City Council

8. Approval of Burbank Water and Power’s 2023 Financial Reserves Policy -\nBurbank Water and Power Department\nRecommendation:\nApprove the 2023 Burbank Water and Power Financial Reserves Policy and\napprove the minimum financial reserve of 105 days cash on hand (DCOH), a\nrecommended range between 160 and 240 DCOH for the electric fund, and the\nminimum financial reserve of 120 DCOH and recommended range between 200\nand 300 DCOH for the water fund.\nStaff Report