AUDITOR'S REPORT Audit Completion Date: 04.12.2018 Secretary Ministry of Planning Bangladesh Secretariat Dhaka. I. We have audited the financial statement of 'National Household Database (NHD) Project' financed under IDA as of 30th June, 2019 and for the year then ended. The preparation of the Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the Financial Statement based on our audit. I. We conducted our audit following International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Financial Statement is free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures made in Financial Statement. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion. III. In our opinion, the Financial Statement gives a fair view, in all material aspects except the observations in section Two of this report the financial position of 'National Household Database (NHD) Project' financed under IDA as of 301h June, 2019 and the results of its operations and cash flows for the year then ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. IV. Opinion Status: Qualified. (Tafazzal Hossain) Deputy Director For Director General Foreign Aided Projects Audit Directorate 6 National Household Database(NID) Project (Ex-BPD) Component-3 of the Safety Net Systems for the Poorest Project) IDA Credit No, 5281-BD & 6137-BD PrOLqct_Finiancial Statement as ont 30th June 2019 (Figur In Lac Taka) Inception to For the Year Inception to June 30,2018 (2018-19 June 30,2019 1 Government of Bangladesh 01 1,983.48 812,56 2,796.04 2 Loan from Development Partner 02 47,691.67 19,519.23 67,210.90 3 Opening Cash - 4 Opening Account Balance (Bank Book) 04 - 7,572.74 Total Resources 49,675.15 27,904.53 70,006.94 Inception to For the Year Inception to June 30,2018 (2018-19) June 30,2019 1 Salary Officer 65.18 15.79 80.97 2 Salary Staff 946.23 470.56 1,416.79 3 Allowances (Officer & Staff) 909.68 468,29 1,377.97 4 Supply & Services 39,172.23 16,818.93 55,991.16 5 Repair & Maintenance 236,96 41,70 278.66 6 Acquisation of Assets 772,13 0.28 772.41 7 CD-VAT - - Total Expenditure 42,102.41 17,815,55 59,917.96 Cash Balance: As on As on As on June June 30,2018 June 30,2019 30,20179 1 Imprest Account - Operating Account (RPA): 2 04 2,487.48 255.19 255.19 Sonall Bank Local Office Operating Account (RPA) Sonall 3 04 12.35 17.78 '17378 Bank,Ramna Corporate Branch Operating Account (RPA) 04 5,072.91 9,816.0 Sonali Bank PSC Branch 5 Operating Account (GOB):Janata Bank 6 Operating Account (GOB): Sonall Bank Ramna Corporate Branch - Total Cash 7,572.74 10,088.98 10,088.98 Total Expenditure & Cash 49,675.15 .53 70,006.94 f 11"I" National Household Database(NHD) Project (Ex-BPD) (Component-3 of the Safety Net Systems for the Poorest Project) IDA Credit No. 5281-BD & 6137-BD Notes to the Financial Statement 1. GOVERNMENT OF BANGLADESH Fund is allocated by the Government of Bangladesh to cover GOB's share of eligible project expenditures as specified in the Project Pro-forma and in the Annual Development Programme. Any allocated funds that have not been expended by the end of a fiscal year must be returned to GOB. GOB contribution to the project since inception is as follows (In Lakh Taka): Inception to 30th For the year Inception to 30th June'2018 (2018-19) June'2019 Disbursement by GOB 2,839.50 890.00 3,729.50 Less: Refund to GOB 856.02 77.44 933.46 Net Contribution 1,983.48 812.56 2,796.04 2. LOAN FROM DEVELOPMENT PARTNER The World Bank has provided funds to the project to cover its share of eligible project expenditures. These funds, which must be repaid to IDA after the conclusion of the project, have been drawn by the project in accordance with the following withdrawal procedures (In Lakh Taka): IDA Credit No- 5281-BD: Inception to 30th For the year Inception to 30th June'2018 (2018-19) June,2019 Initial Deposit (Advance) 8,500,00 - 8,500.00 DPA (Direct Payment) 2,759.70 - 2,759,70 RPA (SOE Procedure) 19,278.86 19,278.86 RPA (Non SOE Procedure) - Others Total 30,538.56 - 30,538.56 IDA Credit No- 6137-BD: Inception to 30th For the year (2018- Inception to 30th June'2018 19) June,2019 Initial Deposit (Advance) 10,000.00 - 10,000.00 DPA (Direct Payment) 70.80 304.21 375.01 RPA (SOE Procedure) 7,082.31 19,215.02 26,297.33 RPA (Non SOE Procedure) - Others Total 17,153.11 19,519.23 36,672.34 Total (IDA:5281-BD & 6137-BD) 47,691.67 19,519.23 67,210.90 Wd.Mahbubul Islam ,cSOURCES ( Not Applicable): .ewurces consist of the following: Inception to 30th For the year (2018- Inception to 30th JUne'2018 19) June,2019 Project Revenues Exchange gains/losses Total 4. CASH The project maintains CONTASA bank account, which is kept at Sonali Bank to hold funds advanced by IDA and an operating account, which is kept at Janata Bank to hold funds advanced by GOB contribution. Yearend cash balances were as follows (in Lakh Taka) As on June As on June As on June 30,2019 30,2018 30,2019 Cash In Hand Operating Account (RPA) Sonali Bank Local Office 2,487.48 255.19 255.19 Operating Account (RPA) -Sonall Bank Ramna Branch 12.35 17.78 17.78 Operating Account (RPA) Sonali Bank Public Service Commision Branch 5,072.91 9,816.019,816.01 Operating Account (GOB)-Janata Bank Operating Account (GOB) Sonall Bank Ramna Branch Total 7,572.74 10,088.98 10,088.98 .NAIj0'q1! ]Ax5 I J'ejCIJie~lA4UI~ri ~:irv