Double handling of all money transactions. Receipted market takings. Annual internal and external audit. Fidelity Insurance. Finance Regulations in place. 6 0 0 0 3 1 2 3 2 (G) Double signatories on cheques. Regular reporting to Finance Committee. Monthly bank reconciliation open to inspection by – Finance committee. Training for Councillors on Financial Procedures. The risk is loss of Bank liquidation Failure to meet day to 008 council funds held day financial (F) in bank accounts. commitments. 10 0 0 0 3 4 4 5 2 (Y) Adverse media attention. Service disruption Financial overview by Consider keeping finance committee. council reserves in another bank. 10 0 0 0 3 4 4 5 2 Due diligence given to the (Y) identification of suitable and stable banking.
0 0 0 3 1 2 3 2 6 (G) Double handling of all money transactions. Receipted market takings. Annual internal and external audit. Fidelity Insurance. Finance Regulations in place. Double signatories on cheques. Regular reporting to Finance Committee. Monthly bank reconciliation – open to inspection by Finance committee. Training for Councillors on Financial Procedures. 008 (F) The risk is loss of council funds held in bank accounts. Bank liquidation Failure to meet day to day financial commitments. Adverse media attention. Service disruption 0 0 0 3 4 4 5 2 10 (Y) 0 0 0 3 4 4 5 2 10 (Y) Financial overview by finance committee. Due diligence given to the identification of suitable and stable banking. Consider keeping council reserves in another bank.
HTC%20Risk%20Register%202014.docx