Section A: Annual Operating Budget
FY2024-2025 General Fund Budget
| Operating Revenues |
| Student Tuition and Fees |
$183,250,075 |
| Federal Grants and Contracts |
$40,000 |
| Indirect Cost Recoveries |
$16,850,000 |
| Educational Activities |
$485,728 |
| Total Operating Revenues |
$200,625,803 |
| Operating Expenses |
| Salaries & Wages—Faculty & Staff |
($98,464,494) |
| Salaries & Wages—Graduate Students |
($5,330,128) |
| Salaries & Wages—Undergrad Students |
($1,262,787) |
| Fringe Benefits |
($38,621,032) |
| Supplies & Services |
($17,906,120) |
| Financial Aid Scholarships & Fellowships |
($70,725,955) |
| Utilities |
($3,938,170) |
| Contingency/Carryforward Reserve |
($5,000,000) |
| Total Operating Expenses |
($241,248,686) |
| Transfers |
| Mandatory/Non-Mandatory |
($19,244,262) |
| Total Transfers |
($19,244,262) |
| Nonoperating Revenues (Expenses) |
| State Appropriations, Operating |
$55,888,843 |
| Gift Income |
$3,178,302 |
| Investment Income (Loss) |
$800,000 |
| Total Nonoperating Revenues (Expenses) |
$59,867,145 |
| |
| Net Income (Loss) |
$- |
Section B: Summary of Current Expenditures
General Fund Personnel Expenditures 2022-2023
- Earnings and Wages: $93,610,941
- Employee Benefit Costs: $23,429,867
- Other Benefit Costs: $3,401,546
- Retirement Benefits-MPSERS: $38,211,162
- Retirement Benefits-TIAA-CREF/Fidelity: $7,043,643
General Fund Expenditures 2022-2023
- Instruction: $68,314,183
- Research: $20,428,107
- Public Service: $1,662,928
- Academic Support: $23,934,317
- Student Service: $10,899,420
- Institution Support: $21,730,109
- Plant Op and Maintenance: $12,264,152
- Financial Aid: $58,075,290
- Mandatory Transfers: $3,151,954
- Non-Mandatory Transfers: $16,686,148
Section C: Important Links
Section D
General Fund Revenue and Expenditure Projections
Section E
Debt Service Obligations
Section F
Core Community College Course Transferability Policy
The established core courses, as defined by the Michigan Transfer Agreement (MTA),
will be evaluated in accordance with the University's transfer credit policy and will be used to satisfy a portion of the general education requirements. For
more information, please see the Michigan Transfer Agreement page.
Section G
Community Colleges with Reverse Transfer Agreements
- Gogebic Community College
- Bay de Noc Community College
- Delta College
- Kalamazoo Valley Community College
- Northwestern Michigan College
Section H—Metrics
Students
| |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
| Undergraduate Enrollment |
5,640 |
5,777 |
5,699 |
5,892 |
| Graduate Enrollment |
1,233 |
1,231 |
1,364 |
1,421 |
| Total Enrollment |
6,873 |
7,008 |
7,063 |
7,313 |
| Student Retention Rate |
85.8 |
84.7 |
85.0 |
87.7 |
| Six-Year Graduation Rate |
72.1 |
69.1 |
67.8 |
68.7 |
| Number of PELL Grant Recipients |
1,139 |
1,111 |
1,039 |
- |
| Graduating PELL Grant Recipients |
384 |
354 |
301 |
- |
Geographic Origin of Students
Undergraduate Students
| |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
| In-State |
4,384 |
4,487 |
4,420 |
4,508 |
| Out-of-State |
1,197 |
1,237 |
1,233 |
1,330 |
| International |
59 |
53 |
46 |
54 |
Graduate Students
| |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
| In-State |
412 |
405 |
401 |
435 |
| Out-of-State |
260 |
266 |
283 |
286 |
| International |
561 |
560 |
680 |
700 |
Total Students
| |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
| In-State |
4,796 |
4,892 |
4,821 |
4,943 |
| Out-of-State |
1,457 |
1,503 |
1,516 |
1,616 |
| International |
620 |
613 |
726 |
754 |
Teaching
Faculty-to-Student and Employee-to-Student Ratios
| |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
| Faculty-to-Student |
1:13 |
1:13 |
1:13 |
1:13 |
| Employee-to-Student |
1:5 |
1:5 |
1:5 |
1:5 |
Teaching Loads by Faculty Classification
Full-time instructional faculty are required to teach 12 credits per semester.
Graduation Outcome Rates
| |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
| Student Success and Progress Graduation Rate |
79.0 |
77.0 |
76.0 |
77.0 |
| Career Outcomes Rate |
88.8 |
94.2 |
92.8 |
|
| Continuing Education (e.g., Graduate School) |
16.7 |
12.8 |
12.6 |
|
| Employment |
71.4 |
79.2 |
77.7 |
|
| Military Service |
0.5 |
0.9 |
2.4 |
|
| Volunteer Activity/Other (e.g., Peace Corps) |
0.1 |
0.9 |
- |
|
| Knowledge Rate |
82.4 |
76.6 |
66.1 |
|
| Note: All data prepared in accordance with definitions provided by the MASU IRPD Committee. |
Section I
Programs Providing Opportunities for College Credit
Section J—Free Application for Federal Student Aid
Undergraduate Students
| |
2022-2023 |
| Number |
4,506 |
| Percent |
76% |
Graduate Students
| |
2022-2023 |
| Number |
262 |
| Percent |
16% |
Capital Outlay
Campus Safety Transparency Reporting
