Issue - meetings

Shareholders' Report

Meeting: 22/02/2018 - Executive (Item 105)

105 Shareholders' Report pdf icon PDF 151 KB

Decision:

That:

 

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

 

2)        the operational update for the period to 31 December 2017 be noted.

Minutes:

(Councillors David Lee, Norman Jorgensen and Stuart Munro declared personal interests in this item)

 

The Executive considered a report which provided the budget monitoring position of the Council owned companies and an operational update for the period to 31 December 2017.

 

Councillor Lee highlighted the predicted forecast outturns for Wokingham Housing Limited of £850k and Berry Brook Homes Limited of £142k and the small loss from Loddon Homes. The Leader of Council congratulated the housing companies on the amount of funds they had generated and also for delivering over 120 affordable homes

 

RESOLVED that:

 

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

 

2)        the operational update for the period to 31 December 2017 be noted.