(1) The types of agency revenue which will be
considered for revenue retention include:
the sale of agency assets, being –
livestock and animal products
crops manufactured goods
drugs
chemicals
food, ice and drinks
quarry material
by-products
books and printed material
personal computers and audio visual equipment
the rental/use of –
offices
meeting and conference rooms
drying & storage facilities
plant and vehicles
vessels
computer hardware and software
cost recovery fees –
search fees
photocopy fees
professional fees -
post-mortems
laboratory services
staff consultancies
training
All
revenue retention arrangements must be
approved in accordance with section 20 of the Act.
When
seeking approval for a revenue retention arrangement, an agency should provide the Ministry of Finance with
details of -
the type of revenue;
the amounts of revenue earned in each of the past 2 years (where
applicable) and the amount expected to be earned for each of the next 2 years;
whether the
arrangement would be on-going, for a particular time period, or for a
particular event; and
the intended use of
the profits.
After evaluating the agency’s
proposal, the Ministry
of Finance shall seek Cabinet’s approval of the revenue
retention arrangement, on behalf of the agency
concerned.
Fees and charges for agency revenue must recover at least the full
cost of providing the goods, services or works unless legislation or government
policy provides otherwise.
Action should be taken to increase
charges for goods and services for agency revenue each year by the rate of
inflation as advised by Ministry of Finance
All increases in charges for goods and
services for agency revenue must be approved by the Chief Executive Officer, unless the
increase is more than five percent (5%) per item, in which case, approval of
the Ministry of Finance is required.
(Financial Instructions 2005 s(32))