Government Financial Management (Kenya Energy-Sector Environment and Social Responsibility Programme Fund) Regulations, 2007 (L.N. No. 188 of 2007)

5. There shall be paid out of the: Fund payments in respect of any Paymentsout of expenses incurred in pursuance of the object and purpose for which the I"" Fund. Fund is established. b. 'Ine expenditure incurred on the Fund shan be on the basis of, Expenditure on the Fund. and limited to. annual work programmes and COst estimates which-shall be prepared by the officer administering the Fund at the begfflliing of the financial year to Which they relate,

7. All receipts, earnings and accruals to the FUnd, am! the balance Retentionof of the Fund at the close of each financial year shall be retained by the ~ei"tsand Fund for purposes for which the Fund is established.

8. Existing Government financial and procurement regulations '"""'" A.ppIitUion of finaru;iaJ Ind and procedures shall apply in the administration of the Fund. procurement ~mn..

9. (I) The officer administering theFund sh'811- AdminismtioO of tile Fund, (a) open and operate a bank account at a bank to be approved by the Minister for the time being responsible for finance into which aU the monies due to the Fund shall be paid; (b) supervise and monitor expenditures to ensure compliance with approved annual budgets: (c) cause to be kept books of accounts and other books and records in relation to the Fund of all activities and undertakings financed from the Fund; (d) pH::pUI"t:. stgu and cansurn W lim Controller anc AU(I!wr· General, in respect of each financild year and wilbin three months after the end thereof, a statement of accounts relating to the Fund and showing the expenditure incurred frem the Fund, and !jhch etl:'lail.. :I" thl', Min;"'l:'r for the time being responsible" for Finance may from time to time direct, in accordance 'with the provisions of the Public Audit Act, 2003; No. 120f2003. and (l') furnish such additional information as he may deem to be proper and sufficient for the purpose of examination and audit by the Controller and Auditor-General in accordance with the provisions of the Public Audit Act, 2003. No. 12of2003. (2) Every statement of account shall include detailll of the balance between the assets and liabilities of the Fund. and shall indicate the financial status of the Fund as at the end of the financial year concerned. to. In thc cvc nt 'of winding up of the Fund, the ...aah t.1l1411"'1:0~ Clo.u<~ "fol... Fund. shall be transferred to the Exchequer while other assets of the Fund shall be transferred to the Government. Dated the 17th October. 2007. AMOS KIMUNY A, Mimster for Find.nc~.