Issue - meetings

Report of Assistant Director Finance (Section 151 Officer)

Purpose of report

To update the committee on how well the council is managing its Strategic Risks.

Recommendations

The Accounts, Audit & Risk Committee resolves:

1.1     To note the Risk Monitoring Report for Quarter 1 2025 – 26

Resolved

(1)      That the Risk Monitoring Report for Quarter 2 2025 – 26 be noted.

The Assistant Director of Finance (S151 Officer) submitted a report to update the Committee on how well the Council was managing its strategic risks.

In introducing the report, the Performance Team Leader confirmed that the Leadership Risk Register remained stable. The only change was the decrease in the score for risk L05 – Planning Applications for Major Developments, from 16 (High) to 12 (Medium) due to the service implementing an action plan following receipt of the Planning Advisory Service report earlier in the year.

In response to a question regarding risk L01 – Financial Resilience and whether any work was underway to affect a change on the rating score for this, the Committee was advised that this risk derived from the proposed changes in the way funding was allocated to councils by Central Government and as such was outside of the council’s control. The Assistant Director of Finance assured the Committee that appropriate mitigations had been implemented where possible but as details of the new funding model were unknown there was a limit as to what the council was able to do at this stage. It was anticipated that more information would be made available to the council towards the end of the year.

Resolved

(1)        That the Risk Monitoring Report for Quarter 2 2025 – 26 be noted.