Samir M. Shah& Associates. Chartered Acmuntants Admln MRoe : 5516, Gopal Pahce. Nr. Shimmeni Flats. Opp. Ocean Perk. Satslliie Road. Ambawdi. Ahrnadsbsd C-me Haul : -Heaven" 8. Westem Park Sodel& Guiarat - 380 015 (India) Phone No. +91-79-28769033

Nr Indudoiitsm. Bopal. Ahmedabad. GuJarat - 380 058 (India) Phom NO. +91-7622012032 E-Mail : samir@mshah.w.in

URL : www.smshah.w.in

INDEPENDENT AUDITOR'S REPORT

To Executive Officer, Nagar Palika Indergarh, Dist Bundi.

We have audited the accompanying financial statements of Nagar Palika Indergarh, which comprise the. Balance Sheet as at March 31,2016 and the Income & Expenditure Account for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Respan&&@@ Financial Stsfenrenls

Managemwt is responsible for the preparation of them financial statements that give a true and fair view of the financial position and financial pdomanoe of the ULB in accordance with the R a j m h Municipal Accounts Manual. This responsibility includes the design, implementation and maintenance of internal control relevant ta the preparatim of the financial statements that are free from material misstatement, whether due to fraud or enor.

Audit~rs' Responsibility

Our responsibility is to express an Qpinion on these financial staremgnts based on our audit. We condudtad our audit in accordmcz with the Standards on Auditing issued by Institute of Chartefd Accountants of Indh. Those Standards require that we comply with ethical requireme@ :d glan and perEW the audit to obtain reasonable assw&Ce about whether the financial stafa&km.fiw fitm material misstatement

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the ULB's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the ULB's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

(A) Additional matters to be reported by the Tiancia1 statements auditor:

1 S . 1 PARTICULARS 1 REMARK

accounted. Whether any Earmarked Funds have been created as I Yes all the Earmarked Funds has

No. 1.

2.

Whether all sums due to and received by the Municipality have been brought to account and have been properly classified

Whether all grants sanctioned or received by the Municipality during the year have been accounted properly and where any deduction is made out of such grant toward any dues of the Municipality whether such deduction have been properly

per the provision of any statue and if so, whether such earmarked Funds have been utilised for the purpose for which they were created.

Whether the Municipality is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets; whether these fixed assets have been physically verified at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the same has been properly dealt with in

- regularly by the municipality and that the lease 1

Yes all the amount due or received by the Municipality during the year has been brought into accounts. Yes the entire gmnt received during the year has been accounted properly.

been created as per the rules. Earmarked funds has been utilised for the purpose for which they were created. Fixed assets register is not properly maintained. Physical verification of the fixed assets is not carried out at the reasonable intervals.

the books of accounts. Whether in case of leasehold property given by the municipality, whether lease rentals are collected

Lease rentals are not collected re~ularlv.

agreement are renewed after their expiry. Whether physical verification has been conducted by the municipality at reasonable intervals in respect of stores; whether the procedure of physical verification of stores followed by the Municipality are reasonable and adequate if not, state the inadequacies in such procedures; Whether any material discrepancies have been noticed on physical verification of store as compared to stores records, and if so, whether the same have been properly dealt with in the books of accounts; Whether the parties to whom loans or advances have been given by the municipality are repaying the principal amounts as stipulated and are also regular in payment of the interest and if not, whether reasonable steps have been taken by the Municioalitv for

Municipality physically verify at reasonable intervals in respect of stores.

Municipality has not given any loan to any party during the year under consideration.

In our opinion and to the best of our information and according to the explanations given to us and read with Schedule 29 of the report, the aforesaid f m c i a l statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the Rajasthan Municipal Accounts Manual:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 20 16;

(b) in the case of the Income & Expenditure Account, of the s u r p l a for the year ended on that date

We further report that:

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief 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 as appears from our examination of those books.

c. the Balance Sheet and Income & expenditure Account dealt with by this Report are in agreement with the books of account.

d. In our opinion, the Bdance Sheet and Income & expenditure Account comply with the Rajasthan Municipal Accounts Manual;

A statement on additional matters is given in the annexure.

Place : AHMEDABAD Date : 16Ih NOVEMBER, 2016

For SAMIR M. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REC:No.: 122377W - -

*,,s*.-.*~fg~~ rnih&=y. \..:...~ . . - ..~'-4:.,, _._. ,

SAMIR M. SHAH .~ -- - - T >

(PARTNER) ~ ~ 3 a r l L l Q 5 2

Place : AHMEDABAD Date : 16Ih NOVEMBER, 2016

followed for the

For SAMIR M. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

14.

SAMIR M. SHAH (PARTNER)

MEMBERSHIP No.: 111052

maintained; whether Bank reconciliation statements have been proprly prepared for all the banks accounts of the municipality;

Whether the year-end and reconciliation procedure have been carried out;

Manual and other applicable acts are maintained. Bank reconciliation statements for all the banks are properly prepared. Yes all the year end & reconciliation procedure all followed.

NAGAR PALIKA INDERGARH MANDAL, DISTT. KOTA (RAJ.)

BALANCE SHEET AS ON DATE 31ST MARCH, 2016

PARTICULARS SCH 31st March 2016 31st March 2015 EDULE

LIABILITIES Municipal (General) Fund Earmarked Funds Reserve & Surplus Total Reseme & Surplus (A)

G R A N T / O N T B O N FOR SPECIFIC PURPOSE (B) 3 2 1760223.00

LOAN LIABILITY Secured Loans Unsecured Loans Total Loans ( C )

CURRENT LUBILITIES & PROVISION Sundry Deposits ,

Sundry Creditors Statutory Liabilities Other Liabilities Provision Total Current Liabilities and Provisions (D)

TOTAL LIABILITIES (A+B+C+D)

Notes to Accounts and Accounting Policies

For SAMIR M. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

SAMIR M. SHAH (PARTNER)

MEMBERSHIP No.: 11 1052 PLACE : AHMEDABAD DATED: 16th NOVEMBER, 2016

For NAGAR PALIKA INDERGARH MANDAL

(CEJEF EXECUTIVE OFFICER)

PLACE : DATED: 16th NOVEMBER, 2016

NAGAR PALIKA INDERGARH MANDAL, DISTT. KOTA (RAJ.)

BALANCE SHEET AS ON DATE 31ST MARCH, 2016

(Figures In Rupees)

PARTICULARS 31st March 2016 31st March 2015 EDULE

ASSETS FIXED ASSETS Gross Block Depreciation Fund Net Block Capital Work In Progress Total Fixed Assets [A)

INVESTMENTS General Fund Investments Specific Fund Investments Total Investments (B)

CURRENT ASSETS, LOANS & ADVANCES Inventories Sundty Debtors/Receivables Cash & Bank Balances Loans, Advances & Deposits

Total Current Assets, Loans & Advances ( C )

TOTAL ASSETS (A+B+C)

Notes to Accounts and Accounting Policies

For SAMIR M. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS .

FIRM REG. No.: 122377

4mi\ SAMIR M. SHAH

(PARTNER) MEMBERSHW No.: 111052

PLACE : AHMEDABAD DATED: 16th NOVEMBER, 2016

For NAGAR PALIKA INDERGARH MANDAL

(CHIEF EXECUTIVE OFFICER)

PLACE : DATED: 16th NOVEMBER 2016

NAGAR PALIKA INDERGARH MANDAL, DISTT. KOTA (RAJ.)

INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2016

PARTICULARS

INCOME Income From Taxes Assigned Compensation Rental lncome From Municipal Properties Fees And User Charges Sale & Transportation Charge Revenue Grants, Contributions and Subsidies Income from Corporation Assets and Investments Miscellaneous Income

Total Income

EXPENDITURE. Establishment Expenses General Administrative Expenses Miscellenous Expenses Operational & Maintenance exp. Interest & Financial Exp. Festival Expenses Depreciation During The Year

Total Expenditure

Surplus I Deficit before Adjustment of prior period items and depreciations Less:- Prior Period Items Less:- Prior Period Adjustments of Depreciation

NET SURPLUS/ (DEFICIT)

Notes to Accounts and Accounting Policies

For SAMIR M. SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

FIRM

SAMIR M. SHAH (PARTNER)

MEMBERSHIP No.: 11 1052 PLACE : AHMEDABAD DATED: 16th NOVEMBER 2916

(Figures in Rupees)

SCH 31st March 2016 31st March 2015 EDULE

For NAGAR PALIKA INDERGARH MANDAL

(CHIEF EXECUTIVE OFFICER)

PLACE : DATED: 16th NOVEMBER, 2016

Schedule Forming Part of Balance Sheet of Nagar Palika as on Dated 3lst March 2016

PARTICULARS March 31,2016 March 31,2015 Schedule1 MUNICIPAL (GENERAL) FUND Opening balance , Add:-Addition during the Year ~ess:; Deduction during the Year - Add:- Excess of Income Over Expenditure 54 1743.00 (2026003.00)

Total (Rs) 41584064.00 41042321.00 Schedule2 RESERVE & SURPLUS Opening balance Add:-Addition During The Year Less:- Withdrawal during The Year 0.00 351812.00

Total (Rs) 2944547.00 2944547.00 Schedule4

CRANT/CONTRIBUTION FOR SPECIFIC PURPOSE

Grant From MLAIMP Fund Special Grant for 12113th Financial Commission Grant for Panna Daya Jevan Amrit Youjna Special Grant For Swam Jayanti Sahari Rojgar Sch. Special Grant From S.F.C CM BPL Awaisiya Youjna Grant under SJSRY Yojana Other Misc. Grant

Schedule-4 SUNDRY DEPOSITS Earnest Money Deposit Securities Deposit

Schedule-5 SUNDRY CREDITORS Contractor Conk01 Account Creditor for Expenses

Schedule6 STATUTORY LIABILITIES lncome Tax (TDS) Payable Commercial Tax Payable Labour Cess Deduction

167810.00 167810.00 Total (Rs) 21760223.00 14189223.00

1405947.00 7349 1 1 .OO Total (Rs) 1739673.00 1542097.00

OTHER LIAB~LITIES Payable To Other Departments agency Recoveries Pension Fund Payable Employee PF Payable Deduction for Gratuity Deduction for Royalty Salary Payable

16977.00 16977.00 Total (Rs) 16977.00 16977.00

0.09 0.00 Total (Rs) 1600.00 0.00

913288.00 913288.00 Total (Rs) 81 15910.00 9494593.00

Schedule Forming Part of Balance Sheet of Nsgar Palika as on Dated 31st March 2016

PARTICULARS March 31,2016 March 31,2015 Schedule-8 GROSS BLOCK Immovable Assets Land Building

Infrastructure Assets Roads & Bridge Sewerage & Drainage Public Lighting Plant & Machinery Other Fixed Assets

Moveable Assets ' Furniture & Fixtures Office Equipment Vehicles

968984.00 968984.00 Total (Rs) 56103079.00 55680560.00

DEPRlClATlON FUND Opening Balance 3453083.00 256 1798.00 Add:- Dep. Provided During the Year 0.00 891285.00 Less:- Depreciation For The previous Year 0.00 0.00

Total (Rs) 3453083.00 3453083.00 Schedule-LO GENERAL FUND INVESTMENT P.D Account With Statement Non-Interest Bearing PD A/c

Schedule-1 1 SUNDRY DEBTORSIRECEIVABLES House Tax Shop Rent Receivables

Schedule-12 CASH & BANK BALANCES

0.00 0.00 0.00 0.00

Total (Rs) 0.00 0.00

0.00 0.00 Total (Rs) 0.00 0.00

Cash In Hand Balance In Post Office Balances In Saving r(i CurrentMCF Balance with Nationalized Banks Balance with Schedule Bank Balance with Co-Operative Bank Balance with Nationalized Banks ( Specific Fund)

Total (Rs) Schedule-I3 LOANS, ADVANCES & DEPOSITS Loans to Staff (PF Loan) Advance to Staff

Total (Rs)

Schedule Forming Part of Income & Expenditure of Nagar Palika as on Dated 31st March, 2016

PARTICULARS March 31,2016 March 31,2015 Schedule-14 INCOME FROMTAXES Sampati Tax 0.00 0.00 Urban Development Tax 82927.00 194215.00

Total (Rs) 82927.00 194215.00

Schedule-15 ASSIGNED COMPENSATION Octroi Compensation 6 176000.00 4782000.00

Total (Rs) 6176000.00 4782000.00 Schedule-16 RENTAL INCOME FROM MUNICIPLE PROPERTIES Rent From Nagrik Suvidha Rent From Lease Land Other Rent

Schedule-17 FEES AND USER CHARGES Suchikaran & Registration Charge License fees Pennission Fees Certificate & Duplicate Fees Vikas Charges Regulation Fees Misc Fees Upbl~okta Charge

Schedule-18 SALE & TRANSPORTATION CHARGE Sale of Products Sale of Fonns & Formates

Schedule-19

1 17283.00 122 180.00 Total (Rs) 1986100.00 571561.00

0.00 0.00 Total (Rs) 107884.00 20023.00

30321.00 34906.00 Total (Rs) 39321.00 2225788.00

REVENUE GRANT, CONTRIBUTION, SUBSIDIES Amount Transfer from Grants 6195914.00 49421 88.00

Total (Rs) 6195914.00 4942188.00 Schedule-20 INCOME FROM CORP. ASSETlINVESTMENT Interest on Investment 0.00 3423.00 Interest on SB ale 64 1294.00 196700.00

TOM @) 641294.00 200123.00 Schedule-21 MISCELLANEOUS INCOME Other

Schedule-22 ESABLISHMENT EXP. Salary, Wages & Bonus

Schedule Forming Part of Income & Expenditure oPNagar Palika as on Dated 31st March, 2016

PARTICULARS March 31,2016 March 31,2015 Honorarium & Fees to Management 142800.00 236628.00 Other Retirement Benefit 0.00 3 15974.00 Allowances & Benefits

Schedule23 GENERAL ADMINISTRATION EXP. Rent, Rates & Taxes Electricity Exp Water Exp Communication Exp Printing & Stationery Travelling & Conveyancev Petroal Exp. Technical Exp. Audit Fees Other Administrative Exp. Advertisement Exp.

Schedule-24 MISCELLENOUS EXPENSES Other Misce. Exp.

Schedule-25

11 142.00 108772.00 Total (Rs) 1013966.00 496598.00

Schedule-26 Interest & Financial Expenses Bank Charges

OPERATIONAL &MAINTINANCE EXPENSES Bulk Purchase Repair & Maintenance (Infra. Assets) Repair & Maintenance (Public Facilities) Repair & Maintenance (Vehicle) Repair & Maintenance (Other) Misc Operational Exp ( Garbage Exp)

62520.00 42968.00 Total (Rs) 62520.00 42968.00

Schedule-27 Festival Expenses Festival Exp. Office

Schedule-28 DEPRICIATION Building Road & Bridge Vehicles Office Equipment

0.00 6090 1 .OO 1116417.00 2 107099.00 198891.00 20550.00 13806.00 14407.00 6130.00 84687.00

0.00 2340 14.00 Total (Rs) 1335244.00 2521658.00

1343.00 1907.00 Total (Rs) 1343.00 1907.00

NACAR PALIKA INDERCARH MANDAL, DISTT. KOTA (RAJ.1

NOTES TO THE ACCOUNTS AND ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH, 2016

1 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

2 Paisa are rounded up to nearest rupees.

3 Depreciation on the assets which have been put to use for less than 180 days during the financial year have been charged with depreciation for the halfyear, whereas those assets which have been put to use for more than 180 days, have been charged with full depreciation.

4 The valuation of assets has been made on the basis of their actual cost, as information provided by the department.

5 According to the information and explanations given to us, long term investments are valued at cost as per the Accounting Standard 13 of Indian GAAP.

5 According to the information and explanations given to us, there are no inventories / stores maintained ny the municipality and hence same are not reported.

6 According to the information and explanations given to us, there are no outstanding debtors / receivables maintained ny the municipality and hence same are not reported.

9 According to the information and explanations given to us,the Municipal Board has not made provision for Creditors1 Expenses.

10 According to the information and explanations given to us, the Municipal Board has not accrued any incomes and expenses at the end of the year.

I I According to the information and explanations given to us, there is no contingent liability as on 31.03.2016

12 All balances such as cash, bank accounts, investment and secured loan are subject to reconcilation and confirmation.

13 All sundry debit and credit balances standing as debtors, creditors, sundry deposits, statutory liabilities, other liabilities, advances to staff, advances to contractors and other balances are subject to confmation.

14 We have verified the vouchers and documentary evidence wherever made available. Where no documentary evidences were available, we relied on the authentication.given by the department.

Note: The Balance Sheet has been prepared in line to the information provided by the NAGAR PALIKA - INDERGARH MANDAL (herein referred to as the department). All realizable values, market values, cost of acquisition and cons&tion and other relevent rates of assets have been provided by the department.

For SAMlR M. SHAH &ASSOCIATES CHARTERED ACCOUNTANTS

SAMlR M. SHAH (PARTNER)

MEMBERSHIP No.: 111052 PLACE : AHMEDABAD DATED: 16th NOVEMBER, 2016

For NAGAR PALIKA INDERGARH MANDAL

(CHIEF EXECUTIVE OFFICER)

PLACE : DATED: 16th NOVEMBER, 2016