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 PROPOSED FISCAL YEAR 2024/25 BUDGET BWP BOARD MEETING HELD ON MARCH 7, 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 is proposing 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 website links below will launch BWP’s presentation and supporting documents of its proposed annual operating and capital budget for the Fiscal Year starting July 1, 2024, and ending June 30, 2025.