_I~ei, WQä-T-302 005 INDIAN AUDIT AND ACCOUNTS DEPARTMENT OFFICE THE OF PRINCIPAL ACCOUNTANT GENERAL (GENERAL AND SOCIAL SECTOR AUDIT) HAJASTHAN Janpath, Jaipur-302 005 _____ ___ ~4/ Date.\ 9 . . ..... f-4 vRftæni T41-i ~i,fk fln "r-, SIAM-,14~ri ÖmI-f,-gi,> ~ W9, fflm :- fåRn -k +1eien VTm "vfr,2- -T,N fe [ f-ftM-ûi-ii 4fr (Cr. No. 5085-IN)" -- W 2013-14 -E¯Tåt 7l ITrTUT ~Tffi - -s 1 fem ~ T "TrrdiIli4fqRa ir fmciNdM' ~f (Cr. No. 5085-IN)" w -4 2013-14W · rw xTTT vmTUT - (Annexure4) TM -ar ffi«MT " NT [31T F iT 2. -a17 få17M IcM 3. -isM 3TTI :2285 0141-2385181 :m : 2385430-39, 2385230, 2385131, 2385232 an: Mrr Telex :2285 Fax :0141-2385181 Telephone 2385430-39, 2385230, 2385131, 2385232 Telegram Lekhapariksha Annexure 4 Report of the Comptroller and Auditor General of India The Project Director, Rajasthan Agricultural Competitiveness Project, Rajasthan Agricultural Competitiveness Management and Implementation Society, Second Floor, SIAM Block, Durgapura, Jaipur - 302004, Report on the Project Financial Statements We have audited the accompanying financial statements of the "Rajasthan Agricultural Competitiveness Project (Cr. No. 5085-IN)" which comprises the Statement of Sources and Application of Funds and the Reconciliation of Claims to Total Application of Funds for the year ended 31-03-2014. 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 with 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 from 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 "Rajasthan Agricultural Competitiveness Project (Cr. No. 5085-IN)" for the year ended 31-03-2014 in accordance with Government of India accounting standards. In addition, in our opinion, (a) with respect to SOE's, adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred, and (b) except 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 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 the CAG of India for being laid before Parl :ent/State or UT Legislature. Sr. Dy. Aa tant General / G.S.S.-I Audit Observations 1.Irrregular inclusion of non reimbursable amount for T 76474/- (i) Scrutiny of the records revealed that an amount of T 61540/- refunded to contactors on account of security deposit. It was included in reimbursement claim which was not reimbursable. Hence, preference of claim T 61540/- does not qualify for reimbursement. (ii) Scrutiny of the records revealed that an amount of Z 14934/- was paid to the Income Tax Department as penalty due to late submission of Income Tax Return and depositing the amount of TDS after due date for the assessment year 2012-2013 which was not reimbursable. Hence, preference of claim T 14934/- does not qualify for reimbursement. Sr. Dy. Accountant General/G.S.S.-I PMU-RACP, jaiptir IInd Floor, SIAM Academic Block,[)urgapuro,Jaipur Statement of Expenditures For the Year Ended 31-03-2014 S. No Expenditures Amount 1 Earning of Employees/Pay & Allowances 16101498.58 2 Deduction 794334 3 ARAVALI Exp. 2889261 4 SKRAU Exp. 501604 5 DPMU Exp. 3107018 6 Electricity Exp. 193601 7 Manpower Consultancy Charges 268819 8 Hospitality Exp. 57394 9 Vehicle Rent 882981 10 Medical Reimbursement 82667 11 Office Exp. 1335370 12 Publicity & Advertisement 819790 13 Project Prep. Exp. 2000 14 Security Services 395296 15 Security Refund 61540 16 Telephone Exp. 543521 17 Training & Capacity Building 73584 18 Travelling Exp. 387837 19 Bank Charges 3775 20 Consulting Charges 288780 21 Books & Periodicals 5849 22 Building Rent 1350000 23 CACP (NGO) Mokhampura Cluster Payment 261292 24 Computer 31750 25 Pension Contribution 752104 26 Furniture & Fixture 3078062 27 Deductions of Employees Deposit in Bank 579221.61 28 Other Tax 230376 29 Work Shop & Orient. Exp. 738459 30 VAT 7929 TOTAL 35825713.19 *S.No 1: Pay & Allowances were shown under two categories - Earning of Employees & Pay & Allowances. Earning of Employees also belongs to Pay & Allowances; hence both have been shown under one head as per A.G. Instructions. The total amount of Pay & allowances for the year 2013-14 is Rs. 16101498.58 (Earning of employee Rs 2886288.58 + Pay & allowance Rs. 13215210.00). Ch f Finance Controller it*rrrf7ith VWMW Rajasthan Agricultural Competitiveness Prject Tq%q' VRW ~c~,- ~YG~CLJAIPUR Annexure 1 Statement of Sources and Application of Funds (Projects implemented by core government departments) Name of Project-Rajasthan Agricultural Competitiveness Project Loan/Credit/Grant No.-5085 IN Statement of Sources and Applications of Funds Report for the year ended 31.03.2014 In Rs.'000 Particulars Current Previous Project Year Year to Date 11524.00 1409.00 N.A. Opening Balance (if cash balances are controlled by the entity) (A) Receipts Funds received from Government through Budget ( These will 60000,00 31500.00 96500.00 include external assistance received by Government for the project) Funds received directly by project implementing Authority through 0.00 0.00 0.00 external assistance. 880.46 0.00 895.46 Beneficiary Contribution (if any) other Income* 60880.46 31500.00 97395.46 Total receipts. (B) Total Sources (C= A+B) 72404.46 32909.00 97395.46 Expenditures by Component 501.00 204.00 705.00 A. Climate Resilient Agriculture 0.00 0.00 0.00 B. Market & Value Chain 2889.00 1970.00 4859.00 C. Farmers Organisation and Capacity Building 32435.00 19211.00 55252.00 D. Project Monitoring Management and learning 35825.00 21385.00 60816.00 36579.46 11524.00 N.A. Closing Balance (if cash balance are controlled by the entry) (C-D) Note: to the Financial 1. Information about the basis of preparation of the financial statements with regard Rules and Codes applicable. by the accounts 2. The above figures will be based on monthly/quarterly abstract accounts prepared with details of unreconciled amounts to compiling offices, duly reconciled by the respective DDOs. be furnished. to prepare the consolidated 3. Names of accounting units whose financial statements are"aggregated accounts. 4. Any other project specific Note. * This include last year omitted other Income of Rs 303000.00 4QqU miiT . Chief Finance C ontroller TqU M'q N'4 Rajasthan Agricultural CoirpetifNenessfPtject JAIPUR vp 4 Annexure 2 Reconciliation of claims to total Applications of Funds Name of Project-Rajasthan Agricultural Competitiveness Project Loan/Credit/Grant No.-5085 IN Reconciliation of claims to total Application Funds Report for the year ended 31.03.2014 Schedules Amount (Rs.000) Current Year Previous Project to Year date Bank fund claimed made during the year (A)* 1 25078.00 14969.00 42571.00 Total Expenditure made during the year (B) 35825.00 21387.00 60816.00 Less: Outstanding AC Bills (C) Intangible expenditure (D) Expenditure not claimed (E) IV ColCurrentnYearPPreviousrProjectlto Total Eligible Expenditure Claimed (F)= (B)-(C)-(D)-(E) World Bank Share @ x% of (F) above (G) Raja Pectoject JAIPAR___________ Date Date Note: 1. Total expenditure made during the year (B above) must be the same as as the total Expenditure shown on the Statement of Sources and Application of Funds (D on the Statement of Sources and Applications of Funds) 35250 218I0 6860 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 show in scheduled the opening balance of unsettled Ac bills. AC bills drawn during the year. AC bills settled during the year and AC bills unsettled at the end of the year. 3. Expenditure not claimed (E above) may reflect timing differences for eligible expenditure incurred during the year but claimed after the year end. 4. Amounts A and G above must be equal. *Bank Fund claimed made shown in Column A as instructed by AG officials. Actual Bank funds received for the current year, previous year as well as project to date (as suggested by WB in mail dated 22.10.2013) are as under: Current Year Previous Yea r Project to Date 25180.07 14962.61 42650.73 'Chief Firdma1-01troller