The Audit and Risk Committee of Islington Council is scheduled to consider a range of financial and governance reports. Key discussions are expected to focus on the council's draft budget for the upcoming financial year, internal audit findings, and the annual governance statement.

Draft Budget Report

A significant item on the agenda is the Draft Budget Report for 2026-27, which follows the council's budget settlement. This report, available as a Covering Report - Budget Report 2026-27 - ARC 27.1.26 and a Draft Budget Report - Executive 22.1.26, will likely detail the council's financial plans and any proposed savings. Supporting documents include the Medium Term Financial Strategy 2026-27 to 2030-31, New General Fund Savings Proposals 2026-27 to 2030-31, Previously Agreed General Fund Savings 2026-27 to 2030-31, and General Fund Management Actions 2026-27 to 2030-31.

Internal Audit Interim Report

The committee is scheduled to review the Internal Audit 2025-26 Interim Report - ARC 270126. This report, along with its appendices (Appendix 1, Appendix 2, and Appendix 3), will likely outline the progress of internal audits and any findings or recommendations.

Council Tax Base Report

The Council Tax Base Report and CF Forecast for 2026-27 is also scheduled for discussion. This includes the Islington Whole Area Taxbase 2026-27 and the Lloyd Square Taxbase 2026-27, presented alongside the main Council Taxbase 2026-27 document.

Annual Governance Statement Mid-Year Review

The committee will review the MYR AGS report 27 Jan 26 ARC jc 12.12.25, which is the mid-year review of the Annual Governance Statement. This statement is a key document for demonstrating how the council is meeting its governance responsibilities.

Treasury Management and Year-End Reports

Further financial oversight will be provided through the Committee report Treasury Mid Year 2025 New template, a mid-year review of treasury management activities. Additionally, the committee will consider the 2024-25 Audited SoA - Council Pension Fund 07.01.26 and the Draft audited 202425 Statement of Accounts for the council, along with associated appendices such as Appendix 2 - ISA260 - Islington Council and Appendix 3 - ISA260 - Pension Fund. Representation letters for both the council and the pension fund (Appendix 4 - Representation Letter DRAFT ILB and Appendix 5 - Representation Letter DRAFT ILB PF) are also listed.

Auditors Annual Report

The Auditors Annual Report 2024-25 is scheduled for review.

Arsenal Polling District and Polling Places Review

A review of the Arsenal Polling District and Polling Places is also on the agenda.

The committee will also receive updates on the Forward Plan and the Action Sheet.