What Was Performed? A financial statement audit of the State of Delaware Drinking Water Revolving Loan Fund for Fiscal Year 2021 was performed. Why This Engagement? This engagement was conducted in accordance with 29 Del. C. §2906. The State Auditor’s Office conducts post-audits of all financial transactions of state agencies. The Drinking Water State Revolving Fund (DWSRF) was established in 1996 and provides financial assistance to eligible public water systems in Delaware for the planning, design and construction of drinking water facilities, as well as loans for land acquisition for source water protection purposes. The Drinking Water State Revolving Fund is funded through federal grants, but the Safe Water Drinking Act requires the State of Delaware (the State) to provide matching funds equal to 20% of federal funds received. The Fund is jointly administered by the Department of Natural Resources and Environmental Control (DNREC) and the State of Delaware Department of Health and Social Services (DHSS). What Was Found? It is my pleasure to report this audit contained an unmodified opinion.1 The State of Delaware Water Pollution Control Revolving Loan Fund financial statement audit for Fiscal Year 2021 can be found on our website. For any questions regarding the attached report, please contact State Auditor Kathleen K. McGuiness at Kathleen.Mcguiness@delaware.gov. 1 An unmodified opinion is sometimes referred to as a “clean” opinion. It is one in which the auditor expresses an opinion that the financial statements present fairly, in all material respects, an entity’s financial position, results of operations and cash flows in conformity with generally accepted accounting principles.
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United States
