2 Finance and Risk
Management Committee
Regular Meeting
August 20, 2026
3 Welcome and Call to Order
4 Roll Call
55 6
Land Acknowledgement
7 Items to be Withdrawn or
Reordered on the Agenda
8 Public Comment on non-Agenda Items
9 Consent
Calendar
1. Approve June 18, 2026, Meeting Minutes
2. Receive and File Treasurer’s Report for
Ten-Month Period Ending April 30, 2026
10 Public Comment on Consent Calendar
11 Regular
Agenda
3. Treasurer’s Report for Eleven-Month
Period Ending May 31, 2026
12 Item No. 3
Treasurer’s Report for
Period Ending
May 31, 2026
Presenter:
Jannies Burlingame Chief Financial Officer and Treasurer Recommendation: Receive and file
Community Power’s revisions to the existing
Net Energy Metering Tariff/Program (NEM)
and to the existing Net Billing Tariff (NBT) and
Community Power’s establishment of the new
Net Billing Tariff Virtual (NBT-V) and a Net
Billing Tariff Aggregation (NBT-A) for all new
customers who elect this and who have
installed onsite generation on or after
February 15, 2024 that qualifies for the tariff
and for existing customers transitioning out of
the Virtual Net Energy Metering Tariff (VNEM)
or the Net Energy Metering Aggregation Tariff
(NEMA) following the conclusion and/or
termination of their 20-year VNEM or NEMA
legacy period.
Recommendation:
Receive and File Treasurer’s Report for Period
Ending May 31, 2026
13 Results for the 11-month period ending
May 31, 2026:
• Operating Revenues = 3.2% above
budget
• Operating Expenses = 5.7% below
budget
Year-to-Date Totals for FY26:
• $1,124.8M in net operating revenues
• $895.5M in total expenses (including
energy costs of $848.1M)
• $229.3M change in YTD net position
Financial Statement Highlights
Summary of Actual Results vs. Amended Budget
YTD FY26 as of 5/31/26
(11 months) FY26 YTD Budget Budget Variance ($) Variance (%) Net Operating Revenues $ 1,124,800,229 $ 1,089,309,000 $ 35,491,229 3.26% Total Expenses $ 895,477,855 $ 950,437,000 $ (54,959,145) -5.78% Change in Net Position $ 229,322,374 $ 138,872,000 $ 90,450,375 Budget Comparison
14 FY Budget Net Position to Operating Income
-$10M
$M
$10M
$20M
$30M
$40M
$50M
$60M
$70M
10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 Operating Income $62.4M $17.1M $4.2M $12.1M $5.8M $7.5M $8.0M $8.2M Budget Net Position $46.8M -$0.1M -$2.1M $8.2M -$2.7M $0.1M $1.9M $0.5M FY Budget Net Position to Operating Income
Operating Income Budget Net Position
15 Reserves
-
50 100
150
200
250
300
Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 6/30/2025 7/31/2025 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 DCOH 130 139 157 161 191 201 229 228 227 238 244 244
Maximum 270 270 270 270 270 270 270 270 270 270 270 270 Target 225 225 225 225 225 225 225 225 225 225 225 225
Minimum 180 180 180 180 180 180 180 180 180 180 180 180 Rolling 12-Months Days Cash on Hand (DCOH)
DCOH
Maximum
Target
Minimum
16 Reserves and Total Liquidity
Reserves are defined as unrestricted cash, cash equivalents, and investments unencumbered by legal agreements and not earmarked for specific purposes.
Unrestricted Cash,
$483,267,616
71%
Investments (Current),
$85,399,421
12%
Investments
(Non-Current)
$113,722,849,
17%
RESERVES
682,389,886 223,000,000
$M $200M $400M $600M $800M $1000M
5/31/2026
LIQUIDITY
Total Cash & Investments Credit Agreement
17 FY26 Year-To-Date Investment Income
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
10/1/2025 11/1/2025 12/1/2025 1/1/2026 2/1/2026 3/1/2026 4/1/2026 5/1/2026 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 Accumulated Investment Income 4,842,114 6,521,057 8,205,810 10,120,219 12,911,528 13,253,348 15,440,702 16,972,947 Monthly Investment Income 1,290,582 1,678,943 1,684,753 1,914,409 2,791,309 341,820 2,187,354 1,532,245
INVESTMENT INCOME
Accumulated Investment Income
Monthly Investment Income
18 Participation by Jurisdiction
19 Contract Execution between $50,000 and $150,000
To ensure transparency and comply with Community Power’s Non-Energy Procurement Policy, the table below lists contracts or amendments with not-to-exceed values between $50,000 and $150,000 that were executed under the CEO’s authority for the month of July.
Contract or Amendments Amount
Energy Integrity, Inc. dba Home
Energy Academy
$130,000.00
Power Switch Advisory, LLC $100,000.00
Sorren CPAs P.C. $105,000.00
PlanetBids, LLC $59,035.58
GDS Associates Inc $125,000.00
Casa Familiar, Inc. $120,000.00
The Cadmus Group LLC $147,205.00
Adobe, Inc. $57,237.40
20 Public Comment on
Item No. 3
21 Committee Member Announcements
22 Adjournment
23 Next Regular Finance and
Risk Management
Committee Meeting
September 17, 2026
[email protected]