9622.83 Other 0.00 0.00 Less: Advance adjustment vvith Donor 600.00 6410.20 6910.20 Total Received 95199.89 16347.96 111647.85 3E OTHER RESOURCES _ Other resources consist of the following: Inception to 30 June 2019 For the Year 2019-20 Inception to 30 June 2020 Project Revenu el 0.00. 0.00 0,00 Exc-hange gains/Losses 0.00 0.00 0.00 Total 0.00 0.00 0.00 4. CASH The project maintains 2 bank accounts, an imprest/operating bank accountl, or revolving fund, which is kept at Sonali Bank to hold funds advanced by IDA, and an operating accounting, which is kept at a commercial bank to hold funds advanced by GOB. Year and cash balances were as follows (in lakh taka): Inception to 30 June 2019 For the Year 2019-20 Inception to 30 June 2020 . C NTASA/Operatlng-Loan . 4334.40 3898.87 3898.87 Operating Account (PA) 0.00 0.00 0.00 Operatio&ccount (GoB) 4334.40 3898.87 3898.87 Md. Jahirul Islam Mlaqudc iaeto d W3n Shahin Financial ManagementConsultant v s cPA S 1-2 l uf r r r Caan Reacir Out of School ChidranrNoq DiremoWcIaoarknrytEdulcaln 120 Audit Opinion on SOE We have audited the statement of the "Reaching out of school children Project (ROSC- 11)" for the year ended on 30' June, 2020, submitted to the World Bank for reimbursement of expenditure in accordance with the IDA Credit no.5166-BD and Grand no. D383-BD. The audit was conducted following the International Standards on Auditing accordingly, it included such tests of the accounting records and supporting documentation, review of systems of internal control, so far exists, and adopting necessary auditing procedures that we considered essential under the circumstances. * The particulars of withdrawal on the basis of interim unaudited financial report as submitted to audit is attached herewith. * Withdrawal applications were submitted by the project authority to the World Bank for re-embracement / replenishment of fund for the year 2019-2020, * The presentation and submission of claim to IDA by the project authority on the basis of SOE was valid and supported documents. In our opinion, the presentation and submission of claim to IDA authority on the basis of SOE was valid and can be relied upon by IDA. Opinion Status: Unqualified. TM Mostalizur Rahman) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-48317088 Auditor's Opinion on Special Account (CONTASA} * We have audited the Special Account Statement of "Reaching Out qf School Children (ROSC) Project-II" for the year ended 30th June 2020, under the provision of IDA Credit no.5166-BD and Grand no. D383-BD on 30i June, 2020, * Our audit was carried out following International Auditing Guidelines. Accordingly our audit included such review of systems of internal control, tests of accounting records and supporting documentation, verification of accounts balances and other auditing procedures that we considered necessary under the circumstances. * The accompanying Special Account Statement was prepared on the basis of cash deposits and withdrawals for the purpose of complying with the above financing Agreement. * In our opinion, the receipts are properly accounted for the withdrawal were made for the purpose of the project in accordance with loan the above special account gives a true and fair view of the beginning & ending balance and the account activity for the year ended 30tI June 2020 on the basis of cash deposits and withdrawals. * The special account is being maintained according to the approval of Finance Division. The withdrawal of money is in accordance with authorization of Finance Division. Opinion Status: Unqualified. (ATM Mostafizur Rahman) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-48317088 10