Agenda item

The Committee considered a report of the Corporate Director, Resources which highlighted the strategic risks facing the Council and that gave an insight into the work carried out by the Corporate Risk Management Group during April to June 2014 (for copy see file of Minutes).

The Risk, Assurance and Governance Manager informed the Committee that there were 30 strategic risks, a reduction of 1 since March 2014 and 5 key risks. He reported that the risks were being managed effectively.

On answering a question from Mr Hoban about whether key risk 5 had been removed the Corporate Director, Resources explained that the compliance test for the Central Government Public Services Network Code of Connection criteria had been passed, and would save time and human resources by having tighter fire walls.

The Corporate Director, Resources explained how land charges were almost ready to be signed off at a settlement cost of £350-400k.  As £1m had been earmarked this was a good example to show that £600k would be taken from earmarked reserves and put back into general reserves.

Resolved:

That the report provides assurance that strategic risks are being effectively managed within the risk management framework across the Council.