Decision Maker: Audit Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 21, 2025

Purpose:

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)