Matters for Consideration

9.1 Audit and Risk Work Programme 2025

The Audit and Risk Subcommittee is governed by Terms of Reference which define the purpose and responsibilities of the Subcommittee. This paper outlines the proposed work programme to be covered at Audit and Risk Subcommittee meetings in the 2025 calendar year to ensure the responsibilities outlined in the Terms of Reference are fulfilled.

• 9.1.1 Audit and Risk Subcommittee

9.2 Treasury Report

To present the quarterly Treasury Reporting Dashboard from Council’s Investment Advisor, Bancorp, as at 31 December 2024.

• 9.2.1 Treasury Reporting Dashboard

9.3 Managed Fund Portfolio Performance Update

To present the Q4 2024 Portfolio Performance Report from Council’s Investment Manager, JB Were (JBW), for the period ended 31 December 2024.

• 9.3.1 JBWere Q4 2024 Portfolio Performance

9.4 Managed Fund and SIPO Review

To consider the recommendations and next steps from the Investment Performance Review presented to the 5 December 2024 Audit and Risk Subcommittee meeting.

• 9.4.1 JB Were Portfolio Asset Allocation
• 9.4.2 JBWere Portfolio Asset Allocation 20 February 2025
• 9.4.3 JBWere Private Equity – A Fund-of-Fund Approach

9.5 Safety and Wellbeing

This report summarises activities and information on health, safety and wellbeing (HSW), and people and culture at ORC (Otago Regional Council) for the 2024/25 year to date.

• 9.5.1 Health, Safety & Wellbeing Critical Risk Profiles as of 31 January 2025
• 9.5.2 Health, Safety and Wellbeing Plan 2024–2027
• 9.5.3 Audit & Risk Incident/Near Miss Dashboard

10. Resolution to Exclude the Public

That the public be excluded from the following items under LGOIMA 48(1)(a):

• Confirmation of the Minutes of the Confidential Audit and Risk Subcommittee Meeting of 5 December 2024
• 3.1 Managed Fund Report
• 3.2 Insurance Updates