Issue - decisions

Council Owned Companies' Business

30/03/2017 - Council Owned Companies' Business

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.