3Tufm Awrq-ftiT awi 4;gf D~aTw k4 Indian Audit & Accounts Department Office of The Director General of Audit (Central), a T Chandigarh DGA/CE/CTU/WB/AC/2019-20/ Date: f rm: Audit Certificate in respect of expenditure incurred by Efficient and Sustainable City Bus Services Project (ESCBS) in Chandigarh Transport Undertaking during 2018-19 under World Bank Aided Project (GEF Grant Number TF01 8577). 4 2018-19 TWorld Bank Aided Project (GEF Grant Number TF018577) -5 374J"Efficient and Sustainable City Bus Services Project (ESCBS)" iTfT tfTWIlvR Project Implementation Unit, Chandigarh Transport Undertaking I9T UTIf T7T1 TF4 Statement of Expenditure (SOE)/Interim Unaudited Financial Reports (IUFRS) UT I The Controller of Aid- Accounts & Audit. Ministry of Finance., Department of Economic Affairs. 5th Floor. Bank Division, Janpath Bhawan, New Delhi - 11000 1 2. The Officer on Special Duty (Urban Transport) and Ex-Officio Joint Secretary. Project Implementation Unit, Sustainable Urban Transport Project, Ministry of Urban Development, Government of India,, Gr. Floor, NBO Building, Nirman Bhawan, New Delhi- 110011 3. Secretary Finance, Chandigarh Administration. ef~ ~~I U m -qf lwl 1ndk1 Aldit &Acounts Dcpartient ww wOffice of The Director General of Audit (Central). Chandigarh DGA/CE/CTU/WB/AC/2019-20/ Date: AUDIT CERTIFICATE The Expenditure Statement/ Financial Statements relating to the Efficient and Sustainable City Bus Services Project (ESCBS) in Chandigarh Transport Undertaking (GEF Grant Number TF018577) for the vear 2018-19 attached hereto have been audited in accordance with regulations and standards of audit of the Comptroller and Auditor General of India and accordingly ineluded such tests of accounting records, internal checks and controls and other auditing procedures necessarv to confirm. (a) That the resources were used for tfe purpose of the Project and (b) That the Expenditure statements/ financial statements are correct. During the course of audit referred to the above, Statenent of Expenditlure/Interim Unaudited Financial Reports for Rs. 1,56,07,389/- (Rs. One crore fifty six lakh seven thousand three hundreCI eighty nine only) and the concerned documents were examined and these can be relied upon to support reimbursement under the aforesaid loan/ eredit agreement. On the basis of the information and explanations that have been obtained as required and according to the best of our inforimation as a result of the test audit, it is certified that the Expenditure Statements/ Financial Statements represent a true and fair view of the imiplementation and operations of tle project for the year 2018-19. Net admissible amount is Rs. 1,56,07,389/- (Rs. One crore fifty six lakh seven thousand tiree hundred eighty nine only). This Certificate is issued vithout pr'ejudice to CAis right to incorporate any further/ detailed audit observation if and whien made in the Report of CAG of India for being laid down before Parliament/ Stae Lecgislature. Dy. Director Central Expenditure IT PTw ?kwi -ft&T VPuftzr1~r Indian Audit & Accounts Department -n Office of The Director General of Audit (Central), Chandigarh DGA/CE/CTU/WB/AC/2019-20/ Date: ........ Audit Report of the Comptroller and Auditor General of India in respect of World Bank Aided Efficient and Sustainable City Bus Services Project (GEF Grant Number TF018577) in Chiandigarh Transport Undertaking. Report on the Project Financial Statements We have audited the accor1pa1nying t inancial statements of the Efficient and Sustainable City BuS Serv ices P~roJect (ESCBS) which comprise the Statement Of Sources and Applications of Funds and the Reconciliation of Claimis to Total Applications of Funds for the year ended 31 March 2019. These statements are the responsibilit of the Proiet management. Our responsibility is to express an opineo on the accompariving financial statements based On our- audit. We conducted our audit in accordance with the ALditing Standards promulgated by the Comptroller & 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 lest 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 bAell as oaluating the overall statement presentation. We believe that our audit provides a reasonable basis for our opunon. In our opinion. the financial statements present fairly in all material respects the Sources and application of funds of the Efficient and Sustainable Cit\, BuIS Serv ices Pro -ject for the year ended 20 18-19 In accordance with Government of India accounting standards. In addition. in our opinion. (a) with respect to Statement of Expenditure (SOE)/Interim Unaudited Financial Reports (I URs). adequate supporting documentation has been maintained to support claim to the World 3ank foi reimbursements of expenditures incurred, and pb) except for inadmissible expenditures of Nil amnount as detailed in the audit observations, appended to this audit report, expenditures are eligible for financing under the Loan/ Credit Agreement. During the course of the audit of Statement of Expenditure(SOE)/Interim I Unaudited Financial Reports (IUFRs), an amount of Rs. 1-56,07,389/- ( Rs. one crore fifty six lakh seven thousand three hundred and eighty nine only) can be iClied upon to sIpport reimbursement under the Loan/ Credit Agreement. The audit report is issued without prejudice to CAG's right to incorporate the audit observations in the Report of CAG of India for being laid before Parliament/ State or UT Legislature. Dy. Director Annexui-e - I STATEMENT OF SOURCES AND APPLICATION OF FUNDS Consolidated Stateienlt of sources and Application of Funds Report for the year ended 31 Marchi 2019 Name of the Project: - Efficieit and Sustainable City 131us Services Project (ESC13S) Narne of the Project implementing Agency (PIA):-Chlandigarhi Transport Undertaking GLOBAL ENVIRONMENT FACILITY (GEF): - GRANT NUMBER TF 018577 Particulars CurrentFY lpto last Cumulative FY forthe Sources ofproject funds World Bank (A) Funds - GEF Others (B) -- - Total Sources Sum (A to B) 1000000 Application of - Funds Component 1 Depot 15063457 12865617 27929074 - - ____+Equipment Component 2 (D) Consultant for 0 3879022 3879022 Intelligent Transport --- ý kSY-_Sytem ___ Component 3 (E) Hospitality i - 0 91126 91126 Department Component 4 (F) Advertisement 543932 800060 1343992 ____ ________ Bilis 15607389 17635825 33243214 Expenditure to F) Advances (H) Total (G+F) 33243214 Applications 3231 Dy. Direttor Central Expenditure 1Loan/Credit/rant No. : GEF Grant Number TF OJ 8577 Reconciliation of claims to Total Application of Funds Report for the year ended 31 March 2019 - u e r Previous Y Par t -llj ejafillej__ T-9cct to date Ut 11S 4 UF1R2 ------ fult 4 -- - - expendtuie made 15607389 17635825 33243214 Less ouitstnildin - Inlig o il expenditure II- ID) ,1pend,iure noýt el a med------- xpenditure not cokelred iV 16r allocation i.e - 00%vmoney wll be reimburised by some ter fillilg ag c\ ies. Expend Liturle Cm15607389 17635825 3324324 (G)=(-C 4-D- E-F) Dy. Director Central Expenditure Notes: - l Total Expenditure made during the year (13 above) must be the same as the Total Expenditure shown 011 the Statemeni of sources and Application of Funds (D on the Statement of Sources and Application of Funds). 2. Outstanding advances refer to advances which have not been adjusted at the vear end. 1 Expenditure not claimed (E above) may reflect timing diflferences for eligible expenditures incurred during the year hti claimed after the year end. Statement of Expenditure/Interim Unaudited Financial Reports incurred in respect of World Bank Aided "Efficieit and Sustiinahle City Bus Services Project (ESCBS) in Chandigarh Transport Undertaking for the vear 2018-19 S. Name of the Name of audit Fxpenditure Name of the Amot (Rs) A ons/Renars No. Institution office to issue audit audited Project Rs. t certificate Rs. Chandigarh Director General of Head of Eicient and 15607389 ransport Audit (Central) Account: Sustainable Undertaking Chandigarh 3055- Road City Bus Transport- Ser ices 201- Project Chandigarh (ESCBS) in Transport Chandigarh U ndertaking- Transport 798- Undertaking International corporation 5055-Capital outlav on Road Transport- 201 -CT J-03 00 60- other capital expenditure - -- --Grand Total 15607389 Sr. Au 0ft Officér Statement of Expenditure/Interii Unaudited Financial Reports incurred in respect of World Bank Aided "Efficient and Sustainable City Bus Services Project (ESCBS) in Chandigarh Transport Undertaking for the year 2018-19 Sr Name of Scheme Budget provisions and Amount not Amount Percentage Ainount Remarks No. Expenditure admitted in admitted in of reimbursahle audit and audit on the expenditure proposed to basis of admissible be wlici disallowed Audit from Audit Certificate Certificate will be -- -_ --_ issued. Budget Expenditure ---- -- (Rs.) _ Rs.) 2 3 4 6 7 __ 9 Efticient and 10000000 15607389 Nii 15607389 100% 15607389 All the Sustainable City budlt Bus Services under major Project (ESCBS) head 3055 -- WB-01 00 50 - other charges --- - -- exhausted. Sr. Audit Officer'