ADVOKS GLOBAL · KENYA
The Charter for Alupe University
25. Annual Estimates
Edition: 2022-12-31 · In force
25. Annual Estimates
(1)Before the commencement of a financial year, the Council shall cause to be prepared estimates of all revenue and expenditure of the University for that year.(2)The annual estimates shall make provision for all the estimated expenditure of the University for the financial year concerned, and in particular shall provide—(a)for the payment of the salaries, allowances and other charges in respect of the staff of the University;(b)for the payment of the pensions, gratuities and other charges in respect of retirement benefits which are payable out of the funds of the University;(c)for the proper maintenance of the buildings and grounds of the University;(d)for the proper maintenance, repair and replacement of plant, equipment and other movable property of the University;(e)for the funding of the cost of teaching, research and outreach activities of the University;(f)for development purposes; and(g)for the creation of such funds to meet future or contingent liabilities in respect of death benefits insurance or replacement of building, plant and equipment and in respect of such other matters as the Council may deem fit.(3)Annual estimates shall be approved by the Council before the commencement of the financial year to which they relate, and shall be submitted to the Cabinet Secretary for approval, and after the Cabinet Secretary has given his approval, the Council shall not increase any sum provided in the estimates without the consent of the Cabinet Secretary.(4)No expenditure shall be incurred for the purpose of the University except in accordance with the annual estimates approved under subparagraph (3) or in pursuance of an authorization of the Council given with the prior approval of the Cabinet Secretary.