ADVOKS GLOBAL · KENYA
Local Authorities Transfer Fund Act
9. Powers and functions of the officer administering the Fund
Edition: 2022-12-31 · In force
9. Powers and functions of the officer administering the Fund
The officer administering the Fund shall—(a)supervise and control the administration of the Fund;(b)cause to be kept all proper books of accounts and other records relating to the Fund and to the various facilities and services financed from the Fund; and(c)prepare, sign and transmit to the Controller and Auditor-General, in respect of each financial year and within four months after the end thereof, a statement of accounts relating to the Fund specifying the income to the Fund and showing the expenditure incurred out of the Fund, in such detail and with such additional information as he may deem proper and sufficient for the purpose of examination and audit by the Controller and Auditor-General in accordance with section 18 (2) of the Exchequer and Audit Act (Cap. 412) and every statement of account shall include details of the balance between the assets and the liabilities of the Fund and reflect the true and fair financial status of the Fund as at the end of the financial year concerned.