2018 Budget Presentation

PUBLIC NOTICE:

The 2018 Final Budget of the Lakewood Water District will be presented to the Board of Commissioners for review and discussion at a Regular Public Meeting to be held on December 21, 2017, commencing at 3:30 p.m. at the District office located at 11900 Gravelly Lake Drive SW, Lakewood, WA, 98499.  Any questions and/or comments concerning the District’s 2018 Budget can be directed to the Finance Director by calling (253) 588-4423; writing to P.O. Box 99729, Lakewood, WA, 98496-0729; or through our website at www.lakewoodwater.org under “Contact Us.”

This year’s budget will reflect the theme of, “Innovative, Long-term Planning and Investment for Sustained Maintenance, Superior Service, and Future Replacements,” outlining the projected operational and maintenance activities and the investment of over 60,000 employee hours maintaining our system reliability to the highest level for the 67,000 people we serve.  This budget will also reflect the projected Replacement & Rehabilitation (R&R) and Capital Improvement projects for 2018, with continued emphasis on our 50-year R&R Program to replace an aging infrastructure. 

The Board of Commissioners will be considering a 4.7% rate increase for the 2018 Budget in keeping with the District’s rate model, normalized five-year rate forecast, and financial policies.  As always, the Lakewood Water District places a major emphasis on providing dependable delivery of its safe, reliable drinking water to each home and business in Lakewood and to our wholesale water customers.

As always, this and all Board of Commissioner meetings are open to the public.