Gateshead Council's Trading Companies Operational and Financial Position 2018/09
Report of the Strategic Director, Corporate Resources
Minutes:
Consideration has been given to the current trading activity undertaken
through subsidiaries wholly owned by the Council.
RESOLVED - (i) That the report outlining company activity to date including the contribution to Council Thrive priorities be noted.
(ii) That an annual composite report be presented to Cabinet covering the activities of the companies.
The above decisions have been were made for the following reasons:
(A) To contribute to the sound governance, operational and financial management
of the Council’s wholly owned subsidiary companies.
(B) To assist effective financial and performance oversight and awareness of all Council activity, regardless of delivery model.