Issue - meetings

REPORT OF THE DIRECTOR – RESOURCES

To provide the Committee with an update on the effectiveness of the Risk Management Governance arrangements at the Council. The review is referred on to Cabinet and the Committee can make recommendations on how we can improve our risk management arrangements.

RESOLVED: That Cabinet noted the report.

RECOMMENDED TO COUNCIL: To note the report. 

REASONS FOR RECOMMENDATION:

(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 – 59 minutes and 43 seconds

The Chair invited Councillor Sean Nolan, as Chair of the Finance, Audit and Risk Committee, to present the referral on this item. Councillor Nolan advised that there had been discussions around:

·       The usefulness of this report as it provided in depth detail of each of the risks included.

·       The report focussed on mitigating actions and included the history of progress the Council had made on managing its risks.

·       How the forthcoming 3-year spending settlement from the government would help to provide certainty on incoming funding.

·       The importance of keeping close interest over the coming year around the impending local government reform and the Churchgate development.

In response to a question from Councillor Daniel Allen, Councillor Nolan advised that there had been limited discussion regarding actions for the Digital Budget Hub risk as detailed on page 189 of the report.

Councillor Ian Albert, as the Executive Member for Resources, presented the report entitled ‘Risk Management Governance – Year End Review’ and advised that:

·       The report described activities in relation to risk management and was a combination of what had happened during 2024/25 and the position at the end of the year.

·       This report demonstrated there was active risk management and regular risk reviews and the mitigating actions for identified risks as well as identifying new risks. 

·       In the six-month period between October 2024 to March 2025 a review of all risks had been undertaken.

·       The work undertaken by the Risk and Performance Management Group was detailed in paragraph 5.1.

·       Details of the performance against risk actions for 2024/25 was highlighted in paragraph 12.2.

·       This end of year report was being referred to Full Council for an oversight of risk management activities.

Councillor Ian Albert proposed as amended and Councillor Amy Allen seconded and, following a vote, it was:

RESOLVED: That Cabinet noted the report.

RECOMMENDED TO COUNCIL: To note the report. 

REASONS FOR RECOMMENDATION:

(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.