This podcast features Goleta Water District in Santa Barbara County, California. The district operates to provide water to over 87,000 people living in the greater Goleta Valley with an infrastructure of more than 270 miles of pipeline. GFOA worked with the Goleta Water District on a risk-based reserve project to assist the District re-evaluate it reserve policy to right-size fund levels to account for exposed risks and a broad range of externalities beyond its control. This podcast provides further insights into risk management for water systems through the case study of Goleta Water District.