Issue - meetings

That the content of the report to Cabinet is noted

Decision

That the content of the report to Cabinet is noted

Reason for Decision

To provide the Quarter 4 update on the Strategic Risk Register

Financial

None identified

Value for Money

Risk management is closely linked to the Council’s commitment to ensure that all resources are used efficiently and forms part of effective financial planning. The Council also needs to ensure that adequate provisions are in place to address anticipated risks but that these are no greater than necessary so that maximum resources are applied to services as required.  To this end the Council sets minimum target working balances for both the general fund and HRA and at the date of this report this minimum balances are secured. Budget exercises for 2014/15 have ensured that the minimum balance

requirements will also be met for the next financial year.

Risk Implications

Effective risk management is an important factor in all policymaking, planning and decision making.

Failure to manage risk effectively could have serious consequences for the Council leading to increased costs, wasted resources, prosecution and criticism under external assessments

Equalities Implications

Not applicable

Health & Safety Implications

Not applicable

Corporate Objectives

Dacorum Delivers – Risk management is an essential part of ensuring that the Council meets all of its objectives

Monitoring Officer/S.151 Officer Comments

Monitoring Officer:  

No comments to add to the report.

S.151 Officer

This is Section 151 Officer report.

Advice

The Portfolio Holder for Environmental, Sustainability and Regulatory Services noted that the Peer review had made comments on risk management and she therefore asked if there could be greater member involvement and maybe the Overview & Scrutiny Committees (OSC) could look at it.

The Corporate Director for Finance and Operations said they would look at the peer review report once it was received. Any changes required would go through the original risk setting process as well as be reported to the Audit Committee.

The Chief Executive added that members would have a chance to see the final report.

Voting

None.