Council is now preparing the financials for 2021 with budget consultations being done across the city.
We have here reproduced an information write-up on the legal frameworks and operational structure for Council relating to budgets.
MUNICIPAL BUDGETING: THE LEGAL FRAMEWORK
Municipal budgeting is conducted in accordance with the Urban Councils Act (Chapter 29: 15) and the Public Financial Management Act (Chapter 22: 19).
In particular, section 288 of the Urban Councils Act
stipulate how budget estimates are done. It points to the following:
a) Drawing up of council budget estimates for the next year before the end of any financial year,
b) Council approving its estimates with the mayor signing them off
c) Making budget estimate copies available for inspection by the public
d) Sending three copies of the budget estimates to the local government minister for his information
e) Copies of the estimates are available for purchase by any member of the public at a fee fixed by the
f) Supplementary budget estimates can be drawn up if necessary.
1.3 FINANCIAL ACCOUNTS
The financial year of any urban local authority is a period of twelve months ending on 30th June of every year.
Section 286 of the Urban Councils Act mandates local authorities to keep the following books and accounts:
Balance Sheet, Income and Expenditure Account, Parking Account, Housing Account, Consolidated Loan Account, Rates Account, Electricity Account, and Water Account.