By NATION TEAMMore by this AuthorThe latest Auditor-General’s report reveals how a county operated 17 illegal bank accounts and had half a billion shillings worth of unsupported expenditure. PETTY CASHMr Edward Ouko’s report says the county operated 21 bank accounts, three of them at the central bank and 18 with commercial banks, one of them an imprest account. “The seven accounts held with the commercial banks were contrary to the PFM (Public Finance Management) regulations, which stipulate that all county government bank accounts shall be opened at the Central Bank of Kenya except for imprest bank accounts for petty cash,” the auditor says. The auditor also questions a Sh3.6 million difference between the money collected and the amount banked, noting that Sh143 million revenue for that year could not be ascertained. Also, the report details how Nakuru and Nyandarua counties failed to meet their local revenue collection targets for the financial year 2015/2016.

Source: Daily Nation November 16, 2017 19:41 UTC