[Rev. 2018]
Kenya Information and Communications
No. 2 of 1998
18. Financial year
The financial year of the Commission shall be the period of twelve months
ending on the thirtieth June in each year.
19. Annual estimates
(1) At least three months before the commencement of each financial year, the
Board shall cause to be prepared estimates of the revenue and expenditure of the
Commission for that year.
(2) The annual estimates shall make provision for all estimated expenditure of
the Commission for the financial year concerned, and in particular shall provide—
(a) for the payment of the salaries, allowances and other charges in
respect of the staff of the Commission and the members of the Board;
(b) for the payment of the pensions, gratuities and other charges in
respect of retirement benefits to staff of the Commission;
(c) for the proper maintenance of the buildings and grounds of the
Commission;
(d) for the proper maintenance, repair and replacement of the equipment
and other movable property of the Commission;
(e) for the creation of such reserve funds to meet future or contingent
liabilities in respect of retirement benefits, insurance or replacement
of buildings or equipment or in respect of such other matters as the
Board may deem fit;
(f) for the payment of the salaries, allowances and other charges in
respect of the staff of the National Communications Secretariat
established under section 84, and such other expenses of the
Secretariat as may be approved by the Minister from time to time; and
(g) for the payment of salaries, allowances and other charges in respect
of the staff of the Tribunal and such other expenses of the Tribunal as
may be approved by the Minister from time to time.
(3) The annual estimates shall be submitted to the Board for approval before
the commencement of the financial year to which they relate:
Provided that once approved, the sum provided in the estimates shall not be
increased without the prior consent of the Board.
(4) No expenditure shall be incurred for the purposes of the Commission
except in accordance with the annual estimates approved under subsection (3) or
in pursuance of an authorisation of the Board.
20. Accounts and audit
(1) The Board shall cause to be kept all proper books and records of accounts
of the income, expenditure, assets and liabilities of the Commission.
(2) Within a period of three months after the end of each financial year, the
Board shall submit to the Auditor-General (Corporations) or to an auditor appointed
under subsection (3), the accounts of the Commission together with—
(a) a statement of income and expenditure during that year; and
(b) a statement of the assets and liabilities of the Commission on the last
day of the financial year.
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