|Publisher||Council of Governors (CoG)|
|Year of Publication||2017|
...This fourth quarter report fulfils the countys obligation under Section 166 of the Public Finance Management Act to prepare and publish quarterly budget implementation reports. The law specifies that these reports shall contain both financial and non-financial information. The report provide detail about revenue, expenditure, and capital projects. Information is provided at the program and sub-program level in a format that is consistent with the approved budget estimates. Reporting is also done on key targets and indicators from the original approved budget. Where possible, we have also provided information on specific projects, their location, their status, the contractors involved and explanations for variance where the projects are behind schedule. The report presents a mixed picture, but there is definite progress in certain areas. The county did not improve on its absorption of capital funds in the fourth quarter compared to the same quarter last year. The industrialization and Environment sectors had very high absorption rates, reflecting innovations in procurement and resolution of challenges from the third quarter. Nonetheless, we must do more to shore up our revenue collections though we performed well. Our land rates program should be activated, and we will be relying more heavily on compliance officers going forward. Conflicts have also stalled our progress in some parts of the county and the county will work to ensure that we are able to resolve these issues in the next quarter, through enhanced public participation.In particular, I urge stakeholders to actively scrutinize this report in order to take necessary action towards enhancement of transparency and accountability in the management of public resources as enshrined in the constitution and PFM Act, 2012. This will go a long way in providing feedback towards efficient and effective service delivery and attainment of the County Governments objectives.
|Tags||Baringo County 4th Quarter Implementation Report 2017-2018, Public Finance|