ASSAM CITIZEN CENTRIC SERVICE DELIVERY PROJECT (ACCSDP}, Guwahatl ARIAS SOCIETY Agricultural Campus, Khanapara, Guwahati, Assam Audit Report for the Financial Year 2017-18 G.N.B. ROAD, SILPUKHURI GUWAHATI - 781 003 Phone/Fax: 91-361-2667 685 info@sanjayhazarikaandco com www sanjayhazarikaandco com G.N.B. ROAD, SILPUKHURI SANJAY HAZARIKA & Cq. GUWAHATI - 781 003 Phone/Fax· 91-361-2667 685 CHARTERED Accourcraxrs info@sanjayhazarikaandco.com www.sanjayhazarikaandco.com INDEPENDENT AUDITOR'S REPORT To The State Project Director, ACCSDP ARIAS Society, Agriculture Complex, Khanapara, Guwahati, Assam Report on the Financial Statements 1. We have audited the attached Balance Sheet of Assam Citizen Centric Service Delivery Project, (ACCSDP) under Assam Rural Infrastructure and Agricultural Services Society for the financial year ended on 31st March 2018 and also the Income & Expenditure Account for the year ended on that date. Management's Responsibility for the Financial Statements 2. The management is responsible for the preparation of these financial statements that give a true and fair views of the financial position and financial performance of the business. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditors' Responsibility 3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. 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. 4. An audit involves performing procedures to obtain audit evident, about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' 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 auditors consider internal control relevant for preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements. 5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. G.N.B. ROAD, SILPUKHURI SANJAY HAZARIKA. & Co. GUWAHATI - 781 003 Phone/Fax: 91-361-2667 685 CHARTERED Accotn-rrxrcrs info@sanjayhazarikaandco.com www.sanjayhazarikaandco.com Opinion 6. In our opinion, and to the best of our information and according to the explanations given to us, the accompanying Receipts and Payments Account read with the Significant Accounting Policies and Notes thereon, give the information in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: a) In the case of Balance Sheet of the State of affairs as at 31st March, 2018. b) In the case of Income & Expenditure of the nil transactions for the year ended on that date. c) The Receipts & Payments Account shows a true and fair view of the transactions of the Assam Citizen Centric Service Delivery Project, (ACCSDP) under the Society for the year ended on 31st March, 2018. OBSERVATIONS: Nil For, Sanjay Hazarika & Co.,· Chartered Accountants, FRN:3120 E Dated: 24-11-2018 Triditi P. Barua Place : Guwahati - 03. M. No.: 055641 Partner r-'\.r<:IJ"-'\.~ .;:>'-J.;.....11::.1 T, J"-'\.bKIGULI UKt::. '-AMPUS, KHANAPARA, GUWAHATI Assam Citizen Centric Service Delivery Project Balance Sheet as at 31-03-2018 Prev. Year LIABILITIES I AMOUNT TOTAL Prev. Year ASSETS I AMOUNT TOTAL 126,772.00 Capital Fund: 2,626,772.00 Current Assets & loans & Advances: Opening Balances 126,772.00 I) Closing Balances of Cash in Hand Add:Grant in Aid 361,000,000.00 & at Bank 345,905,657.00 361,126,772.00 Less. Total Project Expenditure 15,096,715.00 346,030,057.00 ii) Advance (OB) 30,000.00 2,500,000 00 Current Liabilities & Provisions: Add:during the year 94,400.00 124,400.00 a) Temporary Advance from PCU 2,500,000.00 Less Refunded 2,500,000.00 - 000 b) Deductions of Statutory & other Dues: (To be deposited) 2,626,772 00 TOTAL: 346,030,057.00 2,626,772.00 TOTAL: 346,030,057.00 As per our report of even date annexed., For, Sanjay Hazarika & Co., Chartered ~untants, FRN·3_ Dated: 24-11-2018 Place · Guwahati - 3. A R IA S S O C IETY , A G R IC U L T U R E C A M P U S , K H A N A P A RA , G U W A H A T I Assam Citizen Centric Service Delivery Project Income & Expenditure Account for the year ended on 31st. March, 2018 Prev. Year EXPENDITURE I AMOUNT TOTAL Prev. Year INCOME I AMOUNT TOTAL 6,638,815.00 To Incremental Operating Cost 0.00 0.00 By Grant-in Aid Received from Government of 5,348,212.00 To Remuneration of PMU Staffs 0.00 Assam 0.00 0.00 To Excess of Income over 11,987,027.00 By Excess of Expenditure over Income Expenditure dunng the Year 0.00 during the Year 0.00 11,987,027.00 TOTAL: 0.00 11,987,027.00 TOTAL: 0.00 As per our report of even date annexed., For. Sanjay Hazarika & Co., Chartered A ~untants, FRN : 312((T\E :::- ~ Dated: 24-11-2018 Place . Guwahati - 3. KHANAPARA, G UW AHATI Assam Citizen Centric Service Delivery Project Receipts & Payments Account for the year ended on 31st. March, 2018 Prev. Year RECEIPTS I AMOUNT TOTAL Prev. Year PAYMENTS I AMOUNT TOTAL 12,113,799.00 To Opening Balance 6,638,815.00 By Incremental Operating Cost 4,763,262.00 Cash in Hand 000 5.348,212.00 By Remuneration of PMU Staffs 2,901,360.00 Cash at Bank 2,596,772.00 2,596,772.00 By BPR-Eng & IT Spl PMU 2.125,440 00 By Senior Advisor. ACCSDP 617,333.00 - To Grant in Aid 361,000,000.00 By Strengthening Project Base-line & M&E 4,689,320.00 504,917.00 By Deposit of Statutory Dues: Professional Tax 20,686.00 7.000.00 To Sale Proceeds of Bid Documents - Income Tax 1,082,444.00 VAT 27,665 00 1,130,795 00 2,500,000 00 To Temporary Advance from PCU - 7,000.00 By Sale Proceeds deposited to Govt Revenue Ne - - By Refund of Temporary Advance 2,500,000.00 504,917.00 To Deductions of Statutory Dues Professional Tax 20,686.00 30,000 00 By Advance to M Sarma, Manager, ARIAS Society 94,400.00 Income Tax 1,082,444 00 VAT 27,665 00 1,130,795.00 2,596,772.00 By Closing Balance . Cash in Hand - Cash at Bank:(BOB, Ne. No 56720200000013) 345,905,657 00 345,905,657.00 15,125,716.00 TOTAL: 364,727,567.00 15,125,716 00 TOTAL: 364,727,567.00 As per our report of even date annexed., For, Sanjay Hazarika & Co., Chartered Accountants. - FR~E Dated : 24-11-2018 Place · Guwahati - 3. ARIA S SOCIETY Assam Citizen Centric Service Delivery Project (ACCSDP) Agricultural Campus, Khanapara, Guwahati, Assam Reconciliation statement of Reimbursement claims ~ ~~<~" .. ·: ,.r·.·,, ",~-,~ .• Adjustment of ~ - H .. "'l' . -\ .."'-1' ":i. Expenditure Expenditure as Expenditure as per Mobilisation Mobilisation Total Claimable Difference in Financial Year Ineligible for per SOE AFS (Note 1) Advance Given advance during Expenditure Expenditure Reimbursement (Note 2) I ·"' . ·,: ,. the year 1 2 3 4 5 6=2-3+4-5 7 8=6-7 2015-16 13,086,201.00 0.00 000 0.00 13,086,201.00 13,080,000.00 6,201.00 2016-17 11,987,027.00 0.00 0.00 0.00 11,987,027.00 11,990,000.00 -2,973.00 2017-18 15,096,715.00 0.00 0.00 0.00 15,096,715.00 15,900,000.00 -803,285.00 TOTAL 40,169,943.00 0.00 0.00 0.00 40,169,943.00 40,970,000.00 -800,057.00 1. The Reconciliation statement of Reimbursement claims has been worked out on the basis of gross expenditure incurred or services rendered by the PCU for the period from the FY 2015-16 & upto FY 2017-18. 2. SOE Expenditure has been worked out on the basis of SOEs submitted for expenditure incurred for the above period. As per our report of even date annexed., For, For, Sanjay Hazarika & Co., Chartered Accountants, FRN:3~ 5E Projoop) Assam Citizen Centric Service Delivery Dated: Guwahati-03, 24-11-2018 ARIAS SOCIETY Assam Citizen Centric Service Delivery Project (ACCSDP Agricultural Campus, Khanapara, Guwahati, Assam Component 1 Consultants Services 573 473 00 100.00 573.473 00 Incremental Operating Cost 12,512,728 00 100.00 12,512,728.00 Total Expenditure for the FY 2015-16 (I) 13,086,201.00 13,086,201.00 2 Component 1 Consultants Services 5 348,212.00 100.00 5,348,212.00 Incremental Operating Cost 6,638,815.00 100.00 6,638,815.00 Total Expenditure for the FY 2016-17 (II) 11,987,027.00 11,987,027,00 3 Component 1 Consultants Services: upto 30-06-2017 1.180,000.00 100.00 1,180,000.00 : After 30-06-2017 7,830,000.00 80.00 6,264,000.00 Incremental Operating Cost: upto 30-06-2017 1,040,000.00 100.00 1,040,000.00 : After 30-06-2017 5,046,715.00 80.00 4,046,000.00 Total Expenditure for the FY 2017-18 (Ill) 15,096,715.00 12,530,000.00 GRAND TOTAL(l+ll+III) 40,169,943.00 37,603,228.00 Note: 100 % (percent) claims were made on expenditure related to Project Preparation Advance (PPA) i.e. upto Appln. No. 07 for the period from 01-01-2016 & upto 30-06-2017 & 80 % (percent) claims were made on expenditure vide Appln. No. 08 & onwards i.e. for the period from 01-07-2017 & upto 31-03-2018. Sanjay Hazarika & Co., n Centric Service Delivery Chartere ccountants, P) FRN · 1 07 Dated: Guwahati-03, 24-11-2018 ARIAS SOCIETY Assam Citizen Centric Service Delivery Project (ACCSD Agricultural Campus, Khanapara, Guwahati, Assam LIST OF REIMBURSEMENT CLAIM SUBMITTED TO WORLD BANK {Loan No. Q924-IN} 1) DEA Appl. No. SI No PCU Appl. R.I.Clalm Amount Cumulative Amount Progressive & Date Amount RF/WA Period of Amount Dlsallowe Date total Appl. approved. No Appl. No. Expend. Claim Date approved. d No 01 0l-0l-16 to 12-01-2016 0 !30 0 !30 0.130 0.130 0130 02 B-01-16 to 31-03-2016 12 950 12.950 !3.080 12.950 !3.080 I) For the FY 2015-16 13.080 13.080 13.080 03 0l-04-16 to 30-06-2016 4.810 4.810 17.890 4.810 17.890 04 01-07-16 to 30-09-2016 2.750 2.750 20.640 2.750 20.640 05 01-10-16 to 31-12-2016 2.070 2.070 22.710 2.070 22.710 06 0l·0l-17 to 31·03-2017 2.360 2.360 25.070 2.360 25.070 II) For the FY 2016-17 U.990 11.990 11.990 07 01-04-17 to 30-06-2017 2 220 2 220 27.290 2.220 27.290 08 01-07-17 to 30-09-2017 2.920 2.336 29.626 2.336 29.626 09 01-10-17 to 31-12-2017 4.140 3.312 32.938 3.312 32.938 10 01-01-18 to 31-03-2018 6.620 5.296 38.234 5.296 38.234 Ill) For the FY 2017-18 15.900 13.164 13.164 Total (1+11+111) 40.970 38.234 Total Rs. 38.234 0 Less: Disallowed 0 I Amount Disbursed 38.234 As per our report or even date annexed., For, For, Sanjay Hazarika & Co., Assam Citizen Centric Service Delivery Proje (ACCSD Dated. Guwahali the 24th November 2018 ARIAS SOCIETY Assam Citizen Centric Service Delivery Project (ACCSDP) Agricultural Campus, Khanapara, Guwahati Assam Expendit ure of Mobilisatio Advanc Total Expenditure Prev. Total Difference n es Expenditure Financial expenditure Ineligible for Year not Total Claimable Between Advances adjuste as Per Audit Remarks Year claim as per Reimbursem claimed, Expenditure expenditure Audited exp given as d as per Report SOE ent now as per AFS & SOE report per AFS AFS taken into account 1 2 3 4 5 6 7 8 9=(8+6-7) 10=(5-9) 2015-16 13,080 000 00 000 0 00 13.080.000.00 0 00 0 00 13,086,201 00 13,086,201 00 -6.201 00 difference due to roundmo off 2016-17 11,990,000.00 0.00 0.00 11,990,000.00 0 00 0.00 11,987,027.00 11,987 027.00 2,973.00 difference due to roundmo off 2017-18 15,900,000 00 0 00 0.00 15,900,000.00 0 00 0 00 15,096,715 00 15,096,715 00 803,285 00 8,00 000.00 excess claim under Consultants Services vide Application No 08 3,285.difference due to rounomo off Total 40,970,000.00 0.00 0.00 40,970,000.00 0.00 0.00 40,169,943.00 40,169,943.00 800,057.00 ASSAM CITIZEN CENTRIC SERVICE DELIVERY PROJECT (ACCSDP), Guwahati NOTES AND INFORMATION FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDING AS ON 31ST. MARCH, 2018 A) SIGNIFICANT ACCOUNTING POLICIES 1. These are the Financial Statements of the Assam Citizen Centric Service Delivery Project, (ACCSDP) under Assam Rural Infrastructure and Agricultural Services Society (An Autonomous Body under Govt. of Assam). st 2. These financial statements apply to the financial year ended on 31 March 2018 and have been stated in INR. 3. These financial statements have been prepared in accordance with applicable Accounting Standards. 4. These financial statements have been prepared using the Cash Basis of accounting. 5. These financial statements have been prepared on a going concern basis. B) NOTES ON ACCOUNTS 1. Previous year figures have been rearranged, regrouped and recast wherever necessary. 2. For the FY 2015-16 & 2016-17, the entire Grant-in-Aid received for the project was taken to the Income side of the Income & Expenditure Account. This resulted in an Excess of Expenditure over Income or vice versa in the Income & Expenditure Account, which was then either added to or subtracted from the Capital Account in the Balance Sheet. As this was not considered a true & correct representation of the state of affairs of the Project, from the FY 2017-18, the entire Grant-in-Aids for the project expenditure was reflected in the Capital Fund under the Balance Sheet, thus the entire total project expenditure incurred during the year have been adjusted in the Capital fund under the Balance Sheet. As per our report of even date annexed., For, For, Sanjay Hazarika & Co., Assam Citizen Centric Service Delivery Chartere ccountants, Pcoje~SDPJ FRN:31 07 State Project Director / Dated: 24-11-2018 Guwahati-3 1 G.N B ROAD, S!LPUKHUR! GUW:\HAT[ - 78 l 003 r' Phone/ Fax . 9 l -36 l -266 7685 -\ info« sanjayhazarikaaridco.com W'-W. sa njayhazartkaandco.corn REVISED AUDIT REPORT (for Project Financial Statement Including IFR/SoE) To The State Project Director, ACCSDP ARIAS Society, Agriculture Complex Khanapara. Guwahati. Assam Introductory We have audited the attached Balance Sheet Income & Expenditure Account and Receipts & Payments Account of the Assam Citizen Centric Service Delivery Project [financed under World Bank Loan No 8754-1 N] as of March 31 2018 for the year then ended Our responsibility is to express an opinion on these financial statements based on our audit Scope We conducted our audit In accordance with National Standards on Auditing issued by the Institute of Chartered of India Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis. evidence supporting the amounts and disclosures in the financial statements An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation We believe that our audit provides a reasonable basis for our opinion Opinion In our opinion. the financial statements give a true and fair view of the Sources and Application of Funds and the financial position of Assam Agricultural Competitiveness Project for the year ended March 31, 2018, in accordance with relevant national standards. In addition, (a) with respect to Sofis/lf'Rs. adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred; and (b) which expenditures are eligible for financing under the Loan/Credit Agreement [Cr. 8754-IN] (c) The SoE's/lFR submitted and procedure and internal controls involved in their preparation can be relied upon to support the withdrawals. For, Sanjay Hazarika & Co., Chartered Accountants, FRN 312,E <' " c5,r Tridib Partner M. No. 055641 Dated - 29-12-2018. Guwahati - 03