ADVOKS GLOBAL · KENYA
Co-operative College of Kenya Act
18. Annual estimates
Edition: 2022-12-31 · In force
18. Annual estimates
(1)Not later than three months before the beginning of each financial year, the Council shall cause to be prepared estimates of the revenue and expenditure of the College for that financial year.(2)The annual estimates shall make provisions for all the estimated expenditure of the College for each financial year and in particular shall provide—(a)for the payment of the pensions, gratuities and other charges in respect of the retirement benefits which are payable out of the funds of the College;(b)for the payment of the salaries, allowances and other charges in respect of the staff of the College and members of the Council;(c)for the proper maintenance of the buildings and grounds of the College;(d)for the proper maintenance, repair and replacement of plant and equipment, and other movable property of the College;(e)for the cost of teaching and research activities of the College;(f)for insurance and contingent services;(g)for contributions towards activities of the College with respect to collaboration with other institutions or bodies;(h)for food, provisions and rations; and(i)for any other expenditures approved by the Council.(3)The annual estimates in respect of each financial year shall be approved by the Council not later than one month before the beginning of the financial year.(4)No expenditure shall be incurred for any purpose of the College, except in accordance with the annual estimates approved under subsection (3) or in pursuance of any authorization of the Council.