Financial & Operational Reports, Budget, and Policy

All Financial and Operational reports are available below. Reports are in PDF format and require Adobe Acrobat Reader.

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Annual Reports

Annual Reports provide a comprehensive look at the health of the utility for the community and stakeholders. It includes audited financial statements and related documents that will detail how the utility has performed.

Financial Reserves Policy

Financial Reserves Policy - April 2023

Independent Registered Municipal Advisor Exemption

BURBANK WATER AND POWER ADOPTED FISCAL YEAR 2024/25 BUDGET CITY COUNCIL ADOPTION HELD ON JUNE 4, 2024

Burbank Water and Power (BWP) proposed its first-ever bi-annual budget for Fiscal Years 2023-24 and 2024-25 in May 2023 to the Burbank City Council. This proposed budget included BWP’s annual operating and capital budget for the Fiscal Year starting July 1, 2023, and ending June 30, 2024, and two years (Fiscal Years 2023-24 and 2024-25) of recommended rate increases for the electric and water funds. The City Council adopted the annual operating and capital budget for Fiscal Year 2023-24 on June 13, 2023; and Fiscal Years 2023-24 and 2024-25, electric fund rate increases of 8.5% and 8.0%, respectively, and water fund rate increases of 9% for both fiscal years on June 6, 2023.

At the direction of the Burbank City Council, BWP proposed its annual operating and capital budget for Fiscal Year 2024-25. Budget Presentation and related documents are provided annually to the Utility Board for recommendation to the Burbank City Council. The Burbank City Council adopted the BWP Board-recommended FY 2024-25 BWP Budget on June 4, 2024. The website links below will launch BWP’s presentation and supporting documents of its adopted annual operating and capital budget for the Fiscal Year starting July 1, 2024, and ending June 30, 2025.

1 GM Budget Letter
2 Staffing Analysis Budget FY 24-25 revised
3-5 Electric fund forecast Jul 9, 2024
6 Electric Fund 5-Year Capital Plan
7 Electric Fund Capital Outlay Requests
8-10 Water fund Forecast Jul 9, 2024 for K Drive
11 Water Fund 5-Year Capital Plan
12 Water Fund Capital Outlay Requests
13 FY 24_25 AGM Summ-Power Systems Facilities v2
14 FY 24_25 AGM Summary-Electric Distribution
15 FY 24_25 AGM Summary-Admin Services
16 FY 24_25 AGM Summary-Finance Division
17 FY 24_25 AGM Summary-Customer Service
18 FY 24_25 AGM Summary-Strategy Marketing Sustainability
19 FY 24_25 AGM Summary-Operation Technology Div
20 MPP FY 24-25 Proforma Statement
21 MPP FY 2024-25 Operating Budget
22 MPP FY 24-25 Five-Year Capital Plan
23 MPP PSA Listing for FY 24-25 FM corrections
24 Tieton FY 2024-25 Operating Budget
25 Tieton Hydropower Project FY 24-25 Five-Year Capital Plan
26 Tieton PSA Listing for FY 24-25
27 Street Lighting Fund FY 24-25 Proforma Statement
28 FY 24_25 AGM Summ-Street Lighting Fund
29 Street Lighting Fund FY 24-25 Five-Year Capital Plan
30 Comm Fund FY 24-25 Proforma Statement
31 FY 24_25 AGM Summ-Communications Fund
32 Comm Fund FY 24-25 Five-Year Capital Plan
33 Comm und Capital Outlay Requests
34 Comm Fund PSA Listing for FY24-25
35 FY 24-25 Budget Letter for Fleet Plan
36 BWP SUMMARY FLEET Plan Budget 24-25
37 Fleet Master Plan-Detail FY 24-25
Budget Book Acronyms Revised