The minutes from the CIPFA VAT Committee meeting held on 8 July 2010 are now available.
Governance in Partnerships outlines the importance of good governance for local authorities' significant partnerships, and highlights some relevant resources on this topic. Value for Money and Business Process Reengineering have also been updated to reflect recent developments and new guidance.
Business Rate Supplements - Accounting Arrangements provides an overview of the legislation covering the accounting processes when a business rate supplement is in operation.
Municipal Mutual Insurance Scheme of Arrangement is a new section providing an overview of MMI and the clawback that would be triggered if it does not have sufficient funds available at any time in the future. It looks at test cases, the current position relating to MMI and the implications for authorities if clawback is triggered.
Insurance Administration and Claims Handling provides guidance on the general administration of insurance policies and handling claims made on these policies. This section has been reviewed and updated, including information on the Ministry of Justice reforms of personal injury claims and Lord Jackson's review of the costs of civil litigation.
Wholesale Markets covers the specific arrangements for wholesale markets selling to other businesses within the wider markets context. It provides a history and background, the legislative framework and an overview of financial administration and control.
Transport and Regeneration examines the role of transport factors in regeneration and offers some guidance on approaches to transport provision in developing a regeneration strategy or implementing a project. This section has been reviewed and updated.
Home Loans deals with the powers available to local authorities to provide mortgages to individuals for purchasing and improving their dwellings. As few local authorities currently make these loans, it concentrates on the administrative and financial arrangements for managing any remaining loans. The section has been revised and updated.
Asset Management examines the systems through which an organisation’s public assets, such as land, property, plant and equipment, are managed. It suggests the key controls that should be in place and the areas of potential risk that might impact on internal audit. Charities sets out some thoughts and issues to consider when developing or reviewing an internal audit function for a charity.
