Decision details

Consideration was given to recommendation AU 23/43 of the Audit Committee of 25 September 2023.

Cabinet had due regard to the legal implications, risk assessment, financial and value for money and policy considerations and noted that effective risk management arrangements contributed positively to ensuring value for money was provided in the delivery of services.

RESOLVED: That

(1)          the recommendations made by the External and Internal Auditors on Risk Management as set out, be noted;

(2)          the updates to the Strategic Risk Register since the last iteration, with particular emphasis on those risks categorised as RED (set out below), and the direction of travel for all risks, be noted:

·                     Financial position/budget deficit;

·                     Economic stability;

·                     Savings and Transformation Strategy;

·                     Local Plan;

·                     Organisational development, including recruitment and retention/skills mix;

·                     Homes for Ukraine Scheme;

·                     Implementation of the Agile software system;

·                     Political factors including stability of political leadership and decision making;

·                     Performance management; and

·                     Carbon Neutral 2030 Aspiration

(3)          the approach proposed within paragraph 1.3 for reporting back to the Audit Committee at the next cycle of meetings, be endorsed;

(4)          in light of the Auditor’s Annual Report, the property asset management provision be reviewed in relation to the Organisational Development risk; and

(5)          a report be provided at the next meeting of the Audit Committee on the implementation of the Agile software system.