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… ncial Statement Audit Fiscal Years 2020 and 2021 What Was Performed? A financial statement audit of the Delaware Agriculture Lands Preservation Foundation for the fiscal years ended June 30, 2020 and 2021. Why This Report? This financial st …

… audit was performed in accordance with 29 Del. C. § 2906 and 3 Del C. §§ 904(a)(8) and 904(a)(9). The Department of Agriculture manages Delaware’s Agricultural Lands (Aglands) Preservation Program. This program, established in 1991, allows lando …

… Preservation Districts are voluntary agreements where landowners agree to continue to only use their land only for agriculture for at least 10 years. Agricultural easements are purchases of development rights by the foundation, placing a perman …

… 62 1 Independent Auditors' Report To the Management Delaware Department of Agriculture Delaware Agricultural Lands Preservation Foundation State of Delaware Report on the Financial Statemen …

… e auditor considers internal control relevant to the entity’s preparation To the Management Delaware Department of Agriculture Delaware Agricultural Lands Preservation Foundation State of Delaware 2 Auditors’ Responsibility - C …

… with sufficient evidence to express an opinion or provide any assurance. To the Management Delaware Department of Agriculture Delaware Agricultural Lands Preservation Foundation State of Delaware 3 Supplementary Information - …

… r 2022. On September 27, 2017, the Foundation was awarded a $1,318,287 federal grant from the U.S. Department of Agriculture Natural Resources Cons ervation Service (NRCS). Under the terms of the grant, NRCS will make cost-share assistance av …

… capitalized at its total acquisition value of $128,923. The Foundation shares employees with the Department of Agriculture (Department). The salaries of these shared employees are paid in full by the Depa rtment, and the Foundation does not …