Decision details

Quarterly update of the corporate risk register

Risk Management – Corporate Risk Register

(1)        That risk 1, Local Plan, be updated to reflect the latest position;

(2)        That Risk 5, Economic Development, be increased to A2 (Very High Likelihood, Moderate Impact);

(3)        That Risk 8, Partnerships, be increased to C3 (Medium Likelihood, Minor Impact);

(4)        That no new risks be included on the Corporate Risk Register at the current time;

(5)        That, incorporating the above agreed changes, the updated Corporate risk Register be approved; and

(6)        That the submission of a report on the financial status of the North Essex Parking Partnership to the next meeting of the Finance & Performance Management Cabinet Committee, scheduled for 18 September 2014, be noted; and

Financial Issues Paper

(7)        That the establishment of a new budgetary framework, including the setting of budget guidelines, for 2015/16 be set, including:

            (a)        the ceiling for Continuing Services Budget net expenditure be no more       than £13.146million including net growth;

            (b)        the ceiling for District Development Fund expenditure be no more than       £204,000;

            (c)        the balances continued to be aligned to the Council’s net budget     requirement and be allowed to fall no lower than 25% of the net budget requirement; and

            (d)        the District Council Tax not be increased with the Council Tax for a            Band ‘D’ property remaining at £148.77 per annum;

(8)        That a revised Medium Term Financial Strategy for the period to 2018/19 be developed accordingly;

(9)        That communication of the revised Medium Term Financial Strategy to staff, partners and other stakeholders be undertaken;

(10)      That a detailed review of fees and charges, specifically parking charges, be undertaken; and

(11)      That parish support be reduced by 15.4% in line with the reductions in the central funding received by the District Council.