
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.
Overall Financial Summary
FY17 |
FY18 |
F19 |
FY20 |
FY21 |
Changes related |
FY21 |
|
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Financial Resources ($ in millions) |
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Total Operating Investments | 606 | 652 | 536 | 522 | 348 | (20) | 328 |
Unspent Bond Proceeds for Capital | 21 | 176 | 191 | 67 | 48 | - | 48 |
Total Operating Investments and Unspent Bond Proceeds | 627 | 828 | 727 | 589 | 396 | (20) | 376 |
Change | 14 | 201 | (101) | (138) | (193) | (20) | (213) |
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 |
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Operating Revenue |
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Total Operating Revenue | 989 | 1,025 | 1,070 | 1,033 | 935 | (24) | 911 |
Total Operating Expense | 911 | 968 | 1,043 | 1,050 | 1,035 | 1 | 1,036 |
Operating Surplus/(Deficit) | 78 | 57 | 27 | (17) | (100) | (26) | (126) |
Capital Activities |
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Total Capital Funding | 47 | 52 | 109 | 33 | 67 | (28) | 39 |
Total Capital Expenditures | 82 | 92 | 179 | 173 | 137 | (34) | 103 |
Capital Activities Funded by Operations and Operating Investments | 35 | 40 | 70 | 140 | 70 | (6) | 64 |
Change in Fund Balance from Operating and Capital Activities | 43 | 17 | (43) | (157) | (170) | (20) | (190) |
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) | (20) | (213) |
Operating Revenue & Expenses
FY17 |
FY18 |
F19 |
FY20 |
FY21 |
Changes related |
FY21 |
|
---|---|---|---|---|---|---|---|
Operating Revenue ($ in millions) |
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Net Undergraduate Tuition & Fees | 349 | 364 | 369 | 374 | 329 | (11) | 318 |
Net Graduate Tuition & Fees | 31 | 36 | 34 | 30 | 23 | 12 | 35 |
Other Tuition & Fees | 44 | 46 | 56 | 55 | 62 | (14) | 48 |
State Appropriation | 121 | 119 | 122 | 125 | 122 | 3 | 125 |
Facilities and Administrative Cost Recoveries | 36 | 37 | 40 | 41 | 28 | 9 | 37 |
Endowment Payout and Proceeds of Investment of Previous Surpluses | 69 | 71 | 75 | 72 | 68 | 0 | 68 |
Auxiliary Revenue | 119 | 127 | 130 | 90 | 127 | (64) | 63 |
Gifts for Operating | 31 | 29 | 28 | 24 | 19 | 6 | 25 |
Contracts & Grants | 142 | 145 | 165 | 176 | 117 | 40 | 157 |
Other & Entrepreneurial Revenue | 47 | 51 | 51 | 46 | 40 | (6) | 34 |
Total Operating Revenue | 989 | 1,025 | 1,070 | 1,033 | 935 | (24) | 911 |
Expenses |
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Faculty Salaries | 151 | 159 | 169 | 177 | 172 | 4 | 176 |
Salaried Staff Salaries | 151 | 162 | 173 | 185 | 187 | (11) | 176 |
Hourly Staff Salaries | 77 | 79 | 80 | 80 | 78 | (18) | 60 |
Adjunct Faculty & Other Contract Workers | 23 | 24 | 24 | 26 | 23 | 3 | 26 |
Graduate Student Salaries | 42 | 45 | 50 | 51 | 46 | 5 | 51 |
Benefits | 167 | 175 | 184 | 192 | 196 | (10) | 186 |
Travel | 27 | 29 | 31 | 25 | 5 | 1 | 6 |
Supplies & Expenses | 130 | 145 | 176 | 149 | 179 | 49 | 228 |
Plant Maintenance & Operations | 81 | 86 | 89 | 82 | 78 | 4 | 82 |
Research Subcontracts | 24 | 25 | 26 | 35 | 25 | 6 | 31 |
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 | 1 | 1,036 |
Operating surplus**/(deficit) | 78 | 57 | 27 | (17) | (100) | (26) | (126) |
**Surplus is reinvested in polled investment portfolio
Capital Funding & Expenditures
FY17 |
FY18 |
F19 |
FY20 |
FY21 |
Changes related |
FY21 |
|
---|---|---|---|---|---|---|---|
Capital Funding ($ in millions) |
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Gifts for Capital | 2 | 3 | 11 | 9 | 28 | (14) | 14 |
Bond Proceeds | 39 | 48 | 97 | 13 | 19 | (14) | 5 |
State Bond Bill Appropriation | 6 | 1 | - | 1 | 20 | (1) | 19 |
Other Capital Funding | - | - | 1 | 10 | - | - | - |
Total Capital Funding | 47 | 52 | 109 | 33 | 67 | (28) | 39 |
Capital Expenditures |
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Deferred Maintenance, budget | 18 | 36 | 36 | 36 | 18 | (9) | 9 |
Capital Projects | 64 | 56 | 143 | 137 | 119 | (25) | 94 |
Total Capital Expenditures | 82 | 92 | 179 | 173 | 137 | (34) | 103 |
Capital Activities Funded by Operations and Operating Investments | 35 | 40 | 70 | 140 | 70 | (6) | 64 |
Endowment & Pooled Investment Portfolio
FY17 |
FY18 |
F19 |
FY20 |
FY21 |
Changes related |
FY21 |
|
---|---|---|---|---|---|---|---|
Financial Resources: ($ in millions) |
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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 | (20) | 33 |
Total Operating Investments | 606 | 652 | 536 | 522 | 348 | (20) | 328 |
Unspent Bond Proceeds for Capital | 21 | 176 | 191 | 67 | 48 | - | 48 |
Total Operating Investments and Unspent Bond Proceeds | 627 | 828 | 727 | 589 | 396 | (20) | 376 |
Change | 14 | 201 | (101) | (138) | (193) | (20) | (213) |
Endowment Funds Market Value, Net | 1,290 | 1,336 | 1,387 | 1,376 | 1,376 | - | 1,376 |
Long-Term Liabilities: |
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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 | (24) | 911 |
Total Operating Expense | 911 | 968 | 1,043 | 1,050 | 1,035 | 1 | 1,036 |
Operating Surplus/(Deficit) | 78 | 57 | 27 | (17) | (100) | (26) | (126) |
Capital Activities | |||||||
Total Capital Funding | 47 | 52 | 109 | 33 | 67 | (28) | 39 |
Total Capital Expenditures | 82 | 92 | 179 | 173 | 137 | (34) | 103 |
Capital Activities Funded by Operations and Operating Investments | 35 | 40 | 70 | 140 | 70 | (6) | 64 |
Change in Fund Balance from Operating and Capital Activities | 43 | 17 | (43) | (157) | (170) | (20) | (190) |
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) | (20) | (213) |
FY21 Budgeted Revenue
Number of Endowment Accounts by Purpose
FY21 Budgeted Expenses
Fall 2020 Enrollment |
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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% |