Issue - meetings

That:

1)        the budget monitoring position for the month ending 31 July 2016 be noted;

2)         the operational update for the period to 31 August 2016 be noted;

3)        the operational funding facilities for Wokingham Housing Limited and WBC (Holdings) Ltd of £1.49m and £1m respectively, charged at base rate plus 5.5%, be approved.

(Councillors Pauline Jorgensen and Anthony Pollock declared personal interests in this item)

The Executive considered a report setting out the budget monitoring position for the month ending 31 July 2016 and an operational update for the period to 31 August 2016.

The Leader of Council went through the report and highlighted a number of items including that Optalis was continuing to take on new work on behalf of other councils which was to be applauded as it reflected the quality of the Company.  In addition he advised that Wokingham Housing Limited was making good progress on two major projects; Phoenix Avenue and Fosters Extra Care home.

RESOLVED that:

1)        the budget monitoring position for the month ending 31 July 2016 be noted;

2)         the operational update for the period to 31 August 2016 be noted;

3)        the operational funding facilities for Wokingham Housing Limited and WBC (Holdings) Ltd of £1.49m and £1m respectively, charged at base rate plus 5.5%, be approved.