ADVOKS GLOBAL · KENYA
Public Finance Management Act
163. County government to prepare annual financial statement
Edition: 2026-09-25 · In force
163. County government to prepare annual financial statement
(1)At the end of each financial year, the County Treasury shall, for the county government, consolidate the annual financial statements in respect of all the county government entities in formats to be prescribed by the Accounting Standards Board.(2)The County Treasury shall include in the consolidated financial statements—(a)a statement of all money paid into and paid out of the County Exchequer Account;(b)a summary of—(i)the appropriation accounts and statements prepared by accounting officers under section 164; and(ii)the statements prepared by receivers of revenue under section 165;(c)a statement of payments, if any, made out of the County Exchequer Account that are authorised by legislation other than an Appropriation Act;(d)a statement of the total amount of debt of the county government that is outstanding at the end of the financial year;(e)a statement of the debt guaranteed by the national government at the end of the financial year;(f)such other statements as the county assembly may require; and(g)a statement on the summary of the accounts from the county assembly.(3)The County Treasury shall ensure that the statements and summaries referred to in subsection (2) are in a form that is in accordance with the accounting standards prescribed and published by the Accounting Standards Board from time to time.(4)Not later than two months after the end of each financial year, the County Treasury shall—(a)submit the financial statements and summaries referred to in subsection (1) to the Auditor-General; and(b)deliver a copy to the National Treasury, Controller of Budget and the Commission on Revenue Allocation.