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 2017-2021 with budgeted and projected results for fiscal year 2022 and budgeted results for fiscal year 2023. The fiscal year 2022 projection was developed using actual Fall 2021 and Spring 2022 enrollments and student aid.

Overall Financial Summary

 

 

FY17

FY18

FY19

FY20

FY21

FY22 Budget 

FY22
Projection
April 2022

FY23
Budget
4200 incoming class; 3% tuition rate increase

Financial Resources
($ in millions)
               
Total Operating Investments  606

652 536 519 554 526 544  520 
Unspent Bond Proceeds for Capital 21 176 191 67 62 50 57
Total Operating Investments and Unspent Bond Proceeds 627 828 727 586 616 576 601  525 
Change 14 201 (101) (141) 30 (40) (15)  (76) 
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,864 1,864 1,864 TBD
 
Long-Term Liabilities: 1,074 1,231 1,225 1,279 1,279 1,267 1,267 TBD

Operating Statement of Activities, All Funds Basis
 

Operating Revenue
               
Total Operating Revenue 989 1,025 1,070 1,033 996 1,103 1,121 1,151 
Total Operating Expense 911 968 1,043 1,050 972 1,100 1,095 1,146 
Operating Surplus/(Deficit) 78 57 27 (17) 24 3 26 

Capital Activities
               
Total Capital Funding 47 52 109 33 31 62 54  103
Total Capital Expenditures 82 92 179 173 74 75 45  133 
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (43) (13) (30)
                 
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (19) (10) 35  (25) 
Accrual/Prepaid Differences (46) (22) (64) 20 (24) (30) (30) (51)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio 17 7 6 (4) 73 - (20) -
2018 Bond Proceeds - 199 - - - - - -
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements 14 201 (101) (141) 30 (40) (15)  (76) 
 

Operating Revenue & Expenses

 

 

 

FY17

FY18

FY19

FY20

FY21

FY22 Budget 

FY22
Projection
April 2022  

FY23
Budget 
4200 incoming class;
3% tuition rate increase
  

Operating Revenue ($ in millions)

Net Undergraduate Tuition & Fees 349 364 369 374 337 368 337 343
Net Graduate Tuition & Fees 31 36 34 30 30 32 31 32
Other Tuition & Fees  44 46 56 55 50 79 65  77
State Appropriation 121 119 122 125 125 126 129 129 
Facilities and Administrative Cost Recoveries 36 37 40 41 44 44 52  55 
Endowment Payout and Proceeds of Investment of Previous Surpluses 69 71 75 72 69 71 73 80
Auxiliary Revenue 119 127 130 90 50 126 119 125 
Gifts for Operating 31 29 28 24 29 33 29  34 
Contracts & Grants 142 145 165 171 181 174 225  225 
HEERF relief reimbursements       5 46   16
Other & Entrepreneurial Revenue 47 51 51 46 35 50 45  50 
Total Operating Revenue 989 1,025 1,070 1,033 996 1,103 1,121 1,151 

Expenses

Faculty Salaries 151 159 169 177 178 177 176 186 
Salaried Staff Salaries 151 162 173 185 184 192 189 190 
Hourly Staff Salaries 77 79 80 80 65 73 70 81 
Adjunct Faculty & Other Contract Workers 23 24 24 26 21 27 24 29 
Graduate Student Salaries 42 45 50 51 52 51 56 56 
Benefits 167 175 184 192 190 204 193  196 
Travel 27 29 31 25 3 25 13  25 
Supplies, Materials and Other 130 145 176 149 121 181 206  212 
Plant Maintenance & Operations  81 86 89 82 72 83 90  87 
Research Subcontracts 24 25 26 35 38 42 37  43 
Debt Service 38 39 41 48 48 45 41 42 
Total Operating Expenses 911 968 1,043 1,050 972 1,100 1,095 1,146 
Operating surplus**/(deficit) 78 57 27 (17) 24 3 26 

 

**Surplus is reinvested in pooled investment portfolio 

Capital Funding & Expenditures

 

 

 

FY17

FY18

FY19

FY20

FY21

FY22 Budget 

FY22 Projection

April 2022

FY23
Budget 

4200 incoming class; 3% tuition rate increase

Capital Funding ($ in millions)

Gifts for Capital 2 3 11 9 15 19 24 20 
Bond Proceeds 39 48 97 13 4 12 52
State Bond Bill Appropriation 6 1 - 1 3 27 15  14 
Other Capital Funding - - 1 10 9 4 10  18 
Total Capital Funding 47 52 109 33 31 62 54  103 

Capital Expenditures

Deferred Maintenance, budget 18 36 36 36 9 18 18 18
Capital Projects 64 56 143 137 65 57 27  115 
Total Capital Expenditures 82 92 179 173 74 75 45  133 
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (43) (13) (30) 

Endowment & Pooled Investment Portfolio

 

 

FY17

FY18

FY19

FY20

FY21

FY22 Budget 

FY22
Projection
April 2022

FY23
Budget
4200 incoming class; 3% tuition rate increase

Financial Resources: ($ in millions)

Cash and Cash Equivalents 51  85  111  130 125 125 135 111
Operating Investments-Bond Portfolio  312  317 177 162 151 123 151 151
Operating Investments in Pooled Portfolio 243 250 248 227 278 278 258 258 
Total Operating Investments  606 652 536 519 554 526 544 520 
Unspent Bond Proceeds for Capital  21  176 191 67 62 50 57
Total Operating Investments and Unspent Bond Proceeds 627 828 727 586 616 576 601  525 
Change 14  201 (101) (141) 30 (40) (15)  (76) 
Endowment Funds Market Value, Net 1,290 1,336 1,387 1,376 1,864 1,864 1,864 TBD
 

Long-Term Liabilities:

Long-term Debt and Capital Leases, Net 524 733 719 709 697 685 685 TBD
Postemployment Benefit Obligations  550 498 506 570 582 582 582 TBD 
Long-Term Liabilities  1,074 1,231 1,225 1,279 1,267 1,267 1,267 TBD
Operating Statement of Activities, All Funds Basis                
Total Operating Revenue 989 1,025 1,070 1,033 996 1,103 1,121 1,151 
Total Operating Expense 911 968 1,043 1,050 972 1,100 1,095 1,146 
Operating Surplus/(Deficit) 78 57 27 (17) 24 3 26  5
Capital Activities                
Total Capital Funding 47 52 109 33 31 62 54  103 
Total Capital Expenditures 82 92 179 173 74 75 45  133 
Capital Activities Funded by Operations and Operating Investments (35) (40) (70) (140) (43) (13) (30) 
Change in Fund Balance from Operating and Capital Activities 43 17 (43) (157) (19) (10) 35  (25)
Accrual/Prepaid Differences (46) (22) (64) 20 (24) (30) (30) (51)
Appreciation/(Depreciation) Operating Investments in Pooled Portfolio 17 7 6 (4) 73 - (20)
2018 Bond Proceeds - 199 - - - - -
Change in Operating Investments and Unspent Bond Proceeds per Audited Financial Statements 14 201 (101) (141) 30 (40) (15) (76) 

Higher Education Emergency Relief Funding

 

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 HEERF Act – Governors Relief Fund   $32.5M $32.5M
FY21 Total   $6.1M $44.4M $50.5M
         
FY22 American Rescue Plan Act* $16.1M $16.1M $32.2M
FY22 ARPA/State and Local Fiscal Recovery Fund**   $10.0M $10.0M
FY22 CARES Act - Governors Relief Fund***   $6.9M $6.9M
FY22 Total   $16.1M $33.0M $49.1M
Grand Total   $28.3M $83.5M $111.8M

* American Rescue Plan Act Student Aid & Institutional Aid awarded in FY21, however Student Aid disbursements & recognition of institutional aid is expected in FY22

** American Rescue Plan Act/State and Local Fiscal Recovery Fund total award is $41M disbursed as follows: FY22 - $10M, FY23 - $15M and FY24 - $16M.  Awarded funds to go towards the construction expenses of Building X.

*** FY22 CARES Act - Governors Relief Fund awarded after FY22 April projection

FY23 Budgeted Revenue

FY22 Budgeted Revenue

FY23 Budgeted Expenses

FY22 Budgeted Expenses

Fall 2021 Enrollment

Type of students Number of students

Undergraduate

18,707

Associate in Arts

739

Graduate

4,586

Professional & Continuing Ed.

703

UD Financial Profile website last updated: May 18, 2022