ADVOKS GLOBAL · KENYA
Charter for Kenya Medical Research Institute, 2026
61. Annual estimates
Edition: 2025-07-21 · In force
61. Annual estimates
(1)Before the commencement of a financial year, the Board shall cause to be prepared estimates of the revenue and expenditure of the Institute for that 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 for—(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)development purposes; and(g)the creation of such funds to meet future or contingent liabilities of such other matters as the Board may deem fit.(3)The Vice Chancellor may incur expenditure for purposes of the Institute in accordance with estimates approved by the Board, and any approved expenditure under any vote head of the estimates may not be exceeded without the prior approval of the Board.