Project's Financial Statements and Independent Auditor's Report Ministry of Finance of the Republic of North Macedonia "Municipal Services Improvement Project" - International Bank for Reconstruction and Development Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK 31 December 2020 Ministry of Finance of the Republic of North Macedonia “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Contents Page Management Responsibility 1 Independent Auditor’s Report 2 Statement of Sources and Uses of Funds–Loan number 7699-MK and Loan number 8158-MK 4 Statement of Sources and Uses of Funds–Loan number 8561-MK 5 Statement of Uses of Funds by Project Activity-Loan number 7699-MK and Loan number 8158-MK 6 Statement of Uses of Funds by Project Activity-Loan number 8561-MK 15 Statement of Unit of Output by Project Activity-Loan number 7699-MK and Loan number 8158-MK 18 Statement of Unit of Output by Project Activity-Loan number 8561-MK 36 Statement of Breakdown of Loans and Grants-Loan number 7699-MK and Loan number 8158-MK4242 Statement of Breakdown of Loans and Grants-Loan number 8561-MK 53 Statement of Withdrawals – Designated Accounts 57 Statement of Designated Accounts – EUR 59 Statement of Treasury Accounts (Mirror Designated Accounts) – MKD 61 Statement of Petty Cash in Denar Account 64 Statement of Petty Cash in Euro Account 65 Notes to Project’s financial statements 66 Independent Auditor ’s Report Grant Thornton DOO Sv. Kiril I Metodij 52b-1/20 1000 Skopje North Macedonia T +389 (0)2 3214 700 To the Management of the Project F +389 (0)2 3214 710 E Contact@mk.gt.com VAT No. 4030003475973 We have audited the accompanying financial statements of the Ministry of Finance of the Republic of North Macedonia (MoF), “Municipal Services Improvement Project” (further referred to as “the Project”), financed under International Bank for Reconstruction and Development (IBRD), Loan numbered 7699-MK (“Original loan”), Loan numbered 8158-MK (“Additional financing”) and Loan numbered 8561-MK (“Second Municipal Services Improvement Project”), comprising the Statement of Sources and Uses of Funds, Statement of Uses of Funds by Project Activity, Statement of Unit of Output by Project Activity, Statement of Breakdown of Loans and Grants, Statement of Withdrawals, Designated Account Statements and related disclosure Notes (further referred as to “Project’s Financial Statements”) as at and for the year ended 31 December 2020 and included on pages 4 to 68. Management’s responsibility for Project’s financial statements These Project’s financial statements are compiled for the purposes of reporting to the MoF and the IBRD management, and are the responsibility of the management of the Project. The Project’s management is responsible for developing and maintaining such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error. The Project’s Management policy is to prepare the accompanying Project’s financial statements on the cash receipts and disbursement basis in conformity with the related requirements of the World Bank’s financial reporting guidelines and in compliance with the relevant provisions set out in the Loan Agreement numbered 7699-MK dated 29 June 2009, Loan Agreement numbered 8158-MK dated 7 June 2012 and Loan Agreement numbered 8561-MK dated 14 January 2016. On this basis, cash receipts are recognized when received rather when earned and cash expenditures are recognized when paid rather than when incurred. Auditor’s responsibility Our responsibility is to express an opinion on these Project’s financial statements based on our audit. We conducted our audit in accordance with auditing standards accepted in the Republic of North Macedonia1. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Project’s preparation and fair presentation of the financial statements 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. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 1 International Standards on Auditing (“ISA“) issued by the International Auditing and Assurance Standards Board (“IAASB”), effective from 15 December 2009, translated and published in the “Official Gazette” of the Republic of Ma cedonia no. 79 from 2010. Grant Thornton DOO is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. grantthornton.mk Ministry of Finance of the Republic of North Macedonia 6 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative Component A: MUNICIPAL INVESTMENTS KOCANI-Sub Loan MSIP 01 - 600,000 - 600,000 - - Kocani-Reconstruction of water system (works) - 577,034 - 577,034 - - Kocani-Supervision of reconstruction (CS) - 22,966 - 22,966 - - BOGDANCI-Sub Loan MSIP 02 - 100,492 - 100,492 - - Bogdanci-Street Lighting - 87,341 - 87,341 - - Bogdanci-Street lighting (savings) - 13,151 - 13,151 - - CITY OF SKOPJE-Sub Loan MSIP 03 - 2,974,822 - 2,974,822 - - Skopje-Vehicles for solid waste - 1,798,300 - 1,798,300 - - Skopje-Wastebins for public hygiene - 748,800 - 748,800 - - Skopje (VAT) - 427,722 - 427,722 - - ILINDEN-Sub Loan MSIP 04/1 - 230,486 - 230,486 - - Ilinden-Geotermal pumps - 230,486 - 230,486 - - ILINDEN-Sub Loan MSIP 04/2 - 146,430 - 146,430 - - Ilinden-Geotermal pumps House of Culture - 146,430 - 146,430 - - KISELA VODA-Sub Loan MSIP 05/1 - 910,378 - 910,378 - - Kisela Voda-Storm water system-11 October - 680,744 - 680,744 - - KiselaVoda-Storm water system-Mariovska - 229,634 - 229,634 - - KISELA VODA-Sub Loan MSIP 05/2 - 638,379 - 638,379 - - KiselaVoda-Water supply network - 638,379 - 638,379 - - STIP - Sub Loan MSIP 06 - - - - - - Stip-Rehabilitation of central city square - 278,445 - 278,445 - - Stip-Rehabilitation of river banks and parking lots - 271,679 - 271,679 - - Stip-Returned funds due to termination of SLA - (550,124) - (550,124) - - PEHCEVO-Sub Loan MSIP 07 - 68,551 - 68,551 - - Pehcevo-Vehicle for disposal of solid waste - 68,551 - 68,551 - - VELES-Sub Loan MSIP 08/1 - 685,549 - 685,549 - - Veles-water supply to Mladost lake - 685,549 - 685,549 - - VELES-Sub Loan MSIP 08/2 - 323,213 - 323,213 - - Veles-street lighting - 323,213 - 323,213 - - VEVCANI-Sub Loan MSIP 09 - 99,686 - 99,686 - - Vevcani-Vehicle for disposal of waste and backhoe - 99,686 - 99,686 - - GOSTIVAR-Sub Loan MSIP 19 - 842,675 - 842,675 - - Gostivar-basic equipment for public hygiene - 458,000 - 458,000 - - Gostivar-Street lighting - 341,973 - 341,973 - - Gostivar-VAT - 42,702 - 42,702 - - KICEVO-Sub Loan MSIP 11 - 759,997 - 759,997 - - Kicevo-Vehicles for disposal of solid waste - 201,434 - 201,434 - - Kicevo-Street Reconstruction - 448,947 - 448,947 - - Kicevo - Procurement of solid waste vehicle 2 containers - 109,616 - 109,616 - - KAVADARCI-Sub Loan MSIP 53 - 502,921 - 502,921 - - Kavadarci - School Reconstruction - 502,921 - 502,921 - - NOVACI-Sub Loan MSIP 12 - 130,710 - 130,710 - - Novaci-Street Lighting - 130,710 - 130,710 - - Ministry of Finance of the Republic of North Macedonia 7 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative CAIR-Sub Loan MSIP 21 - 484,523 - 484,523 - - Cair-School/Kindergarten Insulation Project - 484,523 - 484,523 - - GORCE PETROV-Sub Loan MSIP 14 - 1,291,416 - 1,291,416 - - Gorce Petrov-Streets reconstruction/rehabilitation - 1,291,416 - 1,291,416 - - DOLNENI-Sub Loan MSIP 13 - 266,778 - 266,778 - - Dolneni-Street reconstruction - 266,778 - 266,778 - - GRADSKO-Sub Loan MSIP 15 - 99,498 - 99,498 - - Gradsko-Vehicles for solid waste - 77,097 - 77,097 - - Gradsko-Bins for solid waste - 22,401 - 22,401 - - KRUSEVO-Sub Loan MSIP 10 - 49,218 - 49,218 - - Krusevo-Vehicle for disposal of solid waste - 49,218 - 49,218 - - MOGILA-Sub Loan MSIP 18 - 180,856 - 180,856 - - Mogila-Reconstruction of municipal building - 180,856 - 180,856 - - VASILEVO-Sub Loan MSIP 16 - 383,578 - 383,578 - - Vasilevo-Water supply to Canaklija - 383,578 - 383,578 - - BOSILEVO-Sub Loan MSIP 17 - 136,507 - 136,507 - - Bosilovo-Construction of bridge - 136,507 - 136,507 - - PRILEP-Sub Loan MSIP 20 - 501,619 - 501,619 - - Prilep - Street reconstruction - 501,619 - 501,619 - - GAZI BABA-Sub Loan MSIP 28 - 1,346,650 - 1,346,650 - - Gazi Baba -Construction of school - 1,238,052 - 1,238,052 - - Gazi Baba-Fence - 35,661 - 35,661 - - Gazi Baba - Audio equipment - 5,969 - 5,969 - - Gazi Baba - Furniture - 66,968 - 66,968 - - MOGILA-Sub Loan MSIP 18-2 - 34,161 - 34,161 - - Mogila - Purchasing of backhoe - 34,161 - 34,161 - - BUTEL-Sub Loan MSIP 34 - 1,193,010 - 1,193,010 - - Butel - School construction - 1,193,010 - 1,193,010 - - CITY OF SKOPJE-Sub Loan MSIP 03-2 - 362,050 - 362,050 - - Skopje - Equipment for public greenery - 362,050 - 362,050 - - VASILEVO-Sub Loan MSIP 65 - 163,314 - 163,314 - - Vasilevo-Street construction Piperevo - 163,314 - 163,314 - - VASILEVO- 3 Sub Loan MSIP 80 67,988 67,988 67,988 67,988 - - Vasilevo 3 subloan – Equipment for public greenery 67,988 67,988 67,988 67,988 - - Sub-total Component A - Original Loan: 67,988 15,575,455 67,988 15,575,455 - - DEMIR HISAR - AF Sub Loan MSIP 70-1 - 88,719 - 88,719 - - Demir Hisar AF - Street reconstruction 3 sub loan - 88,719 - 88,719 - - SHUTO ORIZARI - AF Sub Loan MSIP 72 85,368 139,206 85,368 139,206 - - Shuto Orizari AF - Street reconstruction 85,368 139,206 85,368 139,206 - - CENTAR - AF Sub Loan MSIP 73 280,286 564,483 280,286 564,483 - - Centar AF - Water supply and kindergarten projects 280,286 564,483 280,286 564,483 - - KISELA VODA - AF Sub Loan MSIP 71 330,604 376,446 330,604 376,446 - - Kisela Voda AF -Storm water system-Sasa 330,604 376,446 330,604 376,446 - - GORCE PETROV AF 2 Sub-loan MSIP 75 235,693 235,693 235,693 235,693 - - Gorce Petrov AF 2 subloan-Street reconstruc 235,693 235,693 235,693 235,693 - - KRIVOGASHTANI – AF 2 Sub-loan MSIP 79 37,893 37,893 37,893 37,893 - - Krivogashtani AF 2 subloan – communal vehicles 37,893 37,893 37,893 37,893 - - KRUSHEVO – AF 2 Sub-loan MSIP 78 79,973 79,973 79,973 79,973 - - Krusevo-2 AF Sub-loan vehicle for solid waste 79,973 79,973 79,973 79,973 - - GOSTIVAR – AF Sub-loan MSIP 81 134,747 134,747 134,747 134,747 - - Gostivar AF – Kindergarten equipment 134,747 134,747 134,747 134,747 - - BEROVO- AF Sub Loan MSIP 22 - 381,637 - 381,637 - - Berovo AF-Street reconstruction - 381,637 - 381,637 - - VINICA- AF Sub Loan MSIP 24-1 - 141,897 - 141,897 - - Vinica AF-Purchasing of communal vehicles - 141,897 - 141,897 - - KRIVA PALANKA- AF Sub Loan MSIP 25 - 841,117 - 841,117 - - Kriva Palanka AF-Procurement of communal vehicles - 172,171 - 172,171 - - Kriva Palanka AF-Streets reconstruction - 668,946 - 668,946 - - Ministry of Finance of the Republic of North Macedonia 8 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative MAVROVO ROSTUSHE- AF Sub Loan MSIP 23-1 - 199,227 - 199,227 - - Mavrovo Rostushe AF-Street reconstruction - 199,227 - 199,227 - - RANKOVCE- AF Sub Loan MSIP27 - 277,963 - 277,963 - - Rankovce AF-Street reconstruction - 277,963 - 277,963 - - BOSILOVO- AF Sub Loan MSIP 26 - 400,087 - 400,087 - - Bosilovo AF-Street reconstruction - 400,087 - 400,087 - - PETROVEC- AF Sub Loan MSIP 30 - 1,429,451 - 1,429,451 - - Petrovec AF-Construction of primary school - 1,429,451 - 1,429,451 - - PRILEP- AF Sub Loan MSIP 29 - 774,232 - 774,232 - - Prilep AF-Street reconstruction - 774,232 - 774,232 - - VINICA- AF Sub Loan MSIP 24-2 - 711,627 - 711,627 - - Vinica AF-Street reconstruction - 711,627 - 711,627 - - CASHKA- AF Sub Loan MSIP 31 - 531,266 - 531,266 - - Cashka AF-Street reconstruction - 531,266 - 531,266 - - PROBISHTIP- AF Sub Loan MSIP 32 - 460,720 - 460,720 - - Probishtip AF-Street reconstruction - 408,645 - 408,645 - - Probishtip- AF Street reconstruction contract 2 - 52,075 - 52,075 - - PEHCEVO- AF Sub Loan MSIP 33 - 111,125 - 111,125 - - Pehcevo AF-Street reconstruction - 111,125 - 111,125 - - MAVROVO ROSTUSHE- AF Sub Loan MSIP 23-2 - 104,731 - 104,731 - - Mavrovo Rostushe AF - Street lighting - 104,731 - 104,731 - - KRUSHEVO- AF Sub Loan MSIP 35 - 83,565 - 83,565 - - Krushevo AF - Water supply - 83,565 - 83,565 - - DOJRAN- AF Sub Loan MSIP36 - 130,586 - 130,586 - - Dojran AF-Communal vehicles - 130,586 - 130,586 - - OHRID- AF Sub Loan MSIP 37 - 2,071,451 - 2,071,451 - - Ohrid AF - additional communal vehicles - 450,929 - 450,929 - - Ohrid AF-Street reconstruction - 1,314,194 - 1,314,194 - - Ohrid AF - communal vehicles - 306,328 - 306,328 - - KARPOSH - AF Sub Loan MSIP 38 - 746,809 - 746,809 - - Karposh AF-Additional streets reconstruction - 172,006 - 172,006 - - Karposh AF - Street Reconstruction - 574,803 - 574,803 - - SHUTO ORIZARI - AF Sub Loan MSIP 39 - 455,978 - 455,978 - - Shuto Orizari AF - water supply Shuto Orizari - 455,978 - 455,978 - - CITY SKOPJE - AF Sub Loan MSIP 40 - 1,713,020 - 1,713,020 - - Skopje AF - water supply Shuto Orizari - 1,713,020 - 1,713,020 - - ZELINO - AF Sub Loan MSIP 41 - 220,634 - 220,634 - - Zelino AF-Storm water and street reconstruction - 220,634 - 220,634 - - ROSOMAN - AF Sub Loan MSIP 42 - 69,723 - 69,723 - - Rosoman AF-water reservoir - 69,723 - 69,723 - - KOCANI - AF Sub Loan MSIP 43 - 1,002,800 - 1,002,800 - - Kocani AF - Streets Reconstruction - 932,510 - 932,510 - - Kocani AF - 2 add streets cons. - 70,290 - 70,290 - - GORCE PETROV - AF Sub Loan MSIP 44 - 1,260,119 - 1,260,119 - - Gorce Petrov AF - 4 additional streets cons - 477,165 - 477,165 - - Gorce Petrov AF-Streets reconstruction - 782,954 - 782,954 - - NEGOTINO - AF Sub Loan MSIP 45 - 491,152 - 491,152 - - Negotino - Recon. of water supply system - 491,152 - 491,152 - - DELCEVO - AF Sub Loan MSIP 46 - 302,433 - 302,433 - - Delcevo - Extension of kindergarten - 302,433 - 302,433 - - MAKEDONSKA KAMENICA-AF Sub Loan MSIP 47 - 705,821 - 705,821 - - Makedonska.Kamenica - Reconstruction of cultural center - 705,821 - 705,821 - - SVETI NIKOLE - AF Sub Loan MSIP 48 - 776,640 - 776,640 - - Sveti Nikole - Reconstruction of streets - 776,640 - 776,640 - - BITOLA - AF Sub Loan MSIP 49 - 2,365,362 - 2,365,362 - - Bitola - Construction of seven streets - 2,296,991 - 2,296,991 - - Bitola - Supervision of construction of streets - 68,371 - 68,371 - - CITY SKOPJE - AF Sub Loan 50 - 2,837,290 - 2,837,290 - - Skopje - Rehabilitation of Boris Trajkovski street - 2,837,290 - 2,837,290 - - Ministry of Finance of the Republic of North Macedonia 9 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative RADOVISH-AF Sub Loan MSIP 51 - 645,778 - 645,778 - - Radovis AF - Remaining sub-loan - 149,070 - 149,070 - - Radovis - Construction of street - 484,009 - 484,009 - - Radovis - Supervision of construction of street - 12,699 - 12,699 - - KRIVOGASHTANI - AF Sub Loan MSIP 52 - 176,353 - 176,353 - - Krivogastani - Construction of streets - 176,353 - 176,353 - - SOPISTE - AF Sub Loan MSIP 54 - 660,126 - 660,126 - - Sopishte AF - Construction of additional streets - 137,730 - 137,730 - - Sopishte AF - Construction of streets/roads - 522,396 - 522,396 - - KRATOVO - AF Sub Loan MSIP 55 - 430,755 - 430,755 - - Kratovo AF - Construction of Green Market - 430,755 - 430,755 - - LIPKOVO - AF Sub Loan MSIP 56 - 480,120 - 480,120 - - Lipkovo AF - Schools Energy Efficiency - 480,120 - 480,120 - - MAKEDONSKI BROD - AF Sub Loan MSIP 58 - 1,018,749 - 1,018,749 - - Makedonski Brod AF - Additional road construction - 189,750 - 189,750 - - Makedonski Brod AF - Construction of local roads - 828,999 - 828,999 - - DEMIR KAPIJA - AF Sub Loan MSIP 57 - 431,328 - 431,328 - - Demir Kapija AF- Reconstruction of streets - 431,328 - 431,328 - - CHESINOVO OBLESHEVO - AF Sub Loan MSIP 59 - 249,745 - 249,745 - - Chesinovo OBleshevo AF - Water supply - 249,745 - 249,745 - - ZRNOVCE - AF Sub Loan MSIP 60 - 146,432 - 146,432 - - Zrnovce AF - Kindergarten and local streets - 146,432 - 146,432 - - DEBRCA - AF Sub Loan MSIP 63 - 50,555 - 50,555 - - Debrca AF - Communal vehicle - 50,555 - 50,555 - - DEMIR HISAR - AF Sub Loan MSIP 62 - 181,488 - 181,488 - - Demir Hisar AF - Cons. of local road - 181,488 - 181,488 - - GEVGELIJA - AF Sub Loan MSIP 61 - 1,364,141 - 1,364,141 - - Gevgelija AF - Water supply system - 1,364,141 - 1,364,141 - - BRVENICA - AF Sub Loan MSIP 64 - 496,788 - 496,788 - - Brvenica AF - School and street (loan for IPA) - 496,788 - 496,788 - - NOVO SELO - AF Sub Loan MSIP 66 - 310,706 - 310,706 - - Novo Selo AF - Administrative building - 310,706 - 310,706 - - GEVGELIJA - AF Sub Loan MSIP 67 - 567,046 - 567,046 - - Gevgelija AF - School construction - 567,046 - 567,046 - - DEBRCA - AF Sub Loan MSIP 68 - 27,484 - 27,484 - - Debrca AF - Vehicles and roads (IPA project) - 27,484 - 27,484 - - ILINDEN - AF Sub Loan MSIP 69 - 478,038 - 478,038 - - Ilinden AF - Reconstruction of road - 478,038 - 478,038 - - DEMIR HISAR - AF Sub Loan MSIP 70 - 220,652 - 220,652 - - Demir Hisar AF - Proc. of mini buses - 220,652 - 220,652 - - ARACINOVO - AF Sub Loan MSIP 74 - 53,882 - 53,882 - - Aracinovo AF - Administrative building - 53,882 - 53,882 - - Other municipalities - Additional financing - - - - - - Other municipalities - Additional financing - - - - - - Sub-total Component A - Additional Financing: 1,184,564 31,245,789 1,184,564 31,245,789 - - Total Component A: MUNICIPAL INVESTMENTS 1,252,552 46,821,244 1,252,552 46,821,244 - - Component B: CAPACITY BUILDING AND INSTITUTIONAL REFORM B.1.TA support to Municipalities and CSE's for Sub-project - 153,500 - 153,500 - - TA preparation of PADs for Municipalities - 93,500 - 93,500 - - WWT study - 60,000 - 60,000 - - B.2.Strengthening Capacity of Municipalities and CSE's to Improve Services - 59,134 - 59,134 - - IBNET consultant - 59,134 - 59,134 - - B.3.TA for LSG Redefinition of block grants - 17,500 - 17,500 - - TA LSG Redefinition of block grants - Local consultant - 17,500 - 17,500 - - Ministry of Finance of the Republic of North Macedonia 10 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative B.4.Project Introduction and Sub-project Implementation Work - 3,621 - 3,621 - - Follow up seminar on Feasibility study preparation (Multiply) - 503 - 503 - - Operation and Maintenance (multiply) - 3,118 - 3,118 - - B.5.TA Review of the Legal, Regulatory and Institutional Framework - 19,883 - 19,883 - - International expert for PDL review - 12,215 - 12,215 - - International expert - Sub-sovereign borrowing workshop - 7,470 - 7,470 - - Sub-sovereign borrowing policy workshop - 198 - 198 - - Sub-total Component B - Original Loan: - 253,638 - 253,638 - - B.1.AF TA to municipalities for project preparation 843,280 1,335,614 843,280 1,335,614 - - AF TA on LSG Local consultant - continuation - 12,049 - 12,049 - - AF TA on LSG International consultant - 20,400 - 20,400 - - AF TA on preparation of tech.designe for roads 837,969 1,294,623 837,969 1,294,623 - - IBNET AF consultant Bojan 2,251 4,292 2,251 4,292 - - IBNET AF consultant Jane 3,060 4,250 3,060 4,250 - - AF TA other consultants - - - - - - Sub-total Component B - Additional Financing: 843,280 1,335,614 843,280 1,335,614 - - Total Component B: CAPACITY BUILDING AND INSTITUTIONAL REFORM 843,280 1,589,252 843,280 1,589,252 - - Component C: PERFORMANCE-BASED INVESTMENT GRANTS KOCANI-Grant agreement MSIP 01 - 60,029 - 60,029 - - Kocani Grant-Street reconstruction (works) - 60,029 - 60,029 - - VEVCANI -Grant agreement MSIP 03 - 19,883 - 19,883 - - Vevcani Grant-Construction of street - 19,883 - 19,883 - - CITY SKOPJE - Grant Agreement MSIP 02 - 148,425 - 148,425 - - Skopje Grant-purchasing of communal vehicles - 148,425 - 148,425 - - VASILEVO -Grant agreement MSIP 04 - 38,343 - 38,343 - - Vasilevo Grant-Construction of street - 38,343 - 38,343 - - MOGILA-Grant Agreement MSIP 05 - 36,162 - 36,162 - - Mogila Grant-Purchasing of communal vehicle - 36,162 - 36,162 - - KRUSEVO-Grant Agreement MSIP 06 - 9,842 - 9,842 - - Krusevo Grant-Street reconstruction - 9,842 - 9,842 - - BOGDANCI-Grant Agreement MSIP 07 - 20,058 - 20,058 - - Bogdanci Grant-School insulation Project - 16,767 - 16,767 - - Bogdanci Grant- School insulation Project 2 con - 3,291 - 3,291 - - BOSILOVO - Grant Agreement MSIP 09 - 27,231 - 27,231 - - Bosilovo Grant- school and street reconstruction - 27,231 - 27,231 - - DOLNENI-Grant Agreement MSIP 11 - 26,682 - 26,682 - - Dolneni Grant-Street reconstruction - 26,682 - 26,682 - - GRADSKO - Grant Agreement MSIP 12 - 17,464 - 17,464 - - Gradsko Grant- Street reconstruction - 17,464 - 17,464 - - PRILEP - Grant Agreement MSIP 14 - 50,268 - 50,268 - - Prilep Grant - Street construction - 50,268 - 50,268 - - ILINDEN - Grant Agreement MSIP 17 - 37,704 - 37,704 - - Ilinden Grant- Equipment for the Cultural House - 37,704 - 37,704 - - GORCE PETROV - Grant Agreement MSIP 13 - 64,648 - 64,648 - - Gorce Petrov Grant- Kindergarten extension - 64,648 - 64,648 - - MOGILA - Grant Agreement MSIP 18 - 3,416 - 3,416 - - Mogila Grant- park fencing - 3,416 - 3,416 - - PEHCEVO - Grant Agreement MSIP 19 - 13,665 - 13,665 - - Pehcevo Grant - Street construction - 13,665 - 13,665 - - NOVACI - Grant Agreement MSIP 24 - 26,149 - 26,149 - - Novaci Grant - Construction of a playground - 26,149 - 26,149 - - Ministry of Finance of the Republic of North Macedonia 11 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative CAIR - Grant Agreement MSIP 29 - 48,505 - 48,505 - - Cair Grant - reconstruction of school - 48,505 - 48,505 - - SKOPJE - Grant Agreement MSIP 32 - 18,142 - 18,142 - - Skopje Grant 2 - ECO Vehicles - 18,142 - 18,142 - - KICEVO-Grant Agreement MSIP 49 61,609 75,964 61,609 75,964 - - Kicevo Grant - Street reconstruction 61,609 75,964 61,609 75,964 - - KISELA VODA - Grant Agreement MSIP53 55,418 62,536 55,418 62,536 - - Kisela Voda Grant - Kindergarten renovation 55,418 62,536 55,418 62,536 - - GAZI BABA – Grant Agreement MSIP58 67,292 67,292 67,292 67,292 - - Gazi Baba Grant – Water supply 67,292 67,292 67,292 67,292 - - VELES – Grant Agreement MSIP 40 50,504 50,504 50,504 50,504 - - Veles Grant – School reconstruction 50,504 50,504 50,504 50,504 - - BUTEL – Grant Agreement MSIP 56 56,472 56,472 56,472 56,472 - - Butel Grant – Communal vehicles 56,472 56,472 56,472 56,472 - - GOSTIVAR – Grant Agreement MSIP 54 42,039 42,039 42,039 42,039 - - Gostivar Grant – Communal vehicles 42,039 42,039 42,039 42,039 - - VASILEVO – 2 Grant MSIP 44 16,290 16,290 16,290 16,290 - - Vasilevo 2 Grant – Street reconstruction 16,290 16,290 16,290 16,290 - - KAVADARCI - Grant Agreement MSIP 35 - 50,313 - 50,313 - - Kavadarci Grant - Street reconstruction - 50,313 - 50,313 - - Other grant municipalities – Original Loan - - - - - - Other grant municipalities – Original Loan - - - - - - Sub-total Compoment C for MSIP OL: 349,624 1,088,026 349,624 1,088,026 - - SHUTO ORIZARI – AF 2 Grant Agreement 13,902 13,902 13,902 13,902 - - Shuto Orizari – 2 grant Playground equipment 13,902 13,902 13,902 13,902 - - KRIVOGASHTANI – AF 2 Grant Agreement 3,788 3,788 3,788 3,788 - - Krivogashtani AF 2 Grant – Waste bins 3,788 3,788 3,788 3,788 - - GOSTIVAR – AF Grant Agreement 26,954 26,954 26,954 26,954 - - Gostivar AF Grant – Communal Vehicles 26,954 26,954 26,954 26,954 - - GORCE PETROV – AF 2 Grant Agreement 11,772 11,772 11,772 11,772 - - Gorce Petrov AF 2 Grant – Communal Vehicles 11,772 11,772 11,772 11,772 - - BEROVO - AF Grant Agreement MSIP 08 - 38,109 - 38,109 - - Berovo AF Grant - street reconstruction - 38,109 - 38,109 - - BOSILOVO - AF Grant Agreement MSIP 10 - 39,914 - 39,914 - - Bosilovo AF Grant - street reconstruction - 39,914 - 39,914 - - PRILEP - AF Grant Agreement MSIP 15 - 73,291 - 73,291 - - Prilep AF Grant - Street construction - 73,291 - 73,291 - - RANKOVCE - AF Grant Agreement MSIP 14 - 27,788 - 27,788 - - Rankovce AF Grant - Communal vehicle - 27,788 - 27,788 - - PEHCEVO - AF Grant Agreement MSIP 20 - 22,199 - 22,199 - - Pehcevo AF Grant - Street construction - 22,199 - 22,199 - - KRIVA PALANKA - AF Grant Agreement MSIP 21 - 42,100 - 42,100 - - Kriva Palanka AF Grant- Regulation of river - 42,100 - 42,100 - - CASKA - AF Grant Agreement MSIP 22 - 53,065 - 53,065 - - Chaska AF Grant - Road reconstruction - 53,065 - 53,065 - - Zelino - AF Grant Agreement MSIP 25 - 22,132 - 22,132 - - Zelino AF Grant - Communal vehicle - 22,132 - 22,132 - - PROBISHTIP - AF Grant Agreement MSIP 23 - 38,926 - 38,926 - - Probishtip AF - Street reconstruction - 38,926 - 38,926 - - PETROVEC -AF Grant Agreement MSIP 27 - 71,606 - 71,606 - - Petrovec AF Grant - Street reconstruction - 71,606 - 71,606 - - KRUSHEVO - AF Grant Agreement MSIP 30 - 16,413 - 16,413 - - Krushevo AF Grant - Vehicle - 16,413 - 16,413 - - VINICA - AF Grant Agreement MSIP 26 - 42,682 - 42,682 - - Vinica AF Grant - Special vehicle - 42,682 - 42,682 - - DEBRCA - AF Grant Agreement MSIP 31 - 10,133 - 10,133 - - Debrca AF Grant - Roads and vehicles - 10,133 - 10,133 - - SKOPJE - AF Grant Agreement MSIP 32 - 209,977 - 209,977 - - Skopje AF Grant - ECO Vehicles continuation - 209,977 - 209,977 - - Ministry of Finance of the Republic of North Macedonia 12 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative ROSOMAN - AF Grant Agreement MSIP 28 - 13,440 - 13,440 - - Rosoman AF Grant - Communal vehicle - 13,440 - 13,440 - - MAKEDONSKA KAMENICA - AF Grant Agreement MSIP 28 - 70,632 - 70,632 - - Makedonska Kamenica AF Grant - Communal vehicle - 70,632 - 70,632 - - KRIVOGASHTANI - AF Grant Agreement MSIP 37 - 34,293 - 34,293 - - Krivogashtani AF Grant - Water supply - 34,293 - 34,293 - - LIPKOVO - AF Grant Agreement MSIP 41 38,301 47,889 38,301 47,889 - - Lipkovo AF Grant - Heating system 38,301 47,889 38,301 47,889 - - KOCANI - AF Grant Agreement MSIP 39 42,798 50,096 42,798 50,096 - - Kocani AF Grant - Street reconstruction 42,798 50,096 42,798 50,096 - - SVETI NIKOLE - AG Grant Agreement MSIP 38 - 77,104 - 77,104 - - Sveti Nikole AF Grant - Communal vehicles - 77,104 - 77,104 - - ILINDEN - AF Grant Agreement MSIP 51 41,291 47,667 41,291 47,667 - - Ilinden AF Grant - Skate park 41,291 47,667 41,291 47,667 - - CESHINOVO OBLESHEVO - AF Grant Agreement MSIP 55 11,576 24,983 11,576 24,983 - - Ceshinovo Obleshevo AF Grant - Vehicles 11,576 24,983 11,576 24,983 - - MAVROVO ROSTUSHE - AF Grant Agreement MSIP 43 - 27,638 - 27,638 - - Mavrovo Rostushe AF Grant - Communal vehicles - 27,638 - 27,638 - - OHRID - AF Grant Agreement MSIP 42 - 103,726 - 103,726 - - Ohrid AF Grant - Communal vehicles - 103,726 - 103,726 - - SOPISHTE - AF Grant Agreement MSIP 62 57,935 64,382 57,935 64,382 - - Sopishte AF Grant - Communal vehicle 57,935 64,382 57,935 64,382 - - DEMIR HISAR - AF 1 Grant Agreement MSIP 45 - 35,925 - 35,925 - - Demir Hisar AF Grant 1 - Communal vehicles - 35,925 - 35,925 - - ZRNOVCE - AF Grant Agreement MSIP 36 - 23,943 - 23,943 - - Zrnovce AF Grant-Communal vehicles - 23,943 - 23,943 - - DOJRAN - AF Grant Agreement MSIP 34 - 25,423 - 25,423 - - Dojran AF Grant-Communal vehicles - 25,423 - 25,423 - - GEVGELIJA – AF Grant Agreement MSIP 50 67,996 67,996 67,996 67,996 - - Gevgelija AF Grant – Water supply 67,996 67,996 67,996 67,996 - - GEVGELIJA - AF Grant Agreement MSIP 53 28,269 28,269 28,269 28,269 - - Gevgelija AF Grant – Storm water supply 28,269 28,269 28,269 28,269 - - GORCE PETROV – AF Grant Agreement 59 62,908 62,908 62,908 62,908 - - Gorce Petrov AF Grant – street reconstruction 62,908 62,908 62,908 62,908 - - DEMIR KAPIJA – AF Grant Agreement 65 43,051 43,051 43,051 43,051 - - Demir Kapija AF Grant – House and culture 43,051 43,051 43,051 43,051 - - KARPOSH – AF Grant Agreement MSIP 64 74,912 74,912 74,912 74,912 - - Karposh AF Grant – Communal vehicle 74,912 74,912 74,912 74,912 - - NOVO SELO- AF Grant Agreement MSIP 61 30,963 30,963 30,963 30,963 - - Novo Selo AF Grant – Communal waste bins 30,963 30,963 30,963 30,963 - - BITOLA – AF Grant Agreement MSIP 60 111,569 111,569 111,569 111,569 - - Bitola AF Grant – Street rec.and com.vehicle 111,569 111,569 111,569 111,569 - - MAKEDONSKI BROD – AF Grant Agreement MSIP 48 50,831 50,831 50,831 50,831 - - Makedonski Brod AF Grant – Communal vehicle 50,831 50,831 50,831 50,831 - - DEMIR HISAR – AF 3 Grant Agreement MSIP 69 7,927 7,927 7,927 7,927 - - Demir Hisar AF 3 Grant – Communal vehicle 7,927 7,927 7,927 7,927 - - DEMIR HISAR – AF 2 Grant Agreement MSIP 67 21,601 21,601 21,601 21,601 - - Demir Hisar AF 2 Grant – Communal vehicle 21,601 21,601 21,601 21,601 - - DEBARCA – AF 2 Grant Agreement MSIP 52 5,479 5,479 5,479 5,479 - - Debarca AF 2 Grant – IT Equipment 5,479 5,479 5,479 5,479 - - RADOVISH – AF Grant Agreement MSIP 66 64,514 64,514 64,514 64,514 - - Radovish AF Grant – Communal vehicle 64,514 64,514 64,514 64,514 - - BRVENICA – AF Grant Agreement MSIP 57 43,150 43,150 43,150 43,150 - - Brvenica AF Grant – Communal vehicle 43,150 43,150 43,150 43,150 - - DELCEVO – AF Grant Agreement MSIP 46 30,180 30,180 30,180 30,180 - - Delcevo AF Grant – Communal vehicle 30,180 30,180 30,180 30,180 - - Ministry of Finance of the Republic of North Macedonia 13 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative KRATOVO – AF Grant Agreement MSIP 68 42,795 42,795 42,795 42,795 - - Kratovo AF Grant – Communal vehicle 42,795 42,795 42,795 42,795 - - SHUTO ORIZARI – AF Grant Agreement MSIP 47 40,178 40,178 40,178 40,178 - - Shuto Orizari AF Grant – Communal waste bins 40,178 40,178 40,178 40,178 - - CENTAR – AF Grant Agreement 45,847 45,847 45,847 45,847 - - Centar AF Grant – Kindergarten equipment 45,847 45,847 45,847 45,847 - - KRUSHEVO – AF 2 Grant Agreement 15,985 15,985 15,985 15,985 - - Krushevo AF 2 Grant – Solid waste containers 15,985 15,985 15,985 15,985 - - KISELA VODA – AF Grant Agreement 37,620 37,620 37,620 37,620 - - Kisela Voda AF Grant – Communal vehicle 37,620 37,620 37,620 37,620 - - Other grant municipalities – Additional financing - - - - - - Other grant municipalities – Additional financing - - - - - - Sub-total Component C - Additional Financing 1,074,092 2,237,667 1,074,092 2,237,667 - - Total Component C: PERFORMANCE GRANTS 1,423,716 3,325,693 1,423,716 3,325,693 Component D: PROJECT MANAGEMENT AND OPERATING COST D.1.Project Management Unit 3,840 474,141 3,840 474,141 - - D.1.1.PMU staff - 349,769 - 349,769 - - Project Director - 18,000 - 18,000 - - Project Director 2 - 66,000 - 66,000 - - FM Specialist - 63,600 - 63,600 - - Procurement Specialist - 7,600 - 7,600 - - Procurement Specialist 2 - 55,364 - 55,364 - - Construction Engineer - 57,953 - 57,953 - - Construction Engineer 2 - 28,355 - 28,355 - - Construction Engineer 3 - 5,000 - 5,000 - - Office Manager/Translator - 7,200 - 7,200 - - Office Manager/Translator-2 - 20,849 - 20,849 - - Administrative assistant - 19,848 - 19,848 - - D.1.2. Part-time personnel 3,840 124,372 3,840 124,372 - - Performance Grant Compliance Consultant Jasminka - 9,400 - 9,400 - - Performance Grant Compliance Consultant Goce - 11,900 - 11,900 - - Monitoring and Evaluation consultant 3,840 16,320 3,840 16,320 - - Independent Specialist Performance Grant Compliance - 13,716 - 13,716 - - Safeguards Specialist (Environmental) - 73,036 - 73,036 - - Other Specialists - - - - - - D.2.Project Financial Audit - 37,998 - 37,998 - - Project Financial Audit - 37,998 - 37,998 - - D.3.Other costs 584 183,141 584 183,141 - - Other Operating Costs 57 95,750 57 95,750 - - Training for the PIU staff 527 22,331 527 22,331 - - Furniture - 6,234 - 6,234 - - IT equipment - 7,427 - 7,427 - - IT equipment (multiply 16) - 327 - 327 - - IT equipment (multiply 17) - 2,882 - 2,882 - - Vehicle - 41,930 - 41,930 - - FM software - 6,260 - 6,260 - - Operating costs (Goods) - - - - - - Sub-total Component D - Original Loan: 4,424 695,280 4,424 695,280 - - D.4. AF Project Management Unit D.4.1. AF PMU staff 132,714 1,036,464 132,714 1,036,464 - - AF FM Specialist 11,100 119,208 11,100 119,208 - - AF Procurement specialist 10,500 113,691 10,500 113,691 - - AF Construction Coordinator 10,500 114,543 10,500 114,543 - - AF Communication Analyst VG 4,200 4,200 4,200 4,200 - - AF Construction Engineer JZB 8,574 94,243 8,574 94,243 - - AF Construction Engineer GT 8,574 94,314 8,574 94,314 - - Ministry of Finance of the Republic of North Macedonia 14 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 7699-MK and Loan number 8158-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative AF Construction Engineer JT 8,574 80,738 8,574 80,738 - - AF Office Manager/Translator 6,000 66,000 6,000 66,000 - - AF Procurement assistant 6,600 20,376 6,600 20,376 - - AF Administrative/Operative Assistant 6,000 66,000 6,000 66,000 - - AF FM assistant - 45,415 - 45,415 - - AF Lead Project Coordinator 12,000 53,572 12,000 53,572 - - AF Construction Engineer JK - 23,613 - 23,613 - - AF Environment expert 8,874 24,586 8,874 24,586 - - AF Construction Engineer BM 4,287 31,472 4,287 31,472 - - AF FM assistant 2 6,600 17,286 6,600 17,286 - - AF Construction Engineer RL 8,574 21,435 8,574 21,435 - - AF Construction Engineer FM 8,574 21,435 8,574 21,435 - - AF Economy and Procurement Associate TS 3,183 3,183 3,183 3,183 - - AF Project Director - 21,154 - 21,154 - - D.5.AF Project Audit - 15,644 - 15,644 - - Audit extension - 15,644 - 15,644 - - D.6. AF Other costs 10,498 27,024 10,498 27,024 - - Other AF operating cost (without contracts) 10,498 26,665 10,498 26,665 - - Operating costs AF (CS, Training and goods) - 359 - 359 - - Sub-total Component D - Additional Financing: 143,212 1,079,132 143,212 1,079,132 - - Total Component D: PROJECT MANAGEMENT AND OPERATING COST 147,636 1,774,412 147,636 1,774,412 - - Front- end fee - Original Loan - 47,250 - 47,250 - - Front-end fee - Additional Financing - 93,000 - 93,000 - - Total Project Expenditures by Activity 3,667,184 53,650,851 3,667,184 53,650,851 - - Ministry of Finance of the Republic of North Macedonia 15 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 8561-MK (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative Component A: Municipal Investments Centar Zupa sub-loan no.01 - 315,405 - 315,405 - - Centar Zupa - Construction of local road - 315,405 - 315,405 - - Zelino sub-loan no.02 - 498,080 - 498,080 - - Zelino - Construction of local road and school reconstruction - 498,080 - 498,080 - - Studenicani sub-loan no.03 - 276,882 - 276,882 - - Studenicani - Construction of local street - 276,882 - 276,882 - - Kisela Voda sub-loan no.04 556,659 1,036,616 1,020,132 1,788,618 463,473 752,002 Kisela Voda - Storm water network const. 319,916 799,873 31,387 799,873 (288,529) - Kisela Voda – Additional streets 236,743 236,743 988,745 988,745 752,002 752,002 Kavadarci sub-loan no.05 441,691 1,043,423 443,423 1,043,423 1,732 - Kavadarci - Construction of local streets 265,512 867,244 267,244 867,244 1,732 - Kavadarci – Remaining sub-loan funds 176,179 176,179 176,179 176,179 - - Resen sub-loan no.06 244,579 481,942 - 481,942 (244,579) - Resen - Construction of local streets 244,579 481,942 - 481,942 (244,579) - Krivogashtani sub-loan no.07 - 43,471 - 43,471 - - Krivogashtani - Street lighting - 43,471 - 43,471 - - Gazi Baba sub-loan no.08 393,116 393,116 470,731 1,170,731 77,615 777,615 Gazi Baba - Construction of sewerage system 393,116 393,116 470,731 1,170,731 77,615 777,615 Pehcevo sub-loan no.09 96,108 96,108 95,930 95,930 (178) (178) Pehcevo – Street reconstruction 96,108 96,108 95,930 95,930 (178) (178) Vrapciste sub-loan no.10 375,716 375,716 497,800 497,800 122,084 122,084 Vrapciste – Water supply 375,716 375,716 497,800 497,800 122,084 122,084 Delcevo sub-loan no.11 359,830 359,830 524,427 524,427 164,597 164,597 Delcevo – Street reconstruction 359,830 359,830 524,427 524,427 164,597 164,597 Kriva Palanka sub-loan no.12 - - - 422,764 - 422,764 Kriva Palanka – River regulation - - - 422,764 - 422,764 Cucer Sandevo sub-loan no.13 748,243 748,243 748,243 748,243 - - Cucer Sandevo – Reconstruction of road 748,243 748,243 748,243 748,243 - - Tetovo sub-loan no.14 BATO 823,537 823,537 986,031 986,031 162,494 162,494 Tetovo – Street construction 823,537 823,537 986,031 986,031 162,494 162,494 Bogovinje sub-loan no.15 177,709 177,709 401,342 401,342 223,633 223,633 Bogovinje – Procurement of communal vehicles 177,709 177,709 401,342 401,342 223,633 223,633 Kocani sub-loan no.16 362,139 362,139 714,428 714,428 352,289 352,289 Kocani – Street reconstruction 362,139 362,139 714,428 714,428 352,289 352,289 Lipkovo sub-loan no.17 49,266 49,266 - 227,570 (49,266) 178,304 Lipkovo – River regulation 49,266 49,266 - 227,570 (49,266) 178,304 Ministry of Finance of the Republic of North Macedonia 16 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 8561-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative Dolneni sub-loan no.19 171,265 171,265 370,326 370,326 199,061 199,061 Dolneni – Street reconstruction 171,265 171,265 370,326 370,326 199,061 199,061 Mavrovo Rostushe sub-loan no.20 213,249 213,249 213,249 213,249 - - Mavrovo Rostushe – Road reconstruction 213,249 213,249 213,249 213,249 - - Saraj sub-loan no.21 191,564 191,564 217,200 217,200 25,636 25,636 Saraj – Extension of administrative building 191,564 191,564 217,200 217,200 25,636 25,636 Strumica sub-loan no.22 827,442 827,442 600,000 1,489,436 (227,442) 661,994 Strumica – Water meters and Gas network 827,442 827,442 600,000 1,489,436 (227,442) 661,994 Novaci sub-loan no.18 276,329 276,329 276,329 276,329 - - Novaci – Procurement of communal vehicles 276,329 276,329 276,329 276,329 - - Konce sub-loan no.23 85,486 85,486 85,486 85,486 - - Konce – Street lighting 85,486 85,486 85,486 85,486 - - Tetovo sub-loan no.24 BUS - - - 1,180,000 - 1,180,000 Tetovo – Procurement of communal vehicles - - - 1,180,000 - 1,180,800 Mogila sub-loan no.25 107,382 107,382 107,382 107,382 - - Mogila – House of Culture 107,382 107,382 107,382 107,382 - - Kumanovo sub-loan no.26 - - - 1,036,662 - 1,036,662 Kumanovo – Procurement of communal vehicles - - - 1,036,662 - 1,036,662 Other sub-loan municipalities - - - 4,196,843 - 4,196,843 Other sub-loan municipalities - - - 4,196,843 - 4,196,843 Total Component A - Municipal Investments 6,501,310 8,954,200 7,772,459 19,410,000 1,270,991 10,455,800 Component B: Poverty and Social Inclusion Investment Grants Centar Zupa Grant no.01 83,872 83,872 84,732 84,732 860 860 Centar Zupa Grant – Street construction 83,872 83,872 84,732 84,732 860 860 Kavadarci Grant no. 02 145,183 145,183 222,883 222,883 77,700 77,700 Kavadarci Grant – Street construction 145,183 145,183 222,883 222,883 77,700 77,700 Resen Grant no. 03 10,333 10,333 96,053 96,053 85,720 85,720 Resen Grant – School reconstruction 10,333 10,333 96,053 96,053 85,720 85,720 Krivogashtani Grant no. 04 8,881 8,881 12,394 12,394 3,513 3,513 Krivogashtani Grant – Waste containers 8,881 8,881 12,394 12,394 3,513 3,513 Studenicani Grant no. 05 71,232 71,232 71,232 71,232 - - Studenicani Grant – Street reconstruction 71,232 71,232 71,232 71,232 - - Zelino Grant no. 06 47,839 47,839 20,000 108,097 (27,839) 60,258 Zelino Grant – Construction of schools 47,839 47,839 20,000 108,097 (27,839) 60,258 Kocani Grant no. 07 23,606 23,606 52,599 172,599 28,993 148,993 Kocani Grant – Construction of streets 23,606 23,606 52,599 172,599 28,993 148,993 Cucer Sandevo Grant no. 08 156,658 156,658 156,658 156,658 - - Cucer Sandevo Grant – Street construction 156,658 156,658 156,658 156,658 - - Kisela Voda Grant no. 09 20,921 20,921 60,000 207,491 39,079 186,570 Kisela Voda Grant – Reconstruction of street 20,921 20,921 60,000 207,491 39,079 186,570 Vrapciste Grant no. 10 - - - 134,406 - 134,406 Vrapciste Grant – Reconstruction of street - - - 134,406 - 134,406 Mogila Grant no. 11 - - - 28,950 - 28,950 Mogila Grant – Purchasing of communal vehicle - - - 28,950 - 28,950 Dolneni Grant no. 12 - - 78,780 78,780 78,780 78,780 Dolneni Grant - Purchasing of communal vehicle - - 78,780 78,780 78,780 78,780 Novaci Grant no. 13 - - - 74,998 - 74,998 Novaci Grant - Purchasing of communal vehicle - - - 74,998 - 74,998 Konce Grant no. 14 - - - 20,504 - 20,504 Konce Grant - Purchasing of communal vehicle - - - 20,504 - 20,504 Delcevo Grant no. 15 - - - 116,940 - 116,940 Delcevo Grant – Purchasing of PP vehicle - - - 116,940 - 116,940 Mavrovo Rostushe Grant no. 16 - - - 50,470 - 50,470 Mavrovo Rostushe Grant – Street reconstruction - - - 50,470 - 50,470 Other grant municipalities - - - 3,060,313 - 3,060,313 Other grant municipalities - - - 3,060,313 - 3,060,313 Total Component B - Poverty and Social Inclusion Investment Grants 568,525 568,525 855,331 4,697,500 286,806 4,128,975 Ministry of Finance of the Republic of North Macedonia 17 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Uses of Funds by Project Activity - Loan number 8561-MK (continued) (Amounts in EUR) For the period from 1 January 2020 through 31 December 2020 Actual Budget Variance Year Cumulative Year Cumulative Year Cumulative Component C: Project Management, Capacity Building, Monitoring and Evaluation Capacity building of participating municipalities 23,234 87,673 17,000 123,000 (6,234) 35,327 UA consultant 6,200 13,400 13,000 30,000 6,800 16,600 IBNET consultant Bojan 680 680 2,000 6,500 1,320 5,820 PADs Preparation 16,354 73,593 - 80,000 (16,354) 6,407 IBNET consultant Jane - - 2,000 6,500 2,000 6,500 Project management, Monitoring and Evaluation 120,527 120,537 159,600 707,000 39,073 586,463 Lead Project Coordinator 10,000 10,000 15,500 43,500 5,500 33,500 FM Specialist 9,250 9,250 15,000 40,300 5,750 31,050 FM Assistant 5,500 5,500 6,600 24,000 1,100 18,500 Procurement and Legal Coordinator 8,732 8,732 10,500 38,100 1,768 29,368 Procurement Assistant 5,500 5,500 6,600 24,000 1,100 18,500 Construction Coordinator 8,750 8,750 10,500 38,100 1,750 29,350 Construction Engineer JZB 7,145 7,145 8,600 31,100 1,455 23,955 Construction Engineer GT 7,145 7,145 8,600 31,100 1,455 23,955 Construction Engineer JTJ 7,145 7,145 8,600 31,100 1,455 23,955 Construction Engineer BM 3,572 3,572 4,400 31,100 828 27,528 Construction Engineer RL 7,131 7,131 8,600 31,100 1,469 23,969 Construction Engineer FM 7,131 7,131 8,600 31,100 1,469 23,969 Enviromental specialist 7,395 7,395 9,000 32,600 1,605 25,205 Office Manager/Transaltor 5,000 5,000 6,000 21,750 1,000 16,750 Administrative/Operative Assistant 4,980 4,980 6,000 21,750 1,020 16,750 Economy and Procurement Associate TS 3,500 3,500 4,200 15,300 700 11,800 Communication Analyst VG 3,500 3,500 4,200 15,300 700 11,800 Audit 3,772 3,772 8,000 20,000 4,228 16,228 Operating costs 5,279 5,289 10,000 50,000 4,721 44,711 Training for MSIP staff 100 100 100 100 - - Other SC, TR, G - - - 135,600 - 135,600 Total Component C - Project Management, Capacity Building, Monitoring and Evaluation 143,761 208,210 176,600 830,000 32,839 621,790 Front-end fee – Original Loan - 62,500 - 62,500 - - Total Project Expenditure 7,213,596 9,793,435 8,804,390 25,000,000 1,590,794 15,206,565 Ministry of Finance of the Republic of North Macedonia 18 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity - Loan number 7699-MK and Loan number 8158-MK Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD Component A: MUNICIPAL INVESTMENTS KOCANI-Sub Loan MSIP 01 600,000 600,000 600,000 - - - 36,764,398 36,741,705 - - Kocani-Reconstruction of water system (works) 577,034 577,034 577,034 ICB 35,335,224 MKD 35,335,224 MKD 35,335,224 35,335,224 - - Kocani-Supervision of reconstruction (CS) 22,966 22,966 22,966 CQ 22,965.63 EUR 22,965.63 EUR 1,429,174 1,406,481 - - BOGDANCI-Sub Loan MSIP 02 100,492 100,492 100,492 - - - 6,150,000 6,150,000 - - Bogdanci-Street Lighting 87,341 87,341 87,341 NCB 5,345,017.5 MKD 5,345,017.5 MKD 5,345,018 5,345,018 - - Bogdanci-Street lighting (savings) 13,151 13,151 13,151 NCB 804,982.5 MKD 804,982.5 MKD 804,982 804,982 - - CITY OF SKOPJE-Sub Loan MSIP 03 2,974,822 2,974,822 2,974,822 - - - 182,232,451 182,232,451 - - Skopje-Vehicles for solid waste 1,798,300 1,798,300 1,798,300 ICB 1,798,300 EUR 1,798,300 EUR 110,207,127 110,207,127 - - Skopje-Wastebins for public hygiene 748,800 748,800 748,800 NCB 748,800 EUR 748,800 EUR 45,838,024 45,838,024 - - Skopje (VAT) 427,722 427,722 427,722 NA 427,721.83 EUR 427,721.83 EUR 26,187,300 26,187,300 - - ILINDEN-Sub Loan MSIP 04/1 230,486 230,486 230,486 - - - 14,108,696 14,108,696 - - Ilinden-Geotermal pumps 230,486 230,486 230,486 NCB 14,108,696 MKD 14,108,696 MKD 14,108,696 14,108,696 - - ILINDEN-Sub Loan MSIP 04/2 146,430 146,430 146,430 - - - 8,961,938 8,961,938 - - Ilinden-Geotermal pumps House of Culture 146,430 146,430 146,430 NCB 8,961,938 MKD 8,961,938 MKD 8,961,938 8,961,938 - - KISELA VODA-Sub Loan MSIP 05/1 910,378 910,378 910,378 - - - 55,729,064 55,729,062 - - Ministry of Finance of the Republic of North Macedonia 19 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD Kisela Voda-Storm water system-11 October 680,744 680,744 680,744 ICB 41,674,782 MKD 41,674,782.5 MKD 41,674,783 41,674,782 - - Kisela Voda-Storm water system- Mariovska 229,634 229,634 229,634 ICB 14,054,280.5 MKD 14,054,280.5 MKD 14,054,281 14,054,280 - - KISELA VODA-Sub Loan MSIP 05/2 638,379 638,379 638,379 - - - 39,085,146 39,085,146 - - KiselaVoda-Water supply network 638,379 638,379 638,379 NCB 39,085,146 MKD 39,085,146 MKD 39,085,146 39,085,146 - - Stip-Rehabil. of central city square 278,445 278,445 278,445 NCB 17,053,272.5 MKD 17,053,272.5 MKD 17,053,273 17,053,273 - - Stip-Rehabil. of river banks and parking lots 271,679 271,679 271,679 ICB 271,678.85 EUR 271,678.85 EUR 16,632,574 16,632,574 - - Stip-Returned funds due to termination of SLA (550,124) (550,124) (550,124) NA (550,124.32) EUR (550,124.32) EUR (33,685,847) (33,685,847) - - PEHCEVO-Sub Loan MSIP 07 68,551 68,551 68,551 - - - 4,195,000 4,195,000 - - Pehcevo-Vehicle for disposal of solid waste 68,551 68,551 68,551 NCB 4,195,000 MKD 4,195,000 MKD 4,195,000 4,195,000 - - VELES-Sub Loan MSIP 08/1 685,549 685,549 685,549 - - - 41,999,428 41,999,428 - - Veles-water supply to Mladost lake 685,549 685,549 685,549 NCB 41,999,428 MKD 41,999,427.5 MKD 41,999,428 41,999,428 - - VELES-Sub Loan MSIP 08/2 323,213 323,213 323,213 - - - 19,809,656 19,809,656 - - Veles-street lighting 323,213 323,213 323,213 NCB 19,809,656 MKD 19,809,656 MKD 19,809,656 19,809,656 - - VEVCANI-Sub Loan MSIP 09 99,686 99,686 99,686 - - - 6,100,000 6,100,000 - - Vevcani-Vehicle for disposal of waste and backhoe 99,686 99,686 99,686 NCB 6,100,000 MKD 6,100,000 MKD 6,100,000 6,100,000 - - GOSTIVAR-Sub Loan MSIP 19 842,675 842,675 842,675 - - - 51,611,969 51,611,969 - - Gostivar-basic equipment for public hygiene 458,000 458,000 458,000 ICB 458,000 EUR 458,000 EUR 28,028,835 28,028,835 - - Gostivar-Street lighting 341,973 341,973 341,973 NCB 20,963,883 MKD 20,963,883 MKD 20,963,883 20,963,883 - - Gostivar-VAT 42,702 42,702 42,702 NA 2,619,251 MKD 2,619,251 MKD 2,619,251 2,619,251 - - KICEVO-Sub Loan MSIP 11 759,997 759,997 759,997 - - - 46,590,158 46,590,157 - - Kicevo-Vehicles for disposal of solid waste 201,434 201,434 201,434 ICB 12,327,883 MKD 12,327,883 MKD 12,327,883 12,327,883 - - Kicevo-Street Reconstruction 448,947 448,947 448,947 NCB 27,536,274.5 MKD 27,536,274.5 MKD 27,536,275 27,536,274 - - Kicevo - Procurement of solid waste vehicle 2 containers 109,616 109,616 109,616 NCB 6,726,000 MKD 6,726,000 MKD 6,726,000 6,726,000 - - KAVADARCI-Sub Loan MSIP 53 502,921 502,921 502,921 - - - 30,784,120 30,784,120 - - Kavadarci - School Reconstruction 502,921 502,921 502,921 NCB 30,784,120 MKD 30,784,120 MKD 30,784,120 30,784,120 - - NOVACI-Sub Loan MSIP 12 130,710 130,710 130,710 - - - 7,999,998 7,999,998 - - Novaci-Street Lighting 130,710 130,710 130,710 NCB 8,000,000 MKD 7,999,998.5 MKD 7,999,998 7,999,998 - - CAIR-Sub Loan MSIP 21 484,523 484,523 484,523 - - - 29,678,833 29,678,833 - - Cair-School/Kindergarten Insulation Project 484,523 484,523 484,523 NCB 29,678,833 MKD 29,678,833 MKD 29,678,833 29,678,833 - - Ministry of Finance of the Republic of North Macedonia 20 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD GORCE PETROV-Sub Loan MSIP 14 1,291,416 1,291,416 1,291,416 - - - 79,136,435 79,136,435 - - Gorce Petrov-Streets reconstruction/rehabilitation 1,291,416 1,291,416 1,291,416 ICB 79,136,435 MKD 79,136,435 MKD 79,136,435 79,136,435 - - DOLNENI-Sub Loan MSIP 13 266,778 266,778 266,778 - - - 16,345,302 16,345,302 - - Dolneni-Street reconstruction 266,778 266,778 266,778 NCB 16,345,302 MKD 16,345,302 MKD 16,345,302 16,345,302 - - GRADSKO-Sub Loan MSIP 15 99,498 99,498 99,498 - - - 6,089,980 6,089,980 - - Gradsko-Vehicles for solid waste 77,097 77,097 77,097 NCB 4,718,820 MKD 4,718,820 MKD 4,718,820 4,718,820 - - Gradsko-Bins for solid waste 22,401 22,401 22,401 SH 1,371,160 MKD 1,371,160 MKD 1,371,160 1,371,160 - - KRUSEVO-Sub Loan MSIP 10 49,218 49,218 49,218 - - - 3,011,655 3,011,655 - - Krusevo-Vehicle for disposal of solid waste 49,218 49,218 49,218 NCB 3,011,655 MKD 3,011,655 MKD 3,011,655 3,011,655 - - MOGILA-Sub Loan MSIP 18 180,856 180,856 180,856 - - - 11,073,076 11,073,076 - - Mogila-Reconstruction of municipal building 180,856 180,856 180,856 NCB 11,073,076 MKD 11,073,076 MKD 11,073,076 11,073,076 - - VASILEVO-Sub Loan MSIP 16 383,578 383,578 383,578 - - - 23,493,724 23,493,724 - - Vasilevo-Water supply to Canaklija 383,578 383,578 383,578 NCB 23,493,724 MKD 23,493,724 MKD 23,493,724 23,493,724 - - BOSILEVO-Sub Loan MSIP 17 136,507 136,507 136,507 - - - 8,357,469 8,357,469 - - Bosilovo-Constr. of bridge 136,507 136,507 136,507 NCB 8,357,469 MKD 8,357,469 MKD 8,357,469 8,357,469 - - PRILEP-Sub Loan MSIP 20 501,619 501,619 501,619 - - - 30,754,250 30,754,250 - - Prilep - Street reconstruction 501,619 501,619 501,619 NCB 30,754,250.5 MKD 30,754,250.5 MKD 30,754,250 30,754,250 - - GAZI BABA-Sub Loan MSIP 28 1,346,650 1,346,650 1,346,650 - - - 82,536,842 82,535,034 - - Gazi Baba -Construction of school 1,238,052 1,238,052 1,238,052 ICB 75,880,974 MKD 75,880,974 MKD 75,880,974 75,880,974 - - Gazi Baba-fence 35,661 35,661 35,661 SH 2,188,900 MKD 2,188,900 MKD 2,188,900 2,188,900 - - Gazi Baba - audio equipement 5,969 5,969 5,969 NCB 365,280 MKD 365,280 MKD 367,088 365,280 - - Gazi Baba - furniture 66,968 66,968 66,968 NCB 4,099,880 MKD 4,099,880 MKD 4,099,880 4,099,880 - - MOGILA-Sub Loan MSIP 18-2 34,161 34,161 34,161 - - - 2,092,055 2,092,055 - - Mogila - Purchasing of backhoe 34,161 34,161 34,161 NCB 2,092,055 MKD 2,092,055 MKD 2,092,055 2,092,055 - - BUTEL-Sub Loan MSIP 34 1,193,010 1,193,010 1,193,010 - - - 73,154,026 73,154,026 - - Butel - School construction 1,193,010 1,193,010 1,193,010 ICB 73,154,026 MKD 73,154,026 MKD 73,154,026 73,154,026 - - CITY OF SKOPJE-Sub Loan MSIP 03-2 362,050 362,050 362,050 - - - 22,201,500 22,201,500 - - Skopje - Equipment for public greenery 362,050 362,050 362,050 NCB 22,201,500 MKD 22,201,500 MKD 22,201,500 22,201,500 - - VASILEVO-Sub Loan MSIP 65 163,314 163,314 163,314 - - - 10,000,000 10,000,000 - - Vasilevo-Street construction Piperevo 163,314 163,314 163,314 NCB 10,000,000 MKD 10,000,000 MKD 10,000,000 10,000,000 - - VASILEVO-3 Sub Loan MSIP 80 67,988 67,988 67,988 4,173,533 4,173,533 - - Vasilevo 3 subloan – Equipment for public greenery 67,988 67,988 67,988 NCB 4173533 MKD 4173533 MKD 4,173,533 4,173,533 - - Ministry of Finance of the Republic of North Macedonia 21 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD DEMIR HISAR - AF Subloan MSIP 70-1 88,719 88,719 88,719 - - - 5,430,774 5,430,774 - - Demir Hisar AF - Street reconstruction 3 subloan 88,719 88,719 88,719 NCB 5,430,774 MKD 5,430,774 MKD 5,430,774 5,430,774 - - SHUTO ORIZARI - AF Subloan MSIP 72 139,206 139,206 139,206 - - - 8,535,883 8,535,883 - - Shuto Orizari AF - Street reconstruction 139,206 139,206 139,206 NCB 8,535,883 MKD 8,535,883 MKD 8,535,883 8,535,883 - - CENTAR - AF Subloan MSIP 73 564,483 564,483 564,483 - - - 34,595,467 34,595,467 - - Centar AF - Water supply and kindergarten projects 564,483 564,483 564,483 NCB 34,595,467 MKD 34,595,467 MKD 34,595,467 34,595,467 - - KISELA VODA - AF Subloan MSIP 71 376,446 376,446 376,446 - - - 23,093,920 23,093,920 - - Kisela Voda AF -Storm water system-Sasa 376,446 376,446 376,446 NCB 23093920 MKD 23093920 MKD 23,093,920 23,093,920 - - GORCE PETROV AF 2 Sub-loan MSIP 75 235,693 235,693 235,693 - - - 14,452,500 14,452,500 - - Gorce Petrov AF 2 subloan-Street reconstruc 235,693 235,693 235,693 NCB 14452500 MKD 14452500 MKD 14,452,500 14,452,500 - - KRIVOGASHTANI – AF 2 Sub- loan MSIP 79 37,893 37,893 37,893 - - - 2,325,400 2,325,400 - - Krivogashtani AF 2 subloan – communal vehicles 37,893 37,893 37,893 NCB 2325400-MKD 2325400-MKD 2,325,400 2,325,400 - - KRUSHEVO – AF 2 Sub-loan MSIP 78 79,973 79,973 79,973 - - - 7,909,222 7,909,222 - - Krusevo-2 AF Sub-loan vehicle for solid waste 79,973 79,973 79,973 NCB 4909222 MKD 4909222 MKD 7,909,222 7,909,222 - - GOSTIVAR – AF Sub-loan MSIP 81 134,747 134,747 134,747 - - - 8,271,624 8,271,624 - - Gostivar AF – Kindergarten equipment 134,747 134,747 134,747 NCB 8271624 MKD 8271624 MKD 8,271,624 8,271,624 - - BEROVO-AF Subloan MSIP 22 381,637 381,637 381,637 - - - 23,374,144 23,374,144 - - Berovo AF-Street reconstruction 381,637 381,637 381,637 NCB 23,374,144 MKD 23,374,144 MKD 23,374,144 23,374,144 - - VINICA-AF Subloan MSIP 24-1 141,897 141,897 141,897 - - - 8,708,400 8,708,400 - - Vinica AF-Purchasing of communal vehicles 141,897 141,897 141,897 NCB 8,708,400 MKD 8,708,400 MKD 8,708,400 8,708,400 - - KRIVA PALANKA-AF Subloan MSIP 25 841,117 841,117 841,117 - - - 51,550,539 51,550,539 - - Kriva Palanka AF-Procurement of communal vehicles 172,171 172,171 172,171 NCB 10,567,362 MKD 10,567,362 MKD 10,567,362 10,567,362 - - Kriva Palanka AF-Streets reconstruction 668,946 668,946 668,946 NCB 40,983,177 MKD 40,983,177 MKD 40,983,177 40,983,177 - - Ministry of Finance of the Republic of North Macedonia 22 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD MAVROVO ROSTUSHE-AF Subloan MSIP 23-1 199,227 199,227 199,227 - - - 12,203,575 12,203,575 - - Mavrovo Rostushe AF-Street reconstruction 199,227 199,227 199,227 NCB 12,203,575 MKD 12,203,575 MKD 12,203,575 12,203,575 - - RANKOVCE-AF Subloan MSIP27 277,963 277,963 277,963 - - - 17,042,511 17,042,511 - - Rankovce AF-Street reconstruction 277,963 277,963 277,963 NCB 17,042,511 MKD 17,042,511 MKD 17,042,511 17,042,511 - - BOSILOVO-AF Subloan MSIP 26 400,087 400,087 400,087 - - - 24,499,519 24,499,519 - - Bosilovo AF-Street reconstruction 400,087 400,087 400,087 NCB 24,499,519 MKD 24,499,519 MKD 24,499,519 24,499,519 - - PETROVEC-AF Subloan MSIP 30 1,429,451 1,429,451 1,429,451 - - - 87,627,773 87,627,773 - - Petrovec AF-Construction of primary school 1,429,451 1,429,451 1,429,451 ICB 87,627,773 MKD 87,627,773 MKD 87,627,773 87,627,773 - - PRILEP-AF Subloan MSIP 29 774,232 774,232 774,232 - - - 47,497,381 47,497,381 - - Prilep AF-Street reconstruction 774,232 774,232 774,232 NCB 47,497,381 MKD 47,497,381 MKD 47,497,381 47,497,381 - - VINICA-AF Subloan MSIP 24-2 711,627 711,627 711,627 - - - 43,606,046 43,606,046 - - Vinica AF-Street reconstruction 711,627 711,627 711,627 NCB 43,606,046 MKD 43,606,046 MKD 43,606,046 43,606,046 - - CASHKA-AF Subloan MSIP 31 531,266 531,266 531,266 - - - 32,578,904 32,578,904 - - Cashka AF-Street reconstruction 531,266 531,266 531,266 NCB 32,578,904 MKD 32,578,904 MKD 32,578,904 32,578,904 - - PROBISHTIP-AF Subloan MSIP 32 460,720 460,720 460,720 - - - 28,233,730 28,233,730 - - Probishtip AF-Street reconstruction 408,645 408,645 408,645 NCB 25,036,908 MKD 25,036,908 MKD 25,036,908 25,036,908 - - Probishtip- AF Street reconstruction contract 2 52,075 52,075 52,075 SH 3,196,822 MKD 3,196,822 MKD 3,196,822 3,196,822 - - PEHCEVO-AF Subloan MSIP 33 111,125 111,125 111,125 - - - 6,814,777 6,814,777 - - Pehcevo AF-Street reconstruction 111,125 111,125 111,125 NCB 6,814,777 MKD 6,814,777 MKD 6,814,777 6,814,777 - - MAVROVO ROSTUSHE-AF Subloan MSIP 23-2 104,731 104,731 104,731 - - - 6,426,420 6,426,420 - - Mavrovo Rostushe AF - Street lighting 104,731 104,731 104,731 NCB 6,426,420 MKD 6,426,420 MKD 6,426,420 6,426,420 - - KRUSHEVO-AF Subloan MSIP 35 83,565 83,565 83,565 - - - 5,129,388 5,129,388 - - Krushevo AF - Water supply 83,565 83,565 83,565 NCB 5,129,388 MKD 5,129,388 MKD 5,129,388 5,129,388 - - DOJRAN-AF Subloan MSIP36 130,586 130,586 130,586 - - - 7,997,000 7,997,000 - - Dojran AF-Communal vehicles 130,586 130,586 130,586 NCB 7,997,000 MKD 7,997,000 MKD 7,997,000 7,997,000 - - OHRID-AF Subloan MSIP 37 2,071,451 2,071,451 2,071,451 - - - 127,053,724 127,053,724 - - Ohrid AF-Street reconstruction 1,314,194 1,314,194 1,314,194 ICB 80,631,634 MKD 80,631,634 MKD 80,631,634 80,631,634 - - Ohrid AF - communal vehicles 306,328 306,328 306,328 ICB 306,328 EUR 306,328 EUR 18,804,404 18,804,404 - - Ohrid AF - additional comunal vehicles 450,929 450,929 450,929 NCB 27,617,686 MKD 27,617,686 MKD 27,617,686 27,617,686 - - KARPOSH - AF Subloan MSIP 38 746,809 746,809 746,809 - - - 45,798,638 45,798,638 - - Karposh AF - Street Reconstruction 574,803 574,803 574,803 NCB 35,271,129 MKD 35,271,129 MKD 35,271,129 35,271,129 - - Karposh AF-Additional streets reconstruction 172,006 172,006 172,006 NCB 10,527,509 MKD 10,527,509 MKD 10,527,509 10,527,509 - - Ministry of Finance of the Republic of North Macedonia 23 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD SHUTO ORIZARI - AF Subloan MSIP 39 455,978 455,978 455,978 - - - 279,775,005 27,977,508 - - Shuto Orizari AF - water supply Suto Orizari 455,978 455,978 455,978 ICB 27,977,508 MKD 27,977,508 MKD 279,775,005 27,977,508 - - CITY SKOPJE -AF Subloan MSIP 40 1,713,020 1,713,020 1,713,020 - - - 105,040,053 105,040,053 - - Skopje AF - water supply Suto Orizari 1,713,020 1,713,020 1,713,020 ICB 105,040,053 MKD 105,040,053 MKD 105,040,053 105,040,053 - - ZELINO - AF Subloan MSIP 41 220,634 220,634 220,634 - - - 13,539,440 13,539,440 - - Zelino AF-Storm water and street reconstruction 220,634 220,634 220,634 NCB 13,539,440 MKD 13,539,440 MKD 13,539,440 13,539,440 - - ROSOMAN - AF Subloan MSIP 42 69,723 69,723 69,723 - - - 4,277,115 4,277,115 - - Rosoman AF-water reservoir 69,723 69,723 69,723 NCB 4,277,115 MKD 4277115-MKD 4,277,115 4,277,115 - - KOCANI - AF Subloan MSIP 43 1,002,801 1,002,801 1,002,801 - - - 61,474,868 61,474,868 - - Kocani AF - Streets Reconstruction 932,510 932,510 932,510 ICB 57,174,358 MKD 57,174,358 MKD 57,174,358 57,174,358 - - Kocani AF - 2 add streets cons. 70,290 70,290 70,290 NCB 4,300,510 MKD 4,300,510 MKD 4,300,510 4,300,510 - - GORCE PETROV - AF Subloan MSIP 44 1,260,119 1,260,119 1,260,119 - - - 77,187,860 77,187,860 - - Gorce Petrov AF-Streets reconstruction 782,954 782,954 782,954 ICB 47,987,454 MKD 47,987,454 MKD 47,987,454 47,987,454 - - Gorce Petrov AF - 4 additional streets cons 477,165 477,165 477,165 NCB 29,200,406 MKD 29,200,406 MKD 29,200,406 29,200,406 - - NEGOTINO - AF Subloan MSIP 45 491,152 491,152 491,152 - - - 30,091,941 30,091,941 - - Negotino - Recon. of water supply system 491,152 491,152 491,152 ICB 30,091,941 MKD 30,091,941 MKD 30,091,941 30,091,941 - - DELCEVO - AF MSIP Subloan 46 302,433 302,433 302,433 - - - 18,526,352 18,526,352 - - Delcevo - Extension of kindergarten 302,433 302,433 302,433 NCB 18,526,352 MKD 18,526,352 MKD 18,526,352 18,526,352 - - MAKEDONSKA KAMENICA - AF Subloan MSIP 47 705,821 705,821 705,821 - - - 43,214,342 43,214,342 - - MK.Kamenica - Reconstruction of cultural center 705,821 705,821 705,821 ICB 43,214,342 MKD 43,214,342 MKD 43,214,342 43,214,342 - - SVETI NIKOLE - AF Subloan MSIP 48 776,640 776,640 776,640 - - - 47,602,286 47,602,286 - - Sv.Nikole - Reconstruction of streets 776,640 776,640 776,640 NCB 47,602,286 MKD 47,602,286 MKD 47,602,286 47,602,286 - - BITOLA - AF Subloan MSIP 49 2,365,362 2,365,362 2,365,362 - - - 144,777,023 144,777,023 - - Bitola - Construction of seven streets 2,296,991 2,296,991 2,296,991 ICB 140,590,985 MKD 140,590,985 MKD 140,590,985 140,590,985 - - Bitola - Supervision of construction of streets 68,371 68,371 68,371 SIC 4,186,038 MKD 4,186,038 MKD 4,186,038 4,186,038 - - Ministry of Finance of the Republic of North Macedonia 24 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD CITY SKOPJE - AF Sub loan 50 2,837,290 2,837,290 2,837,290 - - - 173,814,715 173,814,715 - - Skopje - Rehabilitation of Boris Trajkovski street 2,837,290 2,837,290 2,837,290 ICB 173,814,715 MKD 173,814,715 MKD 173,814,715 173,814,715 - - RADOVISH-AF Sub Loan MSIP 51 645,778 645,778 645,778 - - - 39,668,080 39,602,627 - - Radovis - Construction of street 484,009 484,009 484,009 NCB 29,703,396 MKD 29,703,396 MKD 29,766,070 29,703,396 - - Radovis - Supervision of construction of street 12,699 12,699 12,699 NCB 778,210 MKD 778,210 MKD 780,989 778,210 - - Radovis AF - Remaining sub-loan 149,070 149,070 149,070 NCB 9,121,021 MKD 9,121,021 MKD 9,121,021 9,121,021 - - KRIVOGASHTANI - AF Sub Loan MSIP 52 176,353 176,353 176,353 - - - 10,791,288 10,791,288 - - Krivogastani - Construction of streets 176,353 176,353 176,353 NCB 10,791,288 MKD 10,791,288 MKD 10,791,288 10,791,288 - - SOPISTE - AF Sub Loan MSIP 54 660,126 660,126 660,126 - - - 40,393,392 40,393,392 - - Sopishte AF - Construction of streets/roads 522,396 522,396 522,396 NCB 31,966,665 MKD 31,966,665 MKD 31,966,665 31,966,665 - - Sopishte AF - Construction of additional streets 137,730 137,730 137,730 NCB 8,426,727 MKD 8,426,727 MKD 8,426,727 8,426,727 - - KRATOVO - AF Sub Loan MSIP 55 430,755 430,755 430,755 - - - 26,375,248 26,375,248 - - Kratovo AF - Construction of Green Market 430,755 430,755 430,755 NCB 26,375,248 MKD 26,375,248 MKD 26,375,248 26,375,248 - - LIPKOVO - AF Sub Loan MSIP 56 480,120 480,120 480,120 - - - 29,389,469 29,389,469 - - Lipkovo AF - Schools Energy Efficiency 480,120 480,120 480,120 NCB 29,389,469 MKD 29,389,469 MKD 29,389,469 29,389,469 - - MAKEDONSKI BROD - AF Sub Loan MSIP 58 1,018,749 1,018,749 1,018,749 - - - 62,407,299 62,407,299 - - Makedonski Brod AF - Construction of local roads 828,999 828,999 828,999 NCB 50,797,024 MKD 50,797,024 MKD 50,797,024 50,797,024 - - Makedonski Brod AF - Additional road construction 189,750 189,750 189,750 NCB 11,610,275 MKD 11,610,275 MKD 11,610,275 11,610,275 - - DEMIR KAPIJA - AF Sub Loan MSIP 57 431,328 431,328 431,328 - - - 26,425,056 26,425,056 - - Demir Kapija AF- Reconstruction of streets 431,328 431,328 431,328 NCB 26,425,056 MKD 26,425,056 MKD 26,425,056 26,425,056 - - CHESINOVO OBLESHEVO - AF Sub Loan MSIP 59 249,745 249,745 249,745 - - - 15,287,134 15,287,134 - - Chesinovo Obleshevo AF - Water supply 249,745 249,745 249,745 NCB 15,287,134 MKD 15,287,134 MKD 15,287,134 15,287,134 - - ZRNOVCE - AF Sub Loan MSIP 60 146,432 146,432 146,432 - - - 8,974,875 8,974,875 - - Zrnovce AF - Kindergarten and local streets 146,432 146,432 146,432 NCB 8,974,875 MKD 8,974,875 MKD 8,974,875 8,974,875 - - DEBRCA - AF Sub Loan MSIP 63 50,555 50,555 50,555 - - - 3,100,000 3,100,000 - - Debrca AF - Communal vehicle 50,555 50,555 50,555 NCB 3,100,000 MKD 3,100,000 MKD 3,100,000 3,100,000 - - Ministry of Finance of the Republic of North Macedonia 25 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD DEMIR HISAR - AF Sub Loan MSIP 62 181,488 181,488 181,488 - - - 11,130,265 11,130,265 - - Demir Hisar AF - Cons. of local road 181,488 181,488 181,488 NCB 11,130,265 MKD 11,130,265 MKD 11,130,265 11,130,265 - - GEVGELIJA - AF Sub Loan MSIP 61 1,364,141 1,364,141 1,364,141 - - - 83,471,430 83,471,430 - - Gevgelija AF - Water supply system 1,364,141 1,364,141 1,364,141 ICB 83,471,430 MKD 83,471,430 MKD 83,471,430 83,471,430 - - BRVENICA - AF Sub Loan MSIP 64 496,788 496,788 496,788 - - - 30,422,177 30,422,177 - - Brvenica AF - School and stree (loan for IPA) 496,788 496,788 496,788 NCB 30,422,177 MKD 30,422,177 MKD 30,422,177 30,422,177 - - NOVO SELO - AF Sub Loan MSIP 66 310,706 310,706 310,706 - - - 19,008,216 19,008,216 - - Novo Selo AF - Administrative building 310,706 310,706 310,706 NCB 19,008,216 MKD 19,008,216 MKD 19,008,216 19,008,216 - - GEVGELIJA - AF Sub Loan MSIP 67 567,046 567,046 567,046 - - - 34,700,320 34,700,320 - - Gevgelija AF - School construction 567,046 567,046 567,046 NCB 34,700,320 MKD 34,700,320 MKD 34,700,320 34,700,320 - - DEBRCA - AF Sub Loan MSIP 68 27,484 27,484 27,484 - - - 1,681,599 1,681,599 - - Debrca AF - Vehicles and roads (IPA project) 27,484 27,484 27,484 NCB 1,681,599 MKD 1,681,599 MKD 1,681,599 1,681,599 - - ILINDEN - AF Sub Loan MSIP 69 478,038 478,038 478,038 - - - 29,248,781 29,248,781 - - Ilinden AF - Reconstruction of road 478,038 478,038 478,038 NCB 29,248,781 MKD 29,248,781 MKD 29,248,781 29,248,781 - - DEMIR HISAR - AF Sub Loan MSIP 70 220,652 220,652 220,652 - - - 13,500,000 13,500,000 - - Demir Hisar AF - Proc. of mini buses 220,652 220,652 220,652 NCB 13,500,000 MKD 13,500,000 MKD 13,500,000 13,500,000 - - ARACINOVO - AF Sub Loan MSIP 74 53,882 53,882 53,882 - - - 3,296,725 3,296,725 - - Aracinovo AF - Administrative building 53,882 53,882 53,882 NCB 3,296,725 MKD 3,296,725 MKD 3,296,725 3,296,725 - - Total Component A 46,821,244 46,821,244 46,821,244 3,123,570,315 2,871,682,861 - - Component B: CAPACITY BUILDING AND INSTITUTIONAL REFORM B.1.TA support to Municipalities and CSE's for Sub-project 153,500 153,500 153,500 - - - 9,419,410 9,424,888 - - TA preparation of PADs for Municipalities 93,500 93,500 93,500 SIC 93,500 EUR 93,499.99 EUR 5,729,410 5,729,410 - - WWT study 60,000 60,000 60,000 SIC 60,000 EUR 60,000 EUR 3,690,000 3,695,478 - - Ministry of Finance of the Republic of North Macedonia 26 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD B.2.Strengthening Capacity of Municipalities and CSE's to 59,134 59,134 59,134 - - - 3,623,771 3,623,771 - - IBNET consultant 59,134 59,134 59,134 SIC 59,134 EUR 59,133.61 EUR 3,623,771 3,623,771 - - B.3.TA for LSG Redef. of block grants 17,500 17,500 17,500 - - - 1,071,000 1,070,764 - - TA LSG Redef. of block grants - Local consultant 17,500 17,500 17,500 SIC 17,500 EUR 17,500 EUR 1,071,000 1,070,764 - - B.4.Project Introduction and Sub- project Implementation Work 3,621 3,621 3,621 - - - 222,028 222,028 - - Follow up seminar on Feasibility study preparation (Multiply) 503 503 503 Training 30,835 MKD 30,835 MKD 30,835 30,835 - - Operation and Maintenance (multiply) 3,118 3,118 3,118 Training 191,193 MKD 191,193 MKD 191,193 191,193 - - B.5.TA Review of the Legal, Regulatory and Institutional Framework 19,883 19,883 19,883 - - - 1,216,864 1,216,864 - - International expert for PDL review 12,215 12,215 12,215 SIC 15,800 USD 15,800 USD 747,610 747,610 - - Int. expert - Sub-sovereign borrowing workshop 7,470 7,470 7,470 SSS 8,240 USD 8,240 USD 457,127 457,127 - - Sub-sovereign borrowing policy workshop 198 198 198 Training 12,127 MKD 12,127 MKD 12,127 12,127 - - B.1.AF TA to municipalities for project preparation 1,335,614 1,335,614 1,335,614 - - - 81,778,637 81,878,187 - - AF TA on LSG Local consultant - continuation 12,049 12,049 12,049 SIC 12,049 EUR 12,049 EUR 738,014 738,014 - - AF TA on LSG International consultant 20,400 20,400 20,400 SIC 20,400 EUR 20,400 EUR 1,254,600 1,254,388 - - AF TA on preparation of tech-design for roads 1,294,623 1,294,623 1,294,623 CQ 1,294,623 EUR 1,294,623 EUR 79,263,252 79,362,252 - - IBNET AF consultant Bojan 4,292 4,292 4,292 SIC 4,292 EUR 4,292 EUR 262,671 262,880 - - IBNET AF consultant Jane 4,250 4,250 4,250 SIC 4,250 EUR 4,250 EUR 260,100 260,653 - - Total Component B 1,589,252 1,589,252 1,589,252 - - - 97,331,710 97,436,502 - - Component C: PERFORMANCE- BASED INVESTMENT GRANTS KOCANI-Grant agreement MSIP 01 60,029 60,029 60,029 - - - 3,674,170 3,674,170 - - Kocani Grant-Street reconstruction (works) 60,029 60,029 60,029 NCB 3,674,170 MKD 3,674,170 MKD 3,674,170 3,674,170 - - Ministry of Finance of the Republic of North Macedonia 27 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD VEVCANI -Grant agreement MSIP 03 19,883 19,883 19,883 - - - 1,220,000 1,220,000 - - Vevcani Grant-Construction of street 19,883 19,883 19,883 NCB 1,220,000 MKD 1,220,000 MKD 1,220,000 1,220,000 - - CITY SKOPJE - Grant Agreement MSIP 02 148,425 148,425 148,425 - - - 9,111,620 9,111,620 - - Skopje Grant-purchasing of communal vehicles 148,425 148,425 148,425 NCB 9,111,620 MKD 9,111,620 MKD 9,111,620 9,111,620 - - VASILEVO -Grant agreement MSIP 04 38,343 38,343 38,343 - - - 2,349,372 2,349,372 - - Vasilevo Grant-Construction of street 38,343 38,343 38,343 NCB 2,349,372 MKD 2,349,372 MKD 2,349,372 2,349,372 - - MOGILA-Grant Agreement MSIP 05 36,162 36,162 36,162 - - - 2,214,615 2,214,615 - - Mogila Grant-Purchasing of communal vehicle 36,162 36,162 36,162 NCB 2,214,615 MKD 2,214,615 MKD 2,214,615 2,214,615 - - KRUSEVO-Grant Agreement MSIP 06 9,842 9,842 9,842 - - - 602,330 602,330 - - Krusevo Grant-Street reconstruction 9,842 9,842 9,842 NCB 602,330 MKD 602,330 MKD 602,330 602,330 - - BOGDANCI-Grant Agreement MSIP 07 20,058 20,058 20,058 - - - 1,230,000 1,230,000 - - Bogdanci Grant-School insulation Project 16,767 16,767 16,767 NCB 1,028,610 MKD 1,028,610 MKD 1,028,610 1,028,610 - - Bogdanci Grant- School insulation Project 2 3,291 3,291 3,291 DC 201,390 MKD 201,390 MKD 201,390 201,390 - - BOSILOVO - Grant Agreement MSIP 09 27,231 27,231 27,231 - - - 1,671,494 1,671,494 - - Bosilovo Grant- school and street reconstruction 27,231 27,231 27,231 SH 1,671,494 MKD 1,671,494 MKD 1,671,494 1,671,494 - - DOLNENI-Grant Agreement MSIP 11 26,682 26,682 26,682 - - - 1,634,530 1,634,530 - - Dolneni Grant-Street reconstruction 26,682 26,682 26,682 NCB 1,634,530 MKD 1,634,530 MKD 1,634,530 1,634,530 - - GRADSKO - Grant Agreement MSIP 12 17,464 17,464 17,464 - - - 1,072,024 1,072,024 - - Gradsko Grant- Street reconstruction 17,464 17,464 17,464 NCB 1,072,024 MKD 1,072,024 MKD 1,072,024 1,072,024 - - PRILEP - Grant Agreement MSIP 14 50,268 50,268 50,268 - - - 3,075,425 3,075,425 - - Prilep Grant - Street construction 50,268 50,268 50,268 NCB 3,075,425 MKD 3,075,425 MKD 3,075,425 3,075,425 - - Ministry of Finance of the Republic of North Macedonia 28 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount Commitment in Euro equivalent equivalent method original currency currency currency local currency contract currency MKD MKD EUR MKD ILINDEN - Grant Agreement MSIP 17 37,704 37,704 37,704 - - - 2,307,063 2,307,063 - - Ilinden Grant- Equipment for the Cultural House 37,704 37,704 37,704 SH 2,307,063 MKD 2,307,063 MKD 2,307,063 2,307,063 - - GORCE PETROV - Grant Agreement MSIP 13 64,648 64,648 64,648 - - - 3,956,822 3,956,822 - - Gorce Petrov Grant- Kindergarten extension 64,648 64,648 64,648 NCB 3,956,822 MKD 3,956,822 MKD 3,956,822 3,956,822 - - MOGILA - Grant Agreement MSIP 18 3,416 3,416 3,416 - - - 209,013 209,013 - - Mogila Grant- park fencing 3,416 3,416 3,416 SH 209,013 MKD 209,013 MKD 209,013 209,013 - - PEHCEVO - Grant Agreement MSIP 19 13,665 13,665 13,665 - - - 839,000 839,000 - - Pehcevo Grant - Street construction 13,665 13,665 13,665 NCB 839,000 MKD 839,000 MKD 839,000 839,000 - - NOVACI - Grant Agreement MSIP 24 26,149 26,149 26,149 - - - 1,600,000 1,600,000 - - Novaci Grant - Construction of a playground 26,149 26,149 26,149 NCB 1,600,000 MKD 1,600,000 MKD 1,600,000 1,600,000 - - CAIR - Grant Agreement MSIP 29 48,505 48,505 48,505 - - - 2,967,883 2,967,883 - - Cair Grant - reconstruction of school 48,505 48,505 48,505 NCB 2,967,883 MKD 2,967,883 MKD 2,967,883 2,967,883 - - SKOPJE - Grant Agreement MSIP 32 18,142 18,142 18,142 - - - 1,110,075 1,110,075 - - Skopje Grant 2 - ECO Vehicles 18,142 18,142 18,142 NCB 1,110,075 MKD 1,110,075 MKD 1,110,075 1,110,075 - - KICEVO-Grant Agreement MSIP 49 75,964 75,964 75,964 - - - 4,659,016 4,659,016 - - Kicevo Grant - Street reconstruction 75,964 75,964 75,964 NCB 4,659,016 MKD 878,336 MKD 4,659,016 4,659,016 - - KISELA VODA - Grant Agreement MSIP53 62,536 62,536 62,536 - - - 3,830,344 3,830,344 - - Kisela Voda Grant - Kindergarten renovation 62,536 62,536 62,536 NCB 3830344 MKD 3830344 MKD 3,830,344 3,830,344 - - KAVADARCI - Grant Agreement MSIP 35 50,313 50,313 50,313 - - - 3,078,412 3,078,412 - - Kavadarci Grant - Street reconstruction 50,313 50,313 50,313 NCB 3,078,412 MKD 3,078,412 MKD 3,078,412 3,078,412 - - GAZI BABA – Grant Agreement MSIP58 67,292 67,292 67,292 4,126,751 4,126,751 - - Gazi Baba Grant – Water supply 67,292 67,292 67,292 NBC 4126751 MKD 4126751 MKD 4,126,751 4,126,751 - - VELES – Grant Agreement MSIP 40 50,504 50,504 50,504 3,090,454 3,090,454 - - Veles Grant – School reconstruction 50,504 50,504 50,504 NBC 3090454 MKD 3090454 MKD 3,090,454 3,090,454 - - Ministry of Finance of the Republic of North Macedonia 29 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD BUTEL – Grant Agreement MSIP 56 56,472 56,472 56,472 3,466,000 3,466,000 - - Butel Grant – Communal vehicles 56,472 56,472 56,472 NBC 3466600 MKD 3466600 MKD 3,466,000 3,466,000 - - GOSTIVAR – Grant Agreement MSIP 54 42,039 42,039 42,039 2,580,599 2,580,599 - - Gostivar Grant – Communal vehicles 42,039 42,039 42,039 NBC 2580599 MKD 2580599 MKD 2,580,599 2,580,599 - - VASILEVO – 2 Grant MSIP 44 16,290 16,290 16,290 1,000,000 1,000,000 - - Vasilevo 2 Grant – Street reconstruction 16,290 16,290 16,290 NBC 1000000 MKD 1000000 MKD 1,000,000 1,000,000 - - SHUTO ORIZARI – AF 2 Grant Agreement 13,902 13,902 13,902 853,411 853,411 - - Shuto Orizari – 2 grant Playground equipment 13,902 13,902 13,902 NBC 853411 MKD 853411 MKD 853,411 853,411 - - KRIVOGASHTANI – AF 2 Grant Agreement 3,788 3,788 3,788 232,540 232,540 - - Krivogashtani AF 2 Grant – Waste bins 3,788 3,788 3,788 NBC 232540 MKD 232540 MKD 232,540 232,540 - - GOSTIVAR – AF Grant Agreement 26,954 26,954 26,954 1,654,624 1,654,624 - - Gostivar AF Grant – Communal Vehicles 26,954 26,954 26,954 NBC 1654624 MKD 1654624 MKD 1,654,624 1,654,624 - - GORCE PETROV – AF 2 Grant Agreement 11,772 11,772 11,772 722,625 722,625 - - Gorce Petrov AF 2 Grant – Communal Vehicles 11,772 11,772 11,772 NBC 722625 MKD 722625 MKD 722,625 722,625 - - BEROVO - AF Grant Agreement MSIP 08 38,109 38,109 38,109 - - - 2,337,414 2,337,414 - - Berovo AF Grant - street reconstruction 38,109 38,109 38,109 SH 2,337,414 MKD 2,337,414 MKD 2,337,414 2,337,414 - - BOSILOVO - AF Grant Agreement MSIP 10 39,914 39,914 39,914 - - - 2,449,952 2,449,952 - - Bosilovo AF Grant - street reconstruction 39,914 39,914 39,914 SH 2,449,952 MKD 2,449,952 MKD 2,449,952 2,449,952 - - PRILEP - AF Grant Agreement MSIP 15 73,291 73,291 73,291 - - - 4,484,178 4,484,178 - - Prilep AF Grant - Street construction 73,291 73,291 73,291 NCB 4,484,178 MKD 4,484,178 MKD 4,484,178 4,484,178 - - RANKOVCE - AF Grant Agreement MSIP 14 27,788 27,788 27,788 - - - 1,700,160 1,700,160 - - Rankovce AF Grant - Communal vehicle 27,788 27,788 27,788 SH 1,700,160 MKD 1,700,160 MKD 1,700,160 1,700,160 - - Ministry of Finance of the Republic of North Macedonia 30 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD PEHCEVO - AF Grant Agreement MSIP 20 22,199 22,199 22,199 - - - 1,362,955 1,362,955 - - Pehcevo AF Grant - Street construction 22,199 22,199 22,199 SH 1,362,955 MKD 1,362,955 MKD 1,362,955 1,362,955 - - KRIVA PALANKA - AF Grant Agreement MSIP 21 42,100 42,100 42,100 - - - 2,577,527 2,577,527 - - Kriva Palanka AF Grant- Regulation of river 42,100 42,100 42,100 NCB 2,577,527 MKD 2,577,527 MKD 2,577,527 2,577,527 - - CASKA - AF Grant Agreement MSIP 22 53,065 53,065 53,065 - - - 3,257,508 3,257,508 - - Chaska AF Grant - Road reconstruction 53,065 53,065 53,065 NCB 3,257,508 MKD 3,257,508 MKD 3,257,508 3,257,508 - - Zelino - AF Grant Agreement MSIP 25 22,132 22,132 22,132 - - - 1,353,944 1,353,944 - - Zelino AF Grant - Communal vehicle 22,132 22,132 22,132 NCB 1,353,944 MKD 1,353,944 MKD 1,353,944 1,353,944 - - PROBISHTIP - AF Grant Agreement MSIP 23 38,926 38,926 38,926 - - - 2,381,416 2,381,416 - - Probishtip AF - Street reconstruction 38,926 38,926 38,926 NCB 2,381,416 MKD 2,381,416 MKD 2,381,416 2,381,416 - - PETROVEC -AF Grant Agreement MSIP 27 71,606 71,606 71,606 - - - 4,381,388 4,381,388 - - Petrovec AF Grant - Street reconstruction 71,606 71,606 71,606 NCB 4,381,388 MKD 4,381,388 MKD 4,381,388 4,381,388 - - KRUSHEVO - AF Grant Agreement MSIP 30 16,413 16,413 16,413 - - - 1,004,250 1,004,250 - - Krushevo AF Grant - Vehicle 16,413 16,413 16,413 NCB 1,004,250 MKD 1,004,250 MKD 1,004,250 1,004,250 - - VINICA - AF Grant Agreement MSIP 26 42,682 42,682 42,682 - - - 2,615,722 2,615,722 - - Vinica AF Grant - Special vehicle 42,682 42,682 42,682 NCB 2,615,722 MKD 2,615,722 MKD 2,615,722 2,615,722 - - DEBRCA - AF Grant Agreement MSIP 31 10,133 10,133 10,133 - - - 620,000 620,000 - - Debrca AF Grant - Roads and vehicles 10,133 10,133 10,133 NCB 620,000 MKD 620,000 MKD 620,000 620,000 - - SKOPJE - AF Grant Agreement MSIP 32 209,977 209,977 209,977 - - - 12,847,523 12,847,523 - - Skopje AF Grant - ECO Vehicles continuation 209,977 209,977 209,977 NCB 12,847,523 MKD 12,847,523 MKD 12,847,523 12,847,523 - - ROSOMAN - AF Grant Agreement MSIP 28 13,440 13,440 13,440 - - - 822,360 822,360 - - Rosoman AF Grant - Communal vehicle 13,440 13,440 13,440 NCB 822,360 MKD 822,360 MKD 822,360 822,360 - - Ministry of Finance of the Republic of North Macedonia 31 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD MAKEDONSKA KAMENICA - AF Grant Agreement MSIP 28 70,632 70,632 70,632 - - - 4,321,434 4,321,434 - - Mak.Kamenica AF Grant - Communal vehicle 70,632 70,632 70,632 NCB 4,321,434 MKD 4,321,434 MKD 4,321,434 4,321,434 - - KRIVOGASHTANI - AF Grant Agreement MSIP 37 34,293 34,293 34,293 - - - 2,100,057 2,100,057 - - Krivogashtani AF Grant - Water supp 34,293 34,293 34,293 NCB 2,100,057 MKD 2,100,057 MKD 2,100,057 2,100,057 - - LIPKOVO - AF Grant Agreement MSIP 41 47,889 47,889 47,889 - - - 2,936,947 2,936,947 - - Lipkovo AF Grant - Heating system 47,889 47,889 47,889 NCB 2,936,947 MKD 2,936,947 MKD 2,936,947 2,936,947 - - KOCANI - AF Grant Agreement MSIP 39 50,096 50,096 50,096 - - - 3,073,743 3,073,743 - - Kocani AF Grant - Street reconstruction 50,096 50,096 50,096 NCB 3,073,743 MKD 3,073,743 MKD 3,073,743 3,073,743 - - SVETI NIKOLE - AG Grant Agreement MSIP 38 77,104 77,104 77,104 - - - 4,717,580 4,717,580 - - Sveti Nikole AF Grant - Communal vehicles 77,104 77,104 77,104 NCB 4,717,580 MKD 4,717,580 MKD 4,717,580 4,717,580 - - ILINDEN - AF Grant Agreement MSIP 51 47,667 47,667 47,667 - - - 2,924,878 2,924,878 - - Ilinden AF Grant - Skate park 47,667 47,667 47,667 NCB 2,924,878 MKD 2,924,878 MKD 2,924,878 2,924,878 - - CESHINOVO OBLESHEVO - AF Grant Agreement MSIP 55 24,983 24,983 24,983 - - - 1,528,713 1,528,713 - - Ceshinovo Obleshevo AF Grant - Vehicles 24,983 24,983 24,983 NCB 1,528,713 MKD 1,528,713 MKD 1,528,713 1,528,713 - - MAVROVO ROSTUSHE - AF Grant Agreement MSIP 43 27,638 27,638 27,638 - - - 1,691,250 1,691,250 - - Mavrovo Rostushe AF Grant - Communal vehicles 27,638 27,638 27,638 NCB 1,691,250 MKD 1,691,250 MKD 1,691,250 1,691,250 - - OHRID - AF Grant Agreement MSIP 42 103,726 103,726 103,726 - - - 6,352,686 6,352,686 - - Ohrid AF Grant - Communal vehicles 103,726 103,726 103,726 NCB 6,352,686 MKD 6,352,686 MKD 6,352,686 6,352,686 - - SOPISHTE - AF Grant Agreement MSIP 62 64,382 64,382 64,382 - - - 3,948,412 3,948,412 - - Sopishte AF Grant - Communal vehicle 64,382 64,382 64,382 NCB 394,841 MKD 394,841 MKD 3,948,412 3,948,412 - - DEMIR HISAR - AF 1 Grant Agreement MSIP 45 35,925 35,925 35,925 - - - 2,198,000 2,198,000 - - Demir Hisar AF Grant 1 - Communal vehicles 35,925 35,925 35,925 NCB 2,198,000 MKD 2,198,000 MKD 2,198,000 2,198,000 - - Ministry of Finance of the Republic of North Macedonia 32 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD ZRNOVCE - AF Grant Agreement MSIP 36 23,943 23,943 23,943 - - - 1,464,924 1,464,924 - - Zrnovce AF Grant-Communal vehicles 23,943 23,943 23,943 NCB 1,464,924 MKD 1,464,924 MKD 1,464,924 1,464,924 - - DOJRAN - AF Grant Agreement MSIP 34 25,423 25,423 25,423 - - - 1,555,523 1,555,523 - - Dojran AF Grant-Communal vehicles 25,423 25,423 25,423 NCB 1,555,523 MKD 1,555,523 MKD 1,555,523 1,555,523 - - GEVGELIJA – AF Grant Agreement MSIP 50 67,996 67,996 67,996 - - - 4,173,571 4,173,571 - - Gevgelija AF Grant – Water supply 67,996 67,996 67,996 NCB 4173571 MKD 4173571 MKD 4,173,571 4,173,571 - - GEVGELIJA - AF Grant Agreement MSIP 53 28,269 28,269 28,269 - - - 1,735,016 1,735,016 - - Gevgelija AF Grant – Storm water supply 28,269 28,269 28,269 NCB 1735016 MKD 1735016 MKD 1,735,016 1,735,016 - - GORCE PETROV – AF Grant Agreement 59 62,908 62,908 62,908 3,869,031 3,858,088 - - Gorce Petrov AF Grant – street reconstruction 62,908 62,908 62,908 NCB 3858088 MKD 3858088 MKD 3,869,031 3,858,088 - - DEMIR KAPIJA – AF Grant Agreement 65 43,051 43,051 43,051 2,642,505 2,642,505 - - Demir Kapija AF Grant – House and culture 43,051 43,051 43,051 NCB 2642505 MKD 2642505 MKD 2,642,505 2,642,505 - - KARPOSH – AF Grant Agreement MSIP 64 74,912 74,912 74,912 4,583,869 4,583,869 - - Karposh AF Grant – Communal vehicle 74,912 74,912 74,912 NCB 4583869 MKD 4583869 MKD 4,583,869 4,583,869 - - NOVO SELO- AF Grant Agreement MSIP 61 30,963 30,963 30,963 1,900,756 1,900,756 - - Novo Selo AF Grant – Communal waste bins 30,963 30,963 30,963 NCB 1900756 MKD 1900756 MKD 1,900,756 1,900,756 - - BITOLA – AF Grant Agreement MSIP 60 111,569 111,569 111,569 6,849,090 6,849,090 - - Bitola AF Grant – Street rec.and com.vehicle 111,569 111,569 111,569 NCB 6849090 MKD 6849090 MKD 6,849,090 6,849,090 - - MAKEDONSKI BROD – AF Grant Agreement MSIP 48 50,831 50,831 50,831 3,120,353 3,120,353 - - Makedonski Brod AF Grant – Communal vehicle 50,831 50,831 50,831 NCB 3120353 MKD 3120353 MKD 3,120,353 3,120,353 - - DEMIR HISAR – AF 3 Grant Agreement MSIP 69 7,927 7,927 7,927 486,632 486,632 - - Demir Hisar AF 3 Grant – Communal vehicle 7,927 7,927 7,927 NCB 486632 MKD 486632 MKD 486,632 486,632 - - Ministry of Finance of the Republic of North Macedonia 33 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD DEMIR HISAR – AF 2 Grant Agreement MSIP 67 21,601 21,601 21,601 1,326,000 1,326,000 - - Demir Hisar AF 2 Grant – Communal vehicle 21,601 21,601 21,601 NCB 1326000 MKD 1326000 MKD 1,326,000 1,326,000 - - DEBARCA – AF 2 Grant Agreement MSIP 52 5,479 5,479 5,479 336,320 336,320 - - Debarca AF 2 Grant – IT Equipment 5,479 5,479 5,479 SH 336320 MKD 336320 MKD 336,320 336,320 - - RADOVISH – AF Grant Agreement MSIP 66 64,514 64,514 64,514 3,960,263 3,960,263 - - Radovish AF Grant – Communal vehicle 64,514 64,514 64,514 NCB 3960263 MKD 3960263 MKD 3,960,263 3,960,263 - - BRVENICA – AF Grant Agreement MSIP 57 43,150 43,150 43,150 2,648,805 2,648,805 - - Brvenica AF Grant – Communal vehicle 43,150 43,150 43,150 NCB 2648805 MKD 2648805 MKD 2,648,805 2,648,805 - - DELCEVO – AF Grant Agreement MSIP 46 30,180 30,180 30,180 1,852,635 1,852,635 - - Delcevo AF Grant – Communal vehicle 30,180 30,180 30,180 NCB 1852635 MKD 1852635 MKD 1,852,635 1,852,635 - - KRATOVO – AF Grant Agreement MSIP 68 42,795 42,795 42,795 2,627,034 2,627,034 - - Kratovo AF Grant – Communal vehicle 42,795 42,795 42,795 NCB 2627034 MKD 2627034 MKD 2,627,034 2,627,034 - - SHUTO ORIZARI – AF Grant Agreement MSIP 47 40,178 40,178 40,178 2,466,412 2,466,412 - - Shuto Orizari AF Grant – Communal waste bins 40,178 40,178 40,178 NCB 2466412 MKD 2466412 MKD 2,466,412 2,466,412 - - CENTAR – AF Grant Agreement 45,847 45,847 45,847 2,814,300 2,814,300 - - Centar AF Grant – Kindergarten equipment 45,847 45,847 45,847 NCB 2814300 MKD 2814300 MKD 2,814,300 2,814,300 - - KRUSHEVO – AF 2 Grant Agreement 15,985 15,985 15,985 981,288 981,288 - - Krushevo AF 2 Grant – Solid waste containers 15,985 15,985 15,985 NCB 981288 MKD 981288 MKD 981,288 981,288 - - KISELA VODA – AF Grant Agreement 37,620 37,620 37,620 2,309,392 2,309,392 - - Kisela Voda AF Grant – Communal vehicle 37,620 37,620 37,620 NCB 2309392 MKD 2309392 MKD 2,309,392 2,309,392 - - Total Component C 3,325,693 3,325,693 3,325,693 - - - 203,833,928 203,822,985 - - Ministry of Finance of the Republic of North Macedonia 34 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD Component D: PERFORMANCE MANAGEMENT AND OPERATING COST D.1.Project Management Unit 474,141 474,141 474,141 - - - 25,802,480 29,044,964 - - D.1.1.PMU staff 349,769 349,769 349,769 - - - 18,179,380 21,424,928 - - Project Director 18,000 18,000 18,000 ICS 18,000 EUR 17,999.99 EUR 1,098,446 1,102,334 - - Project Director 2 66,000 66,000 66,000 ICS 66,000 EUR 66,000 EUR 4,043,185 4,043,186 - - FM Specialist 63,600 63,600 63,600 SSS 63,600 EUR 63,600 EUR 3,894,565 3,894,565 - - Procurement Specialist 7,600 7,600 7,600 SSS 7,600 EUR 7,600 EUR 341,542 463,941 - - Procurement Specialist 2 55,364 55,364 55,364 ICS 55,364 EUR 55,364 EUR 3,381,636 3,391,636 - - Construction Engineer 57,953 57,953 57,953 ICS 57,953 EUR 57,952.99 EUR 440,920 3,550,183 - - Construction Engineer 2 28,355 28,355 28,355 ICS 28,355 EUR 28,354.86 EUR 1,737,693 1,737,693 - - Construction Engineer 3 5,000 5,000 5,000 ICS 5,000 EUR 5,000 EUR 306,410 306,410 - - Office Manager/Translator 7,200 7,200 7,200 ICS 7,200 EUR 7,200 EUR 440,920 440,917 - - Office Manager/Translator-2 20,849 20,849 20,849 ICS 20,849 EUR 20,848.97 EUR 1,277,679 1,277,679 - - Administrative assistant 19,848 19,848 19,848 ICS 19,848 EUR 19,848.38 EUR 1,216,384 1,216,384 - - D.1.2.Part-time personnel 124,372 124,372 124,372 - - - 7,623,100 7,620,036 - - Independent Specialist Performance Grant Compliance 13,716 13,716 13,716 ICS 13,716 EUR 13,716-EUR 843,534 840,470 - - Performance Grant Compliance Consultant Jasminka 9,400 9,400 9,400 SIC 9,400 EUR 9,400 EUR 575,157 575,157 - - Performance Grant Compliance Consultant Goce 11,900 11,900 11,900 NCB 11,900 EUR 11,900 EUR 728,107 728,107 - - Safeguards Specialist (Environmental) 73,036 73,036 73,036 ICS 73,036 EUR 73,035.56 EUR 4,477,080 4,477,080 - - Monitoring and Evaluation consultant 16,320 16,320 16,320 SIC 16,320 EUR 16,319 98 EUR 999,222 999,222 - - D.2.Project Financial Audit 37,998 37,998 37,998 - - - 2,326,715 2,326,715 - - Project Financial Audit 37,998 37,998 37,998 LCS 2,326,715 MKD 2,326,715 MKD 2,326,715 2,326,715 - - D.3.Other costs 183,141 183,141 183,141 - - - 11,223,280 11,223,280 - - Furniture 6,234 6,234 6,234 DC 382,596 MKD 382,596 MKD 382,596 382,596 - - IT equipment 7,427 7,427 7,427 SH 454,732 MKD 454,732 MKD 454,732 454,732 - - IT equipment (multiply 16) 327 327 327 SH 20,000 MKD 20,000 MKD 20,000 20,000 - - IT equipment (multiply 17) 2,882 2,882 2,882 SH 176,737 MKD 176,737 MKD 176,737 176,737 - - Vehicle 41,930 41,930 41,930 NCB 2,571,982 MKD 2,571,982 MKD 2,571,982 2,571,982 - - FM software 6,260 6,260 6,260 SH 383,040 MKD 383,040 MKD 383,040 383,040 - - Other Operating Costs 95,750 95,750 95,750 NA 5,862,803 MKD 5,862,803 MKD 5,862,803 5,862,803 - - Training for the PIU staff 22,331 22,331 22,331 Training 22,331 EUR 22,331.02EUR 1,371,390 1,371,390 - - Ministry of Finance of the Republic of North Macedonia 35 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity–Loan number 7699-MK and Loan number 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Procurement Contracted Paid amount Procure- Contract Commitment in plan amount in Euro in Euro ment Contract amount Paid amount original amount local Paid amount contract currency Euro equivalent equivalent method original currency currency currency local currency MKD MKD EUR MKD D.4. AF Project Management Unit 1,036,464 1,036,464 1,036,464 - - - 63,498,837 63,498,837 - - D.4.1. AF PMU staff 1,036,464 1,036,464 1,036,464 - - - 63,498,837 63,498,837 - - AF Project Director 21,154 21,154 21,154 ICS 21,154 EUR 21,153.66 EUR 1,296,876 1,296,876 - - AF FM Specialist 119,208 119,208 119,208 ICS 119,208 EUR 119,208 EUR 7,303,600 7,303,600 - - AF Procurement specialist 113,691 113,691 113,691 ICS 113,691 EUR 113,691 EUR 6,965,624 6,965,624 - - AF Construction Coordinator 114,543 114,543 114,543 ICS 114,543 EUR 114,543 EUR 7,017,856 7,017,856 - - AF Communication Analyst VG 4,200 4,200 4,200 SIC 4200 EUR 4200 EUR 257,802 257,802 - - AF Construction Engineer JZB 94,243 94,243 94,243 ICS 94,243EUR 94,243 EUR 5,774,129 5,774,129 - - AF Construction Engineer GT 94,314 94,314 94,314 ICS 94,314 EUR 94,314 EUR 5,778,501 5,778,501 - - AF Construction Engineer JT 80,738 80,738 80,738 SIC 80,738 EUR 80,738 EUR 4,946,225 4,946,225 - - AF Office Manager/Translator 66,000 66,000 66,000 ICS 66,000 EUR 65,999,95 EUR 4,043,747 4,043,747 - - AF Procurement assistant 20,376 20,376 20,376 SIC 20,376EUR 20,376.15 EUR 1,248,275 1,248,275 - - AF Administrative/Operative Assistant 66,000 66,000 66,000 ICS 66,000 EUR 65,999.99 EUR 4,043,747 4,043,747 - - AF FM assistant 45,415 45,415 45,415 SIC 45,415 EUR 45,414.94 EUR 2,782,432 2,782,432 - - AF Lead Project Coordinator 53,572 53,572 53,572 SIC 53,572 EUR 53,572.4 EUR 3,280,720 3,280,720 - - AF Construction Engineer JK 23,613 23,613 23,613 SIC 23,613 EUR 23,612.55 EUR 1,445,009 1,445,009 - - AF Environment expert 24,586 24,586 24,586 SIC 24,586 EUR 24,586.48 EUR 1,506,334 1,506,334 - - AF Construction Engineer BM 31,472 31,472 31,472 SIC 31,472 EUR 31,472.05 EUR 1,926,751 1,926,751 - - AF FM assistant 2 17,286 17,286 17,286 SIC 17,286 EUR 17,285.97 EUR 1,059,077 1,059,077 - - AF Construction Engineer RL 21,435 21,435 21,435 SIC 21,435 EUR 21,434.99 EUR 1,313,311 1,313,311 - - AF Construction Engineer FM 21,435 21,435 21,435 SIC 21,435 EUR 21,435 EUR 1,313,311 1,313,311 - - AF Economy and Procurement Assiciate TS 3,183 3,183 3,183 SIC 3,185 EUR 3,185 EUR 195,510 195,510 - - D.5.AF Project Audit 15,644 15,644 15,644 - - - 957,198 957,198 - - Audit extension 15,644 15,644 15,644 LCS 957,198 MKD 957,198 MKD 957,198 957,198 - - D.6. AF Other costs 27,024 27,024 27,024 - - - 1,655,253 1,655,253 - - Other AF operating cost (without contracts) 27,024 27,024 27,024 SH 1655253 MKD 1655253 MKD 1,655,253 1,655,253 - - Total Component D 1,774,412 1,774,412 1,774,412 - - - 105,463,763 108,706,247 - - Front-end fee Original Loan 47,250 47,250 47,250 - - - - - - - Front-end fee Additional financing 93,000 93,000 93,000 - - - - - - - Total Project Expenditure 53,650,851 53,650,851 53,650,851 - - - 3,530,199,716 3,281,648,595 - - Ministry of Finance of the Republic of North Macedonia 36 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity - Loan number 8561-MK Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in Euro equivalent equivalent method original currency original currency currency local currency contract currency MKD MKD EUR MKD Component A: Municipal Investments Centar Zupa sub-loan no.01 315,405 315,405 315,405 - - - 19,300,000 19,300,000 - - Centar Zupa - Construction of local road 315,405 315,405 315,405 NCB 19,300,000 MKD 19,300,000 MKD 19,300,000 19,300,000 - - Zelino sub-loan no.02 498,080 498,080 498,080 - - - 30,475,081 30,475,081 - - Zelino - Construction of local road and school 498,080 498,080 498,080 NCB 30,475,081 MKD 30,475,081 MKD 30,475,081 30,475,081 - - Studenicani sub-loan no.03 276,882 276,882 276,882 - - - 16,942,376 16,942,376 - - Studenicani - Construction of local street 276,882 276,882 276,882 NCB 16,942,376 MKD 16,942,376 MKD 16,942,376 16,942,376 - - Kisela Voda sub-loan no.04 1,788,617 1,396,312 1,036,616 - - - 85,681,995 63,533,789 - 22,148,206 Kisela Voda - Storm water network construction 799,873 799,873 799,873 NCB 49001007 MKD 49001007 MKD 49,001,007 49,001,007 - - Kisela Voda – Additional streets 988,744 596,439 236,743 NCB 36680988 MKD 14532782 MKD 36,680,988 14,532,782 - 22,148,206 Kavadarci sub-loan no.05 1,043,423 1,043,423 1,043,423 - - - 63,931,920 63,931,920 - - Kavadarci - Construction of local streets 867,244 867,244 867,244 NCB 53116884 MKD 53116884 MKD 53,116,884 53,116,884 - - Kavadarci - Remaining sub-loan funds 176,179 176,179 176,179 NCB 10815036 MKD 10815036 MKD 10,815,036 10,815,036 - - Resen sub-loan no.06 481,942 481,942 481,942 - - - 29,595,906 29,595,906 - - Resen - Construction of local streets 481,942 481,942 481,942 NCB 29,595,906 MKD 29,595,906 MKD 29,595,906 29,595,906 - - Ministry of Finance of the Republic of North Macedonia 37 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity – Loan number 8561-MK (continued) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in contract Euro equivalent equivalent method original currency original currency currency local currency currency MKD MKD EUR MKD Krivogashtani sub-loan no.07 43,471 43,471 43,471 - - - 2,659,720 2,659,720 - - Krivogashtani - Street lighting 43,471 43,471 43,471 NCB 2,659,720 MKD 2,659,720 MKD 2,659,720 2,659,720 - - Gazi Baba sub-loan no.08 1,170,731 1,102,105 393,116 - - - 67,779,483 24,132,048 - 43,647,435 Gazi Baba - Construction of sewerage system 1,170,731 1,102,105 393,116 NCB 67779483 MKD 24132005 MKD 67,779,483 24,132,048 - 43,647,435 Pehcevo sub-loan no.09 95,930 95,930 96,108 - - - 5,899,706 5,899,706 - - Pehcevo – Street reconstruction 95,930 95,930 96,108 NCB 5899706 MKD 5899706 MKD 5,899,706 5,899,706 - - Vrapciste sub-loan no.10 497,800 497,800 375,716 - - - 30,614,694 23,063,932 - 7,550,762 Vrapciste – Water supply 497,800 497,800 375,716 NCB 30614694 MKD 23063932 MKD 30,614,694 23,063,932 - 7,550,762 Delcevo sub-loan no.11 524,427 433,112 359,830 - - - 26,636,385 22,088,635 - 4,547,750 Delcevo – Street reconstruction 524,427 433,112 359,830 NCB 26636385 MKD 22088635 MKD 26,636,385 22,088,635 4,547,750 Kriva Palanka sub-loan no.12 422,764 - - - - - - - - - Kriva Palanka – River regulation 422,764 - - - - - - - - - Cucer Sandevo sub-loan no.13 748,243 748,243 748,243 - - - 45,915,224 45,915,224 - - Cucer Sandevo – Reconstruction of road 748,243 748,243 748,243 ICB 45915224 MKD 45915224 MKD 45,915,224 45,915,224 - - Tetovo sub-loan no.14 BATO 986,031 876,876 823,537 - - - 53,681,887 50,541,420 - 3,140,467 Tetovo – Street construction 986,031 876,876 823,537 NCB 53681887 MKD 50541420-MKD 53,681,887 50,541,420 - 3,140,467 Bogovinje sub-loan no.15 401,342 401,342 177,709 - - - 24,682,537 10,908,955 - 13,773,582 Bogovinje – Procurement of communal vehicles 401,342 401,342 177,709 NCB 24682537 MKD 10908955 MKD 24,682,537 10,908,955 - 13,773,582 Kocani sub-loan no.16 714,428 714,428 362,139 - - - 43,937,331 22,221,385 - 21,715,946 Kocani – Street reconstruction 714,428 714,428 362,139 NCB 43937331 MKD 22221365 MKD 43,937,331 22,221,385 - 21,715,946 Lipkovo sub-loan no.17 227,570 227,570 49,266 - - - 13,995,582 3,024,239 - 10,971,343 Lipkovo – River regulation 227,570 227,570 49,266 NCB 13995582 MKD 3024239 MKD 13,995,582 3,024,239 - 10,971,343 Dolneni sub-loan no.19 370,326 291,789 171,265 - - - 17,945,031 10,513,345 - 7,431,686 Dolneni – Street reconstruction 370,326 291,789 171,265 NCB 17945031 MKD 10513345 MKD 17,945,031 10,513,345 - 7,431,686 Mavrovo Rostushe sub-loan no.20 213,249 213,250 213,249 - - - 13,090,704 13,090,704 - - Mavrovo Rostushe – Road reconstruction 213,249 213,250 213,249 NCB 13090704 MKD 13090704 MKD 13,090,704 13,090,704 - - Saraj sub-loan no.21 217,201 217,200 191,564 - - - 13,357,782 11,759,416 - 1,598,366 Saraj – Extension of administrative building 217,201 217,200 191,564 NCB 13357782 MKD 11759416 MKD 13,357,782 11,759,416 - 1,598,366 Strumica sub-loan no.22 1,489,436 1,445,593 827,442 - - - 88,903,950 50,793,740 38,110,210 Strumica – Water meters and Gas network 1,489,436 1,445,593 827,442 NCB 88903950 MKD 50793740 MKD 88,903,950 50,793,740 - 38,110,210 Ministry of Finance of the Republic of North Macedonia 38 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity – Loan number 8561-MK (continued) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in contract Euro equivalent equivalent method original currency original currency currency local currency currency MKD MKD EUR MKD Novaci sub-loan no.18 276,329 276,329 276,329 - - - 16,962,878 16,962,878 - - Novaci – Procurement of communal vehicles 276,329 276,329 276,329 NCB 16962878 MKD 16962878 MKD 16,962,878 16,962,878 - - Konce sub-loan no.23 85,486 85,486 85,486 - - - 5,247,719 5,247,719 - - Konce – Street lighting 85,486 85,486 85,486 NCB 5247719 MKD 5247719 MKD 5,247,719 5,247,719 - - Tetovo sub-loan no.24 BUS 1,180,000 - - - - - - - - - Tetovo – Procurement of communal vehicles 1,180,000 - - - - - - - - - Mogila sub-loan no.25 107,382 107,382 107,382 - - - 6,594,371 6,591,910 - 2,461 Mogila – House of Culture 107,382 107,382 107,382 NCB 5247719 MKD 5247719 MKD 6,594,371 6,591,910 - 2,461 Kumanovo sub-loan no.26 1,036,662 - - - - - - - - - Kumanovo – Procurement of communal vehicles 1,036,662 - - - - - - - - - Other sub-loan municipalities 4,196,843 - - - - - - - - - Other sub-loan municipalities 4,196,843 - - - - - - - - - Total Component A 19,410,000 11,789,950 8,954,200 - - - 723,832,262 549,194,048 - - Component B: Poverty and Social Inclusion Investment Grants Centar Zupa Grant no.01 84,732 84,732 84,732 - - - 5,211,000 5,148,603 - 62,397 Centar Zupa Grant – Street construction 84,732 84,732 84,732 NCB 5211000 MKD 5148603 MKD 5,211,000 5,148,603 - 62,397 Kavadarci Grant no. 02 222,883 222,883 222,883 - - - 13,707,329 8,912,228 - 4,795,101 Kavadarci Grant – Street construction 222,883 222,883 222,883 NCB 13707329 MKD 8912228 MKD 13,707,329 8,912,228 - 4,795,101 Resen Grant no. 03 96,053 96,053 10,333 - - - 5,907,244 634,312 - 5,272,932 Resen Grant – School reconstruction 96,053 96,053 10,333 NCB 5907244 MKD 634312 MKD 5,907,244 634,312 - 5,272,932 Krivogashtani Grant no. 04 12,394 8,880 8,881 - - - 545,160 545,160 - - Krivogashtani Grant – Waste containers 12,394 8,880 8,881 NCB 545160 MKD 545160 MKD 545,160 545,160 - - Studenicani Grant no. 05 71,232 71,232 71,232 - - - 4,372,795 4,372,795 - - Studenicani Grant – Street reconstruction 71,232 71,232 71,232 NCB 4372795 MKD 4372795 MKD 4,372,795 4,372,795 - - Zelino Grant no. 06 108,097 108,097 47,839 - - - 6,647,953 2,936,653 - 3,711,300 Zelino Grant – Construction of schools 108,097 108,097 47,839 NCB 6647953 MKD 2936653 MKD 6,647,953 2,936,653 - 3,711,300 Ministry of Finance of the Republic of North Macedonia 39 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity – Loan number 8561-MK (continued) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in contract Euro equivalent equivalent method original currency original currency currency local currency currency MKD MKD EUR MKD Kocani Grant no. 07 172,599 172,599 23,606 - - - 10,614,838 1,449,087 - 9,165,751 Kocani Grant – Construction of streets 172,599 172,599 23,606 NCB 10614838 MKD 1449087 MKD 10,614,838 1,449,087 - 9,165,751 Cucer Sandevo Grant no. 08 156,658 156,658 156,658 - - - 9,616,612 9,616,612 - - Cucer Sandevo Grant – Street construction 156,658 156,658 156,658 NCB 9616612 MKD 9616612 MKD 9,616,612 9,616,612 - - Kisela Voda Grant no. 09 207,491 207,491 20,922 - - - 12,760,703 1,284,327 - 11,476,376 Kisela Voda Grant – Reconstruction of street 207,491 207,491 20,922 NCB 12760703 MKD 1284327 MKD 12,760,703 1,284,327 - 11,476,376 Vrapciste Grant no. 10 134,406 - - - - - - - - - Vrapciste Grant – Reconstruction of street 134,406 - - - - - - - - - -M-ogila Grant no. 11 28,950 - - - - - - - - - Mogila Grant – Purchasing of communal vehicle 28,950 - - - - - - - - - Dolneni Grant no. 12 78,780 - - - - - - - - - Dolneni Grant - Purchasing of communal vehicle 78,780 - - - - - - - - - Novaci Grant no. 13 74,998 - - - - - - - - - Novaci Grant - Purchasing of communal vehicle 74,998 - - - - - - - - - Konce Grant no. 14 20,504 - - - - - - - - - Konce Grant - Purchasing of communal vehicle 20,504 - - - - - - - - - Delcevo Grant no. 15 116,940 - - - - - - - - - Delcevo Grant – Purchasing of PP vehicle 116,940 - - - - - - - - - Mavrovo Rostushe Grant no. 16 50,470 - - - - - - - - - Mavrovo Rostushe Grant – Street reconstruction 50,470 - - - - - - - - - Other grant municipalities 3,060,313 - - - - - - - - - Other grant municipalities 3,060,313 - - - - - - - - - Total Component B - Poverty and Social Inclusion Investment Grants 4,697,500 1,128,625 568,525 - - - 69,383,634 34,899,777 - - Ministry of Finance of the Republic of North Macedonia 40 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity – Loan number 8561-MK (continued) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in contract Euro equivalent equivalent method original currency original currency currency local currency currency MKD MKD EUR MKD Component C: Project Management, Capacity Building, Monitoring and Evaluation Capacity building of participating municipalities 123,000 106,500 87,673 - - - 6,517,750 5,367,707 - - UA consultant 30,000 18,000 13,400 SIC 18000 EUR 13400-EUR 1,107,000 821,065 4,600 - IBNET consultant Bojan 6,500 4,250 680 SIC 4,250 EUR 680-EUR 261,375 41,743 3,570 - IBNET consultant Jane 6,500 4,250 - SIC 4,250 EUR - 261,375 - 4,250 - PADs Preparation 80,000 80,000 73,593 CQ 80000 EUR 73593-EUR 4,888,000 4,504,899 6,407 - Project management, Monitoring and Evaluation 707,000 198,597 120,537 - - - 12,215,442 7,399,383 69,320 540,285 Lead Project Coordinator 43,500 16,200 10,000 SIC 16200 EUR 10000 EUR 996,300 613,867 6,200 - FM Specialist 40,300 14,985 9,250 SIC 14985 EUR 9250 EUR 921,578 567,826 5,735 - FM Assistant 24,000 8,910 5,500 SIC 8910 EUR 5500 EUR 547,965 337,626 3,410 - Procurement and Legal Coordinator 38,100 14,175 8,732 SIC 14175 EUR 8732.5 EUR 871,762 536,058 5,443 - Procurement Assistant 24,000 8,910 5,500 SIC 8910 EUR 5500 EUR 547,965 337,626 3,410 - Construction Coordinator 38,100 14,175 8,750 SIC 14175 EUR 8750 EUR 871,762 537,132 5,425 - Construction Engineer JZB 31,100 11,575 7,145 SIC 11575 EUR 6045 EUR 711,862 438,607 4,430 - Construction Engineer GT 31,100 11,575 7,145 SIC 11575 EUR 7145 EUR 711,862 438,607 4,430 - Construction Engineer JTJ 31,100 11,575 7,145 SIC 11575 EUR 7145 EUR 711,862 438,607 4,430 - Construction Engineer BM 31,100 5,800 3,572 SIC 5800 EUR 3572.5 EUR 356,700 219,305 2,228 - Construction Engineer RL 31,100 11,575 7,131 SIC 11575 EUR 6988.81 EUR 711,862 437,730 4,444 - Construction Engineer FM 31,100 11,575 7,131 SIC 11575 EUR 7270.71 EUR 711,862 437,729 4,444 - Environmental specialist 32,600 12,126 7,395 SIC 12126 EUR 7248 EUR 745,749 453,956 4,731 - Office Manager/Translator 21,750 8,100 5,000 SIC 8100 EUR 5000 EUR 498,150 306,934 3,100 - Administrative/Operative Assistant 21,750 8,100 4,980 SIC 8100 EUR 4980 EUR 498,150 305,707 3,120 - Economy and Procurement Associate TS 15,300 5,670 3,500 - 5670 EUR 3500 EUR 348,705 214,855 2,170 - Communication Analyst VG 15,300 5,670 3,500 - 5670 EUR 3500 EUR 348,705 214,855 2,170 - Audit 20,000 12,512 3,772 LCS 771836 MKD 231551 MKD 771,836 231,551 - 540,285 Operating costs 50,000 5,289 5,289 NA 324675 MKD 324675 MKD 324,675 324,675 - - Training for MSIP staff 100 100 100 Training 6130 MKD 6130 MKD 6,130 6,130 - - Other SC, TR, G 135,600 - - - - - - - - - Ministry of Finance of the Republic of North Macedonia 41 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Unit of Output by Project Activity – Loan number 8561-MK (continued) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Procurement Contracted amount in Contract plan amount in Euro Euro Procurement Contract amount Paid amount amount local Paid amount Commitment in contract Euro equivalent equivalent method original currency original currency currency local currency currency MKD MKD EUR MKD Total Component C - Project Management, Capacity Building, Monitoring and Evaluation 830,000 305,097 208,210 - - - 18,733,192 12,767,090 - - Front-end fee Original Loan 62,500 62,500 62,500 - - - - - - - Total Project Expenditure 25,000,000 13,286,172 9,793,435 - - - 811,949,088 596,860,915 - - Ministry of Finance of the Republic of North Macedonia 42 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number 8158-MK (Amounts in EUR) Cumulative for the period from 29 June 2009 through 31 December 2020 Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date Loan/grant amount amount balance payments processed Component A: MUNICIPAL INVESTMENTS KOCANI-Sub Loan MSIP 01 Sub Loan MSIP 01/December 14,2009 600,000 600,000 - - - Kocani-Reconstruction of water system (works) 577,034 577,034 - - - Kocani-Supervision of reconstruction (CS) 22,966 22,966 - - - BOGDANCI-Sub Loan MSIP 02 Sub-loan MSIP 02/April 13,2010 100,492 100,492 - - - Bogdanci-Street Lighting 87,341 87,341 - - - Bogdanci-Street lighting (savings) 13,151 13,151 - - - CITY OF SKOPJE-Sub Loan MSIP 03 Sub-loan MSIP 03/July 7, 2010 2,974,822 2,974,822 - - - Skopje-Vehicles for solid waste 1,798,300 1,798,300 - - - Skopje-Wastebins for public hygiene 748,800 748,800 - - - Skopje (VAT) 427,722 427,722 - - - ILINDEN-Sub Loan MSIP 04/1 Sub-loan MSIP 04/September 24,2010 230,486 230,486 - - - Ilinden-Geotermal pumps 230,486 230,486 - - - ILINDEN-Sub Loan MSIP 04/2 Sub-loan MSIP 04-2/November 1, 2013 146,430 146,430 - - - Ilinden-Geotermal pumps House of Culture 146,430 146,430 - - - KISELA VODA-Sub Loan MSIP 05/1 Sub-loan MSIP 05/November 27,2010 910,378 910,378 - - - Kisela Voda-Storm water system-11 October 680,744 680,744 - - - Kisela Voda-Storm water system-Mariovska 229,634 229,634 - - - KISELA VODA-Sub Loan MSIP 05/2 Sub-loan MSIP 05-2/March 14, 2011 638,379 638,379 - - - Kisela Voda-Water supply network 638,379 638,379 - - - Ministry of Finance of the Republic of North Macedonia 43 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed STIP-Sub Loan MSIP 06 Sub-loan MSIP 06/April 5, 2011 - - - - - Stip-Rehabilitation of central city square 278,445 278,445 - - - Stip-Rehabilitation. of river banks and parking lots 271,679 271,679 - - - Stip-Returned funds due to termination of SLA (550,124) (550,124) - - - PEHCEVO-Sub Loan MSIP 07 Sub-loan MSIP 07/April 6, 2011 68,551 68,551 - - - Pehcevo-Vehicle for disposal of solid waste 68,551 68,551 - - - VELES-Sub Loan MSIP 08/1 Sub-loan MSIP 08-1/April 12, 2011 685,549 685,549 - - - Veles-water supply to Mladost lake 685,549 685,549 - - - VELES-Sub Loan MSIP 08/2 Sub-loan MSIP 08-2/October 26, 2012 323,213 323,213 - - - Veles-street lighting 323,213 323,213 - - - VEVCANI-Sub Loan MSIP 09 Sub-loan MSIP 09/April 14, 2011 99,686 99,686 - - - Vevcani-Vehicle for disposal of waste and backhoe 99,686 99,686 - - - GOSTIVAR-Sub Loan MSIP 19 Sub-loan MSIP 19/July 12, 2012 842,675 842,675 - - - Gostivar-basic equipment for public hygiene 458,000 458,000 - - - Gostivar-Street lighting 341,973 341,973 - - - Gostivar-VAT 42,702 42,702 - - - KICEVO-Sub Loan MSIP 11 Sub-loan MSIP 11/September 2,2011 759,997 759,997 - - - Kicevo-Vehicles for disposal of solid waste 201,434 201,434 - - - Kicevo-Street Reconstruction 448,947 448,947 - - - Kicevo - Procurement of solid waste vehicle 2 containers 109,616 109,616 - - - KAVADARCI-Sub Loan MSIP 53 Sub-loan MSIP 53 /August 28,2015 502,921 502,921 - - - Kavadarci - School Reconstruction 502,921 502,921 - - - NOVACI-Sub Loan MSIP 12 Sub-loan MSIP12/September 5,2011 130,710 130,710 - - - Novaci-Street Lighting 130,710 130,710 - - - CAIR-Sub Loan MSIP 21 Sub-loan MSIP 21/October 29,2012 484,523 484,523 - - - Cair-School/Kindergarten Insulation Project 484,523 484,523 - - - GORCE PETROV-Sub Loan MSIP 14 Sub-loan MSIP 14/November 21,2011 1,291,416 1,291,416 - - - Gorce Petrov-Streets reconstruction/rehabilitation 1,291,416 1,291,416 - - - DOLNENI-Sub Loan MSIP 13 Sub-loan MSIP 13/August 31/2011 266,778 266,778 - - - Dolneni-Street reconstruction 266,778 266,778 - - - GRADSKO-Sub Loan MSIP 15 Sub-loan MSIP 15/November 14,2011 99,498 99,498 - - - Gradsko-Vehicles for solid waste 77,097 77,097 - - - Gradsko-Bins for solid waste 22,401 22,401 - - - KRUSEVO-Sub Loan MSIP 10 Sub-loan MSIP 10/August 31,2011 49,218 49,218 - - - Krusevo-Vehicle for disposal of solid waste 49,218 49,218 - - - MOGILA-Sub Loan MSIP 18 Sub-loan MSIP 18/May 25,2012 180,856 180,856 - - - Mogila-Reconstruction of municipal building 180,856 180,856 - - - Ministry of Finance of the Republic of North Macedonia 44 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed VASILEVO-Sub Loan MSIP 16 Sub-loan MSIP 16/ December 28,2011 383,578 383,578 - - - Vasilevo-Water supply to Canaklija 383,578 383,578 - - - BOSILEVO-Sub Loan MSIP 17 Sub-loan MSIP 17/May 6,2012 136,507 136,507 - - - Bosilovo-Constr. of bridge 136,507 136,507 - - - PRILEP-Sub Loan MSIP 20 Sub-loan MSIP 20/July 2,2012 501,619 501,619 - - - Prilep - Street reconstruction 501,619 501,619 - - - GAZI BABA-Sub Loan MSIP 28 Sub-loan MSIP 28/April 19, 2013 1,346,650 1,346,650 - - - Gazi Baba -Construction of school 1,238,052 1,238,052 - - - Gazi Baba-fence 35,661 35,661 - - - Gazi Baba - audio equipment 5,969 5,969 - - - Gazi Baba - furniture 66,968 66,968 - - - MOGILA-Sub Loan MSIP 18-2 Sub-loan MSIP/18-2/ January 31,2014 34,161 34,161 - - - Mogila - Purchasing of backhoe 34,161 34,161 - - - BUTEL-Sub Loan MSIP 34 Sub-loan MSIP 34 /June 25, 2012 1,193,010 1,193,010 - - - Butel - School construction 1,193,010 1,193,010 - - - CITY OF SKOPJE-Sub Loan MSIP 03-2 Sub Loan MSIP 03-2/August 25, 2015 362,050 362,050 - - - Skopje - Equipment for public greenery 362,050 362,050 - - - VASILEVO-Sub Loan MSIP 65 Sub-loan MSIP 65/March 2,2017 163,314 163,314 - - - Vasilevo-Street construction Piperevo 163,314 163,314 - - - VASILEVO 3 Sub Loan MSIP 80 Sub-loan MSIP 80/December 18, 2019 67,988 67,988 - - - Vasilevo 3 subloan – Equipment for public - greenery 67,988 67,988 - - Sub-total Component A - Original Loan: 15,575,455 15,575,455 - - - DEMIR HISAR - AF Subloan MSIP 70-1 Sub-loan MSIP 70-2 / June 25, 2019 88,719 88,719 - - - Demir Hisar AF - Street reconstruction. 3 sub loan 88,719 88,719 - - - SHUTO ORIZARI - AF Subloan MSIP 72 Sub-loan MSIP 72 / June 25, 2019 139,206 139,206 - - - Shuto Orizari AF - Street reconstruction 139,206 139,206 - - - CENTAR - AF Subloan MSIP 73 Sub-loan MSIP 73 / June 25, 2019 564,484 564,484 - - - Centar AF - Water supply and kindergarten projects 564,484 564,484 - - - KISELA VODA - AF Subloan MSIP 71 Sub-loan MSIP 71/July 12,2019 376,446 376,446 - - - Kisela Voda AF -Storm water system-Sasa 376,446 376,446 - - - GORCE PETROV AF 2 Sub-loan MSIP 75 Sub-loan MSIP 75/October 7, 2019 235,693 235,693 - - - Gorce Petrov AF 2 subloan-Street reconstruc 235,693 235,693 - - - KRIVOGASHTANI – AF 2 Sub-loan MSIP 79 Sub-loan MSIP 79/ November 11, 2019 37,893 37,893 - - - Krivogashtani AF 2 subloan – communal vehicles 37,893 37,893 - - - Ministry of Finance of the Republic of North Macedonia 45 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed KRUSHEVO – AF 2 Sub-loan MSIP 78 Sub-loan MSIP 78/ October 7, 2019 79,972 79,972 - - - Krushevo -2 subloan – vehicle for solid waste 79,972 79,972 - - - GOSTIVAR – AF Sub-loan MSIP 81 Sub-loan MSIP 81/ December 3, 2019 134,747 134,747 - - - Gostivar AF – Kindergarten equipment 134,747 134,747 - - - BEROVO-AF Subloan MSIP 22 Sub-loan MSIP 22/October 10,2012 381,637 381,637 - - - Berovo AF-Street reconstruction 381,637 381,637 - - - VINICA-AF Subloan MSIP 24-1 Sub-loan MSIP 24-1/December 4,2012 141,897 141,897 - - - Vinica AF-Purchasing of communal vehicles 141,897 141,897 - - - KRIVA PALANKA-AF Subloan MSIP 25 Sub-loan MSIP 25/November 11,2012 841,117 841,117 - - - Kriva Palanka AF-Procurment of communal vehicles 172,171 172,171 - - - Kriva Palanka AF-Streets reconstruction 668,946 668,946 - - - MAVROVO ROSTUSHE-AF Subloan MSIP 23-1 Sub-loan MSIP 23-1/December 4,2012 199,227 199,227 - - - Mavrovo Rostushe AF-Street reconstruction 199,227 199,227 - - - RANKOVCE-AF Subloan MSIP27 Sub-loan MSIP 27/December 26, 2012 277,963 277,963 - - - Rankovce AF-Street reconstruction 277,963 277,963 - - - BOSILOVO-AF Subloan MSIP 26 Sub-loan MSIP 26/December 7, 2012 400,087 400,087 - - - Bosilovo AF-Street reconstruction 400,087 400,087 - - - PETROVEC-AF Subloan MSIP 30 Sub-loan MSIP 30/ May 14, 2013 1,429,451 1,429,451 - - - Petrovec AF-Construction of primary school 1,429,451 1,429,451 - - - PRILEP-AF Subloan MSIP 29 Sub-loan MSIP 29/ May 1, 2013 774,232 774,232 - - - Prilep AF-Street reconstruction 774,232 774,232 - - - VINICA-AF Subloan MSIP 24-2 Sub-loan MSIP 24-2/ July 12,2013 711,627 711,627 - - - Vinica AF-Street reconstruction 711,627 711,627 - - - CASHKA-AF Subloan MSIP 31 Sub-loam MSIP 31/ October 24,2013 531,266 531,266 - - - Cashka AF-Street reconstruction 531,266 531,266 - - - PROBISHTIP-AF Subloan MSIP 32 Sub-loan MSIP 32/ October 22,2013 460,720 460,720 - - - Probishtip AF-Street reconstruction 408,645 408,645 - - - Probishtip- AF Street reconstruction contract 2 52,075 52,075 - - - PEHCEVO-AF Subloan MSIP 33 Sub-loan MSIP 33/ December 12,2013 111,125 111,125 - - - Pehcevo AF-Street reconstruction 111,125 111,125 - - - MAVROVO ROSTUSHE-AF Subloan MSIP 23-2 Sub-loan MSIP 23-2/ December 25,2013 104,731 104,731 - - - Mavrovo Rostushe AF - Street lighting 104,731 104,731 - - - KRUSHEVO-AF Subloan MSIP 35 Sub-loan MSIP 35/June 30, 2014 83,565 83,565 - - - Krushevo AF - Water supply 83,565 83,565 - - - DOJRAN-AF Subloan MSIP36 Sub-loan MSIP 36/ August 19,2014 130,586 130,586 - - - Dojran AF-Comunal vehicles 130,586 130,586 - - - Ministry of Finance of the Republic of North Macedonia 46 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed OHRID-AF Subloan MSIP 37 Sub-loan MSIP 37/ November 17,2014 2,071,451 2,071,451 - - - Ohrid AF-Street reconstruction 1,314,194 1,314,194 - - - Ohrid AF - comunal vehicles 306,328 306,328 - - - Ohrid AF - additional comunal vehicles 450,929 450,929 - - - KARPOSH - AF Subloan MSIP 38 Sub-loan MSIP 38/ December 10,2014 746,809 746,809 - - - Karposh AF - Street Reconstruction 574,803 574,803 - - - Karposh AF-Additional streets reconstruction 172,006 172,006 - - - SHUTO ORIZARI - AF Subloan MSIP 39 Sub-loan MSIP 39/ November 24,2014 455,978 455,978 - - - Shuto Orizari AF - water supply Suto Orizari 455,978 455,978 - - - CITY SKOPJE -AF Subloan MSIP 40 Sub-loan MSIP 40/ November 24,2014 1,713,020 1,713,020 - - - Skopje AF - water supply Suto Orizari 1,713,020 1,713,020 - - - ZELINO - AF Subloan MSIP 41 Sub-loan MSIP 41/ December 24,2014 220,634 220,634 - - - Zelino AF-Storm water and street reconstruction 220,634 220,634 - - - ROSOMAN - AF Subloan MSIP 42 Sub-loan MSIP 42/ December 25,2014 69,723 69,723 - - - Rosoman AF-water reservoir 69,723 69,723 - - - KOCANI - AF Subloan MSIP 43 Sub-loan MSIP 43/ December 24,2014 1,002,800 1,002,800 - - - Kocani AF - Streets Reconstruction 932,510 932,510 - - - Kocani AF - 2 add streets cons. 70,290 70,290 - - - GORCE PETROV - AF Subloan MSIP 44 Sub-loan MSIP 44/ December 23,2014 1,260,119 1,260,119 - - - Gorce Petrov AF-Streets reconstruction 782,954 782,954 - - - Gorce Petrov AF - 4 additional streets cons 477,165 477,165 - - - NEGOTINO - AF Subloan MSIP 45 Sub-loan MSIP 45/ December 25,2014 491,152 491,152 - - - Negotino - Recon. of water supply system 491,152 491,152 - - - DELCEVO - AF MSIP Subloan 46 Sub-loan MSIP 46/March 10,2015 302,433 302,433 - - - Delcevo - Extension of kindergarten 302,433 302,433 - - - MAKEDONSKA KAMENICA - AF Subloan MSIP 47 Sub-loan MSIP 47/April 20,2015 705,821 705,821 - - - Makedonska Kamenica - Reconstruction of cultural center 705,821 705,821 - - - SVETI NIKOLE - AF Subloan MSIP 48 Sub-loan MSIP 48/April 16,2015 776,640 776,640 - - - Sveti Nikole - Reconstruction of streets 776,640 776,640 - - - BITOLA - AF Subloan MSIP 49 Sub-loan MSIP 49/May 20,2015 2,365,362 2,365,362 - - - Bitola - Construction of seven streets 2,296,991 2,296,991 - - - Bitola - Supervision of construction of streets 68,371 68,371 - - - CITY SKOPJE - AF Sub loan 50 Sub-loan MSIP 50/June 29,2015 2,837,290 2,837,290 - - - Skopje - Rehabilitation of Boris Trajkovski street 2,837,290 2,837,290 - - - RADOVISH-AF Sub Loan MSIP 51 Sub-Loan MSIP 51/August 31, 2015 645,778 645,778 - - - Radovis - Construction of street 484,009 484,009 - - - Radovis - Supervision of construction of street 12,699 12,699 - - - Ministry of Finance of the Republic of North Macedonia 47 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed Radovis AF - Remaining sub-loan 149,070 149,070 - - - KRIVOGASHTANI - AF Sub Loan MSIP 52 Sub Loan MSIP 52/ September 28, 2015 176,353 176,353 - - - Krivogastani - Construction of streets 176,353 176,353 - - - SOPISTE - AF Sub Loan MSIP 54 Sub Loan MSIP 54/ November 13, 2015 660,126 660,126 - - - Sopishte AF - Construction of streets/roads 522,396 522,396 - - - Sopishte AF - Construction of additional streets 137,730 137,730 - - - KRATOVO - AF Sub Loan MSIP 55 Sub Loan MSIP 55 / November 13, 2015 430,755 430,755 - - - Kratovo AF - Construction of Green Market 430,755 430,755 - - - LIPKOVO - AF Sub Loan MSIP 56 Sub Loan MSIP 56/ December 30, 2015 480,120 480,120 - - - Lipkovo AF - Schools Energy Efficiency 480,120 480,120 - - - MAKEDONSKI BROD - AF Sub Loan MSIP 58 Sub Loan MSIP 58 / February 23, 2016 1,018,749 1,018,749 - - - Makedonski Brod AF - Construction of local roads 828,999 828,999 - - - Makedonski Brod AF - Additional road construction 189,750 189,750 - - - DEMIR KAPIJA - AF Sub Loan MSIP 57 Sub Loan MSIP 57 / February 23, 2016 431,328 431,328 - - - Demir Kapija AF- Reconstruction of streets 431,328 431,328 - - - CHESINOVO OBLESHEVO - AF Sub Loan MSIP 59 Sub Loan MSIP 59 / April 5,2016 249,745 249,745 - - - Chesinovo OBleshevo AF - Water supply 249,745 249,745 - - - ZRNOVCE - AF Sub Loan MSIP 60 Sub Loan MSIP 60 / July 25, 2016 146,432 146,432 - - - Zrnovce AF - Kindergarten and local streets 146,432 146,432 - - - DEBRCA - AF Sub Loan MSIP 63 Sub Loan MSIP 63 / September 28, 2016 50,555 50,555 - - - Debrca AF - Comunal vehicle 50,555 50,555 - - - DEMIR HISAR - AF Sub Loan MSIP 62 Sub Loan MSIP 62 / September 21, 2016 181,488 181,488 - - - Demir Hisar AF - Cons. of local road 181,488 181,488 - - - GEVGELIJA - AF Sub Loan MSIP 61 Sub Loan MSIP 61 /July 1,2016 1,364,141 1,364,141 - - - Gevgelija AF - Water supply system 1,364,141 1,364,141 - - - BRVENICA - AF Sub Loan MSIP 64 Sub loan MSIP 64 / March 23, 2017 496,788 496,788 - - - Brvenica AF - School and stree (loan for IPA) 496,788 496,788 - - - NOVO SELO - AF Sub Loan MSIP 66 Sub loan MSIP 66 / June 28, 2018 310,706 310,706 - - - Novo Selo AF - Administrative building 310,706 310,706 - - - GEVGELIJA - AF Sub Loan MSIP 67 Sub loan MSIP 67 / July 20, 2018 567,046 567,046 - - - Gevgelija AF - School construction 567,046 567,046 - - - DEBRCA - AF Sub Loan MSIP 68 Sub loan MSIP 68 / July 16, 2018 27,484 27,484 - - - Debrca AF - Vehicles and roads (IPA project) 27,484 27,484 - - - ILINDEN - AF Sub Loan MSIP 69 Sub loan MSIP 69 / September 10, 2018 478,038 478,038 - - - Ilinden AF - Reconstruction of road 478,038 478,038 - - - DEMIR HISAR - AF Sub Loan MSIP 70 Sub loan MSIP 70 / December 10, 2018 220,652 220,652 - - - Demir Hisar AF - Proc. of mini buses 220,652 220,652 - - - Ministry of Finance of the Republic of North Macedonia 48 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed ARACINOVO - AF Sub Loan MSIP 74 Sub Loan MSIP 74/ August 13, 2019 53,882 53,882 - - - Aracinovo AF - Administrative building 53,882 53,882 - - - Sub-total Component A - Additional Financing: 31,245,789 31,245,789 - - - Total Component A 46,821,244 46,821,244 - - - Component C: PERFORMANCE-BASED INVESTMENT GRANTS KOCANI-Grant agreement MSIP 01 GA MSIP 01/ December 26,2013 60,029 60,029 - - - Kocani Grant-Street reconstruction (works) 60,029 60,029 - - - VEVCANI -Grant agreement MSIP 03 GA MSIP 03/December 26, 2012 19,883 19,883 - - - Vevcani Grant-Construction of street 19,883 19,883 - - - CITY SKOPJE - Grant Agreement MSIP 02 GA MSIP 02/ December 28, 2012 148,425 148,425 - - - Skopje Grant-purchasing of communal vehicles 148,425 148,425 - - - VASILEVO -Grant agreement MSIP 04 GA MSIP 04/ November 11,2013 38,343 38,343 - - - Vasilevo Grant-Construction of street 38,343 38,343 - - - MOGILA-Grant Agreement MSIP 05 GA MSIP 05 / January 11, 2014 36,162 36,162 - - - Mogila Grant-Purchasing of communal vehicle 36,162 36,162 - - - KRUSEVO-Grant Agreement MSIP 06 GA MSIP 06 / January 31, 2014 9,842 9,842 - - - Krusevo Grant-Street reconstruction 9,842 9,842 - - - BOGDANCI-Grant Agreement MSIP 07 GA MSIP 07 / July 4,2014 20,058 20,058 - - - Bogdanci Grant-School insulation Project 16,767 16,767 - - - Bogdanci Grant- School insulation Project 2 con 3,291 3,291 - - - BOSILOVO - Grant Agreement MSIP 09 GA MSIP 09 / March 12, 2015 27,231 27,231 - - - Bosilovo Grant- school and street reconstruction 27,231 27,231 - - - DOLNENI-Grant Agreement MSIP 11 GA MSIP 11 / March 12, 2015 26,682 26,682 - - - Dolneni Grant-Street reconstruction 26,682 26,682 - - - GRADSKO - Grant Agreement MSIP 12 GA MSIP 12 / June 17,2015 17,464 17,464 - - - Gradsko Grant- Street reconstruction 17,464 17,464 - - - PRILEP - Grant Agreement MSIP 14 GA MSIP 14 / June 17, 2015 50,268 50,268 - - - Prilep Grant - Street construction 50,268 50,268 - - - ILINDEN - Grant Agreement MSIP 17 GA MSIP 17/ December 23, 2015 37,704 37,704 - - - Ilinden Grant- Equipement for the Cultural House 37,704 37,704 - - - GORCE PETROV - Grant Agreement MSIP 13 GA MSIP 13 / August 25, 2015 64,648 64,648 - - - Gorce Petrov Grant- Kindergarten extension 64,648 64,648 - - - MOGILA - Grant AGreement MSIP 18 GA MSIP 18/ April 5,2016 3,416 3,416 - - - Mogila Grant- park fancing 3,416 3,416 - - - PEHCEVO - Grant Agreement MSIP 19 GA MSIP 19 / April 4, 2016 13,665 13,665 - - - Pehcevo Grant - Street construction 13,665 13,665 - - - Ministry of Finance of the Republic of North Macedonia 49 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed NOVACI - Grant Agreement MSIP 24 GA MSIP 24 / June 16, 2017 26,149 26,149 - - - Novaci Grant - Construction of a playground 26,149 26,149 - - - CAIR - Grant Agreement MSIP 29 GA MSIP 29 / July 20, 2018 48,505 48,505 - - - Cair Grant - reconstruction of school 48,505 48,505 - - - SKOPJE - Grant Agreement MSIP 32 GA MSIP 32 / February 7,2019 18,142 18,142 - - - Skopje Grant 2 - ECO Vehicles 18,142 18,142 - - - KICEVO-Grant Agreement MSIP 49 GA MSIP 49 / July 25, 2019 75,964 75,964 - - - Kicevo Grant - Street reconstruction 75,964 75,964 - - - KISELA VODA – Grant Agreement MSIP 53 GA MSIP 53 / August 20, 2019 62,536 62,536 - - - Kisela Voda Grant – Kindergarten renovation 62,536 62,536 - - - GAZI BABA – Grant Agreement MSIP 58 GA MSIP 58 / August 20, 2019 67,292 67,292 - - - Gazi Baba Grant – Water supply 67,292 67,292 - - - VELES – Grant Agreement MSIP 40 GA MSIP 40 / August 20, 2019 50,504 50,504 - - - Veles Grant – School reconstruction 50,504 50,504 - - - BUTEL – Grant Agreement MSIP 56 GA MSIP 56 / August 20, 2019 56,472 56,472 - - - Butel Grant – Communal vehicles 56,472 56,472 - - - GOSTIVAR – Grant Agreement MSIP 54 GA MSIP 56 / August 20, 2019 42,039 42,039 - - - Gostivar Grant – Communal vehicles 42,039 42,039 - - - VASILEVO – 2 Grant MSIP 44 GA MSIP 44 / June 25, 2019 16,290 16,290 - - - Vasilevo 2 Grant – Construction of street 16,290 16,290 - - - KAVADARCI - Grant Agreement MSIP 35 GA MSIP 35 / February 4, 2019 50,313 50,313 - - - Kavadarci Grant - Street reconstruction 50,313 50,313 - - - Sub-total Component C - Original loan: 1,088,026 1,088,026 - - - SHUTO ORIZARI – AF 2 Grant Agreement GA MSIP 76 / May 29, 2020 13,902 13,902 - - - Shuto Orizari – 2 grant Playground equipment 13,902 13,902 - - - KRIVOGASHTANI – AF 2 Grant Agreement GA MSIP 73 / May 29, 2020 3,788 3,788 - - - Krivogashtani AF 2 Grant – Waste bins 3,788 3,788 - - - GOSTIVAR – AF Grant Agreement GA MSIP 75 / May 29, 2020 26,954 26,954 - - - Gostivar AF Grant – Communal vehicles 26,954 26,954 - - - GORCE PETROV – AF 2 Grant Agreement GA MSIP 74 / May 29, 2020 11,772 11,772 - - - Gorce Petrov AF 2 Grant – Communal Vehicles 11,772 11,772 - - - BEROVO - AF Grant Agreement MSIP 08 GA MSIP 08 /12 March 2015 38,109 38,109 - - - Berovo AF Grant - street reconstruction 38,109 38,109 - - - BOSILOVO - AF Grant Agreement MSIP 10 GA MSIP 10 / March 12, 2015 39,914 39,914 - - - Bosilovo AF Grant - street reconstruction 39,914 39,914 - - - PRILEP - AF Grant Agreement MSIP 15 GA MSIP 15 / June 17,2015 73,291 73,291 - - - Prilep AF Grant - Street construction 73,291 73,291 - - - Ministry of Finance of the Republic of North Macedonia 50 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed RANKOVCE - AF Grant Agreement MSIP 14 GA MSIP 14/ January 14,2016 27,788 27,788 - - - Rankovce AF Grant - Communal vehicle 27,788 27,788 - - - PEHCEVO - AF Grant Agreement MSIP 20 GA MSIP 20 / April 4, 2016 22,199 22,199 - - - Pehcevo AF Grant - Street construction 22,199 22,199 - - - KRIVA PALANKA - AF Grant Agreement MSIP 21 GA MSIP 21 / April 12, 2016 42,100 42,100 - - - Kriva Palanka AF Grant- Regulation of river 42,100 42,100 - - - CASKA - AF Grant Agreement MSIP 22 GA MSIP 22 / April 6, 2016 53,065 53,065 - - - Chaska AF Grant - Road reconstruction 53,065 53,065 - - - Zelino - AF Grant Agreement MSIP 25 GA MSIP 25 / June 19, 2017 22,132 22,132 - - - Zelino AF Grant - Communal vehicle 22,132 22,132 - - - PROBISHTIP - AF Grant Agreement MSIP 23 GA MSIP 23 / April 18, 2017 38,926 38,926 - - - Probishtip AF - Street reconstruction 38,926 38,926 - - - PETROVEC -AF Grant Agreement MSIP 27 GA MSIP 27 / November 27, 2017 71,606 71,606 - - - Petrovec AF Grant - Street reconstruction 71,606 71,606 - - - KRUSHEVO - AF Grant Agreement MSIP 30 GA MSIP 30 / July 16, 2018 16,413 16,413 - - - Krushevo AF Grant - Vehicle 16,413 16,413 - - - VINICA - AF Grant Agreement MSIP 26 GA MSIP 26 / November 27, 2017 42,682 42,682 - - - Vinica AF Grant - Special vehicle 42,682 42,682 - - - DEBRCA - AF Grant Agreement MSIP 31 GA MSIP 31 / January 14,2019 10,133 10,133 - - - Debrca AF Grant - Roads and vehicles 10,133 10,133 - - - SKOPJE - AF Grant Agreement MSIP 32 GA MSIP 32 / February 7,2019 209,977 209,977 - - - Skopje AF Grant - ECO Vehicles continuation 209,977 209,977 - - - ROSOMAN - AF Grant Agreement MSIP 28 GA MSIP 28 / July 19,2018 13,440 13,440 - - - Rosoman AF Grant - Communal vehicle 13,440 13,440 - - - MAKEDONSKA KAMENICA - AF Grant Agreement MSIP 28 GA MSIP 28 / February 2, 2019 70,632 70,632 - - - Makedonska Kamenica AF Grant - Communal vehicle 70,632 70,632 - - - KRIVOGASHTANI - AF Grant Agreement MSIP 37 GA MSIP 37 / May 23, 2019 34,293 34,293 - - - Krivogashtani AF Grant - Water supp 34,293 34,293 - - - LIPKOVO - AF Grant Agreement MSIP 41 GA MSIP 41 / June 25, 2019 47,889 47,889 - - - Lipkovo AF Grant - Heating system 47,889 47,889 - - - KOCANI - AF Grant Agreement MSIP 39 GA MSIP 39 / June 25, 2019 50,096 50,096 - - - Kocani AF Grant - Street reconstruction 50,096 50,096 - - - SVETI NIKOLE - AG Grant Agreement MSIP 38 GA MSIP 38 / May 23, 2019 77,104 77,104 - - - Sveti Nikole AF Grant - Communal vehicles 77,104 77,104 - - - ILINDEN - AF Grant Agreement MSIP 51 GA MSIP 51 / August 20, 2019 47,667 47,667 - - - Ilinden AF Grant - Skey park 47,667 47,667 - - - Ministry of Finance of the Republic of North Macedonia 51 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed CESHINOVO OBLESHEVO - AF Grant Agreement MSIP 55 GA MSIP 55 / August 20, 2019 24,983 24,983 - - - Ceshinovo Obleshevo AF Grant - Vehicles 24,983 24,983 - - - MAVROVO ROSTUSHE - AF Grant Agreement MSIP 43 GA MSIP 43 / June 25, 2019 27,638 27,638 - - - Mavrovo Rostushe AF Grant - Communal vehicles 27,638 27,638 - - - OHRID - AF Grant Agreement MSIP 42 GA MSIP 42 / June 25, 2019 103,726 103,726 - - - Ohrid AF Grant - Communal vehicles 103,726 103,726 - - - SOPISHTE - AF Grant Agreement MSIP 62 GA MSIP 62 / September 24, 2019 64,382 64,382 - - - Sopishte AF Grant - Communal vehicle 64,382 64,382 - - - DEMIR HISAR - AF 1 Grant Agreement MSIP 45 GA MSIP 45 / August 7, 2019 35,925 35,925 - - - Demir Hisar AF Grant 1 - Communal vehicles 35,925 35,925 - - - ZRNOVCE - AF Grant Agreement MSIP 36 GA MSIP 36 / February 7,2019 23,943 23,943 - - - Zrnovce AF Grant-Communal vehicles 23,943 23,943 - - - DOJRAN - AF Grant Agreement MSIP 34 GA MSIP 34 / February 7,2019 25,423 25,423 - - - Dojran AF Grant-Communal vehicles 25,423 25,423 - - - GEVGELIJA – AF Grant Agreement MSIP 50 GA AF MSIP 50 / August 20, 2019 67,996 67,996 - - - Gevgelija AF Grant – Water supply 67,996 67,996 - - - GEVGELIJA - AF Grant Agreement MSIP 63 GA MSIP 63 / February 29, 2020 28,269 28,269 - - - Gevgelija AF Grant – Storm water supply 28,269 28,269 - - - GORCE PETROV – AF Grant Agreement 59 GA MSIP 59 / September 24, 2019 62,908 62,908 - - - Gorce Petrov AF Grant – street reconstruction 62,908 62,908 - - - DEMIR KAPIJA – AF Grant Agreement 65 GA MSIP 65 / October 22, 2019 43,051 43,051 - - - Demir Kapija AF Grant – House and culture 43,051 43,051 - - - KARPOSH – AF Grant Agreement MSIP 64 GA MSIP 64 / October 21, 2019 74,912 74,912 - - - Karposh AF Grant – Communal vehicle 74,912 74,912 - - - NOVO SELO- AF Grant Agreement MSIP 61 GA MSIP 61 / September 29, 2019 30,963 30,963 - - - Novo Selo AF Grant – Communal waste bins 30,963 30,963 - - - BITOLA – AF Grant Agreement MSIP 60 GA MSIP 60 / September 27, 2019 111,569 111,569 - - - Bitola AF Grant – Street rec.and com.vehicle 111,569 111,569 - - - MAKEDONSKI BROD – AF Grant Agreement MSIP 48 GA MSIP 48 / July 25, 2019 50,831 50,831 - - - Makedonski Brod AF Grant – Communal vehicle 50,831 50,831 - - - DEMIR HISAR – AF 3 Grant Agreement MSIP 69 GA MSIP 69 / January 8, 2020 7,927 7,927 - - - Demir Hisar AF 3 Grant – Communal vehicle 7,927 7,927 - - - DEMIR HISAR – AF 2 Grant Agreement MSIP 67 GA MSIP 67 / November 27, 2019 21,601 21,601 - - - Demir Hisar AF 2 Grant – Communal vehicle 21,601 21,601 - - - DEBARCA – AF 2 Grant Agreement MSIP 52 GA MSIP 52 / August 20, 2019 5,479 5,479 - - - Debarca AF 2 Grant – IT Equipment 5,479 5,479 - - - Ministry of Finance of the Republic of North Macedonia 52 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 7699-MK and Loan number (Amounts in EUR) 8158-MK (continued) Cumulative for the period from 29 June 2009 through 31 December 2020 Loan/grant Paid loan/Grant Remaining Outstanding Payment requests Municipality Loan/grant No. / Date amount amount balance payments processed RADOVISH – AF Grant Agreement MSIP 66 GA MSIP 66 / November 19, 2019 64,514 64,514 - - - Radovish AF Grant – Communal vehicle 64,514 64,514 - - - BRVENICA – AF Grant Agreement MSIP 57 GA MSIP 57 / August 20, 2019 43,150 43,150 - - - Brvenica AF Grant – Communal vehicle 43,150 43,150 - - - DELCEVO – AF Grant Agreement MSIP 46 GA MSIP 46 / July 25, 2019 30,180 30,180 - - - Delcevo AF Grant – Communal vehicle 30,180 30,180 - - - KRATOVO – AF Grant Agreement MSIP 68 GA MSIP 68 / December 27, 2019 42,795 42,795 - - - Kratovo AF Grant – Communal vehicle 42,795 42,795 - - - SHUTO ORIZARI – AF Grant Agreement MSIP 47 GA MSIP 47 / July 25, 2019 40,178 40,178 - - - Shuto Orizari AF Grant – Communal waste bins 40,178 40,178 - - - CENTAR – AF Grant Agreement GA MSIP 72 / May 28, 2020 45,847 45,847 - - - Centar AF Grant – Kindergarten equipment 45,847 45,847 - - - KRUSHEVO – AF 2 Grant Agreement GA MSIP 70 / May 29, 2020 15,985 15,985 - - - Krushevo AF 2 Grant – Solid waste containers 15,985 15,985 - - - KISELA VODA – AF Grant Agreement GA MSIP 71 / May 29, 2020 37,620 37,620 - - - Kisela Voda AF Grant – Communal vehicle 37,620 37,620 - - - Sub-total Component C - Additional Financing: 2,237,667 2,237,667 - - - Total Component C 3,325,693 3,325,693 - - - Ministry of Finance of the Republic of North Macedonia 53 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 8561-MK (Amounts in EUR) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Payment Loan/grant Remaining Outstanding Municipality Loan/grant No. / Date loan/Grant requests amount balance payments amount processed Component A: Municipal Investments Centar Zupa sub-loan no.01 Sub-loan no.01 / September 10,2018 315,405 315,405 - - - Centar Zupa - Construction of local road 315,405 315,405 - - - Zelino sub-loan no.02 Sub-loan no.02 / September 10,2018 498,080 498,080 - - - Zelino - Construction of local road and school 498,080 498,080 - - - Studenicani sub-loan no.03 Sub-loan no.03 / September 10,2018 276,882 276,882 - - - Studenicani - Construction of local street 276,882 276,882 - - - Kisela Voda sub-loan no.04 Sub-loan no.04 / September 10,2018 1,788,617 1,036,616 752,001 - - Kisela Voda - Storm water network const. 799,873 799,873 - - - Kisela Voda - Additional streets 596,439 236,743 359,696 - - Kisela Voda - Remaining sub-loan funds 392,305 - 392,305 - - Kavadarci sub-loan no.05 Sub-loan no.05 / September 10,2018 1,043,423 1,043,423 - - - Kavadarci - Construction of local streets 867,244 867,244 - - - Kavadarci - Remaining sub-loan funds 176,179 176,179 - - - Resen sub-loan no.06 Sub-loan no.06 / September 10,2018 481,942 481,942 - - - Resen - Construction of local streets 481,942 481,942 - - - Krivogashtani sub-loan no.07 Sub-loan no.07 / December 28,2018 43,471 43,471 - - - Krivogashtani - Street lighting 43,471 43,471 - - - Gazi Baba sub-loan no.08 Sub-loan no.08 / December 28,2018 1,170,731 393,116 777,615 - - Gazi Baba - Construction of sewerage system 1,102,105 393,116 708,989 - - Remaining amount 68,626 - 68,626 - - Ministry of Finance of the Republic of North Macedonia 54 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 8561-MK (continued) (Amounts in EUR) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Payment Loan/grant Remaining Outstanding Municipality Loan/grant No. / Date loan/Grant requests amount balance payments amount processed Pehcevo sub-loan no. 09 Sub-loan no.09 / June 25,2019 95,930 96,108 (178) - - Pehcevo – Streets reconstruction 95,930 96,108 (178) - - Vrapciste sub-loan no.10 Sub-loan no.10 / June 25,2019 497,800 375,716 122,084 - - Vrapciste – Water supply 497,800 375,716 122,084 - - Delcevo sub-loan no.11 Sub-loan no.09 / June 25,2019 524,427 359,830 164,597 - - Delcevo – Street reconstruction 524,427 359,830 164,597 - - Kriva Palanka sub-loan no.12 Sub-loan no.12 /November 14,2019 422,764 - 422,764 - - Kriva Palanka – River regulation 422,764 - - - - Cucer Sandevo sub-loan no.13 Sub-loan no.13 /July 25,2019 748,243 748,243 - - - Cucer Sandevo – Reconstruction of road 748,243 748,243 - - - Tetovo sub-loan no.14 BATO Sub-loan no.14 /August 20,2019 986,031 823,537 162,494 - - Tetovo – Street construction 876,876 823,537 53,339 - - Remaining amount 109,155 - 109,155 - - Bogovinje sub-loan no.15 Sub-loan no.15 /July 25,2019 401,342 177,709 223,633 - - Bogovinje – Procurement of communal vehicles 401,342 177,709 223,633 - - Kocani sub-loan no.16 Sub-loan no.16 /August 20,2019 714,428 362,139 352,289 - - Kocani – Street reconstruction 639,256 362,139 277,117 - - Remaining amount 75,172 - 75,172 - - Lipkovo sub-loan no.17 Sub-loan no.17 /December 02,2019 227,570 49,266 178,304 - - Lipkovo – River regulation 227,570 49,266 178,304 - - Dolneni sub-loan no.19 Sub-loan no.19 /December 13,2019 370,326 171,265 199,061 - - Dolneni – Street reconstruction 291,789 171,265 120,524 - - Remaining amount 78,537 - 78,537 - - Mavrovo Rostushe sub-loan no.20 Sub-loan no.20 /December 18,2019 213,249 213,249 - - - Mavrovo Rostushe – Road reconstruction 213,249 231,249 - - - Saraj sub-loan no.21 Sub-loan no.21 /December 12,2019 217,201 191,564 25,637 - - Saraj – Extension of administrative building 215,518 191,564 23,954 - - Remaining amount 1,683 - 1,683 - - Strumica sub-loan no.22 Sub-loan no.22 /December 26,2019 1,489,436 827,442 661,994 - - Strumica – Water meters and Gas network 1,445,593 827,442 618,151 - - Remaining amount 43,843 - 43,843 - - Novaci sub-loan no.18 Sub-loan no.18 /December 25,2019 276,329 276,329 - - - Novaci – Procurement of communal vehicles 276,329 276,329 - - - Konce sub-loan no.23 Sub-loan no.23 /December 11,2019 85,486 85,486 - - - Konce – Street lighting 85,486 85,486 - - - Tetovo sub-loan no.24 BUS Sub-loan no.24 /December 31,2019 1,180,000 - 1,180,000 - - Tetovo – Procurement of buses 1,180,000 - 1,180,000 - - Ministry of Finance of the Republic of North Macedonia 55 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 8561-MK (continued) (Amounts in EUR) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Payment Loan/grant Remaining Outstanding Municipality Loan/grant No. / Date loan/Grant requests amount balance payments amount processed Mogila sub-loan no. 25 Sub-loan no.25 /December 27,2019 107,382 107,382 - - - Mogila – House of Culture 107,382 107,382 - - - Kumanovo sub-loan no. 26 Sub-loan no.26 /December 30,2020 1,036,662 - 1,036,662 - - Kumanovo – Procurement of communal vehicles 1,036,662 - 1,036,662 - - Other sub-loan municipalities 4,196,843 - 4,196,843 - - Other sub-loan municipalities 4,196,843 - 4,196,843 - - Total Component A: Municipal Investments 19,410,000 8,954,200 10,455,800 Component B: Poverty and Social Inclusion Investment Grants Centar Zupa Grant no.01 Grant no.01 / December 31,2019 83,872 83,872 - - - Centar Zupa Grant – Street construction 83,872 83,872 - - - Kavadarci Grant no. 02 Grant no.02 / February 14,2020 222,883 145,183 77,700 - - Kavadarci Grant – Street construction 190,011 145,183 44,828 - - Remaining amount 32,872 - 32,872 - - Resen Grant no. 03 Grant no.03 / May 29,2020 96,053 10,333 85,720 - - Resen Grant – School reconstruction 96,053 10,333 85,720 - - Krivogashtani Grant no. 04 Grant no.04 / May 29,2020 12,394 8,880 3,514 - - Krivogashtani Grant – Waste containers 8,880 8,880 - - - Remianing amount 3,514 - 3,514 - - Studenicani Grant no. 05 Grant no.05 / May 29,2020 71,232 71,232 - - - Studenicani Grant – Street reconstruction 71,232 71,232 - - - Zelino Grant no. 06 Grant no.06 / May 29,2020 108,097 47,839 60,258 - - Zelino Grant – Construction of schools 108,097 47,839 60,258 - - Kocani Grant no. 07 Grant no.07 / May 29,2020 172,599 23,606 148,993 - - Kocani Grant – Construction of streets 172,599 23,606 148,993 - - Cucer Sandevo Grant no. 08 Grant no.08 / May 29,2020 156,658 156,658 - - - Cucer Sandevo Grant – Street construction 156,658 156,658 - - - Kisela Voda Grant no. 09 Grant no.09 / May 29,2020 207,491 20,922 186,569 - - Kisela Voda Grant – Reconstruction of street 207,491 20,922 186,569 - - Vrapciste Grant no. 10 Grant no.10 / October 8,2020 134,406 - 134,406 - - Vrapciste Grant – Reconstruction of street 134,406 - 134,406 - - Mogila Grant no. 11 Grant no.11 / October 8,2020 28,950 - 28,950 - - Mogila Grant – Purchasing of communal vehicle 28,950 - 28,950 - - Dolneni Grant no. 12 Grant no.12 / October 8,2020 78,780 - 78,780 - - Dolneni Grant - Purchasing of communal vehicle 78,780 - 78,780 - - Novaci Grant no. 13 Grant no.13 / October 16,2020 74,998 - 74,998 - - Novaci Grant - Purchasing of communal vehicle 74,998 - 74,998 - - Ministry of Finance of the Republic of North Macedonia 56 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Breakdown of Loans and Grants - Loan number 8561-MK (continued) (Amounts in EUR) Cumulative for the period from 14 January 2016 through 31 December 2020 Paid Payment Loan/grant Remaining Outstanding Municipality Loan/grant No. / Date loan/Grant requests amount balance payments amount processed Konce Grant no. 14 Grant no.14 / November 23,2020 20,504 - 20,504 - - Konce Grant - Purchasing of communal vehicle 20,504 - 20,504 - - Delcevo Grant no. 15 Grant no.15 / November 17,2020 116,940 - 116,940 - - Delcevo Grant – Purchasing of PP vehicle 116,940 - 116,940 - - Mavrovo Rostushe Grant no. 16 Grant no.16 / November 16,2020 50,470 - 50,470 - - Mavrovo Rostushe Grant – Street reconstruction 50,470 - 50,470 - - Other grant municipalities 3,061,173 - 3,061,173 - - Other grant municipalities 3,061,173 - 3,061,173 - - Total Component B - Poverty and Social Inclusion Investment Grants 4,697,500 568,525 4,128,975 Ministry of Finance of the Republic of North Macedonia 57 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Withdrawals – Designated Accounts . (Amounts in EUR) For the period from 01 January 2020 through 31 December 2020 Application # and date Total Total Requested Received Difference Original Loan 7699-MK - - - Additional Financing 8158-MK #20/ 4 March 2020 1,303,430 1,303,430 - #21/ 12 May 2020 500,000 500,000 - #22/ 21 September 2020 1,200 1,200 - 1,804,630 1,804,630 - MSIP2 8561-MK #6/ 25 February 2020 943,235 943,235 - #7/ 25 March 2020 646,997 646,997 - #8/ 29 May 2020 859,546 859,546 - #9/ 7 August 2020 971,253 971,253 - #10/ 15 September 2020 1,022,242 1,022,242 - #11/ 15 October 2020 955,274 955,274 - #12/ 1 December 2020 1,180,318 1,180,318 - 6,578,865 6,578,865 - On 2 June 2020 and on 10 December 2020, Ministry of Finance of the Republic of North Macedonia has returned withdrawn but unspent funds to IBRD for Loan number 7699-MK in the total amount of 1,167,404 EUR. On 2 June 2020, Ministry of Finance of the Republic of North Macedonia has returned withdrawn but unspent funds to IBRD for Loan number 8158-MK in the amount of 256,050 EUR. Ministry of Finance of the Republic of North Macedonia 58 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Withdrawals - Designated Accounts (continued) (Amounts in EUR) For the period from 01 January 2019 through 31 December 2019 Application # and date Total Total Requested Disbursed Difference Original Loan 7699-MK - - - Additional Financing 8158-MK #17/ 22 April 2019 791,298 791,298 - #18/ 16 June 2019 2,357,057 2,357,057 - #19/ 16 October 2019 2,679,800 2,679,800 - 5,828,155 5,828,155 - MSIP2 8561-MK #2/ 24 January 2019 750,000 750,000 - #3/ 11 June 2019 545,221 545,221 - #4/ 25 September 2019 873,827 873,827 - #5/ 16 December 2019 851,557 851,557 - 3,020,605 3,020,605 - Ministry of Finance of the Republic of North Macedonia 59 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Designated Accounts – EUR Account number 0701-978-001129.6 Depository Bank National Bank of the Republic of North Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 7699-MK Currency EUR (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 1,645,671 1,773,527 Add: Inflows Replenishment during the period - - - - Deduct: Outflows Transfer to treasury account (Mirror designated account) - MKD (1,588,240) (126,658) Transfer to treasury account no. 786 85-MKD (57,431) (1,198) (1,645,671) (127,856) At 31 December - 1,645,671 Account number 0701 -978- 001360.4 Depository Bank National Bank of the Republic of North Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 8158-MK Currency EUR (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 1,640,299 2,208,702 Add: Inflows Replenishment during the period 1,804,630 5,828,155 1,804,630 5,828,155 Deduct: Outflows Transfer to treasury account (Mirror designated account) - MKD (3,443,731) (6,396,558) Transfer to treasury account 78 666 - MKD (1,198) - (3,444,929) (6,396,558) At 31 December - 1,640,299 Ministry of Finance of the Republic of North Macedonia 60 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Designated Accounts – EUR (continued) Account number 00-701-0001627.1 Depository Bank National Bank of the Republic of North Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 8561-MK Currency EUR (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 1,003,266 500,000 Add: Inflows Replenishment during the period 6,578,865 3,020,605 6,578,865 3,020,605 Deduct: Outflows Transfer to treasury account (Mirror designated account) - MKD (7,213,627) (2,517,339) (7,213,627) (2,517,339) At 31 December 368,504 1,003,266 Ministry of Finance of the Republic of North Macedonia 61 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Treasury Accounts (Mirror Designated Accounts) – MKD Account number 090010016778666 Depository Bank National Bank of the Republic of North Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 7699-MK Currency Macedonian Denars (“MKD”) (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 5,616 1,626 Add: Inflows Transfer from designated account - EUR 1,588,240 126,658 Transfer from account 3604 - EUR 1,198 - Return of principal, interest and costs for remittances from municipalities 2,712,299 2,689,497 4,301,737 2,816,155 Deduct: Outflows Amount of eligible expenses paid during the period (422,034) (126,658) Return of withdrawn but unused funds to IBRD (1,167,404) - Transfer of funds to Ministry of Finance for returned principal and interest costs for remittances from municipalities (2,717,915) (2,685,507) (4,307,353) (2,812,165) At 31 December* - 5,616 * The balance on the account 090010016778666 in the amount of EUR 5,616 on 31 December 2019 refers to the prepaid principal from the Municipality of Gradsko based on the sub-loan agreement no. MSIP 15, dated November 17, 2011. Namely according to the sub-loan agreement signed between the MoF and the municipalities that participate in the MSIP, each municipality repays its debt on the MSIP denar account which is afterward transferred to the MoF. Since those funds stay only temporary on the MSIP account and are not envisioned for the financing of project activities, they do not present Project sources of financing and are not included in the Report Project Sources and Uses of Funds. During 2020 the prepaid principal from the Municipality of Gradsko based on the sub-loan agreement no. MSIP 15, dated November 17, 2011 in the amount of EUR 5,616 has been transferred to the MoF. Ministry of Finance of the Republic of North Macedonia 62 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Treasury Accounts (Mirror Designated Accounts) – MKD (continued) Account number 090010016778685 National Bank of the Republic of North Depository Bank Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 8158-MK Currency Macedonian Denars (“MKD”) (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 2,151 - Add: Inflows Transfer from designated account – EUR 3,443,731 6,396,558 Returned unused funds for business trip 674 - Return of principal, interest and costs for remittances from municipalities 2,304,233 2,167,602 Returned transferred money from petty cash 36 245 Transfer from account no.1129.6 -EUR 57,431 1,198 5,806,105 8,565,603 Deduct: Outflows Amount of eligible expenses paid during the period (3,244,658) (6,396,285) Transfer of funds to Ministry of Finance for returned principal and interest costs for remittances from municipalities (2,306,367) (2,165,451) Return of withdrawn but unused funds to IBRD (256,050) - Transferred funds for business trip (674) - Transferred money for petty cash that are returned afterwards - (245) Transfer to petty cash (490) (1,471) (5,808,239) (8,563,452) At 31 December * 17 2,151 * The balance on the account 090010016778685 in the amount of EUR 17 (2019: EUR 2,151) refers to the prepaid principal from the Municipality of Rosoman based on the sub-loan agreement no. MSIP 42 dated December 24, 2014. Namely according to the sub-loan agreement signed between the MoF and the municipalities that participate in the MSIP, each municipality repays its debt on the MSIP denar account which is afterward transferred to the MoF. Since those funds stay only temporary on the MSIP account and are not envisioned for the financing of project activities, they do not present Project sources of financing and are not included in the Report Project Sources and Uses of Funds. Ministry of Finance of the Republic of North Macedonia 63 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Treasury Accounts (Mirror Designated Accounts) – MKD (continued) Account number 090010016778690 Depository Bank National Bank of the Republic of North Macedonia Blvd Kuzman Josifovski Pitu 1, 1000 Skopje, Republic of North Address Macedonia Loan Number 8561-MK Currency Macedonian Denars (“MKD”) (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January - - Add: Inflows Transfer from designated account – EUR 7,213,627 2,517,339 Return of principal, interest and costs for remittances from municipalities 8,806 1,231 7,222,433 2,518,570 Deduct: Outflows Amount of eligible expenses paid during the period (7,213,383) (2,517,339) Transfer to petty cash (244) - Transfer of funds to Ministry of Finance for returned principal and interest from municipalities (8,806) (1,231) (7,222,433) (2,518,570) At 31 December - - Ministry of Finance of the Republic of North Macedonia 64 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Petty Cash in Denar Account Loan Number 8561-MK Currency Macedonian Denars (“MKD”) (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January - 104 Add: Inflows Transfer from Mirror Designated Account – MKD 244 - 244 - Deduct: Outflows Amount of eligible expenses paid during the period (213) (104) (213) (104) At 31 December 31 - Ministry of Finance of the Republic of North Macedonia 65 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Project’s Financial Statements 31 December 2020 Statement of Petty Cash in Euro Account Loan Number 8158-MK Currency EUR (Amounts in EUR) For the period from 01 January 2020 through 01 January 2019 through 31 December 2020 31 December 2019 At 01 January 38 - Add: Inflows Transfer from Mirror Designated Account – MKD 490 1,471 1,471 Deduct: Outflows Amount of eligible expenses paid during the period (492) (1,433) Transfer to account no. 78 685-MKD (36) - (528) (1,433) At 31 December - 38 Ministry of Finance of the Republic of North Macedonia 66 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Notes to Project’s financial statements 1 General On 29 June 2009, the Ministry of Finance of the Republic of Macedonia (MoF), entered into the Loan Agreement numbered 7699-MK with the International Bank for Reconstruction and Development (“IBRD”) for financing the “Municipal Services Improvement Project” (further referred to as “the Project”) in the amount of EUR 18,900,000. On 04 August 2009, IBRD accepted the evidence submitted in fulfilling the conditions precedent to the effectiveness of the Loan Agreement and consequently the Project and the Loan Agreement became effective on the aforementioned date. Reallocation of the loan proceeds was done on 20 December 2011. According to the amendment of the Loan Agreement signed on 7 June 2012, the Closing Date of the Project is 30 November 2017, which was subsequently extended with the Letters for the Extension of the Closing dates signed on 24 December 2014, 18 December 2018 and 30 March 2020. The Closing Date of the project according to the last Letter for the Extension of the Closing dates dated 30 March 2020 is 30 September 2020. The partial cancelation of the loan funds in the amount of EUR 1,220,000 was done on 12 June 2020 according to the World Bank letter dated 29 June 2020 while the final cancelation of the undisbursed loan funds in the amount of EUR 20,283 and closure of loan account was done on 30 March 2021. In response to high demand of municipalities and allocation of funds under Component A in December 2011, MoF formally requested IBRD to Provide additional financing. The loan Agreement numbered 8158-MK (“Additional financing”) was signed on 7 June 2012 and funds became effective on 10 July 2012 for additional financing in the amount of EUR 37,200,000. The Closing Date of the project according to the last Letter for the Extension of the Closing dates dated 30 March 2020 is 30 September 2020. The partial cancelation of the loan funds in the amount of EUR 1,200,000 was done on 12 June 2020 according to the World Bank letter dated 29 June 2020 while the final cancelation of the undisbursed loan funds in the amount of EUR 8,800 and closure of loan account was done on 30 March 2021. The following table underlines the categories of Eligible Expenditures that may be financed out of the proceeds of the Loan No.7699-MK and Loan No. 8158-MK (“Category”), the allocation of the amounts of the Loan to each Category with partial and final cancelation of the loan funds as well as the percentage of expenditures to be financed for the Eligible Expenditures in each Category. Ministry of Finance of the Republic of North Macedonia 67 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Notes to Project’s financial statements (continued) General (continued) 7699-MK 8158-MK Amount of the Loan Category allocated Percen-tage of (expressed in Euro) Amount of the Loan the Expendi- Revised original allocated tures to be amounts (expressed in Euro) financed Sub-loans under Component A of the Project 16,540,650 31,473,000 100% Goods, Works, Consultants’ services and Training for the Project 915,900 2,432,000 100% Grants under Component C of the Project 1,300,000 2,902,000 100% Operating Costs 96,200 300,000 100% Front-end Fee 47,250 93,000 0.25% Partial cancelled amount (1,220,000) (1,200,000) 100% Final cancelled amount (20,283) (8,800) Bank charges for returned withdrawn but unspent funds to IBRD (21) - - Foreign exchange differences for returned withdrawn but unspent funds to IBRD (45) - - Total 17,659,651 35,991,200 On 14 January 2016 the Ministry of Finance of the Republic of Macedonia (MoF), entered into the Grant Agreement 8561-MKD with the International Bank for Reconstruction and Development (“IBRD”) for financing the “Second Municipal Services Improvement Project” in an amount not to exceed EUR 25,000,000. The Closing Date of the project according to the last Letter for the Extension of the Closing dates dated 5 August 2020, is 30 September 2022. The following table underlines the categories of Eligible Expenditures that may be financed out of the proceeds of the Loan No. 8561-MK (“Category”), the allocation of the amounts of the Loan to each Category, and the percentage of expenditures to be financed for the Eligible Expenditures in each Category: Amount of the Loan Percentage of the allocated Expenditures to be Category (expressed in Euro) financed Goods, works, non-consulting services, consultants’ services, Operating Costs and Training (including under Sub-projects) 24,937,500 100% Front-end Fee 62,500 0.25% Total 25,000,000 2 Project Objectives, Activities and Institutional Arrangements Project Objectives and Activities The objective of the Municipal Services Improvement Project (MSIP), including additional financing of the MSIP Project is to improve transparency, financial sustainability and delivery of targeted municipal services in the Participating Municipalities. The Project consists of four components: Component A: Municipal Investments Provision of Sub-loans to the Participating Municipalities to finance Sub-projects in the area of water and sanitation services, solid waste management and other revenue-generating or cost saving investments in communal services selected in accordance with the criteria and procedures set forth in the Project Operational Manual. Ministry of Finance of the Republic of North Macedonia 68 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Notes to Project’s financial statements (continued) Project Objectives and Activities (continued) Component B: Capacity Building and Institutional Reform 1. Provision of consultants’ services and Training to the Participating Municipalities to assist with Sub- projects preparation and implementation. 2. Provision of consultants’ services and Training to the Participating Municipalities and their communal service enterprises to strengthen their capacity in service provision, communications and public outreach activities and in meeting the selection criteria for Performance-based Investment Grants under Component C of the Project. 3. Institutional strengthening of the Borrower’s national agencies through study of policy issues and strategy development related to the financial sustainability of municipal services. Component C: Performance-based Investment Grants Provision of Performance-based Investment Grants to selected Participating Municipalities that meet the performance criteria set forth in the POM as an incentive and reward for improving the performance of municipal service delivery. Component D: Project Management, Monitoring and Evaluation Strengthening the capacity of PMU, Participating Municipalities and their communal service enterprises for Project management, monitoring and evaluation through the provision of goods, consultant services, including Project audit, Training, and financing of Operating Costs. The objective of the Second Municipal Services Improvement Project is to improve transparency, financial sustainability and inclusive delivery of targeted municipal services in the Participating Municipalities. The Project consists of the following parts: Component A: Municipal Investments Provision of Sub-loans to Participating Municipalities to carry out investments in the areas of water and sanitation, road infrastructure (including construction and rehabilitation activities) and other revenue generating or cost saving investments in communal services or of high priority to municipalities, all selected in accordance with the criteria and procedures set forth in the Project Operational Manual. Component B: Poverty and Social Inclusion Investment Grants Provision of Poverty and Social Inclusion Investment Grants to Participating Municipalities as an incentive to carry out investments to improve infrastructure in poorer and marginalized communities within their respective jurisdictions, all selected in accordance with the criteria and procedures set forth in the Project Operational Manual. Component C: Project Management, Capacity Building, Monitoring and Evaluation Strengthening the capacity of the PMU, Participating Municipalities and communal service enterprises for Project management, monitoring and evaluation through the provision of goods, consultant services, including Project audit, training, and financing of operating costs. Institutional Arrangements At all times during the implementation of the Project the Borrower shall maintain the Project Coordination Committee with a composition, resources and terms of reference satisfactory to the Bank. Ministry of Finance of the Republic of North Macedonia 69 “Municipal Services Improvement Project” IBRD Loan number 7699-MK, Loan number 8158-MK and Loan number 8561-MK Notes to Project’s financial statements (continued) Institutional Arrangements (continued) Throughout the duration of the Project the Borrower shall maintain the Project Management Unit responsible for overall management, coordination, monitoring and evaluation of the Project with a composition, staff, resources and terms of reference satisfactory to the Bank. The Borrower shall carry out the Project in accordance with the Project Operational Manual and shall not amend, suspend, abrogate, repeal or waive any provision of said Manual without the prior approval of the Bank. 3 Accounting policies Following are the principle accounting policies adopted in preparation of these financial statements. These accounting policies are consistently applied to all financial periods presented. Basis of preparation The accompanying financial statements have been prepared for the purposes of reporting to IBRD, on the activities of the Project related to the loan received for the completion of the Project’s objectives, in accordance with the respective provisions set out in the Loan Agreement numbered 7699-MK, Loan numbered 8158-MK and Loan numbered 8561-MK signed between the IBRD and MoF. These financial statements are prepared on the cash receipts and disbursement basis and include all Project - related expenditures incurred, which are financed under the provisions set out in Loan Agreement numbered 7699-MK dated 29 June 2009, Disbursement letter dated 29 June 2009, Loan Agreement numbered 8158-MK dated 7 June 2012, Disbursement letter dated 7 June 2012 and Loan Agreement numbered 8561-MK dated 14 January 2016, Disbursement letter, dated 14 January 2016. These instructions closely follow the World Bank’s Disbursement Guidelines for Projects. The financial statements have been prepared for the period from 01 January 2020 through 31 December 2020. Currency translation All accounts are kept in Euro as this is the reporting currency of the Project. Transactions denominated in currencies other than Euro are translated using the Buying Foreign exchange rates of the National Bank of the Republic of North Macedonia for international payment operations of the government bodies of Republic of North Macedonia prevailing at the date of the transaction. Budgeted amounts included in the Statement of Uses of Funds by Project Activity are translated from MKD into Euro using exchange rate 61.5 MKD for 1 Euro. © 2021 Grant Thornton DOO. All rights reserved. ‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refres to one or more member firms, as the context requires. 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