Building a better working world

Public Disclosure Authorized INDEPENDENT AUDITOR'S REPORT

The Board of Trustees Community and Family Services International

Report on the Audit of the Financial Statements

Opinion

We have audited the financial statements of Mindanao Trust Fund - Reconstruction and Development Project - Phase 11 (MTF-RDP/2) for which Community and Family Services International, a nonstock, Public Disclosure Authorized nonprofit organization, serves as the Trust Fund Recipient. These financial statements are comprised of the statements of assets, liabilities, and fund balances as at December 31, 2019 and 2018, and the statements of revenues and expenses, statements of changes in fund balances and statements of cash flows the year ended December 31, 2019 and for the period April 10, 2018 to December 31, 2018, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the assets, liabilities and fund balances of MTF-RDP/2 as at December 31, 2019 and 2018 and its revenues and expenses and its cash flows for the year ended December 31, 2019 and for the period April 10, 2018 to December 31, 2018 in accordance with Philippine Financial Reporting Standard for Small and Medium-sized Entities (PFRS for SMEs).

Public Disclosure Authorized We have also reviewed the translation of the financial statements mentioned above to U.S. dollar on the basis described in Note 2 to the financial statements. In our opinion, the financial statements have been properly translated on such basis.

Basis for Opinion

We conducted our audits in accordance with Philippine Standards on Auditing (PSAs). Our responsibilities under those standards are further described in the Auditor's Responsibilitiesfbr the Audit of the FinancialStatements section of our report. We are independent of MTF-RDP/2 in accordance with the Code of Ethics for Professional Accountants in the (Code of Ethics) together with the ethical requirements that are relevant to our audit of the financial statements in the Philippines, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Public Disclosure Authorized Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with PFRS for SMEs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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In preparing the financial statements, management is responsible for assessing the MTF-RDP/2's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the MTF-RDP/2 or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the MTF-RDP/2's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with PSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with PSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

* Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

* Obtain an understanding of internal control relevant to the audit 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 MTF-RDP/2's internal control.

* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

* Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the MTF-RDP/2's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the MTF-RDP/2 to cease to continue as a going concern.

* Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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A member firm of Ernst & Youig GloIal L ted MINDANAO TRUST FUND - RECONSTRUCTION AND DEVELOPMENT PROJECT (PHASE II) (Community and Family Services International - Trust Fund Recipient, A Nonstock, Nonprofit Organization) STATEMENTS OF ASSETS, LIABILITIES AND FUND BALANCE

December 31, 2019 December 31, 2018 Philippine U.S. Dollar Philippine US. Dollar Peso (Note 2) Peso (Note 2)

ASSETS

Current Assets Cash (Note 4) P19,578,739 $386,664 P27,678,396 S526,405 Other current assets (Note 5) 2,864,330 56,568 2,777,201 52,819

P22,443,069 $443,232 P30,455,597 $579,224

LIABILITIES AND FUND BALANCE

Current Liabilities Accounts payable and accrued expenses (Note 6) P3,309,178 $65,354 P18,333,910 $348,686

Fund Balance 19,133,891 377,878 12,121,687 230,538

P22,443,069 $443,232 P30,455,597 $579,224

See accompanying Notes to Financial Statement.

Ilil II1111111 11 II II I I I III1 III Ill MINDANAO TRUST FUND - RECONSTRUCTION AND DEVELOPMENT PROJECT (PHASE II) (Community and Family Services International - Trust Fund Recipient, A Nonstock, Nonprofit Organization) STATEMENTS OF REVENUES AND EXPENSES FOR THE PERIOD APRIL 10, 2018 TO DECEMBER 31, 2018 AND FOR THE YEAR ENDED DECEMBER 31, 2019

December 31, 2019 December 31, 2018 (One Year) (Eight Months and 21 days) Philippine U.S. Dollar Philippine US Dollar Peso (Note 2) Peso (Note 2)

REVENUES Grants, donations, support and contributions (Note 1) P105,630,593 $2,086,118 P86,738,723 $1,649,652 Interest income (Note 4) 28,356 560 17,193 327 105,658,949 2,086,678 86,755,916 1,649,979

PROJECT EXPENSES Coununity service and capacity building expenses (Note 6) 78,501,104 1,550,333 59,107,920 1,124,152 Professional, technical and other consultancy fees (Notes 7 and 8) 19,389,764 382,932 14,431,968 274,476 97,890,868 1,933,265 73,539,888 1,398,628

OTHER CHARGES Foreign exchange loss - net 739,964 14,614 1,086,861 20,671 Bank charges 15,913 314 7,480 142 Translation adjustment - (8,855) - - 755,877 6,073 1,094,341 20,813

EXCESS OF REVENUES OVER EXPENSES P7,012,204 $147,340 P1 2,121,687 $230,538

Sec accornpaningNotes to financial Statements MINDANAO TRUST FUND - RECONSTRUCTION AND DEVELOPMENT PROJECT (PHASE II) (Community and Family Services International - Trust Fund Recipient, A Nonstock, Nonprofit Organization) STATEMENTS OF CHANGES IN FUND BALANCE FOR THE PERIOD APRIL 10, 2018 TO DECEMBER 31, 2018 AND FOR THE YEAR ENDED DECEMBER 31, 2019

December 31, 2019 December 31, 2018 (One Year) (Eight Months and 21 days) Philippine U.S. Dollar Philippine U.S. Dollar Peso (Note 2) Peso (Note 2)

Balance at beginning of period P12,121,687 $230,538 P- 5-

Excess of revenues over expenses 7,012,204 147,340 12,121,687 230,538

Balance at end of period P19,133,891 $377,878 P12,121,687 $230,538

See accompanqing Notes to FinancialStatements MINDANAO TRUST FUND - RECONSTRUCTION AND DEVELOPMENT PROJECT (PHASE II) (Community and Family Services International - Trust Fund Recipient, A Nonstock, Nonprofit Organization) NOTES TO FINANCIAL STATEMENTS

1. Project Information

Community and Family Services International, Inc. (CFSI) is a nonstock, nonprofit, humanitarian organization, committed to peace and social development, with a particular interest in the psychosocial dimension. Established in the Philippines in 1981, CFSI was incorporated in 1982. The registered office address of CFSI is 8F Gain Parklane Building, 212 EDSA Extension, Brgy. 79, Pasay City.

The mission of CFSI is to vigorously protect and promote human security-specifically, the lives, well-being, and dignity of people uprooted by persecution, armed conflict, disasters, and other exceptionally difficult circumstances. These include refugees, internally displaced persons (IDPs), disaster survivors, and others who are vulnerable, exploited or abused.

The Government of the Republic of the Philippines (GRP), in collaboration with the World Bank, the Official Development Assistance community in the Philippines, and Mindanao stakeholders, established the Mindanao Trust Fund (MTF) in late 2005 as a mechanism for pooling and channeling resources from development partners/international donors, as well as the GRP, that would support transitional assistance, in the form of grants, for post-conflict reconstruction and development in the conflict-affected areas in Mindanao. This initiative was informed by the results of the Joint Needs Assessment (JNA) carried out in 150 conflict-affected municipalities in Mindanao in 2004.

The Mindanao Trust Fund - Reconstruction and Development Project (MTF-RDP), officially launched in December 2005, was the first project funded by the MTF. The MTF-RDP was originally designed to be carried out in two phases. Phase I was expected to cover activities prior to the signing of an envisaged comprehensive peace agreement between the GRP and the Moro Islamic Liberation Front (MILF), specifically, capacity building and the limited piloting of implementation and learning activities. Phase If was to cover activities after the signing of the peace agreement and would involve a scaled up/full implementation of sub-projects in the 150 conflict-affected municipalities; provision of technical assistance; continuation of capacity-building activities; and a phased transfer of full program management responsibility to the . The MTF-RDP's objectives were to assist the economic and social recovery in the conflict-affected areas and promote inclusive and effective governance processes. CFSI was selected to serve as the Trust Fund Recipient for MTF-RDP in 2005 with responsibility for managing the funds and providing technical assistance.

Inherent into the design of the MTF-RDP is the project's ability to respond to the changes or to the dynamic situation of the peace process and to the realities in the conflict-affected areas. This was tested in 2008, with the aborted signing on the part of the GRP--of the Memorandum of Agreement on Ancestral Domain (MOA-AD) and violence and armed conflict broke out in Mindanao, between GRP and MILF troops. The MTF-RDP adopted a modified community-driven development approach, referred to as community-driven reconstruction, to address the humanitarian needs of the internally displaced persons (IDPs).

Further in 2009, the MTF Project Steering Committee, dissolved the phasing approach of MTF and decided to focus on intensifying peace building efforts and delivering socio-economic assistance to conflict-affected communities. In 2012, with the signing of the Framework Agreement on Bangsamoro (FAB), the MTF-RDP experienced another shift in the strategic direction, on top of the

1111111 II11111111111110 [ 1D 1 11I NIII I~ IDDI -2- regular delivery of socio-economic assistance activities, that allowed it to support expanded measures, specifically Joint GPH-MILF development initiatives such as the formulation and publication of the Bangsamoro Development Plan (BDP) and the Sajahatra Bangsamoro.

In 2015, with some untoward incidents in Mindanao that negatively impacted the peace process, the MTF Steering Committee decided to shift MTF-RDP activities to focus on confidence-building measures in conflict-affected communities. It is within this new strategic direction that MTF-RDP was able to pilot activities in the six (6) previously acknowledged MILF camps, or known as the CAMPS Project, and in the twenty-five (25) MILF base camps from 2016 to 2017.

The MTF-RDP officially ended on March 31, 2017.

In July 2016, the Philippine Government made peace and development in Mindanao a top govemment priority, as reflected in the 2017-2022 Philippine Development Plan. In addition, the government announced a Six-Point Roadmap and a Strategic Framework for Mindanao Peace and Development, including the full implementation of the 2014 Comprehensive Agreement on the Bangsamoro (CAB) with the Moro Islamic Liberation Front (MILF) as a central element of the government's plan.

The centerpiece of the CAB is the establishment of a new autonomous political entity, known as the Bangsamoro Autonomous Region in Muslim Mindanao (Bangsamoro or BARMM), to replace the existing Autonomous Region in Muslim Mindanao (ARMM). A joint Government-MILF-Moro National Liberation Front (MNLF) Bangsamoro Transition Commission submitted on July 17, 2018 a new draft enabling law for submission to the Philippine Congress to create the Bangsamoro. To keep the momentum in MILF communities while the government puts in place a new, longer-term financing facility, the govemment and the donors of the MTF facility agreed to extend the MTF facility and to finance, among others, access to basic socio-economic services and institutional capacity building in conflict-affected communities. This is known as the MTF-RDP Phase II (MTF-RDP/2).

The MTF-RDP/2 "proposed activities would support elements of the implementation of the CAB commitments to intensify socio-economic development in conflict-affected areas, including transforming the six previously acknowledged MILF camps into peaceful and productive communities as a confidence-building measure to underpin the peace process as progress continues on the political track. The development assistance is also expected to support the anticipated transition to the Bangsamoro by building capacity in the ranks of the MILF and other groups on development planning, budgeting, and delivery of basic services to the poor." (World Bank Project Paper, 14 March 2018). Support for the anticipated transition to the Bangsamoro will be carried out through: 1) capacity building interventions in the ranks of the MILF and other groups on development planning, budgeting, and delivery of basic services to the poor; and 2) socio-economic development in the six (6) previously acknowledged MILF Camps to provide access to basic services for the remote communities, including access to alternative learning system (ALS).

For the MTF-RDP/2, CFSI signed a Project Partnership Agreement with the Bangsamoro Development Agency (BDA) as the Project Implementing Unit (PIU) in the communities within the six (6) previously acknowledged MILF Camps - Camp Abubakar; Camp Omar; Camp Rajamuda; Camp Bader; Camp Bushra; and Camp Bilal - starting in April 2018.

As Trust Fund Recipient (TFR) and the Project Management Unit (P MU), CFSI is primarily responsible and accountable for efficient and effective implementation of the approved subprojects, and is responsible for procurement, financial management, program management support and provision of capacity-building activities/trainings to BDA, JTFCTs and POs/community volunteers.

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MTF-RDP/2 Stage I was able to complete a total of 30 SEI sub-projects benefitting a total of 42,321 residents; produce 1,613 ALS completers; and improve the capacities of various community groups/representatives - 865 PO/community volunteers; 101 BDA staff and JTFCT representatives.

MTF-RDP/2 Stage I ended on August 31, 2019 and was subsequently followed with additional financing for MTF-RDP/2 Stage 2 with implementation starting on September 1, 2019 when CFSI signed another Grant with the World Bank. A corresponding Project Partnership Agreement (PPA) with BDA was also signed and is expected to be completed in December 2020.

Project Components

MTF-RDP/2 supports activities organized under three (3) components, as follows: Community Development Activities; Capacity and Institution Building; and Project Administration, Monitoring and Evaluation.

Community Development Activities: This component supports the provision of Community sub-project in the form of socio-economic infrastructures; Alternative Learning System (ALS); Capacity Building for Joint Task Forces on Camps Transformation (JTFCTs), and People's Organization (POs).

Capacity and Institution Building: Supports capacity strengthening activities for BDA with technical specialist and operational resources.

Project Administration, Monitoring and Evaluation. This component involves project management, implementation, monitoring and evaluation, assistance for specialized staff, procurement, incremental operating costs and external audit.

Grants from the World Bank

For the MTF-RDP/2, an Agreement amounting to US$3,200,000 which covered two grant numbers, was signed in April 2018 between CFSI and the World Bank. In August 2019, CFSI and the World Bank signed an amended Agreement where the World Bank granted CFSI with the amount of US$1,780,000 as additional financing to support further activities related to the project. The details as of December 31, 2019 follow:

Equivalent In Philippine USS Amount Peso Grant TF0A7280 $2,650,000 P132,500,000 Grant TF0A7281 550,000 27,500,000 Grant TFOBO821 1,780,000 89,000,000 Total Agreement $4,980,000 P249,000,000

The original closing date of the Grants TF047280 and TFOA7281 was February 28, 2019 and later extended by the World Bank at the request of CFSI to August 31, 2019. The closing date was further extended to December 31, 2020 to coincide with the closing of Grant TFOB082I.

In addition to the Grants, CFSI is able to use, with approval from the World Bank, the additional resources that were earned from these funds-specifically bank interest income and foreign exchange gain, which total roughly P10,130,668. -5-

People's Organization Baranav /Municipality/Province Sub-Proiccts 3 Datalpandan Teduray Brgy Datalpandan, , Construction of Water System Peoples Organization Level II (DTPO) 4 Kinebaka Marnalu Brgy. Kinebeka, Datu Odin Construction of Three (3) Solar Sebangkeson Organization Sinsuat, Maguindanao Dryers (KMSO) 5 Datalpandan Teduray Brgy. Datalpandan, Guindulungan, Provision and Installation of 30 Peoples Organization Maguindanao IP Lighting Facilities (DTPO)

Camp Rajamuda

People's Orpanization /Municipality/Province Sub-Prolects 1 Sadangen Farmer Pamana Brgy. Sadangen, Gen. Salipada K. Construction of Two (2) Units Marketing Cooperative Pendatun, Maguindanao Solar Powered Water System Level 11 2 Dungguan United Brgy. Dunguan, Datu Montawal, Construction of Solar Powered Bangsamoro Agri-Fisheries Maguindanao Water System Level II Association 3 Bangsamoro Green Life Brgy. Buliok, , North Cotabato Construction of Solar Powered Producers Cooperative Water System Level II

CAmp Abubakar

People's Organization Barangay/Municipality/Province Sub-Projects 1 Nabalawag Peace and Brgy. Nabalawag, Construction of 1.5Km. One (1) Development Organization Maguindanao Lane Concrete Road 2 Barangay Nituan Water Brgy. Nituan, Parang, Construction of Water System System Consumers Maguindanao Level II Association 3 0 Pakatu Bangsabai Sa Brgy. Mataya, , Construction of Warehouse Mataya Association Maguindanao with Solar Dryer (OBAMA)

Uncompleted Sub-Projects Eight (8) uncompleted SEls and one (1) previously cancelled SEI, both from the CAMPS Project, were completed in 2019. The sub-projects and the respective managing POs are as follows:

PeolC's OrManization Barangay/Municipality/Province Sub-Projects 1 Dilabayan Peace and Brgy. Dilabayan, Kauswagan, Solar Dryer and Warehouse Development Advocates Lanao del Norte with Rice Mill Multi-Sectoral Association 2 United Bangsamoro Farmers Brgy. Saniag, Ampatuan, Water System Level II Association Maguindanao

3 United Bangsamoro Farmers Brgy. Saniag, Ampatuan, Solar Dryer and Warehouse Association Magumdanao with Corn Sheller

4 United Bangsamoro Farmers Brgy. Saniag, Ampatuan, Solar Dryer and Warehouse Association Maguindanao with Corn Sheller

5 Sukatan Samahang Producer Brgy Tuayan, Datu Hofer, Water System Level II Cooperative Maguindanao

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Revenue. CFSI assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. CFSI has concluded that it is acting as principal in all of its revenue arrangements.

4. Cash

December 31, 2019 December 31, 2018 Philippine U.S. Dollar Philippine U.S. Dollar Peso (see Note 2) Peso (see Note 2) Cash in banks P19,578,739 $386,664 P27,663,396 $526,120 Cash on hand - - 15,000 285 P19,578,739 $386,664 P27,678,396 $526,405

Interest income earned from cash in banks amounted to P28,356 ($560) and P17,193 ($327) in 2019 and 2018, respectively.

5. Other Current Assets December 31, 2019 December 31, 2018 Philippine U.S. Dollar Philippine U.S. Dollar Peso (see Note 2) Peso (see Note 2) Project advances: BDA P2,816,115 $55,616 P2,660,815 $50,605 Project Operations 48,215 952 116,386 2,214 P2,864,330 $56,568 P2777,201 25,819

Project advances to BDA include personnel funds, training funds and operational funds under the MTF-RDP/2 grant agreement between CFS1 and World Bank, which started on April 10, 2018 and ran until February 28, 2019. The project was extended until December 31, 2020. The advances also include funds for project operations of CFSL

6. Community Service and Capacity Building Expenses December 31, 2019 December 31, 2018 (One Year) (Eight Months and 21 days) Philippine U.S. Dollar Philippine U.S. Dollar Peso (see Note 2) Peso (see Note 2) Community service and capacity building expenses' F71,470,375 $1,411,482 P55,169,773 $1,049,254 Training and workshops 3,784,035 74,732 1,864,819 35,467 Field transportation and travel 2,184,880 43,150 1,470,544 27,968 Vehicle rental 412,000 8,137 275,000 5,230 Rent and utilities' 267,150 5,276 210,537 4,004 Communication 163,469 3,228 100,075 1,903 Field allowance of community volunteers 148,845 2,939 15,565 296. Materials and supplies 47,221 932 1,487 28 Repairs and maintenance 23,129 457 120 2 P78,501,104 $1,550,333 P59,107,920 $1,124,152 1 Share in the rent and utilities at the off cc space in Coaaro 01t usedfor MTF-RDPz of P210,53 7Jr the period eided Deceinber 31, 2018 was reclassified to make thefigures comparative with the period ended December31, 2019

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INDEPENDENT AUDITOR'S REPORT ON SUPPLEMENTARY SCHEDULE

The Board of Trustees Community and Family Services International

We have audited in accordance with Philippine Standards on Auditing the accompanying financial statements of Mindanao Trust Fund - Reconstruction and Development Project Phase 11 (MTF-RDP/2) for which Community and Family Services International (CFSI), a nonstock, nonprofit organization, serves as the Trust Fund Recipient as at December 31, 2019, and have issued our report thereon dated May 25, 2020. Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The Supplementary Schedule of Statements of Expenditures for the year ended December 31, 2019 and the period April 10, 2018 to December 31, 2018 is the responsibility of CFSI's management. Such supplementary schedule is presented for purposes of complying with the requirements of the World Bank and is not part of the basic financial statements. This schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, fairly states, in all material respects, the information required to be set forth therein in relation to the basic financial statements taken as a whole.

SYCIP GORRES VELAYO & CO.

J nny Ang Partner CPA Certificate No. 0108257 SEC Accreditation No. 1284-AR-2 (Group A), May 16, 2019, valid until May 15, 2022 Tax Identification No. 221-717-423 BIR Accreditation No. 08-001998-101-2018, November 6, 2018, valid until November 5, 2021 PTR No. 8131119, January 9, 2020, Makati City

May 25, 2020

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A r!Iemr fl[ im f' ocf urn,st &,Yr,Ing Cinh:P rnited MINDANAO TRUST FUND - RECONSTRUCTION AND DEVELOPMENT PROJECT (PHASE II) (Community and Family Services International - Trust Fund Recipient, A Nonstock, Nonprofit Organization) SUPPLEMENTARY SCHEDULE OF STATEMENTS OF EXPENDITURES FOR THE PERIOD APRIL 10, 2018 TO DECEMBER 31, 2018 AND FOR THE YEAR ENDED DECEMBER 31, 2019

December 31, 2019 December 31, 2018 (One Year) (Fi it Months and 21 days) Philippine Philippine Peso U.S. Dollar* Peso U.S. Dollar* Works P67,923,100 $1,341,426 P- $- Consultants' services 29,705,895 586,667 15,223,546 289,531 Incremental operating costs 16,856,045 332,893 4,350,604 82,742 Management fees 7,707,248 152,212 4,349,813 82,728 Trainings and workshops 3,663,334 72,348 518,086 9,853 Goods 1,802,250 35,593 612,745 11,654 P127,657,872 $2,521,139 P25,054,794 $476,508

* Translated using the rates ofP50. 635 and P52.58 to a US Dollar based on the closing rate ofthe Bankers Association of the Philippines as at December 31, 2019 and 2018, respectivev. The convenience translation should not be construed as a representation that the Philippine Peso amounts have been, or could have been, or could in the future be, converted into U.S Dollar amounts at this or any other rate of exchange

All the expenses for Phase 11 of the Mindanao Trust Fund - Reconstruction and Development Project (the Project) are recognized when incurred. However, for purposes of the Supplementary Schedule of Statements of Expenditures, a report of Community and Family Services International, Inc. summarizes the expenditures of the Project that were paid and submitted to the World Bank is prepared. This schedule summarizes only those expenses reported to the World Bank in 2019.

Certified True and Correct By:

RONALD NEIL SISON Deputy Executive Director/Director for Finance and Administration