31.1 The Cabinet considered a report
by the Chief Operating Officer.
31.2 It was RESOLVED to:
1) Note the Treasury Management performance in 2021/22, incorporating the Mid-Year Review for the first half of 2022/23.
Reasons
31.3 The report
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 18 month period covered achieved
returns between 0.35% and 1.40%. The key principles of security,
liquidity and yield are still relevant. Officers are currently
investigating further opportunities within the strategy to increase
investment income whilst minimising costs and maintaining security,
in a period of significant uncertainty.