2022-02-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                     14 FEBRUARY 2022


Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability.
Some examples of identified risks within the register that could have potential impact on Council’s
operational performance, capital program delivery, cashflow and cash reserves include:
•        Substantial damage to or failure of Council infrastructure due to natural disaster or other
         emergent issue that may require significant unplanned investment;
•        Closure of Council facilities due to ongoing Covid 19 restrictions;
•        A prolonged IT system failure affecting Council’s ability to deliver services or issue rates
         notices;
•        Economic conditions affecting ratepayers’ ability to pay rates;
•        Market driven increases in construction and operational costs significantly above estimates;
•        Labour and material shortages and delays.
Actions to manage and mitigate financial risk on these factors include monthly ongoing financial
reporting to identify and address issues, conservative budgeting and compliance with the Financial
Sustainability Policy, regular budget reviews, effective liquidity management to ensure sufficient
fiscal flexibility, as well as the Reserves and Restricted Cash policy requiring both a disaster
management reserve and 3 months cash cover reserves to fund emergent matters.

Consultation
External Consultation - Community & Stakeholder
Nil.

Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.

          Departments/Sections Consulted:

X      Chief Executive Officer   X   Community Services                      X   Corporate Services
       Executive Support             Director                                X   Director
                                     Community Development                   X   Financial Services
                                     Community Facilities                        Fleet
                                     Libraries & Galleries                       ICT
                                     Local Laws                                  Procurement
                                     Waste & Environmental Health                Property
                                                                                 Revenue Services

X      Executive Services        X   Environment & Sustainable Development   X   Infrastructure Services
       Director                      Director                                    Director
       Community Engagement          Building & Plumbing Services                Asset Management
       Customer Service              Development Assessment                      Buildings and Facilities
       Governance                    Economic Development                        Civil Operations
       People and Culture            Environmental Services                      Disaster Management
                                     Strategic Land Use Planning                 Infrastructure Planning,
                                                                                 Design and Delivery




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