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 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)	2
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%