Under Article 209 of the Constitution, the national government entities may impose user-charge and fees for services they provide. Consequently, the finance office has been charged with the responsibility to collect revenue on behalf of the institute based on the service delivered. School fee is the major source of revenue and is based on the approved fee structure. Students are encouraged to register with Kenya University and colleges central placement service (KUCCPS) through the Institute Registrars office to enable them to benefit from government capitation. Students are further advised to apply for HELB loans and bursaries through the Dean’s office to enable them to reduce the fee burden and concentrate on their studies and training.
Fees payment methods:
- Fees can be paid through bankers cheque in favor of RIAT INSTITUTE
- Or Direct deposit at National Bank Kisumu Branch
Account Name: RIAT INSTITUTE
Account Number: 01020023523500
- Through Pay Bill No.3131419 account Trainees’ Name and Admission Number
The finance department is also responsible for expenditure management. Procurement for goods and services is done by the designated procurement department as per the public procurement and Assets Disposal Act of 2015 and relevant regulations. The institute is happy to report that for the last three years we have had no pending bills. This has been possible by prudent financial management and effective and efficient controls put in place. We have also complied with all statutory obligations including tax laws, NSSF, NHIF, and NITA.
The accounting procedures and processes are computerized (with the use of Enterprise Resource Planning) and duties are properly segregated. This is to ensure that resources are protected, accounting information is accurate and complete, and can be used with confidence in decision making. The use of Enterprise Resource Planning has increased efficiency in service provision in the department. Students can confirm fee status online and financial reports are automatically generated. The department is also tasked to provide timely financial reports for decision making. These reports are prepared in conformity with International Public Sector Accounting Standards Accruals (IPSAS Accruals). The reports also conform to the requirement of the Public Sector Accounting Standard Board of Kenya (PSASBK) and relevant circulars issued by the National Treasury from time to time. Finally, the accounts of the Institute are subjected to the Audit by the office of the Auditor-General as per the Public Audit Act of 2015.