AUDIT DEPARTMENT REPORT OF THE DIRECTOR OF AUDIT GRENADA on the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit within the Ministry of Finance for the Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. THE DIRECTOR OF AUDIT AUDIT DEPARTMENT Report of the Director of Audit, on the Audit of the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance for the Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. Francis Hosten Director of Audit (Ag.) CARIBBEAN REGIONAL COMMUNICATIONS INFRASTRUCTURE PROGRAM TABLE OF CONTENTS Pages 1. List of Abbreviations ii 2. Letter of Transmittal 1 3. Acknowledgement 2 4. Summary of Main Audit Procedures 3 5. Auditor's Reports 5 Financial Statements and Compliance with Credit Agreement, Laws and Regulations 5 Statement of Designated Account and Project Account 8 Internal Control 10 6. Financial Statements and Supplementary Information: 12 Sources and Uses of Funds 12 Statement of Cumulative Investments by Category 13 Designated Account Reconciliation Statement 14 Notes to the Financial Statements 15 Page List of Abbreviations CARCIP - Caribbean Regional Communications Infrastructure Program DA - Designated Account IC - Individual Consultant ICT - Information, Communication and Technology IDA - International Development Association IFRS - Interim Financial Reports INTOSAI - International Organization of Supreme Audit Institutions ISSAls - International Standards of Supreme Audit Institutions IT - Information Technology ITES - Information Technology Enabled Services LCS - Least-Cost Selection M&E - Monitoring and Evaluation NTRC - National Telecommunication Regulatory Commission Grenada PCU - Project Co-ordination Unit QCBS - Quality-and Cost-Based Selection SSS - Single Source Selection Page ii 28 June 2019 Ms. Patricia Clarke Permanent Secretary, Planning, Economic Development and Physical Development Ministry of Finance, Carenage ST. GEORGE'S Dear Ms. Clarke I have audited the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance and Energy for the Caribbean Regional Communications Infrastructure Project (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. In accordance with the Terms of Reference for Financial Auditors and the International Organization of Supreme Audit Institutions' (INTOSAI) auditing standards, I hereby submit my report to those charged with governance for consideration and necessary action. Yours respectfully, Francis Hosten DIRECTOR OF AUDIT (AG.) I Page Acknowledgement I would like to thank the staff of the Ministry of Finance for their courtesies and co- operation during the audit and to the Government Printer for his assistance in publishing this report. Thanks also to the staff of the Audit Department for their continued commitment and dedication in fulfilling the mandate of the Department. 2| Page Summary of Main Audit Procedures Audit of the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance under the Credit No. 51190-GD, Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. Audit Objectives The overall objectives of this engagement is to allow the Auditor to express a professional opinion on the financial position at the end of the period and for the sources and uses of funds for the accounting period audited of the project; to report on the adequacy of the internal controls, and to express an opinion on the compliance with the covenants of the credit agreement and applicable laws and regulations. The engagement will include a special purpose audit of the Project, including the resources provided by the Bank. The specific objectives of the audit are to: * Issue an opinion as to whether the Project Financial Statements present fairly, in all material respects, the financial position of the project, the funds received and the disbursements made during the period audited, as well as the cumulative investments at the end of the period, in accordance with the requirements of the respective agreements with the Bank and other co-financing organizations. * Issue an opinion with respect to the implementing entity's compliance with the terms of the credit agreement and applicable laws and regulations (with regard to the financial aspects). * Issue an opinion as to whether the expenditures reported are eligible for financing; and funds have been used only for project purposes. * Issue an opinion as to whether the Statement of the Designated Account and Project Accounts used for managing the funds provided by the Bank, presents fairly the availability of funds at the end of the period audited, as well as the transactions made during the same period, in accordance with financial reporting provisions outlined in the project's legal agreements. * Issue a report with respect to the adequacy of the internal control structure of the implementing institution in regard to the project. 3 Page Audit Scope and Main Audit Procedures The audit covered the activities performed during the period 1 January 2018 to 31 December 2018 and was conducted in accordance with International Standards of Supreme Audit Institutions (ISSAIs) issued by the International Organization of Supreme Audit Institutions (INTOSAI). The audit included the following procedures: * Performing substantive tests on transactions for the period. * Review of the Project Co-ordination Unit's internal control structure. * Examined bank reconciliations for the period audited. * Physical verification of assets purchased for the project's use. * Performed checks to determine compliance with the credit agreement, World Bank guidelines for Procurement of goods and services and applicable laws and regulations. * Review of the country's accounting system (SmartStream) to ensure revenue and expenses were recorded. * Review of relevant documentations. 4 Page DIRECTOR OF AUDIT REPORT Permanent Secretary Ministry of Finance, Planning, Economic Development and Physical Development Carenage ST. GEORGE'S REPORT ON THE FINANCIAL STATEMENTS Audit of the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance under the Credit No. 51190-GD, Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. Opinion I have audited the accompanying financial statement of the Caribbean Regional Communications Infrastructure Program (CARCIP) financed under Credit No. 51190-GD, which comprise the Statement of Sources and Uses of Funds as at 31 December 2018 and Notes to the financial statements and other explanatory schedules and statements for the year then ended. In my opinion, the Project financial statements for the year ended 31 December 2018 presents fairly in all material respects, the financial position of the Project, the funds received and the disbursements made during the period audited, as well as the cumulative investments at the end of the period, in accordance with in accordance with the cash basis of accounting which is described in note 3 (1) and Section 4.09 of the International Development Association (IDA) General Conditions for Credit and Grants, as prescribed under Section 11 (B) of the Schedule of Finance Agreement No. 51190-GD dated 27 June 2012. Basis of Opinion I conducted my audit in accordance with International Standards of Supreme Audit Institutions (ISSAls) issued by the International Organization of Supreme Audit Institutions (INTOSAI), World Bank Guidelines and the Government of Grenada policies, procedures and regulations. My responsibilities under these standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my report. I am independent of the Project in accordance with the ethical requirements that are relevant to my audit of the financial statements in Grenada, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. 5 Page Emphasis of Matter - Basis of Accounting I draw attention to Note 3 to the financial statements, which describes the basis of accounting. The financial statements are prepared to assist the Project Coordination Unit in complying with the financial reporting provisions of the agreement referred to above. As a result, the financial statements may not be suitable for another purpose. My opinion is not modified in respect to this matter. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for preparation and fair presentation of these financial statements in accordance with the financial reporting provisions of Section 11 (B) of Schedule 11 of the Financing Agreement and for such internal control that management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities for the Audit of the Financial Statement My objectives are to obtain reasonable assurance about whether the financial statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAls issued by INTOSAI and the Government's policies, procedures and applicable legislations will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial statement. As part of an audit in accordance with ISSAls, I exercise professional judgment and maintain professional skepticism throughout the audit. I also: * Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. * Obtain an understanding of internal control relevant to the audit 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 Project Co-ordination Unit internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates, if any, and related disclosures made by management. 6 Page * Evaluate the overall presentation, structure and content of the financial statement, including the disclosures, and whether the financial statement represents the underlying transactions and events in a manner that achieves fair presentation. REPORT ON COMPLIANCE Opinion In my opinion, in all material respect, the activities, financial transactions and information reflected in the financial statements are in compliance with the authorities which govern them. Management's Responsibility for Compliance In addition to the responsibility for the preparation and fair presentation of the financial statements described above, management is also responsible for ensuring that the activities, financial transactions and information reflected in the financial statements are in compliance with covenants of the credit agreement and applicable laws and regulations of Grenada. Auditor's Responsibility In addition to the responsibility to express an opinion on the financial statements described above, my responsibility includes expressing an opinion on whether the activities, financial transactions and information reflected in the financial statements are, in all material respects, in compliance with covenants of the credit agreement and applicable laws and regulations of Grenada. This responsibility includes performing procedures to obtain audit evidence about whether the Sources and Uses of Funds have been applied to the purposes intended. Such procedures include the assessment of the risks of material non-compliance. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Francis Hosten DIRECTOR OF AUDIT (AG.) Audit Department GRENADA 28 June 2019 7 P age DIRECTOR OF AUDIT REPORT Permanent Secretary Ministry of Finance, Planning, Economic Development and Physical Development Carenage ST. GEORGE'S STATEMENT OF DESIGNATED ACCOUNT AND PROJECT ACCOUNT Audit of the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance under the Credit No. 51190-GD, Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. Introduction I have audited the Statement of the Designated Account and Project Account of the Caribbean Regional Communications Infrastructure Program (CARCIP) for the year then ended 31 December 2018. My responsibility is to express an opinion on the statement based on my audit. Opinion In my opinion the Statement of the Designated Account and the Project Account used for managing the funds provided by the bank present fairly the availability of funds for the year then ended 31 December 2018, as well as the transactions made during the same period in accordance with the provisions for the use of the funds established by the relevant credit agreement. 8 Page Scope I conducted the audit in accordance with the International Standards of Supreme Audit Institutions (ISSAls) and World Bank guidelines. Those standards and World Bank guidelines require that I plan and perform the audit to obtain reasonable assurance that the Designated Account and Project Account are free of material misstatement. I believe that the audit provides a reasonable basis for my opinion. Francis Hosten DIRECTOR OF AUDIT (AG.) Audit Department GRENADA 28 June 2019 91 Page DIRECTOR OF AUDIT REPORT Permanent Secretary Ministry of Finance, Planning, Economic Development and Physical Development Carenage ST. GEORGE'S REPORT ON INTERNAL CONTROL Audit of the Resources Managed for the period from 1 January 2018 to 31 December 2018 by the Project Co-ordination Unit in the Ministry of Finance under the Credit No. 51190-GD, Caribbean Regional Communications Infrastructure Program (CARCIP) and the Income and Expenditure for the accounting period ending 31 December 2018. I have audited the financial statements of the Caribbean Regional Communication Infrastructure Program for the twelve month period ending 31 December 2018. My audit was guided by the auditing standards issued by the International Organization of Supreme Audit Institutions (INTOSAI). Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Financial Statements are free from material misstatement. In planning and performing my audit, I considered the Project Co-ordination Unit's (PCU) internal control over financial reporting, by obtaining an understanding of the policies and procedures that govern internal controls, determining whether these controls had been placed in operation and assessing control risk and performing tests of the PCU's controls in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide an opinion on the internal controls. Accordingly, I do not express an opinion on the effectiveness of the PCU's internal controls over financial reporting. The management of the Project Co-ordination Unit (PCU) is responsible for maintaining effective internal control over financial reporting. I limited my control testing to those controls necessary to achieve the following control objectives that provide reasonable, but not absolute assurance, that: (1) transactions are properly recorded, processed, and summarized to permit the preparation of the financial statements in accordance with the Government's accounting policies and the World Bank Guidelines and (2) transactions are executed in compliance with laws and regulations that could have a direct and material effect on the financial statements. 10|Page A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the PCU's ability to initiate, authorize, record, process, or report financial data reliably, such that there is more than a remote likelihood that a misstatement of the PCU"s financial statements that is more than inconsequential will not be prevented or detected by PCU's internal control. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the PCU's internal control. My consideration of internal control was for the limited purpose described in the second paragraph of this report and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses. I did not discover any material weakness in the internal control structure of the Project Coordination Unit in regard to the project. Francis Hosten DIRECTOR OF AUDIT (AG.) Audit Department GRENADA 28 June 2019 111 P a g The Caribbean Regional Communications Infrastructure Program Sources and Uses of Funds Year Ended Dec -31- 2018 RECEIPTS Current Period US$ CUMMULATIVE US$ Actual Actual World Bank Designated Account 2,156,141 4,518,528 Direct Payment Total Receipts (A) 2,156,141 4,518,528 EXPENDITURES Component 1 517,555 896,795 Component 2 763,073 2,150,907 Component 3 110,661 662,116 Total Expenditures (a) 1,391,289 3,709,817 BANK BALANCES Opening Cash Balances Designated Account 52,236 Project Account 12,900 Total Opening Balance 65,136 Net Available Cash 829,988 808,711 Closing Cash Balances Designated Account 514,691 514,691 Project Account 318,484 318,484 Total Closing Balance 833,175 833,175 Reconciliation of differences Current Period Cumulative Net Cash Available 829988 808,711 Interest earned 3,004 23,104 Tender Fees - 1,360 Error Correction 183 Total Closing Balance 833,175 833,175 Prepared by: . ... . ....... Approved by: .............. Natika Bain-Charles Isha Abraham Senior Accountant Accountant General (Ag) Accountant General Department Accountant General Department 12 Page The Caribbean Regional Communications Infrastructure Program Statement of Cumulative Investments by Category Year Ended Dec-31-2018 Categories Current Year Prior periods Cumulative Uss Uss Category 1 684.025 2,329,318 Category 2 707,262 1,380.498 Category 3 Total 1,391,287 3,709,816 13 Page The Caribbean Regional Communications Infrastructure Program Designated Account Reconciliation Statement CREiDtl NMBER: 5119-G) UJS$ I TOTALADVANCED BY WORLD BANX (OR COFINANCIBR) 4,518,5Z8 LESS: ELIGLBLE EXPENDITURE FOR THE CURRENT YEAR ENDED DEC,31-2(18 DOCUMENTED BY WORLD BANK 316,511 LESS: CUMULATIVE ElIGIBLE EXPENDITURE FOR THE PRIOR PERIODS ENDED DEC-31-2017 DOCUMENTED BY WORLD BANK 1,773,853 PRESENT OUTSTANDING AMOUNT ADVANCED TO THE DESIGNATED ACCOUNT ( -2) 2,428,164 BALANCE OF USD DESIGNATED ACCOUNT PER BANK RECONCILIATION STATEMENT AS AT PERIDO ENO DEC-31-2018 514,691 -i BALANCE OF PROlECT ACCOUNT PER BANK RECONCILIATION STATEMENTAS AT PERIOD END DEC-31-20IB 318,484 5 PLUS: ELIGIBLE EXPENDITURE FOR THE CURRENT YEAR DOCUMENTED AFTER T4E PERIOD END DEC,31-17 (WA 16,17,18) 544,676 6 PLUS: TOTAL AMOUNT WITIIDRAVN AND NOT YEr CLAIMED 924,793 7 PLUS: AMOUNTS CLAM ED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STATEMENTS SUBTOTALOF PREVIOUS APPLICATIONS NOT YET CREDITED 149,984 8 LESS: INTEREST EARNED & TENDER FEES 24,464 9 TOTAL ADVANCE ACCOUNTED FOR (NO.4 TH1ROUGH No 9] 2,428,165 10 DIFPERENCE[3. 9) (0) II EXPLANATION OF ANY DIFFERENCE SHOWN IN UNE 10 £lfUE1DRWNxtN ACONTIN ERi 14 Page Government of Grenada Caribbean Regional Communications Infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) NOTE 2: PROJECT FINANCING In August 2011, the Government of Grenada signed an agreement to receive an advance from the World Bank in the amount of US $ 1,000,000.00 to facilitate the preparation of the proposed project. The utilized amounts from this advance were transferred to the effective program and incorporated into the cost. The total cost of the Project is estimated at US$10,000,000.00 of IDA funds from the World Bank. The project funds must be utilized in accordance with the terms of the respective Credit Agreement NOTE 3: MAIN ACCOUNTING POLICIES 1. All transactions are recorded, and the financial statements prepared, using the cash basis of accounting. 2. The financial accounts are maintained and the financial statements are prepared in United States Dollars. 3. Non- Current Assets procured with project resources are recorded at their acquisition cost at the date of purchase. No depreciation is recorded for project assets. 4. The Financial Statements have been prepared on the basis of historical cost convention, No account is taken of inflation. 15 Page Government of Grenada Caribbean Regional Communications Infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) NOTE 4 - NON CURRENT ASSETS At December 31, 2018, Non-Current Assets amounted to US $ 206,410.41 as follows Cumulative Category Amount US $ o Office Furniture 34,743.43 o Equipment 65,532,95 o Computer Equipment 106,134-03 Total 206,410.41 The Caribbean Regional Communications Infrastructure Program is being implemented by the Ministry of Communications, Works, Physical development, Public utilities & ICT. Non-Current assets, procured with project funds, are in use by the CARCIP Project Management office but belong to this Ministry and are restricted to project purposes until project completion. The PCU maintains records to control these assets. NOTE 5 PROJECT ACCOUNT The Project account includes funds transferred from the Designated Account. The account functions in this manner to easily facilitate payments and to minimize exorbitant bank charges. The accounts are all reconciled monthly and accurate records are kept to properly account for the funds expended. The balance at December 31, 2018, amounted to US $833,175,00. NOTE 6 - Proiect Closure The project was scheduled to be closed on 11 February 2017. However, the Government of Grenada made a request for extension and the request was approved by the World Bank. The new project closing date is February 15t, 2020. 16 Page Government of Grenada Caribbean Regional Communications infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) SIGNIFICANT BIDS PROCESSED AND AWARDED FOR THE YEAR UNDER REVIEW Consultant Services: 1. ACE : App Developer o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US $ 23,249.76 o Supplier. Pixel Perfect Apps 0 Nationality Grenadian o Amount Paid for the period: US $ 23,249.76 0 Financing: 100% IDA 2. MIDAS Inc.: Advertising Consultant for Midas o Procurement Method: Shopping 0 Date of Contract No-Objection: N/A o Contract Amount: US $9,300.00 0 Supplier: Teddy Frederick o Nationality: Grenadian o Amount Paid for the period: US $9,300,00 o Financing: 100% IDA 3. Caribbean Services Inc: Marketing Consultant o Procurement Method: Shopping o Date of Contract No-Objection: N/A 0 Contract Amount: US$4,457.62 o Supplier: Melinda Phillip 0 Nationality: Grenadian o Amount paid for the period: US$4,457.62 0 Financing: 100% IDA 4. Abstract D6cor: Software Development o Procurement Method: Shopping 0 Date of Contract No-Objection: N/A o Contract Amount: US$23,264.98 0 Supplier: Sonover Inc o Nationality: Grenadian o Amount paid for the period: US$11,632.49 0 Financing: 100%IDA 17 Page Government of Grenada Caribbean Regional Communications Infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) 5. A.C.E: Marketing Consultant o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$16,534.30 o Supplier: Pipeline Promotions o Nationality: Grenadian o Amount paid for the period: US$16,534.30 o Financing: 100%IDA 6. Voutlet: Marketing o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$3,307.13 o Supplier: Shondell Edmund o Nationality: Grenadian o Amount paid for the period: US$3,031.02 o Financing: 100%IDA 7. E- Learning Kings: Implementation of Technical Marketing Activities o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$4,806.93 0 Supplier: Careem Gilbert o Nationality: Grenadian a Amount paid for the period: US$4,806.93 o Financing: 100%IDA 8. Pixel Perfect App: Marketing Consultant o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$10,043.90 o Supplier: Arlene I. Friday 0 Nationality: Grenadian o Amount paid for the period: US$10,043.90 o Financing: 100%IDA 18 Page Government of Grenada Caribbean Regional Communications Infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) Goods 1. Sonover: IT Equipment 0 Procurement Method: Shopping a Date of Contract No-Objection: N/A o Contract Amount: US $22,692.13 0 Supplier: Hankey's Computer Services o Nationality: Grenadian o Amount Paid for the period: US $22,692.13 o Financing: 100% IDA 2. Auto Advantage: IT Equipment o Procurement Method: Shopping a Date of Contract No-Objection: N/A o Contract Amount: US $42,295.56 0 Supplier: Hankey's Computer Services o Nationality: Grenadian o Amount Paid for the period: US $42,295.56 o Financing: 100% IDA 3. Quali-Tech Medical Services: Lab Equipment 0 Procurement Method: Shopping o Date of Contract No-Objection: N/A 0 Contract Amount: US $44,050.87 o Supplier: Schuyler House a Nationality: American a Amount Paid for the period: US $44,050.87 0 Financing: 100% IDA 4. Voutlet: It Equipment o Procurement Method Shopping a Date of Contract No-Objection: N/A o Contract Amount: US$15,369.32 o Supplier: BlueChip Corporation a Nationality: Grenadian o Amount paid for the period: US$15,369.32 0 Financing: 100%IDA 19 Page Government of Grenada Caribbean Regional Communications Infrastructure Program Credit 51190 NOTES TO THE FINANCIAL STATEMENTS (For the Year ended 31 Dec 2018) 5. Reading With Bella: Office Furniture o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$1,464.51 o Supplier: Bryden & Minors Ltd o Nationality: Grenadian o Amount paid for the period: US$1,464.51 o Financing: 100%IDA 6. Code & Designs: IT Equipment o Procurement Method: Shopping o Date of Contract No-Objection: N/A 0 Contract Amount: US$47,673-16 o Supplier: Hankey Computer Store 0 Nationality: Grenadian a Amount Paid for the period: US$47,673,16 0 Financing: 100% IDA 7. Assessment Diagnostic & Remedial Institute: IT Equipment o Procurement Method: Shopping o Date of Contract No-Objection: N/A o Contract Amount: US$27,651.89 o Supplier: Schuyler House 0 Nationality: American 0 Amount Paid for the period: US$27,651.89 0 Financing: 100% IDA 20 P age