Issue - meetings

The Executive Member for Finance and Support Services submitted a report on the action taken to mitigate and control risks during July to September 2016.  The Head of Strategic Finance and Property provided a summary of the report and the monitoring arrangements.  Members debated at length the risk matrix in relation to Strategic Risks shown as “red”.

In response to a query from Councillor M Allen regarding SR 1b (Business Income significantly reduced from planning anticipated level and current levels), the Head of Strategic Finance and Property explained that the Council had set aside between £3 - 4M in the event of successful appeals and that any increase of 1% would be met from the Collection Fund reserve to mitigate the risk.

Councillor C Woodward raised the issue of SR 12 (Encouragement of economic vitality across the District) and the Hertford Urban Design Study.  The Head of Strategic Finance and Property assured the Member that there were plans to incorporate projects in Bishop’s Stortford once agreed following publication of the planning framework currently under consultation.

The Committee approved the report, as now detailed.

RESOLVED – that the action taken to mitigate and control strategic risks for the period July to September 2016, be approved.