Delta Regional Authority  Performance and Accountability Report

September 30, 2023
Delta Regional Authority 

Performance and Accountability Report

September 30, 2023

Table of Contents  in full compliance with The Accountability for Tax Dollars Act of 2002 and under the current

administration, DRA mai   

Page(s)

Agency Head Letter                                                                                                                 1‐3    

Section 1 – Management’s Discussion and Analysis  4‐17    

Section 2 ‐ Performance Report  18‐28    

Section 3 ‐ Financial Section     

   Independent Auditor’s Report                                      29‐33    

   Basic Financial Statements    

Balance Sheets 34

Statements of Net Cost 35

Statements of Changes in Net Position 36

Statements of Budgetary Resources 37

Notes to Financial Statements 38‐49

   Other Information

Combining Balance Sheets 50‐51

Combining Statements of Net Cost 52‐53

Combining Statements of Changes in Net Position 54‐55

Combining Reconciliation of Net Cost of Operations (Proprietary to Budget) 56‐57

Schedule of Expenditures 58

Schedule of Grants Made    59‐60
Delta Regional Authority 

Listing of Officials

As of September 30, 2023

 Federal Co‐Chairman    States’ Co‐Chair 

Dr. Corey Wiggins Governor J.B. Pritzker     

Alternate Federal Co‐Chairman   

Vacant    

   

State Governors, Designees and Alternates 

     

Alabama    Louisiana 

Governor Kay Ivey Governor John Bel Edwards

Mr. Kenneth Boswell (Designee) Mr. Roderick Scott (Designee)

Ms. Crystal Talley (Alternate)

   

Arkansas    Mississippi 

Governor Sarah Huckabee Sanders Governor Tate Reeves

Mr. Clint O’Neal (Designee) Mr. Sam Andrews (Designee)

Ms. Amy Williams (Alternate)

   

Illinois    Missouri 

Governor J.B. Pritzker Governor Michael Parson

Ms. Brandi Bradley (Designee) Mr. Robert Knodell (Alternate)

Ms. Lynne Chambers (Alternate)      

   

Kentucky    Tennessee 

Governor Andy Beshear Governor Bill Lee

Mr. Dennis Keene (Designee) Ms. Brooxie Carlton (Designee)

 

 
Delta Regional Authority Service Area   
Alabama • Arkansas o Illinois o Kentucky" Louisiana o Mississippi o Missouri o

Tennessee 

Regional Headquarters: 236 Sharkey Avenue, Suite 400│Clarksdale, MS 38614│T 662.624.8600│F 662 .624.8537 

Washington, DC Office: 444 North Capitol, NW, Suite 292│Washington, DC 20001│T 202.434.4870│F 202.434.4871 

www.dra.gov

in financial integrity and compliance. The report by the auditors of Fred T. Neely & Co, PL

November 15, 2023

Shalanda D. Young, Acting Director

The Office of Management and Budget

725 17th Street NW

Washington, DC 20503

Dear Director Young:

The Delta Regional Authority’s (DRA or Authority) is an independent federal agency of the U.S. Government.  The

DRA was established in 2000 as a formal framework for joint federal‐state collaboration to promote and encourage

the economic development of the lower Mississippi River and Alabama Black Belt regions.  To fulfill this purpose,

DRA investsin projectssupporting transportation infrastructure, basic public infrastructure, workforce training, and

business development.  DRA works to create jobs, build communities, and improve the lives of those who reside in

the region.  DRA’s region encompasses 252 counties and parishes in parts of Alabama, Arkansas, Illinois, Kentucky,

Louisiana, Mississippi, Missouri, and Tennessee.

Enclosed, you will find the DRA’s Performance and Accountability Report for fiscal year 2023.  This report is an

accurate and comprehensive account of the Authority’s performance for fiscal year 2023 and includes comparative

financial statements in fiscal year 2022 and fiscal year 2023.

DRA continues to be in full compliance with The Accountability for Tax Dollars Act of 2002, Under the current

administration, DRA maintainsitslong‐term commitment to setting and sustaining the higheststandardsin financial

integrity and compliance. The report by the auditors of Fred T. Neely & Company, PLLC contains an unmodified

opinion on the financial statements in this document, and DRA continues to meet each new challenge and

expectation presented by the U.S. Congress.

The DRA is committed to accountability as we provide an effective mechanism for federal investment in the Delta

region. We continually strive to improve our performance and cut waste so that our job creation and health

investments have the maximum impact on the Delta. This fiscal year 2023 Performance and Accountability Report

is aligned with the performance goals and targets outlined in the Regional Development Plan IV: Navigating the

Currents of Opportunity. DRA’s Regional Development Plan IV, since its publication in February 2023, has and will

continue to guide the agency’s strategic priorities and actions through fiscal year 2027 to help the region build on

previous successes and maximize future opportunities. The goals outlined in the Regional Development Plan IV are

as follows:

GOAL 1: Invest in Public Infrastructure

DRA will expand and invest in the resiliency of the region’s public infrastructure to improve residents’ quality of life

and increase economic opportunity. This includes utilities (e.g., water, sewer), digital communications (e.g.,

broadband, cellular), and transportation (e.g., road improvements, public transit).
Alabama • Arkansas o Illinois o Kentucky" Louisiana o Mississippi o Missouri o

Tennessee 

Regional Headquarters: 236 Sharkey Avenue, Suite 400│Clarksdale, MS 38614│T 662.624.8600│F 662 .624.8537 

Washington, DC Office: 444 North Capitol, NW, Suite 292│Washington, DC 20001│T 202.434.4870│F 202.434.4871 

www.dra.gov

GOAL 2: Nurture Local Workforce Ecosystems

DRA will improve networks of agencies, organization, businesses, and educational institutions providing workforce

development opportunities. It will promote access to services, funding, and programs that enable career stability,

including health care, housing, education, and food security.

GOAL 3: Promote Business Growth and Entrepreneurship

DRA will strengthen the competitiveness of the region’s employers, attract new employers to the region, and

support the long‐term growth of micro and small businesses, especially those that promote local industries such as

tourism.

GOAL 4: Support Community Placemaking and Capacity‐Building

DRA will expand efforts to enhance sustainable and inclusive local placemaking, quality of life, and community

capacity. This includes enabling community connectedness, increased efficacy, leadership development, and the

ability to receive federal support, especially with under‐resourced groups.

Under my administration as Federal Co‐Chairman, DRA has listened and intentionally responded to the voices of

local governments, nonprofit organization, local development districts, community colleges, and four‐year

institutions of higher learning regarding their capacity to access federal funding opportunities. As a direct result of

data and evidence‐based information gathering in fiscal year 2022, we remain committed to equitable community

engagement, increasing community capacity to receive federal support, efficiently and expeditiously reinvesting

taxpayer dollars in the communities we serve, and establishment of a sustainable organization for continued

support to rural communities.

Through responsible stewardship ofstatutory appropriations as well as Bipartisan Infrastructure Law/Infrastructure

Investment and Jobs Act funding, DRA has responded effectively to the region’s challenges through its programs

and investments, as evidenced in this report. The DRA invests in a broad range of initiatives that support the four

overreaching goals of DRA: investing in public infrastructure, developing local workforce, promoting business

growth and entrepreneurship, and supporting sustainable communities.

The data collected and included in this report to measure performance uses a standardized methodology. The data

has been compiled to provide the most complete and accurate results available. DRA utilizes the following metrics

to track the success of all of its programs: jobs created, jobs retained, families affected (by improved infrastructure

investment), and people trained. The Authority tracks the accrual of these benefits to disadvantaged communities

on the county/parish level via grantee reporting. For some projects, the Authority tracks these benefits on more

granular geographic levels, such as the census tract.

DRA’s impact in the region is not just limited to the quantitative outputs from the agency’s investments, but it is

also connected to DRA’s reputation as a regional partner working closely with local governments and local

development districts to help find solutions to the challenges experienced in the region. The fiscal year 2023

Performance Accountability Report demonstrates DRA’s critical importance to the region. The investments made
Alabama • Arkansas o Illinois o Kentucky" Louisiana o Mississippi o Missouri o

Tennessee 

Regional Headquarters: 236 Sharkey Avenue, Suite 400│Clarksdale, MS 38614│T 662.624.8600│F 662 .624.8537 

Washington, DC Office: 444 North Capitol, NW, Suite 292│Washington, DC 20001│T 202.434.4870│F 202.434.4871 

www.dra.gov

through DRA foster inclusive communities, strengthen regional collaboration and productive capacity; achieve

sustained, long‐term economic development; and produce meaningful opportunities for all people in the DRA

region.

Respectfully submitted,

L

Corey Wiggins, Ph.D.

Federal Co‐Chairman
 

 

 

 

 

 

 

 

 

Section 2 – Management’s Discussion and Analysis 

   
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

4

Introduction 

As management of Delta Regional Authority (DRA or the Authority), we offer readers of DRA’s Performance and

Accountability Report this narrative overview and analysis of the financial activities of DRA for the fiscal year ended

September 30, 2023. We encourage the readers to consider the information presented here in conjunction with

information furnished within this report.

DRA is an Independent federal agency of the U.S. Government. DRA was established in 2000 as a formal framework

for joint Federal‐State collaboration to promote and encourage the economic development of the lower Mississippi

River and Alabama Black Belt regions. To fulfill this purpose, DRA invests in projects supporting transportation

infrastructure, basic public infrastructure, workforce training, and business development. DRA worksto create jobs,

build communities, and improve the lives of those that reside in the region. DRA’sregion encompasses 252 counties

and parishes in parts of Alabama, Arkansas, Illinois, Kentucky, Louisiana, Mississippi, Missouri, and Tennessee.

Congress mandated (7 U.S.C. §2009aa) that DRA shall provide funding for the following four categories:

 Basic public infrastructure in distressed counties and isolated areas of distress;

 Transportation infrastructure for the purpose of facilitating economic development in the region;

 Business development, with emphasis on entrepreneurship; and

 Job training or employment‐related education, with emphasis on the use of existing public educational

institutions located in the region.

Congressional stipulations include:

 The Authority will allocate at least 75% of Authority funds for use in distressed counties; and

 The Authority shall allocate at least 50% of any funds for transportation and basic public infrastructure

projects.

The following is a discussion and analysis of the operating results and financial position of DRA, created by the Delta

Regional Authority Act of 2000. The Authority's reauthorization was extended by the Agricultural Act of 2018.

As listed in the Management's Discussion and Analysis and throughout the Performance and Accountability Report,

DRA continues to emphasize performance, accountability and sustainability within its programs. Please review this

document in conjunction with the annual financial statements and accompanying notes.

Fiscal Year 2023 Counties and Parishes 

DRA calculates distress criteria on an annual basis. To be deemed distressed, counties and parishes must meet the

following criteria:

1. An unemployment rate of one percent higher than the national average for the most recent 24‐month

period.

2. Have a per capita income of 80 percent or less of the most recent national per capita income level.

DRA’s enabling legislation requires the Authority to update its distressed and non‐distressed county as well as

isolated areas designation annually. The tabulation for fiscal year 2023 resulted in 224 distressed counties and

parishes and 28 non‐distressed counties and parishes and 240 isolated areas within non‐distressed counties and

parishes (see list below).

   
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

5

Non‐Distressed List as of September 30, 2023 

Arkansas  Illinois  Louisiana  Plaquemines

Arkansas Hamilton Ascension Pointe Coupee

Pulaski White Cameron Rapides

Williamson De Soto Red River

    East Baton Rouge Richland

    Jefferson

Alabama ‐ None  Kentucky  Lincoln Mississippi 

Carlisle Livingston Madison

Hickman Madison

McCracken Morehouse Tennessee 

    Natchitoches Dyer

    Orleans Fayette

    Ouachita   

 

Distressed List as of September 30, 2023 

Alabama  Dallas Monroe Louisiana  Iberia Union

Barbour Escambia Perry Acadia Iberville Vermillion

Bullock Greene Pickens Allen Jackson Washington

Butler Hale Russell Assumption Jefferson Davis Webster

Choctaw Lowndes Sumter Avoyelles La Salle West Baton Rouge

Clarke Macon Washington Beauregard Lafourche West Carroll

Conecuh Marengo Wilcox Bienville St. Bernard West Feliciana

     Caldwell St. Charles Winn

Arkansas  Fulton Phillips Catahoula St. Helena

Ashley Grant Poinsett Claiborne St. James

Baxter Greene Prairie Concordia St. John the Baptist

Bollinger Independence Randolph East Carroll St. Landry

Bradley Izard Searcy East Feliciana St. Martin

Calhoun Jackson Sharp Evangeline St. Mary

Chicot Jefferson St. Francis Franklin Tangipahoa

Clay Lawrence Stone Grant Tensas

Cleveland Lee Union     

Craighead Lincoln Van Buren Illinois  Johnson Saline

Crittenden Lonoke White Alexander Massac Union

Cross Marion Woodruff Franklin Perry

Dallas Mississippi Gallatin Pope

Desha Monroe Hardin Pulaski

Drew Ouachita Jackson Randolph

   
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

6

Distressed List as of September 30, 2023 (continued)

Kentucky  Henderson Trigg Mississippi  Humphreys Simpson

Ballard Hopkins Union Adams Issaquena Smith

Caldwell Livingston Webster Amite Jasper Sunflower

Calloway Lyon Attala Jefferson Davis Tallahatchie

Christian McLean Benton Lafayette Tate

Crittenden Marshall Bolivar Lawrence Tippah

Fulton Muhlenberg Carroll Leflore Tunica

Graves Todd Claiborne Lincoln Union

     Coahoma Marion Walthall

Missouri  Madison Shannon Copiah Marshall Warren

Bollinger Mississippi Ste. Genevieve Covington Montgomery Washington

Butler New Madrid St. Francois DeSoto Panola Wilkinson

Cape Girardeau Oregon Stoddard Franklin Pike Yalobusha

Carter Ozark Texas Grenada Quitman Yazoo

Crawford Pemiscot Washington Hinds Rankin

Dent Perry Wayne Holmes Sharkey

Douglas Phelps Wright     

Dunklin Reynolds Tennessee  Hardeman Madison

Howell Ripley Benton Hardin McNairy

Iron Scott Carroll Haywood Obion

     Chester Henderson Shelby

     Crockett Henry Tipton

     Decatur Lake Weakley

     Gibson Lauderdale

Organizational Structure 

The Federal member and Governors of each of the states in the eight‐state region, jointly referred to as “the

Authority,” establish a formal framework for joint Federal‐State collaboration in meeting and focusing national

attention on the economic development needs of the region.

The DRA Board is comprised of Governors from the eight states in the DRA region along with the Federal member,

or Federal Co‐Chairman, who is appointed by the President and confirmed by the U.S. Senate. The Governors

annually appoint a States' Co‐Chairman, and in fiscal year 2023, Governor J.B. Pritzker of Illinois was elected to serve

as the fourteenth States' Co‐Chairman.  

DRA statute requires the Board to hold an annual quorum meeting, which mandates the attendance of a majority

of the states' Governors. For all other DRA meetings, Governors may appoint an alternate to serve in their absence.
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

7

Pursuant to 7 U.S.C. §2009aa‐1. (d), the Authority shall‐ 

(1) Develop, on a continuing basis, comprehensive and coordinated plans and programs to establish priorities and

approve grants for the economic development of the region, giving due consideration to other federal, state,

and local planning and development activities in the region;

(2) Not later than 220 days after December 21, 2000, establish priorities in a development plan for the region

(including 5‐year regional outcome targets);

(3) Assess the needs and assets of the region based on available research, demonstrations, investigations,

assessments, and evaluations of the region prepared by federal, state, and local agencies, universities, local

development districts, and other nonprofit groups;

(4) Formulate and recommend to the Governors and legislatures of States that participate in the Authority forms

of interstate cooperation;

(5) Work with state and local agencies in developing appropriate model legislation;

(6) (A) Enhance the capacity of, and provide support for, local development districts in the region; or (B) if no local

development district exists in an area in a participating state in the region, foster the creation of a local

development district;

(7) Encourage private investment in industrial, commercial, and other economic development projects in the

region; and

(8) Cooperate with and assist State governments with economic development programs of participating States.

DRA maintains two office locations:

Main Office:         Washington D.C. Office:

236 Sharkey Ave     Hall of States Building, 444 North Capitol Street NW

Suite 400         Suite 546

Clarksdale, Mississippi 38614     Washington, D.C. 20001

DRA maintainstwo federal employee positions, the Federal Co‐Chairman and the Alternate Federal Co‐Chairperson

(currently vacant).    For continuity of operations, DRA is structured to employ 30 non‐federal employees who

administer the purposes of the agency.    DRA currently employes 23 employees dedicated to serving the

communities of DRA’s region.
Delta Regional Authority 

Management’s Discussion and Analysis

Year Ended September 30, 2023

Organizational Chart  
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

9

Management of Delta Regional Authority 

DRA contracts with the General Services Administration (GSA) to perform the Commission’s accounting and

financial reporting regarding DRA’s economic development obligations, disbursements, and the financial reporting

of its federally‐  appropriated dollars. DRA has made tremendous efforts under the current Federal Co‐Chair’s

Administration to bring DRA into full compliance with the U.S. Department of Treasury laws and regulations.  During

fiscal year 2023, all funds deposited in the bank, asreported in prior year accountability reports, have been transferred

to the U.S. Treasury.

The agency’s approach is to make management controls an integral part of the entire cycle of planning, budgeting,

management, accounting, and auditing. DRA’s leadership has established a goal of maintaining the highest standards

of accountability and transparency in which all employees help ensure that government resources are used efficiently

and effectively to achieve intended program results with minimal potential for waste, fraud, and mismanagement.  To

that end, DRA , at the end of fiscal year 2023, launched a new comprehensive grants managementsystem.  Thissystem

will supplement the fiscal accountability services of DRA’s finance department supported by GSA.  The new system

providesreal‐time funding, grant‐status, and performance‐measurement information, as well as grant‐related financial

data, to authorized users. The system is built in compliance with zero trust architecture standards.

Financial Highlights 

The following is a summary of changes in assets, liabilities, revenues, expenditures and net position at September

30, 2023, as compared to the prior year:

 Total assetsincreased $4,225,887 or 2% in 2023 compared to an increase of $162,101,489 or 196% in 2022;

 Total liabilities increased $4,184,739 or 80% in 2023 compared to a decrease of $726,453 or 12% in 2022;

 Total net program costs increased $13,329,159 or 62% in 2023 compared to a decrease of $2,710,920 or

11% in 2022;

 Financing sources of operations increased $13,329,159 or 62% in 2023 compared to a decrease of

$2,710,920 or 11% in 2022; and

 Net position increased $41,148 or .02% in 2023 compared to an increase of $162,892,511 or 212% in 2022.

Overview of the Financial Statements 

The Management’s Discussion and Analysis introduces DRA’s principal statements. The principal statements

include: (1) balance sheets, (2) statements of net cost, (3) statements of changes in net position, (4) statements of

budgetary resources, and (5) notes to financial statements. DRA also includes in this report additional information

to supplement the principal statements. 

Balance Sheets – The balance sheets are summaries of assets, liabilities, and net position for each fiscal year.  They

include assets in possession or managed by the entity exclusive of items subject to stewardship reporting (assets),

amounts owed by the entity (liabilities), and amounts which comprise the difference (net position).
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

10

The fiscal year 2023 and 2022 increases in total assets were largely attributable to federal appropriations for

economic development purposes.  Total liabilities increased in fiscal year 2023 due to an increase in payables at

the end of fiscal year 2023. Net position increased in fiscal year 2023 compared to fiscal year 2022. An increase in

net position indicates that DRA’s financial condition improved in fiscal year 2023.

Statements of Net Cost – The statements of net cost are designed to show separately the components of the net

cost of the reporting entity’s operations for the period.  The net cost of operations is the gross cost incurred by the

reporting entity less any exchange revenue earned from its activities.  The gross cost of a program consists of the

full cost of the outputs produced by that program plus any non‐production costs that can be assigned to the

program. Non‐production costs are costs linked to events other than the production of goods and services.  The

net cost of a program consists of gross cost less related exchange revenues.  By disclosing the gross and net cost of

the entity’s programs, the statements of net cost provide information that can be related to the outputs and

outcomes of the programs and activities.

2023 2022  $ Change   % Change 

Total assets $     249,068,673   $     244,842,786   $        4,225,887 2%

Total liabilities              9,410,348               5,225,609              4,184,739 80%

Total net position          239,658,325          239,617,177                   41,148 0.02%

Total liabilities and

net position $     249,068,673   $     244,842,786   $        4,225,887 2%

2022 2021  $ Change   % Change 

Total assets $     244,842,786   $       82,741,297   $    162,101,489 196%

Total liabilities              5,225,609               5,952,062               (726,453) ‐12%

Total net position          239,617,177            76,789,235         162,827,942 212%

Total liabilities and

net position $     244,842,786   $       82,741,297   $    162,101,489 196%

 As of September 30, 

 Summary Balance Sheet  

 As of September 30, 

Summary Balance Sheet 

2023 2022 $ Change % Change

Program Costs

Gross cost $        36,498,656   $     21,813,570   $      14,685,086 67%

Less: earned revenue             (1,723,389)             (367,462)           (1,355,927) 369%

Total net program costs $        34,775,267   $     21,446,108   $      13,329,159 62%

 Years Ended September 30, 

 Summary Statement of Net Costs  
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

11

The fiscal year 2023 increase in total net program costs is attributable to an increase in SEDAP and CIF project

disbursements and an increase in earned revenue.

Statements of Changes in Net Position – The statements of changes in net position report the change in net position

during the reporting period. Net position is affected by changes to its two components: cumulative results of

operations and unexpended appropriations. The statement format is designed to display both components of net

position separately to enable the user to better understand the nature of changes to net position as a whole.

The increase in net position is attributable to change in unexpended appropriations against current year cumulative

result of operations.

Statements  of  Budgetary  Resources  – The statements of budgetary resources and related disclosures provide

information about how budgetary resources were made available, as well as their status at the end of the year. It

2022 2021 $ Change % Change

Program Costs

Gross cost $        21,813,570   $     26,004,985 $         ‐ (4,191,415) 16%

Less: earned revenue                 (367,462)          (1,847,957) 1,480,495             ‐80%

Total net program costs $        21,446,108 $      24,157,028 $         ‐ (2,710,920) 11%

Summary Statement of Net Costs 

Years Ended September 30,

2023 2022 $ Change % Change

Unexpended appropriations

Beginning balance 239,617,177 $       $        76,826,673 $      162,790,504 212%

Change in unexpended appropriations (63,422)                           162,790,504         ‐ (162,853,926) 100%

Total unexpended appropriations 239,553,755                  239,617,177                   ‐ (63,422) 0.03%

Cumulative results of operations

Beginning balance                               ‐ ‐                               ‐                               0%

Correction of errors (+/‐) 5,049                      ‐                                                   5,049 0%

Change in cumulative results of operations 99,521                    ‐                                                 99,521 0%

Total cumulative results of operations 104,570                  ‐                                               104,570 0%

Net position 239,658,325 $       $      239,617,177 $                41,148 0.02%

2022 2021 $ Change % Change

Unexpended appropriations

Beginning balance 76,826,673 $         $        67,560,194 $          9,266,479 14%

Change in unexpended appropriations 162,790,504                       9,229,041         153,561,463 1664%

Total unexpended appropriations 239,617,177                    76,789,235         162,827,942 212%

Cumulative results of operations

Beginning balance                               ‐ ‐                               ‐                               0%

Change in cumulative results of operations                               ‐ ‐                               ‐                               0%

Total cumulative results of operations                               ‐ ‐                               ‐                               0%

Net position 239,617,177 $       $        76,789,235 $      162,827,942 212%

Years Ended September 30, 

Summary Statement of Changes in Net Position 

Summary Statement of Changes in Net Position 

Years Ended September 30, 
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

12

is the only financial statement predominantly derived from an entity’s budgetary general ledger in accordance with

budgetary accounting rules, which are incorporated into generally accepted accounting principles in the United

States of America (GAAP) for the federal government.

Notes to Financial Statements – The notes to financial statements are an integral part of the financial statements

and provide more detailed data.

Limitations of the Financial Statements 

The principal financial statements have been prepared to report the financial position and results of operations of

the entity, pursuant to the requirements of 31 U.S.C. §3515(b). While the statements have been prepared from the

books and records of the entity in accordance with GAAP for federal entities and the formats prescribed by the

President’s Office of Management and Budget (OMB), the statements are, in addition to the financial reports, used

to monitor and control budgetary resources, which are prepared from the same books and records.

Grants Oversight and New Efficiency Act 

The objective of the Grants Oversight and New Efficiency (GONE) Act is to identify and close out expired grants. The

covered grants are those within an agency’s cash payment management system that have been expired for two or

more years and have not been closed out. DRA reviewed its close‐out population of federal grants and cooperative

agreements and found instances where either a grant award or cooperative agreement with the period of

performance ending on or prior to September 30, 2018, had not been closed out. Delays in grant and cooperative

agreement closeout, and challenges to be addressed pursuant to the GONE Act follow the table below.

2023 2022 $  Change % Change

Budgetary resources 199,144,866 $        $       213,527,021 $        ‐ (14,382,155) 7%

Status of budgetary resources 73,298,919 $          $         65,030,224 $          8,268,695 13%

Net outlays, end of year 28,378,547 $          $         18,243,126 $        10,135,421 56%

Unpaid obligated balance, net 122,664,650 $        $         91,097,974 $        31,566,676 35%

2022 2021 $  Change % Change

Budgetary resources 213,527,021 $        $         37,660,892 $      175,866,129 467%

Status of budgetary resources 65,030,224 $          $         42,233,871 $        22,796,353 54%

Net outlays, end of year 18,243,126 $          $         23,562,980 $          ‐ (5,319,854) 23%

Unpaid obligated balance, net 91,097,974 $          $         44,246,307 $        46,851,667 106%

Years Ended September 30,

Years Ended September 30,

Summary Statement of Budgetary Resources 

Summary Statement of Budgetary Resources 

Audit Opinion:  Unmodified

Restatement:  No

Material Weakness(es)

Beginning 

Balance New Resolved Consolidated

Ending 

Balance

Total Material Weaknesses                      ‐ ‐            ‐               ‐                          ‐                 

Year Ended September 30, 2023

Summary of Financial Statement Audit
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

13

Challenges 

Delaysin Grant and Cooperative Agreement Award Closeout ‐ As noted in DRA's enabling legislation,"Congressfinds

that certain States and local communities of the region, including local development districts, may be unable to

take maximum advantage of Federal grant programs for which the States and communities are eligible because: (1)

the States or communities lack the economic resources to provide the required matching share; or (2) there are

insufficient funds available under the applicable Federal lawauthorizing the Federal grant program to meet pressing

needs of the region." These limitations are often the reason DRA funds are needed as first dollars in on some of

these grants.  These limitations speak to other intrinsic limitations some of these communities’ experience, that

being, other resources to ensure the projects are completed on time and on budget.  

Changes in the Fund Obligation Process ‐ DRA has obligated funds over the course of four administrations. The first

administration obligated with a signed grant agreement; the second administration obligated with a board

approved (voted on) project.  Typically, grant agreements were signed and returned soon after, but there have

been occasions where the signed grant agreement took much longer to return.  This issue is exacerbated by an

extremely small administrative staff with little continuity over DRA's 21 years of existence.

Planned Corrective Actions 

To overcome challenges noted in the fiscal year 2022 PAR, during fiscal year 2023 DRA has implemented a robust

grants review and monitoring and compliance program which has helped to identify grantees which require

technical assistance, or awards which needed to be amended or which in some cases needed to be de‐obligated.

Additionally, during fiscal year 2023, DRA initiated steps to launch a new comprehensive grants management

system which was necessary to properly align program and administrative duties needed for checks and balances

as well as to ensure broader transparency and accountability regarding grants management.    The grants

management system implements a scoring system which will help DRA Board and Staff identify the feasibility of

projects and the readiness of grantees to successfully manage grants within the award period of performance. DRA

has also begun pre and post award technical assistance trainings which include a detailed overview of awards

administrative and legal requirements which ensure grantees are aware of reporting, close out and other

requirements related to their awards. DRA is well aware of the challenges faced by the communities we serve and

have worked through programs and initiatives such as the LDD Pilot Program, DRIVE and Roundtables to help

increase the capacity of grantees to not only apply for but to manage awards as well.

The Anti‐Deficiency Act 

Public Law 31 U.S.C. §1341, Limitations on Expending and Obligating Amounts, 31 U.S.C. §1342, Limitation on

Voluntary Services, and 31 U.S.C. §1517, Prohibited Obligations and Expenditures, and 31 U.S.C. §1501,

Documentary Evidence Requirement for Government Obligations make up the core of this Act.

31 U.S.C., Section 1341, Limitations on Expending and Obligating Amounts

An officer or employee of the U.S. Government or of the District of Columbia government may not‐‐‐ 

 Make or authorize an expenditure or obligation exceeding an amount available in an appropriation or fund

for the expenditure or obligation; or

Category No. of 2‐3 Years No. of >3‐5 Years

Grants and cooperative agreements with

undisbursed balances 10 2,484,034 $      3 509,118 $      

Summary of Grants Oversight and New Efficiency (GONE) Act

As of September 30, 2023
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

14

 Involve either government in a contract or obligation for the payment of money before an appropriation is

made unless authorized by law.

31 U.S.C., Section 1342, Limitation on Voluntary Services

An officer or employee of the U.S. Government or of the District of Columbia government may not accept voluntary

services for either government or employ personal services exceeding that authorized by law except for

emergencies involving the safety of human life or the protection of property.

31 U.S.C., Section 1517, Prohibited Obligations and Expenditures

An officer or employee of the U.S. Government or of the District of Columbia government may not make or

authorize an expenditure or obligation exceeding‐‐‐ 

 An apportionment; or

 The amount permitted by regulations prescribed under section 1514(a) of this title.

31 U.S.C., Section 1501, Documentary Evidence Requirement for Government Obligations

An amount shall be recorded as an obligation of the U.S. Government only when supported by documentary

evidence of‐‐‐ 

 A binding agreement;

 A loan agreement;

 Order required by law;

 A grant or subsidy;

 A liability from litigation;

 Employment of persons;

 Public utilities services; or

 Other. 

Violations of the Anti‐Deficiency Act 

Making or authorizing an obligation or expenditure: 

 In excess of an appropriation;

 Before an appropriation is made;

 In excess of an apportionment;

 In excess of agency regulations (e.g., allotment); or

 Accepting voluntary services (except in an emergency); employing personal services.

Violations of these rules will subject the officer or employee to:

 Appropriate administrative discipline;

 Suspension from duty without pay; or

 Removal from office.

Intentional violation of the Anti‐Deficiency Act will subject the officer or employee to:

 Fines up to $5,000;

 Imprisonment up to 2 years;

 Or both.   
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

15

Reporting a Violation

A violation report has to be prepared by the head of the offending agency and sent to:

 The President (through OMB);

 The Speaker of the House;

 The President of the Senate; or

 The Comptroller General.

The violation report must contain:

 Date, amount, account involved in violation;

 The name and position of the person responsible;

 Discipline imposed;

 Statement about the adequacy of administrative control system; and

 Statement of actions taken to prevent it from ever happening again.

For the year ended September 30, 2023, DRA complied with the Anti‐Deficiency Act.

The Prompt Payment Act 

The Prompt Payment Act (PPA) was enacted to ensure the federal government makes timely payments. Bills are to

be paid within 30 days after receipt and acceptance of material and/or services, or after receipt of a proper invoice

whichever is later. When payments are not made timely, interest should be automatically paid. The basic

requirements of the PPA for government finance offices are to:

 Date stamp all incoming invoices;

 Make payments no earlier than 23 days and no later than 30 days from the invoice date;

 Take discounts only within the terms offered;

 Pay interest automatically when payment is late; and

 Report performance based on statistical sampling to the OMB. 

Procedures and Guidelines DRA uses to comply with the Prompt Payment Act 

Mandatory IMP AC (government credit card program) for all purchases less than $2,500 may eliminate hours of

collection time on smaller dollar invoices. Under the current VISA card program, vendors are paid usually within 2‐

3 days of shipment of the order. The merchant bank then collects from the government. The government purchase

order is e‐mailed to the vendor, input into their order processing system and then invoiced electronically to the

payment office. When information is not re‐keyed into systems, the chances for errors in the order and billing

processes are reduced if not eliminated. DRA complied, in all relevant respects, with the PPA.

Data Accountability and Transparency Act of 2014 31 U.S.C. §6101, PL 113‐101 

The purpose of the Data Accountability and Transparency Act (DATA Act) is to establish government‐wide financial

data standards and increase the availability, accuracy, and usefulness of Federal spending information. The DATA

Act's vision was to provide reliable, timely, secure, and consumable financial management data for the purpose of

promoting transparency, facilitating better decision making, and improving operational efficiency.

DRA complied, with all material respects, with the DATA Act and reported information monthly, as required during

the fiscal year.   
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

16

Fraud Reduction and Data Analytics Act of 2015 

Under the Fraud Reduction and Data Analytics Act (FRDAA) of 2015, agencies are required to report on efforts to

reduce fraud. Standards require agencies to identify fraud risk factors and programs with increased susceptibility

for fraud. The report must include information on the agency’s progress in implementing:

 Financial and administrative controls established pursuant to the act,

 The fraud risk principle in the Standards for Internal Control in the Government, and OMB Circular A‐123,

Management’s Responsibility for Internal Control, with respect to leading practicesfor managing fraud risk,

 Progress in identifying risks and vulnerabilities to fraud, including with respect to payroll, beneficiary

payments, grants, large contracts, purchase and travel cards, and

 Progress on establishing strategies, procedures, and other steps to curb fraud.

DRA maintains an annual Financial Internal Control and Risk Management Plan that identifies, through quantitative

and qualitative analysis, transactional areas that are susceptible to inaccuracies and/or fraud. The plan contains

specific process areas that are tested throughout the fiscal year to ensure the process results are accurate and

reasonable. Government‐issued travel cards have been identified as a program with a high risk for fraud.

The following controls are in place to prevent/mitigate fraud within the government travel card program:

 Reduced employee‐held travel cards to $2,500, with the exception of senior level management that is

capped at $7,500 due to frequency of required travel;

 A government travel card SOP is published defining the roles and rules of the program. The handbook is

reviewed and updated as needed; and

 Reduce the number of employees eligible for a government travel card.

The following administrative controls are in place to detect potential fraud within the travel card program:

 The Financial Management Coordinatorreviews purchase cardholders’statements and matchessupporting

receipts to billed charges monthly and communicates with cardholders regarding unmatched or suspicious

charges. When cardholders deny unmatched orsuspicious charges, the Financial Management Coordinator

refers such charges to the Director of Finance and Administration for review and disposition.

Control 

Environment Risk Assessment  Control Activities

Information & 

Communication

Monitoring 

Activities

Demonstrates commitment

to integrity and ethical

values.

Define objectives and

risk tolerances.

Designs control

activities.

Uses relevant,

quality information.

Performs ongoing

monitoring activities.

Exercises oversight

responsibilities.

Identifies, analyzes

and responds to risk.

Selects and

develops general

system controls.

Communicates

internally.

Evaluates issues and

remediates

deficiencies.

Establishes structure,

authority and responsibility. Assess fraud risk.

Deploys and

implements control

activities.

Communicates

externally.

Demonstrates commitment

to competence.

Identifies, analyzes

and responds to

change.

Enforces accountability.

Framework of Internal Control

Year Ended September 30, 2023
Delta Regional Authority  Management’s Discussion and Analysis

Year Ended September 30, 2023

17

 The Director of Finance and Administration rejects payments for unknown or suspicious charges and

requests the bank to investigate those purchases deemed suspect.

 After an investigation, the bank either provides copies of receipts to prove the employee initiated the

charge or issues credit to the cardholder.

Other areas reviewed for the annual Financial Internal Control and Risk Management Plan include:

 Payroll, and how fraud could be perpetuated through the time management system. The Accounting/HR

Supervisor prepares the payroll for bi‐weekly submission to the Director of Finance and Administration,

who reviews the submission for changes of personnel or salary from the prior month and budget and

compares names to authorized personnel and salaries to authorized/approved salaries.

 Contracts over $25,000, and how procurement procedures can be manipulated through fraud.

Below are additional strategies, procedures, and other steps employed by the agency to curb fraud:

 Prevent – educate employees on the care and use of a travel card;

 Prevent – conduct detailed fraud risk assessments to focus management attention;

 Deter/Detect – promote effective reporting tools for suspicious or inappropriate activities (whistleblower

hotline);

 Anti‐Fraud Policy/Training  ‐  communicate a policy and train employees to recognize suspicious or

inappropriate activities;

 Deter/Detect – response to fraud allegations of how it will be investigated/resolved.

DRA’s senior management believes that this policy sends a clear message that senior management is committed to

preventing and detecting fraud committed against the organization.

Contacting DRA’s Financial Management 

This financial report is designed to fulfill the obligations of DRA as it relates to the Accountability for Tax Dollars Act

of 2002.  The report details the financial position of DRA as of September 30, 2023 and 2022, and demonstrates

DRA’s accountability for all funds and appropriations received.

If you have any questions about this report or need additional information, please contact the Delta Regional

Authority via telephone by calling 662‐624‐8600 or mail by directing inquiries to the Director of Finance and

Administration, Delta Regional Authority, 236 Sharkey Avenue, Suite 400, Clarksdale, Mississippi 38614.

Other Contact/Reports 

Internet Home Page: http://dra.gov

Fraud/Whistleblower: http://dra.gov/accountability/promoting‐a‐transparent‐government/#fraud

Agency Financial Report: http://dra.gov/accountability/promoting‐a‐transparent‐government/

Strategic Plan: http://dra.gov/funding‐programs/strategic‐economic‐development‐plans‐by‐state/
Section 2 – Performance Report
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

18

Overview 

Performance Goals, Objectives and Results 

The Delta Regional Authority’s(DRA) performance seeksto be evidence‐based and data‐informed through strategic

planning and performance reporting in accordance with the Government Performance and Results Modernization

Act of 2010 (GPRAMA).

The second section of DRA’s fiscal year 2023 Performance and Accountability Report gauges actual short‐term

progress toward DRA’s Strategic Goals and Objectives as it relates to the program indicators and targets outlined

in DRA’s Regional Development Plan IV, Navigating the Currents of Opportunity, published in February 2023.

Significant performance results have been highlighted in the Management’s Discussion and Analysis section of this

report. This year’s Performance Section continues general improvement efforts under the Administration of the

current Federal Co‐Chair, Dr. Corey Wiggins. The data discussions contained in this section provide more detailed

accounts of the quality, validity, and source of data for virtually all performance indicators. A summary report card

preceding each strategic goal section indicates, in a transparent way, whether each target has been substantially

met (i.e., at least 95 percent achieved).

The Government Performance and Results Act of 1993 ("GPRA") requires all federal agencies to submit a report to

Congress on actual program results at the end of each fiscal year along with its audited financialstatements outlined

in the Office of Management and Budget (OMB) Circular No. A‐136, Financial Audit Manual.

DRA Programs 

Critical Infrastructure Programs

States' Economic Development Assistance Program (SEDAP)

SEDAP is DRA’s main investment tool used to fund basic public infrastructure, transportation infrastructure,

business development with an emphasis on entrepreneurship, and workforce development.

Community Infrastructure Fund (CIF)

CIF complements SEDAP as a primary investment tool for DRA. Investments support projects that address flood

control, basic public infrastructure, and transportation infrastructure improvements.

Public Works and Economic Adjustment Assistance (PWEAA)

This program helps distressed communities revitalize, expand, and upgrade their physical infrastructure. The

PWEAA program provides a wide range of technical, planning, and public works and infrastructure assistance in

regions experiencing adverse economic changes that may occur suddenly or over time.

Human Infrastructure Programs

Health Programs

Through partnerships with the U.S. Department of Defense, U.S. Department of State, and U.S. Department of

Health and Human Services, DRA supports the following programs:

Delta Doctors ‐ This program increases access to quality health care in DRA communities by using a J‐1 visa waiver

to allow foreign physicians trained in the United States to work in areas with a shortage of health professionals.

Innovative Readiness Training ‐ Through a partnership with the U.S. Department of Defense and the U.S. Military’s

reserve forces, the DRA supportsthe Innovative Readiness Training program in Delta communitiesto bring medical,

dental, and optical care to Delta residents in need of quality health care at no cost to the patients.
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

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Delta Region Community Health Systems Development Program  ‐  The DRA, in collaboration with the Health

Resources and Services Administration of the U.S. Department of Health and Human Services, implementsthe Delta

Region Community Health Systems Development – Technical Assistance Program to enhance healthcare delivery in

the Delta region. Through intensive technical assistance, healthcare providers in select rural communities are

helped to identify and address healthcare needs while strengthening the local healthcare system.

Delta Region Rural Hospital Workforce Training Program ‐ Through a partnershipwith the U.S. Department of Health

and Human Services Health Resources and Services Administration, the Delta Region Rural Health Workforce

Training Program addresses the ongoing need in healthcare facilities for trained administrative support or business

operations professionals in rural communities through the development of Strategic Networks that support

recruitment, formal training, certification, and placement of students. This program aims to provide training and

pathways to professional certifications to current administrative support professionals working in rural DRA region

healthcare facilities as well as new entrants to the workforce and dislocated workers.

Workforce Development Programs

Workforce Opportunity for Rural Communities (WORC)  ‐  In partnership with the U.S. Department of Labor,

Employment and Training Administration, Appalachian Regional Commission, and Northern Border Regional

Commission, approximately $44 million in grants were awarded in fiscal year 2023 under the WORC Initiative to

support workforce training and education in rural communities acrossthe Delta, Appalachian, and Northern Border

regions.

The Delta Workforce Grant Program (DWP) is an initiative designed to build long‐term community capacity and

increase economic competitiveness by providing grants to support workforce training and education programs

throughout the Mississippi River Delta and Alabama Black Belt regions. DWP supports projects and initiatives that

create a more vibrant economic future for the Delta region by expanding opportunities to recruit, train, and retain

a diverse and local workforce, aligning workforce and economic developmentstrategies, creating sustainable talent

pipelines, establishing or enhancing locally/regionally significant sector‐based partnerships, and supporting

enhanced workforce productivity through investments in innovative programming or services.

Capacity‐Building Programs

The LDD Community Support Pilot Program is a non‐competitive grant program open to the 45 LDDsin DRA’sservice

area. This program targets capacity‐building and community support resources to local development districts

(LDDs) that are helping economically distressed, isolated areas of distress, and persistent poverty communities

navigate federal, state, and other resources that impact economic and community development. The program is

designed to enhance the region’s resiliency and ability to compete for and leverage resources. The program is

funded through the Bipartisan Infrastructure Law signed by President Biden.

Strategic Planning Program  ‐  Communities across DRA’s eight‐state region lack the capacity and resources to

strategically plan. This program will give public entities access to strategic planning funds to address long‐standing

issues and develop a roadmap for economic growth and opportunity. Applicants for this program have the

autonomy to apply for a plan that fits the unique needs and challenges in their community. Eligible plans include,

but are not limited to, economic development plans, utility rate studies, transportation plans, workforce

development plans, and broadband deployment plans. The program isfunded through the Bipartisan Infrastructure

Law signed by President Biden.

Delta Regional Authority Strategic Planning 

In February 2023, the Authority approved and released the DRA Regional Development Plan IV: Navigating the

Currents of Opportunity.
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

20

The Regional Development Plan IV meets the requirements of the GPRAMA and is in accordance with DRA’s

enabling legislation 7 U.S.C. Section 2009aa‐1(d)(2). The plan is the basis for DRA’s performance, planning and

implementation, as well as fiscal management and accountability.

This plan is not just a statement of our priorities but a driver of the actions we have begun to embark on to capitalize

on tremendous opportunities, focus on rural and distressed communities, and strengthen regional economic

development. DRA’s strategic goals reflect the Authority’s fourfold commitment to advancing infrastructure, job

creation, business expansion, and local economies. Our strategic goals for the next five years include:  

 DRA will expand and invest in the resiliency of the region’s public infrastructure to improve residents’ quality

of life and increase economic opportunity.

 DRA will improve networks of agencies, organizations, businesses, and educational institutions providing

workforce development opportunities. It will promote accessto services, funding, and programsthat enable

career stability.

 DRA will strengthen the competitiveness of the region’s employers, attract new employers to the region,

and support the long‐term growth of micro and small businesses.

 DRA will expand efforts to enhance sustainable and inclusive local placemaking, quality of life, and

community capacity.

To solidify its goals and ascertain that the DRA is assisting communities in meaningful ways, DRA aims to adopt

measurable targets related to those goals. The DRA is committed to achieving four cross‐cutting performance

targets through investments in its four strategic goals. The performance targets are:

1. Families with improved access to infrastructure and/or services.

2. People trained.

3. Jobs created.

4. Jobs retained.

These targets relate to the broad outcomes that the DRA is working to achieve over the 2023 to 2027 plan period.

Progress toward those targets will assist communities within the region in their efforts to navigate economic ebbs

and flows and to enrich the lives of their residents. The extent to which various goals align with targets will vary,

depending on which grant projects and actions are funded. Based on the illustrative projects outlined in the 2023‐

2027 Goals and Strategies section, all performance targets align with each of the four strategic goals.

Goal 1: DRA will expand and invest in the resiliency of the region’s public infrastructure to improve residents’ quality 

of life and increase economic opportunity. 

Strategy 1.1 Invest in resilient public physical infrastructure repair and

modernization to provide DRA residents with reliable transportation, utility,

telecommunications, digital and other public infrastructure.

Meets

Strategy 1.2 Invest in high‐efficiency public infrastructure development to preserve

the region's natural heritage and urge natural resource stewardship.

Meets

Strategy 1.3 Pursue digital inclusion through affordable, quality digital communications

infrastructure to enable communities to remain connected to and access critical services

and resources.

In Progress
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

21

Strategy 1.4 Support environmentally sustainable investments in communities

within the region that are disproportionately affected by human‐made

environmental hazards.

Meets

During fiscal year 2023, DRA supported modernization projects for public utilities (e.g., wastewater treatment

plants, sewer systems), made strategic investments in the region’s public transportation infrastructure (e.g.,

highways, railroads, ports, waterways, dams and bridges, and airports) that further workforce retention and job

creation, and made investments to support the repair of existing transportation infrastructure so that social and

economic activities within communities are not disrupted.

In its Regional Development Plan IV, DRA made a commitment to expand the DRA region’s energy infrastructure

and production capacity by emphasizing high efficiency, clean technologies and indigenousresources(e.g., biofuels,

water, wind, geothermal, hydroelectric, and solar) wherever possible; and to provide investments that support

clean energy and resilience while creating jobs and rebuilding manufacturing capacity in the DRA region.

Additionally, DRA is expanding workforce development programs to provide industry‐specific training (e.g., clean

energy, broadband installation and maintenance, and health care), strengthen talent pipelines, enhance industry

clusters, and support regional economic development.

Demonstration of DRA investments is exemplified by investments made throughout the region, including these

highlighted investments:

 DRA awarded a $3,539,000 investment that will boost economic development and improve the quality of

life for current and future businesses and residents surrounding the BlueOval City automotive complex near

Stanton, Tennessee. BlueOval City is Ford’s largest, most advanced auto production complex in its history

and will be home to the next‐generation electric truck from Ford. Funding from this project is provided by

the Community Infrastructure Fund. The investment will be matched by $8,140,000 in additional fundsfrom

the U.S. Department of Agriculture Rural Development. The Town of Stanton investment project will provide

water and sewer utility services to facilities critical to BlueOval City. The project is expected to create 2,700

direct jobs and over 3,300 indirect jobs.

 DRA awarded $630,400 to five communities in Illinois, Louisiana, and Missouri in its first round of funding

through the Strategic Planning Program, including $150,000 to the Alexander‐Cairo Port District located in

Southern Illinois. The funding will be utilized to develop a master plan that will identify the scope for port

development and the future of the riverport.

 Using fiscal year 2023 funding, the Sesser North Street Watermain Replacement project in Sesser, Illinois,

has been awarded more than $199,000 to replace a cast iron watermain.

Additionally, DRA, as a demonstration of our commitment to exploring how we can adjust our criteria and improve

policies, senior staff attended the White House Summit on Building Climate Resilient Communities on September

28, 2023. DRA is working to advance environmental justice through the active implementation of Justice40

requirements in our financial assistance programs and capacity‐building initiatives.

DRA has committed to the review of its policies and program criteria to ensure the agency demonstrates its pursuit

of digital inclusion and support for environmentally sustainable investments in communities within the region that

are disproportionately affected by human‐made environmental hazards. DRA leadership is exploring ways to

stimulate access to high‐speed broadband services by DRA communities for telehealth, remote learning, telework

and entrepreneurship, economic growth, and job creation by endorsing affordable, quality digital infrastructure.

We will prioritize project submissions that repurpose abandoned facilities to use as communal digital learning
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

22

centers and those that improve digital infrastructure and discuss opportunities for smaller firms to expand services

to support rural areas.

Contributing Programs:  

States’ Economic Development Assistance Program, Community Infrastructure Fund, and the Public Works and Economic

Adjustment Assistance Program supported through a partnership with the U.S. Economic Development Administration.

Goal 2: DRA will improve networks of agencies, organizations, businesses, and educational institutions providing 

workforce development opportunities. It will promote access to services, funding, and programs that enable career 

stability. 

Strategy 2.1 Invest in workforce development programs (e.g., apprenticeships,

internships, programs at technical and community colleges) tailored to regional

needs, designed to support residents to enter and remain in the workforce, and

structured to connect participants to existing jobs and/or attract new employment

opportunities.

Meets

Strategy 2.2 Equip and enable an inclusive and equitable workforce today for

multigenerational impacts and a stronger workforce in the future.  

Meets

Strategy 2.3 Increase access to affordable, high‐quality health and wellbeing

services to improve employees’ health and support communities’ economic

prosperity.

Meets

DRA’s fiscal year 2023 investments demonstrate its understanding that successful workforce development relies

upon a nurturing ecosystem that helps organizations and communities identify the job skills required not only for

the current economy but also to prepare the community for future‐ready innovation. To that end, DRA convened

through a series of Roundtables inclusive of federal, state, and local agencies as well as regional university,

philanthropic, Community Development Financial Institutions and small business partners to explore benchmarks

for workforce development needs in the DRA region, share best practices across counties and parishes, and

leverage available funds. Additionally, we invested in the educational attainment and skills enhancement of

systematically left behind students and workers who are underemployed or unemployed, who are displaced or at

risk of becoming displaced, and those who are disadvantaged.

Through our health services programs, DRA promoted healthcare education to encourage residents’ use of

healthcare resources for higher labor‐force participation and healthier people across the DRA region, increase

access to medical, dental, and optical care for DRA residents, particularly in rural areas, through the existing

partnership with U.S. Department of Defense through Innovative Readiness Training missions, and enhanced

healthcare delivery and boost economic development in select rural communities through intensive technical

assistance to healthcare providers through the Delta Region Community Health Systems Development ‐ Technical

Assistance Program.

Utilizing fiscal year 2023 funding, DRA made the following investments, which are only a highlight of DRA’s

investments:

 The Jobs 4 You Cabot project in Little Rock, Arkansas has been awarded $509,000 to build a Jobs 4 You

Vocational Training Center in Cabot, Arkansas.

 The Workforce Training Expansion – Welding Space Reconfiguration and Renovation project in Pocahontas,

Arkansas has been awarded more than $256,000 to renovate Black River Technical College’s welding space

on its Pocahontas campus.
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

23

 The Skills to Launch Program project in Paragould, Arkansas has been awarded more than $221,000 for the

10‐week scholarship‐based hands‐on program designed to provide technical skills and soft skills training for

Greene County’s labor force.

Contributing Programs:

States’ Economic Development Assistance Program, Delta Workforce Grant Program, and DRA Health Services

Programs.

$450,000 to the Green River Area Development District to support awater andwastewater operator apprenticeship

program serving residents in the Green River region of Western Kentucky.

Goal 3: DRA will strengthen the competitiveness of the region’s employers, attract new employers to the region, 

and support the long‐term growth of micro and small businesses. 

Strategy 3.1 Invest in programs and business opportunities that address critical

challenges facing DRA communities while providing opportunities to attract and

retain talent locally.

In Progress

Strategy 3.2 Provide technical assistance and other support for entrepreneurship

and small business development in the DRA region.

In Progress

Strategy 3.3 Expand access to business capital (e.g., revolving loan funds, micro

loans, angel investing) to support entrepreneurship, local,small and micro business

innovation, and economic equity.

In Progress

DRA acknowledges the correlation between small business development and entrepreneurship and their

contribution to economic growth. To that end, we are supportive of entrepreneurs growing microenterprises and

tapping into federal funding sources. To create networks and pathways, we are working to facilitate public/private

partnerships to create loan funds and offer credit enhancement programs with Community Development Financial

Institutions that increase access to credit bridge gaps in collateral shortfalls for historically marginalized groups

across the DRA footprint. While we continue to make progress in this area, DRA has made investments needed to

increase rural access to the benefits of unique innovation assets (e.g., startup incubators) found within urban

centers for greater regional collaboration and which address entrepreneur and small and micro business physical

space needs (e.g., maker spaces, incubators, shared working spaces, façade, and signage needs) that also support

community space needs.

Specifically, using fiscal year 2023 funding, DRA made the following investments:

 The Market – Farmers Market and Food Entrepreneurship Center project in Dyersburg, Tennessee has been

awarded more than $216,000 to renovate the Main Street Dyersburg Farmers Market to better serve a food

desert and provide training to food‐related entrepreneurs.

 To expand accessto business capital, DRA developed a series of Roundtables, which will be launched in fiscal

year 2024 and include a roundtable session with Community Development Financial Institutions and Small

Businesses to discuss barriers, bright ideas, and best practices in accessing federal grant opportunities to

enhance business growth and entrepreneurship.

 DRA’s commitment to build upon these priorities to expand its impact in the region includes outreach to

DRA stakeholders, including local governments, nonprofit organizations, local development districts,

community colleges, and four‐year institutions of higher learning. Some of these outreach and technical

assistance efforts have included:
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

24

o In 2023, DRA conducted ten in‐person and one virtual LDD trainings providing technical assistance

and capacity‐building training for LDDs.

o Technical assistance and capacity‐building training for the WORC Initiative, which is a partnership

between the U.S. Department of Labor, Employment and Training Administration, the Appalachian

Regional Commission, the DRA, and the Northern Border Regional Commission that funds grant

projects within the Appalachian, lower Mississippi Delta, and Northern Border regions. In 2023,

DRA conducted one in‐person Pre‐Technical Assistance training opportunity in Alexandria,

Louisiana for potential applicants applying for the WORC grant with over 80 attendees and one

virtual Pre‐Technical Assistance training opportunity.

Contributing Programs:

States’ Economic Development Assistance Program, Delta Workforce Grant Program, DRA’s Capacity‐Building

Programs, including the LDD Community Support Program and the Strategic Planning Grants Program.

DRA acknowledgesthe development of a robust entrepreneurial environment isimportant to the long‐term success

of the region. Entrepreneurs, innovative companies, creative workers, and technology are key elements of the

regional economy.

Goal  4:  DRA  will  expand  efforts  to  enhance  sustainable  and  inclusive  local  placemaking,  quality  of  life,  and 

community capacity. 

Strategy 4.1 Provide for leadership development among local leaders and

organizations by investing in education, skill development, and pilot initiatives.

Meets

Strategy 4.2 Create support mechanisms to enable communities to be competitive

when applying for and increasing the ability to receive financial support.

Meets

Strategy 4.3 Enhance collaboration and social capital to empower residentsto drive

change within and outside of their communities.

Meets

Strategy 4.4 Invest in local grassroots efforts that provide support for creative

placemaking and projects that celebrate local culture in order to enrich the quality

of life and quality of place for current and future residents.

In Progress

In September of 2023, DRA graduated 37 regional leaders from the Delta Leadership Institute (DLI) Executive

Academy, an extensive, nine‐month leadership development program that brings together public, private, and

nonprofit sector leaders from the Mississippi River Delta and Alabama Black Belt regions. The 2023 DLI Executive

Academy Class was selected through a competitive application process led by DRA’s eight‐state governors and

DRA’s Federal Co‐Chairman. This program equips a dedicated and diverse group of leaders to drive change within

and outside of their communities and accelerate prosperity across the region.

The Strategic Planning Program was designed to help communities in the DRA region identify and develop strategic

plans to address infrastructure, industry growth, workforce pipelines, and small business development issues. The

program aims to provide underserved communities in the Mississippi River Delta and Alabama Black Belt regions

with the necessary resources to develop plans to help alleviate prolonged issues and guide economic growth. DRA

awarded $630,400 to five communities in Illinois, Louisiana, and Missouri in its first round of funding through the

Strategic Planning Program. Funding for this program was made available by the Bipartisan Infrastructure Law

signed by President Biden, a key part of his Investing in America agenda. Project awards include:
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

25

 The Alexander‐Cairo Port District was awarded $150,000 for the development of a master plan that will

identify the scope for port development and the future of the riverport.

 The City of Sesser was awarded over $45,000 for a video‐assisted sewer inspection and planning report that

will position Sesser to identify sewer lines in need of repair or replacement and leverage funding sources

that will lead to improved critical infrastructure.

 The City of Minden was awarded $135,000 for a comprehensive economic development plan that will assess

basic public infrastructure and strategies that will enhance workforce and small business development.

 The Lake Providence Port Commission was awarded $150,000 for a master plan that will focus on financial

resourcing for infrastructure upgrades at logical hubs such as ports and railways.

 The South Central Ozark Council of Governments, in collaboration with Howell, Oregon, Ozark, Douglas,

Texas, Wright, and Shannon Counties, has been awarded $150,000 for the development of a feasibility study

that will focus on the development of a regional industrial incubator that will offer financing, mentoring,

administrative support, and physical space to businesses.

 DRA also launched the Delta Revitalization through Innovation, Vision, and Equity (DRIVE) Pilot program in

partnership with the University of Memphis Division of Research and Innovation. The Pilot program was

created to help distressed and underserved communities build capacity and drive community‐centered

economic growth in the Mississippi River Delta region. The DRIVE Pilot program is part of DRA’s efforts to

advance equity for communities that have been historically underserved, marginalized, and adversely

affected by persistent poverty. Through an intensive year‐long, cohort‐based program, the DRIVE Pilot

program will bring together eight small towns to increase local capacity in economic and workforce

development that will support long‐term economic opportunity in rural communities. The participating

towns include Eudora, Arkansas; Helena‐West Helena, Arkansas; Osceola, Arkansas; Hazlehurst, Mississippi;

Port Gibson, Mississippi; Tunica, Mississippi; Brownsville, Tennessee; and Whiteville, Tennessee.

Although we continue to make improvements in this area, we have made investments necessary to enrich the

quality of life for communities. An example of this type of investment was the $1.6 million grant award made in the

second quarter of fiscal year 2023 to Marion, Illinois. The award funded the construction of a new city‐owned

roadway essential to the first phase of a new economic development project in Marion, Illinois. The transportation

project will be part of the first phase of the Oasis Sports Complex, a state‐of‐the‐art multi‐sports complex to be

developed by Marion Fields in Southern Illinois. The Oasis Sports Complex will create hundreds of new jobs by

tapping into the youth sports industry, a multi‐billion‐dollar market in the United States. It will occupy a +/‐ 240‐

acre site and feature synthetic turf baseball, softball, soccer, lacrosse, and football fields. According to a feasibility

study conducted by Sports Facility Management, once stabilized, the complex will host 64 tournaments annually,

attracting over 450,000 visitors and resulting in more than 62,725 additional overnight hotelstays, generating $25.2

million in direct spending.

Contributing Programs:  

Delta Leadership Institute, the Strategic Planning Grants Program, the LDD Pilot Project, DRA’s capacity‐building

hub initiatives, including DRIVE and DRA Roundtables supported by Rural Community Advancement Program

funding.  

Administration of DRA 

DRA also committed to several administrative and operational actionssuch asimproving its grant application portal,

advancing principles of the Justice40 Initiative, revising programmatic guidelines to increase engagement with

HBCUs and federally‐recognized tribes, devising a more inclusive stakeholder outreach strategy and revising
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

26

programmatic guidelines to increase engagement with BIPOC, LGBTQ+, faith‐based organizations, and other

marginalized groups, and revising programmatic guidelines to increase investment in persistent poverty counties.

DRA has worked tirelessly to fully comply with the U.S. Code, Executive Orders, and OMB Guidance and to

implement policies and protocolsthat integrate all requirements of Presidential initiativesissued through Executive

Orders, OMB Memoranda, Budget Data Requests, and other data calls.

• DRA’s Infrastructure Program Implementation Plan pursuant to M‐22‐12 Advancing Effective Stewardship

of Taxpayer Resources and Outcomes in the Implementation of the Infrastructure Investment and Jobs Act.

Submitted January 25, 2023.  

• DRA continues to take action and utilize the committed resources necessary to comply with the

requirements of the memorandum to achieve specific zero‐trustsecurity goals by the end of fiscal year 2024.

Cybersecurity Executive Order pursuant to Executive Order 13985 Implementation Coordination and

Learning Community and M‐22‐09 Federal Zero Trust Strategy (whitehouse.gov). In fiscal year 2023, DRA

worked to shore up our networks, devices, automation, workloads, and people (identity). Through system

procurement protocols, transition to Office 365 GCC, implementation of multi‐factor authentication (MFA)

at critical access nodes, streamlined and limited access control to IP doorways to include via our website

and “portals,” and even implementation of trusted workforce 2.0, we are in a much better compliance

posture. DRA implemented protocols that restrict ease in unauthorized sharing of data outside DRA‐

authorized users. Through both 365GCC and GMS, we have improved our data storage posture. DRA is also

looking at resourcing internal organizational capacity to support our continued momentum toward full ZTA

compliance.  

• Executive Order on DEIA in the Federal Workforce pursuant to Executive Order on Diversity, Equity,

Inclusion, and Accessibility in the Federal Workforce. DRA continues to implement its commitments in the

Equity Action Plan, published in January 2021, and filed its annual report detailing those action items in

January 2023.

• Memorandum on Tribal Consultation and Strengthening Nation‐to‐Nation Relationships pursuant to

Executive Order 13175. DRA continues to consult with and be inclusive of the tribal communities within our

region.   

• Executive Order 14096, “Revitalizing Our Nation’s Commitment to Environmental Justice for All,” April 21,

2023, DRA continues to advance environmental justice, including making investments in disadvantaged

communities and measuring our distribution and benefits to these communities as required by Justice40

Initiative (and Executive Order on the Climate Crisis) pursuant to M‐21‐28 Interim Implementation Guidance

for the Justice40 Initiative.

• Environmental Justice Scorecard submitted March 23, 2023.

• Lapse Plan  ‐  As required by section 124 of the OMB Circular A‐11, DRA participated in the federal

government‐wide meeting led by OMB with all agencies and, on September 25, 2023, submitted its Lapse

Plan outlining the DRA’s plan for operating in the event of a lapse in appropriations.

• DRA submitted its fiscal year 2024 Congressional Budget Justification to OMB on March 10, 2023. To ensure

DRA maintains the efficiencies and equities across its funding programs and initiatives, the 2024 Budget

included the following two proposals to amend DRA’s authorizing statute:  

1. Adding “Indian Tribes” to eligible entities: We propose an amendment to expressly include “tribes” in

DRA’s statute as an eligible entity. This amendment would be made, specifically and exclusively, to 7

U.S. Code Section 2009aa‐2 Economic and Community Development Grant.
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

27

Amend: (a) In general, “The Authority may approve grants to States and public and nonprofit entities

for projects, approved in accordance with section 2009aa–8 of this title” to read “The Authority may

approve grants to States and local governments, Indian tribes, and public and nonprofit organizations

for projects, approved in accordance with section 2009aa–8 of this title.”

2. Expand grantmaking language to align with other Commissions: We would like to add grantmaking

language to align with the language of other regional commissions, including Southeast Crescent

Regional Commission, Southwest Border Regional Commission, and Northern Border Regional

Commission.

The proposed amendment would be the addition of the following “new” language as subparagraphs:

 (5) to provide assistance to severely economically distressed and underdeveloped areas of its

region that lack financial resources for improving basic health care and other public services;

 (6) to promote resource conservation, tourism, recreation, and preservation of open space in

a manner consistent with economic development goals;

 (7) to promote the development of renewable and alternative energy sources;

Causing renumeration of current subparagraphs (5) to (8).

In addition, the 2024 Budget included two legislative proposals through appropriations language:

Allow User Fees

DRA requests authority to collect and spend discretionary user fees in conjunction with the Delta Doctors J‐1 Visa

Program. Consistent with Government Accountability Office (GAO) Redbook guidance on user fees, collections may

only be spent on the cost to operate the visa program and may not be used to offset other agency programs or

operations. The agency should set and announce the user fee for public comment consistent with the GAO

Redbook.

The Delta Doctors Program increases the number of doctors serving Delta residents. The program allows foreign

physicians who are trained in the United States to work in medically underserved areas for three years by providing

those physicians with J‐1 Visa Waivers. Participants in the Delta Doctors Program do not take jobs away from U.S.‐

born physicians. Instead, they provide services in areas where there would otherwise be a shortage of physicians.

The impact of Delta Doctors Program in the region can be realized by the access to quality, affordable health care

and the economic impact the doctors make on the community in which they reside and practice. On average, each

Delta Doctor is estimated to create five full‐time jobs within their clinics and offices and an additional 3.4 full‐time

and part‐time jobs within the communities where they work.

Under the proposed authority, DRA would collect user fees from healthcare institutions and spend the collections

on the operation and staffing of the Delta Doctors Program.

Deletion of Sunsetting Provision

DRA requests appropriations language to amend DRA’s authorizing statute to remove section 382N of the Delta

Regional Authority Act of 2000.

Currently, DRA continues to fulfill its mission notwithstanding the sunset clause because prior year appropriations

language included a provision that allows the agency to continue to operate as long as it continues to have such

funding available.
Delta Regional Authority  Performance Report  

Year Ended September 30, 2023

28

Conclusion 

DRA serves a distinguished purpose and uniquely critical role within our regions. DRA’s impact in the region is not

just limited to the quantitative outputs from the agency’s investments, but it is also connected to DRA’s reputation

as a regional partner working closely with local governments and local development districts to help find solutions

to the challenges experienced in the region. It is critical that DRA remains a vital partner in the region to foster

inclusive communities, strengthen regional collaboration and productive capacity, achieve sustained, long‐term

economic development, and produce meaningful opportunities for all people in the DRA region.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section 3 – Financial Section 

   
   

                                            29

 

105 West President • P.O. Box 894 • P.O. Box 842 • Greenwood, Mississippi 38935

P: 662.453.7112 • F: 662.453.7123

Independent Auditor’s Report 

To Federal and State Co‐Chairs  

Members of the Board of Delta Regional Authority  

Clarksdale, Mississippi  

In our audits of the fiscal years 2023 and 2022 financial statements of Delta Regional Authority (the Authority), we

found:

 the Authority’s financial statements as of and for the fiscal years ended September 30, 2023 and 2022, are

presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles;

 no material weaknesses in internal control over financial reporting based on the limited procedures we

performed; and

 no reportable noncompliance for fiscal year 2023 with provisions of applicable laws, regulations, contracts,

and grant agreements we tested.

The following sections discuss in more detail (1) our report on the financial statements, which includes required

supplementary information (RSI) and other information included with the financial statements; and (2) our report

on internal control over financial reporting; (3) our report on compliance with laws, regulations, contracts, and

grant agreements.

Report on the Financial Statements

Opinion

In accordance with auditing standards generally accepted in the United States of America and the standards

applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of

the United States, and Office of Management and Budget (OMB) Bulletin No. 24‐01, Audit Requirementsfor Federal

Financial Statements, we have audited the Authority’s financial statements. The Authority’s financial statements

comprise the balance sheets as of September 30, 2023 and 2022; the related statements of net cost, changes in

net position, and budgetary resources for the fiscal years then ended; and the related notes to the financial

statements. In our opinion, the Authority's financial statements present fairly, in all material respects, the

Authority's financial position as of September 30, 2023 and 2022, and its net cost of operations, changes in net

position, and budgetary resources for the fiscal years then ended in accordance with U.S. generally accepted

accounting principles.

Basis for Opinion

We conducted our audits in accordance with U.S. generally accepted government auditing standards. Our

responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the

Financial Statements section of our report. We are required to be independent of the Authority and to meet our

other ethical responsibilities, in accordance with the relevant ethical requirementsrelating to our audit. We believe

that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for:

Robert K. VanDevender, CPA

Lance Mohamed, CPA  

Stribling W. Hargett, CPA  

W. Lee Mattox, CPA

Gay G. Moss, CPA

Fred T. Neely, CPA

(1897 – 1967)

Billy Joe Killebrew, CPA

(1942 – 2010)

Ralph F. Neely, CPA

(1927 – 2022)
To Federal and State Co‐Chairs  

Members of the Board Delta Regional Authority

Page 30

30

 the preparation and fair presentation of these financial statements in accordance with U.S. generally

accepted accounting principles;

 preparing, measuring, and presenting the RSI in accordance with U.S. generally accepted accounting

principles;

 preparing and presenting other information included in the Authority’s Performance and Accountability

Report, and ensuring the consistency of that information with the audited financialstatements and the RSI;

and

 designing, implementing, and maintaining effective internal control relevant to the preparation and fair

presentation of financial statements that are free from material misstatement, whether due to fraud or

error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events,

considered in the aggregate, that raise substantial doubt about the Authority’s ability to continue as a going concern

for a reasonable period of time.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to (1) obtain reasonable assurance about whether the financial statements as a whole are free

from material misstatement, whether due to fraud or error, and (2) issue an auditor’s report that includes our

opinion. Reasonable assurance is a high level of assurance but is not absolute assurance, and therefore, is not a

guarantee that an audit of the financial statements conducted in accordance with U.S. generally accepted

government auditing standards will always detect a material misstatement or a material weakness when it exists.

The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,

as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal

control. Misstatements, including omissions, are considered to be material if there is a substantial likelihood that,

individually or in the aggregate, they would influence the judgment made by a reasonable user based on the

financial statements.

In performing an audit in accordance with U.S. generally accepted government auditing standards, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or

error, and design and perform audit procedures responsive to those risks. Such procedures include

examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements in

order to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.

 Obtain an understanding of internal control relevant to our audit of the financial statements in order to

design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing

an opinion on the effectiveness of the Authority’s internal control over financial reporting. Accordingly, no

such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting

estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Perform other procedures we consider necessary in the circumstances.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise

substantial doubt about the Authority’s ability to continue as a going concern for a reasonable period of

time.
To Federal and State Co‐Chairs  

Members of the Board Delta Regional Authority

Page 31

31

We are required to communicate with those charged with governance regarding, among other matters, the

planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that

we identified during the financial statement audit.

Required Supplementary Information

U.S. generally accepted accounting principles issued by the Federal Accounting Standards Advisory Board (FASAB)

require that the RSI be presented to supplement the financial statements. Such information is the responsibility of

management and, although not a part of the financial statements, is required by FASAB, which considers it to be an

essential part of financial reporting for placing the financial statements in appropriate operational, economic, or

historical context.

We have applied certain limited procedures to the RSI in accordance with U.S. generally accepted government

auditing standards. These procedures consisted of (1) inquiring of management about the methods used to prepare

the RSI and (2) comparing the RSI for consistency with management’s responses to our inquiries, the financial

statements, and other knowledge we obtained during the audit of the financial statements, in order to report

omissions or material departures from FASAB guidelines, if any, identified by these limited procedures. We did not

audit and we do not express an opinion or provide any assurance on the RSI because the limited procedures we

applied do not provide sufficient evidence to express an opinion or provide any assurance.

Other Information

The Authority’s other information contains a wide range of information, some of which is not directly related to the

financial statements. This information is presented for purposes of additional analysis and is not a required part of

the financialstatements or the RSI. Management isresponsible for the other information included in the Authority’s

Performance and Accountability Report. The other information comprises the other information in the report but

does not include the financialstatements and our auditor’sreport thereon. Our opinion on the financialstatements

does not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and

consider whether a material inconsistency exists between the other information and the financial statements, or

the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude

that an uncorrected material misstatement of the other information exists, we are required to describe it in our

report.

Report on Internal Control over Financial Reporting 

In connection with our audits of the Authority’sfinancialstatements, we considered the Authority’sinternal control

over financial reporting, consistent with our auditor’s responsibilities discussed below.

Results of Our Consideration of Internal Control over Financial Reporting

Our consideration of internal control was for the limited purpose described below and was not designed to identify

all deficiencies in internal control that might be material weaknesses or significant deficiencies or to express an

opinion on the effectiveness of the Authority’s internal control over financial reporting. Given these limitations,

during our audit, we did not identify any deficiencies in internal control over financial reporting that we consider to

be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been

identified.

During our fiscal year 2023 audit, we identified a deficiency in the Authority’s internal control over financial

reporting that we do not consider to be a material weakness or significant deficiency. Nonetheless, the deficiency

warrants the Authority’s management’s attention. We have communicated this matter to Authority management

and, where appropriate, will report on it separately.
To Federal and State Co‐Chairs  

Members of the Board Delta Regional Authority

Page 32

32

Basis for Results of Our Consideration of Internal Control over Financial Reporting

We performed our procedures related to the Authority’s internal control over financial reporting in accordance

with U.S. generally accepted government auditing standards and Office of Management and Budget audit guidance.

Responsibilities of Management for Internal Control over Financial Reporting

The Authority management is responsible for designing, implementing, and maintaining effective internal control

over financial reporting relevant to the preparation and fair presentation of financial statements that are free from

material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for Internal Control over Financial Reporting

In planning and performing our audit of the Authority’s financial statements as of and for the fiscal year ended

September 30, 2023, in accordance with U.S. generally accepted government auditing standards, we considered

the Authority’s internal control relevant to the financial statement audit in order to design audit procedures that

are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the

Authority’s internal control over financial reporting. Accordingly, we do not express an opinion on the Authority’s

internal control over financial reporting. We are required to report all deficiencies that are considered to be

significant deficiencies or material weaknesses. We did not consider all internal controls relevant to operating

objectives,such asthose controlsrelevant to preparing performance information and ensuring efficient operations.

Definition and Inherent Limitations of Internal Control over Financial Reporting

An entity’s internal control over financial reporting is a process effected by those charged with governance,

management, and other personnel. The objectives of internal control over financial reporting are to provide

reasonable assurance that:

 transactions are properly recorded, processed, and summarized to permit the preparation of financial

statements in accordance with U.S. generally accepted accounting principles, and assets are safeguarded

against loss from unauthorized acquisition, use, or disposition, and

 transactions are executed in accordance with provisions of applicable laws, including those governing the

use of budget authority, regulations, contracts, and grant agreements, noncompliance with which could

have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent, or detect and correct,

misstatements due to fraud or error.

Intended Purpose of Report on Internal Control over Financial Reporting 

The purpose of this report is solely to describe the scope of our consideration of the Authority’s internal control

over financial reporting and the results of our procedures, and not to provide an opinion on the effectiveness of

the Authority’s internal control over financial reporting. This report is an integral part of an audit performed in

accordance with U.S. generally accepted government auditing standards in considering internal control over

financial reporting. Accordingly, this report on internal control over financial reporting is not suitable for any other

purpose.

Report on Compliance with Laws, Regulations, Contracts, and Grant Agreements 

In connection with our audits of the Authority’sfinancialstatements,we tested compliance with selected provisions

of applicable laws, regulations, contracts, and grant agreements consistent with our auditor’s responsibilities

discussed below.
To Federal and State Co‐Chairs  

Members of the Board Delta Regional Authority

Page 33

33

Results of Our Tests for Compliance with Laws, Regulations, Contracts, and Grant Agreements

Our tests for compliance with selected provisions of applicable laws, regulations, contracts, and grant agreements

disclosed no instances of noncompliance for fiscal year 2023 that would be reportable under U.S. generally

accepted government auditing standards. However, the objective of our tests was not to provide an opinion on

compliance with laws, regulations, contracts, and grant agreements applicable to the Authority. Accordingly, we do

not express such an opinion.

Basis for Results of Our Tests for Compliance with Laws, Regulations, Contracts, and Grant Agreements

We performed our tests of compliance in accordance with U.S. generally accepted government auditing standards.

Responsibilities of Management for Compliance with Laws, Regulations, Contracts, and Grant Agreements

The Authority management is responsible for complying with laws, regulations, contracts, and grant agreements

applicable to the Authority.

Auditor’s Responsibilities for Tests of Compliance with Laws, Regulations, Contracts, and Grant Agreements

Our responsibility is to test compliance with selected provisions of laws, regulations, contracts, and grant

agreements applicable to the Authority that have a direct effect on the determination of material amounts and

disclosures in the Authority’s financial statements, and to perform certain other limited procedures. Accordingly,

we did not test compliance with all provisions of laws, regulations, contracts, and grant agreements applicable to

the Authority. We caution that noncompliance may occur and not be detected by these tests.

Intended Purpose of Report on Compliance with Laws, Regulations, Contracts, and Grant Agreements

The purpose of this report is solely to describe the scope of our testing of compliance with selected provisions of

applicable laws, regulations, contracts, and grant agreements, and the results of that testing, and not to provide an

opinion on compliance. This report is an integral part of an audit performed in accordance with U.S. generally

accepted government auditing standards in considering compliance. Accordingly, this report on compliance with

laws, regulations, contracts, and grant agreements is not suitable for any other purpose.

Fred T. Neely & Company, PLLC

Greenwood, Mississippi

November 15, 2023
Delta Regional Authority  Balance Sheets

September 30, 2023 and 2022

The accompanying notes are an integral part of these financial statements.   34

2023 2022

Assets

Intragovernmental assets:

Fund balance with Treasury (Note 2) 247,160,035 $     $    239,530,202

Accounts receivable, net (Note 3) 1,475,301                           310,487

Advances and prepayments 17,286                                      8,464

Total intragovernmental assets 248,652,622                239,849,153

Other than intragovernmental assets:

Cash and other monetary assets 252,587                           4,843,544

Other assets 97,291                                 106,113

Property, plant and equipment, net (Note 4) 66,173                                    43,976

Total other than intragovernmental assets 416,051                           4,993,633

Total assets 249,068,673                244,842,786

Liabilities

Intragovernmental liabilities: (Note 6)

Accounts payable 26,522                   ‐                            

Advances from others and deferred revenue 3,431,294                        3,431,294

Other liabilities (Note 7) 1,083                                        2,021

Total intragovernmental liabilities 3,458,899                        3,433,315

Other than intragovernmental liabilities: (Note 6)

Accounts payable 4,828,787                           965,950

Federal employees and veterans benefit payable 161                                              319

Advances from others and deferred revenue 835,184                              553,421

Other liabilities (Note 7) 287,317                              272,604

Total other than intragovernmental liabilities 5,951,449                        1,792,294

Total liabilities 9,410,348                        5,225,609

Net position 

Unexpended appropriations ‐ all other funds

(consolidated totals) 239,553,755                239,617,177

Cumulative results of operations ‐ all other funds (consolidated

totals) 104,570                ‐                            

Total net position 239,658,325                239,617,177

Total liabilities and net position 249,068,673 $     $    244,842,786
Delta Regional Authority  Statements of Net Cost

For the Years Ended September 30, 2023 and 2022

The accompanying notes are an integral part of these financial statements.   35

2023 2022

Program Costs

Gross cost $             36,498,656 $               21,813,570

Less: earned revenue (1,723,389)                                        (367,462)

Total net program costs 34,775,267                                   21,446,108

Net cost of operations 34,775,267 $              $               21,446,108
Delta Regional Authority  Statements of Changes in Net Position

For the Years Ended September 30, 2023 and 2022

The accompanying notes are an integral part of these financial statements.   36

2023 2022

Unexpended appropriations

Beginning balance 239,617,177 $        $         76,826,673

Appropriations received 30,100,000                       180,100,000

Appropriations transferred‐in/out (+/‐) 5,660,286                ‐                               

Other adjustments (4,018,582)               ‐                               

Appropriations used (31,281,950)                       (17,300,124)

Other:

Cost of operations absorbed by member states and others 1,778,799                             1,744,504

Cost of operations absorbed by Rural Community Assistance Program               1,274,569              2,381,076

Disbursements of funds provided by member states and others (2,511,308)                           (1,747,973)

Disbursements of RCAP funds (1,065,236)                           (2,386,979)

Change in unexpended appropriations (63,422)                             162,790,504

Total unexpended appropriations           239,553,755          239,617,177

Cumulative results of operations

Beginning balance                                ‐ ‐                               

Corrections of errors (+/‐) 5,049                        ‐                               

Beginning balances, as adjusted 5,049                        ‐                               

Appropriations used 31,281,950                         17,300,124

Imputed financing                     16,294                    11,032

Other:

Disbursements of RCAP funds 1,065,236                             2,386,979

Disbursements of funds provided by member states and others                2,511,308              1,747,973

            34,874,788              21,446,108

Net cost of operations            (34,775,267)           (21,446,108)

Change in cumulative results of operations                     99,521                                ‐ 

Total cumulative results of operations                   104,570                                ‐ 

Net position $       239,658,325   $      239,617,177
Delta Regional Authority  Statements of Budgetary Resources

For the Years Ended September 30, 2023 and 2022

The accompanying notes are an integral part of these financial statements.     37

2023 Budgetary 2022 Budgetary

Budgetary resources

Unobligated balance from prior year budget authority, net

(discretionary and mandatory) (Note 11) 166,572,634 $        $         33,427,021

Appropriations (discretionary and mandatory) 30,100,000                      180,100,000

Spending authority from offsetting collections (discretionary and

mandatory) 2,472,232               ‐                               

Total budgetary resources 199,144,866                    213,527,021

Status of budgetary resources

New obligations and upward adjustments (total) (Note 10) 73,298,919                        65,030,224

Unobligated balance, end of year:

  Apportioned, unexpired accounts 125,845,947                    148,496,797

  Unexpired unobligated balance, end of year 125,845,947                    148,496,797

Unobligated balance, end of year (total) 125,845,947                    148,496,797

Total budgetary resources $       199,144,866 $       213,527,021

Outlays, net  

Outlays, net (total) (discretionary and mandatory) 28,378,547 $          $         18,243,126

Agency outlays, net (discretionary and mandatory) $         28,378,547 $         18,243,126
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

38

Note 1 – Summary of Significant Accounting Principles 

A. Reporting Entity 

The Delta Regional Authority (DRA or the Authority) is a federal‐state collaborative serving a 252 county/parish

area in an eight‐state region. Led by a Federal Co‐Chairman and the Governors of each participating state, DRA

is designed to remedy severe and chronic economic distress by stimulating economic development and fostering

partnerships that will have a positive impact on the region’s economy.    DRA helps economically distressed

communitiesto leverage other federal and state programs, which are focused on basic infrastructure development

and transportation improvements, business development and job training services.  DRA is not a federal executive

branch agency (as defined in Title 5 and 31 of the United States Code and by the Department of Justice).

The Authority is a party to allocation transfers with federal agencies as a transferring (parent) entity. Allocation

transfers are legal delegations by one department of its authority to obligate budget authority and outlay funds

to another department. A separate fund account (allocation account) is created in the U.S. Department of Treasury

(U.S. Treasury) as a subset of the parent fund account for tracking and reporting purposes.  All allocation transfers

of balances are credited to this account, and subsequent obligations and outlays incurred by the child entity are

charged to this allocation account as they execute the delegated activity on behalf of the parent entity.  Generally,

all financial activity related to these allocation transfers (e.g., budget authority, obligations, outlays) is reported

in the financial statements of the parent entity from which the underlying legislative authority, appropriations and

budget apportionments are derived. The Authority allocatesfunds, asthe parent, to the United States Department

of Agriculture (USDA) and the U.S. Economic Development Administration (EDA).

The reporting entity is a component of the U.S. Government.  For this reason, some of the assets and liabilities

reported by the entity may be eliminated for Government‐wide reporting because they are offset by assets and

liabilities of another U.S. Government entity.  These financial statements should be read with the realization that

they are for a component of the U.S. Government.

B. Classified Activities 

Accounting standards require all reporting entities to disclose that accounting standards allow certain

presentations and disclosures to be modified, if need, to prevent the disclosure of classified information. DRA did

not have classified activities as of September 30, 2023.

C. Fund Accounting Structure 

DRA’s financial activities are accounted for by utilizing individual funds and fund accounts in reporting to the U.S.

Treasury and the Office of Management and Budget (OMB). For financial statement purposes, these funds are

classified all other funds, which consist of area development program funds and funding for the Office of the

Federal Co‐Chair and the Office of Inspector General.

D. Management of Financial Records 

Federal appropriations are managed for DRA by the General Services Administration (GSA). Using the government‐

wide standard general ledger system (SGL), accounting transactions are initiated at DRA and ultimately entered

into the accounting records by GSA.
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

39

DRA invoices and receives funds from the various member states to be used to pay administrative costs.  This

process meets the requirement of originating legislation which stipulates that “IN GENERAL  ‐  Administrative

expenses of the Authority (except for the expenses of the federal co‐chairperson, including expenses of the

alternate and staff of the federal co‐chairperson, which shall be paid solely by the federal government)

shall be paid (A) by the federal government, in an amount equal to 50% of the administrative expenses; and

(B) by the states in the region participating in the Authority, in an amount equal to 50% of the administrative

expenses.” Funds received from the states are processed and entered into the accounting records by GSA.

E. Basis of Accounting and Presentation 

These financial statements present the financial position, net cost of operations, changes in net position, and

budgetary resources of DRA in accordance with U.S. generally accepted accounting principles (GAAP) and form

and content requirements of OMB Circular A‐136 Financial Reporting Requirements.  GAAP for federal entities

are the standards prescribed by the Federal Accounting Standards Advisory Board (FASAB), which is the official

standard‐setting body for the federal government.  The financial statements have been prepared from the books

and records of DRA and include the accounts of all funds under the control of the DRA reporting entity.

OMB Circular A‐136 requires DRA to prepare financial statements, which include a balance sheet, statement of

net cost, statement of changes in net position and statement of budgetary resources.  The balance sheets

present, as of September 30, 2023 and 2022, amounts of future economic benefits owned or managed by DRA

(assets), amounts owed by DRA (liabilities), and amounts which comprise the difference (net position).   The

statements of net cost report the full cost of the program, both direct and indirect costs of the output, and the

costs of identifiable supporting services provided by other segments within DRA and other reporting entities. The

statements of changes in net position reflect financing sources available to DRA, the cost of its operations and

the net change in its financial position. The statements of budgetary resources report the entity’s budgetary

activity.

U.S. GAAP encompasses both accrual and budgetary transactions.    Under the accrual basis of accounting,

revenues are recognized when earned, and expenses are recognized when a liability is incurred, without regard

to receipt or payment of cash. Budgetary accounting facilitates compliance with legal constraints on, and control

of, the use of federal funds. The accompanying balance sheets, statements of net cost and statements of changes

in net position have been prepared on an accrual basis.  The statements of budgetary resources have been

prepared in accordance with budgetary accounting rules.

F. Use of Estimates 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires

management to make estimates and assumptions that affect the reported amount of assets and liabilities and

disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of

revenues, expenses and other changes in net position during the reporting period. Actual results could differ from

those estimates.

G. Revenues and Other Financing Sources 

DRA is a federal‐state collaborative and receives appropriations. Other financing sources for DRA consist of

imputed financing sources which are costs financed by other federal entities on behalf of DRA, as required by

Statement of Federal Financial Accounting Standard (SFFAS) No. 5, Accounting for Liabilities of the Federal

Government. DRA also has received funds from the 2022 Infrastructure Investment and Jobs Act, a reimbursable
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

40

agreement with the EDA during fiscal years 2018 ‐ 2023, and the Department of Labor (DOL) during fiscal years

2019 – 2023.

H. Advances and Prepayments 

Advances are cash outlays made by the DRA to its employees, contractors, grantees, or others to cover a part or

all of the recipients' anticipated expenses or as advance payments for the costs of goods and services the entity

receives. Prepayments are payments made by the Board to cover certain periodic expenses before those expenses

are incurred. Financing payments (such as progress payments, performance‐based payments, etc.) on work in

process are generally recognized as a cost for work performed and not included in advances and prepayments.

I. Cash and Other Monetary Assets 

Cash and monetary assets consist of (i) coins, paper currency and readily negotiable instruments, such as money

orders, checks, and bank drafts on hand or in transit for deposit and (ii) amounts on demand deposit with banks

or other financial institutions including non‐confirmed collections and disbursements that cannot be processed by

the U.S. Treasury. In fiscal year 2023, balances previously maintained in commercial bank accounts in a custodial

capacity were transferred to the U.S. Treasury as obligated and unobligated no‐year funds available to finance

allowable current and future expenses.

J. Property, Plant and Equipment 

Property and equipment is stated at cost, less accumulated depreciation. DRA capitalizes property and equipment

with an acquisition cost of $5,000 or more and a useful life exceeding two years. Depreciation is charged to expense

using the straight‐line method over the estimated useful life of five years for equipment. Leasehold improvements

are amortized over the estimated period of occupancy or the life of the improvement, whichever is less.

Expenditures for repairs and maintenance are charged to operating expense as incurred.

K. Liabilities 

Liabilities represent probable amounts to be paid by DRA as a result of past transactions. Liabilities covered by

budgetary or otherresources are those forwhich Congress has appropriated funds orfunding is otherwise available

to pay amounts due.

Liabilities not covered by budgetary or other resources represent amounts owed in excess of available

congressionally appropriated funds of other amounts. The liquidation of liabilities not covered by budgetary or

other resources is dependent on future Congressional appropriations or other funding.

L. Accounts Payable 

Accounts payable consists of amounts owed to grantees and amounts owed to federal and nonfederal entities for

goods and services received by DRA.

M. Compensated Absences 

The Authority’s policies permit employees to accumulate annual and sick leave benefits that may be realized as

paid time off.  Expense and the related liability are recognized as annual leave benefits are earned.  Sick leave

benefits expected to be realized as paid time off are recognized as expense when the time off occurs, and no

liability is accrued for such benefits employees have earned but not yet realized.  The maximum accrual of annual
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

41

leave is 320 hours, and there is no maximum accumulation of sick leave.  Compensated absence liabilities for

annual leave are computed using the regular pay and termination pay rates in effect at the balance sheet date,

plus an additional amount for compensation‐related payments such as Social Security, Medicare taxes and

retirement computed using rates in effect at that date.

N. Net Position 

Net position isthe residual difference between assets and liabilities and is comprised of unexpended appropriations

and cumulative results of operations. Unexpended appropriations represent the amount of unobligated and

unexpended budget authority. Unobligated balances are the amount of appropriations or other authority remaining

after deducting the cumulative obligations from the amount available for obligation. The cumulative results of

operations are the net results of the Authority’s operations since inception.

O. Net Cost of Operations 

Earned revenues arise from the collection of state contributions and other inter‐agency agreements are deducted

from the full cost of the Authority’s major programs to arrive at net program cost.  Earned revenues are recognized

by the Authority to the extent reimbursements are payable from the public, as a result of costs incurred for services

performed on the public’s behalf.

P. Tax Exempt Status 

As an instrumentality of the federal government, the Authority is exempt from income taxes imposed by any

governing body whether it is a federal, state, commonwealth, local, or foreign government and exempt from sales

and use taxes of the District of Columbia.

Q. Classified Activities 

Accounting standardsrequire allreporting entitiesto disclose that accounting standards allow certain presentations

and disclosures to be modified, if needed, to prevent the disclosure of classified information.

Note 2 – Fund Balance with Treasury 

DRA’s fund balance with Treasury comes from appropriations and the reimbursable agreement with the DOT, DOL

and EDA. A summary of DRA’s fund balance with Treasury follows as of September 30:

2023 2022

A.  Fund balance with Treasury 

General Fund 247,160,035 $       $      239,530,202

B.  Status of fund balance with Treasury

1)  Unobligated balance

a)  Available 125,845,947 $       $      148,496,797

2)  Obligated balance not yet disbursed 121,314,088                    91,033,405

Total 247,160,035 $       $      239,530,202
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

42

Note 3 – Accounts Receivable, Net 

Intragovernmental accountsreceivable represents an amount due from USDA under a grant agreement. Other than

intragovernmental accounts receivable represents amounts due from DOL.  No allowance for doubtful accounts

has been established. The balances as of September 30, 2023 and 2022, are as follows:

Note 4 – Property, Plant and Equipment, Net 

Property, plant and equipment balance consisted of a vehicle and computer equipment with a total cost of $75,744,

accumulated depreciation of $9,571 and a net book value of $66,173 at September 30, 2023. Vehicles and

computer equipment are depreciated over a five‐year estimated useful life. Depreciation expense for the fiscal year

ended September 30, 2023, was $7,621. An adjustment was made for the year ended September 30, 2023, to

report an asset purchased with funds held outside the U.S. Treasury during fiscal year ended September 30, 2022.

Property, plant and equipment balance consisted of a vehicle and computer equipment with a total cost of $59,894,

accumulated depreciation of $15,918 and a net book value of $43,976 at September 30, 2022. Vehicles and

computer equipment are depreciated over a five‐year estimated useful life. Depreciation expense for the fiscal year

ended September 30, 2022, was $10,829.

Note 5 – Funds Received as Assessments from Member States 

Funds received as assessments from the various member states are maintained in the U.S. Treasury General Fund

and are included in fund balance with Treasury in the accompanying balance sheets.  The states are required, by

originating legislation, to pay 50% of the administrative costs of DRA.  Amounts billed to the states are calculated

at the beginning of each fiscal year and are based on the states’ 50% assessment of DRA administrative costs.  For

the years ending September 30, 2023 and 2022, state assessments billed and received totaled $1,512,722 and

$1,175,741, respectively.

Note 6 – Liabilities Not Covered by Budgetary Resources

Liabilities covered by budgetary resources are liabilities for which congressional action (DRA appropriation bill) is

needed before budgetary resources can be provided.  Liabilities of DRA are classified as liabilities covered or not

covered by budgetary resources(DRA state assessments, transfers/grantsfrom other agencies). They are asfollows

as of September 30:

2023 2022

Intragovernmental accounts receivable 1,475,301 $     $     310,487

Other than intragovernmental accounts receivable                        ‐ ‐                      

Total accounts receivable, net 1,475,301 $     $     310,487

2023 2022

Liabilities

Total liabilities not covered by budgetary resources 284,089 $           $        876,850

Total liabilities covered by budgetary resources 9,126,259                  4,348,759

Total liabilities    $       9,410,348 $     5,225,609
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

43

Note 7 – Other Liabilities 

As of September 30, 2023 and 2022, other liabilities with the public consisted of accrued funded payroll and leave

and other liabilitieswithout related budgetary obligations. Intragovernmental other liabilities consisted of employer

contributions and payroll taxes payable.

Note 8 – Operating Leases

DRA leases its primary operating facilities, including substantially all furniture and fixtures used, under a three‐year

operating lease arrangement with Coahoma County, Mississippi. DRA also leases space for the Washington D.C.

office from State Services Organization, Inc. under a six‐year operating lease arrangement.

The lease with Coahoma County, Mississippi may be terminated by DRA should DRA fail to receive funding from the

United States, the existence of DRA be terminated, or should the governing body of DRA choose to move DRA’s

office outside Coahoma County, Mississippi. The lease with the State Services Organization, Inc. may also be

terminated for the above reasons. However, DRA will be liable for four months of base rent upon early termination

Noncurrent Current Total

Intragovernmental

Employer contributions and payroll taxes payable $                  ‐ $        1,083 $        1,083

Total intragovernmental  ‐                                1,083           1,083

Liabilities with the Public

Accrued funded payroll and leave ‐ Federal                     ‐           3,228           3,228

Accrued funded payroll and leave ‐ Non‐federal                     ‐       186,798      186,798

Other liabilities not covered by budgetary resources                     ‐         97,291         97,291

Total liabilities with the public                     ‐       287,317      287,317

Total other liabilities $                  ‐ $    288,400 $   288,400

Noncurrent Current Total

Intragovernmental

Employer contributions and payroll taxes payable $                  ‐ $        2,021 $        2,021

Total intragovernmental  ‐                                2,021           2,021

Liabilities with the Public

Accrued funded payroll and leave ‐ Federal                     ‐           6,689           6,689

Accrued funded payroll and leave ‐ Non‐federal                     ‐       168,624      168,624

Other liabilities not covered by budgetary resources                     ‐         97,291         97,291

Total liabilities with the public                     ‐       272,604      272,604

Total other liabilities $                  ‐ $    274,625 $   274,625

Year Ended September 30, 2023

Year Ended September 30, 2022
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

44

of the State Services Organization, Inc. lease agreement. The DRA lease agreement requires termination through

180 days’ written notice if funds are insufficient for the DRA to continue operations where office space is being

used. Rental expenses were $162,894 and $159,470 for the years ended September 30, 2023 and 2022,

respectively. Future minimum lease payments required under these lease agreements are as follows:

Note 9 – Inter‐Entity Costs 

DRA recognizes certain inter‐entity costs for goods and services that are received from other federal entities at no

cost or at a cost less than the full cost. Certain costs of the providing entity that are not fully reimbursed are

recognized as imputed cost and are offset by imputed revenue. Such imputed costs relate to employee benefits.

DRA recognizes as inter‐entity costs the amount of accrued pension and post‐retirement benefit expenses for

current employees. The assets and liabilities associated with such benefits are the responsibility of the

administering agency, Office of Personnel Management. For the years ended September 30, 2023 and 2022, inter‐

entity costs were $16,294 and $11,032, respectively.

Note 10 – Apportionment Categories of New Obligations and Upward Adjustments: Direct vs. 

Reimbursable Obligations 

The DRA is subject to apportionment.  The DRA also has reimbursable arrangements. All obligations are incurred

against Category B amounts and are apportioned on the latest Standard Form (SF) 132, Apportionment and

Reapportionment Schedule. A summary of these obligations are as follows as of September 30:

Year Ending

September 30,

2024 95,212 $         

2025 97,597            

2026 100,036          

2027 102,537          

2028 105,099          

Thereafter 153,067          

Total future lease payments 653,548 $       

2023 2022

Direct

Category B

New obligations 70,707,396 $       $      63,277,683

Upward adjustments 226,049                         1,385,078

  Total direct 70,933,445                  64,662,761

Reimbursable

Category B

New obligations 2,365,473                         367,463

Upward adjustments                            ‐ ‐                           

  Total direct 2,365,473                         367,463

Total new obligations and upward adjustments 73,298,918 $       $      65,030,224
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

45

Note 11 – Net Adjustments to Unobligated Balance, Brought Forward, October 1 

During the year ended September 30, 2023, certain adjustments were made to the balance of unobligated

budgetary resources available as of October 1, 2022. These adjustments include, among other things, upward

adjustments to undelivered and delivered orders that were obligated in a prior fiscal year. There were no

adjustments to Unobligated Balance Brought Forward, October 1, as of September 30, 2023 and 2022.

These adjustments during the years ended September 30, 2023 and 2022, are presented below.

Note 12 – Undelivered Orders at the End of the Period

Undelivered orders represent the value of goods and services ordered and obligated that have not been received.

This amount includes any orders for which advance payment has been made but for which delivery or performance

has not yet occurred. The amount of the DRA’s budgetary resources obligated for unpaid undelivered orders was

$117,822,155 and $89,364,021 as of September 30, 2023 and 2022, respectively.

Note 13 – Explanation of the Relationship Between Liabilities Not Covered by Budgetary Resources on 

the Balance Sheets and the Change in Components Requiring or Generating Resources in the Future 

Periods

Liabilities not covered by budgetary resources totaled $284,089 and $876,850 at September 30, 2023 and 2022,

respectively. The changes are the net increase/decrease of future funded expenses for annual leave and represent

the difference between appropriations of annual funds for the prior and current annual funds.  Accrued funded

payroll liability is covered by budgetary resources and is included in the net cost of operations. The unfunded leave

liability includes the expense related to the increase in annual leave liability for which the budgetary resources will

be provided in a subsequent period. There were no increases/decreases in components requiring resources in

future periods as of September 30, 2023 and 2022.

2023 2022

Unobligated balance brought forward, October 1 $         148,496,797   $     33,427,021

Adjustments made during the current year:

Transfer in of prior year balances                 5,660,286                             ‐ 

Recoveries of prior year obligations               12,415,551                             ‐ 

Unobligated balance from prior year budget authority, net $         166,572,634   $     33,427,021

 Unpaid   Paid   Total 

Intragovernmental

2023 65,437 $                $               17,286 $               82,723

2022 5,154 $                   $                  8,464 $               13,618

With the Public

2023 117,739,432 $      ‐ $                           $     117,739,432

2022 89,350,403 $         ‐ $                           $        89,350,403

Undelivered Orders
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

46

Note 14 – Costs and Exchange Revenue

Intragovernmental costs are those good/services purchased from a federal entity and included the following as of

September 30:

Note 15 – Pension Plans

A. Plan Description 

The Authority contributes to a defined contribution 401(k) plan covering all non‐federal employees. Retirement

expense is recorded for the amount of the Authority’s required contributions, determined in accordance with the

terms of the plan.  The plan is administered by Advanced Data Processing, Inc. The plan provides retirement and

death benefits to plan members and their beneficiaries. Benefit provisions are contained in the Plan Document and

were established and can be amended by action of the Authority’s governing body.

Additionally, the Authority’s federal employees participate in the Federal Employees’ Retirement System (FERS), a

cost‐sharing, multiple‐employer defined benefit pension plan. FERS provides retirement and disability benefits,

annual cost‐of‐living adjustments and death benefits to the plan members and beneficiaries.

B. Funding Policy 

Contributions made by the Authority to the 401(k) defined contribution plan amounted to approximately $279,000

and $175,000 for the years ended September 30, 2023 and 2022, respectively.

FERS covered employees, depending upon his or her hire date, are required to contribute between 0.80% and

4.40% of their annual covered salary. The Authority was required to contribute 11.90% of the annual covered

payroll. The Authority’s contributions to FERS for the years ended September 30, 2023 and 2022, were

approximately $33,000 and $39,000, respectively, which equaled the required contributions for each year.

Note 16 – Risk Management

The Authority is exposed to variousrisks of lossrelated to torts; theft, damage to and destruction of assets; business

interruption; errors and omissions; employee injuries and illnesses; natural disasters and employee health and

accident benefits.  Commercial insurance coverage is purchased for claims arising from such matters other than

those related to errors and omissions and natural disasters.  Settled claims have not exceeded this commercial

coverage in any of the three preceding years.   

2023 2022

Program Costs

Intragovernmental costs 156,359 $             $            216,327

Public costs 36,342,297                    21,597,243

Total program costs 36,498,656                    21,813,570

Less: intragovernmental earned revenue 1,723,389                           367,462

Total net program costs 34,775,267 $        $       21,446,108
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

47

Note 17 – Explanation of Differences between the Statement of Budgetary Resources and the Budget of 

the United States Government 

SFFAS No. 7, Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and

Financial Accounting, requires an explanation of material differences between budgetary resources available, the

status of those resources and outlays as presented in the Statement of Budgetary Resources to the related actual

balances published in the Budget of the United States Government (Budget). Budgetary resources made available

to DRA include current appropriations, unobligated appropriations and recoveries of prior year obligations.  The

Budget that will include the fiscal year 2023 actual budgetary execution information is scheduled for publication in

February 2024, which will be available through OMB’s website (http://www.whitehouse.gov/omb). Accordingly,

information required for such disclosure is not available at the time of publication of these financial statements.

Balances reported in the fiscal year 2022 Statement of Budgetary Resources and the related President’s Budget

reflected the following:

The difference between the Statement of Budgetary Resources and the Budget of the United States Government

for budgetary resources, obligations incurred and net outlays are primarily due to rounding. Note accrued funded

payroll liability is covered by budgetary resources and is included in the net cost of operations, whereas unfunded

annual leave liability includes the expense related to the increase in annual leave liability for which the budgetary

resources will be provided in a subsequent period.

Note 18 – Reconciliation of Net Cost of Operations (Proprietary) to Net Budgetary Outlays 

Budgetary resources obligated are obligations for personnel, goods, services, benefits, etc., made by the Authority

in order to conduct operations or acquire assets.  Other (i.e., non‐budgetary) financing resources are also utilized

by the Authority in its program (proprietary) operations. For example,spending authority from offsetting collections

and recoveries are financial resources from the recoveries of prior year obligations (e.g., the completion of a

contract in which not all the funds were used) and refunds or other collections (i.e., funds used to conduct

operations that were previously budgeted).  An imputed financing source is recognized for future federal employee

benefits costs incurred for the Authority employees that will be funded by the Office of Personnel Management

(OPM).  Changes in budgetary resources obligated for goods, services and benefits ordered but not yet provided

represent the difference between the beginning and ending balances of undelivered orders(i.e., goods and services

received during the year based on obligations incurred the prior year represent a cost of operations not funded

from budgetary resources).    Resources that finance the acquisition of assets are budgetary resources used to

finance assets and net cost of operations (e.g., increases in accounts receivable or capitalized assets). Financing

sources yet to be provided represent financing that will be provided in future periods for future costs that are

FY2022

 Budgetary 

Resources 

 New 

Obligations 

and Upward 

Adjustments  

 Distributed 

Offsetting 

Receipts   Net Outlays 

Statement of Budgetary

Resources 214 $                    $                      ‐ 65 $                         $                     18

Budget of the U.S.

Government                      213                         ‐ 65                                                   19

Difference 1 $                        ‐ $                         ‐ $                         $                      (1)
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

48

recognized in determining the net cost of operations for the present period.  Finally, components not requiring or

generating resources are costs included in the net cost of operations that do not require resources (e.g.,

depreciation and amortized expenses of assets previously capitalized).

DRA has reconciled its budgetary obligations and non‐budgetary resources available to its net cost of operations.

Other Than

Intragovernmental Intragovernmental Total

Net operating costs (SNC) $              (1,327,757) $             32,526,480 $           31,198,723

Components of net operating costs not part of the 

budgetary outlays

Property, plant, and equipment depreciation                                   ‐                         (7,621)                       (7,621)

Increase/(decrease) in assets not affecting budget outlays:

Accounts receivable, net 1,475,301                    ‐                                                    1,475,301

Other assets 8,822                           ‐                                                            8,822

(Increase)/decrease in liabilities not affecting budget outlays:

Accounts payable 332                                               (3,520,109)                (3,519,777)

Advances from others                                   ‐                    (835,184)                   (835,184)

Other liabilities 263                                                        3,462                         3,725

Federal employee and veteran benefits payable                                   ‐                             157                            157

Other financing sources:

Imputed costs (16,294)                        ‐                                                        (16,294)

Total components of net costs not part of the budget outlays 1,468,424                                    (4,359,295)                (2,890,871)

Miscellaneous items

Acquisition of capital assets                                   ‐                        75,744                      75,744

Other temporary timing differences                                   ‐                         (5,049)                       (5,049)

Total miscellaneous items                                   ‐                        70,695                      70,695

Net outlays (calculated total) $                   140,667 $             28,237,880 $           28,378,547

Related amounts on the Statement of Budgetary 

Resources

Outlays, net $           28,378,547

Agency outlays, net $           28,378,547

FY2023
Delta Regional Authority  Notes to Financial Statements

September 30, 2023 and 2022

49

Note 19 – Subsequent Events

DRA has evaluated subsequent events occurring after the balance sheet date and through the date of November

15, 2023, the date the financial statements were available for release. Based upon this evaluation, DRA has

determined that no subsequent events have occurred which require disclosure in the financial statements.

Other Than

Intragovernmental Intragovernmental Total

Net operating costs (SNC) $                 (623,313) $             17,934,469 $           17,311,156

Components of net operating costs

Increase/(decrease) in assets not affecting budget outlays:

Other assets 8,464                           ‐                                                            8,464

(Increase)/decrease in liabilities not affecting budget outlays:

Accounts payable 564,896                                              10,569                    575,465

Advances from others 367,463                       ‐                                                       367,463

Other liabilities (2,021)                                                  (6,689)                       (8,710)

Federal employee and veteran benefits payable                                   ‐                            (319)                           (319)

Other financing sources:

Imputed costs (10,393)                        ‐                                                        (10,393)

Total components of net costs not part of the budget outlays 928,409                                                3,561                    931,970

Net outlays (calculated total) $                   305,096 $             17,938,030 $           18,243,126

Related amounts on the Statement of Budgetary 

Resources

Outlays, net $           18,243,126

Agency outlays, net $           18,243,126

FY2022
Delta Regional Authority  Combining Balance Sheet

September 30, 2023

50

Federal 

State and 

Other RCAP Total 

Assets

Intragovernmental assets:

Fund balance with Treasury (Note 2) 247,160,035 $        ‐ $                          ‐ $                  $     247,160,035

Accounts receivable, net (Note 3) 1,475,301                             ‐ ‐                                 1,475,301

Advances and prepayments 17,286                             ‐ ‐                                      17,286

Total intragovernmental assets 248,652,622           ‐                             ‐                            248,652,622

Other than intragovernmental assets:

Cash and other monetary assets                               ‐ 252,587                    ‐                252,587

Other assets                                ‐ ‐                             97,291 97,291                  

Property, plant and equipment, net (Note 4) 66,173                             ‐ ‐                                      66,173

Total other than intragovernmental assets 66,173                                   252,587         97,291                416,051

Total assets 248,718,795                         252,587         97,291        249,068,673

Liabilities 

Intragovernmental liabilities: (Note 6)

Accounts payable 26,522                             ‐ ‐                                      26,522

Advances from others and deferred revenue 3,431,294                             ‐ ‐                                 3,431,294

Other liabilities (Note 7) 1,083                             ‐ ‐                                         1,083

Total intragovernmental liabilities 3,458,899               ‐                             ‐                                 3,458,899

Other than intragovernmental liabilities: (Note 6)

Accounts payable 4,828,787               ‐                             ‐                                 4,828,787

Federal employees and veterans benefit payable 161                             ‐ ‐                                            161

Advances from others and deferred revenue 835,184                   ‐                             ‐                                    835,184

Other liabilities (Note 7) 3,228 186,798 97,291 287,317                

Total other than intragovernmental liabilities 5,667,360                             186,798         97,291             5,951,449

Total liabilities 9,126,259                             186,798         97,291             9,410,348

Net position 

Unexpended appropriations ‐ all other funds

(consolidated totals) 239,487,966 65,789                  ‐                            239,553,755

Cumulative results of operations ‐ all other funds

(consolidated totals) 104,570                   ‐                             ‐                                    104,570

Total net position 239,592,536                            ‐ 65,789                            239,658,325

Total liabilities and net position 248,718,795 $        $            252,587 $      97,291 $     249,068,673
Delta Regional Authority  Combining Balance Sheet

September 30, 2022

51

Federal 

State and 

Other RCAP Total 

Assets

Intragovernmental assets:

Fund balance with Treasury 239,530,202 $        ‐ $                          ‐ $                  $     239,530,202

Accounts receivable, net                                ‐ ‐                                   310,487                310,487

Advances and prepayments 8,464                             ‐ ‐                                         8,464

Total intragovernmental assets 239,538,666           ‐                                   310,487        239,849,153

Other than intragovernmental assets:

Cash and other monetary assets                               ‐ 4,637,213 206,331 4,843,544             

Other assets                               ‐ 8,822 97,291 106,113                

Property, plant and equipment, net                               ‐ 43,976                    ‐                  43,976

Total other than intragovernmental assets                               ‐            4,690,011       303,622             4,993,633

Total assets 239,538,666                      4,690,011       614,109        244,842,786

Liabilities

Intragovernmental liabilities:

Advances from others and deferred revenue 3,431,294                             ‐ ‐                                 3,431,294

Other liabilities 2,021                             ‐ ‐                                         2,021

Total intragovernmental liabilities 3,433,315               ‐                             ‐                                 3,433,315

Other than intragovernmental liabilities:

Interfund transfers 180,277                                 ‐ (180,277)                     ‐                             

Accounts payable 908,436 57,514                    ‐                965,950

Federal employees and veterans benefit payable 319                             ‐ ‐                                            319

Advances from others and deferred revenue                                ‐ ‐                             553,421 553,421                

Other liabilities 6,689 168,624 97,291 272,604                

Total other than intragovernmental liabilities 1,095,721                               45,861       650,712             1,792,294

Total liabilities 4,529,036                               45,861       650,712             5,225,609

Net position 

Unexpended appropriations ‐ all other funds

(consolidated totals) 235,009,630 4,644,150 (36,603)                239,617,177

Total net position 235,009,630                      4,644,150        (36,603)        239,617,177

Total liabilities and net position 239,538,666 $        $        4,690,011 $    614,109 $     244,842,786
Delta Regional Authority  Combining Statement of Net Cost

September 30, 2023

52

Federal 

State and 

Other RCAP Total 

Program Costs

Gross cost 32,922,112 $      $     2,511,308 $      1,065,236 $      36,498,656

Less: earned revenue (1,723,389)          ‐                         ‐                                   (1,723,389)

Total net program costs 31,198,723                2,511,308         1,065,236         34,775,267

Net cost of operations 31,198,723 $      $     2,511,308 $      1,065,236 $      34,775,267
Delta Regional Authority  Combining Statement of Net Cost

September 30, 2022

53

Federal 

State and 

Other RCAP Total 

Program Costs

Gross cost 17,678,618 $      $     1,747,973 $      2,386,979 $      21,813,570

Less: earned revenue (367,462)             ‐                         ‐                                      (367,462)

Total net program costs 17,311,156                1,747,973         2,386,979         21,446,108

Net cost of operations 17,311,156 $      $     1,747,973 $      2,386,979 $      21,446,108
Delta Regional Authority  Combining Statement of Changes in Net Position

Year Ended September 30, 2023

54

Consolidated

Federal State and Other RCAP Total

Unexpended appropriations:

Beginning balance 235,009,630 $       $              4,644,150 $        (36,603) $      239,617,177

Appropriations received 30,100,000                                  ‐ ‐                                    30,100,000

Appropriations transferred‐in/out (+/‐) 5,660,286                                  ‐ ‐                                      5,660,286

Other adjustments                              ‐                (3,845,852)         (172,730)             (4,018,582)

Appropriations used (31,281,950)            ‐                                  ‐                                   (31,281,950)

Other:

Cost of operations absorbed by states and others                              ‐ 1,778,799                        ‐              1,778,799

Cost of operations absorbed by RCAP                               ‐ ‐                                  1,274,569 1,274,569              

Disbursements of state assessements and other funds                              ‐                 ‐ (2,511,308)                                     (2,511,308)

Disbursement of RCAP funds                               ‐ ‐                                       (1,065,236)             (1,065,236)

                       ‐

Change in unexpended appropriations 4,478,336                              (4,578,361)             36,603                  (63,422)

Total unexpended appropriations          239,487,966                        ‐ 65,789                                  239,553,755

Cumulative results of operations

Beginning balance                               ‐ ‐                                  ‐                         ‐                              

Corrections of errors (+/‐) 5,049                                  ‐ ‐                                              5,049

Beginning balances, as adjusted 5,049                       ‐                                  ‐                                              5,049

Appropriations used 31,281,950                                  ‐ ‐                                    31,281,950

Imputed financing 16,294                                  ‐ ‐                                            16,294

Other:

Disbursement of RCAP funds                               ‐ ‐                                  1,065,236 1,065,236              

Disbursements of funds provided by member states and

others                              ‐ 2,511,308                        ‐              2,511,308

           31,298,244                 2,511,308       1,065,236            34,874,788

Net cost of operations           (31,198,723)                (2,511,308)      (1,065,236)           (34,775,267)

Change in cumulative results of operations 99,521                     ‐                                  ‐                                            99,521

Total cumulative results of operations                  ‐ 104,570                                  ‐                                         104,570

Net position $      239,592,536 $                    ‐ 65,789 $                     $      239,658,325

All Other Funds (Consolidated Totals)
Delta Regional Authority  Combining Statement of Changes in Net Position

Year Ended September 30, 2022

55

Consolidated

Federal State and Other RCAP Total

Unexpended appropriations

Beginning balance 72,209,754 $          $              4,647,619 $        (30,700) $         76,826,673

Appropriations received 180,100,000                                  ‐ ‐                                  180,100,000

Appropriations used (17,300,124)            ‐                                  ‐                                   (17,300,124)

Other:

Cost of operations absorbed by member states and others                              ‐ 1,744,504                        ‐              1,744,504

Cost of operations absorbed by RCAP                               ‐ ‐                                  2,381,076 2,381,076              

Disbursements of state assessements and other funds                              ‐                 ‐ (1,747,973)                                     (1,747,973)

Disbursement of RCAP funds                               ‐ ‐                                       (2,386,979)             (2,386,979)

Change in unexpended appropriations 162,799,876                                  (3,469)              (5,903)          162,790,504

Total unexpended appropriations          235,009,630                 4,644,150            (36,603)          239,617,177

Cumulative results of operations

Beginning balance                               ‐ ‐                                  ‐                         ‐                              

Appropriations used 17,300,124             ‐                                  ‐                                    17,300,124

Other:

Imputed financing from costs absorbed by others 11,032                                  ‐ ‐                                            11,032

Disbursements of RCAP funds                               ‐ ‐                                        2,386,979              2,386,979

Disbursements of funds provided by member states and

others                              ‐                  ‐ 1,747,973                                      1,747,973

           17,311,156                 1,747,973       2,386,979            21,446,108

Net cost of operations           (17,311,156)                (1,747,973)      (2,386,979)           (21,446,108)

Change in cumulative results of operations                               ‐ ‐                                  ‐                         ‐                              

Total cumulative results of operations                               ‐ ‐                                  ‐                         ‐                              

Net position $      235,009,630 $              4,644,150 $        (36,603) $      239,617,177

All Other Funds (Consolidated Totals)
Delta Regional Authority  Combining Reconciliation of Net Cost of Operations (Proprietary to Budget)

Year Ended September 30, 2023

56

Federal 

State and 

Other RCAP Total 

Resources used to finance activities

Budgetary resources obligated

Obligations incurred $      96,481,492   $                    ‐   $                     ‐  $       96,481,492

Less: spending authority from offsetting collections and

recoveries 2,472,232             ‐                  ‐                                     2,472,232

Obligations net of offsetting collections and recoveries 94,009,260                                   ‐  ‐                                   94,009,260

Net obligations 94,009,260                                   ‐  ‐                                   94,009,260

Other resources

Imputed financing from costs absorbed by others 16,294                                           ‐  ‐                                           16,294

Disbursements of funds provided by member states and

others                                      ‐ 2,511,308  ‐                                     2,511,308

Disbursement of RCAP funds                                                      ‐  ‐         1,065,236            1,065,236

Net other resources used to finance activities 16,294                          2,511,308         1,065,236            3,592,838

Total resources used to finance activities 94,025,554                  2,511,308         1,065,236          97,602,098

Resources used to finance items not part of the 

net cost of operations

Change in budgetary resources obligated for goods,

services and benefits ordered but not yet provided 62,826,831                                   ‐  ‐                                   62,826,831

Total resources used to finance items not part of the net

cost of operations 62,826,831           ‐                         ‐                                   62,826,831

Total resources used to finance net cost of operations $       31,198,723 $    2,511,308 $      1,065,236 $       34,775,267
Delta Regional Authority  Combining Reconciliation of Net Cost of Operations (Proprietary to Budget)

Year Ended September 30, 2022

57

Federal 

State and 

Other RCAP Total 

Resources used to finance activities

Budgetary resources obligated

Obligations incurred 65,030,224 $         $                    ‐  ‐ $                       $       65,030,224

Less: spending authority from offsetting collections and

recoveries                                                      ‐  ‐ ‐                          ‐                            

Obligations net of offsetting collections and recoveries 65,030,224                                   ‐  ‐                                   65,030,224

Net obligations 65,030,224                                   ‐  ‐                                   65,030,224

Other resources

Imputed financing from costs absorbed by others 11,032                                           ‐  ‐                                           11,032

Disbursements of funds provided by member states and

others                                      ‐ 1,747,973  ‐                                     1,747,973

Disbursements of RCAP funds                                                      ‐  ‐         2,386,979            2,386,979

Net other resources used to finance activities 11,032                          1,747,973         2,386,979            4,145,984

Total resources used to finance activities 65,041,256                  1,747,973         2,386,979          69,176,208

Resources used to finance items not part of the 

net cost of operations

Change in budgetary resources obligated for goods,

services and benefits ordered but not yet provided 47,730,100                                   ‐  ‐                                   47,730,100

Total resources used to finance items not part of the net

cost of operations 47,730,100           ‐                         ‐                                   47,730,100

Total resources used to finance net cost of operations $       17,311,156 $    1,747,973 $      2,386,979 $       21,446,108
Delta Regional Authority  Schedule of Expenditures

Year Ended September 30, 2023

58

Federal  State and Other  RCAP Total

Grants, subsidies and contributions 28,907,512 $        ‐ $                               $      1,065,236 $      29,972,748

Consulting and other services 905,031                587,903                         ‐ 1,492,934

Employee benefits 284,405                339,489                         ‐ 623,894

Personnel services 451,892                1,185,325                         ‐ 1,637,217

Travel and transportation of persons 396,903                110,008                         ‐ 506,911

Rent, communications and utilities 121,359                209,474                         ‐ 330,833

Supplies and materials 70,444                   50,476                         ‐ 120,920

Printing and reproduction 4,605                     8,961                         ‐ 13,566

Office expense 56,572                   19,672                         ‐ 76,244

Total expenditures 31,198,723 $        $             2,511,308 $      1,065,236 $      34,775,267

Paid From
Delta Regional Authority 

Schedule of Grants Made

States’ Economic Development Assistance Program (SEDAP)

Years Ended September 30, 2023, 2022 and 2021

DRA 

Obligated Total Funds

Funding 

%

DRA 

Obligated Total Funds

Funding 

%

DRA 

Obligated Tot

Basic public infrastructure 5,039,838 $ $ 16,618,775 28.1% 6,899,373 $ $ 416,464,638 44.0% $                   

‐ $ 

Transportation infrastructure 2,740,633 5,342,323 15.3% 2,106,967 4,963,930 13.4% 2,406,710 2

Business development 4,252,496 84,612,071 23.7% 3,028,629 34,970,431 19.3%                      

‐ 

Work development 4,888,492 27,471,491 27.3% 2,243,063 5,869,398 14.3%                      

‐ 

Other 995,186 1,644,448 5.6% 1,407,549 5,104,240 9.0%                      

‐ 

$17,916,645 $ 135,689,108 100.0% 15,685,581 $ $ 467,372,637 100.0% 2,406,710 $ $ 2

DRA 

Obligated

State 

Allocation State %

DRA 

Obligated

State 

Allocation State %

DRA 

Obligated

Al

State allocations

Alabama 1,687,287 $ $ 1,687,287 10.0% 1,641,142 $ $ 1,917,635 10.1% $                   

‐ $ 

Arkansas 2,353,614 2,353,614 14.0% 2,225,382 2,674,233 14.1%                      

‐ 

Illinois 1,259,854 1,302,424 7.7% 1,129,234 1,465,061 7.7%                      

‐ 

Kentucky 1,504,578 1,488,776 8.9% 1,452,132 1,702,140 9.0%                      

‐ 

Louisiana 3,338,367 3,338,367 19.9% 3,217,852 4,093,054 21.6%                      

‐ 

Mississippi 2,220,074 2,553,441 15.2% 1,817,557 2,856,357 15.1%                      

‐ 

Missouri 2,553,441 1,906,686 11.3% 2,461,413 2,176,676 11.5% 2,406,710       

Tennessee 2,999,430 2,183,561 13.0% 1,740,869 2,045,443 10.8%                      

‐ 

$17,916,645 $ 16,814,156 100.0% 15,685,581 $ $ 18,930,599 100.0% 2,406,710 $    

$ 

Obligations may be more than allocated due to deobligation and reobligation of prior years' unused funds.

2023 2022 20

*The Delta Regional Authority (DRA) consists of a federal member and the Governors of the eight‐states in the region. No approval for new grants 

federal member. In FY 2021, DRA was without a federal member for the majority of fiscal year 2021. Fiscal year 2021 grant fundings have been or wprojects as a presidential appointee was nominated and confirmed by the U.S. Senate in fiscal year 2022.

2023 2022 20
Delta Regional Authority 

Schedule of Grants Made

Community Infrastructure Fund (CIF)Years Ended September 30, 2023, 2022 and 2021

DRA Obligated Total Funds

Funding 

% DRA Obligated Total Funds

Funding 

%

DRA 

Obligated 

Basic public infrastructure 3,539,000 $ $ 11,679,000 100.0% 9,457,781 $ $ 135,741,317 78.3% $                        

‐ $ 

Transportation infrastructure  ‐                             ‐ 0.0% 2,626,939 451,716,090 21.7%                           

‐ 

Business development                             ‐ ‐ 0.0%                             ‐ ‐ 0.0%                           

‐ 

Work development                             ‐ ‐ 0.0%                             ‐ ‐ 0.0%                           

‐ 

Other                             ‐ ‐ 0.0%                             ‐ ‐ 0.0%                           

‐ 

$ 3,539,000 $ 11,679,000 100.0% 12,084,720 $ $ 587,457,407 100.0% $                        

‐ $ 

DRA Obligated

State 

Allocation State % DRA Obligated

State 

Allocation State %

DRA 

Obligated

State allocations

Alabama $                          ‐ ‐ $ 0.0% 1,807,831 $ $ 1,807,831 15.0% $                        

‐ $ 

Arkansas                             ‐ ‐ 0.0% 1,014,000 1,014,000 8.4%                           

‐ 

Illinois                             ‐ ‐ 0.0% 664,500 664,500 5.5%                           

‐ 

Kentucky                             ‐ ‐ 0.0% 2,294,740 2,294,740 19.0%                           

‐ 

Louisiana                             ‐ ‐ 0.0% 3,588,715 3,588,715 29.7%                           

‐ 

Mississippi                             ‐ ‐ 0.0% 2,235,481 2,235,481 18.5%                           

‐ 

Missouri                             ‐ ‐ 0.0% 479,453 479,453 4.0%                           

‐ 

Tennessee 3,539,000 3,539,000 100.0%                             ‐ ‐ 0.0%                           

‐ 

$ ‐ $ 3,539,000 100.0% 12,084,720 $ $ 12,084,720 100.0% $                        

‐ $ 

2023 2022 

*The Delta Regional Authority (DRA) consists of a federal member and the Governors of the eight‐states in the region. No approval for new grants can be made w2021, DRA was without a federal member for the majority of fiscal year 2021. Fiscal year 2021 grant fundings have been or will be obligated to new projects as nominated and confirmed by the U.S. Senate in fiscal year 2022.

2023 2022