J.N. Gupta & Co.Cltartt!rc'c/ AC("Ollll1(111I"'-

E-732, Nakul Path, Opposite Jyoti Nagar ThanaLal Kothi, Jaipur-302015 Ph.: 2743895, 7792921144Mobile: 9314893895 • E-mail: jnguptaca@icai.org

INDEPENDENT AUDITOR'S REPORT

The Executive Officer ••Bandikui MunicipalityRajasthan

We have audited the accompanying financial statements of Bandikui Municipality (Rajasthan),which comprise lhe Balance Sheet as at March 31, 2014 and the Income and Expenditure Account for theyear then ended, and a summary of significant accounting policies and other explanatory infonnation andnotes to accounts,

Managenll'lIt's Responsibility for the Financial StatementsManagement is responsible for the preparation of these financial statements that give a true and fair viewof the linancial position, financial performance of the ULB in accordance with the Rajasthan MunicipalAccounts Manual. This responsibility includes the design, implementation and maintenance of internalcontrol relcvant to tbe prt,.'paration of the financial statements that arc frec from material misstatement,whether due to fraud or error.

Auditor's I~cspollsibirit)'

Our responsibility is to express an opinIOn on lhese financial statements based on our audit. Weconducted our audit in accordance with Ihe Standards on Auditing issued by the Institute of CharteredAccountanls of India. Those Standards require thai we comply with ethical requirements and plan ,llldperronn the audit to obtain reasonable assurance about whether lhe financial statemenls are free frommaterial misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor's judgement. including theassessment of the risks of material misstatement of the financial statements, whether due to fraud or error.In making Ihose risk assessments, the auditor considers intemal control relevant to the ULB's preparationand fair presentation of the financial statements in order to design audit procedures that arc appropriate inthe circumstances, but not for the purpose of expressi ng an opinion on the effectiveness of the ULI3'sinternal control. An audit also includes evaluating the appropriateness of accounting policies used and thereasolwbleness of the accounting estimates made by management. as well as evaluating the overallpresentation oflhe financial statements. We believe that the audit evidence we have obtained is sufficientand aprropriate to rrovidc a basis for our audit opinion.

Opinion

In our opinion and to the besl of our infommtion and according to lhe e.,planations given to us, th"financial statements give .\ true and fair view in conformity with the R<ljasthan Municipal Accountst\..1allual: •.~ .•.,

a) in the case of the Balance Sheet, of the state of affairs of the UlB as at March 31, 2014; and

b) in the case of the Income and Expenditure Account, of the surplus/ deficit for the year ended onthat date.

We further report that:

a) we have obtained all the information and explanations which to the best of our knowledge andbelief were necessary for the purpose of our audit;

b) in our opinion proper books of account as required by law have been kept by the UlB so far asappears from our examination of those books;

c) the Balance Sheet, Income and Expenditure Account, and Cash Flow Statement dealt with by.this Report are in agreement with the books of account;

d) in our opinion, the Balance Sheet and Income and Expenditure Account comply with theRajasthan Municipal Accounts Manual;

A statement on additional matters is given in the annexure.

For IN GUPTA & COChartered AccountantsFRN: 006569C

~CA. JAGDISfi GUPTAPartnerM Number: 400438

Place: JaipurDale

--~

Additional matters to be reported by the financial statement auditor:

I. In our opinion and according to records examined by us all sums due to and received by themunicipality have been brought to account and have been appropriately classified;

2. In our opinion and on the basis of test check and according to the information and explanationsgiven to us all grants sanctioned or received by the Municipality during the year, have beenaccounted properly, and where any deduction is made out of such grants towards any dues of theMunicipality whether such deductions have been properly accounted;

3. In our opinion and according to the infonnation and explanations given to us, eannarked Fundshave been created by the municipality lor Gratuity and Provident Fund and eannarked Fundshave been utilized for the purpose for which they were created.

4. In our opinion and according 10Ihe information and explanations given 10 us, the Municipality ismainlaining proper records showing full particulars, including quantitative details and situationof fixed assets;

5. In our opinion and according to the information and explanations given to us, lease rentals arecollected and accounted on cash basis.

6. In our opinion and according to the information and explanations given to us, proper record ofstore is maintained by the municipality.

7. According to the infonnation and explanations given to us, the parties to whom loans or advanceshave been given by the Municipality during the year are not repaying the principal amounts asstipulated. No interest is charged by the municipality on such loans and advances during the year.

8. In our opinion and according 10 the information and explanations given to us, the municipalityhas granted loons 10 his employees against provident fund and no record is maintained by themunicipality level. No comment can be made on deduction from salary towards the repayment ofprincipal of loans and interest'thereon.

9. In our opinion and according to the infonnation and explanations given 10 us, there is anadequate internal control system commensurate with the size of the municipality with regards tothe purchase of stores, fixed assets and services.

10. In our opinion and according to the infomlation and explanations given to us, there is an adequateinternnl control procedure for the contracting of works and projects, periodic inspections andmeasurements, quality checks and payment there for.

11. According to the records of the municipality and information and explanations given to us, themunicipality has not been regular in depositing undisputed statutory dues including providentfund. TDS. Works contract Tax, cess and any other statutory dues with the appropriateauthorities during the year.

12. In our opinion and according to the information and explanationsexpenses have been charged to the municipality's accounts.

13. In our opinion and according to the infonnation and explanations given to us, the books andregisters specified under the Rajasthan Municipal Accounts Manual and other applicable acts andrules have been properly maintained. Bank Reconciliation statements of are prepared for all bankaccount of the municipality.

14. In our opinion and according to the infonnation and explanations given to us, and to the best ofour knowledge, the year end and reconciliation procedures have been carried out by themunicipality.

For IN GUPTA & COChartered AccountantsFRN: 006569C

~CA IAGDISH GUPTAPartnerM Number: 400438

Place: JaipurDate

•MUNICIPALITY BAND1KUI

BALANCE SHEETAS ON 31 MARCH 2014PARTICULARS SCHEDULE Current Year PrevIous Year

m 0 m 0

LIABILITIESRESERVE AND SURPLUS

Municipal (General) Fund 1 29,105,578.65 0

Earmarked Fund 2 0 0

RESERVE AND SURPLUS 3 0 0

Total Reserve and Surplus (AI 29,105,578.65 0

GRANT/CONTRIBUTION FOR SPECIFICPURPOSE(B) 4 22,941,551.00 0

loansSecured loans S 0 0

Unsecured loans 6 0 0

Total loans (C) 0 0

CURRENTLIABILITIES& PROVISIONSSecurity Deposits 7 4,211,015.00 0

Sundry Creditors 8 0 0

Stautory Liabilities 9 904,434.00 0

Other liabilities 10 9,397.00 0

Provisions 11 0 0

Total current liabilities and provisions (D) 5,124,846.00 0

TOTAlliABtLiTIES (A+B+C+D) 57,171,975.65 0

ASSETSFIXEDASSETSGross Block 12 24,787,987.00 0

Depreciation Fund 13 3,430.647.35 0

Net Block 21,357,339.65 0

Capital Work In Progres 14 0 .Total FiXedAssets (A) 21,357,339.65 0

INVESTMENTSGeneral Fund Investments 1S 0 0

Specific Fund Investment 16 0 .Total Investment (B) 0 .

CURRENTASSETS,lOAN & ADVANCESInventories 17 0 0

Sundry Debtors/Receivables 18 0 0

Cash and Bank Balances 19 35,477,811.00 0

loans, Advances and Deposits 20 336,825.00 .Total Current Assets, loans & Advances (C) 35,814.636.00 0

TOTAL ASSETS(A+B+C) 57,171,975.65 0

NOTESTO ACCOUNTS& SIGNIFICANT ACCOUNTING POLICIESNotes referred to above and notes attached there to form an integral part of Balance Sheet

This is Balance Sheet referred to In our report of even,date.For IN Gupta & CoChartered Accountants

CA Jagdish GuptaPartnerM. No. 400438FRN 006S69C

MUNICIPALITY BANDIKUIINCOME & EXPENDITUREFORTHEYEARENDED31 MARCH 2014

PARTICULARS SCHEDULE Current Year Previous Yearrn - rn -

INCOMEIncome From Taxes 21 298,426.00 .Assigned Compensations 22 19,555,000.00 .Rental Income From Municipal Properties 23 3,846,700,00 -Fees and User Charges 24 8,773,163,00 -Revenue Grants, Contributions and Subsidies 25 . -Income From Corporation Assets and Investments 26 256,652.00 -Miscellaneous Income 27 690,394.00 -Total Income 33,420,335.00 -

ExpenditureEstablishment Expenses 28 16,957,201.00 -General Administrative Expenses 29 1,998,410.00 -Decrese In Stores/(Increase in Stock)Public Works 30 3,234,224.00 -Miscellaneous Expenses 31 2,036,741.00 -Interest & Financial ExpensesDepreciation During The Year 13 3,430,647.35 -Total Expenditure 27,657,223.35 -Surplus/Deficit before adjustment of prior period items and dep. 5,763,111.65 -Less: Prior Period Itemsless: Prior Period Adjustment of Depreciation

NETSURPLUSI DEFICIT 5,763,111.65 -NOTESTO ACCOUNTS& SIGNIFICANTACCOUNTINGPOLICIESNotes referred to above and notes attached there to form an integral part of Income and Expenditure

This Is income & expenditure statement referred to in our report of even date

For IN Gupta & CoChartered Accountants

CAJagdish GuptaPartnerM. No. 400438FRN006569C

MUNICIPALITY BANDU(UIAs on 31 March 2014

PARTICULARS Current Year Previous Year

SCHEDULE-!MUNICIPAlICORPUS) FUNDOpening Balance 23,342,467.00 .Add: Addition during the year . .Less: Deduction during the year . .

Add: Excessof Income over Expenditure 5,763,111.65 .Less: Excees of Expenditure over Income . .

29,105,578.65 .

SCHEDULE-2EARMARKED FUND

. .

. .SCHEDULE.3RESERVEAND SURPLUSOpening Balance . .Add: Addition during the year . .less: Withdrawal during the year . .

. .

SCHEDULE-4GRANT/CONTRIBUTION FORSPECIFICPURPOSEMLA FUND 46,570.00 .GRANT FOR13 vln AYOG 4,452,626.00 .OTHERANUDAN 292,000.00 .eM BPl AWAS YOJANA 270,000.00 .GRANT FORSCHOLERSHIP 13,200.00 .GRNERAl ANUDAN 3,961,000.00 .JANSAHBHAGITAYOJANA 2,133,000.00 .RAJvln AYOG 11,502,510.00 .

SAMAJIK SURAKSHAAND KAlYAN YOJANA 6,645.00 .

BPLSARIKAMBAL YOJANA 264,000.00 .22,941,551.00 .

SCHEDULE.5SECUREDlOANS .State Government (From ADB through RUIDP) . .Secured Loan From RUIDP . .Loan From RUIDFCO . .Loan From HUDeO (Secured by Govt. Guarantee) . .Loan From RUIDFCOFor JQSl (Interest Free Loan) . .

. .

.SCHEDULE-6UNSECUREDlOANLong Term Loan . .

. .

SCHEDULE.7 .- ••SECURITYDEPOSITS ~PIA";:-...

EMD AND SODEPOSITS 4,211,015.00 ..r,....-:\i (\ .4,211,015.00 r~-'-'I" .

\ .•. '" ...., >JSCHEDULE-8 ...~~.SUNDRY (REDITORS \\

~

CONTRAQOR ADVANCE~

. ..a . .

"'l'T':

SCHEDULE-9STATUTORY LIABILITIESEDUCATION CESS - -INCOME TAX DEOUTEO 53,666.00 -LA80UR CESS 17,846.00 -ROYALTY 832,922.00 -SERVICETAX - -

904,434.00 -

SCHEDULE-10OTHER LIABILITIESNEW PENSIONFUND 8,266.00 -OTHER LIABILITIES 1,131.00 -TOTAL 9,397.00 -

SCHEOULE.11PROVISIONS - -

- -SCHEOULE.13DEPRECIATION FUNDOpening Balance - -Add: Depreciatlon Provided during the year 3,430,647.35 -

3,430,647.35 -SCHEDULE-14CAPITALWORK IN PROGRESS - -

- -SCHEDULE-1SGENERAL FUND INVESTMENT - -

- -SCHEOULE.16SPECIFICFUND INVESTMENT - -

- -SCHEDUlE.17Inventories - -

- -SCHEDUlE-18SUNDRY DEBTORS/RECEIVABLESinterest accure and due - -lease rent receivable - -

- -SCHEDUlE-19CASH AND BANK BALANCEcash in hand 168.00 -

POAle 8448/42 24,644,926.00POA/e 8338/02 3,562,561.00POAle 8338/70 1,371,974.00

Adarsh Co Operative Bank 392.00 -Bank of Baroda 004828 330,808.00 -Bank of Baroda 673 3,692,973.00 -Canara Bank 2349 589,616.00 - .

~ -Jaipur Thar Gramin Bank 308,768.00 t' tI,'--. -' •.

Post Office 24,533.00 {;.,.II r I Y••..•',SBBJ0070 905,327.00 \ \ ".0 I -JSBBJ12817 18,506.00 \ '-- /,,/UCO Bank 21,259.00 "'"~ - .

35,477,811.00 .. -SCHEDULE-20 \ " '~'_\.....-fTLOANS, ADVANCES AND DEPOSITS v' -loans to Employees , , "OS" 336,825.00 -

336,825.00

5CHEDULE.21

INCOME FROM TAXES

House Tax 298,426.00 .298,426.00 -

5CHEDULE-22Assigned CompensationsOctroi 19,555,000.00 -

19.555,000.00 .

5CHEDULE.23

RENTAL INCOME FROM MUNICIPAL PROPERTIESFacilities Rent 428,862.00 .lease land 3,417,838.00 -

3.846,700.00 -5CHEDULE-24FEESAND USERCHARGES

Certificate Fees 141,070.00 -Consumer Prabhar 49,401.00 .penalities and fines 45,308.00 -Facilities Fees 4,765.00 .Noc Fee 1,500.00 -Other Fees 795,578.00 -Permission Fees 345,437.00 .Registration Fees 378,547.00 .Vikash Prabhar 1,374,102.00 .Viniyaman Fees 5,637,455.00 -

8,773,163.00 .5CHEDULE-25

REVENUE GRANT, CONTRIBUTION SUBSIDIES13 th finance commision grant - .

. .5CHEDULE.26

SALESAND HIRE CHARGES

Sale of Forms . 192,352.00 .Sale of Items 60,300.00 .Equipment Rent 4,000.00 -

256,652.00 .SCHEDULE.27

MISCELLANEOUS INCOME

Interest Income 560,528.00Other Fees 129,866.00

690,394.00 .SCHEDULE.28

ESTABLISHMENT EXPENSES

Parshad Allowance 378,150.00Medical Allowance 43,819.00HR' 143,722.00Uniform Allowance 48,300.00Unlfor Safayi Allowance 50,340.00 -Vehical Allowance 1,125.00 .-'Salary 682,329.00 ..•••......•-0 .,.-;-..., .Bonus 159,528.00 ... -",,' -,Salary and Allowance 15,449,888.00 I 1-- \ f 0' \

16,957,201.00 --"'1' 1,- iSCHEDULE.29 -.-'/to'>J'/

GENERAL ADMINISTRATION EXPENSES " ~..-JJAdvertisement &publicity I.l.. , 1,284,713.00 .Postage ,';11"~"~';,:rt~.,."~ 5,500.00 -Telephone Expenses -;nn' '~rf~r.T:'TrTl'T""'>- ..,..,.;.--- . 21,667.00 -Legal Expenses .;' 12,125.00 .

News Paper and Books 11,742.00 -Electricity 44,176.00Water Expenses 6,560.00 -Fenile Expenses 70,781.00 -Other Administration Expense 179,813.00 -Printing and Stationery 102,736.00 -Travelling and Transport 153,597.00 -Audit Fees

105,000.00 -1,998,410.00 -SCHEDULE-3D

Public Works

Repair and Maintenance 3,234,224.00 -3,234,224.00 -SCHEDULE-31

MiSe EXPENSESMISC EXPENSES 224,598.00Bank Charges

5,853.00Electricity and Water

2,600.00 -Operating Expenses1,213,302.00 -

Program Expenses590,388.00 -

2,036,741.00 -

•

•SCHEDt)LE-12

I PARTICULARS COST AS Dill I ADDmoN FROM01,04 :lilt3 TO 31.1)32014 I DELETION COST AS ON DEPREClAllONUP I AMOUI>IT I TOTAl IIlETIIALUEAS0104.201331.03.20'4 TOJ1.3.21113 DEPRECIATION 0 •••31.3.2(114MORE THAN 1800A'I"5 OTHERS

BU1LDlNGzWOV.10%Com..........ryBh_.n 216,49300 358,352.00 - - 514,845.00 - 57,484.50 57,484.SO 517,360.50Boundty Wall - - - - - - - -TOTAL BUILDING 216,493.00 358,352.00 - - 574,845.00 - 57,484.SO 57,484.50 Sll,360.S0COMPUTERS ANDPRl"'TERS WDV~O%

-COMPUTERS AND PRINTERS 25,750.00 - - - 25.750.00 15,4SO.00 15,450,00 10,300.00TOTAL COMPUTERS AND PRINTERS 25.150.00 - - - 25.750.00 - 15,450.00 15,450.00 10,:100.00DRAlNS.sLM.20%-.""""'- 535,967.00 568,942.00 785,598.00 - 1,890,507.00 - 299,541.60 299,541.60 1,590,965.40new~ - - - - - - - - -TOTAL DRAINS 535,967.00 S6i.942.00 185,598.00 - 1,890,507.00 - 299,541.60 299-"1.60 1,590.965.40FURNITURE& F1XT\JRES-WOV.10'4

"""'" - - 18,650.00 - 18,650.00 - 932.50 932.50 17,717.50Electric FItbng. - - 224,500.00 - 224,500.00 - 1l.225.00 ll,225.00 213.215.00"'""- of6.050.00 96,660.00 1.231,433.00 - 1.380,143.00 16,142.65 16,142.65 1.304,000.35TOTAL FURHrTl,JRE &. FtXTURES 46.050.00 96,660,00 1,480,583.00 - 1,623,293.00 - 88,300.15 88,300,15 1,534,992.85L.ndGo_ - - - - - - - -G""""" - - - - - - - - -TOTAlt..nd - - - - - - - - -PLANT/I.PAACHINERY.WDV_15%

-CIe.,.,;"g.E~ - - 126.000.00 - 126,000.00 - 9,450.00 9,450.00 116,550.ooTOTAL PlANT &. MACHINERY - - 126,000,00 - 126,000.00 - 9,450.00 9,450.00 116,550.00PUBUC LIGHTINGSYSTEM.WDV'15%l.mpPosts - - - - - - - -TOTAL PlJBl.JC UGHTING SYSTEII.wt)V_U" - - - - - - - - -ROAD,STREET, lANE" FOOTPA,THS-SLM.20%

-CCRoad 4.516,148.00 4,102,650.00 10,986,278.00 - 19,605,076.00 - 2.822,387.40 2.822,387.40 16,782,688.60ou- Comlru:lIon Road, - 431,821.00 504,695.00 - 942,516.00 - 138,033.70 138,033.70 804,482.:roTOTALRDADS 4,516,148.00 4,S40,41LOO 11,490,973.00 - 20,547,592.00 - 2,960.421.10 2,960,421.10 11,581,110.90GROSS TOTAL 5,340,408.00 5,564,425.00 13,813,154.00 - 24,181,981.00 - 3,430,641.35 3.430,641.35 21,351339.65

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