ADVOKS GLOBAL · KENYA
Bukura Agricultural College Act
17. Annual estimates
Edition: 2022-12-31 · In force
17. Annual estimates
(1)At least five months before the commencement of each financial year, the Board shall cause to be prepared estimates of the revenue and expenditure of the College for that year.(2)The annual estimates shall make provision for all the estimated expenditure of the College for the financial year concerned, and in particular, shall provide for—(a)the payment of salaries, allowances and other charges in respect of the activities of the Colleges;(b)the payment of pensions, gratuities and other charges in respect of retirement benefits which are payable out of the funds of the College;(c)the proper maintenance of buildings and grounds of the College;(d)the maintenance, repair and replacement of the equipment and other movable property of the College;(e)the funding of the cost of teaching and research activities of the College;(f)the proper maintenance of the catering, accommodation and recreational facilities for the students of the College; and(g)the creation of reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance, replacement of buildings or equipment, or in respect of such other matters as the Board of Governors may deem fit.(3)The annual estimates shall be approved by the Board at least two months before the commencement of the financial year to which they relate and shall be submitted to the Cabinet Secretary for approval.(4)No expenditure shall be incurred for the purpose of the College except in accordance with the annual estimates approved under subsection (3) or in pursuance of an authorization of the Board given with prior written approval of the Cabinet Secretary and the Principal Secretary to the National Treasury.