Risk Register and Risk Management Framework 2025

About this item

Overview

The Risk Register records the key financial, operational, and reputational risks identified by Kesgrave Town Council. Each risk is assessed according to its likelihood and impact, and control measures are implemented to reduce potential adverse effects. The Register supports transparency, accountability, and good governance across all Council operations.

Purpose

Effective risk management helps Kesgrave Town Council to:

• Achieve its objectives efficiently and securely.
• Ensure compliance with statutory and regulatory requirements.
• Safeguard Council assets and public funds.
• Support sound decision-making and promote accountability.

Risk Assessment Framework

Risks are assessed using a 1–5 scale for both likelihood (1 = rare to 5 = almost certain) and impact (1 = insignificant to 5 = catastrophic). The Register details control measures already in place and identifies where further actions may be required.

Key Risk Categories

• Financial Risks: including fraud prevention, budget overspend, and loss of income.
• Operational Risks: covering service continuity, staffing, and IT system resilience.
• Governance Risks: including compliance, reputation, and councillor conduct.
• Asset and Event Risks: covering Council property, public spaces, and community events.

Monitoring and Review

The Finance & Governance Committee reviews the Risk Register annually, usually in January, and makes recommendations to Full Council. The Register is updated whenever significant new risks are identified or existing control measures are revised. This ensures that Kesgrave Town Council continues to meet best practice in risk management and audit standards.

Download

Download Latest Risk Register (PDF)

Contact: For information about risk management or to report a concern, email enquiry@kesgravetowncouncil.gov.uk .