ADVOKS GLOBAL · KENYA
Public Finance Management Act
185. Annual reporting by the County Treasury on county corporations
Edition: 2026-09-25 · In force
185. Annual reporting by the County Treasury on county corporations
(1)Not later than four months after the end of each financial year, the County Treasury shall prepare and submit to the county assembly a consolidated report summarising the extent of county government involvement or investment in, or funding of, all county corporations and county government-linked corporations for the financial year.(2)The report in subsection (1) shall include information on—(a)the date of incorporation and objects of the county corporation;(b)the amount of county government shareholding, directly or indirectly, in the county corporation;(c)any changes in the shareholding of the county corporation during the financial year;(d)the amount of any funding in the form of grants or subsidies provided by the county government to the county corporation or public entity, excluding profit making entities, during the financial year;(e)the amount of any loans made by the government to the county corporation, during the financial year;(f)the cumulative amount of undischarged loans in respect of the corporation;(g)the amount of profit or loss of the County corporation for the financial year;(h)the amount of any revenue received by the county government from the county corporation during the financial year, including dividends, interest and proceeds from any divestiture of assets of the county corporation;(i)the payments made, or losses incurred, by the county government to meet contingent liabilities as a result of loans during the financial year, including payments made in respect of loan write-offs or waiver of interest on loans; and(j)an assessment of the financial and related non-financial performance of the county corporation for the financial year.(3)Once every three years, the County Executive Committee member responsible for matters relating to public investments shall prepare a report on the need for the county government continued involvement in, or funding of, the County Corporation or county government-linked company.(4)Copies of the reports prepared in subsections (1) and (3) shall be submitted to the Controller of Budget, the Commission on Revenue Allocation and the Auditor-General.