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

Overall Financial Summary

 

 

FY17

FY18

FY19

FY20

FY21

Initial Budget

FY21 Winter Projection including 
HEERF funding
(Feb.)

FY21 Spring Projection including 
HEERF funding (May)

Feb to May Change

Financial Resources
($ in millions)
               
Total Operating Investments  606 652 536 522 348 374 449 75
Unspent Bond Proceeds for Capital 21 176 191 67 48 63 61 (2)
Total Operating Investments and Unspent Bond Proceeds 627 828 727 589 396 437 510 73
Change 14 201 (101) (138) (193) (152) (79) 73
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 1,033 935 905 914 9
Total Operating Expense 911 968 1,043 1,050 1,035 969 927 (42)
Operating Surplus/(Deficit) 78 57 27 (17) (100) (64) (13) 51

Capital Activities
               
Total Capital Funding 47 52 109 33 67 38 39 1
Total Capital Expenditures 82 92 179 173 137 103 82 (21)
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (70) (65) (43) 22
                 
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (170) (129) (56) 73
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) (152) (79) 73
 

Operating Revenue & Expenses

 

 

 

FY17

FY18

FY19

FY20

FY21

Initial
Budget

FY21

Winter Projection including HEERF funding (Feb.)

FY21 Spring
Projection
including 
HEERF
funding 
(May)

 

Feb to May Change

Operating Revenue ($ in millions)

   
Net Undergraduate Tuition & Fees 349 364 369 374 329 328 309 19
Net Graduate Tuition & Fees 31 36 34 30 23 28 27 1
Other Tuition & Fees  44 46 56 55 62 51 50 (1)
State Appropriation 121 119 122 125 122 125 125 -
Facilities and Administrative Cost Recoveries 36 37 40 41 28 40 40 -
Endowment Payout and Proceeds of Investment of Previous Surpluses 69 71 75 72 68 69 69 -
Auxiliary Revenue 119 127 130 90 127 48 48 -
Gifts for Operating 31 29 28 24 19 24 24 -
Contracts & Grants 142 145 165 176 117 159 190 31
Other & Entrepreneurial Revenue 47 51 51 46 40 33 32 (1)
Total Operating Revenue 989 1,025 1,070 1,033 935 905 914 9

Expenses

   
Faculty Salaries 151 159 169 177 172 179 178 (1)
Salaried Staff Salaries 151 162 173 185 187 179 183 4
Hourly Staff Salaries 77 79 80 80 78 66 63 (3)
Adjunct Faculty & Other Contract Workers 23 24 24 26 23 28 24 (4)
Graduate Student Salaries 42 45 50 51 46 53 51 (2)
Benefits 167 175 184 192 196 194 194 -
Travel 27 29 31 25 5 6 2 (4)
Supplies, Materials and Other 130 145 176 149 179 201 181 (20)
Plant Maintenance & Operations  81 86 89 82 78 86 71 (15)
Research Subcontracts 24 25 26 35 25 31 34 3
Debt Service 38 39 41 48 46 46 46 -
FY21 Auxiliary Expense Mitigation - - - -   (39) (39) -
HEERF Act reimbursements - - - - - (61) (61) -
Total Operating Expenses 911 968 1,043 1,050 1,035 969 927 (42)
Operating surplus**/(deficit) 78 57 27 (17) (100) (64) (13) 51

 

**Surplus is reinvested in polled investment portfolio 

Capital Funding & Expenditures

 

 

 

FY17

FY18

FY19

FY20

FY21

Initial
Budget

FY21

Winter Projection including HEERF funding (Feb.)

FY21
Spring
Projetion
including HEERF
funding (May)

Feb to May Change

Capital Funding ($ in millions)

   
Gifts for Capital 2 3 11 9 28 14 14 -
Bond Proceeds 39 48 97 13 19 5 6 1
State Bond Bill Appropriation 6 1 - 1 20 19 9 (10)
Other Capital Funding - - 1 10 - - 10 10
Total Capital Funding 47 52 109 33 67 38 39 1

Capital Expenditures

   
Deferred Maintenance, budget 18 36 36 36 18 9 9 -
Capital Projects 64 56 143 137 119 94 73 (21)
Total Capital Expenditures 82 92 179 173 137 103 82 (21)
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (70) (65) (43) 22

Endowment & Pooled Investment Portfolio

 

 

FY17

FY18

FY19

FY20

FY21

Initial
Budget

FY21

Winter Projection including HEERF funding (Feb.)

FY21 Spring Projection including HEERF funding (May)

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 79 154 75
Total Operating Investments  606 652 536 522 348 374 449 75
Unspent Bond Proceeds for Capital  21  176 191 67 48 63 61 (2)
Total Operating Investments and Unspent Bond Proceeds 627 828 727 589 396 437 510 73
Change 14  201 (101) (138) (193) (152) (79) 73
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 1,033 935 905 914 9
Total Operating Expense 911 968 1,043 1,050 1,035 969 927 (42)
Operating Surplus/(Deficit) 78 57 27 (17) (100) (64) (13) 51
Capital Activities                
Total Capital Funding 47 52 109 33 67 38 39 1
Total Capital Expenditures 82 92 179 173 137 103 82 (21)
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (70) (65) (43) 22
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (170) (129) (56) 73
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) (152) (79) 73

Higher Education Emergency Relief Funding Received, FY20 and FY21

 

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 American Rescue Plan Act $16.1M $16.1M $32.2M
FY21 HEERF Act – Governors Relief Fund   $32.5M $32.5M
FY21 Total   $22.2M $60.5M $82.7M
FY20 & FY21 Grand Total   $28.3M $66.6M $94.9M

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%

UD Financial Profile website last updated: May 25, 2021