98860

•
                                   A UDIT< R'S REPORT

                                                                    A udi t Completion Date:0 ::!-1 0-..!014


           S cretary
           Local Govern ment Division
           Mini try of LGRD & Co-operatives (Local Govt. Division)
           Banglddcsh Secretariat
           Dhaka-!( 0.

    I.        We hav audited the accompanying financial statement of Dhaka \\'nter supply
     & Sanitation Project' financed by IDA under credit no-4506 BD as on 30 June 2014
    and f r the year then ended. The preparation of the financial statement is the
    responsibility of the management. Our responsibility is to express an opinion on the
    Financial Statem nt based on our audit.
    II.      We conducted our audit following International Standards on Auditing. Those
    standards require that we plan & perform audit to obtain reasonable assurance about
    whether the Fin.mcial Statement is free from material misstatement. An audit includes
    examinations on a test basis, evidences supporting the amounts and dis losures in the
    Financial State ment. An aud it also includes assessing the accounting principles used &
    significant cstim .ttes made by management, as well as evaluating the overall Financial
      tatement presentation. We believe that our audit provides a reasonable basis for our
    opinion.
    Ill.       In ur pinion, the Financial State ment gives a fair view in all materials aspects
    of the financial position of 'Dhaka Water supply & S~mitation Project ' financed by
    IDA under credit no 4506 HD as on 30 June, 2014 and the results of its operations &
    C<l! h flows for the year then ended in accordance with

    followe d by the government of Bangladesh.
    1V.       Opinion status:- Unqualified.

                                                                                         ~ I, I        L:l L(
                                                                 Deputy Director                               /
                                                               For Director General
                                                      Foreign Aided Project Audit Directorate
                        Project Name : Dhaka Water Supply & Sanitation Project
                                                  IDA Credit No.4506 80
                                                Project Financial Statement
                                                         30th June'201 4
                                                                                                                  (Figure m lac 1 aKa I

                       Resources                             Notes       Cumulative Prior          Current            Cumu lative
                                                                               Period               Period        Current Penod
                        1                                        2               3                    4                 5
Govern ment of Bangladesh GOB                                                                                              1,325 00
                                                                 1                 1,325.00
Other Resou rces Add Interest                                                           26 .67             -                     26 67
Loan from Development Partner/World Bank DOSA                                                       8, 134.84            17.7o6 73
                                                                 2                 9,621 .89
Oth er Resources Adv Direct Payment                                                1, 559 .92       3,01 9.90              4, 579 8?_
Other Resou rces Add Inte rest                                                          76 .66                                   76 66
                                                                 3
Other Resources/Loan from WASA                                   4                    326.65                                 326 65
Other Resources (Sale of tender form)                                                                   2.79                      2.79
Cash Opening Balance (CONTASA)                                                                         275.58
                                                                                          -
Cash Openmg Balance (GOB)                                                                                41.75
Total Resources                                                                   12,936.79       11,474.86              24,094.32

Expenditure & Cash
1 Goods                                                                            1, 595 .15          66.77               1,66 1.92
2 Training                                                                              81.25              -                     81 25
3 Con sultancy                                                                     2,145 .60          863 .22              3,008 82
4 Re-settlement                                                                      205.66            20. 87                226. 53
5 Administrative                                                                     41 1.05           76. 78                487 83
6 Works (Const.)                                                                   5,574 .13        7,1 85.33            12,759 46
7 Interest Paid to Govt                                                                 72.29              -                    72 29
8 Refu nd to the Govt                                                                967.40                -                 967 40
9 Bank Ex duty (CONTASA)                                                                 4.35                                    4.35
10 Bank Ex duty (GOB)                                                                    2.66                                     2.66
11 Direct Payment! L. C                                                            1,559.92         3,019. 90             4,579 82
12                                                                                        -                -
Total Expenditure                                                                 12,619.46       11,232.87              23,852.33

Cash Closing Balance
Designated
Account (RPA)                                                                        275.58           240.76                 240.76
Operating Accou nt (GOB)                                                                41. 75            1.23                    1 23
Total closing balance                                                                317 .33          241. 99                24 1 99
Total Expenditure & Cash                                                         12,936.79        11 ,474.86             24,094.32

     Note -Notes to Financial statement Less refund   gp·~,B~d       Tk-967. 40 wa s shown in previous year F/S as Expend1!ure

                   f " · 7 • ./
                   r                              c~~
                                                   ....      1                                             ~
                                                                                                      ......_ _   /
                                                                                                                      r r ...      .,
....
                              Project Name : Dhaka Water Supply & Sanitation Project

                                                 NOTES TO FINANCIAL STATEMENT
                                                         30th June'2014


       GOVERNMENT OF BANGALADESH
       Fund are allocated by the Government of Bangladesh to cover GO B's share of eligible project expenditure
                                                                                                    Figure in lac
                       Particulars                 Inception to 30th        For the year         Inception to 30th
                                                      June'2013              2010-14                 June'201 4
       Disbursement by GOB                             1325.00                  0.00                  1325.00
       Less . Refund to GOB                             967.40                  0.00                   967.40
       Total                                            357.60                  0.00                   357.60

   2 LOAN FROM DEVELOPMENT PARTNER/ WOR LD BANK
     The (name of the Development Partner) has provided fu nds to the project to cover it's share of eligible prior

                          Particulars                        Inception to 30th            For th e year   Inception to 30th
                                                                June'20 13                 2010-14           June'2014
       Fund from IDA                                             9621.90                   81 34.84           17756.74
       D1rect Payment                                            1559.92                   3019.90            4579.82
       DOSANc
       Others ( Re1mbersment)                                     326 .65                                      326.65
                        Total                                    11508.47                   111 54.74         22663.21

   3 OTHER RESOURCES
     0 ther resou rces cons1st of th e foII ow1ng .
                      Particu lars                           Inception to 30th            For the year    Inception to 30th
                                                                Ju ne'2013                 2010-14           June'2014
       Loan from Revenues (WASA)
       Exchange gains/ losses
       Bank interest                                               77.86                      0.00              77.86
       Total                                                       77.86                      0. 00             77.86

  4 CASH

       Tne project ma1ntams two bank accounts, CONTASA bank accou nt. which is kept at Janata Bank Ltd to hold
       funds advanced by IDA and an operating accounting, Anathe r Bank Account GOB Fund kept Janata Bank
       Ltd Year end cas h balance were as follows (In lac Taka).



                         Particu lars                        Inception to 30th            For the year    Inception to 30th
                                                                June'2013                  2010-14           June'2014
       lmprest Account                                              0.00                      0. 00              0.00
       Operating Account (RPA)                                    275.58                    240.76             240.76
       Operating Accou nt (GOB)                                    41.76                      1.23               1.23
                          Total                                   31 7.34                   241.99             241 .99

  5 EXPENDITURE AND CASH

       Detailed and complete disclosure wi ll be given, Please attach se parate sheet (if re quired).
                    Auditor's Report on Special Account ( .,ONTASA)

I.          We have audited the Special A· ·aunt stat mcnt of "Dhaka Water supply &
           Sanitation Project " for the Year 2013-20 14 under provision of IDA credit
           agreement no-4506 BD.


II.        Our audit          wa~   carried out in accordance with International Auditing Guidelines.
           Accord ingly our audit included such review of systems of Internal Control, test of
           the accounting record<; & supporting documentation, veri fication of account
           balances and other auditing procedures that we considered necessary under the
           circumstance<;.


III .      The accompanying CONTASA Statement was prepared on the basis of c.1sh
           dep o~ its        & withdrawals for the purpose of complying w ith the above credit
           covenant. Annexure-"A"


                                            Unqu alified opinion:


           In our opinion the receipts are properly accounted for and w ithdrawal was made
           fo r th purposes of the project in accordance with the credit Agreement and the
           <tbove pecial account statement gives a true and fai r view of the beginning &
           ending balances and th account activity for the year ended as on June       014
           on the basis of ca"h deposits & withdrawals.



                                                                      .Mamun-Ul-Mannan)~ /· I 2- •{ V
                                                                        Deputy Director                     /
                                                                      For Director General
                                                             Foreign Aided Project Audit Directorate




t.. Bll 1356-DW:-. P.dfll:                                                                             18
I
    Dhaka             n er Sur )I_                    San itation Project (DWSSP)
                                                    SA Bhaban
          98, Ka.·     ~~a 7 rul 1 ~                "nue Kawran Bazar D hak a -1215
                                       D            dit No-4 506 BD
                                                                                      Part-A
                                                    A/C No-24000078 1


    CONTASA , . C AC T! ' TY
    Di scripti C' 1

    Opening 8. !., 1ce as              .0           .13                                           275 .58
    Add   Am c ~                                    :--J   R                                   11 '154.74
    Add Interes t ':>a le of                                                                          2.79
    Total=                                                                                     11 ,433.11



    Elegible            .. . .         f   ;..l i                                              11, 192 .35



    Total Exr;.                                                                                11,1 92.35

    Deduc t
    Total Amo · r      t Nitrd

                                                     4                                            240.76
                                                                                      Part-S

    1 Amo ur      ..., :a~ .d                        . osit)                                    Nil
    (-)Le ss                                           ~ (if)                                   Nil
    Curren: C :: ·· r - ... -

    2 En ng t: a a net. c..                          .14
    (+) Amo un 1 cl1i m t Jt • '                     redited                                    Nil
    (+) AmoL.                                       · yet claim .                               nil
    (-)Lessi r'     n:r 1 if,.: '                    • in specia l A/C-                         Nil


    3 ~qu ·'                     J                                                                 240.76




          ,:   .'
,

                                      Audit Opinion on SOE/Fl\IR

          We have audited the Financial Monitoring Report, (FMR) of the " Dhaka
    Water supply & Sanitation I•roject" for the year ended 30 1h June 2014 submitted to
    the World Bank f r reimbursement of fun d in accordance with the Credit
    Agreement no-4506- BD.

           The audit was conducted following International Standard of Auditing.
    Accordingly it included such test of accounting records and supporting
    documentation review of existing system of internal control adopting necessary
    auditing procedures that we consider essential under the circumstances.

                                        withdrawal particulars

    The particular of withdrawal on the basis of FMR up to 30, June, 2014 under IDA
    credit NO 4506 BD were show as below:



    Sl j Application           Date       amount       Amount Clai m     Amount          Amount                  Di flc
    1!.2_ N0                             Claim U$           BOT        Disburse U$       Disburse BOT
    01 DWASA-                07-07-     6504874. 63   5086811 Q6.00    6504874.63         5086811%.00                ()
                                                                                                             I
    I
          15
          DWASA-
          16
                             2013
                             25-05-
                             2014
                                        1534526.85    120000000.00     1534526.85
                                                                                   --
                                                                                        t---_t 20000000.00-t I -
                                                                                                                     ()


    2     DWASA-             05-06-     2363209.72    184803000.00     2363209.72         184803000.00       I       ()
          17                 2014
                                                                                                                 -
    3     DWASA-             01-06-      346850.94     27123744.00     346850.94           271237 ~4.00              II
         1~                  2014
                                                                                                                 -
    4    DWASA-              02-06-     1076701.76     84190258.00     107670 1.76         84190258.00               ()
         19                  2014
    5    DWASA-              10-06-      430640.70     33676103.00     430640.70           336761 03.00              0
         20                  20 14
    ()   DWASA-              24-06-     2007670.97    156999870.00     2007670.97        156999870.00
                                                                                                                 -   ()
         21                1 2o14
         Total =                        14264475.57    1115474171.00   14264475.57        1115474171.00              0
                       -                                                                                     "-~



          NB:-1 USD= BDT.78.20




    G: Bll 1356-DWSSP.doc                                                                            19
                                  Opinion;


In our opinion, the FMR can be relied upon to support the application for credit
di. bursement by the World Bank for expenditure incurred for the purpose of the
project as pecificd in the particular of withdrawal application. In the FMR closing
balance shown TK.240. 76 lakh in IDA Designated Account andThe project
financial statement (F.S) it was shown Tk.240.76 lakh.




                                                      (M .Mamun-UI-Man nan)       '7 J. /1..- ·J '-1
                                                           Deputy Director                       {
                                                         For Director General
                                             1--o reign Aided Project Audit Di rectorate




                                                                                      20
         Summery of Withdraw al ;· rli cation for the FlY -2013-201 4
            Dhaka Wat r Supply • .lllitation Project (DWSSP)
          WASA Bhaban 98 Kazi . z•wr islam Aven ue Dhaka- 12 1
                         IDA Cr t 'o-4506 BD

                                                                                                . { 7TJ       ' IS./; U/._<;
                                                                                                             lJ
SLNO Withdrawal          Date        Am ~-..~ nt €:5:ih        Amount Claim                   Amount            Amount         Differenc e
                                                US D               USD                            BOT              BOT
 1   DWASA-15         7--7 · 1~        E .       ~  874.63      6 504 874.63             508. 681 196. 00    508 681 196.00        0
 2   DWASA-16         25-5- lt.;       1            "26.85      1 53A 526 85             120 000,000 00      • 20 000,000.00       0
 3   DWASA-17         fi-6 - /lf       2            7•J9.72     2 363 209.72             184.803.000.00      184,803,000.00        0
 4   DWASA-18         1- G-14                       950.94        346 ,850.94             27,123,744.00        27 123 744.00       0
 5   DWASA-19         2-f: - / Lf      1            701.76      1,076 701.76              84,190.258.00        84 190 258.00       0
 6   DWASA-20         /0 -(;-I 'I_         .:     I 640.70        430 640 70              33,676 ,1 03.00      33 676 103.00       0
                                       .
     DWASA-21         24 - b- I L!     L         7 670 97       2 007 670.97             156 999 870. 00     156 999 870.00        0
                                                                                                                                   0
                                                                                                                                   0
     Total=                          14 .,           ~75. 57   14,264,475.57                 1,115,474,171    1,115,474,171        0

        il 1.>.   ]     t/SP    ;: 7& • 2o


                                                                     /      \   ./7--•
                                                                                         I    .
                             L%$~                                     ../
                                                                                     . \'-D \'\. \
                                                                                         ~


         ·~




              I