Audit Completion Date: 03.12,2017
The Secretary,
Ministry of Primary and Mass Education
Bangladesh Secretariat,
Dhaka.
L, We have audited the accompanying Financial Statement of the "Reaching out of School
Children (ROSC) Project-II" financed under IDA Credit no 5166 BD as at 30th June 2017 and
for the year then ended. The preparation of the Financial Statement is the responsibility of the
management. Our responsibility is to express an opinion on the financial statement based on our
Audit.
11.   We conducted our audit following International Standards on Auditing. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
Financial Statement is free of material misstatement. An audit includes examining on test basis,
evidence supporting the amounts and disclosures in the Financial Statement. An audit also includes
assessing the accounting principles used & significant estimate made by management as well as
evaluating the overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
111. In our opinion, the Financial Statement gives a fair view in all material aspect of the financial
position of the " Reaching Out of School Children (ROSC) Project -II" finance under IDA Credit no
5166 BD as at 30th June 2017 and the results of its operation and cash flows for the year then ended
in accordance with the cash basis of accounting followed by the Govt. of Bangladesh.
IV. Opinion Status: Unqualified.
(Mohammad Anin     hsan Kabir)
Deputy Director
For Director General
Foreign-Aided projects Audit Directorate.
Tel:9361788


Reaching Out of School Children (ROSC) Phase-ll Project
Directorate of Primary Education
Mirpur-2, Dhaka-1216
FINANCIAL STATEMENT
As on 30 June, 2017
(Figure in Lakh Taka)
Comulative      C   t       Cumulative
Resources                                   Notes Prior Period up Period (201617) Current Period
to June 2016               up to June 2017
Govment of Bangladesh                         1        2,626.70        356 45       2,983.15
Loan from Development partner                2        42,687.33      10,831.78     53,519.11
Other resourcees                              3  1                        -
Cash opening balance CONTASA-Loan            4             -    -     326396
Total Resources -     -   -                           45,314.03      14,452.19 ____ 56,502.26
Expenditure and Cash
1. Manpower                                             237,99         12r.07        363.06
2. Education Grants                                   27,167.87       7,874.86     35,042.73
3. Education Allowances                                8,791.30       4,257.45     13,048 75
4. Vehicle                                               108.71           -          108.71
5. Equipment                                              27.86          7.17         35.03
6. Furniture                                              13.74           -           13.74
7. Goods_(Prnting & Others)                              119.10                      119.10
8. Traning and Capacity Building                       1,800.30        336.98       2,137.28
9. Oversease Training         _____    ___               272.86         96.28        369.14
10. Workshop                                            410.71         140.46        551.17
11. Consultancy                                          555.00        365.55        920.55
12. Stationary                                            7.38           6.43         13. 1
13. Fuel                                                 63.29          24,82         88.11
14. Maintenance                                           30.32         10.17         40.49
15. Registration of Vehicle                                2.42           -            2.42
16. Monitoring (LGED)                                  1,576.40       1,116.57      2,692.97
17. Sonali Bank Service Charges                         704.17          18.40        722.57
18. Traveling allowance                                   16.82          6.75         23.57
19. contingency                                          143.83         32 81        176 64
Total Expenditure                                     42,050.07     14,419.77     56,469.84
Cash Closing Balance
CONTASNOperating-Loan                                  3,263.96         32.42         32.42
Operating Account (PA"                    _       _
Operating Account (GOB)
Total Expenditure and Cash                            45,314.03     14,452.19     56,502.26
- ~~~.                Of   z  r 0  .
TT
fe44'~U~AY'O A


Reaching Out of School Childien (ROSC) Phase-I Project
PROJECT FINANCIAL STATEMENT
As on 30 June, 2017
1. GOVERNMENT OF BANGLADESH
Iounds ar, allocated by lte GoJrnmnt of Bangladesh to co\cr GOB's share of eligible proj:t es tditures as
pe.ified in lthe Projt Profoiiia and i the Annatill L.-Nelopmcnt Programme for each oF the  oject. An alloc  d
funds that have not ben expend
Incoption to 30 June 2016 For the Year 2016-17  Inception to 30 June 2017
Disbursmerai by Go[                             3317 ,               125.00               4 12 76
Less: Refund : GoD                               091                  3.55                14 I
Total Ex.ns'                                    2'.. 70              3245                 2
2. LOAN FROM DEVELt.'OtMEIT PARTNER
IDA h   p.v ided und t. the proje  to co,, r iL's shaur; of eligible proj,.ect expcnditures. The: tunds. which mu  be
repaid to (name lender do nor .fer the <nclusion of the pt ject, have been dr,i,,. 1u by the potject in a
lnception to 30 Jun0 2016 For Ihe Yuar 2016-17  Inception to 30 June 2017
In nal depuil (Y:ance) i-:nst Cred             1000. 0              0.00                100 00
DPA(CsectPG/, <:4)                                                                          0.0
RPA Loan (SOE Procedw' )                        32687.33            131.7                 4351 11
RPA (Non SOE procedure                            0.2                 0.00                  0.0
00 00
Less: Refurdol  Donor                             0.2                 000 0C1
Total                                           42687.33            1nl31.78              53519.11
3. OTHER RIESOURCES
Otheri resour: s consh i )f the following:
iceptioii to 30 June 2016 For tlie Yar 2016-17  lncsiption to 30 Juno 2017
- :vttR,:evenrus
gai s/Lý s,...s
Total                                             0.00                0.00                  0.00
4. CASH
Ti projeAtminuins    bank aouts, an impo      perating bank accountt,  r revoMn fund, h h is  pt ai Sorli
Bank to hold funtds duInced b ILA, and ani oprating accounting, which is kept at  ommercial bank : to oll funds
ad aneed by GOL . Yi and sh baulan  were 1 folo: (in lakh takk
Ince-ption to 30 June 2016 For the Year 2016-17  Incoption to 30 June 2017
CONTASNO( ).   g-1                               326`96              32.42                 32
Opernting Aco1 (PA)                                                   c 020
Opecration Acut(Goll)
Total                                            3263.96             32.42                 32 42
s         '0'


AUDIT OPINION ON IUFR
1.We have audited the Statement (IUFR) of the "Reaching out of school children Project (ROSC-
11)" for the year ended on 30" June, 2017, submitted to the World Bank for reimbursement of
expenditure in accordance with the IDA Credit no -5166-BD.
The audit was conducted following the International Standards on Auditing accordingly, it
included such tests of the accounting records and supporting documentation, review of systems of
internal control, so far exists, and adopting necessary auditing procedures that we considered
essential under the circumstances.
Vithtrawal / 1UFR Particulars.
I) The particulars of withdrawal on the basis of interim unaudited financial report (IUFR) as
submitted to audit is attached herewith (Attached).
2) Withdrawal applications were submitted by the project authority to the World Bank for
re-embracement / replenishment of fund for the year 2016-17.
3) The presentation and submission of claim to IDA by the project authority on the basis of
IJUFR was valid and supported documents.


Itra  Control
1. The project is being implemented by same personal deputed and same were appointed were
recruited by the project authority as per DPP.
II.The project activities were executed as per PPR-2008, Delegation of Financial power and IDA
procurement guideline.
Ill.Expenditures were incurred by the project authority after obtaining sanction for the competent
authority and following rules and regulations both GOB and IDA. Expect some lapses which are
mentioned in the management letter under section- II of this report.
IV.As per DPP office equipments and other assets were procured for the project activities. But
inventory of assets were maintained property.
OPINION
In our opinion, the IUFR of the project can be relied upon to support the application for loan
disbursement by the IDA against expenditure incurred for the purpose of the project as specified in
the particular of withdrawal applications.
Opinion Status: Unqualified.
(Mohaminad Amimul Ehsan Kabir)
Deputy Director
For Director General
Foreign-Aided projects Audit Directorate.
Tel:9361788


AUDITOR'S REPORT ON SPECIAL ACCOUNT(C)N]ASA)
1.    We have audited the Special Account Statement of "Reaching Out of School Children
(ROSC) Project-II" for the year ended 30th June 2017, under the provision of IDA
Credit No-5166-BD on 30'h June, 2017.
2.    Our audit was carried out in according with International Auditing Guidelines.
Accordingly our audit included such review of system of internal control tests of the
accounting records and supporting documents, verification of account balance and other
auditing procedures that we considered necessary under the circumstances.
3.    Accompanying Special Accounts Statement was prepared on the basis of cash deposits
and withdrawals for the purpose of complying with the Credit agreement.
4.    In our opinion, the special account statement reflects the actual position of cash deposits
and withdrawals including opening & closing balances.
(Mohaminad Animul Ehsan Kabir)
Deputy Director
For Director General
Foreign-Aided projects Audit Directorate.
Tel:9361788