Issue - meetings

Risk management - Q3 2021/22

 

 

Meeting: 24/03/2022 - Executive (Item 75)

75 Risk Management - Q3 2021/22

Executive Member for Corporate Policy and Resources.

Supporting documents:

Decision:

 

RESOLVED:

 

That the Executive note the Q3 2021/22 update on risk management provided by the report and associated annexes.

Minutes:

Members received an update on risk management in Q3 2021/22 from October to December 2021.

Executive Member for Policy & Resources reported that no new strategic risks had been identified and no strategic risks were recommended for closure. There was one red-rated operational risk which had been considered by the Audit Committee on 15 March 2022.

Executive agreed to approve the recommendation.

RESOLVED:

1.    That the Executive note and approve the Q3 2021/22 update on risk management provided by the report and associated annexes.

 

 

 

Meeting: 15/03/2022 - Audit Committee (Item 38)

38 Risk management - Quarter 3 2021/22

To note the Quarter 3 2021/22 update on risk management provided in the report and associated annexes and make any observations to the Executive.

Supporting documents:

Minutes:

The Committee was apprised that the report provided an update on risk management in Quarter 3 2021/22. It was noted that there were no new strategic risks identified, there were no strategic risks recommended for closure and at the end of Q3 there was one red rated operational risk, the detail of which was provided in the part 2 exempt annex.

 

In reference to SR6, reliance on the welfare system, it was questioned why the direction of travel pointed downwards within the report when there was the likelihood of prolonged cost of living rises and inflation. It was explained that this was the position at the end of quarter 3. However, the authority was aware that there had been a number of changes since December 2021 and this position would continue to be monitored.

 

Members questioned the overall risk around inflation in respect of the Council’s financial sustainability (SR2) and reliance on the welfare system (SR6). Additional information on the potential impacts of inflation had been circulated prior to the meeting in response to an advance question. These risks would continue to be monitored throughout the year in the quarterly budget monitoring reports which were considered by the Overview and Scrutiny Committee and Executive.

 

RESOLVED that:

 

The Committee note the Q3 update on risk management provided in the report and associated annexes.