UD's Financial Profile

About UD

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 2017-2020 with projected results for fiscal year 2021. The conservative fiscal year 2021 winter projection was developed in January 2021 using six months of actual data and has been updated to reflect Higher Education Emergency Relief Funds per the American Rescue Plan Act signed in March 2021.

Overall Financial Summary

	FY17	FY18	FY19	FY20	FY21 Initial Budget	FY21 Projection Nov. 2020	FY21 Winter Projection including CARES funding	Nov to Feb Change
Financial Resources ($ in millions)
Total Operating Investments	606	652	536	522	348	328	374	46
Unspent Bond Proceeds for Capital	21	176	191	67	48	48	63	15
Total Operating Investments and Unspent Bond Proceeds	627	828	727	589	396	376	437	61
Change	14	201	(101)	(138)	(193)	(213)	(152)	61
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,376	1,376	1,376	-

Long-Term Liabilities:	1,074	1,231	1,225	1,279	1,267	1,267	1,267	-
Operating Statement of Activities, All Funds Basis
Operating Revenue
Total Operating Revenue	989	1,025	1,070	1,033	935	911	905	(5)
Total Operating Expense	911	968	1,043	1,050	1,035	1,036	969	(67)
Operating Surplus/(Deficit)	78	57	27	(17)	(100)	(126)	(64)	62
Capital Activities
Total Capital Funding	47	52	109	33	67	38	38	-
Total Capital Expenditures	82	92	179	173	137	103	103	-
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(70)	(65)	(65)	-

Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(170)	(191)	(129)	62
Accrual/Prepaid Differences	(46)	(22)	(64)	23	(23)	(23)	(23)	-
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	-	-	-	-
2018 Bond Proceeds	-	199	-	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(138)	(193)	(213)	(152)	61

Operating Revenue & Expenses

	FY17	FY18	FY19	FY20	FY21 Initial Budget	FY21 Projection Nov. 2020	FY21 Winter Projection including CARES funding	Nov to Feb Change
Operating Revenue ($ in millions)
Net Undergraduate Tuition & Fees	349	364	369	374	329	318	328	10
Net Graduate Tuition & Fees	31	36	34	30	23	35	28	(7)
Other Tuition & Fees	44	46	56	55	62	48	51	3
State Appropriation	121	119	122	125	122	125	125	-
Facilities and Administrative Cost Recoveries	36	37	40	41	28	37	40	3
Endowment Payout and Proceeds of Investment of Previous Surpluses	69	71	75	72	68	68	69	1
Auxiliary Revenue	119	127	130	90	127	63	48	(15)
Gifts for Operating	31	29	28	24	19	25	24	(1)
Contracts & Grants	142	145	165	176	117	157	159	2
Other & Entrepreneurial Revenue	47	51	51	46	40	34	33	(1)
Total Operating Revenue	989	1,025	1,070	1,033	935	911	905	(5)
Expenses
Faculty Salaries	151	159	169	177	172	176	179	3
Salaried Staff Salaries	151	162	173	185	187	176	179	3
Hourly Staff Salaries	77	79	80	80	78	60	66	6
Adjunct Faculty & Other Contract Workers	23	24	24	26	23	26	28	2
Graduate Student Salaries	42	45	50	51	46	51	53	2
Benefits	167	175	184	192	196	186	194	8
Travel	27	29	31	25	5	6	6	-
Supplies & Expenses	130	145	176	149	179	196	101	(95)
Plant Maintenance & Operations	81	86	89	82	78	82	86	4
Research Subcontracts	24	25	26	35	25	31	31	-
Debt Service	38	39	41	48	46	46	46	-
FY21 Auxiliary Expense Mitigation	-	-	-	-		(32)	(39)	(7)
CARES Act reimbursements	-	-	-	-	-	-	(61)	(61)
Total Operating Expenses	911	968	1,043	1,050	1,035	1,036	969	(67)
Operating surplus**/(deficit)	78	57	27	(17)	(100)	(126)	(64)	62

**Surplus is reinvested in polled investment portfolio

Capital Funding & Expenditures

	FY17	FY18	FY19	FY20	FY21 Initial Budget	FY21 Projection Nov. 2020	FY21 Winter Projection including CARES funding	Nov to Feb Change
Capital Funding ($ in millions)
Gifts for Capital	2	3	11	9	28	14	14	-
Bond Proceeds	39	48	97	13	19	5	5	-
State Bond Bill Appropriation	6	1	-	1	20	19	19	-
Other Capital Funding	-	-	1	10	-	-	-	-
Total Capital Funding	47	52	109	33	67	38	38	-
Capital Expenditures
Deferred Maintenance, budget	18	36	36	36	18	9	9	-
Capital Projects	64	56	143	137	119	94	94	-
Total Capital Expenditures	82	92	179	173	137	103	103	-
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(70)	(65)	(65)	-

Endowment & Pooled Investment Portfolio

	FY17	FY18	FY19	FY20	FY21 Initial Budget	FY21 Projection Nov. 2020	FY21 Winter Projection including CARES funding	Nov to Feb Change
Financial Resources: ($ in millions)
Cash and Cash Equivalents	51	85	111	130	130	130	130	-
Operating Investments-Bond Portfolio	312	317	177	165	165	165	165	-
Operating Investments in Pooled Portfolio	243	250	248	227	53	33	79	46
Total Operating Investments	606	652	536	522	348	328	374	46
Unspent Bond Proceeds for Capital	21	176	191	67	48	48	63	15
Total Operating Investments and Unspent Bond Proceeds	627	828	727	589	396	376	437	61
Change	14	201	(101)	(138)	(193)	(213)	(152)	61
Endowment Funds Market Value, Net	1,290	1,336	1,387	1,376	1,376	1,376	1,376	-

Long-Term Liabilities:
Long-term Debt and Capital Leases, Net	524	733	719	709	697	697	697	-
Postemployment Benefit Obligations	550	498	506	570	570	570	570	-
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	935	911	905	(5)
Total Operating Expense	911	968	1,043	1,050	1,035	1,036	969	(67)
Operating Surplus/(Deficit)	78	57	27	(17)	(100)	(126)	(64)	62
Capital Activities
Total Capital Funding	47	52	109	33	67	38	38	-
Total Capital Expenditures	82	92	179	173	137	103	103	-
Capital Activities Funded by Operations and Operating Investments	(35)	(40)	(70)	(140)	(70)	(65)	(65)	-
Change in Fund Balance from Operating and Capital Activities	43	17	(43)	(157)	(170)	(191)	(129)	62
Accrual/Prepaid Differences	(46)	(22)	(64)	23	(23)	(23)	(23)	-
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio	17	7	6	(4)	-	-	-	-
2018 Bond Proceeds	-	199	-	-	-	-	-	-
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements	14	201	(101)	(138)	(193)	(213)	(152)	61

Higher Education Emergency Relief Funding Received, FY20 and FY21

Fiscal Year	Higher Ed Emergency Relief Fund	Student Aid/Grants	University Aid	Total
FY20	Cares 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	American Rescue Plan Act	$15.8M	$15.8M	$31.7M
FY21	CARES Act – Governors Relief Fund		$32.5M	$32.5M
FY21 Total		$21.9M	$60.2M	$82.2M
FY20 & FY21 Grand Total		$28.0M	$66.3M	$94.4M

FY21 Budgeted Revenue

Number of Endowment Accounts by Purpose

FY21 Budgeted Expenses

Fall 2020 Enrollment
Type of students	Number of students	Change from Fall 2019
Undergraduate	17,710	-2.3%
Delaware residents	6,560	-0.4%
Non-residents	11,150	-3.5%
Associate in Arts	908	-0.4%
Graduate	4,285	+3.8%
Professional & Continuing Ed.	710	+12.5%