Issue - meetings

REPORT OF THE SERVICE DIRECTOR – RESOURCES

A year end report on the Councils' Risk Management Governance for 2024/25.

RECOMMENDED TO CABINET: That Finance, Audit and Risk Committee note and provide recommendations to Cabinet on this year-end Risk Management Governance update, for referral on to Full Council.

REASONS FOR RECOMMENDATIONS:

(1)    Cabinet has responsibility for ensuring the management of risks.

(2)    This Committee has responsibility to monitor the effective development and operation of risk management.

Audio recording – 1 hour 42 minutes 46 seconds

The Director – Resources presented the report entitled ‘Report on Risk Management Governance (Year-End Update)’ and highlighted that:

·       The mitigating actions and ongoing controls for identified risks were highlighted at Table 2 in the report.

·       Actions completed since the mid-year update were in bold italics to indicate how mitigating activity was progressing. 

·       Some target risk scores were the same as actual risk as the Council had limited control over the risk, an example was cyber security. They were kept on the risk register as still actions to do and to maintain focus.

·       An overview of new and archived risks was included at paragraph 8.4 of the report.

·       All archived risks were included in Appendix A to the report.

The following Members asked questions:

·       Councillor Paul Ward

·       Independent Member John Cannon

In response to questions, the Director – Resources stated that:

·       The Government had announced there would be a 3-year settlement, but the specific financial amount had not yet been announced.

·       The report was a snapshot at the current time but also featured reflection on the last Civic year.

·       Details of all risks were accessible to all Councillors via Ideagen. The Intranet provided a user guide and guest log in details.

Councillor Vijaiya Poopalasingham proposed and Councillor Paul Ward and, following a vote, it was:

RECOMMENDED TO CABINET: That Finance, Audit and Risk Committee note and provide recommendations to Cabinet on this year-end Risk Management Governance update, for referral on to Full Council.

REASONS FOR RECOMMENDATIONS:

(1)   Cabinet has responsibility for ensuring the management of risks.

(2)   This Committee has responsibility to monitor the effective development and operation of risk management.