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Publications

For further details on the publications listed below or to purchase online, please click on the title or go to the CIPFA Shop.

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Capital Success: Good Practice in the Implementation of the Prudential Code

The introduction of the Prudential Framework is a striking success for local government. It has given local authorities the freedom to make their own capital investment decisions based on locally calculated indicators reflecting their individual circumstances. This new title shows what has already been achieved and provides inspiration for the delivery of yet more service improvements in the future. Click here for more details.

Treasury and Investment Management in UK Local Authorities: Guidance Notes for Practitioners on Financial Instruments [Chapter 4 of the 2007 SORP]

This timely title provides treasury managers and other practitioners with comprehensive guidance on the implications of the new SORP from a treasury management perspective and includes, in a significant development for CIPFA and users, an early release of the relevant chapter of the forthcoming SORP Guidance Notes for 2007/2008.

The Prudential Code for Capital Finance in Local Authorities: Fully Revised Guidance Notes for Practitioners 2007 (2007)

The Prudential Framework for local authority capital investment was introduced through the Local Government Act 2003 and the Local Government in Scotland Act 2003. Since its introduction the Prudential Code has had a real beneficial impact on the way local authorities plan for and finance capital investment. During this period there have been a number of changes in both accounting policies, through changes to the SORP, and legislation.

Whilst the Prudential Code as a principles-based code has itself remained unchanged, CIPFA has totally revised and updated the guidance notes for practitioners to reflect these significant changes and the experiences of practitioners to date.

The guidance concentrates on the application of the Code in respect of issues of affordability, prudence and sustainability. It is commended to finance professionals within local government and to others, especially service and property managers, seeking a thorough understanding of its technical application.

Treasury Management in the Public Services: Anti-money Laundering - Cross-sectoral Guidance Notes Update (2006)

This is a revised section on the subject of money laundering, originally published in CIPFA's Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes. The revision reflects changes in the law and regulation of money laundering in the UK, most notably as a result of the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2003. It also summarises the guidance given by CIPFA in its 2005 publication on the subject, Proceeds of Crime (Anti-money Laundering) - Practical Guidance for Public Service Organisations, applying it specifically to treasury management in the public services.

Treasury Management in the Public Services: Guidance Notes for Local Authorities including Police Authorities and Fire Authorities (Fully Revised Second Edition 2006) (2006)

CIPFA is releasing a fully revised edition of its sector-specific guidance notes for local authorities, including police authorities and fire authorities, the practical companion to Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes.

This guidance is a complete update of the original publication, taking account of the major changes in the legal and regulatory framework of local authority treasury management over the last four years. These changes have included:

the guidance notes on local authority investment in England and Wales issued in March 2004.

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Guidance for Smaller Public Service Organisations on the Application of the CIPFA Code of Practice for Treasury Management in the Public Services (2004)

CIPFA has published this guidance because it recognises the potential difficulties that smaller organisations have in implementing the Code of Practice for Treasury Management in the Public Services in full. Many smaller organisations (and by that we mean small districts, some higher and further education establishments, and registered social landlords) have limited treasury management activities and/or resources. What this guidance does is to indicate how such organisations can apply the Code's recommendations in key areas without compromising the underlying principles. But no organisation, whatever its size, should compromise the over riding need for effective risk management.

CIPFA's Code of Practice acknowledged the difficulty that smaller organisations would face in applying the Code in full. CIPFA's Treasury Management Panel has therefore undertaken further research into the experiences of a broad range of organisations which have applied, or have considered applying, the Code to their particular circumstances, and the issues they faced. Research was based on a questionnaire and follow up case studies. This guidance summarises the research, and sets out CIPFA's suggestions about how the Code's recommendations may be interpreted and applied to smaller organisations.

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The Prudential Code for Practical Finance in Local Authorities (2003)

CIPFA has played a key role in the development of the prudential framework for capital investment by local government. This will replace the present complex regulatory frameworks in England, Wales and Scotland. The new system will be one based largely on self-regulation by local authorities. At its heart will be the CIPFA Prudential Code for Capital Finance in Local Authorities. This is potentially the most significant and positive change in local authority finance for decades and will enable authorities to take greater control of their investment in the fixed assets that are central to the delivery of quality local public services.

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Treasury Management in the Public Services:
Code of Practice and Cross-Sectoral Guidance Notes (2001)

Recent developments in public services treasury management are numerous. They include, for example, the increasing size and complexity of the public services’ treasury management activities, the demands placed on them, the growth of cross-sectoral partnerships and the sophistication of the financial and money markets.

To enable you to keep pace, CIPFA has produced this pan-public services Code complete with cross-sectoral Guidance Notes. All previous sector-specific versions have been consolidated and updated into one generic volume.

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PFI & PPP: Stewardship Issues - A guide for finance directors in the public services (2001)

In 2000, through the work of a reference group of the Panel, CIPFA published fully revised guidance notes for practitioners on capital accounting arrangements under Part IV of the Local Government and Housing Act 1989.

The notes will be invaluable to practitioners in managing the capital programmes of their authorities and in preparing the accounts entries necessitated by transactions that come within the scope of Part IV. Authorities which pay due regard to the content of this publication should avoid problems with their external auditors.

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