KASNEB Advanced Public Financial Management - Question 5b

Discuss FIVE functions of the Debt Recording and Settlement Department of the National Treasury. ... [Click to view full question and step-by-step solution]

April 2023

1a

Public Sector Investment and enterprise management Public Financial Management Reforms in Kenya

In a Public Private Partnerships (PPP) workshop, one of the facilitator’s noted that “there are different types of PPP arrangements which include; build operate transfer (BOT), build transfer operate (BTO), and design build finance operate (DBFO) among others”.

Explain each of the public private partnership arrangements (PPP) mentioned above.

1b

Public sector procurement The role of Accounting officer in management of Public Funds

In managing complex and specialised procurement contracts under section 151 of the Public Procurement and Asset Disposal Act, the accounting officer of a procuring entity should have in place a contract implementation team that should be in charge of reviewing contract performance and preparing status reports.

Required:

(i) Summarise THREE areas of the contract that the contract implementation team could review and report on.

(ii) Analyse FOUR contract risks that the contract implementation team could monitor and report on in their status report.

1c

Public Financial Management Reforms in Kenya Public sector Budgeting and Planning The role of Accounting officer in management of Public Funds

One of the public financial management reforms undertaken by the Government of Kenya is the implementation and operationalisation of the Integrated Financial Management System (IFMIS) which continuously aims at enhancing accountability and transparency.

Required:

(i) Identify THREE key components of the IFMIS.

(ii) Explain FOUR challenges faced by the government in its effort to streamline the operationalisation of the IFMIS.

2a

Public sector Budgeting and Planning The role of Accounting officer in management of Public Funds

Accounting officers may seek supplementary budgets by preparing supplementary budget estimates which should be within the guidelines of the supplementary budget circular and in conformity with budget guidelines issued by the Cabinet Secretary for National Treasury.

Required:

(i) Highlight TWO purposes for which a supplementary budget may be sought by accounting officers.

(ii) Explain FIVE matters that might be included in the supplementary budget estimates as per the Public Finance Management Regulations, 2015.

2b

Appointment of Receivers of Revenue The role of Accounting officer in management of Public Funds

Accounting Officers or receivers of revenue should prepare quarterly reports in respect of revenue collected by their entities not later than the 15th day after the end of the quarter.

Required:

Analyse TWO contents of these quarterly reports.

2c

Public Sector Investment and enterprise management The Office of Auditor General

The Public Investment Committee is responsible for the examination of the working of the public investments.

Required:

Summarise THREE matters that the Committee may not deal with in course of its work.

2d

Public Financial Management Reforms in Kenya Internal Auditing in the Public sector Public sector procurement The role of Accounting officer in management of Public Funds

A case study examined public funds mismanagement during emergencies such as Coronavirus (COVID-19) pandemic, where the data established that, despite robust policies and legal framework in most countries, misuse of public funds set aside for emergencies or contingencies continue to thrive unabated.

Required:

As a public finance management expert, recommend FOUR measures that could be adopted to enhance the accountability, transparency and effectiveness of public fund management during emergencies.

3a

Public sector Budgeting and Planning Management of Revenues in County Governments

County Treasuries are required to prepare a County Budget Review and Outlook Paper in respect of the county for each financial year.

Required:

Evaluate FOUR specific matters that must be included in the County Budget Review and Outlook Paper as per Section 118 of the Public Finance Management Act.

3b

Public sector Budgeting and Planning Introduction to Public Financial Management

The implementation of Public Financial Management best practices continues to face different hurdles especially those arising from the legislature. Some of the newly elected members of National Assembly might not understand their role in the Public Financial Management cycle.

Required:

Analyse FOUR roles of the legislature in respect to Public Financial Management (PFM) cycle.

3c

Public Sector Investment and enterprise management Public Financial Management Reforms in Kenya

Kenya Investment Authority (KenInvest) is a statutory body established in the year 2004 and currently operating through an Act of Parliament (Investment Promotion Act No. 6 of 2004).

Required:

Discuss TWO core mandates of this Authority.

4a

Management of Consolidated Fund Services and Exchequer Accounts Introduction to Public Financial Management

Explain the term “treasury single account (TSA)” as provided by the Public Finance Management Act, 2012, in relation to:

(i) National government.

(ii) County government.

4b

Management of Revenues in County Governments Public Financial Management Reforms in Kenya

During a conference on Comprehensive Own Source Revenue Potential and Tax Gap Study of County Governments, the key note speaker noted that “County governments have the potential to collect up to Sh. 216 billion in revenue from their key revenue streams compared to the present Sh. 31 billion annually and as such each county government should work closely with the Revenue Enhancement Committee at the office of Commission on Revenue Allocation to boost its financial standing.

Required:

(i) Evaluate FOUR responsibilities of the Revenue Enhancement Committee as mandated by Commission on Revenue Allocation.

(ii) Propose FOUR challenges faced by county governments that have led to sub-optimal performance in respect to own source revenue collection.

5a

Public sector procurement Introduction to Public Financial Management

Pursuant to Regulation 74 of the Public Procurement and Asset Disposal Regulations, 2020, upon opening of tenders, the evaluation committee should first conduct a preliminary evaluation.

With reference to the above provision, outline FIVE reasons for conducting preliminary evaluation of open tenders.

5b

Management of Public Debts in both National and County Governments The role of Accounting officer in management of Public Funds

Discuss FIVE functions of the Debt Recording and Settlement Department of the National Treasury.

5c

The Office of Auditor General Internal Auditing in the Public sector

According to the Public Audit Act, 2015. The Office of Auditor General (OAG) while conducting its audit function is required to undertake different types of public sector audits.

With reference to the above statement, explain FIVE types of public sector audits that OAG is required to undertake.

April 2023

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