Former Prime Minister Raila Odinga's Orange Democratic Movement (ODM) raised an income of Ksh2.16 billion in the financial year that ended June 30, 2022.
In its financial statement carried in the local dailies, the more than a decade-old party announced that a huge chunk of its income came from accrued transfers owing from the government which was Ksh1.54 billion.
Other sources for the party's funding include public contributions and donations whose figure stood at Ksh322 million while transfers received from the government was Ksh294 million.
The total income represented a 54 per cent jump from the financial year that ended June 30, 2021, which recorded a total income of Ksh1.4 billion.Nominated MP John Mbadi (left) speaks to former Prime Minister Raila Odinga.File
At the height of the campaigns in the financial year 2021/2022, the Orange party had a total expense of Ksh1.06 billion leaving a surplus of Ksh1.11 billion.
A huge part of the figure, Ksh688 million, was spent on campaign while Ksh128 million went to administrative expenses.
Other needs within ODM party were conferences and meetings which consumed Ksh93 million, branch coordination and support took Ksh65 million, Ksh47 million was transferred to National Super Alliance (NASA) partners, Ksh32 million covered party policy and advocacy, Ksh2 million was spent on civic education while Ksh881,000 was channeled to other financial costs.
The expenditure surpassed that of the financial year 2020/2021 where the party only spent Ksh309 million with biggest portions going to fund campaign activities as well as administrative expenses.
That year's expenditure left a surplus of Ksh1.09 billion.
The statement also showed that the party owns an asset-base valued at Ksh10 billion including Ksh156 million money in the bank.
Property, plant and equipment is valued at Ksh253 million while liabilities owed to creditors and accruals standing at Ksh1.8 million.
As of June 2021, the ODM party boasted of 4.5 million members, 2.4 million of which were ranked as life members of the party.
The then relatively new United Democratic Alliance (UDA) headed by President William Ruto ate into the numbers of ODM as well as the then ruling Jubilee Party.Entrance to the Ksh180 million ODM headquarters.File
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