ADVOKS GLOBAL · KENYA
The Government Financial Management (Community Development Trust Fund) Regulations, 2007
5. Surplus and deficient funds
Edition: 2007-10-12 · Repealed
5. Surplus and deficient funds
(1)Any surplus funds realized in a financial year from the operations of the Fund shall be retained in a reserve account of the Fund and shall be used by the Trustees for the purpose of the Fund.(2)Any deficiency realized in a financial year shall, subject to the prior approval of the Treasury, be offset against the realized surplus held in the reserve account of the Fund.