<PAGE>
                                                                    Exhibit 31.2
--------------------------------------------------------------------------------
                                 CERTIFICATIONS

I, David B. Spacht, certify that:

1.    I have reviewed this Annual Report on Form 10-K for the period ended
      December 31, 2003 of Artesian Resources Corporation (this "Report");

2.    Based on my knowledge, this Report does not contain any untrue statement
      of a material fact or omit to state a material fact necessary to make
      the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered
      by this Report;

3.    Based on my knowledge, the financial statements, and other financial
      information included in this Report, fairly present in all material
      respects the financial condition, results of operations and cash flows
      of the registrant as of, the periods presented in this Report;

4.    The registrant's other certifying officers and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
      we have:

            a)  designed such disclosure controls and procedures to ensure that
                material information relating to the registrant, including its
                consolidated subsidiaries, is made known to us by others within
                those entities, particularly during the period in which this
                Report is being prepared;

            b)  evaluated the effectiveness of the registrant's disclosure
                controls and procedures and presented in this Report our
                conclusions about the effectiveness of the registrant's
                disclosure controls and procedures as of the end of the period
                covered by this Report based on such evaluation;

            c)  disclosed in this Report any change in the registrant's internal
                control over financial reporting that occurred during the
                registrant's fourth fiscal quarter that has materially affected,
                or is reasonably likely to materially affect, the registrant's
                internal control over financial reporting; and;

5.    The registrant's other certifying officers and I have disclosed, based
      on our most recent evaluation of internal control over financial
      reporting to the registrant's auditors and the audit committee of
      registrant's board of directors (or persons performing the equivalent
      function):

            a)  all significant deficiencies and material weaknesses in the
                design or operation of internal control over financial reporting
                which are reasonably likely to adversely affect the registrant's
                ability to record, process, summarize and report financial
                information; and

            b)  any fraud, whether or not material, that involves management or
                other employees who have a significant role in the registrant's
                internal control over financial reporting; and

6.    The registrant's other certifying officers and I have indicated in this
      Report whether or not there were significant changes in internal
      controls or in other factors that could significantly affect internal
      controls subsequent to the date of our most recent evaluation, including
      any corrective actions with regard to significant deficiencies and
      material weaknesses.


Date:  March 5, 2004

                           David B. Spacht
                           Chief Financial Officer (Principal Financial Officer)