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.
2025.06.11 2025-26 Budget Amendment No. 1 Detail
Quarterly Financial Reports
Click below to view Lake Whatcom Water & Sewer District’s most recent Quarterly Financial Report.
Quarterly Financial Report 1st Qtr 2026
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
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
At the beginning of 2024, the District invested in financial modeling software to allow for more individualized and frequent analysis of the District’s rates and financial sustainability. Below is the most recent analysis completed by staff.
2024.05.29 Rate Analysis & Cash Forecasting Model
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.