2022-07-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA                                                             18 JULY 2022


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 emerging issues, conservative
budgeting, compliance with the Financial Sustainability Policy, regular budget reviews, effective
liquidity management to ensure sufficient fiscal flexibility, as well as adhering to the Reserves and
Restricted Cash policy which requires that Council maintains both a disaster management reserve
and a minimum 3 months cash cover 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




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