Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Outline the Management and expenditure of public finances in county governments.

Outline the Management and expenditure of public finances in county governments.

Answers


Kavungya
a) In every county, there is established a revenue fund where all funds, (including the county’s own revenues, transfers from national revenues, grants and borrowed funds) are consolidated.
b) Money from this fund is only withdrawn following specific procedures authorized by parliament or by county laws.
c) County governments must operate financial management systems that comply with all requirements of national legislation.
d) The county assembly must vote on the budget and approve expenditure by various departments of the county.
e) The county treasury must seek quarterly approvals from the controller of budget for withdrawal from the revenue fund based on the needs of the county.
f) The accounting officer of a county organ or public body is accountable to the county assembly for the financial management of the public body.
g) Each county has a county accountant general who maintains financial records of all the funds withdrawn from the revenue fund, and expenditure incurred.
h) Apart from the internal audits in every county, the auditor general audits the accounts of the county governments and submits reports to the relevant county assembly.
Kavungya answered the question on May 13, 2019 at 06:20

Answer Attachments

Exams With Marking Schemes

Related Questions