Councillor Darcy, Cabinet Member for Finance/ICT reported that the Annual Treasury Management Report sets out the treasury management activities for financial year 2016/17 including the final position on the statutory Prudential Indicators.  In line with the recommendations in the Code of Practice, this report is submitted to Audit Committee as the committee responsible for scrutiny of the treasury management function.

Agreed that Cabinet –

1.         Note the Treasury Management Annual Report 2016/17.

2.         Refer the Treasury Management Annual Report 2016/17 to Full Council for approval.