|Publisher||Council of Governors (CoG)|
|Year of Publication||2019|
...Public entities are required to report on a quarterly basis to their Executive Authority. Section 166 of the Public Finance Management Act 2012 requires the accounting officer of a constitutional institution to submit quarterly report to the executive authority in order to facilitate effective performance monitoring, evaluation and corrective action.The law specifies that these reports shall contain both financial and non-financial information. These reports are aimed at improving transparency and enhancing oversight over the financial and non-financial performance of our institutions and public entities. This requires public entities to provide quarterly reports not only to their Executive Authorities but also to departments at the national government.A uniform system of collecting, storing, consolidating and analyzing financial and non-financial information is essential to efficient public financial management.Reporting on both financial and non-financial performance is important in measuring the performance of government institutions. While financial information (expenditure and revenue) is critical for determining the costs and efficiencies of programmes/objectives/activities, non-financial information is equally important for assessing progress towards predetermined service delivery or performance targets This report presents budget performance of the ten departments for the period of 1st January, 2020 to 31st March , 2020. It is based on analysis of reports on financial and non-financial performance submitted to the to the County Treasury, financial reports generated from the Integrated Financial Management Information System (IFMIS) and financial information analyzed from financial receipts from national treasury. In addition to performance,the report highlights the key challenges encountered by the departments in budget implementation and also contains suggested measures to address the challenges.
|Tags||baringo, county, government, Baringo County 3rd Quarter Implementation 2019-2020, Public Finance|