The manual has been prepared by the Ministry of Urban Development, Government of India with the support of Office of the Comptroller and Auditor General of India, USAID FIRE-D Project and the National Institute of Urban Affairs, New Delhi. The consultant being Infrastructure Professional Enterprise [P] Ltd.

It has been designed for the use of the staff of the Urban Local Bodies (ULBs) to facilitate bringing on record the value of municipal assets determined during the preparation of opening balance sheet and also determine the appropriate value, useful life and depreciation of municipal fixed assets and their reporting in the financial statements. The manual shall increase the effectiveness of control over municipal fixed assets. It shall also assist the ULBs to present their true and fair financial position, facilitate budgetary planning and control over resources.

The manual like its predecessor the National Municipal Accounting Manual lays down policy level guidance in respect of asset valuation. The States of the Union may adopt it sue-motto to suit their needs in line with their respective accounting manual and ULB requirements.

Download Manual