The Cabinet resolved to:
(i) Note the Treasury Management Annual Report for 2016/17;
(ii) Note that the Council complied with all 2016/17 treasury management indicators;
(iii) Approve the actual Prudential and Treasury Indicators for 2016/17;
(iv) Note that the Council borrowed £60m from the Public Works Loan Board (PWLB) in June 2016 to fund capital expenditure;
(v) Note that on 31 March 2017 a number of Loan Facility agreements were agreed between the Council and a number of Council owned Special Purpose Vehicles; and
(vi) Maintain the delegated authority to the Chief Financial Officer, in consultation with the Cabinet Member for Finance, Growth and Investment, to continue to proportionally amend the counterparty lending limits agreed within the Treasury Management Strategy Statement to consider the additional cash holdings resulting from borrowing from the European Investment Bank and the PWLB.