Issue - meetings

Risk management - Q4 2020/21

Meeting: 24/06/2021 - Executive (Item 9)

9 Risk management - Quarter 4 2020/21 pdf icon PDF 252 KB

Executive Member for Corporate Policy and Resources.

Additional documents:

Decision:

RESOLVED that the Executive:

1.    Note the Q4 update on risk management provided by the report and associated annexes

 

2.     Approve the closure of the strategic risk on ‘Partner Public Sector Funding Decisions’ (SR4) as detailed in the report and in Annex 2.

Minutes:

The Executive Member for Corporate Policy and Resources, Councillor Lewanski, updated the Executive on Risk Management in Quarter 4 2020/21.  Annex 1 of the report provided an update on all strategic risks, including their rating and a summary of key updates.

Councillor Lewanski highlighted the following:

·       No new strategic risks were identified in Quarter 4.

·       One strategic risk was recommended for closure which was: SR4 – Partner Public Sector Funding Decisions. This was recommended for closure as the Council’s funding reliance on Surrey County Council had reduced, thus reducing the potential impact of any funding or budget decisions that Surrey makes.

·       The impacts resulting from partner public sector funding decisions going forwards will be covered in SR2 – Financial Sustainability in the 2021/22 Strategic Risk Register.

·       There was one red-rated operational risk and the detail of this was provided in an Exempt Annex.

·       This report was considered by the Audit Committee on 10 June 2021. The Committee made no formal observations or recommendations to the Executive.

Visiting Members asked about the Strategic Risk relating to Gatwick Airport and whether the Council had a contingency plan for the anticipated increase in claims for Universal Credit once the furlough scheme came to an end. It was confirmed that the Borough was anticipating a potential increase. The Interim Head of Paid Service, Mari Roberts-Wood, said that the most significant impact would be the volume of work for staff. The Universal Credit claims that it processed on behalf of the DWP were up quite significantly.

RESOLVED that the Executive:

1.    Note the Q4 update on risk management provided by the report and associated annexes

2.     Approve the closure of the strategic risk on ‘Partner Public Sector Funding Decisions’ (SR4) as detailed in the report and in Annex 2.