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The PFM Act 2012 Section 103 states that “There is established for each county government, an entity to be known as County Treasury” in each county. The PFM Act 2012 legal framework is firmly anchored in Article 201 of the Constitution of Kenya and gives effect to ‘the Principles of public finaace’

 

The PFM Act states that the County Treasury to be headed by the County Executive Member in charge of Finance and Planning shall comprise the Chief Officer and the departments of the County Treasury responsible for financial and fiscal matters with the following responsibilities of monitoring, evaluating and overseeing the management of public finances and economic affairs of the county government as per the financial responsibilities provided for in the Constitution.

 

The County Treasury has been structured into six units comprising of Finance, Budget, Audit, Procurement, Revenue and Economic Planning and each with its mandates and responsibilities structured to achieve the roles of the County Treasury. The Treasury is thus tasked with the responsibility of preparing the County Fiscal Strategy Paper (CFSP) in collaboration with the other departments in the county to ensure strategic priorities and policy goals informs the preparation of the budgets