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Finance committee recommends board adopt third revision to financial reserves policy
Summary
The Finance and Risk Management Committee of San Diego Community Power voted to recommend board adoption of a third revision to the agency's financial reserves policy, updating how days cash on hand is calculated to include certain investments and clarifying use of reserves.
SAN DIEGO — At its Oct. 16, 2025, Finance and Risk Management Committee meeting, San Diego Community Power’s FRMC voted to recommend that the full board adopt a third revision to the agency’s financial reserves policy.
Jeff Spengler, senior strategic finance manager, told the committee the single-line change in the current revision updates the definition of "days cash on hand" so that certain investments will be included in the calculation. Spengler said the broader update aims to reflect funds placed in…
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