CAP. 221
Kenya Broadcasting Corporation
[Rev. 2012]
(2) The annual estimates shall make provision for all the estimated expenditure
of the Corporation of 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 Corporation;
(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 Corporation;
(c) for the maintenance of the buildings and grounds of the Corporation;
(d) for the proper maintenance, repair and replacement of any installation
and of the equipment and other moveable property of the Corporation;
(e) for the funding of the broadcasting services and training and research
activities of the Corporation;
(f) for the creation of such funds to meet future or contingent liabilities
in respect of retiring benefits, insurance or replacement of buildings
or installations or equipment and in respect of such other matters as
the Board may think fit.
(3)
Annual estimates shall be approved by the Board before the
commencement of the financial year to which they relate, and shall be submitted
to the Minister for approval and after the Minister has given his approval the Board
shall not increase any sum provided in the estimates without the consent of the
Minister.
(4) No expenditure shall be incurred for the purposes of the Corporation except
in accordance with the annual estimates approved under subsection (3) or in
pursuance of an authorization of the Board given with the prior approval of the
Minister.
43. Accounts and audit
(1) The Board shall cause to be kept all proper books and records of account
of the income, expenditure and assets and liabilities of the Corporation.
(2) Within a period of four months after the end of each financial year, the Board
shall submit to the Auditor-General (Corporations) the accounts of the Corporation
together with—
(a) a statement of income and expenditure during the year; and
(b) a statement of the assets and liabilities of the Corporation on the last
day of that year.
(3) The accounts of the Corporation shall be audited and reported on annually
by the Auditor-General (Corporations) under Part VII of the Exchequer and Audit
Act (Cap. 412).
(4) The expenses of and incidental to the auditing of the accounts of the
Corporation shall be borne by the Corporation.
[Issue 1]
K3 - 15