UD's Financial Profile

About UD

Additional resources

The information made available on this website provides greater context and clarity around UD financial management, personnel and relevant matters associated with data reporting.

For years, source data has been available publicly in various institutional documents, including the University’s audited financial statements, IRS Form 990, and through reports generated by the Investments Office, the Office of Institutional Research and Effectiveness, the Research Office, Facilities and others. This site provides a summarized overview for ease of use.

Summary of UD finances

The tables below - Operating Revenue & Expenses, Capital Funding & Expenditures, Endowment & Pooled Investment Portfolio - summarize the University of Delaware's financial results for fiscal years 2017-2021 with budgeted and projected results for fiscal year 2022 and budgeted results for fiscal year 2023. The fiscal year 2022 projection was developed using actual Fall 2021 and Spring 2022 enrollments and student aid.

Overall Financial Summary

	FY17	FY18	FY19	FY20	FY21	FY22 Budget	FY22 Projection April 2022	FY23 Budget 4200 incoming class; 3% tuition rate increase
Financial Resources ($ in millions)
Total Operating Investments	606	652	536	519	554	526	544	520
Unspent Bond Proceeds for Capital	21	176	191	67	62	50	57	5
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	576	601	525
Change	14	201	(101)	(141)	30	(40)	(15)	(76)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,864	1,864	TBD

Long-Term Liabilities:	1,074	1,231	1,225	1,279	1,279	1,267	1,267	TBD
Operating Statement of Activities, All Funds Basis
Operating Revenue
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,121	1,151
Total Operating Expense	911	968	1,043	1,050	972	1,100	1,095	1,146
Operating Surplus/(Deficit)	78	57	27	(17)	24	3	26	5
Capital Activities
Total Capital Funding	47	52	109	33	31	62	54	103
Total Capital Expenditures	82	92	179	173	74	75	45	133
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	9	(30)

Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	(10)	35	(25)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(30)	(30)	(51)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	-	(20)	-
2018 Bond Proceeds	-	199	-	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	(40)	(15)	(76)

Operating Revenue & Expenses

	FY17	FY18	FY19	FY20	FY21	FY22 Budget	FY22 Projection April 2022	FY23 Budget 4200 incoming class; 3% tuition rate increase
Operating Revenue ($ in millions)
Net Undergraduate Tuition & Fees	349	364	369	374	337	368	337	343
Net Graduate Tuition & Fees	31	36	34	30	30	32	31	32
Other Tuition & Fees	44	46	56	55	50	79	65	77
State Appropriation	121	119	122	125	125	126	129	129
Facilities and Administrative Cost Recoveries	36	37	40	41	44	44	52	55
Endowment Payout and Proceeds of Investment of Previous Surpluses	69	71	75	72	69	71	73	80
Auxiliary Revenue	119	127	130	90	50	126	119	125
Gifts for Operating	31	29	28	24	29	33	29	34
Contracts & Grants	142	145	165	171	181	174	225	225
HEERF relief reimbursements				5	46		16	-
Other & Entrepreneurial Revenue	47	51	51	46	35	50	45	50
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,121	1,151
Expenses
Faculty Salaries	151	159	169	177	178	177	176	186
Salaried Staff Salaries	151	162	173	185	184	192	189	190
Hourly Staff Salaries	77	79	80	80	65	73	70	81
Adjunct Faculty & Other Contract Workers	23	24	24	26	21	27	24	29
Graduate Student Salaries	42	45	50	51	52	51	56	56
Benefits	167	175	184	192	190	204	193	196
Travel	27	29	31	25	3	25	13	25
Supplies, Materials and Other	130	145	176	149	121	181	206	212
Plant Maintenance & Operations	81	86	89	82	72	83	90	87
Research Subcontracts	24	25	26	35	38	42	37	43
Debt Service	38	39	41	48	48	45	41	42
Total Operating Expenses	911	968	1,043	1,050	972	1,100	1,095	1,146
Operating surplus**/(deficit)	78	57	27	(17)	24	3	26	5

**Surplus is reinvested in pooled investment portfolio

Capital Funding & Expenditures

	FY17	FY18	FY19	FY20	FY21	FY22 Budget	FY22 Projection April 2022	FY23 Budget 4200 incoming class; 3% tuition rate increase
Capital Funding ($ in millions)
Gifts for Capital	2	3	11	9	15	19	24	20
Bond Proceeds	39	48	97	13	4	12	5	52
State Bond Bill Appropriation	6	1	-	1	3	27	15	14
Other Capital Funding	-	-	1	10	9	4	10	18
Total Capital Funding	47	52	109	33	31	62	54	103
Capital Expenditures
Deferred Maintenance, budget	18	36	36	36	9	18	18	18
Capital Projects	64	56	143	137	65	57	27	115
Total Capital Expenditures	82	92	179	173	74	75	45	133
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	9	(30)

Endowment & Pooled Investment Portfolio

	FY17	FY18	FY19	FY20	FY21	FY22 Budget	FY22 Projection April 2022	FY23 Budget 4200 incoming class; 3% tuition rate increase
Financial Resources: ($ in millions)
Cash and Cash Equivalents	51	85	111	130	125	125	135	111
Operating Investments-Bond Portfolio	312	317	177	162	151	123	151	151
Operating Investments in Pooled Portfolio	243	250	248	227	278	278	258	258
Total Operating Investments	606	652	536	519	554	526	544	520
Unspent Bond Proceeds for Capital	21	176	191	67	62	50	57	5
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	576	601	525
Change	14	201	(101)	(141)	30	(40)	(15)	(76)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,864	1,864	TBD

Long-Term Liabilities:
Long-term Debt and Capital Leases, Net	524	733	719	709	697	685	685	TBD
Postemployment Benefit Obligations	550	498	506	570	582	582	582	TBD
Long-Term Liabilities	1,074	1,231	1,225	1,279	1,267	1,267	1,267	TBD
Operating Statement of Activities, All Funds Basis
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,121	1,151
Total Operating Expense	911	968	1,043	1,050	972	1,100	1,095	1,146
Operating Surplus/(Deficit)	78	57	27	(17)	24	3	26	5
Capital Activities
Total Capital Funding	47	52	109	33	31	62	54	103
Total Capital Expenditures	82	92	179	173	74	75	45	133
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	9	(30)
Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	(10)	35	(25)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(30)	(30)	(51)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	-	(20)	-
2018 Bond Proceeds	-	199	-	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	(40)	(15)	(76)

Higher Education Emergency Relief Funding

Fiscal Year	Higher Ed Emergency Relief Fund	Student Aid/Grants	University Aid	Total
FY20	HEERF Act	$6.1M	$6.1M	$12.2M
FY20 Total		$6.1M	$6.1M	$12.2M

FY21	Omnibus Appropriation	$6.1M	$11.9M	$18.0M
FY21	HEERF Act – Governors Relief Fund		$32.5M	$32.5M
FY21 Total		$6.1M	$44.4M	$50.5M

FY22	American Rescue Plan Act*	$16.1M	$16.1M	$32.2M
FY22	ARPA/State and Local Fiscal Recovery Fund**		$10.0M	$10.0M
FY22	CARES Act - Governors Relief Fund***		$6.9M	$6.9M
FY22 Total		$16.1M	$33.0M	$49.1M
Grand Total		$28.3M	$83.5M	$111.8M

* American Rescue Plan Act Student Aid & Institutional Aid awarded in FY21, however Student Aid disbursements & recognition of institutional aid is expected in FY22

** American Rescue Plan Act/State and Local Fiscal Recovery Fund total award is $41M disbursed as follows: FY22 - $10M, FY23 - $15M and FY24 - $16M. Awarded funds to go towards the construction expenses of Building X.

*** FY22 CARES Act - Governors Relief Fund awarded after FY22 April projection