Treasury Risk Management Toolkit for Local Authorities

Written by and for treasury practitioners, this provides both a conceptual framework and a practical set of tools for managing treasury risk, which is a priority for local authorities rather than maximising return.

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Treasury Management in the Public Services: Code of Practice and Cross-Sectoral Guidance Notes (2011 Edition)

The Treasury Management Code has been developed to meet the needs of local, police and fire authorities, registered social landlords, further and higher education institutions, and the National Health Service.

The recommendations made in the Code provide a basis for all these public service organisations to create clear treasury management objectives and to structure and maintain sound treasury management policies and practices.

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Treasury Management in the Public Services: Guidance Notes for Local Authorities including Police Authorities and Fire Authorities (2011 Edition)

These revised sector-specific guidance notes draw attention to the requirements of statutes and regulations, and to common practices and current issues specific to local authority treasury management. They are the practical companions to Treasury Management in the Public Services: Code of Practice and Cross-sectoral Guidance Notes. For more details and to order to your copies click here.

The Prudential Code for Capital Finance in Local Authorities (2011 Edition)

The Prudential Code is a professional code of practice to support local authorities in taking capital investment decisions. Local authorities determine their own programmes for capital investment in fixed assets that are central to the delivery of quality local public services in accordance with the Prudential Code. For more details and to order to your copies please click here.

Practitioners' Guide to Capital Finance in Local Government (2008)

In a single comprehensive volume, the guide offers you full analysis of capital finance arrangements under the Prudential Code, and provides explanations and definitions of capital expenditure, credit arrangements and capital financing including minimum revenue provision (MRP) arrangements and local authority borrowing. It uses worked examples throughout to allow practitioners to apply theoretical concepts to practical examples. In carrying extracts from the relevant legislation and the Prudential Code, the aim has been to produce a one-stop guide for both those with previous local authority capital finance knowledge and those new to the subject. Click here for more details.

Capital Success: Good Practice in the Implementation of the Prudential Code (2007)

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] (2007)

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.

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.

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

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.