.I,'.'.,','•<: ,. •




, : .. .                            •
·. m,.,r~kf :~~~i\'l! ..'l'l°h&4Lf'l! · t"F·Otth
                .· . . .. r11tt11 'tnttiliiC .:· .··
  .-Th~ F~de·ral: Deiµ.6<:ratic. Republic ·'.of Ethiopia:
                                                             .. ·.
                                                                                              . <J?<rc . >H:_j;t);)~
                                                                                                :;r.Noj{-~,f~';,q: •· .
                                                                                                                                (# /:'1

                   · · Ministry of Finance                  · ·                ·

       . Global Affairs·Cailada.
           Current:Donor Coordinator
           Addis Ababa

           D'eat Sir,·

           Subject:~ Submission ~f PSNP-4 EFY 2010· Annual audit report.

           Enclosed herewith please find PSNP~4 EFY 2010 (GC.2017/2018):Aimual audit repcntfot ·.
           review and clearanc~. ' '


           Thank you for your cooperation and assistance.




   · · /          The W~rld Bank Ethiopia Country Office
     ./-       > .Ministry of Agriculture ' ·
                  Addis Ababa

               .> .Channel One. Progra111s Coordinating .Directorate·:             ·.·.
               >     Rural PSNP FM Team .
                   . MoFEC


           i\b\h                           T."t.-1?. .                ti.hi\                            . h~il M'l '1.·'t-f*.' ,r
           Tel 251-11-155 24 00, 22 66 98. P.O.Box 1905,1037         Fax 251'-11-156 01 24,55 14.96 . Addis Ababa-Ethiopia
              251-11-155 00 81,83 86 89                                                  251-11-155 H 38
                                               . MhP11 ooAil l'l.M·A1 ri;:1 'll'f'C f,'f'<f'l't-
I~
                                            nt..Tf-k f  &a~&.il'e -'I.'l°h&.il.f'l! &Tilt\.h


                  •                           f'l..~11 9°Coo&. h11A°lftaT '1C7'~7i1
                                        The Federal Democratic Republic of Ethiopia
                                                Audit Services Corporation


                      INDEPENDENT AUDITOR'S REPORT ON THE
                      FINANCIAL STATEMENTS OF
                      THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
                      MINISTRY OF FINANCJE
                      PRODUCTIVJE SAFETY NET PROGRAMME PHAS:E-IV (PSNP-IV)

                     We have audited the accompanying financial statements of Productive Safety Net Programme
                     Phase-IV (PSNP-IV) of the Federal Democratic Republic of Ethiopia, Ministry of Finance,
                     which comprise the balance sheet as at 7 July 2018, and the statement of sources and uses of
 I       I           funds for the year then ended and a summary of significant accounting policies and other
                     explanatory information.

                     Responsibility for the Financial Statements

                     The Ministry of Finance is responsible for the preparation and fair presentation of these
                     financial statements in accordance with the Ethiopian Government's Manual of the Federal
                     Accounting System which is based on a modified cash basis of acco'unting, and for such
                     internal control as the Ministry determines is necessary to enable the preparation of financial
                     statements that are free from material misstatement, whether due to fraud or error.
 :           I



                     Auditor's Responsibility

     1
             I
             I       Our responsibility is to express an opinion on these financial statements based on our audit.
                     We conducted our audit in accordance with International Standards on Auditing. Those
                     standards require that we comply with ethical requirements and plan and perform the audit to
                     obtain reasonable assurance about whether the financial statements are free from material
                     misstatement.

                     An audit involves performing procedures to obtain audit evidence about the amounts and
                     disclosures in the financial statements. The procedures selected depend on the auditor's
                     judgment, including the assessment of the risks of material misstatement of the financial
                     statements, whether due to fraud or error. In making those risk assessments, the auditor
                     considers internal control relevant to the entity's preparation and fair presentation of the
                     financial statements in order to design audit procedures that are appropriate in the
                     circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
                     entity's internal control. An audit also includes evaluating the appropriateness of accounting
                     policies used and the reasonableness of accounting estimates made by management, as well as
                     evaluating the overall presentation of the financial statements.




                 '!!!1251-011-5515222        Fax 251-011-5513083
                     251-0ll-55350i2
                     251-011-5535015
                     251-011-5535016
INDEPENDENT AUDITOR'S REPORT ON THE
FINANCIAL STATEMENTS OF
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE- IV (PSNP- IV) (continued)

Opnnion

In our opinion, the financial statements give a true and fair view of the financial position of the
Productive Safety Net Programme Phase-IV (PSNP-IV) of the Federal Democratic Republic of
Ethiopia, Ministry of Finance as at 7 July 2018 and of its sources and uses of funds for the year
then ended in accordance with the Ethiopian Government's Manual of the Federal Accounting
System which is based on a modified cash basis of accounting described in note 2 to the
financial statements.

Reports on other requirements
As required by the terms of reference for financial audit and the World Bank guidelines we
report that, to the extent we can assess:

   a)     All external financing has been used in accordance with the conditions of the relevant
          financing agreements, with due attention to economy and efficiency, and only for the
          purposes for which the financing was provided;

   b)     Counterpart funds have been provided and used irl accordance with the relevant
          financing agreements, with due attention to economy and efficiency and only for the
          purposes for which they are provided;

   c)     Goods, works and services financed have been procured in accordance with the
          relevant financing agreements including specific provisions of the World Bank
          Procurement policies and procedures;

   d)     All necessary supporting documents, records and accounts have been maintained in
          respect of all project activities;

   e)     Designated Accounts have been maintained in accordance with the provisions of the
          relevant financing agreements and funds disbursed out of the Accounts were used
          only for the purposes intended in the financing agreements;

   t)     National laws and regulations have been complied with and that the financing and
          accounting procedures approved for the Programme were followed and used;

   g)     Financial performances of both the Programme and of implementing partners are
          satisfactory;

   h)     Assets procured from Programme funds exist and there is a verifiable ownership by
          the Programme implementing agencies or beneficiaries in line with the financing
        , agreement; and

   i)     Ineligible expenditures included in withdrawal applications are identified and
          reimbursed to the Designated Accounts and or the donor partners.

                                               2
INDEPENDENT AUDITOR'S REPORT ON THE
FINANCIAL STATEMENTS OF
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV) (continued)

Furthermore, with respect to the interim financial reports (IFRs) submitted during the year and
listed on page 22, in our opinion,

   i)     the reports, together with the procedures and internal controls involved in their
          preparation, can be relied upon to support the related withdrawals;

   ii)    adequate supporting documentation has been maintained to support the expenditures
          incurred; and said expenditures are eligible for financing under IDA Credit Nos.
          5540-ET, 5877-ET and 6041-ET; Grant TF OA.3267 and TFOA 1426 D2330 WFP
          and Multi Donors Co-financing;

   iii)   Ineligible expenditures which were identified had been reimbursed either to the
          Designated Accounts and or the donor partners.




1 February 2019




                                              3
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
BALANCE SHEET
AS AT 7 JULY 2018


                                                              2017

                              Notes    Ethiopian Birr     Ethiopian Birr
ASSETS

CURRENT ASSETS
  Cash at bank               2b,3         3,227,162,670    4,744,067,955
  Cash on hand                  4             7,048,993       59,523,429
  Advances                      5           314,817,407      204,615,476
                                          3,549,029,070    5,008,206,860
CURRENT LIABILITIES
  Accounts payable             6            328,370,107    1,792,728,541

NET CURRENT ASSETS                        3.220.658.963    3.215.478.319

REPRESENTED BY

ACCUMULATED FUND               7          3.220.658.963    3.215,478.319




                               4
 THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOP[A
 MINISTRY OF FINANCE
 PRODUCTIVE SAFETY NET PROGRAMME PHASE- IV (PSNP- IV)
 STATEMENT OF SOURCES ANJD USES OF FUNDS
 FOR THE YEAR ENDED 7 JULY 2018
                                                     Cumulative
                                                         from
                                    Year ended     9 April 2015 to  Year ended
                                    7 July 2018      7 July 2018    7 July 2017
                                  Ethiopi:an Birr  Ethiopian Birr Ethiopian Birr
 SOURCES
 IDA Credit (APL- IV) 5540 ET            2,616,017 11,737,292,298   2,533,171,288
 IDA Credit (APL-IV) 5877 ET                         2,140,016,812  2,140,016,811
 IDA Credit (APL-IV) 6041 ET            28,200,677   2,568,231,504  2,540,030,827
 Grant from DFID                     3,037,808,257   7,721,761,803  1,510,213, 16 l
 Irish Aid                             326,298,687      815,891,796   254,113,847
 Grant from TF OA 1426                                1,704,222,019   560,055,208
 Grant from TF OA 3267                 390,682.653      776,955,732   386,273,080
 IDA D233 ERPSNP                     4,246,127,926   4,246,127,927
 WFP                                   513,214,532      513,214,532
· Austrian Development Agency                                           48,322,800
 UNICEF                                           307,393,269          344,843,442         23,360,557
 Transfer from PSNP- III                                                79,806,761          1,938,396
 Government Contribution                        1,918,472,116        3,719,079,538      1,500,551,030
 Refund from Afar Regional State                      2,825,989         17,547,506         14,721,517
 Loss on foreign exchange                      ___lfil.,_795 ,498      231,481,311       (18,322,722)
 TOTAL SOURCES                                 11214124352621       3626642 7952 781   11244621232000
 USES
 Key instrument                                    13,632,283           19,678,726         6,046,443
 Capacity Building                                167,356,098          268,825,080        53,640,096
 Permanent direct support transfer              1,585,849,894        3,865,471,421     2,279,621,527
 Public works, and temporary directorate
   support transfer                              4,481,534,461      19,311,787,119      9,353,645,396
 W oreda contingency                                262,320,751      1,042,704,456        332,053,711
 Federal contingency                             2,674,871,484       3,621,275,847        845,333,348
 Capital expenditure for public work                892,590,291      2,628,264,063        892,845,417
 Livelihood transfer                                 69,644,000        103,213,640
 Livelihood capacity building                       166,079,235        549,114,850        112,453,097
 Woreda Administration                              194,597,002        559,247,432        173,334,457
 W oreda salary                                     319,124,153        701,300,592        238,205,354
 Regional Management                                137,051,081        469,189,601        192,321,108
 Federal Management                                 101,991,400        204,732,407         31,019,250
 Regional Management livelihood                      26,209,014         33,038,039          6,829,026
 E-payment                                           43,403,830         66,293,545         22,889,715
 TOTAL USES                                    l l 2136~?542977     33244421362818     14254022372945
  EXCESS/(DEFICIT) OF SOURCES
      OVER USES                                      5,180.644       3,220,658.963      094 114 945

                                           5
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
DESIGNATED ACCOUNT STATEMENT

For year ended                     7 July 2018
Account number                     0100101300501
Depository bank                    National Bank of Ethiopia
Address                            Addis Ababa, Ethiopia
Related Credit                     IDA Credit 5540 ET (APL-IV)
Currency                           USO



Balance at 7 July 2017                               11,149,287.00

Advance received during the year                        96,708,.64

                                                     11,245,995.64
Deduct;
Transfer to pool Birr account                       (11,245,993.92)

Ending balance - 7 July 2018




                                     6
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPlIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
DESIGNATED ACCOUNT STATEMENT


For year ended                         7 July 2018
Account number                         0100101300548
Depository bank                        National Bank of Ethiopia
Address                                Addis Ababa, Ethiopia
Related Credit                         IDA D233-ET ERPSNP
Currency                               USO Special :account




Credit fund received during the year     156,219,065.31


Deduct:
Transfer and Expenditure                 156,219,054.00


Ending balance - 7 July 2018




                                         7
THIE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
DESIGNATED ACCOUNT STATEMENT


For year ended                  7 July 2018
Account number                  0100101300501
Depository bank                 National Bank of Ethiopia
Address                         Addis Ababa, Ethiopia
Related Credit                  IDA Credit 6041ET (APL IV)
Currency                        USD



Balance at 7 July 2017            109,860,074.00

Credit fund received                1,041,480.08
                                 110,901,554.. 08
Deduct;
Transfer to pool Birr account     110,901,554.08
       \




Ending balance - 7 July 2018




                                 8
I     I
'     I




          THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
          MINISTRY OF FINANCE
          PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP IV)
          DESIGNATED ACCOUNT STATEMENT


          For year ended                   7 July 2018
          Account number                   0100101300505
          Depository bank                  National Bank of Ethiopia
          Address                          Addis Ababa, Ethiopia
          Related Grant                    IRISH AID
          Currency                         EURO


          Balance at 7 July 2017                               50.00

          Grant received during the year               10,399,925.00
                                                       10,399,975.00
          Deduct;
          Transfer to pool Birr account              (10,399,974.00)

          Ending balance - 7 July 2018                          1.00




'   '




I   '

~-'




i '
                                              9
      THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
      MINISTRY OF FINANCE
      PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
      DESIGNATED ACCOUNT STATEMENT

      For year ended                   7 July 2018
      Account number                   0100101300525
      Depository bank                  National Bank of Ethiopia
      Address                          Addis Ababa, Ethiopia
      Related Grant                    DFID
      Currency                         GBP


      Balance at 7 July 2017                                                 5.72

      Grant received during the year                               88,856,596.52

                                                                   88,856,602.24
      Deduct;
      Transfer to pool Birr account                            (81,311,582.00)

, I
      Transfer to FFSCD
                                                                   (7,397,321.62)

                                                               (88,708,903.62)

      Ending balance- 7 July 2018                                     147.698.62




                                        10
                I
                    THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOP[A
        i       I
                I   MINISTRY OF FINANCE
                    PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
                    DESIGNATED ACCOUNT STATEMENT

                    For year ended                 7July 2018
                    Account number                 0100101300533
                    Depository bank                National Bank of Ethiopia
                    Address                        Addis Ababa, Ethiopia
                    Related Grant                  TF Grant No OA1426
                    Currency                       USD


                    Balance at 7 July 2017


                    Ending balance - 7 July 2018




    I       I




I
____)                                               11
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
DESIGNATED ACCOUNT STATEMENT

For year ended                   7 July 2018
Account number                   0100101300542
Depository bank                  National Bank of Ethiopia
Address                          Addis Ababa, Ethiopia
Related Grant                    TF Grant No OA3267
Currency                         USO


Grant received during the year
                                                       14,364,970.00
Deduct:
Transfer to pool Birr account                          14,364,970.00

Ending balance - 7 July 2018




                                  12
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPllA
MINISTRY OF FINANCJE
PRODUCTIVJE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
DESIGNATED ACCOUNT STATEMENT

For year ended                 7 July 2018
Account number                 0100101300537
Depository bank                National Bank of Ethiopia
Address                        Addis Ababa, Ethiopia
Related Grant                  Austrian Development Agency
Currency                       EURO


Balance at 7 July 2017                                       2.00

Ending balance-: 7 July 2018




                                13
I ''
I   1


l   1
~   '




        THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
        MINISTRY OF FINANCJE
        PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
        DESIGNATED ACCOUNT STATEMENT

        For year ended                   7 July 2018
        Account number                   0100101300548
        Depository bank                  National Bank of Ethiopia
        Address                          Addis. Ababa, Ethiopia
        Related Grant                    WFP
        Currency                         USD


        Grant received during the year
                                                               18,889,909.90
        Deduct:
        Transfer to pool Birr account                          12,233,820.00

        Ending balance - 7 July 2018
                                                                6.656.089.90




1   '                                      14
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCJE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP-IV)
SCHEDULE OF MOVEMENTS IN POOL BIRR ACCOUNT

For year ended                                  7 July 2018
Account number                                  01001040669
                                                Pool Bank Account
Depository bank                                 National Bank of Ethiopia
Address                                         Addis Ababa, Ethiopia
Currency                                        ETB

Beginning balance - 7 July 2017                                                  114,504,332

ADD:
Transfer from:
  - IDA Credit 5540 ET                                        331,321,514
  - IDA Credit 6041ET                                       2,633 ,5 56,583
  - UNICEF                                                    307,393,269
  - DFID                                                    2,965,478,575
  - Irish aid                                                 341,275,147
  - ERPSNP                                                  3,766,879,486
  - WFP                                                       332,758,073
  - Trust Fund (TF OA 3267)                                   391,245,759
  - Refund from Regional States                                 2,825,989
  - Government contribution                                 1,918,472,116
                                                                              12,991,206,511
DEDUCT:                                                                       13,105,710,843
IDA Disbursements and
    transfers to Regional States:
  Tigry National Regional State                             1,013,198,735
  Amhara National Regional State                            2,447,614,728
  Oromia National Regional State                            3,144,669,538
  Southern Nations, Nationalities and Peoples
    Regional State                                          1,905,285,288
  Harari National Regional State                               47,543,538
  Dire Dawa City Administration                                33,975,824
  Afar National Regional State                                200,828,169
  Somali National Regional State                            2,582,730,998
  Federal Food Security Coordination
    Directorate                                              219,940,901
  Ministry of Labour and Social Affairs                        5,627,200
  MOFEC- Finance                                               8,000,000
  National Disaster Risk Management
    Commission (NDRMC)                                         24,045,147
                                                                              11,633,460,066
  Bank service charge and miscellaneous                                           26,906,288
                                                                              11,660,366,354
  Ending balance - 7 July 2018                                                1.445.344.489

                                           15
I   i




        THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
        MINISTRY OF FINANCE
        PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
        NOTES TO THE FINANCIAL STATEMENTS

        1.   PROGRAMME INFORMATION
             The Programme was established to support Ethiopia's efforts to transition from relief-
             oriented assistance to a development-oriented productive safety net. These financial
             statements reflect the receipts and disbursements of credit and grant given by
                       Danish International Development Assistance
                       Department of Foreign Affairs, Trade and Development- Canada
                       European Commission
                       Government of Ireland (DCI)
                       Government of the United Kingdom (DFID)
                      International Development Association (IDA)
                      Irish Aid
                      Royal Netherlands Embassy
                      SIDA
                      United Nations Children's Fund
                      USAID
                      WFP
             to finance safety net activities, including public works Programme sub-projects and
             support to labor-poor households, and institutional support as well as Household Asset
             Building Programmes.

        2.   SIGNIFICANT ACCOUNTING POLICIES
             The principal accounting policies adopted by the :Programme, which are consistent with
             those applied in the preceding period, are stated below.

             a)   Basis of preparation

                  These financial statements have been prepared in accordance with the Ethiopian
                  Government's Manual of the Federal Accounting System which is based on a
                  modified cash basis of accounting.

             b)   Currency

                  These financial statements are presented in Birr. Transactions in foreign
                  currencies are translated into Birr at the approximate rates of exchange prevailing
                  at the dates of the transactions. Assets and liabilities denominated in foreign
                  currencies are translated into Birr at the exchange rates ruling at the dates of the
                  balance sheet.




                                                    16
 __ I
 I
 ,




          THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
          MINISTRY OF FINANCE
          PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
          NOTES TO THE FINANCIAL STATEMENTS (continued)

          3.      CASH AT BANK
I ;

                  CASH AT BANK AT THE MINISTRY OF FINANCE


                                                           Amount in      Exchange       Eguivalent
                                                            Foreign         rate       .in Ethio12ian
          DESIGNATED ACCOUNTS                              Currency        Buying           Birr

          IDA Credit 5540ET                        USD             1.72     27.2866                47
-·
     ',

          IDA D233-ET ERPSNP                       uso ·          11.31    27.2866                309
          DFIO·                                    GBP      147,698.62      36.1711        5,342,422
          IRISH-DCI                               EURO             1.00     31.9308                32
          MULTI DONOR TRUST FUND
--        Grant OA1426                             USD             2.00    27,28.66                54
          Austrian Development Agency             EURO             2.00     31.9308                64
          WFP                                      USO     6,656,089.90    27.2866 ·     181,622,063
                                                                                         186,964,991
          Balance in pool Birr account
           Number 01001010669                                                          1,445,344,489
          MOFEC-Finance Administration                                                     1,520,189
          Balance at Federal Food Security
           Coordination Directorate                                                     561,507,420
          Balance at Ministry of Labour and
           Social Affairs                                                                  1,935,401
          Balance at National Disaster and Risk
            Management Corporation (NDRMC)                                                19,574,972

                                         Bl C!F                                        2,216,847,462




                                                   17
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCJE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV. (PSNP-IV)
NOTES TO THE FINANCIAL STATEMENTS (continued)

3.   CASH AT BANK (continued)


                                                 Birr          Ethiopian Birr

                                      B/B/F                    2,216,847,462
     CASH AT BANK AT REGIONAL STATES
     Tigray National Regional State             124,903,625
     Amhara National Regional State             235,450,133
     Oromia National Regional State             272,361,603
     Southern Nations, Nationalities and
          Peoples Regional State                107,062,957
                                                        1
     Harari National Regional State               5,478, 037
     Afar National Regional State                14,190,805
     Somali National Regional State             248,799,693
     Dire-Dawa City Administration                2,068,355
                                                               1,010,315,208

     Total                                                     3!227!162!670




                                           18
                            THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
                            MINISTRY OF FINANCE
                , !         PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
                            NOTES TO THE FINANCIAL STATEMENTS (continued)

                            4.   CASHON HAND

                                                                                                  2017
                __      ,
                                                                            Ethiopian Birr   Ethiopian Birr

                                 Tigray National Regional State                    101,920           47,789
                                 Amhara National Regional State                    855,670          686,612
                                 Oromia National Regional State                  2,979,335       14,507,043
                                 Southern Nations, Nationalities and
            I       I
                    '              Peoples Regional State                          538,284          754,591
                                 Afar National Regional State                    1,015,821        2,017,530
                                 Somali National Regional State                  1,523,555       41,453,871
                                 Dire-Dawa City Administration                       8,825              383
                                 Federal Food Security Coordination                                  52,500
                                 Ministry of Labour & Social Affairs                24,402                1
                                 MOFEC-Finance                                       1,181            3,109


       I        :
                                                                                 7.048.993       59.523.422


                            5.   ADVANCES

                                                                                                 2017
                                                                            Ethiopia Birr    Ethiopia Birr

                                 Tigray National Regional State                  2,252,829      16,439,588
                                 Amhara National Regional State                124,651,576      72,320,601
                                 Oromia National Regional State                  5,736,792       9,120,457
                                 Southern Nations, Nationalities and
                                   Peoples Regional State                        6,279,896       2,228,083
                                 Harari National Regional State
                                 Afar National Regional State                      868,699          548,209
                                 Somali National Regional State                  5,861,652        1,153,250
                                 Federal Food Security Coordination
                                   Directorate                                 161,624,438     100,160,893
                                 Ministry of Labor & Social Affairs
                                   (MoLSA)                                           4,839         285,571
                                  MOFED                                             12,008
                                 National Disaster Risk Management
                                   Commission                                    7,524,679       2,358,824

                                                                              314,817,408      204,615,476




                                                                       19
       ,.
   I


i_ '
  _;
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
NOTES TO THE FINANCIAL STATEMENTS (continued)

6.    ACCOUNTS PAYABLE


                                                                            2017
                                                      Ethiopian Birr   Ethiopian Birr

     Tigray National Regional State                       17,600,346           57,046,699
     Amhara National Regional State                      218,961,206          350,297,218
     Oromia National Regional State                       26,836,723          246,010,704
     Southern Nations, Nationalities and
       Peoples Regional States                            13,113,620         93,722,765
     Afar National Regional State                          3,391,291        31,688,548.
     Somali National Regional State                       39,734,971      1,000,316,974
     DireDawa City Administration                          1,556,000          2,399,820
     Federal Food Security Coordination Directorate          910,706          2,037,398
     Harari Peoples National Regional State                5,258,740          9,117,113
     MoLSA                                                   897,365             69,515
     MOFED                                                    51,635
     NDRMC                                                    57,504              21,787

                                                        328.370.107      1.792. 728.541




7.   ACCUMULATED FUND

                                                             Ethiopian Birr

     Balance 2t 7 July 2017                                   3,215,478,319
     Excess of sources over uses for
      · the year                                                  5,180,644

     Balance at 7 July 2018                                   3.220.658.963




                                           20
        THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
        MINISTRY OF FINANCE ,
        PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP- IV)
        NOTES TO THE FINANCIAL STATEMENTS (continued)

        8.   DATE OlF AUTHORIZATION

             The Channel One Programmes Coordinating Directorate Director of the Ministry of
             Finance authorized the issue of these financial statements on 1 February 2019.




                                                21

'   I
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE SAFETY NET PROGRAMME PHASE-IV (PSNP-IV)

9.   RECONCILIATION OF QUARTELY INTERIM FINANCIAL REPORTS (IFRs) WITH THE YEAR END
     STATEMENT OF SOURCES AND USES OF FUNDS AND BALANCE SHEET
                                                                                                                  Cumulative
                                                                                                                  for the year
                                            First          Second             Third             Fourth               ended
                                          Quarter          Quarter           Quarter            Quarter           7 July 2018
                                       Ethiopian Birr   Ethiopian Birr    Ethiopian Birr     Ethiopian Birr      Ethiopian Birr
     ACCUMULATED FUND,
       7 JULY2017                                                                                                 3221524 782319
     SOURCES
     Development partners                 903,318,758    6,931,217,084        307,393,269       710,412,907        8,852,342,018
     Government contribution·                              709,454,410        428,690,214       780,327,492        1,918,472,116
     Balance transfer from PSNP- III
     Refund from Region                                      2,825,989                                                2,825,989
     Gain on foreign exchange              43.688,505      301,828,601         19,421,428          2,856,964        367,795,498
     TOTAL SOURCES                        947,007,263    7,945,326,084        755,504,911      1,493,597,363      11,141,435,621
     USES
     Programme Expenditures               436,482,718    2,880,615,758      2,359,857,849      5,459,298,652      1 L 136,254,977
     EXCESS OF SOURCES
       OVER USES                          510!524,545    5.064. 710!326   (1 !604!352!938}   (3i965! 701 .289}         521802644
     ACCUMULATED FUND,
       7 JULY 2018                                                                                                 3.220.658.963
     Cash on hand                                                                                                      7,048,993
     Cash at bank                                                                                                  3,227,162,670
     Advances                                                                                                        314,817,407
     Payables                                                                                                      (328,370,107}
     ACCUMULATED FUND,
        7 JULY2018                                                                                                 3.220.658.963

                                                            22
                                                                                      ANNEX


THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
MINISTRY OF FINANCE
PRODUCTIVE 'SAFETY NET PROGRAMME PHASE-IV (PSNP-IV)
][FR WITHDRAWAL SCHEDULE
  for application submitted during the year from 8 July 2017 to 7 July 2018


              Co-financiers      Amount              Amount        Eguivalent          Total
Atmlication    Reference        reguested           disbursed     in EthioQian       EthioQian
   No.            No.             USO                 USO             Birr              Birr

              USO
    01        IDA D233ET      156,219,065.31        156,219,065   4,246,127,927
    12        IDA 5540ET           97,147.88            96,709         2,616,017
    02        IDA 6041ET       1,048,329,.92          1,041,480      28,200,677
                                                                                   4,276,944,621

    02        TF OA3267          14,364,970          14,364,970     390,682,652      390,682,652
                       I


              WFP                                    7,958,122     215,647,590
                                                     4,275,703     116,123,402
                                                     6,656,085     181,443,540
                                                    18,889,910                       513,214,532

                                  GBP                 GBP

              DFID                                  29,919,242      903,318,758
                                                    19,333,344      698,784,388
                                                    10,017,277      362,064,450
                                                    14,939,037      544,671,295
                                                    14,647,697      528,969,366
                                                    88,856,597                     3,037,808,257

                                 EURO                EURO

              IRISH              10,399,925         10,399,925      326,298,687     326,298,687

              UNICEF                                                307,393,269     307,393,269

                                                                                   8!852!342!018




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