織驗羚 游露＿; 中華人民兵和；天津市中十、斤中／江 丁’i:,11,11,,Munioipa1A,,ditB：。rca:,oftl〕cPeo蔥。le’、Rept,blic of C聖1 illa 市計報告 Aud祝Report j聼市投曰一報〔20 19〕4弓 TI八N紅NAUDITREPORT〔2()!9〕NO。4 項目名稱；世界銀行贊款天津城丁交通改善項目 l,l.oj。以Nam。：&I訕nj inUt-banT;anspod jmProVCm叩t ProjC&t F inar;ccdb》t}Ic World Bank 貸款兮：8565一cN Loajl滅）.!85吞S一CN 項目扎行車位：天津下住房力城多建設委員介 P：叫。ctEnti切；11。州in憂一lousing on(IUrb:,nRura-C&,nstructi&,&, Con〕nlissioll 食計期！司：20]8 /\ ccooutingl〕。riod:201名 Contents 9 ,r ' ......................................................................................... 1. Auditor's Opinion ..................................................................................... 3 -1 A A RI --------------------------- ..................................... 6 11 Financial Statements and Notes to the Financial Statements ................ 6 'Irk -k -L * A ............................................................................... 6 i. Balance Sheet ..................................................................................... 6 J A YL:k ............................................................................... 7 ii. Summary of Sources and Uses of Funds by Project Component..... 7 ............................................................... 9 iii. Statement of Implementation of Loan Agreement .......................... 9 ......................................................................... 10 iv. Special Account Statem ent ............................................................. 10 T 1 ......................................................................... 12 v. N otes to the Financial Statem ents.. ... ......................................... -.. 15 ................................................................... 18 111. Audit Findings and Recom m endations ...... ........................................ 20 少飞 { 、一、审计师意见 ! ！审计师意见 :! 一：天津市财政局、天津市住房和城乡建设委员会、天津市住房和城乡建 ｝设委员会世行贷款项目管理中心： 矛谁 ｝我们审计了世界银行贷款天津城市交通改善项目2018年12月31 二日的资金平衡表及截至该日同期的项目进度表、贷款协定执行情况表 撰和专用账户报表等特定目的财务报表及财务报表附注（第6页至第17 页）。 } 燕（一）项目执行单位及天津市财政局对财务报表的责任 匙＿蜻 簖制上述财务报表中的资金平衡表、项目进度表是天津市住房和 i城乡建设委员会世行贷款项目管理中心的责任，编制贷款协定执行情 况表和专用账户报表是天津市财政局的责任，这种责任包括： ,1．按照中国的会计准则、会计制度和本项目贷款协定的要求编 二制项目财务报表·并使其实现公允反映； 北2．设计、执行和维护必要的内部控制，以使项目财务报表不存 二在由于舞弊或错误而导致的重大错报· {{ （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意 ，见。我们按照中国国家审计准则和国际审计准则的规定执行了审计工 作，上述准则要求我们遵守审计职业要求，计划和执行审计工作以对 ·项目财务报表是否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信息的有关证据，我们实施了必 燕要的审计程序。我们运用职业判断选择审计程序，这些程序包括对由 于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估 …｛时，为了设计恰当的审计程序，我们考虑了与财务报表相关的内部控 制，但目的并非对内部控制的有效性发表意见。审计工作还包括评价 ,｛所选用会计政策的恰当性和作出会计估计的合理性，以及评价财务报 …’ ) 一｛ ) 表的．慈体列报。 ｛我们相信，我们获取的审计证据是适当的、充分的，为发表审计 意见提供了基础。 （三）审计意见 我们认为，第一段所列财务报表在所有重大方面按照中国的会计 ｛准则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行 贷款天津城市交通改善项目2018年12月31日的财务状况及截至该 日同期的财务收支、项目执行和专用账户收支情况。 }（四）其他事项 我们审查了本期内由天津市财政局报送给世界银行的第05至。 号提款申请书及所附资料。我们认为这些资料均符合贷款协议的要 求，可以作为申请提款的依据。 本审计师意见之后，共同构成审计报告的还有两项内容：财务报 表及财务报表附注和审计发现的问题及片一毕 中华人已岁二和国天津币审计局 20四立6月26日 地址：中国天津市河西区琼州道97号 j邮政簖码：300200 州电话：86一022一23251548 丈传真：86一022一23256692 { 主＿＿堰 !_} { 1. Auditor's Opinion Auditor's Opinion To Tianjin Finance Bureau, Tianjin Housing and Urban Rural Construction Commission, World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission We have audited the special purpose financial statements (from page 6 to page 17) of Tianjin Urban Transport Improvement Project Financed by the World Bank, which comprise the Balance Sheet as of December 31, 2018, the Summary of Sources and Uses of Funds by Project Component, the Statement of Implementation of Loan Agreement and the Special Account Statement for the period then ended, and Notes to the Financial Statements. Project Entity and Tianjin Finance Bureau's Responsibility for the Financial Statements The preparation of the Balance Sheet, the Summary of Sources and Uses of Funds by Project Component is the responsibility of the World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission, while the preparation of the Statement of Implementation of Loan Agreement and the Special Account Statement is the responsibility of Tianjin Finance Bureau, which includes: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii, Designing, implementing and maintaining necessary internal control to ensure that the financial statements are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Government Auditing Standards of the People's Republic of China and 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 fi-ee from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures 3 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 entities' 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. We believe that the audit evidence we have obtained is appropriate and sufficient to provide a basis for our audit opinion. Opinion In our opinion, the financial statements identified in the first paragraph present fairly, in all material respects, financial position of Tianjin Urban Transport Improvement Project Financed by the World Bank as of December 31, 2018, its financial receipts and disbursements, the project implementation and the receipts and disbursements of the special account for the year then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement Other Matter We also examined the withdrawal application from No.05 to No.07 and the attached documents submitted to the World Bank during the period. In our opinion, those documents comply with the project loan agreement and can serve as basis for loan withdrawal. The audit report consists of the Auditor's Opinion and two more parts hereinafter: Financial Statements and Notes to the Financial Statements, Audit Findings and Recommendations. Tianjin Municipal Audit Bureau of the People's Republic of China June 26, 2019 Address: No.97 Qiongzhou Road, Hexi District, Tianjin, China Postcode: 300200 Tel.: 86-022-23251548 Fax: 86-022-23256692 The English translation is for the convenience of report users; Please take the Chinese audit report as the only official version. 5 II. Financial Statements and Notes to the Financial Statements i. Balance Sheet FTr BALANCE SHEET 2018 * 12 A 31 E (As of December 31, 2018) Project Name: Tianjin Urban Transport Improvement Project Financed by the World Bank Prepared by: World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission Currency Unit: RMB Yuan Ti Line Beginning Ai PA4 * iw Line Beginning Ending Application of Fund No. Balance Ending Balance Sources of Fund No. Balance Balance Total Project Total Project Expenditures 1 22,922,966.74 134,677,789.63 Appropriation Funds 17 96,980,000,00 97,980,000,00 Fixed Assets Project Capital and Transferred 2 - - Capital Surplus 18 - - 2. f#ttfiM FlI Z Construction Expenditures to be KJ1I A 1): Disposed 3 - - Including; Grants 19 - - 3. W & Investments 5. Abl@Uit Transferred-out 4 - - Total Proiect Loan 20 80,228,157,79 136,216,480.77 4. tlf LT. Total Project [Investment Construction in Progress 5 22,922.966.74 134,677.78963 Loan 21 80.228.157.79 136,216,480.77 Investment Loan (1) l1%tJ Receivable 6 - - Foreign Loan 22 80,228,157,79 136,216,480,77 Appropriation of (2) I Jf&4t Investment Loan 7 - - Domestic Loan 23 - - Pq, I V 2. A ftilfi"-A, Equipment 8 - Other Loan 24 - - T I ¶ ifj t Appropriation of Total Cash and Bank 9 146.960,176.89 101,975,200,20 Investment Loan 25 - - I RRi?,fk i. fiikfit,k Cash in Bank 10 146,960,176.89 101,975,200 20 Bond Fund 26 - - Ut': 0mWP , Construction Including. Special Expenditures to be Account 11 66295,479,09 70,721,606 66 Offset 27 - Cash on Hand 12 - - Total Payable 28 -8,511,612.60 - Total Prepaid and A. t3A t Receivable 13 - 92.71138 Other Pavables 29 - - Marketable Securities 14 - - Appropriation of Fund 30 - - A, IMS f+ 1, ffl1kA Total Fixed Assets 15 - - Retained Earnings 31 1,186,598.44 2.549.220.44 Total Application of Fund 16 169,883,143,63 236,745,701 21 Total Sources of Fund 32 169,883.143.63 236,745,701.21 6 ii. Summary of Sources and Uses of Funds by Project Component SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I tWY2 2018 # 12)] 31 N (For the period ended December 31, 2018) Project Name: Tianjin Urban Transport Improvement Project Financed by the World Bank Prepared by: World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission Currency Unit: RMB Yuan Current Period Cumulative Jit01 i±AVii Wa.1.Lt1 Current Ait WA it t1Lt Current Period Current Period Period% WI .it l1ti Cumulative Cumulative % Budget Actual Completed Life of PAD Actual Completed Total Sources of Funds 378,489,300.00 56,988,32298 15,06% 1,426,357,100 00 234,196,480.77 16,42% Intemational Financing 162,655,100.00 55,988,32298 34,42% 620,090,00000 136,2 16,480.77 21.97% Counterpart Financing 215.834,200.00 1,000,000.00 0.46% 806,267,100,00 97,980,000,00 12.15% Total Application of Funds 378,489,300.00 111,754,822.89 29.53% 1.426,357,10000 134,677,789 63 9.44% I. Construction Investment 373,010,700,00 107,825,888.13 28.91% 1,402,690,500 00 125,313,513.97 8.93% 2. b5lJtJ1 Interest Accrued on or before the Last Payment Data 5,223,600.00 2,455,451,75 47.01% 19,913,900 00 3,766,508 95 18.91% Front-end Fee - - 1,550.200.00 1,638,800,00 105.72% Commitment Fee 255,000.00 1.473,48301 577 84% 2,202,500.00 3,958,966.71 179,75% Difference - -54,766,49991 - 99.518,691.14 - Change in Receivables - 92,711 38 - - 92,711.38 2. 1h. Change in Payables - 8,511L612 60 - - - - Change in Cash and Bank - -44,984,976.69 - - 101,975,20020 Other - 1,362,622.00 - - 2,549,220 44 - 7 4 `. � Р'7 ... �,' � у О � r i г i г i � : � г . 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Special Account Statement A JrK P 4 A SPECIAL ACCOUNT STATEMENT 71 *Mal 2018 * 12 A 31 (For the period ended December 31, 2018) Project Name: Tianjin Urban Transport Improvement Project 8565-CN Loan No. 8565-CN J Prepared by: Tianjin Finance Butrw ffpiRfftf" : iqOVA TRf '-;k Y, Depository Bank: Tianjin Haihe branch, China Bohai Bank C0.,LTD 2000000395000682 Account No. 2000000395000682 9", 0 # 4 CUrrency: USD A Part A-Account Activity for the Period Amount ffiffi 10,145,921.32 Beginning Balance JAN - Add: 'A M LH- T H k-A sin 6,987,553.65 Total Amount Deposited by WB Total Interest Earned current Period if Deposited in Special Account *MT A 4 z ILH Total Amount Refunded to Cover Ineli.-ible Expenditures Deduct- * M 6,987,553.65 Total Amount Withdrawn M Al- t M a E 44 & 1 rn W R V_ ffl Total Service Char-es if not Included in Above Amount Withdrawn 10,304,465.36 Ending Balance Y I To be continued) 10 Part B-Account Reconciliation Amount 10, 000, 000. 00 Amount Advanced by WB Deduct: Total Amount Recovered by WB M3. )10, 000,000.00 Outstanding Amount Advanced to Special Account 4, 10, 304, 465. 36 Ending Balance of Special Account Add: 5. it- -43 M EP if Kf! H M Amount Claimed but not yet Credited $4%Application No. kj Amount 6. t*tiK 0.00 Amount Withdrawn but not yet Claimed 7. W*V ifjthLJ (Ort** 5 T 6 tt) Cumulative Service Charges (if not Included in Item 5. or 6.) Deduct: 304, 465. 36 Interest Earned (if Included in Special Account) 9. 10, 000, 000.00 Total Advance to Special Account II 霆 雀（五）财务报表附注 财务报表说明 1．项目概况 世界银行贷款天津城市交通改善项目贷款号为8565一CN，旨在通 过该项目实施，改善天津城市基础设施状况，致力于构建高效、便捷、 …安全、绿色、一体化的综合交通体系，进一步方便居民出行、改善生 二态环境，保障区域发展·本项目共包含五个子项目：(．和平区和南 蜷开区的绿色交通改善；(2）地铁接驳工程；(3）公共自行车系统试点； (4）公交场站工程；(5）技术援助项目。 _｛贷款协议于2016年2月26日签订，2016年5月26日生效，项 目建设期五年。项目计划总投资为人民币1,426,357，拍。，00元，其中 勤｝世界银行贷款总额为100,000,000,00美元，折合人民币620,090,000.00 元（协议汇率为6.2009)，国内配套资金为人民币806,267,100.00元。 {&{ 2．财务报表编制范围 燕本财务报表的簖制范围包括天津市住房和城乡建设委员会世行 贷款项目管理中心簖制的资金平衡表、项目进度表，天津市财政局编 淤制的贷款协定执行J清况表和专用账户报表。 燕3．主要会计政策 3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办 龚法》（财际字〔2000〕13号）的要求编制。 燕3.2会计核算年度采用公历年制，即公历每年1月1日至12月：l 日。 …｛ 3.3本项目会计核算以“权责发生制”作为记账原则，采用借贷 ）…复式、己账：去、己账，以人民币为、己账本位币。 …＿}3·“按照中国人民银、、20,8年12月31日。：率，。。usDI一人民 币6 .8632元。 亨｝ :} ;{ 靛嚷12 ! l 、i 4服表科目说明 ·4.1项目支出 截至2018年底项目支出累计人民币134,677,789.63元，占总投资 计划9.44％。其中：建设投资类累计人民币76,807,757.90元；咨询服 务类累计人民币n,670.693 .86元；世行贷款．息费本金化及先征费累计 一：入氏巾9,364,275.66元；二类费及具他累计人氏巾36,835,0 62.21元。 了一履 灌4.2货币资金 2018年12月31日货币资金余额为人民币101, 975,200,20元，其 ｝中专用账户存款折合人民币70,721,606.66元。 ;4.3项目拨款 20 18年12月31日余额为人民币97,980,000.00元，为到位的项 ：目配套资金。 烤4.4项目借款 2018年12月31日余额为人民币136,216,480.77元，全部为国际 鑫复兴开发银行贷款，金额为19,847,371.60美元。 截至2018年12月31日，累计提取世界银行贷款资金 :19,547,371.60粎元，其中：工程类累计提款6,719,421.48美元，培创］｝、 研讨和咨询服务类累计提款l,735,748 .07美元，世行贷款先征费 雍250,000,00粎元，世、、贷款，息费本金化累计提款1,142,202.05美元， 专用账户存款10,000,000.00美元。 舒｛ 孰l 4.5其他应收款 …〕20 18年12月3：日余额为人民币92,711一38元，为项目管理费结 余。 犷嗜 ! 4.6留成收入 燕2018年12月31日余额为人民币2,549,220,44元，为银行存款利 息收入口其中专账户存款利息收入为2,089,606,66人民币元。 誉 松j 5．专用账户报表说明 ｛本项目专用账户设在渤海银行股份有限公司天津海河支行，账号 为2000000395000682，币种为粎元。期初余额10,145,921.32美元， 韭，3 一｛ 决 宜 本期回补6,987,553.65粎元，利息收入巧8,544,04美元，本期支 付6,987,553,65粎元，期末余额10,304,465.36美元。 6．其他需要说明的事项 世界银行贷款天津城市交通改善项目执行机构更名为天津市住 房和城乡建设委员会，项目实施机构更名为天津市住房和城乡建设委 员会世行贷款项目管理中心。 ) } { 蓬 袋 ; 彗蓬 示l 绮〕 熟） ；握 ·！ { { _{14 } v. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview The Loan No. of Tianjin Urban Transport Improvement Project financed by the World Bank is 8565-CN. It aims to improve Tianjin urban infrastructure and establish an efficient, convenient, safe, green and integrated comprehensive transportation system, so as to facilitate residential traveling, improve ecological environment and ensure the regional development. This project includes 5 components: (1) Green transportation improvement of Heping and Nankai District; (2) Metro connections; (3) Public bike system pilot works; (4) Bus terminal construction; and (5) Technical Assistance. Loan Agreement was signed on Feb 26, 2016 and came into effect on May 26, 2016. The account of the project will be closed before March 3 1, 2021 (With a Grace Period of 4 months, the withdrawal close date is July 31,2021). The total investment plan of the project was RMBI,426,357,100.00 yuan, among which the total World Bank loan amount was USD 100,000,000.00, q -uivatent to RMB620,090,000.00 yuan (exchange rate 6.2009) and the counterpart funds was RMB806,267, 100.00 yuan. 2. Consolidation Scope of the Financial Statements Consolidation scope of the financial statements covers the Balance Sheet and the Summary of Sources and Uses of Funds by Project Component by the World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission, and Statement of Implementation of Loan Agreement and Special Account Statement by Tianjin Finance Bureau. 3. Accounting Policies 3.1 This Financial Statements of the project were prepared according to the requirements of Accounting Methods for the World Bank Financed Project (Ca izi [2000] No. 13). 15 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January 1 to December 31. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RMB is used as the recording currency of bookkeeping. 3.4 The exchange rate adopted in the financial statements was the exchange rate on Dec 31, 2018 of the People's Bank of China, which is USD1=RMB6.8632 yuan. 4. Explanation of the Subjects 4.1. Project Expenditures By the end of December 31, 2018, the total project expenditure was RMB134,677,789.63 yuan, accounting for 9.44% of the total investment plan, among which construction investment accumulated RMB76,807,757.90 yuan, consultant service accumulated RMBl1,670,693.86 yuan, WB Loan interest capitalized and Front-end Fee accumulated RMB9,364,275.66 yuan, and secondary cost and others accumulated RMB36,835,062.21 yuan. 4.2 Cash and Bank On December 31, 2018, the balance was RMB101,975,200.20 yuan. And the funds in the Special Account were converted to RMB70,721,606,66 yuan. 4.3 Project Appropriation Funds The balance on December 31, 2018 was RMB97,980,000.00 yuan, which was the available counterpart funds. 4.4 Project Loan The balance on December 31, 2018 was RMBl136,216,480.77 yuan, all of which was IBRD loan USD19,847,371.60.. By the end of December 31, 2018, accumulated USD19,847,371.60 of the WB loan had been withdrawn, among which the withdrawal for construction was USD6,719,421.48; consulting services was USD 1,735,748.07; WB loan Front-end Fee was USD 250,000.00; the withdrawal for WB loan interest capitalized was USD 1,142,202.05; the Deposit of the Special Account was USD10,000,000.00. 4.5 Receivable 16 The balance on December 31, 2018 was RMB92,711.38 yuan, which is project management fee savings. 4.6 Retained Earnings The balance on December 31, 2018 was RMB2,549,220.44 yuan, which was interest earned of bank deposit, including RMB2,809,606,66 yuan of Special Account deposit interest. 5. Special Account Statement The Special Account of this project is set in Tianjin Haihe Branch, Bohai Bank Co., Ltd, with the account number of 2000000395000682, and USD as currency Unit. The beginning balance was USD10,145,921.32. Refunding of this year was USD6,987,553.65. The annual interest revenue was USD158,544.04, and the disbursement was USD6,987,553.65. The ending balance was USD10,304,465.36. 6. Other Items to Explain Name of Project execution entity is changed to Tianjin Housing and Urban Rural Construction Commission, while the name of Project implementation agency is changed to World Bank Loan Project Management Center of Tianjin Housing and Urban Rural Construction Commission. 17