Service Area
|
Risk
|
Action/Mitigation
|
|
|
|
Insurance |
Property Damage |
Property cover, for year ending 24th June |
|
|
2022 is adequate. |
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|
Parish property assets hold individual policies |
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|
Money |
Existing cover for year ending 24th June |
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|
2022 is adequate. |
|
Business interruption |
Not covered, but not required. |
|
Employers’ Liability claim |
Existing cover for year ending 24th June |
|
|
2022 of £10,000,000 is adequate. |
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|
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|
Public and products liability claim |
Existing cover for year ending 24th June |
|
|
2022 of £10,000,000 is adequate. |
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|
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|
Fidelity Guarantee |
Existing cover for year ending 24th June |
2022 of £250,000,000 is adequate. |
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|
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|
Libel and Slander |
Existing cover for year ending 24th June |
|
|
2022 of £500,000 is adequate. |
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|
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|
Officials Indemnity |
Existing cover for year ending 24th June |
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|
2022 of £10,000 is adequate. |
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|
|
|
Personal Accident. |
Existing cover for year ending 24th June |
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|
2022 of £50,000 is adequate. |
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|
|
|
Legal Expenses |
Existing cover for year ending 24th June |
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|
2022 of £100,000 is adequate. |
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|
Accounts |
Annual precept too high/too low or not the |
Continue current system with detailed budget |
|
result of detailed consideration. |
based on past year and current year accounts. |
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|
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|
Inadequate monitoring of |
Full list of accounts to date presented to each |
|
income/expenditure against budget |
monthly council. |
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Unlawful expenditure |
Follow NALC Model Financial Regulations as |
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|
adopted by Council & duly minuted. Follow |
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|
advice of Clerk/RFO that all expenditure is |
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|
within legal powers. |
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Unauthorised expenditure |
Report all payments to Council for approval |
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(even if already paid) |
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Bank transfers |
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authorised within Financial Regulations and |
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checked against reconciled statements. |
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Accounts not reconciled |
Bank reconciliation presented each month. |
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Non-standard and/or non-compliant |
Follow Financial Regulations as adopted by |
|
records kept |
Council. Accept advice from Clerk/RFO and |
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|
Internal and External auditors. |
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|
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|
Non-compliance with statutory |
Continue to ensure that all accounts and |
|
requirements for completion/ approval/ |
returns are completed and submitted by the |
|
submission of accounts and other financial |
deadlines. |
|
returns. |
|