Audited Project Financial Statements
Project Number: 45007-004 Loan Numbers: 3098 and 3099 Period covered: 1 January – 31 December 2020
Mongolia: Ulaanbaatar Urban Services and Ger Areas Development Investment Program (Tranche 1)
Prepared by Municipality of Ulaanbaatar
For the Asian Development Bank Date received by ADB: 25 May 2021
The audited project financial statements are documents owned by the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff. These documents are made publicly available in accordance with ADB’s Access to Information Policy and as agreed between ADB and the Municipality of Ulaanbaatar.
ULAANBAATAR URBAN SERVICES GER AREAS DEVELOPMENT INVESTMENT PROGRAM TRANCHE-I
Loan, Grant number: 3098-MON,
Audited Financial Statements
31 December 2O2O CONTENTS PAGE
PROJECT INFORMATION 1
STATEMENT BY MANAGEMENT 2
INDEPENDENT AUDITOR'S REPORT 3-4
AUDITED STATEMENT OF FINANCIAL POSITION 5
AUDITED STATEMENT OF PROFIT OR LOSS AND COM PREIIENSIVE INC:OME 6
AUDITED STATEMENT OF CHANGES EQUITY IN 7
AUDITED STATEMENT OF CASH FLOWS 8
REASONABLE ASSURANCE REPORT 9-11
AUDITED STATEMENT OF SOURCES AND USES OF 12.74
AUDITED STATEMENT OF BUDGETED Vs VERSU$ EXPENDITURES 15
AUDITED STATEMENT OF ADVANCE ACCOUNT L6..17
AUDITED STATEMENT OF EXPENDITURE 18-19
AUDITED STATEMENT OF ADVANCE AND WI APPLICATIONS 20.2L
NOTES TO THE AUDITED FINANCIAL STATEMEN-TS 22-38 PROJECT INFORMATION
PROJECT COORD!NATOR
PROJECT ACCOUNTANT
PROJECT NUMBER
GRANT NUMBER
LOAN NUMBER 3099-MON, EtB-83097
PROJECT CONTRACT DATE 2014
PROJECT DURATION 30 June 2014 to 30 June 2021
PROJECT EXECUTING AGENCY of Ulaanbaatar
'al Cultural palace, Baga REGISTERED OFFICE toiruu-1, Amar,s Street-2 Sukhbaatar district Ulaanbaatar, Mongolia
WEBSlTE . ub-subcenter.mn
TETEPHONE 7000 3099
Bank ACCOUNTS Treasury Account
AUDITORS Mongolia Audit LLC Public Accountarnts t- -l
(ULAANBAAI AR URBAN SERVICES AND GER AREAS DEVELOPMENT INVESTMENT PROGRAM'' PIIOJECT '14200 Central cultural palace_41 1, Amar Street-2, Litile ring road 1, Khoroo g, Sukhbaatar district, Ulaanbaatar Tel: 7000-3099, Fax: (976) 7000_3t198 E-mail : info@ub-subcenter. mn http://www. ub-subcenter. mn
Date zoz/. oc 2/ Ref. STATEMENT BY MANAGEMENT
The Project Management is responsible for the preparation of the financial statements.
The financial statements of Ulaanbaatar Urban Services and Ger Areas Development lnvestment Program Tranche 1 (the "Project") have been prepared in compliance with lnternational public Sector Accounting Standards ('IPSAS' s) issued by the lnternational Public Sector Accounting Standards Board ('IPSASB'), corresponding accounting related provisions of Project loan agreement, project administration manual and other accounting related instructions and procedures by the Asian Development Bank. The Management is responsible for ensuring that these financial statements present fairly the state of affairs of the Project as at 31 December 2020 and the statement of financial position, statement of loss and profit, statement of changes in net assets/equity, audited statement of advance account, statement of expenditures, statement of withdrawal applications for the year ended on the date.
The management is obliged to ensure that the financial statements of the project accurately reflect the project's financial position and ensure that the financial statements comply with the requirements described in note 2.
It is the responsibility of the project management to take the necessary measures to save and protect the proceeds and property of the project, to prevent any fraud, and to detect such actions.
Management considers that the financial statements are prepared using appropriate accounting policies that are consistently adhered to and supported by reasonable and prudent judgment and estimates, and are in compliance with applicable accounting standards.
Signed by the decision of the Project Management:
Avirmed.D G
00cuU01?e Mongolia Audit LLC The Globol Advisory ond Accounting Network
INDEPENDENT AUDITOR'S REPORT
To the Ulaanbaatar Urban Services and Ger Areas Development lnvestment program tranche 1
Opinion We have audited the accompanying financial statements of Ulaanbaatar Urban Services and Ger Areas Development lnvestment Program Tranche (the 1 "Project"), which comprise the statement of financial position as at December 31, 2020, and the statements of financial performance, cash flows, advance account, statement of expenditure, statement of withdrawal application and changes in net assets/equity for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information.
ln our opinion, the accompanying financial statements of Project present fairly, in all material respects, the financial position of Project as of December 31, 2020, and its financial performance, cash flows, and changes in net assets/equity for the year then ended in accordance with the lnternational Public Sector Accounting Standards (IPSAS) issued by the lnternational Public Sector Accounting Standards Board (lpSASB).
Basis for Opinion Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with lnternational Standards on Auditing (lSA) issued by the lnternational Auditing and Assurance Standards Board (lMS) of the Federation of Accountants. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Project in accordance with the lnternational Ethics Standards Board for Accountants, Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements, and we have fulfilled other ethical responsibilities in accordance with these requirements and the IESBA code. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our opinion.
Other matters The financial statements of the Ulaanbaatar Urban Services and Ger Areas Development lnvestment program Tranche 1 for the year ended 31 December 2019 were audited by HLB Mongolia Audit LLC auditor whose report dated 12 June 2020, expressed an unqualified opinion on those statements.
Responsibilities of Management and Those Charged with Governance for the Financial Statements Project management is responsible for the preparation and fair presentation of these financial statements in accordance with IPSAS, 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.
www.hlb.globa! suite 607', curvan cal off ice Center, Chinggis Avenue 9fi;4240 Ulaanbaatar, Mongolia Telephone: +976-11-32.6275 Fax: +976-11 326275 E-nrail: [email protected] Web: www.htb.rnn HLB Mongolia Audit LLC is a member of lnternational. A world-widLr network of independent. accounting firms and business advisers Mongolia Au it LLC The Globol Advisory ond Network
TNDEpENDENT AUDTTOR S REPORT (CONTD)
To the Ulaanbaatar Urban Services and Ger Development lnvestment pro€iram Tranche-1 (cont,d) Auditor's Responsibilities for the Audit of the Statements (cont'd)
Our objectives are to obtain reasonable about whether the fin;rncial statemr-.nts as a whole arr-, free from material misstatement, whether due to frauri error and to issue an auditorrs report that includes our opinion. Reasonable assurance !s a high level of but is not a guarantee that an audit conducted in accordance with lSAs will always detect a material misstatement it exists. Misstatements can arise from fraud or error and are considered material il individually or in the they could reasonably be expected to influence the economic decisions of users taken on the basis of these statements. As part of an audit, our responsibilities inclurde the exercise of professional judgment and skepticism and those responsibilities indicated in paragraphs 3g 39 of (revised) tSA 700 posted in lnternational Federation of Accountants website.
HtB MONGOLIA AUDIT LLC
Chinggis Ave 8/1, 14240, 1st khoroo, Sukhbaatar district Ulaanbaatar, Mongolia
Date: 24 May 2021 ULAANBMTAR URBAN SERVICES AND GER DEVETOPMENT INVESTMENT PROGRAM TRANCHE 1 AUDITED STATEMENT OF FINANCIAL POSITION AT 3X DECEMBER 2O2O
Notes 2020 2019 USD ASSETS USD Current asset Cash and cash equivalents 7,727,469 4,94L,073 Receivable
Total current assets 7,727,469 4,941 ,o73 Non-current asset Property, plant and equipment 5s,089 55,57; Construction in progress 89,076,059 75,L97,912 Total non-current assets 89,131,L47 75,237,4U TOTATASSETS 96,959,615 80,179,557
LIABITITIES Short term liabilities Payable 4,254,843 2,817,973 Deferred income 7,338,560 4,606,606 Total short term payable 11,593,403 7,424,579 Long term payable ADB Loan lnterest and commitment charges Total long-term !iablllties TOTAT TIABITITIES 11,593,403 7,424,579
EQUIW Accumulated surplus/deficit For the reporting year t2,57t,234 29,952,051 For the previous year 72,753,918 42,901,927 TOTAT EQUITY 85,265,212 72,753,979 TOTAT NET LiABil.tTtES AND SURPLUS/(DEFtCtTS) 96,859,615 80,t79,557
The accomponying notes form on integrol part oJ, o ud ited li noncial stotem e nt. ULAANBMTAR URBAN SERVICES AND GER DEVETOPMENT INVESTMENT PROGRAM TRANCHE 1
AUDITED STATEMENT OF PROFIT OR LOSS AI\ID COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2O2O
2020 Notes 2019 USD USD REVENUE
Grant fund from ADB Financing from external sources 10 t4,26L,292 79,7110,277 Government contributions 11 4,732,962 6,960,391 Transfers from other government - services in 71 2,382,'797 3,42.8,309 TOTAT REVENUE 21,376,94L 30,169,977
EXPENSES Project management 72 769,286 Operating expenses from GOM financing 13 84,825 69,272 Other operating expenses 74 8,863,424 9,258 TOTAT EXPENSES g,g4g,24g 247,9L7
Other income lnterest income 33,982 Other income 5,863 2,634 Total other income 5,863 36,616
Other gains/losses Gain/Loss on foreign exchange transactions 76,679 (105,725) SURPLUS/DEFIC|T FOR THE PERTOD 72,5LL,234 29,952,05L
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E EE :)= Eg [.EE EE6 Ur SE E Eg :€ i E EEg:ssr:E \ !E: E€E .ot*E P 6 o E 9.: F; E .g d.g E o_ i\ tr glg-1&g o g- U 2E -L9EL E Eg-g# s U sSEo'=Eol-!= AUDITED STATEMENT OF CASH FTOW FOR THE YEAR ENDED 31 DECEMBER 2O2O 2020 Notes 2019 USD USD CASH FTOWS FROM OPERATING ACrIV|TIES Receipts Grant fund from ADB Financing from external sources 6,729,47',6 11,638,73; Financing from operating activities /local budgetary entity/ 81,934 97,362 MUB Financing 4,609,893 3,367,705 lnterest lncome 33,992 Other non-operational income 5,963 2,634 Total recelpts 11,427,166 x.5,134,427 Payments Compensation of employees 779,434 Health and social insurance 33,650 Operating expenses from GOM financing 80,613 85,175 Other payments 7,03,. 2,222 Total payments 87,645 240,497 Net cash flows from operating activities 11,339,521. 14,893,930 CASH FIOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (Clp) 9,091,818r L1,,,147,516 Repayment of interest Net cash flows from lnvesting activlties (9,091,918) (11,447,5761 CASH FLOWS FROM F]NANCING ACTIVITIES Proceeds from borrowings Repayment of interest and commitment charge of borrowings Net cash flows used in financing activities Net increase/(decrease) in cash and cash equivalent 2,247,703 3,446,4L4 Cash and cash equivalent at 1 January 4,94L,073 !,677,967 Effects of exchange rate changes on cash and cash equivalents held in foreign currencies s38,692 (177,308) Cash and cash equivalents at 31 December 7.,727,469 4,941,073 ULAANBAATAR URBAN SERVICES AND GER AREAS DEVELOPMENT INVESTMENT PROGRAM TRANCHE 1 AUDITED STATEMENT OF SOURCES AND USES OF FUNDS FOR THE YEAR ENDED 31 OECEMBER ZO2O /MoNGoLIAN GovERNMENT, ADB LoAN 3099-MoN, INVEsTMENToF MUNrcrpAury oF uI-AANBMTAR, ErB.83o97/ Cumulative as of Cumulatlve as of 3t1r212020 Current year stlt2lzote USD USD USD Sources of funds ADB Loan /3099-MON/ 16,163,154 2,800,868 L3,362,2a6 lnterest and commitment charges /3099-MON / 761,234 249,tOL 512,133 Municipality of Ulaanbaatar's fund 35,076,t40 ?,L15,659 27,960,48L European lnvestment Bank loan 24,tt3,048 5,709,855 18,403,193 Total sources of funds 76,113,516 15,875,483 &,239,@2 Other lncome lnterest income L29,579 t29,579 Bidding income 23,387 5,86; L7,524 Total other lncome 1s2,966 5,863 L47,tO3 Uses of Funds ADB Loan 3099-MON 16,288,159 3,032,209 13,255,960 Works 5,3s9,545 1,913,001 4,446,544 Detailed design and construction supervision 3,L46,944 3,t46,944 Project management and administration 2,656,872 3t05,22:.4 2,351,648 Consulting services 2,499,8r2 5182,66'3 7,917,L49 lnterest and commitment charges 76t,234 2,49,t0t7 512,133 Bank charge 28t 28t Disbursed not but claimed expenditure 863,480 881,260 '17,78:Ll Munlcipallty of Ulaanbaatar Fund 35,078,915 7,!i13,757 27,955,159 Works 3,400,280 3,400,280 Works /Co-financed with MON-3098/ 9,440,620 4,z'.tg,345 5,230,27s Consulting service L2L,510 ?.6,391 95,119 Project management operational support 738,746 81,015 657,73L Bidding expense 22,6L6 6,088 t6,528 Land acquisition and resettlement compensation L4,877,879 4:t5,LL7 14,462,768 On lending agreement interest payment 602,877 602,877 Difference on foreign currency exchange rate 63,282 2,010 6t,272 ln-kind contribution /VAT and custom duties 5,811.,106 2,382,797 exmption/ 3,428,309 European lnvestment Bank 17,442,322 2,42.3,509 15,018,813 Works L7,067,983 3,9417,38i3 13,120,595 Disbursed but not claimed 665,276 (94r5,829) 1,511,105 Difference on foreign currency exchange rate (290,937) (5 713,050) 287,LL3 Total uses of funds 68,809,407 L2,57',9,4711 36,229,933 Sources of Funds Less Uses of Funds 7,457,I35 3,301,872 4,155,263 t2 UI"AANBMTAR URBAN SERVICES AND GER DEVELOPMENT INVESTMENT PROGRAM TRANCHE 1 AUDITED STATEMENT OF SOURCES AND USES FUNDS FOR THE YEAR ENDED 31 DECEMBER 2O2O /ADB LOAN 3098-MON/ Cumulative as of Cumulative as of 3tl72l2O2O Current year 3LlL2|2OL9 USD USD USD Sources of funds ADB Loan 19,933,078 7,456,959 t2,456,t20 lnterest and commitment charges 695,g7g 235,124 450,955 Total sources of funds 20,629,057 7,7L2,092 L2,9t6,975 Other income lnterest income 207,379 207,3L9 Bidding income Total other lncome 207,3L9 207,3L9 Uses of Funds Works 77,783,078 7,476,959 9,706,120 Disbursed but not claimed expenditure 2,693,734 515,453 2,t79,27t lnterest and commitment charges 69s,979 235,t24 460,955 Bank charges 76 74 62 Total uses of funds 20,572,967 8,227,559 12,345,309 Sources of Funds less Uses of Funds 253,509 (515,477!. 778,986 13 UIAANBMTAR URBAN SERVICES AND GER AREAS DEVELOPMENT INVESTMENT PROGRAM TRANCHE 1 AUDITED 5TATEMENT OF SOURCES AND USES OF FUNDS FOR THE YEAR ENDED 31 DECEMBER 2O2O /ADB GRANT o38o-MoN/ Cumulative as of Cumulative as of 3717212020 Current year 3LlLzl20Le USD USD USD Sources of funds ADB Grant 3,698,992 3,698,992 lnterest and commitment charges Total sources of funds 3,6gg,gg2 ---- 3,5egf:1 Other income lnterest income 6,824 6,924 Bidding income Total other income 6,824 6,824 Uses of Funds Works 3,340,510 3,340,510 Eank charges 40 40 Disbursed but not claimed expenditure 358,442 358,442 Total uses offunds 3,5gg,gg2 3,69g,992 Sources of Funds Less Uses of Funds 6,824 6,924 - 74 )s ;sle }8(noth r!\(llqtqx xx xx I x c oi I .! 0, @o AUDITED STATEMENT OF IMPREST FOR THE YEAR ENDED 31 DECEMBER 2O2O IAOB IOAN 3099_MON / 2020 2019 USD USD Part A- Account transactions Beginning balance 568,834 286,477 Add: ADB replenishment L,9tg,62L 901,863 lnterest income Deduct: Works 232,221 Detailed design and construction 49,7g; Project management and 165,583 50,421 Consulting services 449,702 245,460 Goods 154,350 Transferred to sub account 163,802 Bank charge 24 Ending balance 586,5g; 568,834 Part B- Account reconciliation Balance imprest account at the end of 686,599 668,834 Add: Disbursed but not claimed expenditure 842,895 858,411 Sub account balance 46,926 49,155 Bank charges 285 285 Deduct: lnterest income 76,695 76,685 Total advance recorded in lmprest 1,500,000 1,500,000 16 AUDITED STATEMENT OF IMPREST ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2O2O /ADB LOAN -MoN / 2020 20L9 USD USD Part A- Account transactlons Beginning balance 778,986 L,3O9,762 Add: ADB replenishment 460,824- ADB Additional advance lnterest income Deduct: Works 515,463 990,585 Bank charge L4 74 Ending balance 263,509 Part B- Account reconciliation Balance amprest account at the end of the year 263,509 778,986 Add: Works 1,187,686 1,187,685 Disbursed but not claimed expenditure 1,506,049 990,585 Bank charge 76 Deduct: lnterest income 207,3t9 207,319 Total advance recorded in lmprest account 2,750,000 2,750,000 t7 o0 G or st(or/)O,t rc) NHF. 6 rl o $ g.g.qB. 6 E hHF$ E $BR lr') t t o iRiE6 Fr(n g ssas I- sR$ N O N-{.-rN ;JJ or Fl .i (o cl gE o e EI o o >9oo d o ul ct iH lno ()N z tY! $ r{ oo m o ;ES NOr N ;E9 H Jo ro o gr O) .Hg \i r\ (o$ N r{ ln o o EI rl N d o\ o @ o oEg !a or U d c. tJ q, rt sf N gH 5.E @ N E6 N o ut ln lo ES G'=s* fn (no tn 2ElFO ro EO E€ FT !F thE .E: 9'E o- tc rf 2= co tt t 3n G'A ot ct CN to 6'E \ttO (o qq 'E H s. $ !; 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Projectpurpose A Purpose of Ulaanbaatar Urban Services and Ger Areas Development lnvestment program is to support for Master plan Ulaanbaatar of city, improve nessecary services in Ger areas and support development of economic sub-centers. The program outputs Roads - and urban services are expanded within priority subcenters, and connectivity between them is improved - Economic and public services in targeted areas are improved - Service providers become more efficient - lnstitutions and capacity for urban development, program management, and service delivery are strengthened However, the program budget is USD 320,000,000 due to increase of land acquisition and resettlement cost the budget has been adjusted and changed to USD 344,2OO,OOO. lt will be financed by the Asian Development Bank (,,ADB,,), the Urban Environment Infrastructure Fund ("UE|F"), the European lnvestment Bank ("ElB") and the Government of Mongolia' The ADB financing will be provided through a multi-tranche financing facility ("MFF") consisting of a mix of ADB-administered UEIF funds. Budget lncrease/ Budget Source of financing (Updated) Decrease Percentage USD USD U5D Asian Development Bank MFF 163,700,000 163,700,000 47.6% Municipality of Ulaanbaatar 96,000,000 120,200,000 24,200,0OO 34.9% Co-financing 6Cr,300,000 60,300,000 175% Total 320,000,000 344,200,000 24,200,000 L00.0% The Program will be implemented in three projects expected to be implemented over a 9-year period. Project 1: Selbe and Bayankhoshuu sub-centers 2014-2021 Project 2: Dambadarjaa, Denjiin myanga sub-centers 2Ol7-ZOZ} Project 3: Preliminary: Tolgoit and Sharkhad sub-centers ZOlg-2023 The Project 1 will support the implementation of Ulaanbaatar City Master plan in its direction to develop Selbe and Bayankhoshuu sub-centers. These sub-centers that currently reside 200,000 people are given top priority and are planned to be connected to the infrastructure and social economic services for the purpose of making into a center of ger district on the northern part of the city. The first tranche will support implementation - Extend the sewerage network from the city core: collector main (5.1 kilometers [km]) and sewer pipes (2.9 km) - Within subcenters, develop priority roads (15 km), water supply network (18.6 km), sewerage network (20 km), district heating network (21 km), and 5 heating facilities using most suitable state-of-the-art environmentally friendly technologies - Construct social and economic facilities, i.e., two kindergartens, green areas, and small squares; and two business incubators, associated with two vocational training centers - lmprove USUG operations and service delivery efficiency of water supply and wastewater collection 22 Project purpose (cont'd) - Provide institutional and capacity development completion date of the Project was 30, June 2018, but following the MoU made by ADB, Ministry of Finance of Mongolia and Municipality of Ulaanbaatar on 18-25, November 2019, it has been extended until 30, June 2021. 1.2. Financing plan of project 1 The budgeted cost ofthe Project I was USD 1o4,5oo,ooo. The mid-term monitoring and assessment team ofADB has evaluated the project implementation and has decided to change the procurement plan to meet the needs of the Program. The Board of Directors ofthe ADB approved the updated procurement plan of usD 10g,g60,000 on 201g. The key factor of project cost increase from expected were land acquisition and resettlement compensation cost. Budget Midterm Review lncrease/ Source of flnancing Estimates Decrease Percentage USD USD ADB ADB Loan 2:1,500,000 22,500,000 0.0% OCR Loan 27,500,000 27,500,000 0.0% ADB Grant 3,700,000 3,700,000 0.00/o Total 53,700,000 53,700,000 0.0% Municipality of Ulaanbaatar 2it,440,000 33,150,000 10,710,000 47.7% Co-financing 28,380,000 22,010,000 (6,370,000) {.22.4%l Total flnancing 104t,520,000 108,850,000 4,340,000 ADB Loan 3098-MON agreement information Based on the Framework Financing Agreement (FFA) dated 09 December 2013 between Mongolia (borrower) and Asian Development Bank, the Borrower requested periodic financing for the Project 1 and the Ordinary Operations Loan Agreement made between the Borrower and ADB dated on 30th June 2014. Budget Percentage USD Heat distribution networks 8,700,000 37.6% Other (excluding works heat distribution network) 77,200,0OO 62.6yo lnterest and commitment charge 1,600,000 5.8v Total financing 27,500,000 L00.0% ADB Loan 3099-MON agreement information Based on the FFA dated 09th December 2013 between Mongolia (borrower) and ADB, the ADB agreed to lend to the Borrower from ADB's Special Fund resources an amount in various currencies equivalent to Special Drawing Rights (SDR) USD 22,500,000 to provide a multi tranche financing facility to the Borrower for the purpose of financing the program. Budget Percentage USD Works 9,456,746 42.lYo Detailed design and construction supervision 3,713,392 16.5% Project management support and admin 4,332,279 t9.3Yo Consulting services 3,869,105 17.2% lnterest and commitment charge 1,t29,487 5.OYo Total financing 22,500,000 23 1.2. Financing plan of project I (cont,d) ADB Grant 0380-MON agreement information on 30 June 2014' Grant agreement made between ADB and Mongolia (recipient) based on the Framework Financing Agreement dated og December 2013. ADB agreed to make an available to the Recipient a grant from the UEIF in the amount of usD 3'700,000' Under the Project 1, the construction and all related costs of the Ulaanbaatar water supply Authority, including bank charges, transportation and insurance costs will be financed under this Grant. lt will improve the central wastewater treatment plant and drinking water supply network, improve local control and central operational control systems (scADA), improve water pumping system, implement a domestic and industrial water metering program, and install remote controlled flow-meters for nonrevenue water management. Budget Percentage USD Works 3,700,000 700.0% Government of Mongolla financing The Government of Mongolia is responsible for the land acquisition and resettlement cost financing in accordance with ADB's Land Acquisition and Resettlement Policy, ADB policy principles safeguard and in the frame of the General Financing Agreement, related costs shall be bc,rne by the Governor office of the capital city state budget. Budget Percentage USD Works 22,090,000 66.6% Land acquisition and resettlement compensation 2,780,000 8.4% ln-kind contribution /VAT and custom duties exmption/ 8,280,000 25.0% Total financing 33,150,000 L00.0% European lnvestment Bank financing European lnvestment Bank is to provide parallel collaborative co-financing (not administered by ADB) for water supply and sanitation up to USD OO,3OO,OOO for the program. Budget Percentage USD Works 22,0t0,000 100.0% Project 1 lnvestment plan Items Budget Percentage USD Works Roads and associated infrastructure 28,930,000 26.6% Water supply and sewerage including flood protection 25,700,000 23.6Yo Heating services 30,140,000 27.7To More efficient service providers 3,700,000 3.4Yo lmproved economic and public services 5,000,000 4.6% lnstitutional strengthening and capacity development 4,000,000 3.6% Total works 97,470,000 89.5% Contingencies 7,390,000 6.8% Financial charges during implementation 4,000,000 3.7% Total 108,850,000 L00.0% 24 1.3. Project component Bayankhoshuu sub-center Kindergarten of 240 children and vocational ' rraning center with complete equipment, 6.3 km of main sewerage line, 9'97 km of flood protection canal, 3.3 km of heating line extension, 4.65 ha area of landscaping 1 pool with 1000m3 capacity 4'9 km out of 6'5 km of roads, 12.8 km ' out of 14 km of heating network, 9.3 km out of 10.9 km of water supply networks, 15.5 km out of 1G.6 km of sewerage networks have been completed. Selbe sub-center Kindergarten of 240 children and ' vocational Traning center with complete equipment, G.3 km of main sewerage line, 2'4 km of flood protection canal, 3.01 ha area of landscaping, 1000 m3 reservoir, t m, 24m , 30 m and G0 m long bridges were built. 5'4 km out of 6'5 km of roads, 8'4 km ' out of 8.7 km of heating networks, 3.8 km out of 4 km of water supply networks,8'3 km of sewerage networks out of 9.3 km and a 26 MW power plant have been completed byTg%. Completion of Project 1 by components: - Expansion of road and basic city services: S 71.2 million, 79.Oo/o - Construction of social and economic facilities: S 9.5 million, 91.9% - strengthen the management of service providers: g 4.2 miilion, 100% - lnstitutional and capacity development: S A.g million, 96.9%, - Land acquisition and resettlement: S 16.6 million,99.2% Under the Project 1, the construction of Bayankhoshuu and Selbe sub-centers will be completed in 2l:zL,and the overall progress is 89.02%. Output 1. Expansion of road and UB communlty service The goal of this component is to initiate a change in the urban space by expanding the basic road and urban infrastructure (water services supply, sewerage, heating) in the sub-centers and improving the connections between them' 23 work contracts has been signed to be financed and monitored the implementation of the construction work. The construction process for this component is shown in the following table; N9 Package Work Progress rate 1 I]HFO6 Heating network connection to Bayankhoshuu sub-center 700.0% Roads, heating netvuork, and associated 2 BRDHl]. infrastructure in 74.7% Bayankhoshuu sub-center (phase 1) Roads, heating netvrork, 3 BRDH and associated infrastructure in 14I 75.4% Bayankhoshuu subrcenter (phase 2) Electricity and telecrlmmunication 4 BEC13 network in Bayankhoshuu sub-r:enter 89.0% 5 SBROS Three bridges in Selloe sub-center 97.6% Design, Supply and lnstallation plant 6 SHFO6 of Heating in Selbe sub-center 78.0% Roads, heating net\ fork, and 7 SRDH11 associated infrastructure in Selbe sub-center (Phase 1) 86.5% Roads, heating network, and associated infrastructure in 8 SRDH14 7L.t% Selbe sub-center (phase 1) Electricity and telecommunication 9 sEc13 network in Selbe sub- center 92.0% 25 N9 Piackage Work Progress rate 10 BCMl Sewerage collector gayankhoshuu main in sub_center t00.0% Works of 11 BCM2 sewage collector main in Bayankhoshuu sub_ center too.o% t2 scM Sewage collectgr nnain in Selbe subi:enter LOo.O% Flood protection 13 BSDFOT Lotl and embantr"nt 1.ornUin"a forirtr6rts and embankment) Bayankhoshuu sub-center LOO.O% Rehabilitation t4 wsNRtlTC of sr:werage network from school J.4 to the central collector on the main road too.o% 15 WWTPROl Rehabilitation of Central Wastewater Treatment plant 700.0% Construction of water 16 BSWRl.0 Lot2 reservoirs anA suf ptylfes in SJUe sub-center \00.00/o Flood protection and embankment (combined 1,7 BSDF0,z Lot2 for culverts and embankment) Selbe sub-center 700.09,o Water Supply and Sewage pipes 18 BSPE in Bayankhoshuu and Selbe sub-centers 100.0% Design, Supply and lnstallation of Water zuppt,7, sewig; hot 19 WSC16A water and heating rCistribution network connections in 863% Bayankhoshuu sub-center Construction of water 20 BSWR10 Lotl reservoirs and supply pipes in Bayankhoshuu sub-center 92.8o1: Construction of Flood protection 2t BSDFOT'B embankment in Bayankhoshuu subcenter 75.80/o Extension of waste\,vater collector main from100 ail areas to 22 WSNRlTA Bayanburd and Extr-'nsion of water supply main from North 32.701, East water reservoir to the Tasgan reservoir Extension of water supply main to Tasgan water reservoir to 23 ,WSNR17B Western area water reservoir 57.80/o 7054tvt Outpit 2. Construction of Social facilities The goal of this component is to increase access to community services by investing in social and economic facilities that meet the needs of population, the enhance the function and importance of the city, and create jobs. Under the outpit 2, 12 contracts has been signed to be financed and monitored the implementation of the construction work as followed: Ng Package Work Axaurx naq 1 BSF05 Lotl Construction of Kindergarten with capacity of Z4e children 100.0% Business lncubator \y'ocational Training 2 BSF05 Lot2 Center in Bayankhoshuu sub-r:enter too.o% 3 SSF05 Lotl Construction of Kinclergarten with capacity of 240 children 100.0% Business lncubator Vocational Training Center in 4 SiSFOS Lot2 Bayankhoshuu sub-center 100.0% 5 BFKA Bayankhoshuu kindr:rgarten - furniture and equipment !00.0o/o 6 BEF Bayankhoshuu business incubator - furniture and equipment too.o% 26 Selbe kindergarten - furniture and equipment Selbe business incubator- furniture and equipment Bayankhoshuu Landscaping, 4.65 hectar Affordable Housing pilot project Fencing the vacated area, 1500m Outpit 3. Strengthening management of service providers The goal of this component is to improve the efficiency of service providers by improving water supply, sewerage, and heat supply services. Under ADB grant, contract amounted S 3,370 million was signed with partner of Comfort lmpex LLC and Hunan Shanyu LLC to improve Water management authority (WMA) operations. Monitored the implementation of the contract and handed it over to the end-user organization. The grant subproject planned is to establish an integrated management scADA system at WMA, improve operating procedures by detecting water leaks by upgrading the necessary equipment, reduce water and energy costs, and reduce operating costs, This includes: ' Upgraded the equipment of Factory area, Meat factory area, Central and Gachuurt pump stations ' Completely refurbished 16 pumps in the deep well of 1 lift pump station at the Factory area pump station 4 pumps ' and 2 kV frequency converters of 2 elevators of the central pumping station were built and put into operation together with the building lnstallation ' and commissioning of integrated management software with SKADA system and water leak detection system installed at WMA control center, which constructed 30 distribution control wells and 40 metering wells. . A total of 39.7 thousand m long fiber optlc cable was installed ' Installation of frequency converter for 5kV 75OkW electric motor from central source, which makes it possible to control 3 pump motors Outpit 4. Development of instutitions and capacity building, The project will be implemented through three main activities: procurement, land acquisition, and construction, and is planned to have 5 types of consulting services to support the implementation of the project. This includes: - Detailed engineering design; - Project management support; - lmproving urban planning and sub-center development; - Community engagement and SME's development; - lmprove the operation of community service providers Service contracts for 5 types of consulting has been signed. 4 consulting services have been implemented and recommendation for the lnterim Report on Consulting Services to improve the operation of community service providers is expected to be submitted, 27 1.4. Remarkable chalrenges and issues for the project implementation: ln connection with the implementation of Resolution #64 of the Government of Mongolia on the prevention of the spread of coronavirus infection (covlD-19) and the protection of public health, the state special commission, the capital city special commission and the capital city Governor's decrees and other resolutions in 2020 has affected the performance of planned activities. - Complete cessation of all construction and public activities in accordance with the Resolution No. 17g of the Government of Mongolia dated No'vember 11, 2020 "on transfer to the level of public readiness,,, which slowed down the implementation of construction works Due to the global coronavirus infection (Kovid-19) and the country's economic difficulties, the MUB,s 2020 budget revenue shortfall has made it impossible to provide funding for the project in a timely manner. Major specialists and management of foreign contractors are not able to visit Mongolia (T2-cso2 and T2-cs05 agreements) Due to the cessation of imported goods and domestic production of materials, there is a risk that construction work will not be completed on time under the 14 contracts. Repeated curfews make it impossible to complete construction on time 1.5. Project Steering Committee /project Steering Unit/ According to the Resolution A/586 of UB Mayor dated 14 June 2019 project steering committee was renewed. No Composition 1 Chairman of the Project Steering Corrittu, Member 2 of the Project Steering committee Project Leader in charge of Municipal Urban Development 3 Member of the Project Steering Committee Head of the Development Finance Department of the Ministry of Finance Member 4 of the Project steering Committee Senior specialist in charge of heating supply policy and planning At centrar heating of the policy and pranning Depaftment of the Ministry of Energy Member of 5 the Project Steering committee Head of the clean technology, investment and production department of the Ministry of Nature, Environment and Tourism 6 Member of the Project Steering committee Head of the Policy and Planning Department of the Ministry of Road and Transport Development Member of the 7 Project steering committee Senior specialist of production of the Ministry of Education, culture, Science and Sports Member 8 of the Project steering Committee Head of the Policy lmplementation coordination Department of the Ministry of Labor and Social Welfare 9 Member of the Project Steering Committee Head of Development policy planning and Department of the Capital City Governor,s Office 10 Member of the Project Steering committee Head of Project and program control, regulatory department of the Capital City Governor,s Office Member 11 of the Project steering committee Head of monitoring and evaluation department of the Capital City 6overnor's Office 72 Member of the Project Steering Committee Head of Finance and Treasury department of the Capital City Governor,s Office Member 13 of the Project Steering Committee Head of Urban Development department of the Capital City Governor,s Office 74 Member of the Project Steering Committee Head of Land management department of the Capital City Governor,s Office 15 Member of the Project Steering Committee Head of housing infrastructure of the capital City Governor,s Office 16 Secretary of the Steering Committee Project Coordinator of project management office 28 1.5. Project tmplementation Unit (plU) PMU manages daily activity of the Project and engages with the relevant authorities and makes a better coordination with ADB' Ministry c'f Finance, Ministry of construction and Urban Delvelopment, Municripality of ulaanbaatar and the Project Consultants on behalf of the owner. The Plu structure was approved by the orderr of the Minister of Finance on August 24,2o2owith 27 employees, but during the reporting period, Plu operated with 26 staff members and is implementing relevant activities within its scope. 2. Accounting policies 2.1. Statement of compliance l, Composition The project's financial statement composes of the following components: 1. Statement of Financial position 2. Statement of Loss and profit 3. Statement of Changes in net assets/erquity 4. Statement of Cash flows 5. Statement of Sources and uses of furrd 6. Statement of Budgeted vs Actual expenditure 7. Statement of lmprest account 8. Statement of Expenditures ll. Bosis ol preparation Project financial statement has been prepared in compliance with the International public SectorAccounting Standards, according to project the Administration Manual by, the Asian Development Bank and finance and accounting related provisions of the Loan agreement. lll. Reporting currency Reporting currency is USD. Currency balance other than USD should be recoroed at annual closing rate of Mongol Bank. MNT incurred transactions should be converted into USD. Transactions which have been made to replenish operating account should be recorded by transaction exchange rate until replenishment closing date. Currency exchange loss and income should be reflected in staterment of sources and expenditure. lV. Presentotion Account balance should presented be by cumulative amount from the period beginning lst January 2020 to 31 December 2020 in Project financial statement. V. Stqtement review orgonizotion Asian Development Bank, Ministry of Finance, National Audit Office Vl. RegistrotionlnformotionSystem ,,Smart Accounting not recorded and reported in financial software, but recorded and reported in accounting,, program. 29 vil. Cash and cash equivalents cash and cash equivalents comprise cash on hand and cash at bank, whir:h are, readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. [:or thr-' purpose of the statement of cash flow, cash and cash equivalents r;c)n5151 of cash in imprest account, sub-account and state treasury fund. vill. Property, plont ond equipment Property, plant and equipment are:;tated at initlal cost. Assets nesidual value, useful life and depreciatlon method is used every single reporting; period to ensure asset's economic b(3nefit that estimated and inspected prior is remained and efficient in the future salvage. Depreciation on assets is charged on a straight-line basis over the useful life of the asset. tx. Liobilities Liabilities are classified as current and non-current and recognized as current if paid in business same cycle, paid within 12 months. Other liabilities are considered as non-current. x. Revenue lnterest inconne from the imprest account and other income from project activities are recorded on an accrual basis. xt. Expense recognition Expenses are recognized as per matching principle and recorded on an accrual ba:;is. xil. Toxes exemption The Program is exempt from all taxations based on the Loan agreement rnade between the Government of Mongolia and Asian Development Bank. xilt. lmprest occount USD L il. Procurement ol Goods ond Works All procurement goods of and works have been undertaken in accordance with ADB's procurement Guidelines. procurement D-^-..___^_. methods and_threshold Procurement National Competitive Shopping lnternational Competitive Biddinc /NCB/ Biddinc /lCB/ Goods contract up to USD 99,,999.0 between USD 100,000.0 USD 2,OOO,OOO.0 and above and USD 1,999,999.0 Works contact up to USD 99,999.00 between USD 100,000.0 USD 5,000,000.0 and above and USD 4,999,999.0 NCBprocurementhavebeencarriedoutinaccordancewiththeMongoliaP]@ modifications agreed with ADB. Before the start of any procurement ADB and the Government will review the public procurement laws of the Government to ensure consistency with ADB's Procurement Guidelines. The selection and engagement of contractors will be subject to ADB's prior review and approval. 30 ll. Procurement ol Goods ond Works (cont d,l Any internationally tendered packages equipment will include the necessary technical support for ensuring proper installation, testing, commissioning, and training of operational staff as part of the related contracts. ln accordance with ADB requirements, foreign contractors may participate in bidding for NCB contracts. The Government Procurement Agency (GPA) will support the procurement activities in coordination with the executing agency. Selection of Consultlng services All consultants will be recruited according to ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). The terms of ref'erence for all consulting services are detailed in project Administration Manual. The relevant sections of ADB's Anticorruption Policy (1998, as amended from time to time) will be included in all documents and contracits relating to the engagement of consultants. consultants will be selected and engaged using ADB's quality and cost-based selection procedure. consultants will be engaged using eCBS with the standard ratio of 80:20 and individual selection methods. Recruitment Method Consulting firms Quality-and-Cost Based Selection (eCBS) Qua lity-Based Selection (QBS) Single Source Selection (SSS) lndividual Consultant lndividual Consultant Selection (lCS) 3. Cash and cash equivalents 2020 2019 USD USD lmprest bank account 3098-MON :263,509 '778,996 lmprest bank account 3099-MON tt86,589 668,834 Sub bank account 3099-MON 46,926 49,155 lmprest bank account 0380-MON 6,824 6,824 lmprest bank account EIB 83097 6,,723,620 3,437,274 Sub bank account EIB 83097 State Treasury account Total 7,727,469 4,94L,O73 PMUhasopenedanaccounts3o98-MoN,3o99-MoN,GTfi;6x.-il;a;i;d,,b...offi EIB at State bank following ADB approval. Special account receives repleshinment and project financing. pMU general expenses, investment, land vacate and relocation cost are paid from the account at State Treasure. 4. Payable 2020 20t9 USD USD Trade payable 4,254,843 2,817,973 Proiect payment due such as contract and consultan.y r"r[EE" u* rr.r o"* conr".ted-lil6lifillTirEliJ recorded accordingly. 31 5. Deferred income 2020 2019 USD USD 56,234 571,712 ADB LoanLedil 3099-MON)v:ry-tvt(Jt\ ^uo 670,4276101427 592,646 ADB Grant 0380-MONO38O-MON EIB 83097 6,671,899.r, ooi 3,442,248 Total ^ 7,398,550 4,506,505 Upfrontincomehasbeenacceptedtoberecorded,'ilffiffiEEendoftheffi;ffi Property, plant and equipment Furniture Computer and 'Vehicles fixtures peripherals - Total USD - USD USD USD Cost As at 1 January 2020 58,032 31,354 34,5L2 129,899 Addition 6,155 6,155 Disposal As at 31 December 2020 58,032 37,354 40,569 136,054 Accumulated depreciation As at 1 January 2020 24,I02 75,773 34,5L2- 74,327 Charge for the year 4,O45 2,594 6,639 Disposal As at 31 December 2020 28,L47 18,306 34,572 80,965 Net carrying value 29,895 19,049 6,155 55,089 Cost As at 1 January 2019 58,032 37,354_ 34,sL2 129,899 Addition Disposal - As at 31 December 2019 58,032 37,354 34,s72 129,899 Accumulated depreciatlon As at 1 January 2019 t9,829 72,972 34,5L2 67,312 Charge for the year 4,274 2,740 7,075_ Disposal As at 31 December 2019 24,1,02 1,5,7L3 34,572 74,327 Net carrying value 33,931 27,642 55,572 Revaluation of $6,155 for assets with "0" has been recorded as an addition to the Computers & peripherals for the reporting period. 32 7. Construction in progress Land Consulting acquisition Works service support Total resettlement usD USD USD Cost As at 1 January 2020 45,661,131 7,729,91,6 4,068,847 |t,722,0t8 75,L87,912 Addition 14,130,629 20,480 (2s6,961) 13,894,147 3098-MON 10,320,708 10,320,708 3099-MON 50,735 50,735 0380-MON Grant EIB t,77L,638 20,480 7,792,Ltg MUB (2s6,e61) (2s6,961) Government ln-kind ,,ror,ooi t,907,447 contribution lnterest and 80,105.74 20,480 80,106 commitment charge On-lending interest Disposal As at 31 December 2020 39,791,759 7,750,396 4,068,947 17,465,056 89,076,058 Cost As at 1 January 2019 L9,776,649 6,742,773 4,068,847 14,199,801 44,788,O70 Addition 25,884,482 987,L43 3,522,2L6- 30,393,841 3098-MON 10,055,430 10,055,420 3099-MON 2,913,061 799,459 3,7t2,520 0380-MON Grant EIB 4,790,379 L87,684 4,978,063 MUB 3,346,8L2 3,522,216 6,869,029 Government ln-kind 4,387,086 contribution 4,387,086 lnterest and 391,724 commitment charge 39L,724 On-lending interest Disposal As at 31 December 2019 45,66L,Lir_L 7,729,916 4,068,847 17,722,019 75,L8L,9L2 8. Flnance income 2020 2019 USD USD lnterest income on USD bank accounts lnterest income on EUR bank accounts 33,982 lnterest income on MNT bank accounts Total 33,982 lnterest rate income includes interest accrued from the special account for euro. 33 9. Other lncome 2020 20t9 USD USD Tender material 5,863 2,634 lncome from sale of bidding documents on .onrrttrn.ffiffiiffiTb-ru, .nd prr.f,iffil6fi'I]ffiin recorded accordingly. 10. Financing from external sources 2020 2019 USD USD 3098-MON 8,227,545 8,66s,323 3099-MON 3,032,778 4,340,372 ErB 83097 3,001,559 6,774,582 Total L4,261,292 L9,780,277 lnterestrateandfeesacceptedbyADB:3o99-MoN,3o9?ilmG,b""n,".offi 11. Governmentcontributions 2020 20L9 USD USD Operating expenses from GOM financing 181,015 97,362 Land acquisition resettlement cost - MUB land agency ,t!1,954 3,490,430 Land acquisition resettlement cost - MUB 3',t3,r57 Land acquisition resettlement support cost ,;16,391 47,796 MUB- co-funding 4,2')10,345 3,346,972 ln-kind contribution /VAT and custom duties exmption/ 2,382,V97 3,428,309 Total 7,115,659 10,388,700 operatingexpensesfundedbyUBMayorsofficeis.pp,o,"ffiffiffivacateand,"toffia from UB Mayors office budget and contract payment of ADB 3098-MoN is funded by jointly UB Mayors office and ADB. 12, Project management 2020 2019 USD USD Salary and wage 169,286 salarv fund of e1&2 of 2019 inctudes in the cost of rr.nffiiiliE]T6zo. 13, Operating expense from GOM financing 2020 2019 USD USD Health and social insurance t8,421 Rental expenses 51,331 32,721 Stationary t,984 2,633 34 2020 2019 USD USD Fuel and transportation costs 4,397 Telephone, post and internet expenses 2,44g Zigs Meeting expenses 446 676 Outside consultant services and fees 666 520 External audit fees 8,67g 7,509 MUB budget surplus/deficit 1 Total Total g4,g2s 69,272 operatingexpensesareclassifiedtorental,,t,tion.,y,ffition,t"t"pnffig expenses, outside consultant services and external audit fees. Expenditure is not allowed to exceed the budget. Budget surplus is returned to the State hudget by law and recorded as budget savings for Government. 14. Other operating expenses 2020 2019 USD USD Bank, financial organization bank charge 25 30 Tender expense 6,088 2,214_ Asset transferred expense 8,856,929 Depreciation and amortization expense 483 7,0t5 Total 8,863,424 9,258 15. Procurement Package Contract award Budget Date of Number General Description amount usD usD approval Works Heating network connection to Ba BHFO6 3,600,000 3,673,7L9 2018.03.09 Roads, heating network, and associated BRDH11 infrastructure in Bayankhoshuu sub-center 6,977,000 6,444,013 2019.02.15 Roads, heating network, and a:;sociated BRDH14 infrastructure in Bayankhoshuu sub-center 6,655,000 9,!83,120 20L8.09.t7 BSFO5 t,3L2,152 20t7.09,22 Lot2 in Bayankhoshuu sub-center 2,678,O00 BSFO5 Lotl t,057,022 2077.09.79 BSLSOg Lotl 1,337,000 7,727,204 20L9.08.02 BSLSOg Landscaping in Selbe sub-center 1,167,000 Lot2 855,300 2019.03.25 35 Supplying equipment, furniture to Business 100,000 72,929 2019.0s.16 incubator, vocational training centre Furniture and equipment supply for BFKA 50,000 Bayankhoshuu kindergarten 61,405 2018.Lt.26 Electricity and telecommunication network in BEC13 2,518,000 Bayankhoshuu sub-center 2,!5L,473 2018.10.29 Construction of experimental design for PPOl.SW lncome-compatible housing & urban renewal 843,000 847,07L 2020.08.21 project in Bayankhoshuu sub-center SBRO8 Three bridges in Selbe sub-Center 1,640,000 t,245,379 2018.10.12 Design, Supply and lnstallation of Heating plant SHFO6 7,959,000 6,7L0,53t 20t7.07 .L7 in Selbe sub-center Roads, heating network, and associated 5RDH11 8,057,000 7,169,244 2018,10.17 infrastructure in Selbe sub-center (Phase 1) Roads, heating network, and associated SRDH14 6,984,000 6,406,74t 2077.1t.09 infrastructure in Selbe sub-center (Phase 2) SSF05 LotL Kindergarten in Selbe sub-center 7,064,568 20L9,Ot.t7 Business lncubator Vocational Training Center 2,644,000 SSF05 Lot2 l,2gg,4gg 2079"0L.17 in Selbe sub-center Electricity and telecommunication network in SEC13 2,000,000 1,899,962 2019 02.13 Selbe sub-center Design, Engineering, Supply and lnstallation of Pump Equiments, SCADA System Rehabilitation WWOI 3,700,000 3,370,000 2016.10.03 and Commissioning of Pumping Stations Water and Wastewater Treatments Plants Sewage collector main in Bayankhoshuu sub- BCM 1 L,440,577 1,440,577 2016.05,15 center Works of sewage collector ma in in BCM 2 1,170,000 1,031,009 2015.08.29 Bayankhoshuu sub-center Flood protection and embankrnent (combined BSDFOT for culverts and embankment) Bayankhoshuu Lotl 589,998 2017.11.2L sub-center 1,719,000 Flood protection and embankrnent (combined BSDFOT for culverts and embankment) Selbe sub- 940,651 2017.77.21 Lot2 center Construction of Flood protecti()n embankment BSDFOTB 2,86Ii,600 2,343,342 2019.08.20 in Bayankhoshuu sub-center Water Supply and Sewage Pipes in BSPE 1,83I,000 1,937,L57 2077.72,7t Bayankhoshuu and Selbe subrenters (Phase 1) BSWRlO Construction of water reservoirs and supply 2,203,932 2077.L2.05 Lotl pipes in Bayankhoshuu sub-center 4,42',;L,OOO BSWRlO Construction of water reservoirs and supply r,344,759 2018.03.23 Lot2 pipes in Selbe sub-center scM03 Sewage collector main in Selber sub-center 1,048,407 t,048,407 2016.05.15 Design, Supply and lnstallation of Water wsc15A 2,000,000 L,846,899 2019.07.24 supply, sewage, hot water and heating 36 distribution network connections in Bayankhoshuu sub-center Extension of wastewater collector main from 100 ail areas to Bayanburd and Extension of WSNR'TA 3'o9O'417 2'858'482 2018'01'23 water supply main from North East water reservoir to Tasgan water Extension of water supply main to Tasgan wsNRlTB water reservior to western area water 2,633,333 2,g7o,g3g 201g.04.11 reservoir Rehabilltation of sewerage network from WSNR1TC school 14 to the central collector on the main 230,833 236,1gg ZOLT.LO.ll road wwTPRolRehabilitation of Central Wastewater Treatment PlantD'^^r 3'187'5OO 3,035,087 2077,09.74 Consulting service -.. /^.^^ Detailed Engineering, Tendering and L)r/Lluu' ...-^-..,^,^- 4,L97,700 4,024,24L 201,5.05.02 Construction,.^ Supervision, Consulting^_-.--..,r:__.- Services - ! cs2/csPM Program Management support 1,250,000 1,196,033 2015.08.17 Community Engagement and limall and CS3/CSCE Medium Enterprises Developnrent Consulting TO|I,OOO 699,936 2015.07.03 ' Services t-..^ lmproved Urban Planning and Subcenter L5z+/Li5u^.a 800,000 799,990 2015.09.09 ' Development-! Consulting-^--..,!:__ Services lcsl-g lnternational-3, National-6 corrsultants 162,000 159,567 2015.09.10 pp01-DD Detailed design and construction supervision of 70'000 69'520 2019'02'15 Affordable housing Pilot - Detailed designs of extension of existing cs-BHFo5A 65,000 55,091 2018.06.15 heating network..1^-,,- Feasibility Study for Selbe Hearting Plant and CSDS Detailed Design of External Connections for 158,200 150,763 ZOL8.L2.2O Bayankhoshuu and Selbe Social Facilities Desogn Author Supervision Consultancy LsuA 900,000 899,998 2019.07.05 Services lmproved Operations and Managmnet of csol service Providers and lnstitutional and 500,000 43g,5og 2olg.L2.zo Regulatory Reform CS- Consulting service contract for engineerine " 3t'325 22'595 2oL9'oL'2L BSDFoTB design and supervision Consulting service contract for engineering cs-GWD " 18,020 24,848 2019.01.21 design and supervision_.._ --,_,_ . Construction of Affordable Housing pilot PPOI-SW -,, 530,000 Project in Selbe Subcenter-, .- Equipment and Furniture for Sr-'lbe Busines srF 10(),000 103,426 2020.06.26 lncubator and Vocationa Training Center Furniture and Kitchen appliances for Selbe SEFKA 50,OOO s0,933 kinderga rten 37 Construction site cleaning SCBA 60,000 Bayankhoshuu sub-center Supply of heavy machinery for power SHPM plant 259,700 Supply of office equipment for power SHPOF plant 85,100 Supply of vehicles for Selbe SHPOV plant 74,300 Supply of labor protection and tools 165,600 for operation of Selbe power Contract for temporary fencinrg the TFBA 73,200 construction site in sub-center 16. Events afterthe reporting period ln connection with the lmplementation of #64 of the Government of Mongolia on the prevention of the spread of coronavirus infection (COVID-19) the protection of public health, the State Special Commission, the Capital Clty Special Commission and the City Governor's decrees and other resolutions in2020 has affected the performance of planned activities and likely to continue to be affected, 17. Mongoliantranslation The financial statements are also in the Mongolian language. ln the event of discrepancies contradictions between the English version the Mongolian version, the English version will prevail. 38