The County Treasury is responsible for managing county finances, budgets, and economic policies. It is headed by the County Executive Committee (CEC) member for Finance, who oversees fiscal operations.
The Public Finance Management (PFM) Act of 2012 establishes the County Treasury’s role and responsibilities.
📌 Key Responsibilities of the County Treasury
1️⃣ Budgeting & Economic Planning
✔ Develops and implements financial & economic policies in the county.
✔ Prepares the annual county budget and coordinates revenue & expenditure estimates.
✔ Monitors budget implementation across county departments.
2️⃣ Resource Mobilization & Revenue Collection
✔ Develops strategies for raising county revenue.
✔ Coordinates resource mobilization & funding mechanisms for county projects.
✔ Oversees county debt management and establishes a debt control framework.
3️⃣ Financial Oversight & Management
✔ Ensures proper financial controls and accountability in the use of county funds.
✔ Manages public debt, financial obligations, and fiscal policies.
✔ Oversees compliance with accounting standards set by the Accounting Standards Board.
4️⃣ Reporting & Accountability
✔ Prepares financial reports & statements for the County Assembly.
✔ Provides financial data to the National Treasury.
✔ Issues financial guidelines & circulars for county government entities.
5️⃣ Auditing & Internal Controls
✔ Conducts financial monitoring & evaluation of county projects.
✔ Maintains records of County Revenue Fund, Emergency Fund & other public funds.
✔ Audits county entities to ensure transparency & efficiency.
📌 Powers of the County Treasury
✔ Access public financial management systems of any county entity.
✔ Suspend funds or take action against non-compliant county entities.
✔ Inspect county financial records & documents.
✔ Require county officials to provide financial explanations.
✔ Set and enforce financial management standards across the county.
🚀 The County Treasury plays a crucial role in ensuring financial discipline, proper resource utilization, and economic growth within the county government!
