ADVOKS GLOBAL · KENYA
Kenya Medical Training College Act
17. Annual estimates
Edition: 2022-12-31 · In force
17. Annual estimates
(1)Before the commencement of a financial year, the Board of Directors shall cause to be prepared estimates of the revenue and expenditure of the College for that year.(2)The annual estimates shall make provisions for all the estimated expenditure of the College 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 College;(b)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;(c)for the proper maintenance of the buildings and grounds of the College;(d)for the proper maintenance, repair and replacement of the equipment and other movable property of the College;(e)for the funding of the cost of teaching and research activities of and in the College;(f)for the creation of such funds to meet future or contingent liabilities in respect of retiring benefits, insurance or replacement of buildings or equipment and in respect of such other matters as the Board of Directors may think fit.(3)Annual estimates shall be approved by the Board of Directors before the commencement of the financial year to which they relate, and shall be submitted to the Cabinet Secretary for approval and after the Cabinet Secretary has given his approval the Board of Directors shall not increase any sum provided in the estimates without the consent of the Cabinet Secretary.(4)No expenditure shall be incurred for the purposes of the College except in accordance with the annual estimates approved under subsection (3) or in pursuance of an authorization of the Board of Directors given with the prior approval of the Cabinet Secretary.(5)Where justifiable reasons exist, the College may seek authorization of the Board of Directors given with the prior approval of the Cabinet Secretary for reallocation of funds.(6)The sources of funds for the College shall be—(b)fees charged by the College;(c)the income from resource mobilization; and(d)any other source that the Board of Directors may authorize.