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)
Budget
Click below to view Lake Whatcom Water & Sewer District’s biennial budget.
Quarterly Financial Reports
Click below to view Lake Whatcom Water & Sewer District’s most recent Quarterly Financial Report.
Quarterly Financial Report_2022_Qtr_4
Annual Financial Statements
Click below to view Lake Whatcom Water & Sewer District’s 2021 Final Financial Statements.
LWWSD 2021 Independent Accountants’ Compilation Report
State Audit
In late 2022, the Washington State Auditors performed a routine financial statement and accountability audit for the years 2020 and 2021. The Auditors reviewed the financial statements in accordance with generally accepted auditing standards and Lake Whatcom Water and Sewer District achieved a clean audit.
The State Auditor’s Office is an elected agency and have independence to objectively perform audits. Their audits are designed to comply with professional standards as well as to satisfy the requirements of federal, state and local laws.
Financial Audit Final 2020-2021
Accountability Audit Final 2020-2021
Independent Accountants’ Report
In September 2018, VSH Certified Public Accountants performed multiple procedures to assist the District in testing internal controls. Their final report is available below.
2018.09 Independent Accountants’ Report on Applying Agreed-Upon Procedures
2022 Rate Study
Every five years the District reviews its utility rates to ensure that they are sufficiently set to finance both inflationary, and projected operating and capital costs into the foreseeable future. In 2021, the District contracted with FCS Group to develop a multi-year rate structure for 2022-2026 and determine the rate increases necessary over the five year planning horizon to finance all objectives for both water and sewer utilities. Their final report is available below.
2022.02.17 LWWSD Rate Study Report Final
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.