Decision details

Council Owned Companies' Business

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


Purpose: To consider various items related to the business of the Council owned companies, including their trading position




1)        the budget monitoring position for the month ending 31 January 2017 be noted;


2)         the operational update for the period to 28 February 2017 be noted;


3)        the recommendation of WBC Holdings Board that the company and reporting structure for the Optalis group will be the same for both Councils with Optalis Holdings reporting directly to the Council Executives be noted;


4)        the operational funding facility for Wokingham Housing Limited of £500k, charged at an interest rate of base plus 5.5% be approved.

Wards Affected: None Specific;

Declarations: Councillors Pauline Jorgensen and Anthony Pollock declared personal interests in this item.

Dispensations: None

Reference Number: WBC913

Contact: Email: Tel: 07769 957900.

Report author: Emma Lyons

Publication date: 30/03/2017

Date of decision: 30/03/2017

Decided at meeting: 30/03/2017 - Executive

Effective from: 08/04/2017

Accompanying Documents: