2022-03-14 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                          14 MARCH 2022


Finance
As above.
Risks & Opportunities
Council’s risk register identifies a number of risks that could impact on its ongoing financial
sustainability. In order to manage and mitigate these risks, Council uses various tools which 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.
Some examples of potential risks that may 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.
Given the recent flooding event, assessments are currently underway to assess what impact this
may have on Council’s financial position and what disaster funding opportunities may available to
offset this expenditure.

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




                                                                                             Page 25 of 29