ADVOKS GLOBAL · KENYA
South-South Centre Order
15. Annual estimates
Edition: 2022-12-31 · In force
15. Annual estimates
(1)The Board shall, at least five months before commencement of each financial year, cause to be prepared estimates of the revenue and expenditure of the Centre for that financial year.(2)The annual estimates shall make provision for the estimated expenditure of the Centre for the financial year, and in particular, the estimates shall provide for—(a)the payment of salaries, allowances and other charges in respect of the members and staff of the Centre;(b)the payment of pensions, gratuities and other charges in respect of the retirement benefits of the staff of the Centre; and(c)the proper maintenance, repair and replacement of the equipment, buildings and grounds of the Centre; and(d)the creation of such reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance or replacement of buildings or equipment or in respect of other matters as the Centre may consider necessary.(3)The Board shall approve the annual estimates at least three months before commencement of the financial year to which they relate and shall submit the annual estimates to the Cabinet Secretary for approval.(4)Once the annual estimates have been approved, the sum provided shall not be increased without prior consent of the Board given with approval of the Cabinet Secretary.(5)The Centre shall not incur expenditure except in accordance with the annual estimates approved under subparagraph (3) or with authorization of the Board given with the approval of the Cabinet Secretary and the Principal Secretary to the National Treasury.