The Government Finance Officers Association of the United States and Canada (GFOA) has awarded Delaware its Certificate of Achievement for Excellence in Financial Reporting for the State’s fiscal year 2019 comprehensive annual financial report (CAFR). This is the 25th consecutive year the State has received this award, which is the highest form of recognition in the area of governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management.

“To have earned this award for 25 consecutive years is both a remarkable accomplishment and a testament to the professionalism of financial personnel throughout State agencies,” said Governor John Carney. “I am proud that our Administration has continued to build upon and strengthen Delaware’s commitment to meeting the highest standards for fiscal disclosure and transparency.”

“The Department of Finance is committed to providing Delaware’s citizens, taxpayers and investors concise and accurate information about our state’s financial health,” said Secretary of Finance Rick Geisenberger. “Being recognized for a clear and thorough presentation of the state’s financial condition is the culmination of hard work throughout the year by hundreds of state financial staff and officers responsible for handling taxpayer funds with diligence and integrity.”

“The Division of Accounting’s Financial Accounting and Reporting Section (FARS), along with fiscal employees throughout State agencies and school districts have proven their dedication to releasing timely and accurate reporting, as well as their commitment to continuous accountability and transparency in our state government,” said Division of Accounting Director Jane Cole.

The FY2019 CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR. The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, IL, and Washington, D.C. Visit http://www.gfoa.org/ for more information.

The CAFR is available to the public at https://accountingfiles.delaware.gov/docs/2019cafr.pdf.

Delaware’s Director of the Office of Unclaimed Property (OUP), Brenda Mayrack, is warning residents about fraudulent scam text messages that are circulating across several states, including Delaware. These messages invite recipients to follow a link to access the “DE un-claimed asset database.” Please be advised that OUP never communicates with claimants or potential claimants by text.

Similar text messages have been reported in New Jersey, Michigan, Louisiana,and Idaho. This type of message is not an authorized form of communication from OUP and should be treated with extreme caution. Never follow any link from a questionable source – ignore or delete these messages and visit the OUP website to securely and safely search for Delaware unclaimed property, to file a claim, or check the status of a claim at https://unclaimedproperty.delaware.gov.

STATE OF DELAWARE

DEPARTMENT OF SAFETY AND HOMELAND SECURITY

P.O. BOX 818

DOVER, DELAWARE 19903-0818

NEWS RELEASE

Date: July 9, 2020

Contact: DSHS Wendy Hudson – (302) 382-7978

DSP MCpl. Melissa Jaffe – (302) 382-2136

DSP LT. COL. MELISSA A. ZEBLEY NAMED

SUPERINTENDENT OF DELAWARE STATE POLICE

Today Governor John Carney joined Kimberly Chandler, Acting Secretary of Safety and Homeland Security, to announce the appointment of Lt. Col. Melissa A. Zebley as Superintendent of the Delaware State Police.

Lt. Col. Zebley, 50, assumes command of the State Police following the retirement of Col. Nathaniel McQueen Jr. Lt. Col. Zebley, a 28-year veteran of the State Police, is currently responsible for Internal Affairs, Information Support Services and Planning. She joined the Executive Staff in 2010 at the rank of Major with oversight of the Budget, Training Academy and Human Resource sections. In 2013, she transitioned to the role of Operations Officer overseeing New Castle County Patrol Troops and Criminal Investigations, as well as the statewide Traffic Section. Her former assignments include patrol Trooper, Training Academy Officer, Patrol Sergeant, Public Information Officer, Fiscal Executive Officer, and Troop Commander.

Lt. Colonel Zebley has also served as the Officer in Charge of the Honor Guard and as a member of the Division’s Critical Incident Stress Management Team.

“Lt. Col. Zebley has a tremendous track record of leadership at the Delaware State Police, and is the right person to lead our largest police agency” said Governor Carney. “A 28-year veteran of the State Police, Lt. Col. Zebley has the trust of community leaders not only in New Castle County, but up and down our state. I know she will build on the good work of Colonel McQueen to keep Delaware safe and continue to establish trust between law enforcement and the communities they serve. Thank you to Lt. Col. Zebley for taking on this important challenge.”

“Having served in almost every leadership position within the Delaware State Police, Lt. Col. Zebley not only possesses the qualifications, skills and experience to lead the State’s largest police agency but has also earned the respect of her fellow troopers and the Delaware law enforcement community. She has demonstrated the temperament, demeanor, and wisdom necessary to navigate the challenges in policing today and is committed to serving the citizens of our State, said Acting Secretary Chandler.

“I am humbled and honored to serve as the 26th Superintendent of the Delaware State Police. I thank Governor Carney and Acting Secretary Chandler for their faith in me to lead this division of professional and dedicated members. I pledge to serve with the dignity and honor befitting the high standards of the agency,” Lt. Col. Zebley said. “The Delaware State Police remain steadfast in our mission of service to all citizens and will continue on our course of community collaboration and progressive policing.”

Lt. Col. Zebley earned a Bachelor of Science degree in Criminal Justice from the University of Delaware and a Master of Science degree in the Administration of Justice from Wilmington University. She is also a graduate of the Northwestern University School of Police Staff and Command and a graduate of the 235th Session of the Federal Bureau of Investigation (FBI) National Academy. In addition, she is a graduate of the Anti-Defamation League’s Advanced Training School course on Extremist and Terrorist Threats and is currently attending the 43rd Session of the FBI’s National Executive Institute.

Lt. Col. Zebley is an instructor for the Delaware Leadership Development Program, a three-week school targeted for first line supervisors. Since 2003, she has served as an adjunct faculty member at Wilmington University, teaching in the undergraduate and graduate Criminal Justice Programs.

Lt. Col. Zebley is a member of the International Association of Chiefs of Police, the National Association of Women Law Enforcement Executives, Mid-Atlantic Association of Women in Law Enforcement, and the FBI National Academy Associates. She was the 2015 Chapter President of the FBINAA Maryland/Delaware Chapter. She is currently the Chair of the American Association of Motor Vehicle Administrators (AAMVA) Law Enforcement Standing Committee.

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Refunding transaction helps address the State’s budget challenges

WILMINGTON, Del. – The State of Delaware today announced the successful refunding of $33 million of debt at a record low Total Interest Cost of 0.79%. The transaction will save the State $5.2 million in debt service on a net present value basis over the next decade and is structured to further help the State address the Fiscal Year 2021 budget challenges brought on by the COVID-19 emergency.

Three bond rating agencies reaffirmed Delaware’s Triple A rating – Fitch, Moody’s and KRBA – with each taking note of the work of Governor John Carney and the Delaware General Assembly in recent years to boost reserves to prepare for economic downturns. J.P. Morgan Securities LLC served as senior managing underwriter for the transaction.

View rating agencies’ credit reports.

“Delaware continues to receive high marks for fiscal management which allows us to sustain the important investments we’ve made in our schools, our communities and our economy, including efforts to address the impacts of COVID-19,” said Governor John Carney. “The COVID-19 emergency presents enormous financial challenges for every state including Delaware. But I think all Delawareans can be proud of the work we’ve done with the General Assembly to boost the State’s finances prior to this unanticipated event, so our State is better prepared to weather the storm.” 

“This successful transaction shows the market’s confidence in Delaware despite the near-term challenges faced by every state,” said Secretary of Finance Rick Geisenberger. “The competitive pricing and debt service savings achieved for Delaware’s taxpayers speak volumes about our State’s continuing financial strengths.”

“The reaffirmation of the State’s Triple-A bond rating is a huge vote of confidence during these uncertain economic times,” said State Treasurer Colleen Davis. “The State’s best practices including using one-time revenue for one-time expenses, and increasing our reserves, will go a long way to see that we emerge from this crisis maintaining our economic strength.”

KRBA views the financial position of the State as “very strong based on its conservative budgeting policies, comprehensive and timely process of revenue estimation, high levels of financial reserves and strong liquidity. In response to the economic impacts of pandemic, the State has constrained its FY2020 spending and projected expenditures are under budget.”

Moody’s noted that “Delaware’s Aaa rating is supported by its healthy and stable finances and its strong management and governance, all of which enhance the state’s capacity to weather the economic downturn caused by the coronavirus outbreak. The state’s recent growth in reserves provide a cushion in the currently challenged economic environment brought on by the coronavirus pandemic.”

Fitch also noted that “Delaware’s history of exceptional financial resilience and strong budget management may be tested by the depth and duration of this downturn. However, Delaware’s close tracking of both revenues and expenditures and frequent revenue forecasts updates have historically allowed it to quickly respond to changing economic conditions. Fitch anticipates the state will take appropriate action to maintain balance.” 

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Together with the IRS and Delaware’s Department of Labor Unemployment Insurance Division, the Division of Revenue has announced a COVID–19 Relief Discussion this coming Friday, May 22, 2020, at 11:30 a.m. Eastern Standard Time (EST). This free 60-minute conference will be open to the public.

Delaware’s Director of Revenue Jennifer Hudson, and Director of Unemployment Insurance Division, Darryl Scott will join IRS Senior Stakeholder Liaison Yvette Brooks-Williams to discuss topics such as postponed Federal and Delaware State filing and payment deadlines, relief for citizens provided by the 2020 Coronavirus Aid, Relief and Economic Security Act, Economic Impact Payments (stimulus checks), and electronic filing options that will help you avoid refund payment delays. The Department of Labor will also address issues around filing for unemployment benefits.

Live questions will not be possible, so please submit your questions via email to the addresses listed below. Remember, please DO NOT include any personally identifiable information such as full names, SSN or bank account information. Please include the subject line DE COVID-19 Call on all communications.

• IRS: CL.SL.Area.2@irs.gov
• DE Division of Revenue: leslie.poland@delaware.gov
• DE Unemployment Insurance Division: Darryl.Scott@delaware.gov

CE Credits will not be offered for this Teleconference. Details:

Date: Friday, May 22, 2020
Time: 11:30 a.m. EST
Call-in number: 312-777-1455 or 888-331-8226
Access Code: 3078345