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.
Download the Contents: Word | PDF
Download the Foreword: Word | PDF
Book £225.00
CD-ROM £495.00 (excl. VAT)
This price includes a licence giving the purchasing local authority, RSL or PCT copyright waiver so the information contained on the CD-ROM can be shared with all bona fide employees, elected members and non-executive board members. Details of licensing arrangements for other categories of purchaser are available from CIPFA’s Publications Department.
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Note: CIPFA developed The Prudential Code for Capital Finance in Local Authorities as a professional code of practice to support decision making. Local authorities and the Mayor of London are required by legislation to have regard to The Prudential Code when taking their decisions within the prudential framework for capital investment.
The Prudential Code for Capital Finance in Local Authorities was published by CIPFA in October 2003 and applies throughout Great Britain.
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