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Summary
...to take assurance from the latest risk position regarding the Council's strategic risks, acknowledge the Council Directors Team's consideration of significant risks, and request the Chief Operating Officer to reverse the risk reduction related to global economic shocks.
Full council record
Content
RESOLVED
that:
1.
That the Audit Committee takes
assurance from the latest risk position in relation to the
Council’s strategic risks including notable changes via the
Power BI Dashboard.
2. That
the Committee takes assurance that the Council Directors Team have
considered the most significant risks to the Council.
3. That the Chief Operating Officer be
requested to reverse the risk reduction relating to global economic
shocks, noting that the Chief Operating Officer has accepted that
reversal being made.
ACTION: Information circulated on
refinancing debt global potential impact; potential tariffs issues
and borrowing profile over next financial period (may be covered by
signposting Members to information provided as part of upcoming
Council agenda). (Alice Gunn/Holly Sykes/Zoe
Davies)
Related Meeting
Audit Committee - Friday, 21st February, 2025 10.00 am on February 21, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 21 Feb 2025 |