Financial Information
Master Fees & Charges
Click below to view a complete list of Lake Whatcom Water & Sewer District’s fees and charges schedule.
Master Fees and Charges Schedule 29 (Effective 1.1.23)
Master Fees and Charges Schedule 30 (Effective 1.1.27)
Budget
Click below to view Lake Whatcom Water & Sewer District’s biennial budget.
2025.06.11 2025-26 Budget Amendment No. 1 Detail
The District will develop the 2027-2029 budget during the second half of 2026. For customers who are interested in the budgeting process, the calendar below outlines the expected timeline. Upcoming Board Meetings where the budget will be discussed will be August 26 at 8:00 a.m., September 9 at 6:30 p.m., and October 14 at 6:30 p.m. with expected adoption in November. Meeting packets including draft documents are published here the Thursday prior to the meeting.
Quarterly Financial Reports
Click below to view Lake Whatcom Water & Sewer District’s most recent Quarterly Financial Report.
Second Quarter 2026 Financial Report
Annual Financial Statements
Click below to view Lake Whatcom Water & Sewer District’s 2025 Final Financial Statements.
2025 Lake Whatcom Water & Sewer District FS
State Audit
In 2026, the Office of the Washington State Auditor completed the District’s financial statement, federal single, and accountability audits. The financial statement audit was conducted in accordance with generally accepted auditing standards, and no audit findings, material weaknesses, or significant deficiencies were identified. The most recent audit report is provided below.
The Office of the Washington State Auditor is an independent, elected agency that conducts objective audits to ensure compliance with applicable federal, state, and local laws while promoting accountability and transparency in government.
2024-25 Accountability Audit & Financial Statements and Federal Single Audit Report
Rate Analysis
The District regularly reviews its utility rates to ensure revenues are sufficient to support current and projected operating costs, capital improvements, debt obligations, and long-term financial sustainability of both the water and sewer utilities. In 2026, District staff, in collaboration with the Board of Commissioners, completed an updated Rate Study and Cash Forecasting Model to evaluate the financial needs of each utility and establish rates for the upcoming five-year planning period. The analysis was developed through a series of public Board meetings during which staff and the Board reviewed customer impacts, financial projections, rate structure, and policy under various scenarios. The resulting study and report is available below.
2027-2031 Utility Rate Study and Cash Forecasting Model Final Report
2022 General Facilities Charge Update
In 2022 the District contracted with FCS Group to review and update the General Facilities Charges (GFC) for both water and sewer utilities. Their final report is available below.