Guidance

Capitalisation directions (excluding equal pay) 2010 to 2011

The guidance sets out the Government’s policy, application assessment criteria and process timetable for issuing capitalisation directions to…

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The guidance sets out the Government’s policy, application assessment criteria and process timetable for issuing capitalisation directions to local authorities for financial year 2010-11. Capitalisation directions permit local authorities to fund expenditure by borrowing or capital receipts, which would under normal accounting rules, need to be funded from revenue resources.