bakertilly Ministry of Education and Technical Education (MOET Supporting Egypt Educt ion Reform (SEER) Project Financial audit of Ministry of Education and Technical Education (MOETE)/ Supporting Egypt Education Reform (SEER) Project financed by International Bank for Reconstruction and Development (IBRD) under Loan Number 8852- EG, for the period from July 1, 2023 to June 30, 2024 Bklly or Fnacid and ManliannTServiceS SAE BEir.y or Fmrtncid & anaqmnt Soeic" is a mornber of tha globd neal, of Ba*t Tilly Intrnadonal Ltd Baer ThIly ntainoinal and the rn noa not a w ldw e partnersNhip the mewberv of whlch are sepaan nOd idOpOndent legal entis Contents Page Background 1 Objectives and Scope of Work 2 Results of Audit 4 Follow Up on Prior Audit Findings 4 Management Comments 4 Independent Auditor's Audit Report 5 Financial Statements and Notes 8 Independent Auditor's Audit Report 14 Independent Auditor's Audit Report 16 Appendix A: List of material assets in Component 5 acquired or procured to date with project funds Appendix B: Management Comments Appendix C: Auditor Comments BflerIly for FLn-inan id Mage t S*rNvfes SAE aerblly for Fina cial & Managemn"t Serices is a member d the globd network of Baker Tilly iterotional Ltd. Ease illy ini-rtWnet and O meober foe are nota worldwide partnership hO member of whlch re separate and d ep-d,t legal entie bakertiLy loise oif fduc1tro IniahiEl & 57 Rnmill \l Block 1B 3rl I loor Ph) Iox 11522 To: Dr. Mohamed Abd El Latif Minister of Education and Technical Education Ministry of Education and Technical Education (MOETE) Cairo, Egypt Dear Sir Baker Tilly for Financial and Management Services (S.A,E) is pleased to submit to you our financial report which presents the results of our financial audit of Ministry of Education and Technical Education (MOETE) / Supporting Egypt Education Reform (SEER) Project financed by International Bank for Reconstruction and Development (IBRD) under Loan Number 8852-EG, for the period from July 1, 2023 to June 30, 2024. Meanwhile we would like to thank you and should you need any further information or clarification, please feel free to contact us. Amr Fathalla, CPA. ESAA Principal Partner Bakbt;ly for FinanCial and ManagroantSInvicas SAE Baketly for Rnanial & Maogemet Sorvics is a onbr of the globar network of Baker Tilly International LtW Bakes Tily IOoloan nal oand the membor fins are not a wonidwide partnrsip rho nnioborn of palcno oro soparaa and Independent legal entiJoi S i ngf J Egypt idi Eucation Reform Project Financial Audit froml Ju1y 1, 2023 to June 0 2024 Financial audit of Ministry of Education and Technical Education (MOETE)/ Supporting Egypt Education Reform (SEER) Project financed by International Bank for Reconstruction and Development (IBRD) under Loan Number 8852- EG, for the period from July 1, 2023 to June 0 2024 To: Dr. Mohamed Abd El Latif Minister of Education and Technical Education Ministry of Education and Technical Education (MOETE) Cairo. Egypt This report presents the results of our financial audit of Ministry of Education and Technical Education (MOETE) / Supporting Egypt Education Reform (SEER) Project financed by International Bank for Reconstruction and Development (IBRD) and Government of Egypt under Loan Number 8852-EG, for the period from July 1, 2023 to June 30, 2024. The Supporting Egypt Education Reform Project loan agreement number 8852-EG was signed in April 21, 2018 between the International Bank of Reconstruction and Development (IBRD) and the Arab Republic of Egypt (GOE) whereby the IBRD awarded a loan to the GOE in the amount of US$ 500,000,000. The proposed project will support Ministry of Education and Technical Education (MOETE) education reform program (2018-2030) over an initial five-year implementation period (2018-2023). The project aims at improving learning quality to increase inclusive growth, prosperity and social cohesion. It is aligned with the World Bank Group's twin goals of eliminating extreme poverty and boosting shared prosperity in a sustainable manner. The project development objective (PDO) is to improve teaching and learning conditions in public schools. It will strengthen the reform of the current Egyptian education system, referred to as Education 1.0 (EDU 1.0), and provide an enabling environment for transforming the Egyptian education sector, referred to as Education 2.0 (EDU 2.0). The project is aligned with MOETE reform program that builds on Egypt Vision 2030. The project comprises five components as follows: - 1. Component 1: Improved Early Childhood Education; 2. Component 2: Effective Teachers and Education Leaders; 3. Component 3: Comprehensive Assessment Reform for Improved Student Learning; 4. Component 4: Enhancing Education Service Delivery through Connected Systems; Sabill fa Fla,,cal and Man amnt Senni ns $ AE Baetll fcr FnanCal & Mtan aement SerMce is a memrber of the global ntwik of Baker TIlly Inernaional Ltd. Sater T maiy Ierna i and the mnnbat fai s ate not a worldwide partneilp the memben r of which are sepaaira and independent Iegal aniies Supporting Egypt LEducation Refori Project I inancial Audit from July 1 2U23 to Juno 30 2024 5. Component 5: Project Management, Communication, and Monitoring and Evaluation implemented by the Project Coordination Unit (PCU) The project will be implemented using investment project financing (IPF) with a results-based funding (RBF) modality. The RBF modality will apply to components 1-4 and will reimburse eligible expenditure programs conditioned on satisfactory achievement of Disbursement-Linked Indicators (DLIs) summarized in the loan agreement. Satisfactory DLls achievement is based on an independent consultant certification, upon which related funding portion will be released to the project. Activities under component 5 will be implemented using IPF with disbursements against eligible expenditures for specific activities set out in the project's Procurement Plan. The IBRD has channelled an advance payment to the project upon inception for US$125,000,000 where US$4,000,000 were advanced under Component 5 and US$ 121,000,000 under Components from 1-4. The Supporting Egypt Education Reform (SEER) Project paid IBRD front end fee on the loan by amount of US$ 1,250,000 which is equal to (0.25%) of the loan amount of US$ 500,000,000 as specified in the loan agreement. Loan Number 8852-EG has been amended twice as of June 30, 2022. The purpose of the first amendment was to approve project restructure dated April 13, 2018. The purpose of the second amendment dated June 2, 2022 was to approve requested restructuring of the project in response to Ministry of international cooperation request letter dated February 21, 2022 and amend table under schedule 4 of the agreement related to Disbursement Link Indicators (DLIs) and the IBRD allocated budget for each DLI achieved accordingly. In its letter dated June 8, 2022, the IBRD approved extending the project closing date for additional 18 months from September 1, 2023 to extended ending close out date by March 3, 2025. The objective of this engagement is to conduct a financial audit of MOETE / Supporting Egypt Education Reform (SEER) Project financed by International Bank for Reconstruction and Development (IBRD) under Loan Number 8852-EG, for the period from July 1, 2023 to June 30, 2024. The specific objectives of this audit assignment are to: 1. State whether, the financial statement of the project funded by IBRD under Loan Number 8852-EG for the period from July 1, 2023 to June 30, 2024 give a true and fair view, in all material respects, of the project's funds received and expenditures incurred for the period under audit in conformity with International Accounting Standards or another comprehensive basis of accounting. 2. The International Bank for Reconstruction and Development (IBRD) financing has been used in accordance with the conditions of the relevant financing agreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided: as follows: * Finance Goods, Small Works, Consulting Services, Non-consulting Services, Training and Operating Costs under component 5 of the Project. * Finance Eligible Expenditures Program under Components 1, 2, 3 and 4 of the Project through Chapter 1 (salaries and wages) of the budget allocated to MOETE. 3. Goods, small works and services incurred in CS and financed by the Project Loan have been procured in accordance with the relevant financing agreements including specific provisions of the World Bank Procurement Policies and Procedures; BakerdlyTor Rnwvitl ed Man"gmnet Services iAE Baterilly ror Flnmncie a Managem.nt Satve Is a mmbew of ine glbal niwork of Baker Tilly Intn onal Ltd eli flily lntnis alr~ and ithe member lm,s are notas worldwide patnersilp the membe. of which are sepa. r i indeperfdeot igd entibes Supporting Egypt Education Reform Project Financial Audit front July 1. 2023 to June 30, 2024 3 4. All necessary supporting documents, records, and accounts have been maintained in respect of all project activities. The auditor is expected to verify that respective reports issued during the period were in agreement with the underlying books of account; 5. The designated Account used for Component 5 has been maintained in accordance with the provisions of the relevant financing agreements, and funds disbursed out of the Accounts were used only for the purpose intended in the financing agreement; 6, National laws and regulations have been complied with, and that the financial and accounting procedures approved for the project (e.g., operational manual, financial procedures manual, etc.) were followed and used; 7. Asset procured from project funds under component 5, if any, exist and there is verifiable ownership by the implementing agency or beneficiaries in line with the financing agreement. 8. Ineligible expenditures included in the financial statements are identified and reimbursed to the Designated Accounts. These should be separately noted in the audit report. The preliminary planning and audit procedures started on July 14th, 2024 and consisted of the following actions: 1. Meeting with the recipient's management to update our understanding about the project activities and ascertain any concerns that should be addressed in our audit. 2. Update our understanding of the recipient's operation, including its organizational structure, and the external and internal factors affecting its operation. 3. Identifying significant accounts and accounting applications, the important budget lines items, significant provisions of laws and regulations and relevant controls over the recipient's operations. 4. Performing a preliminary risk assessment to identify high-risk areas and sample size and the proper audit procedures. The fieldwork segment of our audit commenced on September 2nd, 2024 and was completed on December 301h 2024. The scope of our work was to audit costs incurred by MOETE financed by IBRD under Loan Number 8852-EG, during the period from July 1, 2023 to June 30, 2024. It also included an examination of the funds received from The IIBRD during the same period, and reconciliation of the fund balance as of June 30, 2024 with the recipient's cash and bank balances. Within each budget line item, we selected transactions on a judgmental basis to perform a substantive test of details. Our tests of expenditures included but were not limited to the following: 1. Reconciling MOETE/SEER's accounting records to the Project Financial Statement issued to IBRD and testing costs for eligibility with the relevant financing agreement and adequate supporting documentation; 2. Determining whether the costs incurred by MOETE/SEER's and funded by The IBRD were appropriate, BakerJilly for Financial and Management Seavices SA E Bake"ify for Financil & Management FS rvic s ia member of the globa[ network of Osker lilly tntenatuonl Ltd. Sokor Thly Internalic nl 44 thn mrisber Arms, are not.a woridide partnershlIp theo sanr botn of sloth are separatend d opend niIt lsfides Supporting Egypt Education Reform Project Financial Audit trom July 1, 2023 to June 30. 2024 consistent with the terms of the agreement and applicable rules and regulations and adequately supported. 3. Testing the adequacy of MOETE/SEER's internal controls to reasonably assure that * Transactions were executed in accordance with the approved budget and significant provisions of applicable laws and regulations and; * Transactions were properly recorded, processed and summarized to permit the preparation of the financial statement and to maintain accountability of the project's assets. Finlanc.ial Statcrmults Our audit did not identify any questioned cost in expenses incurred by MOETE/SEER project and reported to the International Bank for Reconstruction (IBRD) during the period July 1, 2023 to June 30, 2024. litteritl Contr,l Structure Our audit procedures did not identify any material reportable condition in connection to the project's internal control structure. Comtpliaine with Laws ailu ReUulatioiS Our audit procedures did not identify any material instance of non-compliance with the project's internal policies and procedures, agreement terms and applicable laws and regulations. We have reviewed the prior independent audit report dated December 4h, 2023. The auditors did not identify any question costs or any findings related to internal control structure and/or any instances of noncompliance with laws, regulation and agreement's terms. Therefore, no follow up work was performed. This report is intended for the information of the Supporting Egypt Education Reform Project's management and International Bank for Reconstruction and Development (IBRD) and others within the organization. However, this report is a matter of public record and its distribution is not limited. MOETE/SEER project's management have agreed on our report Since the report did not identify any questioned costs, reportable instances of internal control deficiency or compliance with laws and regulations, management had no issues to address. Baker Tilly for Financial and Management Services (S.A.E) Cairo, Egypt December 30", 2024 Baketilly lor Fnam cat -d Manag-lSetm eice. SAE 8a= trUlly for Fianc,al & Men-g-mnt Servilce is, inemb4r of the global network of Baker 111 lteri lJOb Ltd Beker flly Intinalinal and he mgbo iims aft not. worldwide parnosilp the armbrI his of which 0se separate and ladependot egal untiles Supporting Egypt ElUcation Romrn Projec Finnm i Audit from July 1 2023 to Jne 30 2024 Report on Financial Statements Independent Auditor's Report To: Dr. Mohamed Abd El Latif Minister of Education and Technical Education Ministry of Education and Technical Education (MOETE) Cairo, Egypt We have audited the Financial Statements of Ministry of Education and Technical Education (MOETE) / Supporting Egypt Education Reform Project under Loan Number 8852-EG between the Government of Egypt and the International Bank of Re-construction and Development (IBRD), which compromise the Fund Accountability Statement for the period from July 1, 2023 to June 30, 2024, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying Fund accountability statement presents fairly in all material respects, the financial position of the Project, in accordance with the cash basis of accounting as described in note 2 to the financial statements. Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current year. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For matter below, our description of how our audit addressed the matter is provided in that context. We Draw attention to note (2) to the Financial Statements. Which describes the basis of accounting The Financial Statements is prepared to assist the project management to comply with the financial reporting provisions in accordance with the Note (2) of the notes to the Financial Statements. As result, the Financial Statements may not be suitable for another purpose. We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the financial Statements section of our report. We are independent of the MOETE/SEER in accordance with the International Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Bakerdily for Floancoal and Mangement ServiesSkAE 8atedily for Finawcal & Maagpirr*nt Sarvcn in a mtnrbef of te globi networr Bo aW Tilly Internodonal Ltd Ba. Tilly Intenationuj and the menber rims ore not a worldwide patneriip (he m bain of which are epaate an Indepndent Legal elis Sup)port ing Egypt Education Reform Project Fina rig aI Auit i! ii Jul 1, 2023 to Julnic 30. 2024 Management of MOETE/SEER is responsible for the preparation and fair presentation of the Financial Statements in accordance with applicable accounting standards, and for such internal control as management determines is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for overseeing the project's financial reporting process Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists, Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements. As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: * Identified and assessed the risks of material misstatement of the Financial Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control * Obtained an understanding of internal control relevant to the audit 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. * Evaluated the appropriateness of accounting polices used the reasonableness of accounting estimates and related disclosures made by management. * We communicated with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. * From the matters communicated with those charged with governance, we determined those matters that were of most significance in the audit of the fund accountability statement of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Bak,,iy ftr Finac a nd Magarent Srvie SA E Bakerbiy for Finncl & nag nt Srvices isa mmonbr of the global atwotk of Baker Tilly internaional Ld. Baker Tily InternaUonal and lre aertr i r s ore not a worldwi,departnerrhip thoe rber of wac are sa ro and indeperdent l gal entiies Supporting Egypt Educition Reform Project Financial Audit trom July 1, 2023 to June 30. 2024 The project keeps proper accounting records which include all that is required by law and the statutes of the project and the accompanying Financial Statements in agreement therewith. This report is intended solely for the information of Ministry of Education and Technical Education (MOETE)/ Supporting Egypt Education Reform (SEER) Project's management and International Bank of re-construction and Development (IBRD) and others within the organization. However, this report is a matter of public record and its distribution is not limited. \J?xVKCV\ ; 7 > QrV.ncs CAO3 k >AO N>C yY1PV VC &\L Baker Tilly for Financial and Management Services (SA.E) Cairo, Egypt December 301h, 2024 Bakertily for Flnamnal and Mangemnt Serovca SAE akenrlly for Financal & Managemet Serovice Is a membef of u'e global networof BakIer filly Inlarraonal Ltd Bak!er Tlily interaioral And the member lirms are nota worldwide partentiMhp im morhit of which are separex and ifudande t legal enntir � 4 8У � � � С1. 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Notes to the Financial Statements The Financial Statements are the representation and the responsibility of MOETE/SEER's management. The financial statements are compromised of two statements as follows: - [-' V if l " I 1 1 11 1' 11 11v , !i. i t , 1 1 - it l - i ! i 11 , , I '1 1 , The "Budget' columns for US$ Millions 2,000 represent the total budget amounts approved for entire project amounts according under Loan Number 8852-EG as of June 30, 2024 including ORD budgeted finance of LIS$ Millions 500 as well as Government of Egypt budgeted finance of US$ Millions 1,500. The main budget categories are presented for reporting purposes only. The "Actual Expenditures" columns identify the total eligible costs incurred by the project cumulatively and by two different audited periods. The "From Inception to 30/6/2023" column presents the project eligible costs incurred during the previous audit periods The "From 01/07/2023 to 30/6J2024" column presents the project costs incurred during the period under this audit. The "As of 30/6/2024 n column presents the cumulative project eligible costs incurred up to June 30, 2024. These columns are presented for reporting purposes only- The "Questioned Costs" columns represent audit results and are included in the financial statements for presentation purposes only. The "Budget" columns identify the total budget amounts approved for entire project according under Loan Number 8852-EG as of June 30, 2024 and by two different categories. The "IBRD finance" column represents the approved budget for finance by IBRD share "The Loan" in total project budget against Disbursement Link Indicators (DLls) in the amount of 500 US$ Millions. The `EGY finance" column represents the approved budget for finance by Government of Egypt share in total project costs in the amount of 1,500 US$ Millions, The main budget categories are presented for reporting purposes only. The "Actual Expenditures" columns identify the portion of total project eligible costs incurred by the project for achieved Completed Disbursement Link Indicators (DLls) and financed by IBRD Loan cumulatively and by two different audited periods. The "From Inception to 30/612023" column presents the ORD finance for costs incurred agairst DI-Is achieved during the previous audit periods. The "From 01107/2023 to 3016/2024" column presents the IERD finance for costs incurred against DLIs achieved during the period under this audit. The "As of 30/6/2024" column presents the cumulative IBRD finance for costs incurred against DI-Is (Except component 5 not against DLIs) achieved up to June 30, 2024. These columns are presented for reporting purposes only, -d SAE R v ManaVirnent Sorvk" Is , manabor of the global rwrin-flk of Baker Tilly IniannaboniA Ltd. Bek yIntiii J and the marnber fims ato not a Worldwide pantherahlp the maiinbem of wrtileb ate separate and DilopqMentlegal iii Supporting Egypt Eduialti Rtorm Project I I, un i 1 A fdnit Jr uly 1. 2023 to June 30, 2024 1 The "Questioned Costs" columns represent audit results and are included in the financial statements for presentation purposes only. The fund accountability statement was prepared on the basis of cash receipts and disbursements. Consequently, revenues are recognized when they are actually received and expenditures are recognized and considered incurred when they are actually paid. The project funds are received in U.S. dollars functional currency. Expenditures paid in Egyptian pounds (LE) have been converted to U, S. dollars ($) in accounting records at average exchange rate of EGP 39.51 to US$1 during the period from July 1, 2023 to June 30, 2024. As of the date of the financial statements, cash and bank balances denominated in functional EGP has been converted to U.S. dollars at the exchange rate of EGP 48.08 to $1 as of June 30, 2024 as opposed to EGP 30.8423 to $1 as of June 30, 2023 where differences are charged as foreign currency gain/loss in the Fund Accountability Statement. The exchange rates used is the official exchange rate declared by Central Bank of Egypt as of June 30, 2024. This re-evaluation is prepared for reporting purposes only. Supporting Egypt Education Reform (SEER) Project paid IBRD front end fee on the loan by amount of US$ 1,250,000 which is equal to (0.25%) of the loan amount of US$ 500,000,000 as specified in the loan agreement. The fund balance represents the difference between funds received from IBRD and expenditures incurred by the project during the period from inception to June 30, 2024. The PCU column represents the Project Coordination Unit designated bank accounts under Component 5 of the loan agreement. The GOV column represents the Government of Egypt/Ministry of Finance project designated bank accounts under Components from 1 4. The total column represents total project designated bank accounts. L:at'h a nd 13ank IHook H.du atnce .at 11eg.inn.ing of P'roject S' 40S Add;. I unds rc.edI ronn h .11 11-11) 1 e ,n I s iI --a 1. 5 ,0 40 1 .2940,440 - Ij'''''4 125,44, k4iHof, 1anki,1 I. -ok Baie a tf Jue 30 2C24 3.095,196 76,2.50,000 79,345,186 1ltkI Stt, I--te,c as -- f J -- 241 4 1144),8 $6244.1416 793.1 6n Add: Reresemntedl In,;- flank Book Balance US$ - Currnt Account 4/082/1873415 39,757 39,757 Bfank Book Balance ECP Current Account 4/082/78504/3 4.358 4.5.4 Bank B-k Balance US$ - Current Account 4/082/18733/2 3,035,551 3,136,561 Dank Book t Laanc L-P in USS - Curnt Account 91450/78603/O 54,020 54,02o flank Book Balance EGP in US$ - MOE Financial unit 9190447778 1,335 1,335 total Cash in Banks and on Hand $3.091,917 $44,115 $3.136.032 kedlelly -or F1nania and Managtee Services SA.E B1ergly or Finnca & Managenent Service Is a menber of the global networtf 13aket Tilly lnterhaton.1 Ltd laier Tilly Intioral end the mernber rime are notewardde partnership lhe memers o which are aeparai and independent *al atdies SLipporting Egypt L Harman/Kardon ViewSonic X-$Åý A M E Stud io T T Tos h i ba D3400 18-55 ÅýjU:ý VR KIT jj jLS Multimedia Keyboard RP - 16888 gaming keyboard CD drive silver Kenwood -;J r - Mienta fresh brew- ->51 ý, To A+, ý.Aý CM31216A Beko silver -Ad _)4 * Åz-'4ý LrI-" - NV TSE123405 Mienta silver -;J N,v ø4A Page 2 of 3 Delonghi u yi OFFICEJET250 HB Å Y -Page 3-f- Page 3 of 3 Fioed Asse1 List SN PF1975WVL PF16WB34 PF11CSOS OS WndowS 10 home Bronze LENEOVO YOGA - j4UJ PF172QEC "- C920-131KPB Intel 17-8550U 1,8G RAM OG Display 13 9FHD PF15WH7 a 221100 36850 6 PF12W5OU 1 3668855 2700 450 6 Microsoft WKF '1 2 CN-CO3GS8-FCCOO-eB5-AD3[ CN-0)03GSS-FCCVO-SB S-AO41 CN-003GS8-FCC0C-SBS-ADOI CN-OC3G58-FCCO0-8i35-A7UI-A05 CN-003GSS-FCCO0-865-ADFI,½ f 14700 2450 6 CN-003G58-FCCo0 8B5-ADDi DELL 22iNCH LEO FULL HD 3 OC1AC78-4519X100297 01AC792180X101368 001JAC792188X 101253 001AC792188X101135 CO1AC784519X100428 9000 1500 a N Person 12-M subs Personal o ai-j>u s 4 i-ýj TBtybeCmaletoHDM Male MjHDMI -USB rJoe J 2700 450 6 mM s 12745 12745 1 PHBLL7B5C lase Jet pm HP printer 426FDW " 6 5600 5600 1 > k v systemmax 1200w ups + 7 10900 10900 1 VDA184600354 viewsonic X Harman/Kardon 8 15850 15850 1 CULE16764 .s Ji Toshiba 2802AM E Studio k4 9 K>- 12450 12450 1 8882337 1A1,-A 1 03400 18-55 VR KIT >4 I.1s4 +,- 1uS 10 605 605 1 MNA eb2 fi 11 2700 450 6 #NIA J ¾-,0 Keyboard RP - 16888 Mutlimedia gaming keyborad 12 6500 6500 1 NA k 45: 13 1500 1500 1 C D drive 14 4377 4377 1 2k1831242140 kenwood alver 4 r s-mj, 15 2850 2850 1 CM31216A-3318 Mienta fresh brew-CM31216A A - 16 6692 6692 1 TSE123405 ,41 Beko silver TSE123405 J 17 1575 1575 1 EK20920A-4818 , - 1Menla silver 18 6500 6500 1 EC685 1 Delon b 19 341.044.00 _ 1 DGF7S19813007998 MIFI vodofone E5573c 34 1 87Z7S19A19001369 USB Modem Vodafone 4G E8372 35 50050000000 sen pl3w2afk non touch sptop lenovo 1 50000 50000 1 Cn pf3w2ak7 - -non touch laptop lenovo 2 50000 50000 1 san pf3w21xb non touch laptop lenovo 3 16500 16500 1 sn th22a851ym hpoficejet250 51750 51750 1 273531032 atouchlaptop sn 218250 559,294 00 Appendix B Financial audit of Ministry of Educatio and Technical Education (MOETE)/ Supportn Egypt Education Reform (SEER)Projec: financed by International Bank for Reconstruction and Development (lBRD) under Loan Number 8852-EG, for the period from July 1, 2023 to June 30, 2024 Management Comments MOETE/SEER project's management have agreed on our report. Since the report did not identify any questioned costs, reportable instances of internal control deficiency or compliance with laws and regulations, management had no issues to address. BtaerIlly for Finn-i -nd lanagemet Servic's SAE Bakeott or FI & ManagiiemenL Services I a norbe of th global nw A B i Tilly lntnoadael Ltd- Uahaf Tilly laminatia .ad tho mmber fius re no[ a waidwid pa dnship the rnnbr of whicIn are ueprale and independent leg" ettes Appendix C Financial audit of Ministry of Educa.ior and Technical Education (MOETE)/ Supporting Egypt Education Reform (SEER)Pro ec financed by International Bank for Reconstruction and Development (IBRD) under Loan Number 8852-EG, for the period om July 1, 2023 to June 30, 2024 Auditor Comments Since the report did not identify any questioned costs, reportable instances of internal control deficiency or compliance with laws and regulations, management had no issues to address and we a, as auditors, had no further comments. Nakerlly fo r Fin ta nd Man emenit Service SA,E ettilyfto~ rwInn & Man n S s I a mnber of the lobd newokerd, k ,f Tilly Inter"onal Lid I8aker Tilb lnainional avd ihmember armen twol rlWdwideparnership Lhe mOWrn whbe re Wi a ral end independent lel ntilies �� • �3с� i��' Г� 1 ���'` Е}аkегб�Уу Уог fiirvaпciN апд мвпsgепет ;пrйсм S.А.Е. Bвksrtllly for Ffnвпciai S Мапвq Рпгпt Sпг� lcas 1s апп�.ьпЬаг йihe рkаЬгl neAvrark о} 8akor Тг1tу IпцяrпаUьпаl L1d. ®вkег Tf1ly Wniematitп� впд цие тып6аг б�.ппs агы пиtа waridvпde риМапЭдЯ 1hа�мввпlаеп аУ w�ëch� агв иирагаге апд lndependeпtlagd епСяtlве