Homa Bay County Approved Budget Estimates 2022/2023

Abstract

The preparation of these estimates of revenue and expenditure is a requirement under Section 129 of the Public Finance Management (PFM) Act, 2012. The PFM Act prescribes the manner in which the county resources are to be mobilized, appropriated and managed, including principles to be applied. Specifically, in section 129(2) of the PFM Act, the CEC Member responsible for finance is required to submit to the County Assembly budget estimates, together with supporting documents and any other bills required to implement the budget, except the Finance Bill. And this should be done by the 30th of April each year and, the CEC member must ensure that the estimates submitted are in accordance with the resolutions adopted by the County Assembly on the Fiscal Strategy Paper. Equally, in Section 130 of the PFM Act, the CEC Member responsible for finance required to submit to the County Assembly a budget summary that includes budget policies; an explanation of how the budget relates to the fiscal responsibility principles and financial objectives; and a memorandum explaining how the resolutions adopted by the County Assembly on the budget estimates are being taken into account.