Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves minor reserve‑policy amendment to include unencumbered investments in days‑cash calculation
Summary
The board adopted Resolution No. 2025‑20 to amend the financial reserves policy so unencumbered investments are included in the days‑cash‑on‑hand calculation; staff said a broader reserve review is forthcoming in Q1 2026.
The board voted to adopt a technical amendment to San Diego Community Power’s financial reserves policy to clarify that unencumbered investments may be included in the agency’s days‑cash‑on‑hand calculation.
Senior Strategic Finance Manager Deb Spangler presented the proposed third revision to the reserves policy, saying the change reflects the agency’s plan to use short‑term investments such as the Local Agency…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
