Public Disclosure Authorized Anhui Provincial Audit Office of the People's Republic of China Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Audit Report ' $ &C[2016) 49# ANHUI AUDIT REPORT C 2016) NO.49 Project Name: Anhui Huang Yellow Mountain New Countryside Demonstration Project Financed by the World Bank ': Loan No.: 8309-CN 8309-CN Project Entity: Huangshan New Countryside Project Management Office 2015 Accounting Year: 2015
目 录 ColltelltS 一 审计师意见...,.,...,,.,....,. 1 1.AUditor&5 Opinion...,,........,.,.3 二 财务报表及财务报表附注,.,...., 5 11.Financial Statemellts and Notes to the Financial Statements,... 5 ( 一 ) 资金平衡表,.,....,.... 5 1.B alance Sheet....,.,.,.,....,.... 5 ( 二 ) 项目进度表...,....,... 7 11.Summ 盯 y of Sources and Uses offunds by Project Component.. 7 ( 三 ) 贷款协定执行情况表...,.,.,.,...,., 二 n 111.Statement oflmplementatlon ofloanagreement 二,.,.... n ( 四 ) 专用账户报表,...,.... 12 iv.speeial Account Statelnent....,.,.,.,...., 二,., 二 12 ( 五 ) 财务报表附注.,....,...,... 14 v.notestothefinancialstatements 二,,.,....,.,.... 17 三 审计发现的问题及建议...,.... 20 111.Andit Findings and Recommendations....,....,22
一 审计师意见 审计师意见 黄山市世行新农村建设项目办公室 : 我们审计了世界银行贷款安徽黄山新农村建设示范项目 2015 年 12 月 31 日的资金平衡表及截至该日同年度的项目进度表 贷款协定执行情况表和专用账户报表等特定目的财务报表及财务报表附注 ( 第 5 页至第 19 页 ) ( 一 ) 项目执行单位及安徽省财政厅对财务报表的责任 簖制上述财务报表中的资金平衡表 项目进度表及贷款协定执行情况表是你办的责任, 簖制专用账户报表是安徽省财政厅的责任, 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制项目财务报表, 并佼其实现公允反映 ; 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在由于舞弊或错误而导致的重大错报 ( 二 ) 审计责任一 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, 以及评价财务报表的总体列报 l
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安徽黄山新农村建设示范项目 20 巧年 12 月 31 日的财务状况及截至该日同年度的财务收支 项目执行和专用账户收支情况 ( 四 ) 其他事项 我们还审查了本期内报送给世界银行的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 报 附 计 的问题 ~ 泛乙, 矍罗计厅 地址 : 中国安徽省合肥市屯溪路 272 号邮政簖码 :230001 电话 :86 一 551 一 64678262 传真 :86 一 551 一 64678265 2
1. Auditor's Opinion Auditor's Opinion To Huangshan New Countryside Project Management Office We have audited the special purpose financial statements (from page 5 to page 19) of Anhui Huang Yellow Mountain New Countryside Demonstration Project financed by the World Bank, which comprise the Balance Sheet as of December 31, 2015, 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 year then ended, and Notes to the Financial Statements. Project Entity and Anhui Provincial Finance Department's Responsibility for the Financial Statements The preparation of the Balance Sheet, the Summary of Sources and Uses of Funds by Project Component and the Statement of Implementation of Loan Agreement is the responsibility of your entity, while the preparation of the Special Account Statement is the responsibility of Anhui Provincial Finance Department, 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 Govemment 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 free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures 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 3
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 Anhui Huang Yellow Mountain New Countryside Demonstration Project financed by the World Bank as of December 31, 2015, 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 applications 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. Anhui Provincial Audit Office of the People's Republic of China June 23, 2016 Address: No. 272 Tunxi Road, Hefei City, Anhui Province, P.R. China Postcode: 230001 The English translation is for the convenience of report users; Please take the Chinese audit report as the only official version. 4
II. Financial Statements and Notes to the Financial Statements i. Balance Sheet BALANCE SHEET 2015 * 12 )A 31 H (As of December 31, 2015) Project Name: Anhui Yellow Mountain New Countryside Demonstration Project Financed by the World Bank Prepared by: Huangshan New Countryside Project Management Office 1 P 411: A K Currency Unit: RMB Yuan Application of Fund Line Beginning Balance Ending Balance Sources of Fund No Beginning Balance Ending Balance No. No. Total Project Expenditures 1 36,108,455.98 98,305,072.23 Total Project 28 11,315,526,96 22,131,894,70 Appropriation Funds 1 RM ER2 - - Project Capital and Capital 29 - Fixed Assets Transferred Surplus Construction Expenditures 3 - Including: Grants 30 - to be Disposed 3. $ (H,, 4 - - 31 16,215,350.00 78,201,513,10 Investments Transferred-out Total Project Loan 4. ioi 5 36,108,455.98 98,305,072.23 Total Project 32 16,215,350.00 78,201,513,10 Construction in Progress Investment Loan & A 6-33 16,215,35000 78,201,513.10 Investment Loan Receivable Foreign Loan Including: World Bank 7- - Including: IDA 34 - Investment Loan Receivable Appropriation of Investment 8 fi: 35 16,215,350.00 78,201,513.10 Loan IBRD Including :Appropriation of 9 - Technical 36 - World Bank Investment Loan Cooperation -0 10 A 37- Equipment Co- Financing Including: Equipment Losses II - Domestic Loan 38 in Suspense. k12 9,712,187 89 28,661,440,62 2.4 4f 39 Total Cash and Bank Other Loan 5 N &A Rr f,1 13 9,712,187.89 28,624,040.62 Appropriation of 40 Cash in Bank Investment Loan Including Special Account 14 82,256.49 6,260,880.42 Including: World Bank 41 - Loan 2. 39. 15-37,400.00 42 - Cash on Hand Bond Fund i (To be continued) 5
A. &W f. 16 1,794,808.50 6,961,047.02 Construction Expenditures 43 Total Prepaid and Receivable to be Offset Including: World Bank Loan 17 - - Total Payable 44 20,084,608.45 33,824,748.87 Interest Receivable World Bank Loan i8 - -- Including: World Bank 45 - - Commitment Fee Loan Interest Payable Receivable World Bank Loan Service- 19 - - World Bank Loan 46 - - Fee Receivable Commitment Fee Payable t, A ilef 20-7- Marketable Securities World Bank Loan Service Fee Payable A IM A t it - -±48 A21 - -232.200.00 Total Fixed Assets Other Payables 19%fV M 22 -& AW 49 -- Fixed Assets, Cost Appropriation of Fund Loss: Accumulated 23 -eained Earnings 50-33.04 1,603.20 Depreciation NVU1,4T,24 Fixed Assets, Net IMWRP Afl25 Fixed Assets Pending Disposal Fixed Assets Losses in Suspense Total Application of Fund 26-27 47,615,452.37 133,927,559.87 51 47,615,452.37 133,927,559.87 Total Sources of Fund 6
ii. Summary of Sources and Uses of Funds by Project Component * ~ *j ( -) SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I *M a 12015-12 A 31 H (For the period ended December 31, 2015) Project Name: Anhui Yellow Mountain New Countryside Demonstration Project Financed by the World Bank Prepared by: Huangshan New Countryside Project Management Office *4k: A K i fg Currency Unit: RMB Yuan Current Period Cumulative Total Sources of Funds international Financing Current Current Period Current Period Life of PAD Cumulative Cumulative% Period Budget Actual % Completed Actual Completed 236,630,720 00 72,802,530.84 30.77% 900,205,500.00 100,333,407.80 11.15% 199,129,522.98 61,986,163.10 31.13% 620,000,200.00 78,201,513.10 12.61% 1. 1 199,129,522,98 61,986,163.10 31.13% 620,000,200.00 78,201,513.10 12,61% IBRD -CountEpar Fmnancmg 37,501,197-02 10,816,367.74 28.84% 280,205,300 00 22,131,894.70 7.90% Total Application of Funds (by 236,630,720.00 62,196,616.25 26.28% 900,205,500.00 98,305,072.23 10.92% Project Component) 14AfMil&E 155,970,777.00 44,826,793.91 28,74% 412,063,200.00 72,815,795.53 17.67% Infrastructure Improvement Cultural Heritage Preservation 28,845,000.00 0.00% 125,071,00000 4,561.35 0,0036% Characteristic Industry 36,786,843.00 9,136,281.57 24.84% 133,129,900.00 9,663,450.02 7.26% _ 4. IN)l 8,487,500.00 1,831,847.01 21.58% 36,220,00000 2,186,796.01 6.04% Capacity Building Underground Wires and Telecom 5,581,500.00-0.00% Cable 6.9EllissK 116,000,oo 0.00% 3,059,200.00 - o00% Land Acquisition and Resettlement Operation Maintenance. - - 6,465,100,00 0.00% Management Fees 8,*) age e 3,128,400.00 3,713,008.14 118.69% 92,773,000.00 9,394,701.83 10.13% Project Management 9oan tn a A n F1rA i.en e 733,300.00 246,129.81 33,56% 18,258,000.00 1,779,565.20 9.75% Loan Interest and Front-end Fece l0.rrp Contingency 2,562,900.00-0.00% 67,584,600.00-0.00/0 1.0 #1-2,442,555.81 -- 2,460,202.29- Exchange gains and losses & (To be continued) 7
Current Period Cumulative Current Current Period Current Period LifeofPAD Cumulative Cumulative % Period Budget Actual % Completed Actual Completed Difference 10,605,914.59 2,028,335.57 Cha intreeva 5,166,238.52 _ 6,961,047.02 Change in Receivables 2. 'J*aI! - -13,740,140.42-33,824,748 87 Change in Payables 3. Aili-It 18,949,25273 _ 28,661,440.62 Change in Cash and Bank 4. At 230,563.76-230,596.80 Other
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( V9 ) -V#1 *P #;& iv. Special Account Statement * A SPECIAL ACCOUNT STATEMENT *MAY 2015 * 12 A 31 N (For the period ended December 31, 2015) Depository bank: Hefei Sipailou Branch, China Project Name: Anhui Yellow Mountain New Merchants Bank Countryside Demonstration Project Financed *-9. 55190225143281202 by the World Bank Account No. 55190225143281202 8309-CN lf i JR A: t World Bank Loan No:8309-CN Currency: USD 441*1k: 14;449FT Prepared by: The Finance Department ofanhui Province A03 : Part A-Account Activfty for the Current Period Amount Beginning Balance 13,442,80 Aft *MtffM*,9R 9,392,859.60 Total Amount Deposited this Period by Worid Bank *Mfl,0&A,tR 312.29 Total Interest Earned this Period if Deposited in Special Account * M T -n6-4 3 * M Z-1 14 a - Total Amount Refunded this Period to Cover Ineligible Expenditures Deduct: * M 3 -,t IS M 8,442,392.99 Total Amount Withdrawn this Period Total Service Charges this Period ifnot Included in Above Amount Withdrawn 60.00 M*1M 964,161.70 Ending Balance ()6- JTo be continued) 12
B~ Part B-Account Reconciliation Amount Amount Advanced by World Bank 2,900,000.00 Deduct: Total Amount Recovered by World Bank 3. Outstanding Amount Advanced to the Special Account at the End of this Period Ending Balance of Special Account 2900,00000 964,161.70 Add: Amount Claimed but not yet Credited at the End of this Period 6. 1,936,08519 Amount Withdrawn but not yet Claimed at the End of this Period 7. M*R Wifl1d (9154*A5N6406 PP) 70,00 Cumulative Service Charges (If not Included in Item 5 or 6) Deduct: 8. @js&a 316.89 Interest Earned (If Included in Special Account) 9. M2,900,000.00 Total Advance to the Special Account Accounted for at the End of this Period 13
( 五 ) 财务报表附注 财务报表附注 1. 项目概况世界银行贷款安徽黄山新农村建设示范项目贷款号为 8309 一 CN, 项目目标及内容 : 本项目通过在黄山市选择的村庄里, 为农户改善服务质量和提供创收机会 通过对下列领域的投资实现 :(i) 提升基础设施服务,(11) 恢复和保护现有文化遗产资产, 及 (111) 促进高附加值农业和乡村旅游 ; 项目的建设内容分为基础设施改善 文化遗产保护 农村经济产业提升建设 机构与能力建设四个部分, 项目总投资 9.0 皿亿元人民币, 其中利用世行贷款 1 亿粎元 建设范围是黄山市 7 个区县的 68 个行政村 2. 财务报表编制范围本财务报表的簖制范围包括黄山市本级项目办及市辖区 县世行项目办公室的财务报表及省财政厅专用账户报表 3. 主要会计政策 3.1 本财务报表按照财政部 世界银行贷款项目会计核算办法 ( 财际字 2000 13 号 ) 的要求编制 3.2 会计核算年度采用公历年制, 即每年 1 月 1 日至 12 月 31 日 3.3 本会计核算以 权责发生制 作为记账原则, 采用借贷复式记账法记账, 以人民币为记账本位币 3.4 按照中国人民银行 2015 年 12 月 31 日汇率, 即 USD 卜人民币 6.4936 元 4. 报表科目说明 4.1 项目支出 14
2015 年 12 月 31 日项目支出人民币 98,3 肠,072.23 元, 占总投资计划的 10.92%; 其中, 汇兑损益 2,460,202.29 元 4.2 货币资金 2 侃 5 年 12 月 31 日货币资金余额为人民币 28,&1,440.62 元, 其中专用账户存款 6,260,880.42 元 4.3 预付及应收款 2015 年 12 月 31 日余额为人民 6,961, 叫 7. 似元, 主要是预付项目进度款 4.4 项目拨款项目计划配套资金总额人民币 280,205,3 的. 的元, 截至 2015 年 12 月 31 日到位配套人民币 22,131,894.70 元, 占计划的 7.9 哪, 是地方配套资金 ( 主要是区县配套资金 )o 4.5 项目借款 2 侃 5 年 12 月 31 日余额为人民币 78,2 似,513.10 元, 其中 : 国际复兴开发银行贷款额为 12,042,859. 60 美元, 折合人民币 78,201,513.10 元 截至 2015 年 12 月 31 日, 累计提取世界银行贷款资金 12, 42,859.60 粎元, 占贷款总额的 12.04%( 以美元计 ) 其中 : 工程类累计提款 8,552,960.91 粎元, 占该类计划的 9.66%; 货物 咨询服务 培训类累计提款 337,468.22 粎元, 占该类计划的 3.32%; 补贴类累计提款 2,430. 们粎元, 占该类计划的 0.23%; 先征费提款 250,000.00 美元, 占该类计划的 100.00%; 本期专用账户预存款额 2,900,000.00 美元 4.6 应付款 2 侃 5 年 12 月 31 日余额为人民币 33,824,748.87 元, 主要是应付工程款 l5
4.7 未交款 20 巧年 12 月 31 日余额一 2 犯,200.00 元, 是款县项目办上交未冲销的招标代理费 4.8 留成收入 2015 年 12 月 31 日余额人民币 1,603,20 元, 主要是息费净收入 5. 专用账户使用情况本项目专用账户设在招商银行合肥四牌楼支行, 账号为 5519 似 25143281202, 币种为美元 专用账户首次存款 2,9 叨, 的 0. 的美元 2015 年年初余额 13,442.80 粎元, 本年回补 9,392,859. 60 美元, 利息净收入 246.89 粎元, 本年支付 8,442,392.99 美元, 年末余额 964,161.70 美元 6, 其他需要说明的事项项目资金平衡表中国际复兴开发银行贷款期末数与期初数之差 项目进度表中相应本期发生额与贷款协定执行情况表人民币本期提款数不一致是由于历年汇总损益造成的 l6
v. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview The Loan Number of Anhui Huang Yellow Mountain New Countryside Demonstration Project is 8309-CN.The project development objective is to improve the quality of services and income generating opportunities available to rural households in selected villages of Huangshan municipality. This would be achieved by investing in: (a) upgrading infrastructure services, (b) restoring and preserving the existing cultural heritage assets, and (c) promoting high value-added agriculture and countryside tourism. The project is expected to generate public benefits that would consist of (a) improved infrastructure and services; (b) preserved and conserved cultural heritage assets; (c) countryside economic industry upgrading construction; (d)strengthened capacity of village level organizations and government agencies. The total cost is estimated at about RMB 900.20 million, including the World Bank loan of USD100 million, covering 68 villages in 7 districts/counties in Huangshan Municipality. 2. Consolidation Scope of the Financial Statements Consolidation scope of the financial statements covers the financial statements of Huangshan New Countryside Project Management Office, the offices at the district/county level, as well as the Special Account set in the Provincial Finance Department. 3. Accounting Policies 3.1 The Financial Statements of the project were prepared according to the requirements of Accounting Methods for the World Bank Financed Project (Cayizi[2000]No. 13 ). 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January I to December 3 1. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RMB is used as the recording currency of bookkeeping. 17
3.4 The exchange rate adopted in the financial statements was the exchange rate on December 31, 2015 of the People's Bank of China, which is USDl= RMB6.4936 yuan. 4. Explanation of Subjects 4.1 Total Project expenditures The project expenditure in 2015 was RMB98,305,072.23 yuan, accounting for 10.92% of the total investment plan, among which exchange gains and losses was RMB2,460,202.29 yuan. 4.2 Cash and Bank As of December 31, 2015, the balance of cash and Bank deposit was RMB28,661,440.62 yuan. And the funds in the Special Account were converted to RMB6,260,880.42 yuan. 4.3 Prepaid and Receivable Its balance on December 31, 2015 was RMB6,961,047.02 yuan, mainly the prepayment for civil works. 4.4 Project Appropriation Funds The total planned counterpart funds of this project were RMB280,205,300.00 yuan. The actual cumulative allocated counterpart funds (mainly from district/county level) were RMB22,131,894.70 yuan by the end of December, 2015, accounting for 7.90% of the plan. 4.5 Project Loan The balance on December 31, 2015 was RMB78,201,513.10 yuan, including the IBRD loan USD12,042,859.60, equivalent to RMB78,201,513.10 yuan. By the end of December 31, 2015, accumulated USD12,042,859.60 of the World Bank loan had been withdrawn, accounting for 12.04 % of the total ( calculated in USD. Among which the withdrawal for civil works was USD8,552,960.91, accounting for 9.66% of the plan; the withdrawal for goods, consultancy and training was USD 337,468.22, accounting for 3.32% of the plan; the withdrawal for subsidies was USD2,430.47, accounting for 0.23% of the plan; the withdrawal of USD250,000.00 for front fee, accounting for 100.00 % of the plan, total advance to the special account accounted for at 18
year USD 2,900,000.00. 4.6 Payable The balance on December 31, 2015 was RMB33,824,748.87 yuan, mainly payable for civil works. 4.7 Unpaid Expenses. The balance on December 31, 2015 was RMB -232,200.00 yuan, mainly un-offset bidding agency fee paid by Shexian PMO. 4.8 Retained Earnings The balance on December 31, 2015 was RMB1,603.20 yuan, which was the balance of the net interest earned of Special Account. 5. Special Account The Special Account of this project is set in Hefei Sipailou Branch, China Merchants Bank, with the account number of 55190225143281202, and USD as currency Unit. The amount advanced of the Special Account was USD 2,900,000.00. The beginning balance of 2015 was USD13,442.80 and the amount deposited was USD9,392,859.60 in 2015. This year the net interest earned was USD246.89 and the disbursement was USD8,442,392.99. Thus, the balance by the end of December, 2015 was USD964,161.70. 6. Other Explanation for the Financial Statements Due to the change of foreign exchange rate, there are discrepancies between the difference of the beginning and ending balance of the IBRD loan in the Balance Sheet, the current year's loan received in the Summary of Sources and Uses of Funds by Project Component and the amount of current year's withdrawals (disclosed in RMB) in the Statement of Implementation of Loan Agreement. 19