ADVOKS GLOBAL · KENYA
Public Finance Management Act
164. Annual reporting by accounting officers
Edition: 2026-09-25 · In force
164. Annual reporting by accounting officers
(1)At the end of each financial year, the accounting officer for a county government entity shall prepare financial statements in respect of the entity in formats to be prescribed by the Accounting Standards Board.(2)The accounting officer shall include in the financial statements—(a)appropriation accounts, showing—(i)the services for which the appropriated money was spent;(ii)the amounts actually spent on each service; and(iii)the status of each Vote compared with the appropriation for the Vote; and(iv)a statement explaining any variations between the actual expenditure and the sums Voted; and(v)any other information specified by the County Treasury;(b)a statement of the entity’s debt that is outstanding at the end of the financial year;(c)a statement of the entity’s debt guaranteed by the national government as at the end of the financial year;(d)a statement of the entity’s assets and liabilities as at the end of the financial year in respect of—(i)each Vote, clearly identifying between recurrent and development expenditure; and(e)a statement of the accounting policies followed in preparing the financial statement; and(f)a statement of the county government entity’s performance against predetermined objectives.(3)The accounting officer shall prepare the financial statements in a form that complies with relevant accounting standards prescribed and published by the Accounting Standards Board from time to time.(4)Within two months after the end of each financial year, the accounting officer for an entity shall—(a)submit the entity’s financial statements to the Auditor-General; and(b)deliver a copy of the statements to the relevant County Treasury, the Controller of Budget, and the Commission on Revenue Allocation.(5)In the case of an entity that is a County corporation, the accounting officer shall submit a copy of the county corporation’s financial statements to the County Executive Committee member responsible for that corporation who shall approve and forward the statements to the County Executive Committee member for finance.