The Auditor General has revealed a fee racket at AIC Chebisaas, prompting stakeholders to call for accountability and the transfer of the principal

 




The most recent report from the Auditor General for the fiscal year ending June 30, 2024, highlights mismanagement and financial irregularities under the leadership of Principal Mr. Albert K. Koskei, who has been at the helm of the school since July 19, 2022.

Stakeholders are already backing the audit findings and are now demanding that appropriate actions be taken. The report indicates the existence of a cartel that is manipulating school fee accounts, where parents settle their fees, yet the records remain unupdated.

The findings have uncovered a scheme in which the school is reportedly owed Sh23 million in fee arrears. Parents have strongly refuted this claim, asserting that they pay their fees on time and that the policy has always been a "ZERO BALANCE."

They are now questioning how the school has accumulated fee arrears of Sh23 million when parents have consistently been required to clear their fees before the term concludes.

This situation suggests that there is a cartel that is misappropriating the school fees paid by parents, falsely recording them as unpaid. Parents are now insisting that the EACC and DCI be called in to investigate this cartel.

Additionally, it is alleged that Koskei operates the school as a private entity, employing coercion, intimidation, and threats against those who hold differing opinions.

According to the report, the financial assets and liabilities statement, as detailed in Note 13 of the financial statements, shows an accounts receivable balance of Kshs.23,234,280.

This amount pertains to fee arrears that have risen from last year's figure of Kshs.18,356,946. Management has not implemented adequate measures to address this increase.

Moreover, despite fee arrears totaling Kshs.2,209,486 being overdue for more than three (3) years, there is no evidence indicating how the recovery of these long-standing receivables will be accomplished.

Under these circumstances, the validity and recoverability of the accounts receivable balance of Kshs.23,234,280 cannot be verified.

It was observed that the School transferred co-curricular funds amounting to Kshs.330,000 from the operations account to the Kenya Secondary School Heads Association (KESSHA), a private organization comprised solely of School Principals, which is not governed by the Public Finance Management Act, 2012, or any other public finance regulations. Consequently, Management has violated the law.

The statement comparing budgeted and actual amounts indicates final receipts budget and actual amounts of Kshs.167,517,985 and Kshs.132,714,209, respectively, leading to an under-funding of Kshs.34,803,776 or 21% of the budget.

This underfunding has adversely affected the planned activities and may have negatively influenced service delivery.

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