OLWD Finance
Oak Lodge Water District (OLWD) is an enterprise organization. This means the revenues generated from water sales to our residents funds the expenditures of the District. The water revenues are from monthly or bi-monthly fixed rates plus consumption charges based on water use. OLWD water charges are on a conservation-tiered system; the more water consumed the higher the rates.
Expenditures include personnel, operational and capital improvement projects costs. OLWD prepares an annual budget in the spring for the upcoming fiscal year, beginning July 1 st . The costs are projected by staff then reviewed by a budget committee made up of five appointed community members and the five OLWD Board members. When the budget is approved by the budget committee it then goes to the board for adoption by June 30th.
Following the end of the fiscal year on June 30 th , there is an annual audit performed by an independent auditing firm. The auditors review the financial reports, test accounting processes, verify internal controls and examine budgeting practices against the Oregon Municipal Budgeting Laws.
The annual budgets and audit financial reports are available for your review at the District office.
Please do not hesitate to call or come by with questions.
503-654-7765
