OFFICE OF THE PRINCIPAL ACCOUNTANT GENERAL (AUDIT-LI) TAMILNADU & PUDUCHERRY No. PAG (Audit II)/AMG II/Tech cell/2024-25/ 2.+ 19.06.2024 Report of the Comptroller and Auditor General of India To The Special Chief Engineer, WRD Palar Basin Circle, Chepauk, Chennai-600005 Report on Project Financial Statements We have audited the accompanying financial statements of the Chennai City Partnership: Sustainable Urban Services Program financed under World Bank Loan/Credit No.9247-IN, which comprises the Statement of Expenditure (SOE), Statement of Sources and Application of funds and Reconciliation of claims to total application of funds for the financial year 2022-23. Preparation of these Financial Statements is the responsibility of the project's management. Our responsibility is to express an opinion on the accompanying financial statements based on our audit. We conducted Audit in accordance with the C&AG's Auditing Standards 2017 promulgated by the Comptroller and Auditor General of India. We plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We examined 100 per cent of total expenditure as per SOE and the evidence supporting the amounts and disclosures in the financial statements. We also assessed the accounting principles used and significant estimates made by the management and evaluated overall presentation of the statements. In our opinion the financial statements present fairly, in all material respect, the source and application of funds of Chennai City Partnership: Sustainable Urban Services Program for the period 01.04.2022 to 31.03.2023 is in accordance with the Government Accounting Standards. " w9tfi Wf" 361, aTwffT MT, * -600 018 "Lekha Pariksha Bhavan", 361, Anna Salai, Chennai - 600 018 q.t/Phone :044 - 24316560 to 6566 <;ff/Fax :044 -2431 1659 t-*Tr/F-mail: agautamilnadu2@cag.govin In addition, (a) with respect to SOE adequate supporting documentation has been maintained to support the claims to the World Bank for reimbursement of expenditure incurred and (b) except for ineligible expenditure incurred which is "NIL", the expenditure of Z 81,774/- is eligible for financing under loan/credit agreement. During the course of Audit, documents relating to entire expenditure were examined, and these can be relied upon to support reimbursement under the loan agreement. This report is issued without prejudice to the Comptroller and Auditor General's right to incorporate the audit observations in the report of Comptroller and Auditor General of India for being laid before Parliament/State or U.T. legislature. Deputy Accountant General OFFICE OF THE PRINCIPAL ACCOUNTANT GENERAL (AUDIT-ll) TAMILNADU & PUDUCHERRY No. PAG (Audit II)/AMG 1/Tech cell/2024-25/ 2-9 19.06.2024 Report of the Comptroller and Auditor General of India To The Special Chief Engineer, WRD Palar Basin Circle, Chepauk, Chennai-600005 Report on Project Financial Statements We have audited the accompanying financial statements of the Chennai City Partnership: Sustainable Urban Services Program financed under World Bank Loan/Credit No.9247-IN, which comprises the Statement of Expenditure (SOE), Statement of Sources and Application of funds and Reconciliation of claims to total application of funds for the financial year 2023-24. Preparation of these Financial Statements is the responsibility of the project's management. Our responsibility is to express an opinion on the accompanying financial statements based on our audit. We conducted Audit in accordance with the C&AG's Auditing Standards 2017 promulgated by the Comptroller and Auditor General of India. We plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We examined 100 per cent of total expenditure as per SOE and the evidence supporting the amounts and disclosures in the financial statements. We also assessed the accounting principles used and significant estimates made by the management and evaluated overall presentation of the statements. In our opinion the financial statements present fairly, in all material respect, the source and application of funds of Chennai City Partnership: Sustainable Urban Services Program for the period 01.04.2023 to 31.03.2024 is in accordance with the Government Accounting Standards. "WtIT W" 361, uMit M*, *it-600 018 "Lekha Pariksha Bhavan", 361, Anna Salai, Chennai - 600 018 I.W/Phone: 044 -24316560 to 6566 %iW/Fax: 044 - 2431 1659 t-Alf/E-mail: agautamilnadu2@cag.gov.in In addition, (a) with respect to SOE, adequate supporting documentation has been maintained to support the claims to the World Bank for reimbursement of expenditure incurred and (b) except for ineligible expenditure incurred which is "NIL", the expenditure of 2,43,17,000/- is eligible for financing under loan/credit agreement. During the course of Audit, documents relating to entire expenditure were examined, and these can be relied upon to support reimbursement under the loan agreement. This report is issued without prejudice to the Comptroller and Auditor General's right to incorporate the audit observations in the report of Comptroller and Auditor General of India for being laid before Parliament/State or U.T. legislature. Deputy Accountant General