Agenda item

To receive and consider the report of the Responsible Financial Officer (R.F.O).

The Committee received and considered the report of the Responsible Financial Officer and provided a verbal update to explain the need for a robust corporate risk assessment to be in place.

The RFO answered questions from a Member concerning the assessment of the risks included in the documents as well as the structuring of action plans to deal with issues that arose. He advised that the responsibility sat with the RFO who in conjunction  with Line Managers, worked to ensure that identified issues were action swiftly.

An error was noted in the Banking and Investments sheet, point 3 should show as a rating of 2 rather than 4.

Resolved:

1.      That the report be noted and,

2.       

That, the Risk Management Policy & Corporate Risk Assessment for the financial year 2024-25 be endorsed and signed by the Chair