G. B. LADDHA & CO. LLP Chartered Accountants AUDIT REPORT 1. We have audited the attached Balance Sheet of RASHTRIYA MADHYAMIK SHIKSHA ABHIYAN, SILVASSA as at 31st March, 2015 and the Income & Expenditure Account for the year ended on that date. These financial statements are the responsibility of the management. Our responsibility is to express an opinion on these financial statements based on our audit. 2. We conducted our audit in accordance with auditing standards generally accepted in 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. 3. RASHTRIYA MADHYAMIK SHIKSHA ABHIYAN is a scheme of Central Government of India. The Central Government funds the scheme by way of grants. In turn, the main office distributes the funds amongst various Block Levels, Cluster Levels and Village Levels to be spent for the object of the scheme. The main office also incurs expenditure in connection with the objects of the scheme from the grant amount. The revenue grant received is considered as income and the amount spent on various activities of the scheme is treated as expenditure. Based on the records made available for verification and information and explanations given to us, we have conducted our audit and have nothing material to report. 1-2,Second Floor, Sahara Market, Silvassa Road, Vapi - 396 191. Tel.: 08347744411 /422 /433. Fax.: (0260) 2425966 Email.: audit@gbladdha.com www.gbladdha.com 4. As per our opinion, the accounts generally reflect correct picture as to Utilization of Grants. Various cheques issued during the year and if not utilized has been shown as advance against expenses. 5. We are informed that there is no Internal Audit made applicable to the RMSA activity. RMSA, Implementation Society, Dadra & Nagar Haveli, Silvassa Office, Keeps Cash and Bank Vouchers only. 6. Subject to above: i. We have obtained all the information and explanation which, to the best of our knowledge and belief, were necessary for the purposes of the audit. ii. In our opinion, proper books of account have been kept by the head office and branches of the assessee so far as appears from our examination of the books. in. In our opinion and to the best of our information and according to the explanations given to us, the said accounts, read with notes thereon, if any, give a true and fair view :- a. In the case of the balance sheet, of the state of the affairs of the assessee as at 3 1st March, 2015 and b. In the case of the Income and Expenditure account, the excess of income of the assessee for the year ended on that date. Date: 0 7 th January, 2016 For M/s. G.B.LADDHA & CO. LLP Place: Vapi Chartered Accountants A FRN 120352W/W-1000 CO 4 [GI L HA PARTNER M.NO 108558 RASHTRIYA MADHYAMIK SHIKSHA ABHIYAN, DEPARTMENT OF EDUCATION, SILVASSA, UT OF D&NH. NOTES ON ACCOUNTS Significant Accounting Policies: (i) RASHTRIYA MADHYAMIK SHIKSHA ABHIYAN is a scheme of the Central Government of India. The grants received either from the Central Government or the UT government are distributed among various Block Levels, Cluster Levels and Village Levels for the utilization or State project Office themselves utilized the Grants. (ii) The accounts have been prepared under the historical cost convention and on cash basis. (iii) The grant received from the government authorities during the year has been considered as income of the year. The various expenditure incurred during the year is considered as revenue expenditure. (iv) Out of the grant received, RMSA disburses it to various schools under its administration. The amount given to the schools during the year is shown as revenue expenditure of RMSA. Amount unutilized at the year end by the school, lies with respective school and is carried forward to next year by respective schools. (v) No part of the grant has been applied/ utilized for any purpose other than the object of the scheme. (vi) The balances of bank are in agreement with respective bank accounts. (vii) The classification of grants disbursements/heads of expenditure are in accordance with the instruction and guidance of the RMSA. re Acco'J (viii) There is no contingent liability as on balance sheet date. (ix) The State project office/Rashtriya Madhyamik Shiksha Abhiyan has complied with all the relevant guidelines as applicable for incurring the expenditure. As per our attached report of even date: Date: 07 January , 2016 For M/s. G.B.LADDHA & CO. LLP Place: Vapi Chartered Accountants FRN. 120352W/W-100033 4A& ered Acc11 [GIRIRAJ B. LADDHA] PARTNER M.NO 108558 State Project Director RMSA Implementation Society PWD Complex Silvassa 3962 (UT of D &NH) UTILIZATION CERTIFICATE UNDER RASHTRIYA MADHYAMIK SHIKSHA ABHIYAN FOR THE YEAR ENDED ON 31/03/2015 1. I, Giriraj B Laddha, Partner of G.B Laddha & Co. LLP, Chartered Accountants do hereby certify that the grant in aid of Rs. 15,10,000/- received during the year 2014-15 by the Rashtriya Madhyamik Shiksha Abhiyan, Sivassa, UT of Dadra & Nagar Haveli as above has been utilized as under: S.No. Particular Central Share State share Total 1 Opening balance at the beginning of the 997059 41176900 42173959 financial Year (as on 01/04/2013) 2 Details of funds received during the year 2.1 Fund received vide Sanction No..... Dated...... 2.2 F.No. 14-1/2014. RMSA- IV (Gen.) 3,30,000 0 13,30,000 dated 30/06/2014, F.No. 14-1/2014. RMSA- IV (Gen.) dated 30/06/2014, F.No. 14-1/2014. RMSA- IV (SC) dated 30/06/2014 and F.No. 14-1/2014. RMSA- IV (ST) dated 27/06/2014 2.2 F.No. 14-1/2014. RMSA- 11 (Gen.) 1,80,000 0 1,80,000 dated 30/06/2014, F.No. 14-1/2014. RMSA- II (SC) dated 30/06/2014 & F.No. 14-1 1/2014. RMSA- II (ST) dated 30/06/2014 (IEDSS) 3 Total fund received 15,10,000 0 15,10,000 4 Interest 60016 1433284 1493300 4.1 Tender Fees 900 900 1800 4.2 Other Receipts 885 295 1180 5 Total fund available (SI.1+3+4) 25,68,860 4,26,11,379 4,51,80,239 6 Expenditure (grant in aid general) 23,88,860 19,13,252 4302112 6.1 Expenditure (grant in aid general) 0 33,50,897 33,50,897 (Central Share Expenditure but utilised from UT Fund) 6.2 Expenditure (grant in aid general) (from 0 55,95,575 5595575 UT Fund) 7 Expenditure (Grant for creation of 0 0 0 Capital Assets) 8 Total expenditure (Sr. No. 6+ 7) 2388860 10859724 13248584 9 Unspent Available Balance 1,80,000 3,17,51,655 3,19,31,655 1. Certified that out of Rs. 13,30,000/- (Rupees Thirteen lakh and Thirty thousand only) of grant-in-aid sanctioned and Rs 1,80,000/- (Rupees One Lakh Eighty Thousand only) of Grant for Creation of Capital Assets for IEDSS during the year 2014-15 in favour of DDHA & C0 G-10003 03ored AccoU~ RMSAIS. DNH vide Ministry of Human Resource Development, Department of School Education and Literacy Letter Nos. as indicated above for RMSA and Rs. 14,93,300/- (Rupees Fourteen Lakh Ninety three thousand and Three hundred only) on account of interest earned and Rs. 2980/- (Rupees Two Thousand Nine Hundred and Eighty Only) on account of other receipts during the period 2014-15 and Rs. 4,21,73,959/- (Rupees Four Crore Twenty One Lakh Seventy Three thousand Nine hundred and Fifty Nine only) on account of unspent balances of the previous year 2013-14. A sum of Rs. 76,53,009/-(Rupees Seventy Six Lakh Fifty Three thousand and Nine only) has been utilized for the purpose for which it was sanctioned by the PAB for 2014-15, A sum of Rs. 55,95,575/- has been utilized for Salary of Office Assistants & Lab Attendants & others Activities from the UT fund and the balance of Rs. 3,19,31,655/- (Rupees Three Crore Nineteen Lakh Thirty One thousand Six hundred and Fifty Five only) remains unutilized at the end of the year out of which Rs 3,17,51,655/- is of State Share and Rs 1,80,000/- is of Central Share of IEDSS for Non Recurring Grant. During the year 2014-15 the total approval for RMSA, DNH was Rs. 81,52,000/- (with MMER). The State Share (25%) is Rs 20,38,000/- and Central Share (75%) is Rs 61,14,000/- against which RMSA, DNH has received Rs 13,30,000/- as Ist Instalment from GOI as mentioned above, during the financial year. The balance available of in Central Share is Rs 23,88,860/- (previous year bal, Interest & other receipt). The total expenditure share for Central Share is Rs 57,39,757/- therefore expenditure of Rs 23,88,860/- was made from Central Share & Rs 33,50,897/- was made from UT fund since the central fund was not released. 2. The above figures have been verified by us from books of accounts, records and bank statements produced before us and relevant information and explanations given to us. Date: 07th January, 2016 For M/s. G.B.LADDHA & CO. LLP Place: Vapi Chartered Accountants DA FRN. 120352W/W-1000 %redAcco~ [GIRI B. LADDHA] PARTNER M.NO 108558 State Project Director RMSA Implementation Society PWD Complex, Silvassa 3M6210 (UT of D &N H) ． 너 ’ ⋯& “ 「 ， 「 ‘ 낚 「 딨 』 0ý el] rq CD oc er "r cý -ler cý le: t--ý *6 c-: 11cýcý "ý en C4 c,] f4 CD CD 00 k^ 00 CD v CD 00 CD Cl al C710 1- cc 00 CD 00 -w m 0 40 > u & Z E S E Lj m. or > m < j < cn 0 C:4 U C4 bfl 401 0 C, 0 "2 m OD (2 E ý1 F- rä. r. -o < vd 2ý u U U VDM. C4 VDcn cn cn cn mo E- V3 E'. CDCD CD CD CD0 CDv t- C> 00 C> CD ri m cn m cn 32 r 0 C> ton 2, U cn VD VD ゾ 、 -： PROCUREMENT AUDIT CERTIFICATE "This is to certify that we have gone through the procurement procedure used by the Project Implementation Agency - for the Rashtriya Madhyamik Shiksha Abhiyan (RMSA) Society, U.T Administration of Dadra & Nagar Haveli based on the audit of the records for the Financial Year 2014 - 15. We are generally satisfied that procurement procedure as prescribed in the 'Manual on Financial Management and Procurement for RMSA' has been followed / or the following deviation were observed. As per to Accounts forming part of Balance Sheet & Income & Expenditure Account. Date: 7th January , 2016 For M/s. G.B.LADDHA & CO. LL " Place: Vapi Chartered Accountants & co. kRN. 120352W/W-100033 r= Fk e ad cc [GIRIRAJ B. LADDHAI PARTNER M.NO 108558 Bank Reconciliation Statement for the year 2014-15 Balance as per Cash Book 31930750 LESS: Cheque issued but not presented Sr.no Date Cheq no. Amount Clearing Date 1 13-03-2015 236307 500 10-04-2015 500 Add: Cash Expenditure Less: Cheque Deposited not recorded Less: Bank charges not shown in cash book 2011-12 1600 2012-13 1860 2013-14 1127 Total Balance 31926163 Balance as per pass book 31926163 \ ttState Project Director RMSA Implementation Society PWD Complex, Silvassa 3962 (UT of D &N H) ,k~.DDHA c Iered A