ADVOKS GLOBAL · KENYA
Charter for Kenya Advanced Institute of Science and Technology, 2026
34. Annual estimates
Edition: 2025-07-21 · In force
34. Annual estimates
(1)Before the commencement of a financial year, the Council shall cause to be prepared estimates of the revenue and expenditure of the Institute for that financial year.(2)The annual estimates shall make provisions for all the estimated expenditure of the Institute 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 Institute;(b)for the payment of the pensions, gratuities and other charges in respect of retirement benefits which are payable out of the funds of the Institute;(c)for the proper maintenance of the buildings and grounds of the Institute;(d)for the proper maintenance, repair and replacement of equipment and other movable property of the Institute;(e)for the funding of the cost of teaching, research and outreach activities of the Institute;(f)for the payment of allowances and other charges in respect of the Council of the Institute; and(g)for the creation of such funds to meet future or contingent liabilities in respect of retiring benefits, insurance or replacement of building or equipment and in respect of such other matters as the Council may deem fit.(3)No expenditure shall be incurred for the purpose of the Institute except in accordance with the annual estimates approved under subparagraph (2) or in accordance with an authorization of the Council.