Lakehaven Utility District published a biennial budget for 2001-2002 in the Fall of 2000. At the November 8, 2001 regular Board meeting, a public hearing will be held to discuss a number of adjustments to this budget.

Several capital projects in both the Water and Wastewater funds were deferred from 2001 to 2002 and beyond. The most notable of these is the District's share of the Pipeline 5 construction project (approximately $10 million), which will be completed in cooperation with neighboring municipalities. The District is in the process of obtaining a $10 million loan from the State Public Works Trust Fund to help offset these capital expenditures.

In the Fall of 1999, the District Board of Commissioners approved an 8% increase in water and sewer rates, which would be effective through the 2002 fiscal year. Projected expenditures and fund balances for the 2002 fiscal year indicate that the District's finances are healthy, and no additional rate increases are contemplated.