OFFICE OF THE qn+ 441laiait (laru(lgnr ) PRINCIPAL ACCOUNTANT GENERAL (AUDIT), gmIgug qr qiufvru, i'it - 834002 JHARKHAND, RANCHI • 834002 mfq,/Oate . Report of the Comptroller and Auditor General of India To, The Joint Secretary, Ministry of Finance, Department of Economic Affairs, Government of India, Room No. 40B, North Block, New Delhi= 110001. Report on the Project Financial Statement: We have audited the accompanying financial statements of the World Bank Assisted Tejaswini Project; Loan/Credit No. IDA 5868-IN", which comprise the statement of Sources and Applications of Funds and the Reconciliation of Claims to Total Applications of Funds for the year ended 3 I st March,2019. These statements are the responsi bi I ity of the Project's Management. Our responsibility is to express an opinion on the accompanying financial statements presentation, based on our audit. We conducted our audit in accordance with Auditing Standards Promulgated by the Comptroller & Auditor General of India. Those Standards require that we plan and perform the audit to obtain reasonable assurance as to 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 audit provides a reasonable basis for our opinion. In our opinion, the financial statements present fairly, in all material respects, the Sources and Applications of funds of World Bank Assisted Tejaswini Project; Loan/Credit No. IDA 5868-IN" for the year ended 3 l st March, 2019 is in accordance with Government of India accounting standards. In addition, in our opinion, (a) With respect to Statement of Expenditure (SoEs), adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred; and (b) During the course of the audit SoEs/FMRs (vide letter No. 553/JWDS(Tej.)/496/2019 dated 24.07.2019 of O/o the Project Director, Jharkhand Women Development Society, Department of Women, Child Development and Social Security, Govt. of Jharkhand for the amount of Rs. 4, 12,32,229 was provided of which actual audited expenditure is Rs. 4, 12,32,229 whose seventy percent (70%) of expenditure i.e. Rs. 2,88,62,560 is admissible for reimbursement) 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 down before Parliament/State or UT Legislature. Date: 20.1 1.2019 3717/Telephone : 0651-2411670/2413690 that/Fax : 0651-2412517/2413701 5-le/e-mail : agaujharkhand@cag.gov.in Annexure 1 Statement of Sources and Applications of Funds Name of the Project: Tejaswini: Socio-economic Empowerment of Adolescent Girls & Young Women; Loan/Credit No. IDA 5868- IN; Report for the. Y@.o> ending March 31,2019 (Amount in Rs. '000) Particulars Current Year Previous Year Project to date (2018-19) (2017-18) (Up to March 31,2019) Opening Balance, (if cash balances are 3,77,354.001 51,260.680 Nil controlled by the entity) (A) Receipts Funds received from Government through Nil 3,50,000.000 4,05,000.000 Budget (These will include external assistance received by Government for the project) Fund received directly by project Nil Nil Nil Implementing Authority through external assistance Beneficiary Contribution (if any) Nil Nil Nil Total Receipts (B) Nil 3,50,000.000 4,05,000.000 Total Sources (C = A+B) 3,77,354.001 4,01,260.680 4,05,000.000 Expenditure by Component A. Expanding Social, Educational & 10,219.918 3,982.500 14,202.418 Economic Opportunities B. Intensive Service Delivery 14,184.066 2,915.946 17,1 00.012 C. State Capacity Building & 16,828.245 17,008.233 37,575.798 ?mplementation Support. ? Total Expenditures (D) 41,232.229 23,906.679 68,878.228 Closing Balance (if cash balances are 3,36,121.772 3,77,354.001 3,36,121.772 controlled by the entity) (C-D) R» c.- J). 0 .0013 Financial Management Specialist Project Director Tejaswini Project, JWDS Jharkhand women Development Society Notes: l. Information about the basis of preparation of the financial statements with regard to the Financial Rules and Codes applicable. 2. The above figures will be based on monthly/quarterly abstract accounts prepared by the accounts compiling office, duly reconciled by the respective DDOs with details of unreconciled amount to be furnished. 3. Names of accounting units whose financial statements are aggregated to prepare the consolidated accounts. 4. Any other project specific Note. Annexure 2 Reconciliation _of Claims to Total Application of Fund Name of the Project: Tejaswini: Socio-economic Empowerment of Adolescent Girls & Young Women; Loan/Credit No. IDA 5868- IN; Report for the ?Or ending March 31, 2019 Amount (in Rs. '000) Particulars Schedules Current Year Previous Year Project to date (2018-19) (2017-18) (Up to March 31, 2019) Bank Fund claimed during the year I 28,862.560 16,734.675 48,214.760 (A) Total Expenditure made during the year 41,232.229 23,906.679 68,878.228 (8) Less: Outstanding AC Bills (C) II Nil - Nil Nil Ineligible expenditures (D) III Nil Nil Nil Expenditure not claimed (E) IV Nil Nil Nil Total Eligible Expenditures claimed 41,232.229 23,906.679 68,878.228 F=(B)-(C)-(D)-(E) - World Dank Share@ 70% of (F) above, 28,862.560 16,734.675 48,214.760 (G) ,.,,.. l . .I . Fina±cia} langement Specialist Tejaswini Project, JWDS . . Project Director Jiarixhand women Development Society Notes: I. Total expenditure made during the year (B above) must be the same as the Total Expenditure shown on the Statement of Sources and Application of Funds (Don the statement of Sources and Applications of Funds). IV r Annexure World Bank assisted Name of the Project Tejaswini Project Loan/Credit/Grant No. IDA5868IN Statement showing fund received and expenditure incurred under Tejaswini Project during Financial Year 2018-19 SI. Particulars Amount (In Rs.) No. l Opening Balance as per the Audit Certificate for the Financial 37,73,64,001", Year 2018-19 11 Receipt during the Financial Year 2018-19 Nil ... ' II1 Total (i+ii) 37,73,64,001 IV Expenditure incurred as per the Statement of Expenditure 4,12,32,229 +% submitted by the Project Director Inadmissible Expenditure 0 / f I V - VI Closing Balance (iii-iv-v) 33,61,31,772 av \5 Sr. Audit Officer/FINAT-II