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 – 2022 with budgeted and projected fiscal year 2023 activity. Projected activity includes actual results through February 2023 and projections of activity for March 2023 through June 2023. Budgeted activity for fiscal year 2024 also included.

Overall Financial Summary

	FY17	FY18	FY19	FY20	FY21	FY22	FY23 Budget 4200 incoming class; 3% tuition rate increase	FY23 Projection Spring 2023	FY24 Budget 4200 incoming class; 5% tuition rate increase†
Financial Resources ($ in millions)
Total Operating Investments	606	652	536	519	554	572	539	569	560
Unspent Bond Proceeds for Capital	21	176	191	67	62	57	5	41	0
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	629	544	610	560
Change	14	201	(101)	(141)	30	13	(85)	(19)	(50)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,702	1,702	1,702	1,702

Long-Term Liabilities:	1,074	1,231	1,225	1,279	1,279	1,160	1,148	1,148	1,135
Operating Statement of Activities, All Funds Basis
Operating Revenue
Total Operating Revenue	989	1,025	1,070	1,033	996	1,132	1,151	1,178	1,235
Total Operating Expense	911	968	1,043	1,050	972	1,078	1,146	1,149	1,213
Operating Surplus/(Deficit)	78	57	27	(17)	24	54	5	29	22
Capital Activities
Total Capital Funding	47	52	109	33	31	46	103	62	109
Total Capital Expenditures	82	92	179	173	74	52	133	98	150
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(6)	(30)	(37)	(41)

Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	48	(25)	(8)	(19)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(11)	(60)	(16)	(41)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	(24)	-	5	10
2018 Bond Proceeds	-	199	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	13	(85)	(19)	(50)

† Tuition rate increase is not yet final; figures include up to 5% increase.

Operating Revenue & Expenses

	FY17	FY18	FY19	FY20	FY21	FY22	FY23 Budget 4200 incoming class; 3% tuition rate increase	FY23 Projection Spring 2023	FY24 Budget 4200 incoming class; 5% tuition rate increase†
Operating Revenue ($ in millions)
Net Undergraduate Tuition & Fees	349	364	369	374	337	335	343	341	368
Net Graduate Tuition & Fees	31	36	34	30	30	28	32	33	34
Other Tuition & Fees	44	46	56	55	50	62	77	65	66
State Appropriation	121	119	122	125	125	128	129	134	135
Facilities and Administrative Cost Recoveries	36	37	40	41	44	54	55	57	60
Endowment Payout and Proceeds of Investment of Previous Surpluses	69	71	75	72	69	72	80	87	93
Auxiliary Revenue	119	127	130	90	50	121	125	133	139
Gifts for Operating	31	29	28	24	29	33	34	34	36
Contracts & Grants	142	145	165	171	181	232	225	235	244
HEERF relief reimbursements				5	46	16	-	0	0
Other & Entrepreneurial Revenue	47	51	51	46	35	51	50	59	59
Total Operating Revenue	989	1,025	1,070	1,033	996	1,132	1,151	1,178	1,235
Expenses
Faculty Salaries	151	159	169	177	178	175	186	178	185
Salaried Staff Salaries	151	162	173	185	184	190	190	206	213
Hourly Staff Salaries	77	79	80	80	65	72	81	76	78
Adjunct Faculty & Other Contract Workers	23	24	24	26	21	25	29	27	28
Graduate Student Salaries	42	45	50	51	52	52	56	58	59
Benefits	167	175	184	192	190	191	196	203	218
Travel	27	29	31	25	3	17	25	26	26
Supplies, Materials and Other	130	145	176	149	121	190	212	198	223
Plant Maintenance & Operations	81	86	89	82	72	83	87	87	91
Research Subcontracts	24	25	26	35	38	41	43	48	49
Debt Service	38	39	41	48	48	42	42	42	43
Total Operating Expenses	911	968	1,043	1,050	972	1,078	1,146	1,149	1,213
Operating surplus**/(deficit)	78	57	27	(17)	24	54	5	29	22

**Surplus is reinvested in pooled investment portfolio

† Tuition rate increase is not yet final; figures include up to 5% increase.

Capital Funding & Expenditures

	FY17	FY18	FY19	FY20	FY21	FY22	FY23 Budget 4200 incoming class; 3% tuition rate increase	FY23 Projection Spring 2023	FY24 Budget 4200 incoming class; 5% tuition rate increase†
Capital Funding ($ in millions)
Gifts for Capital	2	3	11	9	15	23	20	14	14
Bond Proceeds	39	48	97	13	4	5	52	16	41
State Bond Bill Appropriation	6	1	-	1	3	11	14	14	27
Other Capital Funding	-	-	1	10	9	7	18	18	27
Total Capital Funding	47	52	109	33	31	46	103	62	109
Capital Expenditures
Deferred Maintenance, budget	18	36	36	36	9	18	18	20	20
Capital Projects	64	56	143	137	65	34	115	78	130
Total Capital Expenditures	82	92	179	173	74	52	133	98	150
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(6)	(30)	(37)	(41)

† Tuition rate increase is not yet final; figures include up to 5% increase.

Endowment & Pooled Investment Portfolio

	FY17	FY18	FY19	FY20	FY21	FY22	FY23 Budget 4200 incoming class; 3% tuition rate increase	FY23 Projection Spring 2023	FY24 Budget 4200 incoming class; 5% tuition rate increase†
Financial Resources: ($ in millions)
Cash and Cash Equivalents	51	85	111	130	125	73	68	85	85
Operating Investments-Bond Portfolio	312	317	177	162	151	262	262	262	243
Operating Investments in Pooled Portfolio	243	250	248	227	278	237	209	222	232
Total Operating Investments	606	652	536	519	554	572	539	569	560
Unspent Bond Proceeds for Capital	21	176	191	67	62	57	5	41	0
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	629	544	610	560
Change	14	201	(101)	(141)	30	13	(85)	(19)	(50)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,702	1,702	1,702	1,702

Long-Term Liabilities:
Long-term Debt and Capital Leases, Net	524	733	719	709	697	685	673	673	660
Postemployment Benefit Obligations	550	498	506	570	582	475	475	475	475
Long-Term Liabilities	1,074	1,231	1,225	1,279	1,279	1,160	1,148	1,148	1,135
Operating Statement of Activities, All Funds Basis
Total Operating Revenue	989	1,025	1,070	1,033	996	1,132	1,151	1,178	1,235
Total Operating Expense	911	968	1,043	1,050	972	1,078	1,146	1,149	1,213
Operating Surplus/(Deficit)	78	57	27	(17)	24	54	5	29	22
Capital Activities
Total Capital Funding	47	52	109	33	31	46	103	62	109
Total Capital Expenditures	82	92	179	173	74	52	133	98	150
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(6)	(30)	(37)	(41)
Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	48	(25)	(8)	(19)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(11)	(60)	(16)	(41)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	(24)	-	5	10
2018 Bond Proceeds	-	199	-	-	-	-	-	0	0
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	13	(85)	(19)	(50)

† Tuition rate increase is not yet final; figures include up to 5% increase.

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