Foreword
Since 2019, special bonds have been issued substantially, and the state's regulatory mechanism for their issuance and use has been gradually improved, as well as audit and verification. The author makes suggestions on the analysis of some common problems in the audit of special bond projects that have been encountered, which is for reference only. If there are any deficiencies, please submit corrections.
The basis for calculating project revenue is insufficient
FAQ 1:Parking lots, charging piles. The issuance materials of the special bonds of the project reflect the calculation of the cash inflow of the project, including the cumulative income of ** parking spaces and ** 10,000 yuan of charging piles. Check the project feasibility study report, there is no parking lot construction in the construction content, and no roadside parking spaces and charging piles are designed in road construction, which inflates the project income.
Analysis:In recent years, there has been a shortage of car parking resources, and some cities have taken the lead in carrying out road parking fees and road temporary parking fees, such as Beijing's Notice on Issues Concerning the Charging Standards for Road Parking Fees in Beijing (Jing Fa Gai 2018 No. 2770), the Standards for the Use of Temporary Parking Spaces on Urban Roads in the Six Districts of Guangzhou City Center (implemented from April 1, 2020), and the Administrative Measures for Temporary Parking on Motor Vehicles in Shenzhen (effective from May 1, 2018). This project includes ** municipal roads, the total length of the road is about ** kilometers, after the follow-up city ** implements the relevant road parking planning, it can be used for road parking charges, and ** temporary parking spaces are set up according to the total length of the road. And according to the number of parking spaces of 1 3 (most areas specified) to configure new energy charging piles.
FAQ 2:Outdoor advertising facilities. The issuance materials of the special bonds of the project reflect the estimated advertising area of the cash inflow of the project, which is estimated according to the first year, and the cumulative income is 10,000 yuan. According to the information provided by the city's outdoor advertising facilities and signboard setting management department, the city has not operated the project of setting up the right to operate street lamp pole and light box advertising facilities (including the right to use), and the urban management bureaus of various districts (counties) have not revitalized the operation of outdoor advertising facilities related projects, inflating project income.
Analysis:Some provinces have formulated regulations on the charging of outdoor advertising facilities, such as the Notice of the Zhejiang Provincial Department of Finance and the Zhejiang Provincial Price Bureau on Printing and Distributing the 2011 Zhejiang Provincial Administrative Fee Items and Charging Standards Catalogue (Zhe Cai Zong 2012 No. 45), and the Notice of the Yunnan Provincial Price Bureau and the Provincial Department of Finance on the Charging Standards for Urban Road Occupation in Yunnan Province (Yun Price Fang Fa No. 1996 248), etc. Check whether there are local regulations or cases on the charging of outdoor advertising facilities, if there is an express prohibition, the question can only be answered if the situation is true, rectification, delete the part of the income, and look for income **.
FAQ 3:General Purpose Plant. The construction of the project is municipal road construction, and the special bond issuance materials of the project reflect the cumulative income of the general plant * * Check the feasibility study report of the project, there is no general plant construction in the construction content of the project, and the project income is inflated.
Analysis:(The reply is based on the construction of the municipal road as a supporting facility for the industrial park.) This project is a basic supporting and facility project of the industrial park, and does not include the industrial construction of the industrial park, so the feasibility study report of this project does not have the construction of a general plant, and the construction of a general plant will be built in the industrial park in the future, and the rental income of the general plant will be included in the special debt repayment fund of the project according to the requirements of the regulations. It is necessary to communicate clearly with the owner of the industrial park, and a letter explaining may be requested. ）
The project cost is crudely calculated
FAQ 1:Costs are calculated on a percentage basis. The project cost is calculated according to 10% of the project income, and the calculation of the cost is backwards according to the income, and the cost calculation basis is insufficient.
Analysis:If the situation is true, rectification will be carried out. It is recommended to calculate the project cost with reference to the cost of existing projects over the years, or similar project cases.
FAQ 2:Labor costs. Personnel expenses and personnel are not disbursed in accordance with the actual situation.
Analysis:If the situation is true, rectification will be carried out. The salary level of existing projects or similar project cases in the past year or the average salary level and number of people in the past three years should be collected for calculation.
FAQ 3:Equipment depreciation. The total investment of the project includes the cost of equipment acquisition, and the depreciation of equipment is not considered in the project cost.
Analysis:If the situation is true, rectification will be carried out. (This is a frequently asked question in projects that have an equipment acquisition fee.) It is recommended to increase the depreciation cost of the equipment according to the number of years of operation. The above questions need to explain what is the coverage multiple of the principal and interest of the project after the above adjustment, which can basically cover the principal and interest of the project bond. It is further emphasized that the follow-up project unit will strictly control the project construction cost and operating cost, and standardize the use of special bond funds and the repayment of principal and interest as required.
The use of special bond funds for upfront expenses did not form a physical workload
Frequently Asked Questions:As of the first time, the use of bond funds is 30 million yuan, including 10 million yuan of project progress payment, 10 million yuan of prepaid project payment, and 10 million yuan of preliminary design fees and engineering consulting service package costs. The actual use of bond funds is used to pay 10 million yuan for the progress of the project (not deducted from the prepaid project payment). The project only 10 million yuan of project progress payment to form the physical engineering volume, and the remaining 20 million yuan for the preliminary work cost of the project, failed to form a new physical workload.
Analysis:The relevant information of the special bond project released by the state pointed out that "we should do a solid job in promoting the preliminary work of the project, increase the guarantee of capital, land and other factors, accelerate the construction of projects under construction, and form a physical workload as soon as possible." Further increase the preliminary work of the project and the promotion of construction and implementation ,......Do a good job in all preparations before the start of construction, and promote the early start of construction of a number of major projects. ......Promote the implementation of the project as soon as possible, and strive to form more physical workload. It is necessary to speed up the preliminary work of the project. For the new projects used for the first funds, it is necessary to promote the acceleration of the preliminary work, promote the implementation of the project, form the physical workload as soon as possible, and give full play to the financial benefits as soon as possible. ”
The preliminary work cost is also part of the total investment of the project, which is used for the overall implementation of the project, and to a certain extent, it meets the requirements for the use of special bond funds of "funds follow the project". (However, from the perspective of promoting the issuance of special bonds, the goal is to form a physical workload, and the funds of special bonds should be used for project construction as much as possible.) ）
The value of the project performance index is not set in detail, and the actual construction deviates from the performance target
FAQ 1:The value of the fund performance index for each year during the project implementation period is not set in detail. Only the 2023 and overall performance indicator values will be set.
Analysis:The project performance index table is prepared in accordance with the unified template of the special bond project performance index table issued by the superior financial department, because the bond funds agreed to be issued by the provincial finance department every year should be determined before the issuance of the current year, and the annual performance index value is updated once a year to fill in the current year's performance objectives and total performance targets, and the annual performance index value and the current year's bond fund issuance amount match each other, so only the 2023 annual and overall performance index value is set.
FAQ 2:Seriously deviate from the performance target setting of the special bond project: the start time is December 2021, the operating rate is 100% as planned, in fact, only the construction of road A of sub-project will start construction in 2021, the road of sub-project B will officially start construction in 2022, and the deadline of road C of sub-project is still in the preparatory stage.
Analysis:Due to the relative concentration of several roads, it is necessary to consider the impact of public travel and traffic, and implement off-peak implementation according to the progress of the promotion. It is suggested that the project unit will strive to promote the progress of the project and realize the start of all sub-projects as soon as possible.
Special bond funds are used for compulsory education
Frequently Asked Questions:The ** middle school built by the sub-project of the project is the implementation of junior high school compulsory education (nine-year middle school), which does not meet the investment field of special bond funds (preschool education and vocational education).
Analysis:(Since the special bond funds specified in the education sector are pre-school education and vocational education, most of the projects containing compulsory education are sub-projects of large projects, and if it is a single compulsory education project, it is likely that it will not be issued or even be repatriated after issuance.) The Division's response is based on the fact that the compulsory education project is a sub-project within a larger project. This project is mainly declared in accordance with the special bond funds of "municipal and industrial park infrastructure" (according to specific project areas), and is not declared in the field of "social undertakings" (including preschool education and vocational education). The supporting school (** middle school) project belongs to the ** industrial park supporting project, and the synchronous construction is conducive to the overall planning and construction of the ** industrial park.
A little bit about the benefits and costs of the project
There are optimistic estimation factors in amplifying returns, which are affected by economic development, that is, it is possible to occur when the economic development situation is relatively good. The fictitious income is something that does not exist at all, or does not belong to the first income that can be obtained by the project The income of the project owner, the income content and the project construction content are not related to each other or the income belongs to other parties, such as the new road does not have a gas station plan but writes the gas station income, most municipal roads no longer set up billboards but write billboard income on the new road, hotel catering, hotel accommodation and other non-** business behaviors, these are waiting to be audited and hit the board.
The cost of the project is calculated according to the percentage of the project income, which is extremely crude and no longer meets the cost calculation requirements of the issuance of special bonds, and should be avoided as much as possible.