Decision Maker: Audit Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
The Case Management Officer (Support Services) presented the latest Strategic Risk Register. The Register contained all those risks above and below the line of risk tolerance. He explained that all risks above the line of tolerance had mitigations listed and the mitigations were designed to reduce the risk in terms of likelihood or impact or both and to reduce the risk from the current position on the matric to the target position.
The Case Management Officer (Support Services) informed Members that there were 16 risks listed at Appendix 1 to the report and he highlighted the six risks which were above the line of appetite. He went on to explain that a risk should reach its target positon by the target date and for a risk to be managed on schedule the mitigations must be implemented by their due dates. He added that 38% of risks were above appetite, which had seen a sharp reduction of risks positioned above appetite and highlighted that any risks in this position would be reviewed at least once per quarter.
Following a request from Members, the Director of Strategy and Innovation confirmed that a risk related to Local Government Reorganisation had been drafted that would be added to the risk register, following preliminary meetings that would provide more clarity on the next steps for the Authority.
Further discussion raised interest in the changing status of a number of risks that had been reduced and whether this reduction had been down to the active steps taken or the risks being perceived as high.
Concern was raised over the placement of two risks, the first related to the impact of the Welfare Reform on communities and the impact of new projects and initiatives on existing Council Plan priorities. The Director of Strategy and Innovation undertook to redraft risk 5 in appendix 1 to the report (Impact of the Welfare Reform on communities). The Case Management Officer (Support Services) agreed to provide a written response to update Members on the position of risk 5 and risk 13.
In response to a question on the impact of Local Government Reorganisation on Business as Usual and the potential for limitations on spending, the Director of Strategy, Innovation and Resources informed Members that some restriction could be forthcoming, it was likely that this would not apply to projects that had been included in the approved budget of the Council. He added that more information would come out as the process moves forwards and following a request from the Chairman, agreed to provide a written update on any progress on this matter.
RESOLVED – That the Strategic Risk Register, as at Appendix 1 to the report, be noted.
Report author: John Davies
Publication date: 09/09/2021
Date of decision: 29/07/2021
Decided at meeting: 29/07/2021 - Audit Committee