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 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.

Overall Financial Summary

 

 

FY17

FY18

F19

FY20

FY21
Initial
Budget

Changes related
to de-densification

FY21
Moderate
Density
(20% fall, at least 50% spring)

Financial Resources
($ in millions)
             
Total Operating Investments  606 652 536 522 348 (51) 297
Unspent Bond Proceeds for Capital 21 176 191 67 48 - 48
Total Operating Investments and Unspent Bond Proceeds 627 828 727 589 396 (51) 345
Change 14 201 (101) (138) (193) (51) (244)
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,376 - 1,376
 
Long-Term Liabilities: 1,074 1,231 1,225 1,279 1,267 - 1,267

Operating Statement of Activities, All Funds Basis
 

Operating Revenue
             
Total Operating Revenue 989 1,025 1,070 1,033 935 (92) 843
Total Operating Expense 911 968 1,043 1,050 1,035 (32) 1,003
Operating Surplus/(Deficit) 78 57 27 (17) (100) (60) (160)

Capital Activities
             
Total Capital Funding 47 52 109 33 67 - 67
Total Capital Expenditures 82 92 179 173 137 (9) 128
Capital Activities Funded by Operations and Operating Investments 35 40 70 140 70 (9) 61
               
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (170) (51) (221)
Accrual/Prepaid Differences (46) (22) (64) 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) (51) (244)
 

Operating Revenue & Expenses

 

 

 

FY17

FY18

F19

FY20

FY21
Initial
Budget

Changes related
to de-densification

FY21
Moderate
Density
(20% fall, at least 50% spring)

Operating Revenue ($ in millions)

Net Undergraduate Tuition & Fees 349 364 369 374 329 (21) 308
Net Graduate Tuition & Fees 31 36 34 30 23 - 23
Other Tuition & Fees  44 46 56 55 62 (8) 54
State Appropriation 121 119 122 125 122 3 125
Facilities and Administrative Cost Recoveries 36 37 40 41 28 - 28
Endowment Payout and Proceeds of Investment of Previous Surpluses 69 71 75 72 68 0 68
Auxiliary Revenue 119 127 130 90 127 (73) 54
Gifts for Operating 31 29 28 24 19 7 26
Contracts & Grants 142 145 165 176 117 - 117
Other & Entrepreneurial Revenue 47 51 51 46 40 - 40
Total Operating Revenue 989 1,025 1,070 1,033 935 (92) 843

Expenses

Faculty Salaries 151 159 169 177 172 - 172
Salaried Staff Salaries 151 162 173 185 187 - 187*
Hourly Staff Salaries 77 79 80 80 78 - 78
Adjunct Faculty & Other Contract Workers 23 24 24 26 23 - 23
Graduate Student Salaries 42 45 50 51 46 - 46
Benefits 167 175 184 192 196 - 196
Travel 27 29 31 25 5 - 5
Supplies & Expenses 130 145 176 149 179 - 179
Plant Maintenance & Operations  81 86 89 82 78 - 78
Research Subcontracts 24 25 26 35 25 - 25
Debt Service 38 39 41 48 46 - 46
FY21 Auxiliary Expense Mitigation - - - - - (32) (32)
Total Operating Expenses 911 968 1,043 1,050 1,035 (32) 1,003
Operating surplus**/(deficit) 78 57 27 (17) (100) (60) (160)

 

*Mitigation not yet reflected
**Surplus is reinvested in polled investment portfolio 

Capital Funding & Expenditures

 

 

 

FY17

FY18

F19

FY20

FY21
Initial
Budget

Changes related
to de-densification

FY21
Moderate
Density
(20% fall, at least 50% spring)

Capital Funding ($ in millions)

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

Capital Expenditures

Deferred Maintenance, budget 18 36 36 36 18 (9) 9
Capital Projects 64 56 143 137 119 - 119
Total Capital Expenditures 82 92 179 173 137 (9) 128
Capital Activities Funded by Operations and Operating Investments 35 40 70 140 70 (9) 61

Endowment & Pooled Investment Portfolio

 

 

FY17

FY18

F19

FY20

FY21
Initial
Budget

Changes related
to Reduced Density Campus

FY21
Moderate
Density Scenario

Financial Resources: ($ in millions)

Cash and Cash Equivalents 51  85  111  130 130 130
Operating Investments-Bond Portfolio 312  317 177 165 165 - 165
Operating Investments in Pooled Portfolio 243 250 248 227 53 (51)
Total Operating Investments  606 652 536 522 348 (51) 297
Unspent Bond Proceeds for Capital  21  176 191 67 48 - 48
Total Operating Investments and Unspent Bond Proceeds 627 828 727 589 396 (51) 345
Change 14  201 (101) (138) (193) (51) (244)
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,376 - 1,376
   

Long-Term Liabilities:

Long-term Debt and Capital Leases, Net 524 733 719 709 697 - 697
Postemployment Benefit Obligations  550 498 506 570 570 - 570
Long-Term Liabilities  1,074 1,231 1,225 1,279 1,267 - 1,267
Operating Statement of Activities, All Funds Basis              
Total Operating Revenue 989 1,025 1,070 1,033 935 (92) 843
Total Operating Expense 911 968 1,043 1,050 1,035 (32) 1,003
Operating Surplus/(Deficit) 78 57 27 (17) (100) (60) (160)
Capital Activities              
Total Capital Funding 47 52 109 33 67 - 67
Total Capital Expenditures 82 92 179 173 137 (9) 128
Capital Activities Funded by Operations and Operating Investments 35 40 70 140 70 (9) 61
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (170) (51) (221)
Accrual/Prepaid Differences (46) (22) (64) 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) (51) (244)

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: Oct. 14, 2020