DE Office of State Auditor

Delaware FY25 Single Audit, $4.1B Federal, 26 Findings

The State of Delaware's FY25 Uniform Guidance Single Audit (fiscal year ended June 30, 2025) reports $4.1 billion in federal awards across 18 major programs administered by state agencies. The audit identified 26 findings total: 11 material weaknesses and 15 significant deficiencies found within 12 of the 18 programs, including 15 repeat findings from FY24. CliftonLarsonAllen, LLP issued seven qualified opinions and one disclaimer of opinion on the State of Delaware's Annual Comprehensive Financial Report.

Delaware State Housing Authority FY25 Financial Statement Audit Unmodified Opinion Two Deficiencies

The Delaware Office of State Auditor issued an unmodified opinion on the Delaware State Housing Authority's FY25 financial statements covering the fiscal year ended June 30, 2025, with total assets of $732,459,779 (up 3.8% from FY24). The audit identified two significant deficiencies: staffing shortfalls that delayed financial statement preparation after the Section Manager resigned in July 2025 and a consultant engaged in August 2025 encountered significant difficulties; and three material misstatements requiring journal entry adjustments of $1,000,000, $688,016, and $5,864,456. One finding was a repeat issue from the prior year. Management has committed to implementing corrective actions including revised internal controls and enhanced review processes by March 31, 2026.

DSHA Single Audit Identifies 8 Deficiencies, 6 Recurring

The Delaware Office of State Auditor published its Single Audit for the Delaware State Housing Authority (DSHA) covering fiscal year ended June 30, 2025. The audit identified eight significant deficiencies: two in internal controls over financial reporting and six regarding Uniform Guidance compliance. Six of these findings are recurring from fiscal years 2022–2024, indicating that prior corrective action plans were not effectively implemented, thereby increasing compliance risk. Findings include $168,055 in potentially fraudulent COVID-19 Emergency Rental Assistance, of which $82,709 remained uncollected as of June 30, 2025. DSHA has communicated a corrective action plan for each finding with target dates for remediation.