VASAVADA & ASSOCIATES CHARTERED ACCOUNTANTS CA. JWALANT S. BUCH B. Com., F.C.A., D.C.P. CA. ABHILASH N. DESAI B. Com., F.C.A.
Form ofUtilization Certificate Certified that out of US$ 2,50,000
Public Disclosure Authorized Sr. Asper Amount Amount No Agreement in US$ in Indian equivalent to Indian Rs.1 ,50,00,0001- of dated Rs. grants-in-aids sanctioned during the period
1 June 26, 2,50,000 1,50,00,000 from 27th February, 2013 to 30th June, 2013 2015, in favour of The Director- General, All India Institute of Local Self- Government, Mumbai received as per Total 2,50,000 1,50,00,000 agreement shown in the margin and Rs. Nil on account of unspent balance of the said
Public Disclosure Authorized period, a sum ofRs.1,56,01,745.41 has been utilised for the purpose of Transformation of Mumbai into a World Class City Project for which it was sanctioned and that the balance of Rs. Nil. 2. Certified that we have satisfied ourselves that the conditions on which the grants-in aid was sanctioned have been duly fulfilled/are being fulfilled and that I have exercised the following checks to see that the money was actually utilised for the purpose for which it was sanctioned.
Kinds of checks exercised
Public Disclosure Authorized 1. Vouchers I external documents duly sanctioned. 2. Cash Book I Bank Book/ Journal 3. General Ledger
For VASAV ADA & ASSOCIATES Chartered Accountants n. No.: 111313W
...... (A. N. DESAI) Designation: Partner
Public Disclosure Authorized Membership No. : 039122
Mumbai: lOth August, 2015
407/408, Kesar Plaza, Plot No. 239, RDP 6 , Charkop Market , Kandivali (W) Mumbai 400 067 Ph. 26844393/ 26835896 I 26840485 e- mail: [email protected] , [email protected] VASAVADA & ASSOCIATES CHARTERED ACCOUNTANTS CA. JWALANT S. BUCH B. Com., F.C.A., D.C.P. CA. ABHILASH N. DESAI B. Com., F.C.A.
AUDITORS' REPORT
The Director-General, All India Institute of Local Self-Government, Mumbai.
We have audited the books of account and the Balance Sheet as at 30th June, 2015 and the Income & Expenditure Account for the period form 27th February, 2013 to 30th June, 2015 for the Grant in-aid received from The Cities Alliance by ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT, Sthanikraj Bhavan, C. D. Barfiwala Lane, Andheri West, Mumbai-400058 and subject to Notes to the Account, we have to report as under:
1. An amount of US$250000 equivalent to Indian Rs.1 ,50,00,000 I -being grant-in-aid has been received during the year 2013-14 from Cities Alliance and Rs.13533760I being received from Mumbai first and MMRDA during the Period from 271212013 to 301612015 an amount of Rs.46,00,000 I -is receivable.
We report as under:
a. Subject to the above and Notes to the Account forming part of the Balance Sheet, we have obtained all the information and explanations, which, to the best our knowledge and belief were necessary for the purpose of our audit.
b. The Balance Sheet and the Income & Expenditure Accountant dealt with by this Report are in agreement with the books of account.
c. In our opinion and to the best of our knowledge and belief and according to explanations given to us, the accounts read with and subject to the notes hereon, exhibit a true and fair view of --
407/408, Kesar Plaza, Plot No. 239, RDP 6 , Charkop Market , Kandivali (W) Mumbai 400 06_7 Ph. 26844393/ 26835896 I 26840485 e- mail: [email protected] , [email protected] VASAVADA & ASSOCIATES CHARTERED ACCOUNTANTS CA. JWALANT S. OUCH B. Com., F.C.A., D.C.P. CA. ABHILASH N. DESAI B. Com .. F_¢ .
i) in case of the Balance Sheet, of the state of affairs of the Centre as on 30th June, 2015.
ii) in case of the Income and Expenditure Account, the excess of expenditure over income for the period ended on that date.
A. N. DESAI (Partner)
Mumbai: lOth August, 2015
407/408, Kesar Plaz a , Plot No. 239, RDP 6 , Charkop Market . K a ndivali (W) ~umbai 400 067 Ph. 26844393/ 26835896 / 26840485 e-mail: [email protected] . vasavadaassoc1ates.ca@gmail. com \
ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
BALANCE SHEET AS AT 30.June ,2015
LIABILITIES SCHEDULE AMOUNTRs.
DUE FROM ALL INDIA INSTITUTE OF LOCAL SELF GOVT. 1,078,927.49
OUTSTANDING LIABITIES FOR EXPENSES 865,381.68
PROJECT & CONSULTANCIES I 3,651,700 .00 3,621,208.00 SUNDRY CREDITORS FOR RXPENSES
9,217,217.17 TOTAL Rs.
AMOUNTRs. ASSETS
4 ,445,719.00 PROJECT & CONSULTANCIES n
CASH & BANK BALANCES 20,000.00 PERMANENT CASH 2,915.00 PETTY CASH 124,330.57 BALANCE WITH SYNDICATE BANK AIC N03900 24,252.60 BALANCE WITH SYNDICATE BANK AIC N0.2327 171,498.17
4 ,600,000.00 INCOME RECEIVABLE
9,217,217.17 TOTAL Rs.
For ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT For VASAV ADA & ASSOCIATES MUMBAI TRANSFORMATION SUPPORT UNIT CHARTERE CCOUNTANTS 313W ~,::~~) ~:o;~=al) r·
Mumbai: lOth August 2015 Mumbai: lOth August 2015 ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SHEDULES TO AND FORMING PART OF THE BALANCE SHEET AS AT 30th JUNE,2015
SCHEDULE-I PROJECT & CONSULTANCY
STUDY ON LAND RECLAMATION IN MUMBAJ IN LAST 100 YEARS AND ITS IMPACT 3,651,700.00 ASSESSMENT
TOTALRs. 3,651,700.00
SCHEDULE-II PROJECT & CONSULTANCY
RESEARCH SERVICES FOR A.C.BUS SUR'/EY 749,075.00
CARRYING OUT A SURVEY AT CST STATION 44944.00
STUDY ON LAND RECLAMATION IN MUMBAI IN LAST 100 YEARS AND ITS IMPACT 3.651 .700.00 ASSESSMENT
TOTAL Ra . 4 445 719.00 ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT TRANSFOIUriATION OF J«UJJBAI INTO WORLD CLASS CITY
INCOME & EXPENDITURE FOR THE PERIOD 27 FEBRUARY 2013 TO 30 TH 30 TH JUNE 2015
INCOME SCHEDULE AMOUNTRs.
GRANT IN AID FROM CITIES ALLIANCE 15,000,000.00
GRANT IN AID FROM MUMBAI FIRST 6,300,000.00
GRANT IN AID FROM MMRDA 4 ,600,000.00
PROJECT & CONSULTANCIES A 7,893,560.00
MISCELLANEOUS RECEIPTS 77,779.20
EXCESS OF EXPENDITURE OVER INCOME 57,105.86
TOTAL Rs. 33,928,445.06
EXPENDITURE AMOUNTRs.
GENERAL ESTABLISHMENT B 14,120,524.50
SERVICES PROVIDED BY THE INSTITUTE c 2,779,500.00
ADMINISTRATIVE EXPENSES D 2,945,920.56 PROJECT & CONSULTANCIES • 14,082,500.00
TOTAL ~- 33,928,445.06
•r ALL INDlA INSTITUTE OF WCAL SELF GOVERNMEJ MUMBAI TRANSFORMATION SUPPORT UNIT
RAMANATH . JHA
Mumbai: lOth August 2015 Mumbai: lOth August 2015 ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT
TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SCHEDULES TO AND FORMING PART OF THE INCOME & EXPENDITURE ACCOUNT FOR THE PRIOD FROM 27 th FEBRUARY 2013 TO 30 th JUNE 2015
SCHEDULE-A PROJECT & CONSULTANCY
STUDY ON LAND RECLAMATION IN MUMBAI 98,000.00 STUDY ON APPROPRIATE INSTITUTIONAL MODELS FOR SLUM FREE MUMBAI AND URBAN RENEWAL 3,928,680.00 STUDY ON INSTITUTIONAL STRENGTHENING FOR SUSTAINABLE REFORMS 3,305,080.00
PREPARATION OF' MBBT COMMITTEE REPORT 561,800.00 TOTAL Rs 7,893,560.00
ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT
TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SCHEDULES TO AND FORMING PART OF' THE INCOME & EXPENDITURE ACCOU1\'T FOR THE PRIOD FROM 27th FEBRUARY 2013 TO 30th JUNE 2015
SCHEDULE-D GENERAL ESTABLISHMENT
SALARIES & ESTABLISHMENT 9 .603.933.50 HONARARIUM TO PROJECT STAFF' 4.105.180.00 OFFICE CONTRIBUTION TO PROVIDENT FUND 4 11.41100
TOTAL Rs 14,120,524.50
ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT
TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SCHEDULE-C SERVICE PROVIDED BY THE INSTITUTE
AlRCO:-lDIT!ONll'iG HlRll'\G CHARGES 880.000.00 COMPUTER HlRlNG CHARGES 609.000 00 \'EHICAL HIRING CHARGES 1.290.500.00
TOTAL Rs 2 , 779,500.00 ALL INDIA INSTITUTE OF LOCAL SELF GOVERNMENT
TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SCHEDULE-D
ADMINISTRATIVE EXPENSES
AUDIT FEES 15,000 .00
BANK CHARGES 10,777.00
COMPUTER EXPENSES 157,342 .11
ELECTRICITY EXPENSES 859,671.69
EXCHANGE RATE FLUCTUATION 34,094.75
LOCAL CONVEYANCE FOR OFFICE WORK 16,368 .00 AND FIELD VISITS WEBSITE MAINTENANCE CHARGES 465, 162 .00
NEWS PAPER & PERIODICALS 46,235.00
POSTAGE & COURIER EXPENSES 28,375.47
PRINTING & STATIONERY 311,072.80
RENT RATES & TAXES 46,859.00
REPAIRS & MAINTENANCE 47,656 .25
SUNDRY EXPENSES 349,071.50
TELEPHONE EXPENSES 434,749.99
TRAVELLING EXPENSES 123,485.00
TOTAL RL 2,945,920.56
ALL INDIA INSTITUTE OF LOCAL SELF GOVERJOIENT
TRANSFORMATION OF MUMBAI INTO WORLD CLASS CITY
SCHEDULE-E
PROJECT & CONSULTANCY
STUDY ON LAND RECLAMATION IN MUMBAJ 87,000.00
STUDY ON APPROPRIATE INSTITUTIO!'IAL .!ODELS FOR SLUM FREE MUMBAI AND URBA.."i RENEWAL 7,099,344.00
STUDY ON INSTITUTIONAL STRE 'GTHE n G FOR 5,981 , 156.00 SUSTAI ABLE REFORMS
PREPARATIO. OF MBBT CO IM IITEE REPORT 480.000.00
MU !Bi\1(. V HAL 435 ,000 00
TOTAL Rs. 14,082,500.00 VASAVADA & ASSOCIATES - ~ CHARTERED ACCOUNTANTS CA. JWALANT S. BUCH B. Com., F.C.A ., D.C.P. CA. ABHILASH N. DESAI B. Com., F.C.A.
SCHEDULE- F
Notes to the Account
1. (a) The accounts of the project have been prepared the accounts under the Historical Cost Convention using the Mercantile system of accounting.
2. The Cities Alliance had sanctioned a grant-in-aid of US$ 2,50,000 equivalent to Indian Rs.lSO,OO,OOO/- for the year 2013-14,for the period ended 30th June 2015. The said grants-in-aid of US$2,50,000 equivalent to Indian Rs.l,50,00,000/- have been released as per agreement,
3. Revenue Recognition: The Grant-in-aid is credited to Income & Expenditure account only on completion of the phase of that project.
3. Expenditure : (a) Actual expenses have been debited for the services rendered by All India Institute of Local Self Government, details of which have been disclosed separately.
(b) Expenditure on account of the project are debited to the Income and Expenditure account only on its completion of its phase.
For Vasavada & Associates All India Institute of Local Self Government, Mumbai
RAMANATH JHA A.N.~~~------ Partner Director-General M. No. 039122
Mumbai: 10th August, 2015 Mumbai: 1oth August, 2015
407/408, Kesar Plaza, Plot No. 239, RDP 6 , Charkop Market , Kandivali (W) Mumbai 400 067 Ph. 26844393/26835896 I 26840485 e-mail: [email protected] , [email protected]