• Thu. Mar 28th, 2024

No Road Maintenance Levy Funds was lost-KURA Affirms

Feb 22, 2023
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Kenya Urban Roads Authority (KURA) has come out to defend itself against Auditor-Generals report that it couldn’t account for Sh2.7 Billion.

In a statement the agency has said that the report by Auditor General did not cite any misappropriation of funds as all the Road Maintenance Levy Fund funds were fully accounted for in the Consolidated Financial statements and the RMLF financial statements.

The roads body says the Auditor General issued a qualified audit opinion on the RMLF financial statements citing lack of separate bank account as the basis of qualification.

KURA says the report did not cite any misappropriation of funds as all the RMLF funds were fully accounted for both in the consolidated financial statements and the RMLF Financial statements

“We note with Concern that this information is not factual and has been taken out of context,” the statement reads.

The agency has further stated that, the Auditor General undertook audit of the road maintenance Levy Fund, for the year ended June 30th 2021 comprising of the revenues and expenditure as well as assets and liabilities of the fund.

“Road Maintenance Levy Fund is a subset of the Authority’s Consolidated Financial statements as the authority manages other funds from various other sources including exchequer and development partners, “the report reads.

This comes after Auditor General Nancy Gathungu fingered Kura over it’s failure to account for 2.7 Billion advanced to it.

Gathungu in a report regretted that Kura did not have a separate account for this money as the funds were banked in the Authority’s main bank account.

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