KICC revenue shortfall

By Mercy Imali

Revenue collection at the KICC fell by Ksh 713.4 million for the 2017/18 financial year. This is according to a report by Auditor-General Edward Ouko. In comparison, KICC collected Ksh 1.31 billion in the 2016/17 financial year. The report is before the National Assembly’s Public Investment Committee (PIC).

It says that KICC collected a paltry 46.5 percent (Ksh 620.8 million) of the amount projected in the 2017/18. The premier convention centre had a budget of Ksh1.33 billion. The report adds, “The huge shortfall of revenue was not explained.”

Notable is that Ksh 696.79 million is recorded as long outstanding debts in unpaid rents and parking fees, among others. Most of the money is owed by government ministries and departments.

The National Assembly is listed as having a Ksh47.3 million debt.  Defunct government ministries owe Ksh 60.6 million and Ksh 5.4 million by former staff.

The report states that further investigations with the said debtors reveal that the said debts were not recognised as pending bills in those institutions.