Section 67, The Local Government Act, 2004

(1) Every local council shall cause to be prepared for itsapproval a budget for each financial year three months before the beginning of that year. (2) The budget shall– (a) subject to subsection (3) of section 85 reflect the priorities and needs of the locality as contained in the local council’s development plan; (b) balance income and expenditure by way of annual financial estimates of revenue and expenditure; Expenditure. to have bank accounts. Investment of funds. Power to borrow monies. Writing off irrecoverable debts. Councils to prepare budgets. (c) be prepared in accordance with procedures prescribed by law; and (d) be a public document and shall be posted on the notice board of the local council when approved by the council and during the whole of the financial year to which it applies. (3) A copy of the budget shall be submitted to the Commission and the Local Government Finance Committee. (4) The Ministry responsible for finance shall, after consultaion with the Ministry issue guidelines for the preparation of budgets under this section.