Issue - meetings

Strategic risks - 2021/22

Meeting: 25/03/2021 - Executive (Item 81)

81 Strategic Risks - 2021/22

Executive Member for Corporate Policy and Resources.

Supporting documents:

Decision:

RESOLVED:

 

To approve the strategic risks for 2021/22 as detailed in annex 1 of the report.

Minutes:

The Executive Member for Corporate Policy and Resources, Councillor Lewanski, introduced the report by explaining that strategic risks were those risks that had an impact on the medium to long term ambitions and priorities of the Council as set out in the Corporate Plan and Medium Term Financial Plan. Annex 1 to the report detailed the proposed strategic risks for 2021/22.

 

There were two key differences from the 2020/21 strategic risk register:

·         SR1 – Brexit was recommended for closure in the Quarter 3 2020/21 risk management report.

·         SR4 – Partner public sector funding decisions. It was expected that this risk would be recommended for closure in the Quarter 4 2020/21 risk management report.

 

Councillor Lewanski explained that the Audit Committee considered the report at its meeting on 11 March and made no formal observations or recommendations to the Executive.

 

In response to a question from a Visiting Member it was confirmed that the residual risk around the UK leaving the European Union was proposed for inclusion under economic prosperity risks.

 

A Visiting Member expressed concern around SR11 reform of planning and the potential impact on affordable housing in the Borough. The Leader acknowledged this concern, which the Executive shared, and confirmed that the Council had been clear about the risk to affordable housing provision in response to the Government’s white paper.

 

RESOLVED:

 

To approve the strategic risks for 2021/22 as detailed in annex 1 of the report.


Meeting: 11/03/2021 - Audit Committee (Item 31)

31 Strategic Risks - 2021/22

To note the identified strategic risks for 2021/22 as detailed in annex 1 and make any observations to the Executive.

 

Supporting documents:

Minutes:

Councillor Lewanski introduced the item stating that strategic risks were defined as those risks that had an impact on the medium to long term ambitions and priorities of the Council as set out in the Corporate Plan and Medium-Term Financial Plan (MTFP).

 

Annexe 1 of the report detailed the proposed strategic risks for 2021/22 and the risks had been updated to reflect the anticipated position as of 1 April 2021.

 

The key differences from the 2020/21 strategic risk register were:

 

·         SR1 – Brexit. This was recommended for closure in Q3 2020/21 reporting; and,

·         SR4 – Partner public sector funding decisions. It was expected that this risk would be recommended for closure in Q4 2020/21 reporting. As reported in the Q3 risk update agenda item, this was due to the Council’s funding reliance on the County Council reducing. This meant reduced potential impact of any funding or budgetary decisions made by the County Council for this Council. The recommendation for closure was Q4 would align with the agreement of this Council’s and Surrey’s 2021/22 budgets.

 

Following the Committee meeting, the 2021/22 strategic risks would be considered by the Executive for approval at its meeting on 25 March 2021.

 

Members were assured that red rated risks were actively regarded and not just considered quarterly. The Committee was reminded that only red rated operational risks were reported to the Committee.

 

A Member of the Committee asked if it was premature to close SR1 - Brexit as risk, however in response it was stated that the UK had now passed through the Brexit process and had left the EU. Any trade deals that could follow would be outside this process.

 

RESOLVED that the Committee notes the identified strategic risks for 2021/22 as detailed in annex 1.