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 28 (Effective 1.1.22)

Budget

Click below to view Lake Whatcom Water & Sewer District’s annual budget.

2022 FINAL Budget Signed 01.2022

Quarterly Financial Reports

Click below to view Lake Whatcom Water & Sewer District’s most recent Quarterly Financial Report.

LWWSD Quarterly Report – Q1 2022

Annual Financial Statements

Click below to view Lake Whatcom Water & Sewer District’s 2020 Final Financial Statements.

Lake Whatcom Water and Sewer Distict 2020 Final Financial Statements

State Audit

In April 2020 the Washington State Auditors performed a routine financial statement and accountability audit for the years 2018 and 2019. 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.

2018-2019 Accountability Audit

2018-2019 Financial Audit

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

2017 General Facility Charge Forecast

In May 2017 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. An updated GFC Review is scheduled for completion in 2022.

Lake Whatcom Water Sewer District – 2017 GFC Memo