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Finance · Mombasa County Assembly
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Knowledge Units
934
Structured sections prepared
Words Analysed
48,689
Approximate content size
Pages
-
Detected or estimated
Status
Active
Document lifecycle
Active
Document lifecycle
Structure Detected
Chapters
0
Parts
11
Articles
4
Sections
219
Readiness
✓ Search Ready
✓ Citation Ready
✓ AI Retrieval Ready
Advanced: View Knowledge Units
Knowledge Unit #601
27 words
(3) The Treasury Single Account shall not be operated in a manner that
prejudices any entity to which funds have been disbursed.
79
No. 18 of 2012
Public Finance Management
[Rev. 2020]
Knowledge Unit #602
38 words
(4) An accounting officer for a county government entity shall not cause a bank
account of the entity to be overdrawn beyond the limit authorised by the County
Treasury or a Board of a county government entity, if any.
Knowledge Unit #603
27 words
(5) A County Treasury shall keep complete and current records of all bank
accounts for which it is responsible under the Constitution, this Act or any other
legislation.
Knowledge Unit #604
64 words
(6) Subject to subsection (3), an accounting officer who authorises the bank
account of a county government entity to be overdrawn is liable for the full cost of
the overdrawn amount, in addition to any other disciplinary measures that—
(a) the County Executive Committee member for finance may impose
under section 156; or
(b) any other relevant authority may impose under the provisions of any
other legislation.
Knowledge Unit #605
26 words
120. Management of cash at the county government level
(1) A County Treasury shall manage its cash within a framework established
by the county assembly and by regulations.
Knowledge Unit #606
36 words
(2) Every county government entity shall submit an annual cash flow plan
and forecasts to the County Treasury in a form and manner directed by County
Treasury, and shall send a copy to the Controller of Budget.
Knowledge Unit #607
24 words
(3) The County Treasury may invest subject to any regulations that may be
prescribed, any money kept in a bank account of the county government.
Knowledge Unit #608
49 words
(4) Except as otherwise provided by other legislation, the following are payable
into the County Exchequer Account—
(a) all interest received from investments made under subsection (3);
(b) all money received from the redemption or maturity of the
investments, and from the sale or conversion of securities relating to
the investments.
Knowledge Unit #609
24 words
(5) The County Treasury may incur costs, charges and expenses in connection
with negotiating, placing, managing, servicing, or converting any investment
entered into under subsection (3).
Knowledge Unit #610
15 words
(6) Any costs, charges or expenses incurred under subsection (5) are payable
from the County Exchequer Account.