Issue - meetings

Report of Assistant Director – Customer Focus

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 2024-25.

Resolved

(1)  That the Risk Monitoring Report for Quarter 1 2024-25 be noted.    

The Assistant Director Customer Focus submitted a report to update the Committee on how well the Council was managing its Strategic Risks.

In introducing the report, the Head of Finance (Deputy Section 151 Officer) advised that there was only one change in the Leadership Risk Register, risk L13 Monitoring and management of Major Infrastructure Projects and Programmes as the residual risk level had decreased in rating from 12 (medium risk) to 9 (low risk). This was due to the mitigating actions that had been put in place such as an increase in the cycle of meetings between Oxfordshire County Council and the Cherwell District Council along with the completion or near completion of the some of the projects. This resulted in a new risk being added to the Risk Register that would cover wastewater treatment capacity, electricity supply at sites in Bicester and transport infrastructure across a number of sites.

Resolved

(1)  That the Risk Monitoring Report for Quarter 1 2024-25 be noted.