Agenda item

To receive and consider the report of the Responsible Financial Officer.

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

In accordance with its responsibility for the Council’s governance and financial oversight in line with the Accounts & Audit Regulations 2015, the Committee considered an updated Risk Management Policy and Risk Assessment, comprising nine sections. An action plan was included at the end of the documents and compiled various risks, including malicious representation.

The Responsible Financial Officer (RFO) proposed that, in future, this process be undertaken earlier in the year, suggesting September 2026 as the most appropriate timing, in advance of the annual budget-setting process.

Recommended:

1.      That the report be noted and,

2.      That, the Risk Management Policy & Corporate Risk Assessment for the financial year 2025-26 be endorsed and signed by the Chair and,

3.      That, a future corporate risk assessment be considered at the September meeting on this Committee.