40.1 The Cabinet considered a report by the Chief Operating Officer
40.2 It was RESOLVED to note the Treasury Management performance in 2017/18 incorporating the mid year review for the first half of 2018/19.
Reason
40.3 This report updates the Cabinet and fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. Short term lending throughout the period covered achieved returns between 0.46% and 0.92%. The key principles of security, liquidity and yield are still relevant. Officers are currently investigating further opportunities within the strategy to minimise costs and increase investment income.