About Baringo County Treasury
The Baringo County treasury derives its mandate from Part XIV section 131 of the County Government Act 2012 which states that financial management of County Government funds shall be as provided under the law relating to public finance. Section 103 of the Public Finance Management Act, 2012 provides for the establishment in each county government, an entity to be known as County Treasury which shall comprise of the County Executive Member for finance, the Chief Officer and departments of the County treasury responsible for financial and fiscal matters.
The functions of the County Treasury are strategic in several ways. As a main function, the Treasury is charged with the responsibility of monitoring, evaluating and overseeing the management of public finances and economic affairs of the county government.
Specific functions include ensuring that the financial management system developed by the National Treasury under section 12 of the Public Finance Management Act, 2012 is effectively applied to facilitate standard financial management including budgeting, accounting and reporting. They also include co-ordination of the county planning activities as well as the implementation of the budget at the county level in accordance with budget approved by the county assembly and to mobilize resources for funding the budgetary requirements of the County Government. The County Treasury also acts as the custodian of an inventory of the respective county government assets. It also ensures compliance at the county level with accounting standards prescribed from time to time by the National Treasury or the Public Sector Accounting Standards Board established under section 192 of the Public Finance Management Act, 2012 as well as ensuring proper management and control of, and accounting for, the finances at the county government in order to promote efficient and effective use of the county’s budgetary resources.
The Treasury is also responsible for receiving, collecting and accounting for county government revenue. While we continue to enforce the revenue raising measures approved by the Minister for Local Government under the Local Government Act CAP 246, Treasury is in the process of preparing bills to revise the law relating to imposition of rates and charges with necessary modifications, to be approved by the county assembly as provided in the Public Finance Management Act, 2012.
In order to seal all revenue leakages and ensure all funds from various revenue streams are collected, Treasury is currently mapping and registering all businesses in the county, updating the valuation role of properties with a view to benefiting from appreciation of the properties through increased rates. We are also exploring the use of outsourcing of selected revenue collection services. We shall seek to harmonize the disparities on fees charged by the former councils.