022-2203 3018

2219 0500Telephone } 2219 0549 2TrET i- 101 nT 71n - 400 020.

NDIAN AUDIT AND ACCOUNTS DEPARTMENTagauMaharashtral@cag,gov.in OFFICE OF THE PRINCIPAL ACCOUNTANT GENERALE-mail aj(AUDIT)-I,

MAHARASHTRA.Pratishtha Bhavan, 101, Maharshi Karve Marg,Mumbai - 400 020.

f4rF/Oate : (9-V{7 9 (-fNo.EAP CA Ccll/WBA/SUTP/AC/2016-17kU e o

To,The Cotiissioner,Pimpri Chinchwad Nlunicipal Corporation,Civil Department,Pimpri Chinchwad,Pune,

Sub: Isste of audit certificate in respect of World Bank assisted Sustainable UrbanTransport Project Bank loan No.7818-IN & GEF Grant No. TF- 095549 forthe year 2016-17.

Sir,

Please fild enelosed the Audit Certilicate along with the Annexures A & -' in respect

of the World Bank assisted Sustainable Urban Transport Project Bank loan No.7818-IN & GEF

Grant No.TF 095549 for Z 17,68,90,000/- ( Rupees Seventeen Crore Sixty Eight Lakh and Ninety

Thousand only) for the year 2016-1 7. The folowing documents are also enclosed in addition to

the audit certificate:

1) Statement of sources and application of ftnds (Annexure-) and Statement of reconciliation of

claims to total applications of funds (Annexure-I).

2) Management letter

Kindly acknowledge the receipt of the above.

Yours faithfullv,

Encl: As above Dy. Accountant General/Mlrnn

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7122$ INEtAN. .ACCOUNTS DEPA:TMENT. OFj7C O tF 7 t 4 NCAL ACCOUNTANTGENERAL

pt ~ ~ ~ ~ ~ ~ ~ ~ -'0' A*TI HRA.-i - ~i Prshth:a B n, '101, Maharsi Karve Marg,

Report on the Project Financial Statements

We have audited the accompanying financial statements of the World Bank Assisted

Sustainable Urban Transport Project Bank loan No.7818-IN & GEF Grant No.TF-095549 for the

year 2016-17, which comprise the Statement of Sources and Application of Funds and the

Reconciliation ofclaims to Total Application of Funds for the year ended 31" March. 2017. These

statements are the responsibility of the Project's management. Our responsibility is to express an

opinion on the accompanying financial statements based on our audit.

We conducted our audit in accordance with the Auditing standards promulgated by the

Comptroller and Auditor General of India. Those Standards require that we plan and perform the

audit to obtain reasonable assurance about whether the financial statements are free of material

misstatement. Our audit examines, on a test basis, evidence supporting the amounts, and

disclosures in the financial statements. It also includes assessing the accounting principles used

and significant estimates made by managements, as well as evaluating the overall statement

presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements present fairly, in all material respects, the Sources

and Application of Funds of World Bank Assisted Sustainable Urban Transport Project Bank loan

No.7818-IN & GEF Grant No.TF-095549 for the year ended 3 1" March, 2017, in accordance with

Government of India Accounting Standards.

In addition. in our opinion, (a) with respect to SOE, adequate supporting documentation

has been maintained to support claims to the World Bank for reimbursements of expenditures

incurred; and (b) except for ineligible expenditures as detailed in the audit observations, if any

appended to this audit report, expenditures are eligible for financing under the SUTP Bank loan

No.7818-IN & GEF Grant No.TF-095549. During the course of the audit, SOEs/FMRs for

Z 15,80,000!- (Rupees Fifteen Lakh and Eighty Thousand only) in GEF Grant No.TF-095549 &

? 17,53,10,000/-(Rupees Seventeen Crore Fifty Three Lakh and Ten Thousand only) in SUTP

Loan No.7818-IN i.e. Total ofZ 17,68,90,000/- ( Rupees Seventeen Crore Sixty Eight Lakh and

Ninety Thousand only) and the connected documents were examined and these can be relied

upon to support reimbursement under the SUTP Bank loan No.7818-IN & GEF Grant No.TF-

095549 Agreement (Annexure A).

(Amount Objected Nil is shown in Annexure B)

This report is issued without prejudice to Comptroller & Auditor General's right to

incorporate the audit observations in the Report of Comptroller & Auditor General of India for

being laid before Parliament/State or UT Legislature.

Date: 18/09/2017 (R. Jau athan)Mumlbai Deputy Accountant General /Adnin

Annexure 'A'

Audit jurisdiction-wise Expenditure incurred during the year 2016-17 in respect of WorldBank Assisted Sustainable Urban Transport Project Bank loan No.7818-IN & GEF GrantNo. TF 095549

Sr.No. Name of the Office Amount of expenditure incurred on

the Project

01 Office of the Pr. Accountant GEF TF-095549

General, (Audit) 1, Maharashtra, Z 15,80,000/- (Rupees Fifteen Lakh and

Murnbai. Lighty Thousand only)

SUJTP Loan-7818-IN

?17,53, I 0,000/-(Rupees Seventeen

Crore Fifty Three Lakh and Ten

Thousand only)

Total z 17,68,90,000/- ( Rupees Seventeen

Crore Sixty Eight Lakh and Ninety

Thousand only)

Audit Offi cr/EAP CA Cell

Annexure 'B'

Details of amount held under objection on account of money value piras as a result of

local audit in respect of World Bank Assisted Sustainable Urban Transport Project Bank

Loan.No.7818- IN & GEF Grant No.TF 095549 for the year 2016-17

Sr.No Name of the Office Para Amount objectedNo. (in Rs)

01 Office of the Pr. Accountant General, (Audit) 1.Maharashtra, MumbaiSUTP Loan.No.7818- IN & GEF TF-095549 NIL

otal | -1 NIL

Audit Officer/EAP CA Cell

WORLD BANK ASSISTED SUSTAINABLE URBAN TRANSPORTPROJFCT LOAN NO.7818 - IN & GEF TF-095549

WORK SIIEE'T (2016-17)

(in Rupees)Sr. Name of the Amount as per Amount Anit. as Amount held AmountNo. SE verified by booked in under

Unit LAP AG (A&E) objection certifiedPCMC SUTPLoan No. 7818-

1 IN 175310000 178780000 80000000 .. 175310000PCMC GEFGrant No. TF-

2 095549 1580000 1600000 13387000 . 580000TOTAL 176890000 180380000 93387000 17689000

Audit Officer,EAP CA Cell