ADVOKS GLOBAL · KENYA
Kenya Water Towers Agency Order
14. Annual estimates
Edition: 2022-12-31 · In force
14. Annual estimates
(1)The Board shall, at least three months before the commencement of each financial year, cause to be prepared estimates of the 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;(c)proper maintenance, repair, and replacement of the equipment and other movable property of the Agency; and(d)creation of such reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance or replacement of buildings or equipment, or in respect of such other matters as the Board may consider appropriate.(3)The Board shall approve the annual estimates before the commencement of the financial year to which they relate and once approved the annual estimates shall be submitted to the Cabinet Secretary for approval.(4)Once the annual estimates are approved, the sum provided shall not be increased without prior consent of the Board.(5)The Agency shall not, for its own purpose incur expenditure except in accordance with the annual estimates approved under subparagraph (3), or in pursuance of an authorization of the Board given with prior written approval of the Cabinet Secretary.