Issue - meetings

That:

1)        the budget monitoring position for the month ending 31 May 2018 be noted;

2)        the operational update for the period to 31 May 2018 be noted.

(Councillors Norman Jorgensen, Pauline Jorgensen, Stuart Munro and Anthony Pollock declared personal interests in this item)

The Executive considered a report which provided the budget monitoring position and the operational update for the Council Owned Companies for the period ending 31 May 2018.

During his introduction of the report the Executive Member for Finance drew Members’ attention to the fact that Wokingham Housing Ltd (WHL) had transferred 123 new homes to either Berry Brook Homes or Loddon Homes generating a profit of £600k. WHL had also paid off £1million of its operational loan back to the Council. 

Councillor McGhee-Sumner also highlighted the good work that was being delivered by Optalis.  Councillor Dolinski wished to congratulate Optalis on the delivery of their savings whilst continuing to provide excellent service.

RESOLVED that:

1)        the budget monitoring position for the month ending 31 May 2018 be noted;

2)        the operational update for the period to 31 May 2018 be noted.