4 TP#F Sl1tIWtUinTW -sW , T?UQTII! - 474 002 INDIAN AUDIT & ACCOUNTS DEPARTMENT OFFICE OF THE ACCOUNTANT GENERAL (G & SSA) MADHYA PRADESH, GWALIOR - 474 002 fk9 / DATE: 0 oj 30, da -g - 425001 (aEw&r) ---31 r WHTW- -l4 2017 18 - t0 ( c0éO-- 095549 37qV) 3wTrd c<4 2017-18-a n eg > smm~ q51r 347 Un wpträ * 3ll - rO Ho/u _Tfr Tý3TT4WG' -¯T~Š tg vfkd t- t¾tf , t0"090 (SUTP) ftin wr, t d 3rr< olt - 110011 1 àsT1i1 : 0751-2631290 AUDIT BHAWAN, JHANSI ROAD, GWALIOR-474002 Telephone : 0751-2323504, 2323505, 2436827, Fax : 0751-2631290 E-mail : agaumadhyapradeshl@cag.gov.in Audit Opinion Report on the Project Financial Statements We have audited the accompanying financial statement of the Sustainable Urban Transport Project financed under GEF Grant No TF 095549 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 31 March 2018. 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 of material misstatement. Our audit examines, on a test basis, evidence supporting the amounts and disclosure 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 applications of fund of sustainable Urban Transport Project GIF Grant No TF 095549 IN for the year 2017-18 in accordance with Government of India accounting standards. In addition, in our opinion, (a) with respect to interim unaudited Financial report (IUFRs), adequate supporting documentation has been maintained to support claims to the World Bank for reimbursements of expenditures incurred, and (b) except for ineligible expenditure as detailed in the audit observation, if any, appended to this audit report, expenditure are eligible for financing under GEF Grant No TF 095549 IN. During the course of the audit, IUFRs and the connected documents were examined and these can be relied upon to support reimbursement under the Grant Agreement and details of the same as follows; SI.No. Application No. Total Expenditure for the Reimbursement amount for year ending 31s March, the year ending 31s March, 2018 2018 1 Not applicable Z 145.64 Million Z 98.80 Millions This report is issued without prejudice to CAG's right to incorporate the audit observation in the Report of CAG of India for being laid before Parliament/State Legislature. Enclose- Annexure-A o (Mona Jain) Deputy Accountant General (Social Sector-Ill) и ;�,� � � п А ..�........ . � � � n П ь'S О � � ?1 � � 't7 � � О w � � � , � � � � ` 7Ci о н 9 С9 7 .�. �7 Cti` Сг1 � � .� '� У м � � � ^.. � �К � R � С" � -�h гS y�v, ry 'О N г 4 r� �' о � � � � N � ^у ' о � jг` � у � ц � к n � оо ¢- й: � °� с �ё �. с VY ", (! � � � А W С � ^' с � о` ч_ ro С� � � f-�i У. W � ,�j' Li+ �. N д. 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R'.......^ "0 � ... � � � А О � р� О Ги � К г9 � � г�-� 'Л Г5 -� 4� F� rн С? �' � v, �, �р г r, v � � � � Р n ы • Г f`.+ .�у � � С' � р � С ry � , ге �- � s � � � n � � � � � �. 3 � s, � р; ~ � Uc '`�3'^ � С7 Do Q �-7 О *а ' N a 7 r r C - C E G 3 n Cn r kri 'DLJ nz in miHions INR Own N % I Contribution GEF Tot I Receipt Opening Balance 43.8/ 6,65 8,39 Receipt During the period /1-45 Tota I (A) 115-32 3 -.uo 8.39 Expenditure/Outflow$ FUNDED BY BANK Opera JP10jecl Narne:Enchancerrient of BRT 'ti.r" Category - GOODS Centra lized Traff ic Cc ntrol ce nter Surveilliance (C TVs) TMC hardware AFCS Equipment and Installation 64% 14.32 25,46 'In 7o AFC S Eq wpment and I n stallatto n 1 CC% i5.42 57.83 'IMC ')Ltw , Category C JEGORY TA for ITS application in Transit operations PMC Charges 2,316 15-51 17.83 M &E Technical Assistance Studies Trainingfo;-Cap Total of Funded by Bank 29.74 2,32 98.80 NOT FUNDED BY BANK Traffic Signal systems 0.94 Automatic sliding door!; 0.94 TMC software VMS (Traveler Others Communication System 0.96 0.96 TIVIC Construction 12,87 12 7 AFCS Equipment and Installation Contingencies Price Escalation Project Preparation & Implementation Expenses Total of Not Funded by Bank Advances to Suppliers Total Expenditure 43-55 3-28 9s,80 145 64 Balance (A-8) 71.17 51-oo 336 (90.42) 35 71 AT / oCA SeMOM Ltd Arnount in Mi iinns (INR) schedules rprojet to Current Year Previous Year t date Bank 59 ToalEigibbe ýxpenditures Clairmed (G =B-C-()()() 130.86 41.57 2.4 WrdBank Share CE 64 %, of Goods and 87% of Consultacrad After 26 Febr 100% (G) auDve (H1) 98.8c0 36_.16 134 96 Date Date ____ ____ ____ _ _ _ _ _ _ _