Issue - meetings

That:

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.

(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 Council Owned Companies for the month ending 31 January 2017 and the operational update for the period to 28 February 2017.

The Leader advised that Suffolk Lodge had been removed from the Care Governance Framework due to the extensive improvements that had been achieved.  He congratulated those who had been involved in this achievement.

With regards to Wokingham Housing Limited, the Fosters Extra Care Home project was on time and to budget and Phoenix Avenue was well under way.

RESOLVED That:

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.