ADVOKS GLOBAL · KENYA
Public Finance Management Act
81. Annual reporting by accounting officers
Edition: 2026-09-25 · In force
81. Annual reporting by accounting officers
(1)At the end of each financial year, the accounting officer for a national government entity shall prepare financial statements in respect of the entity.(2)The accounting officer shall include in the financial statement—(a)appropriation accounts, showing—(i)the services for which the appropriated money was spent;(ii)the actual amount spent on each service;(iii)the status of each vote compared with the appropriation for the vote;(iv)a statement explaining any variations between the actual expenditure and the sums voted; and(v)any other information specified by the National Treasury;(b)a statement of the entity’s debt which 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 the recurrent Vote, development Vote and funds and deposits;(e)a statement of the accounting policies followed in preparing the financial statement; and(f)a statement of the national government entity’s performance against predetermined objectives.(3)The accounting officer shall prepare the financial statements in a form that complies with the relevant 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 accounting officer for the entity shall—(a)submit the entity’s financial statements to the Auditor-General and a copy of the statement to the Controller of Budget, the National Treasury and the Commission on Revenue Allocation; and(b)publish and publicise the financial statements.(5)In the case of an entity that is a state corporation, the accounting officer shall submit the corporation’s financial statements to the Cabinet Secretary responsible for matters relating to that corporation who shall, upon approving it submit a copy to the Cabinet Secretary.