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 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%

UD Financial Profile website last updated: April 7, 2021