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{
    "id": 867075,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/867075/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Mbooni, Independent",
    "speaker_title": "Hon Erastus Nzioka",
    "speaker": {
        "id": 13433,
        "legal_name": "Erastus Kivasu Nzioka",
        "slug": "erastus-kivasu-nzioka-2"
    },
    "content": "4. Kenya Wildlife Service (KWS) – 1 per cent. 5. County Governments – 15 per cent. 6. Kenya Roads Board operations – 2 per cent. 7. Kenya Roads Board/Cabinet Secretary priority projects – 10 per cent. The Special Funds Accounts Committee invited the Executive Director KRB being the administrator of the Fund who appeared before it on 21st June 2018. During examination of the Report of the Auditor-General on Financial Statements of KRB Fund for the Financial Year ended June 2017, the Committee observed that the audited financial statements of the Fund were unqualified as per the opinion of the Auditor-General. This indicated that the financial statements were presented fairly in all material aspects of the financial position of the Fund as at 30th June 2017. The KRB had complied with the international public sector accounting standards and KRB Act, 1999. The Committee further observed that KRB Fund had grown to Kshs63 billion in Financial Year 2017/18 and was projected to reach Kshs68 billion in the Financial Year 2018/19. The Committee noted that the KRB had made proposals for the review of the allocation criteria as contained in the amendments to Kenya Roads Bill, 2017 as follows: 1. KeNHA currently at 40 per cent proposed allocation is 35 per cent. 2. KeRRA currently at 21.8 per cent proposed allocation is 28 per cent. 3. KURA currently at 10.2 per cent proposed allocation is 10 per cent. 4. KWS stands at 1 per cent. 5. County governments stand at 15 per cent and proposed allocation is 16 per cent. 6. KRB operations stands at 2 per cent 7. KRB/Cabinet Secretary priority projects has been 10 per cent and proposed allocation is 7 per cent, out of which 1 per cent shall be for materials development and 1 per cent for research and training. The Committee made the following recommendations arising from the observations and findings during examination of the audited financial statements of the fund: The Committee observed that the KRB Fund disburses money received as per the set criteria and that the financial statements for institutions that receive the monies are audited and reported separately from those of the Fund."
}