UD's Financial Profile

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. The fiscal year 2022 projection with Fall enrollments was developed in October 2021 using actual Fall 2021 enrollments and student aid.

Overall Financial Summary

	FY17	FY18	FY19	FY20	FY21	FY22 Budget 4400 freshman; 2% tuition increase	FY22 Projection with Fall enrollments
Financial Resources ($ in millions)
Total Operating Investments	606	652	536	519	554	526	514
Unspent Bond Proceeds for Capital	21	176	191	67	62	50	50
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	576	564
Change	14	201	(101)	(141)	(30)	(40)	(52)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,864	1,864

Long-Term Liabilities:	1,074	1,231	1,225	1,279	1,279	1,267	1,267
Operating Statement of Activities, All Funds Basis
Operating Revenue
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,090
Total Operating Expense	911	968	1,043	1,050	972	1,100	1,099
Operating Surplus/(Deficit)	78	57	27	(17)	24	3	(9)
Capital Activities
Total Capital Funding	47	52	109	33	6731	62	62
Total Capital Expenditures	82	92	179	173	74	75	75
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	(13)

Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	(10)	(22)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(30)	(30)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	-	-
2018 Bond Proceeds	-	199	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	(40)	(52)

Operating Revenue & Expenses

	FY17	FY18	FY19	FY20	FY21	FY22 Budget 4400 freshman; 2% tuition increase	FY22 Projection with Fall enrollments
Operating Revenue ($ in millions)
Net Undergraduate Tuition & Fees	349	364	369	374	337	368	350
Net Graduate Tuition & Fees	31	36	34	30	30	32	32
Other Tuition & Fees	44	46	56	55	50	79	67
State Appropriation	121	119	122	125	125	126	127
Facilities and Administrative Cost Recoveries	36	37	40	41	44	44	44
Endowment Payout and Proceeds of Investment of Previous Surpluses	69	71	75	72	69	71	71
Auxiliary Revenue	119	127	130	90	50	126	126
Gifts for Operating	31	29	28	24	29	33	33
Contracts & Grants	142	145	165	171	181	174	174
HEERF relief reimbursements				5	46		16
Other & Entrepreneurial Revenue	47	51	51	46	35	50	50
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,090
Expenses
Faculty Salaries	151	159	169	177	178	177	177
Salaried Staff Salaries	151	162	173	185	184	192	192
Hourly Staff Salaries	77	79	80	80	65	73	73
Adjunct Faculty & Other Contract Workers	23	24	24	26	21	27	27
Graduate Student Salaries	42	45	50	51	52	51	51
Benefits	167	175	184	192	190	204	204
Travel	27	29	31	25	3	25	25
Supplies, Materials and Other	130	145	176	149	121	181	180
Plant Maintenance & Operations	81	86	89	82	72	83	83
Research Subcontracts	24	25	26	35	38	42	42
Debt Service	38	39	41	48	48	45	45
Total Operating Expenses	911	968	1,043	1,050	972	1,100	1,099
Operating surplus**/(deficit)	78	57	27	(17)	24	3	(9)

**Surplus is reinvested in pooled investment portfolio

Capital Funding & Expenditures

	FY17	FY18	FY19	FY20	FY21	FY22 Budget 4400 freshman; 2% tuition increase	FY22 Projection with Fall enrollments
Capital Funding ($ in millions)
Gifts for Capital	2	3	11	9	15	19	19
Bond Proceeds	39	48	97	13	4	12	12
State Bond Bill Appropriation	6	1	-	1	3	27	27
Other Capital Funding	-	-	1	10	9	4	4
Total Capital Funding	47	52	109	33	31	62	62
Capital Expenditures
Deferred Maintenance, budget	18	36	36	36	9	18	18
Capital Projects	64	56	143	137	65	57	57
Total Capital Expenditures	82	92	179	173	74	75	75
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	(13)

Endowment & Pooled Investment Portfolio

	FY17	FY18	FY19	FY20	FY21 Initial	FY22 Budget 4400 freshman; 2% tuition increase	FY22 Projection with Fall enrollments
Financial Resources: ($ in millions)
Cash and Cash Equivalents	51	85	111	130	125	125	125
Operating Investments-Bond Portfolio	312	317	177	162	151	123	111
Operating Investments in Pooled Portfolio	243	250	248	227	278	278	278
Total Operating Investments	606	652	536	519	554	526	514
Unspent Bond Proceeds for Capital	21	176	191	67	62	50	50
Total Operating Investments and Unspent Bond Proceeds	627	828	727	586	616	576	564
Change	14	201	(101)	(141)	30	(40)	(52)
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,864	1,864	1,864

Long-Term Liabilities:
Long-term Debt and Capital Leases, Net	524	733	719	709	697	685	685
Postemployment Benefit Obligations	550	498	506	570	582	582	582
Long-Term Liabilities	1,074	1,231	1,225	1,279	1,267	1,267	1,267
Operating Statement of Activities, All Funds Basis
Total Operating Revenue	989	1,025	1,070	1,033	996	1,103	1,090
Total Operating Expense	911	968	1,043	1,050	972	1,100	1,099
Operating Surplus/(Deficit)	78	57	27	(17)	24	3	(9)
Capital Activities
Total Capital Funding	47	52	109	33	31	62	62
Total Capital Expenditures	82	92	179	173	74	75	75
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(43)	(13)	(13)
Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(19)	(10)	(22)
Accrual/Prepaid Differences	(46)	(22)	(64)	20	(24)	(30)	(30)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	73	-	-
2018 Bond Proceeds	-	199	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(141)	30	(40)	(52)

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 Total		$16.1M	$16.1M	$32.2M
Grand Total		$28.3M	$66.6M	$94.9M

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