Issue - meetings

Issue - meetings

Risk Management Quarterly Reporting April 2019 to May 2020

Meeting: 09/03/2020 - Audit and Governance Committee (Item 44)

44 Risk Management Quarterly Reporting to March 2020 pdf icon PDF 125 KB

Report of: the Head of Financial Services

 

Purpose of report: To update the Committee on both corporate and service risks as at 31 January 2020.

 

Recommendation: to review the risk management report and note its contents.

 

Additional documents:

Minutes:

The Committee discussed the report of the Head of Financial Services setting out corporate and service risks as at 31 January 2020.

 

Bill Lewis (Financial Accounting Manager) introduced the report and the changes from the last quarter: one new red risk relating to public health protection from the emergence of the Covid-19 coronavirus.

 

The Committee noted the report.


Meeting: 09/01/2020 - Audit and Governance Committee (Item 31)

31 Risk Management Quarterly Reporting to December 2019 pdf icon PDF 384 KB

Report of: the Head of Financial Services

 

Purpose of report: to update the Committee on both corporate and service risks as at 30 November 2019.

 

Recommendation: That the Audit and Governance Committee reviews the risk management report and notes its contents

 

Additional documents:

Minutes:

The Committee discussed the report of the Head of Financial Services setting out corporate and service risks as at 30 November 2019 and the note from the Economic Development Manager on the risks to economic growth in Oxford.

 

Bill Lewis (Financial Accounting Manager) introduced the report and noted that a revised risk strategy would be presented to a future meeting.

 

Matt Peachey (Economic Development Manager) expanded on his note and answered questions.

 

The Committee noted:

·         New local and national risk factors for economic growth including the incoming government’s priorities (eg for transport and infrastructure investment).

·         Community wealth building increased resilience, but as the Council had limited influence other anchor employers had to participate: with the constraint that local suppliers would eventually be unable to meet demand.

·         Work with the Local Enterprise Partnership, major employers, and the university sector.

·         Both the City Centre strategy and action plan and the Economic Strategy would be updated in 2020 with an aim to manage the long-term risks to economic sustainability.

·         City centre retail occupancy figures were kept up to date. The loss of a large shop (such as the imminent closure of Boswells department store) had proportionately more economic impact on than the loss of a small shop.

·         The economic impact of the proposed zero emission zone (ZEZ) had been assessed at the feasibility stage and showed long term positive benefit.

·         The lack of employment space could be off-set by repurposing vacant retail units and upper floor space across the city as well as in the city centre.

·         There was a lost opportunity to create a more vibrant city centre created by the current lack of centrally-located office space. The Local Plan would allow a more flexible approach to changes of use in the city centre.

 

The Committee noted the report, the comments and answers to questions.

 


Meeting: 23/10/2019 - Audit and Governance Committee (Item 20)

20 Risk Management Quarterly Reporting to September 2019 pdf icon PDF 396 KB

Report of: Head of Financial Services

 

Purpose of report: to update the Committee on both corporate and service risks as at 30 September 2019.

 

Recommendation: to note the content of the report.

Additional documents:

Minutes:

The Committee considered the report of the Head of Financial Services giving an update on both corporate and service risks as at 30 September 2019.

 

Bill Lewis (Financial Accounting Manager) introduced the report and answered questions. He outlined the likely impact of the increased interest rates on new Public Works Loan Board loans on the council’s housing company and noted that in some cases commercial could now be more attractive to councils seeking to borrow. However the market reaction to the PWLB rate rise is still unknown. The increased costs and uncertainty around borrowing rates for the housing company could affect house supply, which is concerning, but the impact on the council’s housing delivery programme could not currently be predicted.

 

 

The Committee noted the report and answers to questions, and requested for the next meeting:

·         An update Economic growth (reference CRR-03-18-19) - factors adversely affecting the economic growth of the city.

·         A report on Recruitment and retention (reference CRR-034-18-19) - actions taken to mitigate the identified risks around hard to fill roles including the work on recruitment procedures; the process and findings from exit interviews; and on training and development.

 


Meeting: 24/07/2019 - Audit and Governance Committee (Item 7)

7 Risk Management Quarterly Reporting as at 31 May 2019 pdf icon PDF 395 KB

Report of: the Head of Financial Services

 

Purpose of report:  to update the Committee on both corporate and service risks as at 31 May 2019.

 

Recommendation: to discuss and note the report.

 

Additional documents:

Minutes:

The Committee considered the report of the Head of Financial Services giving an update on both corporate and service risks as at 31 May 2019.

 

Bill Lewis (Financial Accounting Manager) introduced the report.

 

The Committee agreed tonote the report.