Corporate Objective No 1: To Deliver for Money Services to our Customers Report on Board Action Plan Risk Description Current Controls Assurances Action By Whom Comment (Include DATE Risk Score End ADDED) Date L I S Rate 1. Levels of savings 4 4 16 High Budgetary Budgetary Monitoring BSO has developed a DoF/ADFM Confirmation received 9th in the overall Process (I) SMT Accountability plan which will deliver February 2015 that BSO’s environment for Breakeven to CX (I) External Audit the RRL savings March 2016 recurrent RRL funding will be HSC are so great Budget with - Report to those required in 2015-16. subject to a 15% cut in that BSO service specified charged with This has been sent to provision to savings Governance (E) and agreed with customers are programme Budgetary Control DHSSPS. A number of SLAs have been negatively affected process (I) Directorate signed off for 2015-16 (15 of and/or we fail to Latest Best Service Team BSO Service Offering 16). breakeven. Estimates Meetings (I) Financial 2015/16 has been Accountability Reviews issued along with SLAs BSO has received no The Leadership Service Offering with Directors (I) to clients. The Service notification of any impact to Centre may be Financial Management Offering details cash 2015/16 funding from the particularly affected Meetings held Standard (I) & (E) Risk releasing and going negotiations regarding by a reduced level with DHSSPS Reporting & Review (I) productivity savings for the NI Executive Budget. of client income. sponsor branch CX Review of Dirs the 2015/16 financial Objectives (I) Dept year. BSO has received Accountability Review correspondence from (E) MIPB Assessment The actions to achieve DHSSPS on 12 October Risk Owner(s) both elements of 2015 regarding the 2016/17 DoF savings have been planning process, requesting CX / Dirs factored into the BSO savings proposals to address Budget for 2015/16 and a potential 5%, 10% or 15% a balanced budget has been achieved. The savings requirement on Type of risk: BSO 2015/16 budget recurrent RRL funding. A Economic & was approved by Board corporate response to this Financial on 28 May 2015. request will be managed through SMT.
Corporate Objective No 1: To Deliver for Money Services to our Customers Report on Board Action Plan Risk Description (Include DATE ADDED) Current Risk Score Controls Assurances Action By Whom End Date Comment L I S Rate 1. Levels of savings in the overall environment for HSC are so great that BSO service provision to customers are negatively affected and/or we fail to breakeven. The Leadership Centre may be particularly affected by a reduced level of client income. Risk Owner(s) DoF CX / Dirs Type of risk: Economic & Financial 4 4 16 High Budgetary Process Breakeven Budget with specified savings programme Latest Best Estimates Service Offering Meetings held with DHSSPS sponsor branch Budgetary Monitoring (I) SMT Accountability to CX (I) External Audit - Report to those charged with Governance (E) Budgetary Control process (I) Directorate Service Team Meetings (I) Financial Accountability Reviews with Directors (I) Financial Management Standard (I) & (E) Risk Reporting & Review (I) CX Review of Dirs Objectives (I) Dept Accountability Review (E) MIPB Assessment BSO has developed a plan which will deliver the RRL savings required in 2015-16. This has been sent to and agreed with DHSSPS. BSO Service Offering 2015/16 has been issued along with SLAs to clients. The Service Offering details cash releasing and productivity savings for the 2015/16 financial year. The actions to achieve both elements of savings have been factored into the BSO Budget for 2015/16 and a balanced budget has been achieved. The BSO 2015/16 budget was approved by Board on 28 May 2015. DoF/ADFM March 2016 Confirmation received 9th February 2015 that BSO’s recurrent RRL funding will be subject to a 15% cut in A number of SLAs have been signed off for 2015-16 (15 of 16). BSO has received no notification of any impact to 2015/16 funding from the negotiations regarding the NI Executive Budget. BSO has received correspondence from DHSSPS on 12 October 2015 regarding the 2016/17 planning process, requesting savings proposals to address a potential 5%, 10% or 15% savings requirement on recurrent RRL funding. A corporate response to this request will be managed through SMT. going
Corporate_RA_Report_Oct_2015.docx