City Council

8. Approval of Burbank Water and Power’s 2023 Financial Reserves Policy - Burbank Water and Power Department Recommendation: Approve the 2023 Burbank Water and Power Financial Reserves Policy and approve the minimum financial reserve of 105 days cash on hand (DCOH), a recommended range between 160 and 240 DCOH for the electric fund, and the minimum financial reserve of 120 DCOH and recommended range between 200 and 300 DCOH for the water fund. Staff Report