Lydia E. York Delaware State Auditor
Delaware State Lottery ACFR FY24, FY25
Annual Comprehensive Financial Report – Fiscal Years Ended June 30, 2024 and 2025
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Report Summary
Background
This engagement was performed in accordance with 29 Del. C. § 4816 and 29 Del. C. § 2906.
This engagement is for the Delaware State Lottery’s (Lottery) Annual Comprehensive Financial Report (ACFR), which presents a wide variety of important information to help readers properly understand the basic statements. This presentation format allows the Lottery to participate in the Government Financial Officers Association (GFOA) ACFR certification program. The FY2024 ACFR Lottery submitted to GFOA resulted in receipt of a Certificate of Achievement for Excellence in Financial Reporting for the 26th consecutive year. Unlike many other state lotteries, the Lottery’s revenue is not earmarked for any specific cause or group. Instead, the Lottery generates income for the State’s General Fund.
Key Information and Findings
This audit contains an unmodified opinion. 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 positions, results of operations, and cash flows in conformity with generally accepted accounting principles. There were no findings required to be reported under Government Auditing Standards.