UD's Financial Profile

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 results for fiscal year 2023. 

Overall Financial Summary

 

 

FY17

FY18

FY19

FY20

FY21

FY22  

FY23
Budget
4200 incoming class;
3% tuition rate increase

Financial Resources
($ in millions)
             
Total Operating Investments  606

652 536 519 554 572 539 
Unspent Bond Proceeds for Capital 21 176 191 67 62 57
Total Operating Investments and Unspent Bond Proceeds 627 828 727 586 616 629 544 
Change 14 201 (101) (141) 30 13  (85) 
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,864 1,702 1,702 
 
Long-Term Liabilities: 1,074 1,231 1,225 1,279 1,279 1,160 1,148 

Operating Statement of Activities, All Funds Basis
 

Operating Revenue
             
Total Operating Revenue 989 1,025 1,070 1,033 996 1,132 1,151 
Total Operating Expense 911 968 1,043 1,050 972 1,078 1,146 
Operating Surplus/(Deficit) 78 57 27 (17) 24 54 

Capital Activities
             
Total Capital Funding 47 52 109 33 31 46  103
Total Capital Expenditures 82 92 179 173 74 52 133 
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (43) (6) (30)
               
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (19) 48  (25) 
Accrual/Prepaid Differences (46) (22) (64) 20 (24) (11) (60)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio 17 7 6 (4) 73 (24)  -
2018 Bond Proceeds - 199 - - - - -
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements 14 201 (101) (141) 30 13  (85) 
 

Operating Revenue & Expenses

 

 

 

FY17

FY18

FY19

FY20

FY21

FY22  

FY23
Budget 
4200 incoming class;
3% tuition rate increase
  

Operating Revenue ($ in millions)

Net Undergraduate Tuition & Fees 349 364 369 374 337 335 343
Net Graduate Tuition & Fees 31 36 34 30 30 28  32
Other Tuition & Fees  44 46 56 55 50 62 77
State Appropriation 121 119 122 125 125 128 129 
Facilities and Administrative Cost Recoveries 36 37 40 41 44 54  55 
Endowment Payout and Proceeds of Investment of Previous Surpluses 69 71 75 72 69 72 80
Auxiliary Revenue 119 127 130 90 50 121 125 
Gifts for Operating 31 29 28 24 29 33 34 
Contracts & Grants 142 145 165 171 181 232 225 
HEERF relief reimbursements       5 46  16
Other & Entrepreneurial Revenue 47 51 51 46 35 51 50 
Total Operating Revenue 989 1,025 1,070 1,033 996 1,132 1,151 

Expenses

Faculty Salaries 151 159 169 177 178 175 186 
Salaried Staff Salaries 151 162 173 185 184 190 190 
Hourly Staff Salaries 77 79 80 80 65 72 81 
Adjunct Faculty & Other Contract Workers 23 24 24 26 21 25 29 
Graduate Student Salaries 42 45 50 51 52 52 56 
Benefits 167 175 184 192 190 191 196 
Travel 27 29 31 25 3 17  25 
Supplies, Materials and Other 130 145 176 149 121 190 212 
Plant Maintenance & Operations  81 86 89 82 72 83 87 
Research Subcontracts 24 25 26 35 38 41 43 
Debt Service 38 39 41 48 48 42 42 
Total Operating Expenses 911 968 1,043 1,050 972 1,078 1,146 
Operating surplus**/(deficit) 78 57 27 (17) 24 54 

 

**Surplus is reinvested in pooled investment portfolio 

Capital Funding & Expenditures

 

 

 

FY17

FY18

FY19

FY20

FY21

FY22    

FY23
Budget 

4200 incoming class; 3% tuition rate increase

Capital Funding ($ in millions)

Gifts for Capital 2 3 11 9 15 23  20 
Bond Proceeds 39 48 97 13 4 52
State Bond Bill Appropriation 6 1 - 1 3 11 14 
Other Capital Funding - - 1 10 9 18 
Total Capital Funding 47 52 109 33 31 46  103 

Capital Expenditures

Deferred Maintenance, budget 18 36 36 36 9 18 18
Capital Projects 64 56 143 137 65 34 115 
Total Capital Expenditures 82 92 179 173 74 52 133 
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (43) (6) (30) 

Endowment & Pooled Investment Portfolio

 

 

FY17

FY18

FY19

FY20

FY21

FY22  

FY23
Budget
4200 incoming class; 3% tuition rate increase

Financial Resources: ($ in millions)

Cash and Cash Equivalents 51  85  111  130 125 73  68 
Operating Investments-Bond Portfolio  312  317 177 162 151 262  262
Operating Investments in Pooled Portfolio 243 250 248 227 278 237  209 
Total Operating Investments  606 652 536 519 554 572 539 
Unspent Bond Proceeds for Capital  21  176 191 67 62 57
Total Operating Investments and Unspent Bond Proceeds 627 828 727 586 616 629  544 
Change 14  201 (101) (141) 30 13  (85) 
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,864 1,702 1,702 
 

Long-Term Liabilities:

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

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

FY23 Budgeted Revenue

FY22 Revenue

FY23 Budgeted Expenses

FY22 Expenses

Fall 2022 Enrollment

Type of students Number of students

Undergraduate

18,665

Associate in Arts

599

Graduate

4,557

Professional & Continuing Ed.

817

UD Financial Profile website last updated: November 18, 2022