The Charter to Establish Strathmore University

32. Financial Year and Budget

Edition: 2026-04-01 · In force

32. Financial Year and Budget

(1)The Financial Year of the University is the period of twelve (12) months commencing and ending as prescribed by the Statutes.

(2)In the event of any change in the Financial Year, and for the purposes of the transition from the old Financial Year to the new Financial Year, because of this change, the transitional period, whether more or less than twelve (12) months, is regarded as a Financial Year for the purposes of this Charter

(3)The Vice-Chancellor is to submit a proposed Budget to the University Council two months before the start of the Financial Year.

(4)The Vice-Chancellor shall submit Quarterly Financial Reports to the University Council within the Financial Year.

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Source: Kenya Law