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 1st Qtr 2025
Annual Financial Statements
Click below to view Lake Whatcom Water & Sewer District’s 2023 Final Financial Statements.
2023 Lake Whatcom Water and Sewer District FS and Compilation Report – Final
State Audit
In 2024, the Washington State Auditors performed a routine financial statement and an accountability audit for the years 2022-23. 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 Statements Audit Final Report 2022-2023
Accountability Audit Final Report 2022-2023
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.