EGERTON UNIVERSITYCl=NTRE OF EXCELliENCE IN SUSTAINABIII=

AGRICuliTURE AND AGR]BUS]NESS MANAGEMENTP.O. Box 536 -20115, Email: cesaam@egerton.ac.keEgerton Kenya Website: www.cesaam.egerton.ac.ke

Our Ref: ACE-II/EGU/CESAAM/0013

Principal Secretary,State Department for University EducationMinistry of Education,Jogoo House a, Harambee AvenueP. 0. Box 30040-00100NAIROBIEmail: es@education.go.ke_

14th February, 2020

RE: SUBMISSION OF EGERTON UNIVERSITY CESAAM SEMI-ANNUALINTERIM FINANCIAL REPORT DECEMBER 2019.

WewishtosubmittheEgertonUniversity'sCESAAMSemi-AnnuallnterimUnauditedFinancial

Report for the period ending 31St December 2019.

Enclosed, please find the copies of the Center's Semiannual Report, prepared as per The World

Bank Guidelines and the Financing Agreement.

We are most grateful for your continued support towards the realization of the ACE 11 CESAAM

Project.

Yours faithfully,

Prof. George OwuorCESAAM- CENTER LEADER

Cc Ms. Ruth charoSenoir Education Specialist, and Country Task Team LeaderAfrica RegionCounrty office, Delta Center, Menengai RoadUpper HillP.O.Box 30577-00100Nairobi Kenya

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RE

EGERTON UNIVERSITY -CESAAMAFRICA HIGHER EDUCATION CENTERS OF EXCELLENCE PROJECT (P151847)Statement of Sources and Uses of FundsFor the semi-annual period ending 31/12/2019

Sources of FundSemi-Annual Period ending31/12/2019

Cummulative forFinancialYearEnd31/12/2019

Opening Cash Balance

Government Funds (Egerton University) 186,109.80 186,109.80

World Bank IDA FundsStudentFees 48,685,072.40 48,685,072.401,073,812.54 1,073,812.54

OTHER PROJECTSTotal 15,660,786.30 15,660,786.3065,605,781.04

65,605,781.04IL:Liil-Add ReceiptsGovernmentFunds (Egerton University)

76,000.00 76,000.00

World Bank IDA Funds 117,616,922.45 117,616,922.45

Fees and Related Income 987,800.00 987,800.00

Others OTHER RESEARCH PROJECTSTotalFinancing 34,576,625.20 34,576,625.20218,863,128.69

218,863,128.69I -I--_1= -__Less: ACE Expenditure as per Project lmplementation Plan

70,641,836.901. EXCELLENCE IN EDUCATION AND RESEARCH 70,641,836.90

2. EXCHANGES TO PROMOTE REGIONAL RESEARCH & TEACHING 11,568,188.00 11,568,188.00

3. EXTERNAL GENERATION 0F REVENUE 798,000.00 798,000.00

4. ENHANCING INSTUTloNAL READINESS & OPERATIONS 10,088,468.50 10,088,468.50

5. TIMELY AND TRANSPARENCY FINANCIAL MANAGEMENT 5,273,828.35 5,273,828.35

6. JOINT RESEARCH 22,596,769.15 22,596,769.15

7. STUDENT FEES 942,800.00 942,800.008. EGERTON EXPENSES 136,277.00 136,277.00

Total uses of Funds by components 122,046,167.90 122,046,167.90

Closing Balances 96,816,960.79 96,816,960.79

Government Funds .(Egerton University) 125,832.80 125,832.80

World Bank IDA Funds . 67,931,673.10 67,931,673.10

Student Fees . 1,118,812.54 1,118,812.54

Other Externally generated funds 27,640,642.35 27,640,642.35

Total Closing Cash Balance 96,816,960.79 96,816,960.79

PREPARED BY: GABRIEL NDUNGU

SENIOR ACCOUNTANT February 1 1 , 2020

APPROVED BY: MOSES O. OUMA .

FINANCE OFFICER February 1 1 , 2020 :1 r\r*AnocE C}FFli..f.'t.``,.A-1.;`,I,`:`. f<--`J .I. --------I. _+ -

AUTHORISED BY: PROF. GEORGE OWUOR

CESAAM CENTER LEADER FeofuaryJjJ2020

EGERTON UNIVERSITY - CESAAMAFRICA HIGHER EDUCATION CENTERS OF EXCE LLENCE PROJECT (P151847)

Statement of Sources and Uses of Fundsfor the semi-annual period ending 31/12/2019

Sources of FundSemi-Annual Period

Cummulative forFinancialYearEnd

ending..31/12/2010 31/12/2019

Opening Cash Balance

Government Funds (Egerton University) 1,802.52 1,802.52

World Bank IDA Funds 471,526.12 471,526.12

Student Fees 10,400.12 10,400.12

OTHER PROJECTSTotal 151,678.32 151,678.32

635,407.08 635,407.08III`iil- 11111111111111111111111111--

Add ReceiptsGovernmentFunds (Egerton University)736.08 736.08

World Bank IDA Funds 1,139,146.95 1,139,146. 95

Fees and Related Income 9,567.07 9,567.07

Others OTHER RESEARCH PROJECTS 334,882.57 334,882.57

Total Financing 2,119,739.75 2,119,739.75

Less: ACE Expenditure as per Project lmplementation Plan 111111111111111111. EXCELLENCE IN EDUCATION AND RESEARCH 684,182.44 684,182.44

2. EXCHANGES TO PROMOTE REGIONAL RESEARCH & TEACHING 112,040.56 112,040.56

3. EXTERNAL GENERATION OF REVENUE 7,728.81 7,728.81

4. ENHANCING INSTUTIONAL READINESS & OPERATIONS 97,709.14 97,709.14

5. TIMELY AND TRANSPARENCY FINANCIAL MANAGEMENT 51,078.24 51,078.24

6. JOINT RESEARCH 218,854.91 218,854.91

7. STUDENT FEES 9,131.23 9,131.23

8. EGERTON EXPENSES 1,319.87 1,319.87

Total Uses of Funds by Components 1,182,045.21 1,182,045.21

Closing Balances 937,694.54 937,694.54-

Government Funds .(Egerton University) 1,218.72 1,218.72

World Bank IDA Funds . 657,933.88 657,933.88Student Fees . 10,835.96 10,835.96Other Externally generated funds 267,705.98 267,705.98Total Closing Cash Balance 937,694.54 937,694.54

PREPARED BY: GABRIEL NDUNGU

SENIOR ACCOUNTANT February 1 1 , 2020

haAPPROVED BY: MOSES O. OUMA a ZL>

FINANCE OFFICER February 1 1 , 2020

P3Al|CE-a-EfiTC'NIJ'^J

AUTHORlsED By: PROF. GEORGE OwuOR "REndA i+:iCESAAM CENTER LEADER Febrky 1 1 , 2prq

FFICERI `J a Ft rc, I 1 if

EGERTON UNIVERSITY -CESAAM

I+c E 8lT,J'`\1,..'-I-a-

AFRICA HIGHER EDUCATION CENTERS 0F EXCELLENC E PROJECT (P151 847)Statement of Reimbursable Eligible Expenditure Programs (EEPs)

for the semi-annual period ending...31/12/2019

Eligible Expenditure Program (EEP)Semi-Annual Periodending31/12/2018

Cummulative forFinancialYearEnd31December2019J|||II|||- -1-1EEP 1: SalariesEEP2:NonProcurable Expenditure as defined in Financing Agreement 1,228,867,739.00 1,228,867,739.00

Total EEPs 1,228,867,739.00 1,228,867,739.00y;

PREPARED BY: GABRIEL NDUNGU

SENloR ACCOUNTANT February 1 1, 2020

APPROVED BY: MoSES o. OUMA . ,i ::N

FINANCE OFFICER February 1 1, 2020 '~

~AUTHORISED BY: PROF. GEORGE OWUOR

CESAAM CENTER LEADER February 1 1 ,ng?ogo

I(,a

EOERTON UNIVERSITY . CE§AAMAFRlcA HiaHER EDucATION cENTER§ OF EXCELLENCE PROJ ECT (P151®17)

NOTES ANNEX

DroBUR8E«ENT LINKED To INI"ToftsACTroNs To BECOMPLETED

8r^Tu3 OF ACTioN8 cONPLEmoN AMouNT AILcaATED

DLll lNSTITUTIONAL READINESS

DLR 1.1 To meet conditlonB for Effectivencee completed comoleted 1.300.000.00 1,300.000.00

DLR 1 2 Doveloomem ol Delalled lmDlimentatlon Plane completed completed 1.100.000.00 1.loo.OcO.00 11.loo.000.00)

DL12 . EXCELLENCE IN EDUCATION AND RESEAF`CIJ CAPACITY AND DEVELOPMENT IMPACT

DLR 2 1 tlmelv Annual lmolimentatlon Plans cornoleted 1,loo,000.00 1.loo,000.00

DLR 2 2 Newly enrolled ofudent8 ln the ACE of which atlaect 20% must be reqlonal 90120% reflonall 50( 36% are re[lonal. and 43% female 2.GOO.000.00 2.GOO.000.00

DLR 2 3 Acoreditatlon a/ aualitv of education ProaTam8

8 new short coursesand1newPost[raduateoro[ramms

23 col.rses (21 exlstlng post graduate programs, 1newPostgraduateprogram,and8newshortcoursesdeveloped,2ofwhichmountedleAgrlbuslnessvaluechalnandResearcl`Analytlcs). ZcoiirsesIPhDand1Macunderreviewforl]enchmrklnabvVlrEiniateckUnlversitw

1.300.000.cO 300.000.00 700,000.00

DLR 2 4 Collaboration ancl DartnerhlD tor aDDlled Research and Tralnjnq 5

8 (2 lnternatlonal- fully operatlonal, 2 lntematlonalwithMoUbutStlllwoTklngonagreementslgnlng,2regional,2newlocalwithPrivatesectorpartners).1Industryconsultativemeetingwill.KenyaA5soclatlonofManufacturerslleld,also1facultyietoollngheldresourcedbylntemationalPartnerfromUSA

400,000.00 140.000.00 120.000.00

DLR 2 5 Peer. revie\rd Jounal PaD®r8 or Peer-revlewed conference I)aoer 10 34 600.000.00 BOO.000.00

DLR 2 6 Facutw and Dhd Student exchanae8 to I)romote realonal Research 4 3 1.loo,000.00 1.100,000.00

DLR 2 7 External Revenual Genera'lon USD 50.000 USD 44S.100 1,goo.000.00 1.900,000.cO

DLR 2 a lnctitulon oarticii]alino ln Benchmarkina exercise 1 1 ZOO.000.00 ZOO.000.00

DL13. Tlmolv Transparent and lnetltutlonallv R.vtw®d Flnanclal ManaaementDLR 3 1 . Timely withdrawal AODlication 8uoE>orted by Financlal ReDortlna on the CES Timely withdrawal AD COMPLETE 150.000.00 150.000.00

DLR 3 2 - Functionina Audlt Com mittee under the Univer8ltw Council Filnctlonlng Audit Co COMPLETE 150.000.00 30.000.00 90.000.00

DLR 3 3 Fundionlna lntemal Aud t For the Universltv Functlonlnl Internal A COMPLETE 150.000.00 30,OcO.00 90.000.00

DLR 3 4 Tran8i]arenov ot flnanoja I manaaemen«audlt reDor8 lntollm Flnanclal ReDods audit reDors. Interim F COMPIFTE 150,000.00 30,COO.00 90.COO.00

DL14. TI MELY AND AUDITED PROCUREMENT

DLR 4 1 "melv Procurement audit report Tinelv I.rocurement a COMPLETE 300.000.00 300.coo.00

DLR 4 2 Tlmelv and satisfactorv Procurement I]ro(Tess report Tlmelv and satlsfacto COMPLETE 300,000.00 300,000.00

`.I1 I -PREPARED av: GABRi[i NDUNGu ~ -

AppROvE,,ay MOsEs:E:;i;ccc[oOuF:CAE: ::::=::: .keD f:¥F.

4--,_i`[+C.E_oF`RI-f}'`,J!..JJ,/

-~=IillJt:nl^a=l-=`.h~-.,-J-i,

AUTHORISED BV: PROF. GEORGE OWUOR

CESAAM CENTER LEADER Flbruarv '11. 2420 7T_u