Indian Audit And Accounts Department Office of the Principal Accountant General (G&SSA) Karnataka, Bengaluru. No. PAG. (G&SSA) FAW-SS-II/A8/2019-20 (, Date: 31/12/2019 To The Commissioner, Department of Urban Local Transport Shanthi Nagar BMTC Bus stand Bangalore- Sub: Issue of Audit Certificate for the year 2018-19 in respect of World Bank assisted SuTP- Publie Bicycle Sharing System Project at Mysuru. Sir, I am herewith enclosing an Audit Certificate along NIth Statement of I ApenditureiProject Financial Statement for the year 2018-19 and audit observation thereon in respect of World Bank Assisted Sustainable Urban Transport Project (Public Bicycle Sharing) at Mysore (Cr. No. 95549- IN). implemented by the Commissioner, Department of Urban Land Transport, Bangalore. Please acknowledge the receipt of the same. Yours fa tll Sr.Deputy Accountant neral (Administration) r 4. a Qr e . / 5398 r - S60 001. / Audit Bhavan, 'C' Block, P.B. No. 5398, Bengaluru - 560 001. Ph.: 080-22379335/36 Fax : 080-22380014 E-mail : agauKarnatakal@caggov.in Website : http:/1www.agkar.cag.gov.i REPORT ON THE PROJECT FINANCIAL STATEMENTS We have audited the accompanying financial statement of the World Bank assisted Sustainable Urban Transport Project (SUTP) implemented by Commissioner, Department of Urban land Transport. Bangalore for the years 2018-19 Credit No. TF 95549-TN, which comprise the Statement of Sources and Applications of Funds and the Reconciliation of Claims to Total Applications of Funds for the years 2018-19. These statements are the responsibility of the Project's management. Our responsibility is to express an opinion on the accompanying financial statements based on our audit. We conducted our audit in accordance wkith the Auditing Standards promulgated by the Comptroller and Auditor General 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. Our audit examines, on a test basis, evidence supporting the amounts and disclosures in the financial statements. It also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements present fairly, in all material respects, the sources and application of funds of World Bank ssisted Sustainable Urban Transport Project (S[TP) implemcnted by Commissioner. Department of Urban Land Transport. Bangalore for the year 2018- I9 in accordance with Government of India accounung standards. In addition, in our opinion, (a)with respect to SOEs, adequate supporting documentation has been maintained to support claims to the W\'orld Bank for reimbursements of expenditures incurred. and (b) expect for ineligible expenditures as detailed in the audit observations, if any, appended to this audit report, expenditures are eligible for financing under the Loan/Credit Agreement. During the course of the audit, SOEs/FMRs (each application no. and amount to be included) and the connected documents were examined and these can be relied upon to support reimbursement under the Loan/Credit Agreement. This report is issued without prejudice to CAG's right to incorporate the audit observations in the Report of CAG of India for being laid before Parliament/State or UT Legislature, Sr. Deputy Accouitant General (Administration) World Bank assisted Sustainable Urban Transport Project (SUTP)-Public Bicycle Sharing System Project at Mysuru Credit No. TF- 95549-IN Statement of Sources and Application of Funds Implemented by Commissioner, Directorate of Urban Land Transport for the ended 2018-19 (Amount in lakh) Particulars Current Up to Previous Project to date Year Year Opening Balance, (if cash Balances are controlled by the entity) (A) Receipts - - ------ Funds from Government through Budget (These will include external assistance received by 71000 710.00 Government for the Project) Funds received directly by Project implementing authority through external assistance Beneficiary Contribution (if any) Total Receipts (B) 710.00 710.00 Total Sources (C=A+B) 710.00 71(000 Expenditures by Component (1). Procurement and installation of cycles, docking stations and other IT equipment 67024 670.24 (2). Operation and Maintenance for 6 month 628.20 39.76 Total Expenditures (D)=(I)+(2 11.56 698.44 710.00 Closing Balance, (if cash balances are controlled by the entit)_jC-D) . . .. ....... Note: All Central Budget releases are routed through FD, GOK. 1 This Financial statement is prepared on a cash basis of accounting as per provisions of the Financial Rules and codes applicable. 2 'Fhe above tigures w%ill be based on monthly quarterly abstract accounts prepared by the accounts compiling officers, dull reconciled by the respective l)DOs with details of reconciled amounts to be furnished. 3 Names of accounting units whose financial statemenis are aggregated to prepare the consolidated accounts. World Bank assisted Sustainable Urban Transport Project (SUTP)-Public Bicycle Sharing System Project at Mysurulmplemented by Commissioner, Directorate of Urban Land Transport for the ended 2018-19 Credit No. TF- 95549-IN Reconciliation of Claims to total application of Funds (Amount in lakhs) Schedules _ Current Year Up to Previous Year Project to date Bank Funds claimed 1 1156 698.44 710.00 during the yearA - --- - - - Total Expenditure made 11.56 698.44 710.00 during the year (B) Less: Outstanding AC II 0 0 0 billsI(C) Ineligible expenditures I Il (D) 0 0 0 tExpenditures not claimed IV 0 0 0 Total Eligible Expenditure Claimed 11.56 698.44 710.00 World Bank Share a .9844 710.00 100% of (F) Sr. Deputy Accountant General (Administ ration) Notes: 1 Total expenditure made during the year (13 above) must be the same as the Total Expenditures shown on the Statement of Sources and Applications of Funds (D on the Statement of Sources and Application of Funds). 2 Outstanding AC bills (C above) reflect funds drawn against AC bills that have been booked as expenditure but not settled by the end of the year (i.e. unsettled advances). The Project should sho\w in Schedule I the opening balance of unsettled AC bills drawn during the year, AC bills settled during year., and AC bills unsettled at the end of the year. 3 Expenditures not claimed (E above) may reflect timing differences for eligible expenditures incurred during the year but claimed afier the year end.