SRB & Associates Chartered Accountant

ORISSA STATE DISASTER MANAGEMENT AUTHORITY >Bhubaneswar

Statutory Audit of ODRP for the year 2015-16

SRB & ASSOCIATESCHARTERED ACCOUNTANTS

5*h Floor, IDCO Tower, Janapath9Bhubaneswar-751 022.

Phone: 2541043/2545891Fax:91-674-2546414

E-Mai: srbbbsr@gmail.com

SRB & Associates Chartered Accountant

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5TH FLOOR. IDCO TOWER, JAN APATH, NEW DELH - 011-51601983BHUBANESWAR - 751 022, ODISHATEL :0674 - 2541043, 2545880 KOLKATA 033-30930975

CHARTERED ACCOUNTANTS FAX 91- 674 - 2546414Email srbbbsr@rediffmail.corn SECUNDERABAD - 040-27510739

Date: 24.01.2017

To

The Managing Director,Orissa State Disaster Management Authority,Rajiv Bhawan,Bhubaneswar.

Sub: Management Letter of Odisha Disaster Recovery Project (ODRP)

Sir,

1) Fixed Assets Register has not been maintained properly. Physical verification of Fixed

Assets has not been done on regular basis.

2) Separate ID number should be given to the assets procured under ODRP.

3) Interest on Fixed Deposit of ODRP fund has not been recorded in ODRP books of

accounts. The same has been transferred to OSDMA account.

4) There is. a difference to the tune of Rs.1.04 Millions in other receipts between audited

financial statement and Utilization Certificate. The less receipt shown in. U.C. may be

rectified.

Thanking you,

Yours faithfully,

For SRB & AssociatesChartered AccountantsF.R.N:310009E

anjeet PatraPartnerM. No.056121

I 5THFLOOR DCO TOWER, JANAPATH, VEWDELH -0SR U &Ascit es BHUBANESWAR-751022,OOiSHATEL : 0674 - 2541043, 2545880 KO'KATA - 033-30930975

CHARTERED ACCOUNTANTS FAX 91- 674 - 2546414Email srbbbsr@rediffmail.com SECUNDERABAD - 040-27510739

INDPENDENT AUDITOR'S REPORT

To

The Members

ORISSA STATE DISASTER MANAGEMENT AUTHORITY

Report on the Financial Statements

We were engaged to audit the accompanying Project Financial Statements of ODISHA DISASTER

RECOVERY PROJECT(ODRP) which comprise the Balance Sheet, as at March 31, 2016 and

Statement of Income and Expenditure and Statement of Receipt and Payment for the year ended on

that date, implemented through ORISSA STATE DISASTER MANAGEMENT AUTHORITY( "The

Society") vide letter no.5160/OSDMA dated 07.11.2016.

Management's Responsibility for the Project Financial Statements

Management is responsible for the preparation of the Project Financial Statements that give a true and

fair view of the financial position, financial performance of the Project in accordance with the

Accounting Standard prescribed by Institute of Chartered Accountants of India with due regard to the

regulation and standard of audit of the Comptroller and Auditor General of India and will include such

tests and controls as the auditor considers necessary under the circumstancesand the guide lines

contained in the financial management manual for ODRP issued by World Bank. Those standards

require that we plan and perform the audit to obtain reasonable assurance as to whether the financial

statements are free of material mis-statement(s). Our audit includes examining, on test basis, evidence

supporting the amounts and disclosures in the Financial Statements. Our audit also includes assessing

the accounting principles used and significant estimates made by the management, as well as

evaluating the overall financial statements / presentations. We believe that our audit provides a

reasonable basis for our opinion. However, special attention was paid to the following:

All funds provided by the Government of Odisha with World Bank assistance have been used

in accordance with the conditions of the relevant agreement and only for the purposes for

which financing was provided.

S~ hubanes,3Fr ,

5TH FLOOR, IDCO TOWER, JANAPATH, NEW DELHI - 011-51601983

Ass ocit BHUBANESWAR - 751 022, ODISHATE: 0674 - 2541043. 2545880 KOLKATA - 033-30930975

CHARTERED. ACCOUNTANTS FAX 9t- 674 - 2546414Email srbbbsr@rediffmait.com SECUNDERABAD - 040-27510739

* Project Financial Statements are prepared on cash basis.

* Proper audit trail providing linkages between the Books of Accounts and reports presented to

the World Bank exists.

* The Project Accounts have been prepared in accordance with the Accounting Standards and

Policies and give a true and fair view of the financial position of ODRP.

Auditor's Responsibility

Our responsibility is to express an opinion on these Project Financial Statements based on our audit.

We conducted our audit in accordance with the Standards on Auditing issued by, the Institute of

Chartered Accountants of India. Those Standards require that we comply with ethical requirements

and plan and perform the audit to obtain reasonable,aIssurance 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 Project Financial Statements. The procedures selected depend on the Auditor's judgment

including the assessment of the risks of material misstatement of the Project Financial Statements,

whether due to fraud or error. In making those risk assessments, the auditor considers Internal Control

relevant to the Society's preparation and fair presentation of the Project Financial Statements in order

to design audit procedures that are appropriate in the circumstances. An audit also -includes evaluating

the appropriateness of policies used and the reasonableness of the accounting estimates made by

management, as well as evaluating the overall presentation of the Project Financial Statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for

our qualified audit opinion.

Basis for Qualified Opinion

1. There is a difference to the tune of Rs.1.04 million in other receipts between audited financial

statement and Utilization Certificate. The less receipt shown in U.C. may be rectified.

2. Physical verification of the asset has not been carried out.

3. No identification number mentioned on the asset.

B hubaneswaJ-

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Opinion

1. We have obtained all the information and explanations which to the best of my knowledge and

belief were necessary for the purpose of our examination except as explained in "Limitation of

Audit".

2. In our opinion, proper books of accounts have not been kept by the Project Implementation

Unit, so far as it appears from our examination of the books. The following Books of Accounts,

in respect of ODRP, were not produced during the course of audit:

i) Grant-In-Aid Register

3. The Statement of Accounts dealt with in this report are in agreement with the Books of

Accounts.

4. In our opinion and to the best of our information and according to the explanations given to us,

the accounts of Project Implementation Unit of ODRP give the information in the manner so

required and give a true and fair view, subject to the qualifications and observations given in

the Management Letter in as much that:

i) In the case of Project Financial Statements of the state of affairs of the ProjectImplementation Unit as on 31st March 2016.

ii) Interest earned on the savings bank account of PIU is being credited to the ProjectImplementation Unit's account.

iii) Interest on Fixed Deposit is taken in OSDMA A/c instead of ODRP A/c.

iv) In case of Balance Sheet the state of affairs of the Project as on 31.03.2016.

v) In case of Income and Expenditure Account the surplus for the year ended on that date.

vi) In case of Receipt and Payment Account the receipts and expenditure to that date.

For SRB & AssociatesChartered AccountnatsF.R.N:310009E

Place: BhubaneswarFRN3109Date: 24.01.2017

Sanject PatraPartnerM. No.056121

Audited Project Financial StatementFor the Year ending 31.03.2016

of ODISHA DISASTER RECOVERY PROJECT

(Rs. In million)/DescriptionCumulative upto For the Year Total Till date

31.03.2015 15-16Sources of funds

A Opening Bank Balance - 1,024.26B Received from GoO (in Bank Account) 3,150.00 2,000.00 5,150.00B. I State Government fundsB.2 Government of India funds/ World Bank FundsC Other Receipts / Income 22.20 43.73 65.93Total sources of funds (I=A+B+C) 3,172.20 3,067.99 5,215.93Uses of Funds

Component 1: Resilient Housing Reconstruction and CommunityI Infrastructure.

1.1 Sub-Component 1.1: Housing Reconstruction 2,040.16 1,778.70 3,818.861.2 Sub-Component 1.2: Selected Community Infrastructure. 50.83 153.69 204.522 Component 2: Urban Infrastructure in Berhampur,2.1 Sub-component 2.1: Upgrading of Slums.2.2 Sub-component 2.2: Public service Infrastructure.2.3 Sub-component 2.3: Community Mobilization2.4 Sub-component 2.4: Technical Assistance3 Component 3: Capacity Building In Disaster Risk Management.4 Component 4: Implementation support.

4.1 Sub-component 4.1: Implementation support for OSDMA. 56.95 70.31 127.264.2 Sub-component 4.2: Implementation support for H & UD.5 Component 5: Contingency Emergency Responce.

Total Uses of Fund (11=1+2+3+4) 2,147.94 2,002.70 4,150.64Closing Balance (111=1+11) 1,024.26 1,065.28 1,065.28

For SRB & AssociatesChartered AccountantsF.R. No.310009E

Sanjeet Patra Gen Mnager((F&A) Exec tiveana ing DirectorPartner - OSDMA OS A OSDMAM. No.0561 * 0.M Chief General Manager (F&A) Executive Director (F&A) Managing DirectorOSDMA OSDMA OSomA

ODISHA STATE DISASTER MANAGEMENT AUTHORITY9th Floor ,Rajib Bhawan

BhubaneswarODISHA DISASTER RECOVERY PROJECT

Balance sheet as on 31.03.2016Laibilities ' Amount(Rs) Asset Amount(Rs)

General Fund: Fixed Asset:(Annexure-1)Opening balance 22,276,928.00 Gross Block 808,308.00Add: Surplus During the year 43,725,544.00 66,002,472.00 Add: During the Year 1,536,113.00

Less: Depreciation - 2,344,421.00Unspent GIA (GoO) _Opening Balance 1,002,059,825.18Add:Recieved during the year 2,000,000,000.00 Current Asset &Loans and AdvanceLess:Utilised during year 2,002,705,654.95 999,354,170.23 RWSS,Berhampur 3,023,595.00

Tahasildar ,Chatrapur 40,000.00Reserve for Fixed Assets 2,344,421.00 Tahasildar Chikiti 40,000.00

Tahasildar ,Ganjam 40,000.00Loan & Advances Tahasildar, Khalikote 40,000.00Deposit from others 372,100.00 Tahasildar ,Konisi 40,000.00

Advance to Other Beneficiaries 5,089,079.00Excess Advance Paid 3,880,000.00Advance to Others 9,571,997.00

Current laibilities Advance to Staff 33,082.00Cess 329,482.00Royality 1,081,115.00 TDS On Term Deposit 863,578.00Deposit from others 120,000.00VAT-Contractor 75,458.00 Closing Balance:Security Deposit 695,025.00Withheld 302,672.00 Cash at Bank 595,171,263.23Loan From Other 4,000,100.00 Balance in Term deposit 454,500,000.00

1,074,677,015.23 1,074,677,016.23

For SRB & AssociatesChartered AccountantsF.R. No.310009E

Sanjeet Patra CA- W General Manager(F&A) Expcutive o A) Ma aging DirectorPartner OSDMA ODMA OSDMAM. No.05612 Cbiee General Manager (F&A) Executive Director (F&A) Managing Director

OSDMA OSDMA OSDMA$4,

ODISHA STATE DISASTER MANAGEMENT AUTHORITYODISHA DISASTER RECOVERY PROJECT (ODRP)

9th Floor, RAJIV BHAWAN, BHUBANESWAR

INCOME & EXPENDITURE ACCOUNT

For the period For the year ended 31st March,2016

Expenditure Amount (Rs) Income Amount (Rs)

To Component-I By Interest Received on SB A/c 42,698,462.00

Sub Component 1.1 (Annexure 1) 1,778,702,115.00 By Interest of Term Deposit 863,578.00

Sub Component 1.2 (Annexure 2) 153,692,021.00 By Misc. Receipts 2520.00To Component -4 By Vehicle Charges Recovery 3,200.00

Sub Component 4.1 (Annexure 3) 70,311,518.95 By Empty Gunny Bag 28,730.00By Work Contigency 129,054.00

By Utilisation of GIA (GoO) 2,002,705,654.95

To Transfer to General Fund 43,725,544.00 ______________ ________

Total 2,046,431,198.95 ITotal 2,046,431,198.95

For SRB & Associates

Chartered Accountants

F2R. No.310009E

9kSanjeet Patra 7' Cwtir- General Manager(F&A) Executive Director(F&A) Managing DirectorPartner 00DMA OSDMA OSDMA

For SB &Bssocaeswa

Chief General Manager (F&A) Executive Director (F&A) Managing DirectorM. No.056121 aewqCifGnrlNaae (&) EeuieDrco FA Managing Director

M. N OSDMA OSDMA OSDMA.

O DM

ODISHA STATE DISASTER MANAGEMENT AUTHORITYODISHA DISASTER RECOVERY PROJECT (ODRP)

9th Floor, Rajiv Bhawan, Bhubaneswar

RECEIPT & PAYMENT ACCOUNTFor the period from I st April,2015 to 31St March,2016

Receipts TOTAL Payments TOTALopening Balance: INDIRECT ExpensesCash at Bank Advertisement & Publicity 30,860.00Allahabad -50204822676 794,494.00 Attendant Allowance 261,200.00Odisha Granya Bank 20,943,367.00 Bank Charges 1,995.95ICICI BANK -325901000002 8,429,304.54 Consultancy Fees 1,351,356.00Allahabad Bank-2370 10,016,539.00 Employer Contribution to EPF 136,054.00Axis Bank-914010019070598-Khallikote 75,600,066.00 Hiring Charges of Vehicle 304,437.00Axis Bank-A/c-914010018572602 145,869,082.00 Internet & Website Expenses 22,472.00ANDHRA BANK A/c No-99108 10,000,000.00 Leave Salary Contribution 22,248.00ICICI BANK A/C NO-2432 138,334,699.00 Meeting Expenses 7,524.00Indian Bank-6312074748-K.KOTE 10,000,000.00 Office Contigencies 54,904.00U.G.B.-84018832242-B.D.O.-K.Kote 10,000,000.00 Office Expenses 4,090.00U.G.B.-Sunapur A/C No-7699-K.Kote 10,000,000.00 Office Maintenance , 90,076.00AXIS BANK 644 204,933,193.64 POL Exenses 307,892.00Andhra Bank A/Cno-76912 50,000,000.00 Postage Expenses -24,231.00ICICI BANK,Chhatrapur 130,667,183.00 Printing & Stationery 258,499.00Andra Bank-,Chatrapur-0692 6,321,803.00 Prafessional Charges 19,772,201.00State Bank oflndia-527 2,967,826.00 Repair & Maintenance of Office Equipment 19,116.00Allahabad Bank-50188984598 362,460,448.00 Salary & Allowance 4,595,838.00

Security Audit Fees 26,335.00Cash in Hand . Socio Technical Support Expenses 55,289,178.00Cash 300.00 Tally Subscription Charges 10,800.00

Telecast & Broadcasting Expenses 18,893.00INDIRECT Expenses Telephone Expenses 32,082.00Bank Charges 63 00 Training & Capacity Building 9,135.00Training Programme(World Bank) 686.00 Training Programme(World Bank) 106,820.00

Travelling & Conveyance 1,634.00Indirect Incomes Indirect IncomesInterest Received on SB A/c 42,698,462.00 EMD Received 5,747.00Empty Gunny Bag 27,536.00 Interest of Term Deposit 15,220,943.00Work Contigency 129,054.00EMD Received 5,747.00 Fixed Asset -Interest of Term Deposit 16,084,521.00 Furniture and Fixture 84,990.00Misc. Receipts 2,520.00 Office equipment 973,721.00Vehicle Charges Recovery 3,200.00 Computer consumables 34,366.00

Software 443,036.00

Current Assets Current Assets:Fixed Deposit .1,396,250,000.00 Fixed Deposit 1,810,750,000.00Advance to Others 5,620,510.00 TDS On Term Deposit 863,578.00Advance to Staff 31,255.00 Advance to Staff 27,000.00

Advance to Others 1,374,000.00Loans & Advances Security Deposit (Vehicle Hiring) 5,000.00DPIU Ganjam 1,550,300,000.00 RWSS 50,000,000.00PMU OSDMA 1.552,000,000.00

DIRECT ExpensesDIRECT Expenses Housing Reconstruction Expenses(ODCH) 26,010,000.00Housing Reconstruction Expenses(ODCH) 42,174,921.00 Shifting/Rental Allowance Expenses 108,000.00Construction of Internal Road & Drains 18,239.00 Housing Reconstruction Expenses(ODCH) 1,794,154,825.00

Site clearance and development exp 6,144,803.00L __an (Lia__i__iy_ Construction of Disply Board 87,784.00

BDO RANGEILUNDA 4,000,000.00 ConstructionofVat 195,014.00Grant in Aid(GoO) 2.000,000,000.00 Construction of Internal Road & Drains 27,411,302.00

Multi Hazard Insurance Expenses 3,116,887.00

fUB{nubaneswar

Receipts TOTAL Payments TOTALCurrent Liability Current LiabilitySecurity Deposit 51 1,815,00 MLALAD Scheme Account 79,020.00CESS 330,255.00 CESS 180,599.00Royalty 2,355,709,00 Royalty 2,041,621.00Vat-Contractrs 92,622.00 Vat-Contractrs 43,155.00Withheld 13,312,777.00 Bill Payble (Gram Vikas) 90,705.00Bill Payble (Gram Vikas) 90,705.00 Deposit From Others 300,000,000.00Service Tax on Withheld (Gram Vikas) 1,528,540.00 Service Tax on Withheld (Gram Vikas) 229,610.00ITDS (Others) 4,551,258.00 Withheld 1,932,090.00

ITDS (Others) 7,616,339.00Salary Deduction & Recoveries Salary Deduction ecoveriesEPF Payable 211,553.00 EPF Payable 211,414.00GPF 516,000.00 GPF 516,000.00GPF Advance 20,000.00 GPF Advance 20,000.00ITDS (Employee) 220,577.00 ITDS (Employee) 220,577.00LIC 2,016.00 LIC 2,016.00Licence Fee 5,208.00 Licence Fee 7,812.00Professional Tax 15,300.00 Professional Tax 15,300.00Water Charges 1,932.00 Water Charges 2,898.00

Branch and division Branch and divisionPMU OSDMA 5,974,791.00 Tangi Block 5,714,500.00DPIU Khurda 5,714,500.00 MPlKITI BLOCK 50,000,000.00

Chatrapur Block 280,060,000.00CHIKITI BLOCK 270,060,000.00GANJAM BLOCK 350,060,000.00KHALIKOTE BLOCK 300,060,000.00Rangeilunda Block 300,060,000.00DPIU Ganjam 1,552,000,000.00DPIU Khurda 5,974,791.00Closing Balances

Allahabad -50204822676 292,414.00Odisha Gramya Bank 3,676,427,00ICICI BANK -325901000002 6,086,598.59Allahabad Bank-2370 10,422,326.00Axis Bank-A/c-914010018572602 221,884,572,00Axis Bank-914010019070598-Khallikote 6,515,888.00AXIS BANK-914020015697244-BDO KKT FD 50,000,000,00Indian Bank-6312074748-K.KOTE 9,573,224.00U.G.B.-84018832242-B.D.O.-K.Kote 10,342,510.00ANDHRA BANK A/c No-99108 11,781,104.00UGB SUNAPUR A/C NO-7699 1,517,464.00ICICI BANK-A/C NO-2432 3,737,138.00DCB BANK A/C NO-0055 7,057,028.00AXIS BANK 644 8,595,385.64Andhra Bank A/Cno-76912 40,096,021.00ICICI BANK,Chhatrapur 168,466,528.00Andra Bank ,Chatrapur-0692 8,896,375.00State Bank of India-527 5,215,255.00Allahabad Bank-50188984598 21,015,005.00

Total 7,842,140,57718 Total 7,842,140,577.18

For SRB & Associates

Chartered Accountants

F.R. No.310009E

anjeetPatra ) General Manager(F&A) Executive irector(F&A) M aging DirectorPartner OSDMA OSDMA OSDMAM.No.056121 hu r ChiefGeneral Manager (F9 A) Executive Director (F&A)Managing Directo

OSDMA OSDMA OSDMA

Component-I Annexure .Sub Component 1.1Housing ReconstructionExpenses(ODCH) 1,767,080,000.00Site Clearance & DevelopmentExpenses 6,173,605.00Construction of Display Board 87,784.00Construction of VAT 195,014.00Shifting/Rental Allowance Expenses 2,048,825.00Multi Hazard Insurance Expenses 3,116,887.00Total 12,778,702,825.00

s(~~nubanesw

Component -1 Annexure 2Sub Component 1.2Construction of Internal Road &Drains 27,652,169.00Pipe Water Supply Expenses 126,039,852.00Total 153,692,021.00

Component -4 Annexure 3Sub Component 4.1Socio Technical Support Expenses 41,290,857.00Advertisement & Publicity 30,860.00Attendant Allowance 261,200.00Bank Charges 1,932.95Consultancy Fees 1,351,356.00Employer Contribution to EPF 135,915.00Hire Charges of Vehicle 304,437.00Internet & Website Expenses 22,472.00Leave Salary Contribution 22,248.00Meeting Expenses 14,728.00Office Expenses 60,994.00Office Maintenance 90,076.00POL Expenses 307,892.00Postage Expenses 24,231.00Printing & Stationery 258,499.00Professional Charges 19,772,201.00Repair & Maintenance of OfficeEquipment 19,116.00Salary & Allowance 4,595,838.00Security Audit Fees 26,335.00Tally Subscription Charges 10,800.00Telecast & Broadcasting Expenses 18,893.00Telephone Expenses 32,082.00Training Programme(World Bank) 106,134.00Travelling & Conveyance 7,174.00Training & Capacity Building 9,135.00Fixed AssetsComputer 34,366.00Furniture & Fixture 84,990.00Office Equipment 973,721.00Software 443,036.00Total 70,311,518.95

SCHEDULE-1

FIXED ASSET SCHEDULE

OPENINGOPEING ADDITION CLOSING BALANCE ASSL.NO PARTICULAR BALANCE AS DITO CLOIN DELETION ASON 31.03.2015

1 Furniture &Fixtures 32,700.00 84,990.00 117,690.002 Office Equipment 531,522.00 973,721.00 1,505,243.003 Computer 190,086.00 34,366.00 224,452.004 Software 54,000.00 443,036.00 497,036.00

TOTAL 808,308.00 1,536,113.00 2,344,421.00

fj* Bhubaneswarlx

Reconcilation Statement of Grantin millions (INR)

Particulars Year 2015-16Disbursed by Government 2000.00Received by the Project 2000.00Difference

NIL

irBhubaneswar

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

I. Accounting Policies

(A) General

The Accounts are prepared on Cash basis.

(B) Accounting treatment of grants: -

(a) State Government and World Bank

(i) Government of Orissa and World Bank grants is to restore and improveHousing and Public services in targeted communities of Odisha andincrease the capacity of the state entities to respond promptly andeffectively to an eligible crisis or emergency are credited in concernedgrant funds.

(ii) All revenue expenditure incurred for direct/indirect administrative

expenses for which no specific grant is receivable are appropriated fromthe Govt. of Orissa reconstruction fund and recognized as the revenuegrant in the income and expenditure account.

(iii) Interest earned

Interest earned on fixed deposits relating to the various funds has notbeen recognized as income rather they are transferred directly toOSDMA funds.

(iv) Fixed Assets

Depreciation on fixed assets purchased by ODRP has not been provided.

I. Notes on Accounts

(a) Funds received from Govt. of Odisha and utilization for the same has been exhibited in AuditedFinancial Statement.

(b) Previous year's figures have been regrouped / rearranged and or recast wherever considerednecessary.

(c) .During the Year Fixed assets purchased worth Rs. 15,36,113 has been treated as expenditure inIncome and Expenditure Account.

(d) Interest earned on Savings Bank Account to the time of Rs. 4,26,98,462 has been taken intoaccount under the head other receipts.

III. Background

On October 12t" 2013, cyclone Philine hit the state Odisha with wind gusts up to 220 km. per hours,heavy rains measuring up to 25 centimeters and storm surge over 3 meters. It was the strongest cycloneto hit the Indian coast in past 14 years. A category 4 cyclone similar to super cyclone of 1999 that hitOdisha and killed mare than 10,000 lives and destroyed 275000 homes and left 1.67 million home less.Cyclone Philine hit a densely populated area in, coastal Odisha with 4.5 million people within thecyclone force wind path with significant proportion of Kutch a housing.

As a comprehensive strategy, Govt. of Odisha (GoO) constituted Odisha State Disaster ManagementAuthority (OSDMA) as a nodal agency for disaster mitigation and preparedness. The immediatechallenge before OSDMA was to coordinate Post cyclone restoration and reconstruction program me.Its tasks related to coordinating with the different state departments in identification, screening, review,procurement, disbursement and monitoring the implementation of projects. OSDMA is implementingprojects under World Bank, PMNRF, SDRF, 13th Finance Commission fund, NCRMP (AdditionalFund), Odisha Disaster Recovery Project, CMRF for construction of Disaster resistance infrastructure.ODRP is a World Bank assisted project implemented by OSDMA in Ganjam & Khurda Districtthrough the Collectors of Ganjam & Khurda along with other Projects. Activities under this projectrelates to Housing Reconstruction, Selected Community Infrastructure, Capacity Building for DisasterRisk management.

The key objectives of the ODRP are as follows:

* The objective of the audit of the Project Financial Statements (PFS) is to enable the auditor toexpress a professional opinion on the financial position of ODRP in respect of funds receivedand expenditure made for the accounting period 01.04.15 to 31.03.16 as well as to express anopinion on the eligibility of the expenditure under the project.

* The project books of account provide the basis for preparation of the Project FinancialStatements (PFS) and are established to reflect the financial transaction with respect to theproject.

Snubanes,"q

Components

Based on the above objectives, the Project has been divided into four components, namely:

Component 1: Resilient Housing Reconstruction and Community Infrastructure.

Sub-Component 1.1: Housing Reconstruction

Sub-Component 1.2: Selected Community Infrastructure.

Component 2: Urban Infrastructure in Berhampur.

Sub-component 2.1: Upgrading of Slums.

Sub-component 2.2: Public service Infrastructure.

Sub-component 2.3: Community Mobilization

Sub-component 2.4: Technical Assistance

Component 3: Capacity Building In Disaster Risk Management.

Component 4: Implementation support.

Sub-component 4.1: Implementation support for OSDMA.

Sub-component 4.2: Implementation support for H & UD.

Component 5: Contingency Emergency Response.

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