ADVOKS GLOBAL · KENYA
Kenya Trade Network Agency Order
13. Annual Estimates
Edition: 2022-12-31 · In force
13. Annual Estimates
(1)The Board shall, at least three months before the commencement of each financial year, cause to be prepared estimates of revenue and expenditure of the Agency for that financial year.(2)The annual estimates shall make provision for all the estimated expenditure of the Agency for the financial year concerned, and in particular, shall provide for the—(a)payment of salaries, allowances and other charges in respect of the Board members and the staff of the Agency;(b)payment of pensions, gratuities and other charges in respect to retirement benefits to the staff of the Agency; and(c)proper maintenance, repair, and replacement of the equipment and other movable property of the Agency.(3)The Board shall approve the annual estimates before the commencement of the financial year to which they relate and once approved, the sum provided in the estimates shall be submitted to the Cabinet Secretary for approval.(4)No expenditure shall be incurred for the purposes of the Agency except in accordance with the annual estimates approved under subparagraph (3) or with the authorization of the Board given with prior written approval of the Cabinet Secretary.