Auditor's ReportAudit Completion Date: 07-09-2014

The Steretar-,I uval (wxernmcnt Division.

11ini :v of I,GRD & Co-Uperatives.Ran. ade.kh e,uelariat. Dhaka.

1. We hz e audited the accompanying financial statement of the "Piloting Cash

Transfer fir Human Development Thorough Local Governments Project" financed by

IDA. nder RSR (irar.t no TI-'98858 as at 30 th June 2014 and for the year then ended. The

n of 1inancia statement is the responsibility of management. Our responsibility is

i".an oinion ion the financial statement based on our audit.

I . X: .onducted our tudit in accordance with International Standards on Auditing.

I hosC standLrd, require that we plan and pcrform the audit to obtain reasonable assurance

wthr the linancial statement is free from material misstatement. An audit includes

examining, on a test basis. evidence supporting the amounts and disclosures in the financial

Inement. 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 beliee that our audit provides a reasonable basis for our opinion.

!II. In our opinion, the financial statement gives a fair ici, in all material aspects, of the

inandul posti on of ihe "Piloting Cavh Tran.fer for Human Development Thorough Local

Governments Project " as at 30J June 2014 and the results of its operations and cash flows

thr the %e,ar then ended in accordance with the cash basis of accounting followed by the

Goveniment of BanL.Iadesh.

IV. Opinion Status: Unqualified.

(Md. Mamun-UI-Mannan) 1Deputy Director

For Director GeneralForeign Aided Project Audit Directorate

Tel: 9331027

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Pilting Ca,h Transfers for Hurnan De'elopmemL throigh

Local Ge,-rnments

Project inaincial Statement

Aso'0 J-ne. 201-1

Tf akai L-,Res Nis curruL-Ti vwuCiiv r-ent Period Cuiuilati- e Currm.i

Prior Peri,-d Per:iJ

Gwvemi-ent l -

urr' ir,2 i 2 1622H - 6 ~f

De pm: ti rtnr:____r_h ienirn B -lin - 868.17

Re- e12.00 8M.17 6

limor ( asn 7.8_ 64u.2i'5,'~8(S

ods. S r - - U.01 33.60 736Operain Exp -te

~h estone Balanc 8 o.17 194.36iO~ 1

Q Had I nx< 4 ___

Hi -ht 1in7

T1l Expenditure antJ 22.00 8(8.1 1_

: ' n peIt -alance cf BDT 19)4.36 kh s derosited into B,ngladesi Bank dL,cq,.

u il7s~ 5. dc 17 s4 became a prj-et was c.osed 3 caKmber

0C-

Piloting Cash Transfers for Human Development throughLocal Governments

NOTES TO THE FINANCIAL STATEMENT

3 0 1h June, 20141 GOl I.RNMFNT OF BANGLADESH.

Funds are allocated by the Government of Bangladesh to cover GOB's share of of eligible project expenditure, asspecified in the Development Project Proforma and in the Annual Development Programmc for each of the project. AnyalcateI funds Lhat ha%e not been expended by the end of a fiscal year lapse and must be returned to GOB. GOBconr, -tiorn to the: project sirce inception are as follows (In Lakh Taka)

30lie01 0 Jri,04 3Oue21Inception to For the year Inception to

30 June, 2013 30'h Jun e, 2014 30 June, 2014DiTouiM-ments bh' GOB

Retunds ,(.GOB

Total:

2 LOAN FRONi DEVELOPMENT PARTNERThe 'A rfd Bank ,as pro, ided funds to the project to cover its share of eligible project expenditure. These funds, whichmot e repaid L the Worli bank after conclusion of the project, have been drawn by the project in accordance with theahdraw -A! proc-dures (In [ .: h Taka)

Inception to For the year Inception to30th June, 2013 301h June, 2014 30' June, 2014

RP % Q ce 1,622.00 - 1,622.00

- (194.36) (194.36)

Total 1,622.00 (194.36) 1,427.643 OTI ER RESOURCES.

h~ ac.: co ts Cthe following

Inception to For the year Inception to30' June, 2013 30' June, 2014 30' June, 2014

Piue.t k-enucs

Gain . es

TotiL.

4 CASH :The pr i 7ma:ntiin ore s; ecal account: CONTASA. The CONTASA has been maintaining at commercial bank todeal with finds for 1roject aclivities. Year end cash balance were as follows (In Lakh'1 aka).

Inception to For the year Inception to30' June, 2013 30' June, 2014 30' Fune, 2014

N -. ~868.1'.Kas .1 1.,nd

Total 868.1"

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rN C A'

Audit Opinion on SOE

We have audited the Statement of Expenditure of the "Piloting Cash Transfer for Human

Development Thorough Local Governments Project" financed by IDA for the year ended3th Jonc, 2014 subintted to the World Bank for replenizhment of fund in accordance with

the IDA Grant no TF-098858

Our audit w as carried out in accordance with International Auditing Guidelines. Accordingly

Our audit included such review of system of internal control, tests of accounting records and

Supporting documentation, verification of account balance and other auditing

Procedures . They are coan idered neccssary under the circumstances.

Auditors Report on Special Account (COTASA)

Hke h,e audited the Statement of Expenditure and Special Account (COTASA) of the " PilotingCash Transfer for Human Development Thorough Local Governments Project" financed bx IDAfor the Near Lnded 30th June, 2014 sibmitted to the 'World Bank for replenishment -f fund inaccordance with the IDA Grant no TF-099858.

Pie accompanN ing Special Aceotnt Statement was prepared on the basis of cash Jcp<i t 4ndwithdrawal for the purpose of complying with abovc grant Agreement

OPINION

In our opinion, the receipts are properly accounted for and withdrawals are made Special

Account Statement (COTASA) gives a fair 'view of the beginning and ending balance and theaccount activity for the year 2013-2014 on the hasis of cash deposits and withdrawals.

Md. 11amun-UI annai)Deputy Director

For Director GeneralForeign Aided Project Audit Directorate

Tel: 0331027.

S PECIAL ACCOUNT STATEMENT

30tu Joe,Z2 4

STD- 02000J1065827 (CON7ASA)

De sito~ Br k Agrani Bank Limited

AN dress PrinJpal Branch, Dhaka.

Felad Fi:: nv A-rement No. TF 98858

PART- A XCC OUNT ACTIVITY

BDTin Lac

r 0-01-2013 368-17

Taal -. n d p,ej 1-Y %he IDA

1a- interest enriäng,,- if depo)sited in accounit

--a amIount r fundd o C wCVr inzligible expenditu'e

94.36

Ssen xic charges :nt iniludd abu% _i aount ithdrawn

fding baince a3 on 06-30-2014.

FS 2013-14 Page 1

Piloting Cash Transfers for Human Development throughLocal Governments

Cost Centrewise Expenditure Statement

For the financi21 year 2013-14

It-i of 2x-enditures Remarks

sn LnaationCCthers Total

1 gee D-rect:s Cifice GD 64C.21 j.93 649.44

2 N 3 3

3 aa20 12.0

4 -jat' d- 8. 8.69

Tca 64.21 330 673.,1

FS 2013-14 Page

PART--3 Ac(JUNTI RECONCILLATION

BDTin Lac

1,,622.0M

1:ss : Ex :aidite doumerlion amcepted ly DA 1,S27.64

mm: i pEcA1 X36

F, ý1 at - P7Z ýeI t :t -nou at ad, anced to the SNzial Account at fiscal

ui C' i A eont at ti:sal year endd 06.30.14

n .t - a.nd nJ t yet eReted vfisca! year end 06.30,14

s,t e if .r cluded ir, spe1ia1 account

- I a a o Specipl Acc'it accrunted for at fiscýa year ended

3231P0.1g4

FS 2013-14 Pg

4