FOREWORD BY THE CEC
Pursuant to Section 164 of the Public Finance Management Act, the Accounting Officer for a County Government entity shall prepare and consolidate Financial Statements in respect of the entity in formats prescribed by the Accounting Standards Board. The law requires that these statements are submitted to the Auditor General, the County Treasury, the Controller of Budget and Commission for Revenue Allocation within four months after the end of each Financial Year. The attached Financial Statements which have been prepared in line with the requirements of the (PFMA), 2012, present a true and fair view of the state affairs of the County Government of Makueni for the twelve months period ending June 30, 2016.
During this period, the County Government of Makueni received Kshs 5.9 billion from the exchequer, Kshs 220.1 million from local sources, Kshs 123.5 million from donors and 75.8 million for Road Maintenance Levy. The total revenue received was Kshs 6.38 billion out of which Kshs 5.4 billion was spent leaving a surplus of Kshs 0.9 billion.
In order to ensure improved transparency, accountability and fiscal responsibility in the public sector, the County Government of Makueni is committed to prudent management of finances guided by sound financial policies and guidelines that ensure efficient utilization of resources. The County Budget and Economic forum has played a key role in supporting a sound budget process. We have also continuously updated Makueni citizens on matters of public finance through various media. The County Government is also dedicated to deliver on the promises made in her budget. This will help bolster the key objective of devolution which is to promote sustainable and equitable social, political and economic development in the County.
The main challenge faced during the period was slowed procurement due to introduction of e-procurement owing to capacity and network challenge in the County. We have, however, done our best to ensure that all procurements were timely autocreated.
As I conclude, I would like to thank the National Treasury for the support they gave during the financial year.
Mary K. Kimanzi
County Executive Committee member
Finance and Socio-Economic Planning Government of Makueni County
| File | Action |
|---|
| Makueni-County-Executive-Financial-Statements-for-the-Financial-Year-Ended-June-30-2016.pdf | Download |