31 MAR 201 RECEIVED pwc 31 MAR 2016 THE SCALING UP PARTICIPATORY SUSTAINABL EqgJ f 0 MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 OCTOBER 2014 to 30 SEPTEMBER 2015 CONTENTS PAGE(S) Statement by the Project management 1-2 Independent auditor's report 3 -4 Statement of receipts and disbursements 5-6 Statement of fund balance 7 Notes to the financial statements 8-31 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 STATEMENT BY THE PROJECT MANAGEMENT Ministry of Agriculture and Forestry Department of Forestry Scaling Up Participatory Sustainable Forest Management Project Scaling up of Participatory Sustainable Forest Management Project (SUPSFM) is the third in a series of Sustainable Forestry for Rural Development Projects (SUFORD) designed to put the country's Production Forest Areas (PFA) under Participatory Sustainable Forest Management (PSFM). The Government of the Lao People's Democratic Republic ("GOL"), through its Ministry of Agriculture and Forestry and the Provincial Government of each of the Project provinces, is implementing the Project with financial assistance from the International Development Association (IDA) and the Forest Investment Program (FIP) of the Climate Investment Fund (CIF). The main purpose of the Project is to assist the GOL to achieve the sustainable management of production forests to alleviate rural poverty in the Project provinces, to reduce emissions from deforestation and forest degradation (REDD+), as well as to conserve biodiversity and other resources in its forests thereby contributing to global efforts to mitigate climate change by implementing the forest policy reform actions and policies set forth in the Letters of Forest Management Policy. The Project consists of the following parts: * Strengthening and Expanding PSFM in Production Forest Areas * Pilot Forest Landscape Management * Enabling Legal and Regulatory Environment * Project Management On 8 August 2013, The Government of the Lao People's Democratic Republic (GOL) had agreements with International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD) as below: Grant No. H852-LA (IDA) The Government of the Lao People's Democratic Republic (GOL), through its Ministry of Agriculture and Forestry and the Provincial Government of each of the Project provinces, is implementing the Project with financial assistance from International Development Association (IDA) under Financing Agreement Grant No. H852-IA in an original approved amount of US$ 19,ooo,ooo.0o (Nineteen Millions United State Dollars) equivalent to SDR 12,700,000 (Twelve Millions Seven Hundred Thousand Special Drawing Rights) with the percentage of 6o % of expenditures to be financed for Eligible Expenditures in each Category. The Project was declared effective on 30 August 2013 and expected to be closed by 31 August 2018 with the application deadline on 31 December 2018. Grant No. TFo15286 (FIP) The Government of the Lao People's Democratic Republic ("GOL"), through its Ministry of Agriculture and Forestry World Bank agreed to extend financial assistance from Strategic Climate Fund Grant Agreement under Grant Agreement No. TFo15286 in an amount of US$12,830,000 (Twelve Millions Eight Hundred Thirty Thousand United States dollars) with the percentage of 40 % of expenditures to be financed for Eligible Expenditures in each Category .The Project was declared effective on 30 August 2013 and expected to be closed by 31 August 2018 with the application deadline on 31 December 2018. 1 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852 AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 STATEMENT BY THE PROJECT MANAGEMENT The proceeds of the proposed Grants will be disbursed against the following disbursement categories: Disbursement Category IDA FIP Financing Amount in Amount in USD Percentage USD (inclusive of taxes) Civil works, Goods, Consultant IDA 6o%/SCF-FIP 40% ± Services, Training and Workshops 2 Village Livelihood Grant 3,6oo,ooo 2,400,000 IDA 6o%/SCF-FIP 40% 3 Incremental Operating Costs 7,734,154 5,156,102 IDA 6o%/SCF-FIP 40% 4 Unallocated 453,312 465,542 IDA 6o%/SCF-FIP 40% Total 19,000,000 12,830,000 Funds will flow from World Bank to Designated Account (DA) denominated in US Dollar at the Bank of Lao PDR, the DA ceiling shall be US$ 2.5 million with US$ 1.5 million for IDA portion and US$ 1 million for FIP portion. Project operating accounts (OA) are to be opened at commercial banks at the National and Provincial level with a ceiling of US$ 3oo,ooo for DOF/NPMO and in each province with a ceiling of US$ 1oo,ooo. The Project maintains its records and prepares its financial statements on the basis of accounting described in Note 2 to the financial statements. Any direct payments made by financiers for Project expenditure are recorded by the Project when the payment is notified to the Project by IDA. The financial statements are the responsibility of the Project's management. The following components of the financial statements summarize the Project's position and performance: * Statement of receipts and disbursements * Statement of fund balance * Statement of Designated accounts (Note 6) * Statement of expenditure (Note 13) As the responsible officials, we do hereby state that the financial statements to the best of our knowledge and belief: - have been prepared in accordance with IDA' s requirements; and - have been prepared, in all material respects, of the fund balance of the Project as at 30 September 2015 and its receipts and disbursements for the period from ol October 2014 to 30 September 2015 in accordance with the basis of accounting set out in Note 2 to the financial statements. We also hereby state that the statement of expenditure only includes costs which are eligible for financing Development IDA Grant No. H852 and FIP Grant No. TFo15286 and adequate supporting documentation has been maintained for these costs. On behalf of the ect: ......... ................ ....... . ......... Mr. Bounpone SENGTHONG Mrs. Vilayphone SEGNSAVANG Head of National Project Management Coordinator Head of Financial Unit Date: 30 March 2016 Date: 30 March 2016 2 Jt pwc INDEPENDENT AUDITOR'S REPORT TO THE GOVERNMENT OF LAO PDR (GOL), THE MANAGEMENT OF THE PROJECT AND THE INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA) ON THE FINANCIAL STATEMENTS OF THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No.TFol5286 We have audited the accompanying statements of receipts, disbursements and fund balance of The Scaling Up Participatory Sustainable Forest Management Project (the Project) for the period from , October 2014 to 30 September 2015, and a summary of significant accounting policies and other explanatory information (together the "financial statements"). The financial statements have been prepared by management of the Project in accordance with the accounting policies described in Note 2 to the financial statements. Managements responsibility for the financial statements Management is responsible for the preparation of these financial statements in accordance with the accounting policies described in Note 2 to the financial statements and for such internal controls as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. 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 entity's preparation 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 entity'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. Pricewa terhouseCoopers (Lao) Co., Ltd. 4"' Floor, ANZ Commercial Building, 33 Lane Xang Avenue, PO Box 7oo3, Telephone: + 85621222718-9, Facsimile: + 856 21 222723, www.pwc.com/la 3 -L pwc Opinion In our opinion, the financial statements for the period from 1 October 2014 to 30 September 2015 are prepared, in all material respects, in accordance with the accounting policies described in Note 2 to the financial statements. Basis ofaccounting Without modifying our opinion, we draw attention to Note 2 to the financial statements, which describe the basis of accounting, The financial statements were prepared to assist the Project in complying with the financial reporting provisions of the agreement above. As a result, the financial statements may not be suitable for other purposes. Other matters This report is intended for the information of the Project and IDA/the World Bank, and for no other purpose. However, upon release by IDA/the World Bank, this report will be a matter of public record and its distribution will not be limited. We do not, in giving this opinion, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come, except where expressly agreed by our prior consent in writing. For PricewaterhouseCoopers (Lao) Co., Ltd By Apisit Thieng i Director n Vientiane, Lao PDR Date: 30 March 2016 ................................................... ...... ... .......... ............ . ......................... ................... I PricewaterhouseCoopers (Lao) Co., Ltd. 4th Floor, ANZ Commercial Building, 33 Lane Xang Avenue, PO Box 7003, Telephone: + 856 21222718-9, Facsimile: + 856 21222723, www.pwc.com/la 4 ci 0 S oå o à 04 04 0 0 O m cý 0 0 0 00 C4 ci c E-, C;T In 0 C~~ CAy,w COf u 000 00 k- L 0 00 M PwO ø- C4 c 0ø c Z ej oi. i '00 ] 2 ]0 m 0 9 0\ 0 -~4 H 0 H 04 C) cý b CO0 t C 8 o o UD 0 0 00 bi de Z 0j 1-4 a o 0 x uIE i q .......... ~c m CI 0o 0 00 jé 000 M ci 0 C4 C -6H1 o oC coc 0 cq 0 C-r ree -044 F-i 0 o I t q "Do 14- 0 c 8 P4~ I 1 j" æ :0 IZI 00wCý .6-I ý 0 1- m li lito8 o cca 00$ bEO ~~fl~ 15IIt-4 1 0 oom, å~~ 0l R38 \00 \00 C4J ',0I cd co,, cqc co 0 C4- -ci 4-4 I00 00ý cc4 PQ cý CDN +02 w 0 '-2- 0 -0 PQQ P;4 4-Cs, cd Cd PQ 0 ~ Cd ro 0 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM I OCTOBER 2014 TO 30 SEPTEMBER 2015 GENERRAL INFORMATION OF THE PROJECT The Government of the Lao People's Democratic Republic (GOL), through its Ministry of Agriculture and Forestry and the Provincial Government of each of the Project provinces, is implementing Scaling up of Participatory Sustainable Forest Management Project (SUPSFM) with financial assistance from the International Development Association (IDA) and the Forest Investment Program (FIP) of the Climate Investment Fund (CIF). The main purpose of the Project is to assist the GOL to achieve the sustainable management of production forests to alleviate rural poverty in the Project provinces, to reduce emissions from deforestation and forest degradation (REDD+), as well as to conserve biodiversity and other resources in its forests thereby contributing to global efforts to mitigate climate by implementing the forest policy reform actions and policies set forth in the Letters of Forest Management Policy. The Project consists of the following parts: * Support Services for Sustainable Forest Management * Sustainable Forest Management and Village Development * Forestry Sector Monitoring and Control * Project Management On 8 August 2013, the government of Lao PDR had IDA and FIP Grant Agreements as below: GRANT No. H852-LA (IDA) The Government of the Lao People's Democratic Republic (GOL), through its Ministry of Agriculture and Forestry and the Provincial Government of each of the Project provinces, is implementing the Project with financial assistance from International Development Association (IDA) under Financing Agreement Grant No. H852-LA in an original approved amount of US$ 19,ooo,ooo.oo (Nineteen Millions United State Dollars) equivalent to XDR 12,700,000 (Twelve Millions Seven Hundred Thousand Special Drawing Rights) with the percentage of 6o % of expenditures to be financed for Eligible Expenditures in each Category . The Project was declared effective on 30 August 2013 and expected to be closed by 31 August 2018 with the application deadline fixed on 31 December 2018. In Project implementation activities comprises national level cost centers such as: Department of Forestry (DOF), Department of Agricultural Extension and Cooperatives. (DAEC), Department of Forest Inspection (DOFI), National Agriculture and Forestry Research (NAFRI), Ministry of Natural Resource and Environment (MONRE), Ministry of Industry and Commerce. (MOIC), Ministry of Finance (MOF) and 13 provincial level cost centers such as: Luangnamtha, Bokeo, Oudoixay, Xayabouly, Vientiane, Bolikhamxay, Khammouane, Savannaldet, Salavan, Sekong, Champsack, Attapeu and Xaysomboun. 8 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 1. GENERRAL INFORMATION OF THE PROJECT (CONTINED) GRANTNo. TFol5286 (FP) The Government of the Lao People's Democratic Republic (GOL), through its Ministry of Agriculture and Forestry World Bank agreed to extend financial assistance from Strategic Climate Fund Grant Agreement under Grant Agreement No. TFoi5286 in an amount of US$12,830,000 (Twelve Millions Eight Hundred Thirty Thousand United States dollars) with the percentage of 40 % of expenditures to be financed for Eligible Expenditures in each Category. The Project was declared effective on 30-August-2013 and expected to be closed by 31 August 2018 with the application deadline on 31 December 2018. The Project was declared effective on 30 August 2013 and expected to be closed by 31 August 2018 with the application deadline fixed on 31 December 2018. In Project implementation activities comprises national level cost centers such as: Department of Forestry (DOF), Department of Agricultural Extension and Cooperatives. (DAEC), Department of Forest Inspection (DOFI), National Agriculture and Forestry Research (NAFRI), Ministry of Natural Resource and Environment (MONRE), Ministry of Industry and Commerce. (MOIC), Ministry of Finance (MOF) and 13 provincial level cost centers such as: Luangnamtha, Bokeo, Oudomxay, Xayabouly, Vientiane, Bolikhamxay, Khammouane, Savannakhet, Salavan, Sekong, Champsack, Attapeu and Xaysomboun. World Bank has provided the initial advanced of funds and replenishments into the Designated Account and the Project has advanced funds to the Project Operating Accounts at the National and Provincial level. The statements of receipts and disbursements and fund balance include the accounting for the receipt and usage of these funds. The following terms are used in this note to the financial statement with the meanings specified. Abbreviations Meaning AF Additional Fund DA Designated Account DOFI Department of Forestry Inspection DOI Department of Inspection GRDT Grant NAFES National Agriculture Forestry and Extension Services NAFRI National Agriculture and Forestry Research Institute NPMO National Project Management Office PAFO Provincial Agricultures Forestry Office PFS Provincial Forestry Sector PMO Project Management Office SA Designated account VLD Village Livehood Development VTE Vientiane Province WD Withdraw 9 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM I OCTOBER 2014 TO 30 SEPTEMBER 2015 2. SIGNIFICANT ACCOUNTING POLICIES a. Accounting convention The statements of receipts, disbursements and fund balance, expressed in USD, have been prepared under the historical cost convention and the cash receipts and disbursements basis of accounting. Under the cash receipts and disbursements basis of accounting, transactions are recorded when cash is paid or received by the Project. Advances are included in the Project's disbursements. The Project maintains its accounting records in USD, as this is the currency in which the majority of its transactions are denominated and settled. b. Cash receipts Receipts consist of the authorized allocation of the IDA fund, FIP fund, direct payments made by IDA or FIP and eligible expenditure refunded to date as well as counterpart funds from GOL. These funds are accounted for when received or, in the case of direct payments made by IDA or FIP, when notified as having been paid to the Project's funds by IDA. c. Cash disbursements Disbursements represent all cash paid of the Project (whether funded by IDA, FIP or GOL), except for the service charge on the loan, paid in line with the Project's objectives and approved budgets. Disbursements include outstanding advances which represent amounts paid in advance to the Project's staff or Project's suppliers for the purpose of Project's activities. The expenses related to advanced amount will only be classified to the related expenditure category line on the date of liquidation. d. Fixed assets The cost of fixed assets is charged as expenditure at the time of purchase. Fixed assets purchased are charged to the expenditure categories to which they relate. The Project maintains a fixed assets register, which includes only vehicles, office equipment and furniture, for control purposes only. e. Foreign currency translation The measurement and presentation currency of the Project is USD. Transactions arising in currencies other than USD are translated to USD using the rate prevailing at the transaction dates. Cash balances in currencies other than USD are translated into USD using the rate at the period end. All foreign exchange differences arising are included in the statement of receipts and disbursements. 10 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFoI5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINED) f. Counterpartfunds Counterpart funds are recognized as receipts and disbursements upon notification of payment obtained from the relevant GOL departments, which in this case is the Department of Forestry (DOF). 3. DIRECT DISBURSEMENTS Direct disbursements relate to payments made by the IDA or FIP direct to suppliers, contractors and consultants. These payments are accounted for when the payment is notified by IDA or FIP. 4. DESIGNATED ACCOUNT REPLENISHMENT The Designated Account replenishment represents cash received by the Project under the Development Credit Agreement and Counterpart Fund, which is maintained in a special deposit account and is used exclusively to cover the IDA's share of eligible expenses (Note 6.1) . 5. CASH ON HAND AND AT BANKS GRANT No. H852-LA(IDA) AND GRANT No. TFo15286 (FIP) As at 3o September 2015 IDA FIP TOTAL USD USD USD Cash at Designated Account (Note 6.1) 394,879 263,235 658,114 Cash at Project Accounts (Note 7) 508,482 338,989 847,471 903,361 602,224 1,505,585 As at 30 September 2014 IDA FIP TOTAL USD USD USD Cash at Designated Account (Note 6.1) 357,921 238,607 596,528 Cash at Project Accounts (Note 7) 668,441 445,628 1,114,069 1,026,362 684,235 1,710,597 11 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-ILA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM i OCTOBER 2014 TO 30 SEPTEMBER 2015 6. STATEMENT OF DESIGNATED ACCOUNTS 6.1 GRANT No. H852-IA (IDA) and GRANT No. TFo15286 (FIP) IDA FIP TOTAL As at 3o As at 30 As at 3o September 2015 September 2015 September 2015 USD USD USD Account No. 0000010092830171 394,879 263,235 658,114 394,879 263,235 658,114 Account No. : oooooloo92830171 Depository Bank : Bank of Lao PDR Type of account : Current account Interest rate : Nil Address : Yonet Road P.O. Box 2925 Vientiane, Lao P.D.R Related Loan GRANT No. H852-LA (IDA) and GRANT No. TFo15286 (FIP) Currency USD Reconciliation of cash from Designated Accounts; IDA FIP TOTAL As at 30 As at 3o As at 3o September 2015 September 2015 September 2015 USD USD USD Part A - Account Activities Opening balance (Note 5) 1,026,362 684,235 1,710,597 Add: Replenishments (Note 2,619,747 1,746,530 4,366,277 8) Add: Counterpart funds - - Less: Total amount withdrawn (2,742,748) (1,828,541) (4,571,289) Closing balance 903,361 602,224 1,505,585 12 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 6. STATEMENT OF DESIGNATED ACCOUNTS (CONTINUED) 6.1 GRANT No. H852-LA (IDA) and GRANT No. TFo15286 (FIP) (CONTINUED) IDA FIP TOTAL Asat30 As at 3o Asat3o September September September 2015 2015 2015 USD USD USD Part B - Account reconciliation Advanced amount 1,500,000 1,000,000 2,500,000 Add: Amount increased in DA - - - Deduct: Amount recovered by IDA and FIP - - - Outstanding advanced amount 1,500,000 1,000,000 2,500,000 Closing balance on DA 394,879 263,235 658,114 Add: Amount claimed in WA No 17 300,832 200,568 501,400 Amount claimed in WA No 18 284,390 189,596 473,986 Cash at Project's accounts (Note 7) 5o8,482 338,989 847,471 Amount advance to staff 11,415 7,610 19,025 Less: Counterpart fund - - Difference on exchange rate 2 2 4 Total amount on DA 1,500,000 1,000,000 2,500,000 IDA FIP TOTAL As at 30 As at 3o As at 30 September 2014 September 2014 September 2014 USD USD USD 00000009237 N357,921 238,607 596,528 oooooloo92830171 357,921 238,607 596,528 Account No. : 0000010092830171 Depository Bank : Bank of Lao PDR Type of account : Current account Interest rate : Nil Address : Yonet Road P.O. Box 2925 Vientiane, Lao P.D.R Related Loan : GRANT No. H852-LA (IDA) and GRANT No. TFo15286 (IP) 13 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (PIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFoL5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 6. STATEMENT OF DESIGNATED ACCOUNTS (CONTINUED) 6.i GRANT No. H852-LA (IDA) and GRANT No. TFo15286 (FIP) (CONTINUED) Reconciliation of cash from Designated Accounts; IDA FIP TOTAL As at 3o As at 30 As at 3o September 2014 September 2014 September 2014 USD USD USD Part A - Account Activities Opening balance - - Add: Replenishments (Note 8) 1,800,881 1,200,587 3,001,468 Add: Counterpart funds 300 200 500 Less: Total amount withdrawn (774,819) (516,552) (1,291,371) Closing balance 1,o26,362 684,235 1,710,597 IDA FIP TOTAL As at 3o As at 3o As at 3o September 2014 September 2014 September 2014 USD USD USD Part B - Account reconciliation Advanced amount 1,500,000 1,000,000 2,500,000 Add: Amount increased in DA - Deduct: Amount recovered by IDA and FIP - - Outstanding advanced amount 1,5oo,ooo 1,000,000 2,500,000 Closing balance on DA 357,921 238,607 596,528 Add: Amount claimed in WA No.4 188,588 125,725 314,313 Amount claimed in WA No.5 285,348 190,239 475,587 Cash at Project's accounts (Note 7) 668,441 445,628 1,114,069 Amount advance to staff - - - Less: Counterpart fund (300) (200) (500) Difference on exchange rate 2 1 3 Total amount on DA 1,500,000 1,000,000 2,500,000 14 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 7. CASH AT PROJECT ACCOUNTS GRANT No. H852-LA (IDA) and GRANT No. TFoiL5286 (FIP) As at 30 September 2015 Cash at bank; IDA FIP TOTAL USD USD USD Project Management Office (NPMO) 78,619 52,413 131,032 Department of Forest Inspection(DOFI) 12,305 8,203 20,508 Bokeo 31,909 21,273 53,182 Luangnamtha 17,442 11,628 29,070 Oudomxay 13,148 8,765 21,913 Xayabouly 24,373 16,249 40,622 Vientiane Province 30,224 20,149 50,373 Bolikhamxay 32,521 21,681 54,202 Khammouane 50,330 33,553 83,883 Savannakhet 50,925 33,950 84,875 Salavan 52,757 35,171 87,928 Sekong 30,221 20,149 50,370 Champasack 43,325 28,883 72,208 Attapeu 39,915 26,610 66,525 508,014 338,677 846,691 As at 3o September 2015 Cash on hand; IDA FIP TOTAL USD USD USD Project Management Office (NPMO) 348 232 580 Bokeo 117 78 195 Attapeu 3 2 5 468 312 780 Total 508,482 338,989 847,471 15 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFot5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM IOCTOBER 2014 TO 30 SEPTEMBER 2015 7. CASH AT PROJECT ACCOUNTS (CONTINUED) GRANT No. H852-LA (IDA) and GRANT No. TFol5286 (FIP) (CONTINUED) As at 30 September 2014 Cash at bank; IDA FIP TOTAL USD USD USD Project Management Office 115,026 76,684 191,710 (NPMO) Department Forest 60,295 40,196 100,491 Inspection(DOFI) Bokeo 50,786 33,857 84,643 Luangnamtha 36,541 24,360 60,901 Oudomxay 25,722 17,148 42,870 Xayabouly 30,159 20,106 50,265 Vientiane Province 34,745 23,164 57,909 Bolikhamxay 44,981 29,988 74,969 Khammouane 54,708 36,472 91,180 Savannakhet 54,703 36,469 91,172 Salavan 42,630 28,420 71,050 Sekong 41,705 27,803 69,508 Champasack 41,925 27,950 69,875 Attapeu 34,135 22,757 56,892 668,o6i 445,374 1,113,435 As at 3o September 2014 Cash on hand; IDA FIP TOTAL USD USD USD Department Forest Inspection(DOFI) Bokeo 189 126 315 Sekong 70 47 117 Attapeu 121 81 202 380 254 634 Total 668,441 445,628 1,114,o69 16 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM t OCTOBER 2014 TO 30 SEPTEMBER 2015 8. DESIGNATED ACCOUNT REPLENISHMENT Replenishment for the period from 1 October 2014 to 30 September 2015 consists of; Date of Borrower number application/value date USD GRANT No. H852-LA (IDA) Application No. 04 2 October 2014 176,917 Application No. 05 2 December 2014 276,887 Application No. o6 24 February 2014 86,882 Application No. 07 11 March 2014 129,089 Application No. o8 13 March 2014 301,419 Application No. 09 14 May 2015 255,035 Application No. 1o 14 May 2015 164,962 Application No. 11 26 June 2015 357,706 Application No. 12 Application No. 13 31 July 2015 160,999 Application No. 14 6 August 2015 198,410 Application No. 15 26 August 2015 232,o86 Application No. 16 30 September 2015 279,355 2,619,747 Date of Borrower number application/value date USD GRANT No. TFo15286 (PIP) Application No. 04 2 October 2014 117,945 Application No. 05 2 December 2014 184,598 Application No. o6 24 February 2014 57,925 Application No. 07 11 March 2014 86,o6o Application No. o8 13 March 2014 200,949 Application No. 09 14 May 2015 170,024 Application No. 1o 14 May 2015 109,979 Application No. 11 26 June 2015 238,478 Application No. 12 Application No. 13 31 July 2015 107,332 Application No. 14 6 August 2015 132,280 Application No. 15 26 August 2015 154,727 Application No. 16 30 September 2015 186,233 1,746,530 Note: For the Application No.12, it was cancelled (referred to the Client Connection System). 17 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 8. DESIGNATED ACCOUNT REPLENISHMENT (CONTINUED) Replenishment for the period from 30 August 2013 (effective date) to 30 September 2014 consists of; Date of Borrower number application/value date USD Grant No. IDA H852-LA APPLICATION NO. 0 27 November 2013 1,500,000 APPLICATION NO. 02 13 August 2014 46,314 APPLICATION NO. 03 ii September 2014 254,567 1,8oo,881 Date of Borrower number application/value date USD GRANT No. FIP TFolf286 APPLICATION NO. 01 27 November 2013 1,000,000 APPLICATION NO. 02 13 August 2014 30,877 APPLICATION NO. 03 11 September 2014 169,710 1,200,587 18 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-IA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM iOCTOBER 2014 TO 30 SEPTEMBER 2015 9. CIVIL WORKS, GOODS, CONSULTANT SERVICES, TRAINING AND WORKSHOPS GRANT No. GRANT No. H852-LA (IDA) TFo5286 (FIP) Period from 1 Period from 1 October 2014 to October 2o14 to 30 September 3o September 2015 2015 TOTAL USD USD USD Civil works Goods 202,375 134,917 337,292 Consultant services 637,807 425,205 1,063,012 Training & workshops 580,817 387,223 968,040 h42o4 99 947,345 2,368,344 GRANT No. GRANT No. H852-LA (IDA) TFo15286 (FIP) Period from i Period from t October 2014 to October 2014 to 30 September 30 September 2014 2014 TOTAL USD USD USD Goods 1,236 824 2,o6o Consultant services 210,157 140,105 350,262 Training & workshops 211,581 141,054 352,635 422,9 281,983 704,957 19 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 1o. INCREMENTAL OPERATING COSTS GRANT No. GRANT No. H852-LA (IDA) TFo15286 (FIP) Period from i Period from 1 October 2014 to October 2014 to 30 September 30 September 2015 2015 TOTAL USD USD USD Incremental operating cost (admin and operating expense) 1,310,034 873,386 2,183,420 1,310,034 873,386 2,183,420 GRANT No. H852-LA (IDA) GRANT No. Period from 1 TFo15286 (FIP) October 2014 Period from i to 30 October 2014 to September 30 September 2014 2014 TOTAL USD USD USD Incremental operating cost (admin and operating expense) 351,845 234,569 586,414 351,845 234,569 586,414 Incremental operating cost mainly include expenditures for the repair and maintenance expenses, traveling costs and offices supplies. 20 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFoI5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM i OCTOBER 2014 TO 30 SEPTEMBER 2015 11. COMMITMENTS GRANT No. H852-LA (IDA) and GRANT No. TFo15286 (FIP) The Project has obligation to pay to vendor when received goods or services in the future, according to the contractual agreement signed by both party. The commitment represents the remaining balance after deduct payment from total balance in the signed contract. As at 30 September, the significant committed expenditure of the Project, is as follows: 2015 2014 USD USD - Goods - purchase of accounting software (ACCPAC). 6,776 16,940 - Goods - Purchase vehicles of 72 Units 1,643,775 - Goods - Purchase service and IT equipment 14,294 - 1,664,845 16,940 21 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES The statement of expenditure is prepared under the historical cost convention. It represents only the expenditures paid by the Project from withdrawals from the Designated Account established under the provisions of IDA grant agreement No.11852- LA (IDA) and FIP grant agreement No.TFo15286, and the Designated Account established under the provisions of both agreements. It does not represent the total expenditure of the Project as direct disbursements by IDA and FIP and counterpart funds contributed by GOL are not included. As per the agreements, the following guidance is provided on eligible expenditure: Schedule 6 For the purpose of this Schedule: The term "eligible categories" means categories (1) through (6) set forth in the table in paragraph i of Schedule 1 to the Agreements. The term "eligible expenditures" means the expenditures in respect of the reasonable cost of goods and services required for the Project and to be financed out of the proceeds of the Credit allocated from time to time to the eligible categories in accordance with the provisions of schedule 1 to the Development Credit Agreement. Schedule 1 Withdrawal of the Proceeds of the Credit The table below sets forth the Categories of items to be financed out of the proceeds of the Credits: I. Civil Works 2. Goods 3. Consultant services 4. Village development 5. Incremental operating costs 6. Training and traveling expenses 7. Unallocated 22 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) For the purpose of this Schedule: Grant No. H852-LA (IDA) The term "incremental operating" costs means reasonable expenditures related to the Project, incurred by the Project Steering Committee, Department of Forestry (DOF), Department of Agricultural Extension and Cooperatives.(DAEC), Department of Forest Inspection (DOFI), National Agriculture and Forestry Research(NAFRI), Ministry of Natural Resource and Environment (MONRE), Ministry of Industry and Commerce. (MOIC), Ministry of Finance (MOF)), the PFS and the PAFO in each Project Province and the Science, Technology and Environment Office in each Project Province (which expenditures would not have been incurred absent the Project), including expenditures for Project staff travel and per diem, offices supplies, utilities, rent, email internet fees, maintenance of office equipment, and operation and maintenance of vehicles, but excluding salaries, bonuses, fees, honoraria. Grant No.TFo15286 (FIP) The term "incremental operating" costs means reasonable expenditures related to the Project incurred by the Project Steering Committee, Department of Forestry (DOF), Department of Agricultural Extension and Cooperatives. (DAEC), Department of Forest Inspection (DOFI), National Agriculture and Forestry Research(NAFRI), Ministry of Natural Resource and Environment (MONRE), Ministry of Industry and Commerce. (MOIC), Ministry of Finance (MOF), the PFS and PAFO in each Project Province and the Provincial Industry and Commerce Offices (which expenditures would not have been incurred absent the Project), including expenditures for Project staff travel and per diem, offices supplies, utilities, rent, email internet fees, staff insurance, maintenance of office equipment, and operation and maintenance of vehicles, but excluding salaries, bonuses, fees, honoraria. Further guidance on the definition of the eligible categories above is provided in the Project Appraisal Document. 23 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) i) Statement of expenditures - International Development Associations (IDA). (Excluding those relating to direct disbursements) GRANT No. H852-LA (IDA) Period from 1 Cumulative to October 2014 to Cumulative to 3o September 30 September 30 September 2014 2015 2015 USD USD USD i: Civil works, Goods, Consultant services, Training & workshops 211,035 1,297,110 1,508,145 2: Village Livelihood Grant - - - 3: Incremental Operating Cost 89,846 1,322,637 1,412,483 Total 3oo,881 2,619,747 2,920,628 ii) Statement of expenditures - International Bank for Development and Reconstruction (IBRD). (Excluding those relating to direct disbursements) GRANT No. TFo15286 (FIP) Period from 1 Cumulative to October 2014 to Cumulative to 30 September 30 September 30 September 2014 2015 2015 USD USD USD 1: Civil works, Goods, Consultant services, Training & workshops 140,690 864,752 1,005,442 2: Village Livelihood Grant - - - 3: Incremental Operating Cost 59,897 881,778 941,675 Total 200,587 1,746,530 1,947,117 24 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM L OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) Withdrawals understatement of expenditure procedures (excluding those relating to direct disbursements) GRANT No. H852-ILA (IDA) For the period from 1 October 2014 to 30 September 2015. Application No. Value Date Category USD APPLICATION NO 16 29-Sep-15 1 130,671 APPLICATION NO i6 29-Sep-15 3 148,683 APPLICATION NO 15 25-Aug-15 1 67,849 APPLICATION NO 15 25-Aug-15 3 164,236 APPLICATION NO 14 29-Jul-15 1 86,614 APPLICATION NO 14 29-Jul-15 3 111,796 APPLICATION NO 13 29-Jul-15 1 71,123 APPLICATION NO 13 29-Jul-15 3 89,876 APPLICATION NO 11 26-Jun-15 1 237,126 APPLICATION NO ii 26-Jun-15 3 120,579 APPLICATION NO io 13-May-15 1 53,903 APPLICATION NO 1o 13-May-15 3 ii:,o6o APPLICATION NO 09 13-May-15 1 145,743 APPLICATION No o9 13-May-15 3 109,293 APPLICATION NO o8 11-Mar-15 1 195,382 APPLICATION NO o8 it-Mar-15 3 io6,o36 APPLICATION NO 07 10-Mar-15 1 63,376 APPLICATION NO 07 1o-Mar-15 3 65,715 APPLICATION NO o6 23-Feb-15 1 53,514 APPLICATION NO o6 23-Feb-15 3 33,369 APPLICATION NO o5 1-Dec-14 1 78,595 APPLICATION NO 05 1-Dec-14 3 198,292 APPLICATION NO 04 1-Oct-14 1 113,213 APPLICATION NO 04 1-Oct-14 3 63,703 2,619,747 25 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFoi5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) GRANT No. TFo15286 (FIP) For the period from 1 October 2014 to 30 September 2015. Application No. Value Date Category USD APPLICATION NO 16 29-SOp-15 1 87,114 APPLICATION NO 16 29-Sep-15 3 99,118 APPLICATION NO 15 25-Aug-15 1 45,233 APPLICATION NO 15 25-Aug-15 3 109,495 APPLICATION NO 14 29-Jul-15 1 57,743 APPLICATION NO 14 29-Jul-15 3 74,537 APPLICATION NO 13 29-Jul-15 1 47,416 APPLICATION NO 13 29-Jul-15 3 59,917 APPLICATION NO ii 26-Jun-15 1 158,084 APPLICATION NO 11 26-Jun-15 3 80,393 APPLICATION NO io 13-May-15 1 35,948 APPLICATION NO io 13-May-15 3 74,032 APPLICATION NO 09 13-May-15 1 97,161 APPLICATION No 09 13-May-15 3 72,861 APPLICATION NO o8 11-Mar-15 1 130,255 APPLICATION NO 08 11-Mar-15 3 70,695 APPLICATION NO 07 10-Mar-15 1 42,250 APPLICATION NO 07 10-Mar-15 3 43,810 APPLICATION NO o6 23-Feb-15 1 35,676 APPLICATION NO o6 23-Feb-15 3 22,250 APPLICATION NO 05 1-Dec-14 1 52,397 APPLICATION NO 05 1-Dec-14 3 132,201 APPLICATION NO 04 1-Oct-14 1 75,475 APPLICATION NO 04 1-Oct-14 3 42,469 1,746,530 26 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) GRANT No. H85p-LA (IDA) For the period from 30 August 2013 (effective date) to 30 September 2014. Application No. Value Date Category USD APPLICATION NO 3 11-Sep-14 1 180,658 APPLICATION NO 3 11-Sep-14 3 73,909 APPLICATION NO 2 13-Aug-14 1 30,377 APPLICATION NO 2 13-Aug-14 3 15,937 300,881 GRANT No. TFoI5286 (FIP) For the period from 30 August 2013 (effective date) to 30 September 2014. Application No. Value Date Category USD APPLICATION NO 3 11-Sep-14 1 120,439 APPLICATION NO 3 11-Sep-14 3 49,272 APPLICATION NO 2 13-Aug-14 1 20,251 APPLICATION NO 2 13-Aug-14 3 to,625 200,587 27 0 00 o uO io LO 0 j s oW cg 0 vi M CN 0 C PQ C) o--- x y l 0 ø oPA oad r~s r s ZZ (kD 10 cn W M 6 4l C) k PQ() C 0 C) 0 e Q18d ~ 0 oo 4> - ~4 0 I In La ON ¢ *1-8 00i 00 00 0 :0:a 1'??vz N cmt0 a a. plii fl LON C> Q> >a.Q~~4 IiII 4'2 - THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFo15286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM 1 OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) Status of disbursements for the cumulative period ended 30 September 2015 GRANT No. H852-4A (IDA) Initial Usage of fimds Undisbursed allocations amount SDR SDR USD SDR Category Civil works, goods, Consultant services, Training 4,820,000 1,059,977 1,508,144 3,760,023 & workshops 2: Village livelihood grant 2,410,000 - - 2,410,ooo 3: Incremental operating cost 5,16o,ooo 994,oo6 1,412,484 4,165,994 Unallocated 310,000 - 310,000 12,700,000 2,053,983 2,920,628 to,646,017 Total expenditure per 2,92o,628 10,646,o17 statement of expenditure Add: Advance to designated - - (977,o65) account Add: Direct disbursement - 3,o31,o48 4,420,628 9,668,952 12,700,000 3,031,048 4,420,628 9,668,952 GRANT No. TFo15286 (FIP) Initial Usage of Undisbursed allocations fU ds amount USD USD USD Category 1: Civil works, Goods, Consultant services, 4,808,356 1,005,441 3,802,914 Training & workshops 2: Village Livelihood Grant 2,400,000 - 2,400,000 3: Incremental Operating Cost 5,156,102 941,676 4,214,426 Unallocated 465,542 - 465,542 12,830,000 1,947,117 10,882,882 Total expenditure per 12,830,ooo 1,947,117 10,882,882 statement of expenditure Add: Advance to Designated - 1,000,000 (1,000,000) account Add: Direct disbursement - - 12,830,000 2,947,117 9,882,882 30 THE SCALING UP PARTICIPATORY SUSTAINABLE FOREST MANAGEMENT PROJECT FUNDED BY THE INTERNATIONAL DEVELOPMENT ASSOCIATION UNDER IDA GRANT No. H852-LA, AND FOREST INVESTMENT PROGRAM (FIP) UNDER THE STRATEGIC CLIMATE FUND (SCF) GRANT No. TFoL5286 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD FORM i OCTOBER 2014 TO 30 SEPTEMBER 2015 12. STATEMENT OF EXPENDITURES (CONTINUED) Status of disbursements for the cumulative period ended 30 September 2014 GRANT No. H852-ILA (IDA) Initial Usage of funds Undisbursed allocations amount SDR SDR USD SDR Category i: Civil works, goods, Consultant services, 4,820,000 140,349 211,035 4,679,651 Training & workshops 2: Village livelihood grant 2,410,000 - - 2,410,000 3: Incremental operating cost 5,160,ooo 59,714 89,846 5,100,286 Unallocated 310,000 - - 310,000 12,700,000 2oo,o63 300,881 12,499,937 Less: Direct disbursement - - Total expenditure per statement of expenditure - 200,o63 3oo,881 12,499,937 Add: Advance to designated - 977,065 1,500,000 account Add: Direct disbursement - - - - 12,700,000 1,177,128 i,8oo,881 12,499,937 GRANT No. TFo15286 (FIP) Initial Undisbursed allocations amount USD USD USD Category 1: Civil works, Goods, Consultant services, 4,808,356 140,690 4,667,666 Training & workshops 2: Village Livelihood Grant 2,400,000 - 2,400,000 3: Incremental Operating Cost 5,156,102 59,897 5,o96,205 Unallocated 465,542 - 465,542 12,830,000 200,587 12,629,413 Less: Direct disbursement - - Total expenditure per statement of expenditure - 200,587 - Add: Advance to Designated 1,ooo,oo0 account Add: Direct disbursement - - 12,830,000 1,200,587 12,629,413 Note: The SDR currency has been agreed and obtained from World Bank Website (referred to Client Connection System) 31