Agenda and decisions

Corporate Governance Committee - Friday, 13 May 2022 10.00 am

Venue: Sparkenhoe Committee Room, County Hall, Glenfield. View directions

Contact: Mrs L Walton (tel: 0116 305 2583)  Email: lauren.walton@leics.gov.uk

Media

Items
No. Item

1.

Minutes of the meeting held on 28 January 2022. pdf icon PDF 158 KB

2.

Question Time.

3.

Questions asked by members under Standing Order 7(3) and 7(5).

4.

To advise of any other items which the Chairman has decided to take as urgent elsewhere on the agenda.

5.

Declarations of interest in respect of items on the agenda.

6.

Presentation of Petitions under Standing Order 35.

7.

Risk Management Update. pdf icon PDF 360 KB

As part of this item a presentation will be given on Corporate Risk 7.2 (If departments are unable to promptly recruit and retain staff with the right skills and values and in the numbers required to fill the roles needed, then the required/expected level and standard of service may not be delivered, and some services will be over reliant on the use of agency staff resulting in budget overspends and lower service delivery).

Additional documents:

Decision:

RESOLVED:

(a)    That the current status of the strategic risks facing the County Council be approved;

 

(b)    That at the next meeting of the Committee a presentation be provided on Corporate Risk B (If the implications of the Russian invasion of Ukraine are sustained, then the County Council and Leicestershire as a whole will be significantly impacted);

 

(c)    That the update regarding mitigating the risk of fraud be noted;

 

(d)    That further information on the reasons staff give for leaving the Council be provided to Committee members outside of the meeting;

 

(e)    That the Director of Corporate Resources be requested to consider whether the risks around not securing a County Deal or securing a lower level deal than anticipated need including on the Corporate Risk Register.

8.

Indicative External Audit Plan and Audit Risk Assessment 2021/22. pdf icon PDF 243 KB

Additional documents:

Decision:

RESOLVED:

 

(a)    That the report presenting the indicative External Audit Plan and Audit Risk Assessment 2021/22 for the Council and its Pension Fund be noted;

 

(b)    That further information on future plans and the governance proposals around managing the Freeport be presented at a future meeting.

9.

Provisional Draft Annual Governance Statement - 2021/22. pdf icon PDF 358 KB

Additional documents:

Decision:

RESOLVED:

(a)    That the Provisional Draft Annual Governance Statement for 2021/22 be supported;

 

(b)    That the two significant governance issues reported in the provisional draft Annual Governance Statement for 2021/22 be noted;

 

(c)    That it be noted that the provisional draft AGS 2021/22 will be subject to amendments and that a final draft AGS 2021/22 will be circulated to Committee members before it is published with the draft Statement of Accounts before the end of June;

 

(d)    That it be noted that the Annual Governance Statement, which may be subject to such changes as are required by the Code of Practice on Local Authority Accounting, has been prepared in accordance with best practice;

 

(e)    That officers be requested to consider whether it is appropriate to include the vision and outcome for Affordable and Quality Homes in Leicestershire in the Annual Governance Statement given that housing is not the responsibility of the County Council;

(f)     That the final cost of remedial work being undertaken in regard to Firs Farm be provided to Committee members when available.

10.

Local Code of Corporate Governance. pdf icon PDF 334 KB

Additional documents:

Decision:

RESOLVED:

That the Committee notes that the changes made to the Local Code of Corporate Governance – April 2022 (attached as an Appendix to the report) are not material, but necessary to ensure the Code is up to date and relevant and that the changes will therefore be approved by the Directors of Corporate Resources and Law and Governance in accordance with their delegated powers.

11.

Recommended Change to the Annual Investment Strategy to add to the List of Acceptable Investments. pdf icon PDF 338 KB

Decision:

RESOLVED:

 

(a)    That the proposed way forward to add ‘Bank Risk Sharing Funds’ to the list of acceptable investments included within in the Annual Investment Strategy and the investment of £10m from the Corporate Asset Investment Fund into Christofferson Robb and Company’s Capital Relief Fund 5 be supported;

 

(b)    That the comments now made be submitted to the Cabinet for consideration at its meeting in June 2022;

 

(c)    That fee information relating to the investment of £10m from the Council’s Corporate Asset Investment Fund into Christofferson Robb and Company’s Capital Relief Fund 5 be provided to Committee members outside of the meeting.

12.

Quarterly Treasury Management Report. pdf icon PDF 287 KB

Additional documents:

Decision:

RESOLVED:

That the actions taken in respect of treasury management for the quarter ending 31 March 2022 be noted.

13.

Annual Treasury Management Report 2021/22. pdf icon PDF 395 KB

Decision:

RESOLVED:

(a)    That the Annual Treasury Management Report for 2021/22 be noted;

 

(b)    That it be noted that the Annual Treasury Management Report for 2021/22 will be submitted to the Cabinet for consideration at its meeting in June 2022.

14.

Internal Audit Service - Progress and Plan. pdf icon PDF 382 KB

Additional documents:

Decision:

RESOLVED:

 

(a)   That the contents of the Internal Audit Service Progress and Plan Report be noted;

(b)   That once the revised CIPFA practical guidance for audit committees for local authorities and the Police is published a briefing be arranged for Committee members to consider the revised guidance and any implications for the Corporate Governance Committee.

15.

Internal Audit Service Annual Report 2021/22. pdf icon PDF 213 KB

Additional documents:

Decision:

RESOLVED:

(a)    That the Internal Audit Service Annual Report for 2021-22 be noted;

 

(b)    That the Internal Audit Service Annual Report for 2021-22 be circulated to all members of the County Council for information.

16.

Date of next meeting.

The next meeting is scheduled to be held on Friday 23rd September at 2.00pm.

17.

Any other items which the Chairman has decided to take as urgent.