AUDITOR'S REPORT Audit Completion Date: 23-12-2018 Secretary Ministry of Defense Bangladesh Secretariat, Dhaka. We have audited the accompanying Financial Statement (FY 2017-2018) of the "Strengthening Meteorological Information services and early warning systems (Component A) under "Bangladesh Weather and Climate Services Regional Project" financed by IDA under CREDIT NO. 5837-BD as of 30th June 2018 and for the years then ended. According to ISSAI 1570 the preparation of Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the financial statement based on our audit, We conducted our audit in accordance with 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 a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation n. We believe that our audit provides a reasonable basis for our opinion. In our opinion and according to the statement of ISSAI 1705, the financial statement gives a true and fair view in all material respects of the financial position of "Bangladesh Weather and Climate Services Regional Project (Component A) Strengthening Meteorological Information services and early warning systems " Project as of 30th June 2018 and the result of its operation and cash flows for the year ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. The project accounts properly present the expenditure and receipts for the year ended at 30- 06-208. Opinion Status: Unqualified. (Sarkar Mohamm Khairul Alam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-8391548 [Ref Project Audit Manual, FAPAD. Page: 4.7.1] 5 Strengthening Meteorological Information Services and Early Warning Systems (Component-A) under Bangladesh Weather and Climate Services Regional Project" Prolect Financial Statement 30 June, 2018 (Figure in Lakh Taka) Cumulative Current Period Cumulative Resources Notes Prior Period 2017-2018 Current Period Government of Bangladesh 1 70.09 70.09 Credit from Development Partner 2 - 3,039.65 3,039.65 Other resources 3 - - Cash opening balance 4 - - Total Resources - 3,109.74 3,109.74 Expenditure and Cash 1. Furniture - 16.18 16.18 2. Travel Allowance 0.50 0.50 3. Telephone -_0.75 0.75 4. Telex/Fax/Internet -_3.44 3.44 5. Stationery 4.99 4.99 6. Advertisement 8.75 8.75 7. Consumable Stores -_4,90 4.90 8. Consultancy - 29.59 29.59 9. Petty Cash 1.96 1.96 Sub-Total Expenditure (RPA) (1+9) 71.05 71.05 Sub-Total Expenditure (GOB) 70.09 70.09 Total Expenditure - 141.14 141.14 Total Cash - 2,968.59 2,968.59 Total Expenditure & Cash - 3,109.74 3,109.74 The accompanying notes are an integral part of this financial statement. Prepared by: Authorized Representative: /1 Md. Mizanur Rahman, SFMS Ahmed Arif Rashid Project Director, BWCSRP (Component-A) 1 Str gthening Meteorological Information Services and Early Warning Systems (Compoflnent-A) under Bangladesh Weather and Climate Services Regional Project" NOTES TO FINANCIAL STATEMENT 30th June, 2018 GOVERNMENT OF BANGLADESH: Fund are allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditure, as specified in the Project Proforma and in the Annual Development Programme for each of the project. Any allocated funds that have not been expended by the end of a fiscal year lapse and must be returned to GOB. GOB contributions to the project since inception are as follows: (Figure in Lakh Taka) Inception to 30th For the year 2017. Inception to 30th June 2017 18 June 2018 Disbursed by GOB - 70.09 70.09 Less: Refund to GOB -_- Total - 70.09 70.09 2.0 LOAN/GRANT FROM DEVELOPMENT PARTNER: (Figure in Lakh Taka) Inception to 30th For the year 2017 Inception to 30th June 2017 18 June 2018 Initial Deposit (Advance)-IDA - 3,000.00 3,000.00 Credit (IDA-(5837-BD)) - RPA (SOE Procedure) - 39.65 39.65 RPA ( Non SOE Procedure) . - - Others _ _ - -_ - Total - 3,039.65 3,039.65 3.0 OTHERS RESOURCES: N/A (Figure in Lakh Taka) Inception to 30th For the year 2017- Inception to 30th June 2017 18 June 2018 Project Revenues Exchange gains/losses - - Total - 4.0 CASH: (Figure in LakhTaka) Inception to 30th For the year 2017 Inception to 30th June 2017 18 June 2018 Imprest Account Operating Account (RPA) - 2,968.59 2,968.59 Operating Account (GOB)O) .__ _- Ed Total - 2,968.59 2,968.59 Prepared by: Authorized Representative: Md. Mizanur Rahman, SFMS Ahmed Arif Rashid Project Director, BWCSRP (Component-A) 2 "Strengthening Meteorological Information Services and Early Warning Systems (Component-A) under Bangladesh Weather and Climate Services Regional Project" Bank Account Information "Strengthening Meteorological Information Services and Early Warning Systems Name of the Project:. (Component-A) under Bangladesh Weather and Climate Services Regional Project" Agreement No. Date: : Credit Number: 5837-BD Dt. April 05, 2017 Name of the Development Partner: : International Development Association 1. Bank where Imprest Account is kept: : NA Name: Address: Account No. Bank Balnces as on 01-07-2017 Bank Bainces as on 30-06-2018 2. Bank where Operating A/C (GOB) is Kept: NA Name: Address: Account No. Bank Bainces as on 01-07-2017 Bank BaInces as on 30-06-2018 3. Bank where Operating A/C (RPA) is Kept: Name: : Sonali Bank Limited Address: : 1156-Gulshan B.8 Avenue, Dhaka, Bangladesh Account No. : 0115603000050 Bank BaInces as on 01-07-2017 : 0.00 Bank BaInces as on 30-06-2018 : 303,389,053.81 Prepared by: Md. Mizanur Rahman, SFMS Authorized Representative: Ahmed Arif Rashid Project Director, BWCSRP (Component-A) Bangladesh Weather and Climate Services Regional Project (component -A) Credit Number: 5837-BD DA-A DESIGNATED ACCOUNT RECONCILIATION STATEMENT For the Reporting Quarter: April-June, 2017-18 FINANCING NUMBER: 5837-BD ACCOUNT NUMBER :0115603000050 WITH (BANK) Sonali Bank Limited, 1156-Guishan B.B Avenue Dhaka 1 TOTAL ADVANCED BY WORLD BANK (OR COFINANCIER) BDT 300,000,000.00 2 LESS TOTAL AMOUNT RECOVERED BY WORLD BANK BDT 3 EQUALS PRESENT OUTSTANDING AMOUNT ADVANCED TO THE SPECIAL ACCOUNTS (NUMBER 1 LESS NUMBER 2) BDT 300,000,000.00 4 BALANCE SPECIAL ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE AS of 30 June, 2018 BDT 303,389,053,81 5 PLUS: TOTAL AMOUNT CLAIMED IN THIS APPLICATION NO. + 80T 6 PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON:_+ BDT 7 PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENT APPLICATION NO. AMOUNT SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED +BDT 8 Adjustments: MINUS: Interest (5,262,537.00) BDT PLUS: Bank Charges 790,639.00 (4,471,898.00) Less: Cheque Issued but not presented (2,058,909.61) Add Cash in hand-Petty cash amount, not yet claimed. c 1,059.25 9 TOTAL ADVANCE ACCOUNTED FOR (NO. 4 THROUGH NO. 9)= BDT 296,859,305.45 10 EXPLANATION OF ANY DIFFERENCE BETWEEN THE TOTALS APPEARING ON LINE 3 AND "-1 9 Prepared by: Authorized Representative: Md. Mizanur Rahman, SFMS Ahmed Arif Rashid Project Director, BWCSRP (Component-A) Audit opinion on Interim Unaudited Financial Reporting (IUFRs)/SOE. The fund was released by World Bank on the basis of IUFRs prepared and submitted by Project Authority to the World Bank. We examined the IUFRs relating to financial year 2017-18 of the project and found that all IUFRs were correct and based on Books of accounts. We have audited the Interim Unaudited Financial Reporting (IUFRs)/SOE of the "Strengthening Meteorological Information services and early warning systems (Component A) under "Bangladesh Weather and Climate Services Regional Project" financed by IDA Credit No. 5837-BD as of 30th June, 2018 & for the year ended then submitted to the International Development Association (IDA) for reimbursement ofexpenditure in accordance with the IDA Financing Agreement. The audit was conducted following International Standard on Auditing. Accordingly, it included such tests of accounting records and supporting documentations, review of systems of internal control, so far exists, adopting necessary auditing procedures that we considered essential ender the circumstances. a) The particulars of withdrawal on the basis of IUFRs as submitted to the Audit Team are shown in Annexure. b) Three withdrawal Application was submitted by the project authority to World Bank for reimbursement for the financial year 2017-2018. c) The presentation and submission of claim to IDA by the project authority on the basis of IUFRs was valid and supported by adequate documentations. In our opinion, the World Bank could rely upon the statement of expenditure to support the applications for credit disbursement of expenditure incurred for the purpose of the project specified in the particulars of withdrawal application. (Sarkar Moham d Khairul Alam) Deputy Director For Director General Foreign Aided Projects Audit Directorate E-N Phone: 88-02-8391548 LY PNI1 F L Batgladesi Weather-and d imate Seryices Rgiònol-Project (Coniponeit-A) DA Credlit No-5837-BI) I A. Pioj'ect'Sources & Uses of Funds For th. Reporting Quarter: April-Jime, 2017-18 ih Local Curremcy Uxn. BDT (BDT ~n LaG) Curret.Quarter Ycat. to Date C4iiuIatiVe to Date pA DA GOB TOTAL IDA GOB TOTAL IDA GOB TOTAL (iaMillionUSD) Opening. Cash Bala_ce 1rpiect &ank ACCOUTNT (GOB) JDA Designitted Account 2,99L98 2,991.98 Pröièct Bank ACCOUNT Opening Baiance Total 2,991.98 2,99 _9 To ml ure óf rth Add: Sou,rtes ofnds :So) Projec is IDA Funds 5 Yearsid BMD-02 (not itciuded in last SoF) 2.58 Projced 11D-03 5.45 :Inestment as BMD-04 31.63 39.65 39:65 per DPP Governient Funds 2S.-12 70.08 70.08 RPA 5&88 Sources oøf Funds Total 3,031.63 2S.12 3,03.1.63 3,039,65 70.»8 3-039.6$ 3,039.65 70.8 -3,039.65 Mill Sn USD Total Receipts 3,031.63 2.5.12 3,034.63 3'039.65 7008 3,039.65 3·,39.5 7ó.óS 3, 03965 (IDA) +7.28' Less: Uses ao Fundls. itnI& Vorks ___________ ____ rom Gol3. Thus Goods ·Total sha.e of Non-Cónsulting proected Conslting 2190 - 21,90 29.59 29.59 29:59 29.59 investnentis Troining 11% from,od inremnetal Opet 41.1·3 5.-2 4-.13 4146 70.08 41146 4.1:46 7008 41.6 & 89% ftom Use of Funds Total 63.03 25.t2 63.03 71.05 .70.08 71.05 71L05 7Q,08 7i.A5 IDA Closing Cash Balance IDA Designatcd Account 2,968.59 2968.59 2.968.59 2,968..9 2,968.59 -2,96t.59 Prgiect Bank Account Prqject Bank Atcount(GOB) Clo'sing Cash Bialance Tot4 2,968,59 2,968J59 2_ 68_59___ 2,968.59 29968.659696).59 Note 1 eenm r,éd deduing bank Bå4k Charps for BDT. 4472 has been hgpor Ir Cash Accoaik 23 nt, aipeatire C'st al! mmmé con1punents caU» q Wfthe pinJect. eum Consfrl cos-rc Lnddpiki tel,Wnk 1 rop 3 tnettmixdali O perad (han"meansthe tdöüfle co.ts reqwuyfoib.do,'t.-day conr-di n a odiinitrinn amd supervision qfPrject aczxi:iies, includng lea.sing uma roxz,ine repotfr and.maijnteramee.t(lc Lvbd ,qupuierit, fact futes andqfJice ;emibe. id ;ùpplds. rurite.. ennsnnwhhüs, com,so,m.iu, ld thtasuir O>peratin C r, are- paid 1t0 the tdegible r*ptnt/.1rboq4, .inktrig symtan: ( x&tpl jitr-peuyvcash .expe'nses fIlowting 3,rimiim!'s eistin pØoll) I,ut achidjng 2ksiries. r dett hi olkonca and honoatai -»n ö ocalså of t he iccipint's ciltisertice uniet r he i 'ming ül(qtwarec nd hroraiwm otfany'othser rotur. Authorised Representative: å jg 5 S(Ahmed Aril' shid) Project Director, BWCSRP (Component-A) ý:doux,,Z IrneIxIx p1d" Auditor's Report on Special Account. 1. We have audited the Special Account Statements CONTASA Accounts bearing SND A/C No. 0115603000050 with Sonali Bank Ltd, 1156- Gulsan Bangabandu Avenue ,Dhaka of "Strengthening Meteorological Information services and early warning systems (Component A) under "Bangladesh Weather and Climate Services Regional Project" 2. Our audit was carried out in accordance with international standards on auditing. Accordingly, our audit included such review of the tests of the accounting records and supporting documentation, verification of accounts balance and reconciliation that we have considered necessary under the circumstances. 3. The accompanying special account statement was prepared on the basis of initial deposits and withdrawal for the purpose of complying with above agreement. 4. In our opinion the receipts are properly accounted for and withdrawals were made for the purpose of the project in accordance with lone the above special account gives a true and fair view of the beginning & ending balance and the account activity for the year ended 30 June 2018 on the basis of cash deposits and withdrawals. 5. The special account is being maintained according to the approval of Finance Division. The withdrawal of money is in accordance with authorization of Finance Division. (Sarkar Mohamma Khairul Alam) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 88-02-8391548 13