Finance Compliance Low Council acting Justification for any Internal and No new borrowing with outside it’s additional borrowing fully external audit being considered borrowing 1 powers reviewed and approved by reviews. at present. restrictions Council. Liability Risk to third Medium Funding cost of Public liability insurance Current insurance party, a successful cover (£10M). policy. property or 3 action or claim . individuals against the Council. Reputational risk. Liability Legal liability Medium Adverse Appropriate viability Insurance policy Continue to as a publicity, insurance for all assets, monitor/check for consequence potential volunteers etc. Recorded risk charges, dangers of asset injury/death assessments/ etc. review on ownership Appropriate levels of reports inspection reports regular basis (e.g. burial Funding costs to for assets maintenance grounds, play defend action grounds, against Up to date risk assessment community council/court policies centres. fees Parks etc)
Finance Compliance with borrowing restrictions Low 1 Council acting outside it’s powers Justification for any additional borrowing fully reviewed and approved by Council. Internal and external audit reviews. No new borrowing being considered at present. Liability Risk to third party, property or individuals Medium 3 Funding cost of a successful action or claim against the Council. Reputational risk. Public liability insurance cover (£10M). Current insurance policy. . Liability Legal liability as a consequence of asset ownership (e.g. burial grounds, play grounds, community centres. Parks etc) Medium Adverse publicity, potential injury/death Funding costs to defend action against council/court fees Appropriate viability insurance for all assets, volunteers etc. Appropriate levels of reports for assets maintenance Up to date risk assessment policies Insurance policy Recorded risk assessments/ inspection reports Continue to monitor/check for charges, dangers etc. review on regular basis
pc-risk-assessment.docx