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Agenda and minutes

Venue: Committee Room 1, Town Hall, Upper Street, N1 2UD

Contact: Samineh Richardson  020 7527 6229

Items
No. Item

132.

Apologies for Absence

Minutes:

Apologies were received from Alan Finch.

133.

Declaration of substitute members

Minutes:

There were no substitute members at the meeting.

134.

Declarations of interest

If you have a Disclosable Pecuniary Interest* in an item of business:

§  if it is not yet on the council’s register, you must declare both the existence and details of it at the start of the meeting or when it becomes apparent;

§  you may choose to declare a Disclosable Pecuniary Interest that is already in the register in the interests of openness and transparency. 

In both the above cases, you must leave the room without participating in discussion of the item.

 

If you have a personal interest in an item of business and you intend to speak or vote on the item you must declare both the existence and details of it at the start of the meeting or when it becomes apparent but you may participate in the discussion and vote on the item.

 

*(a) Employment, etc - Any employment, office, trade, profession or vocation carried on for profit or gain.

(b)   Sponsorship - Any payment or other financial benefit in respect of your expenses in carrying out duties as a member, or of your election; including from a trade union.

(c)   Contracts - Any current contract for goods, services or works, between you or your partner (or a body in which one of you has a beneficial interest) and the council.

(d)   Land - Any beneficial interest in land which is within the council’s area.

(e)   Licences- Any licence to occupy land in the council’s area for a month or longer.

(f)   Corporate tenancies - Any tenancy between the council and a body in which you or your partner have a beneficial interest.

 (g)   Securities - Any beneficial interest in securities of a body which has a place of business or land in the council’s area, if the total nominal value of the securities exceeds £25,000 or one hundredth of the total issued share capital of that body or of any one class of its issued share capital. 

 

This applies to all members present at the meeting.

 

 

Minutes:

There were no declarations of interest made at the meeting.

135.

Minutes of previous meeting pdf icon PDF 124 KB

Minutes:

There were no matters arising from the minutes.

 

RESOLVED:

That the minutes of the meeting held on the 21 May be confirmed as a correct record and signed by the Chair.

136.

Verbal Financial Update

Minutes:

The Committee received a briefing on the council’s financial position. This included a list of emerging pressures as at month two. It was highlighted that the Council’s month three monitoring report was due to the Executive on the 5 September 2024 and to scrutiny on the 12 September 2024.

 

The Committee discussed the following main points:

·       The need for the financial update to capture important information and in good time, so the committee could carry out its role effectively.

·       That there was continued pressure on finances and a particular concern around parking underachievement and the commercial rent shortfalls, and this would be considered during one of the committees ‘deep dives’.

·       How the emerging pressures were calculated and whether a change to their current trajectory was possible. It was explained that there was no expectation of any material deteriorate but a more detailed picture would be available when the quarter one report was produced.

·       Whether there was a risk to the council’s resilience caused by shortfall figures, it was explained that there was some income expected within the next six months and savings to be made.

·       Whether there was a gap between financial planning and what was happing on the ground for example, by overestimating parking income and having a people friendly streets program.

·       The impact of the resident roamer scheme on income. It was considered that this was not substantial.

·       That the projected loses should have been bought to the committee earlier.

·       That the Chair would write to the Chief Executive to request an update, before the September meeting, on the mitigating actions being taken to ensure the current level of overspend and income shortfall didn’t continue.

 

 

 

 

137.

Principal Risk Report pdf icon PDF 587 KB

Minutes:

The Committee received the annual principal risk report. The report contained the council’s corporate risk register and was written in consultation with risk leads, directorate management teams and the corporate management team. The report included the key controls and mitigation plans for the 28 principal risks identified.

 

The committee discussed the following main points:

 

·       Following a question on risk appetite, it was explained that a score of 15 and above would not be a tolerated position and would require a significant mitigation action plan in place.

·       That climate change resilience and adaption had increased in risk score because of the significant intervention and resources needed to mitigate.

·       How good governance and best practice could be tested and assessed in relation to the change programme delivery risk and the establishment of a new Mission Delivery Board.

·       The need to simplify complicated governance structures and reshape them.

·       Whether a pipeline of climate resilience projects could be developed to ensure the council was ready to apply for government funding when opportunities became available.

·       Whether it was possible to include measurable, time-based actions in the action plan to help the committee monitor the principal risks.

·       On the budget gap 2025-6 and 2026-7, the importance of understanding the risks when setting the budget, in particular the impact of savings options on the risks and the interaction between financial and non-financial pressures.

·       The importance of risk management highlighting opportunities.

·       That the council needs to be proactive, and carefully consider how to avoid the depletion of reserves.

·       That the arrangements for the Capital Programme were still being revised to ensure improvements.

·       A member felt that how the council works with community partners should be included regarding response and recovery - failure to effectively respond and recover from a critical incident.

·       On serious health and safety incidents in housing and actions related to damp and mould a member felt the actions were complacent and needed to be more specific. It was explained that the report tried to provide the committee with an overview and that there were more detailed plans available. The work of scrutiny committees was also highlighted.

·       Whether there was sufficient oversight and governance arrangements for the principal risk on safeguarding children.

·       Whether there was a risk of schools becoming academies.

 

RESOLVED:

To note the report.

 

 

138.

Work Plan pdf icon PDF 64 KB

139.

Action Sheet pdf icon PDF 65 KB