Michigan Tech Dashboard

Section 245

Section A: Annual Operating Budget

FY 2016-17 General Fund Budget
Operating Revenues
    Tuition and Fees $133,726,557
    Federal Grants and Contracts $150,000
    Indirect Cost Recoveries $12,426,000
    Educational Activities/Misc. Revenues $118,000
    Total Operating Revenues $146,420,577
Operating Expenses
    Staff S&W ($36,657,417)
    Faculty S&W ($47,601,967)
    Grad Student S&W ($4,421,310)
    Undergrad Student S&W ($1,008,187)
    Fringe Benefits ($32,447,269)
    Supplies & Services ($17,568,191)
    Scholarships ($38,323,201)
    Utilities ($4,072,792)
    Carryforward/Contingency Reserve ($4,800,000)
    Total Operating Expenses ($186,900,333)
Transfers
    Mandatory/Non-Mandatory ($13,157,444)
    Total Transfers ($13,157,444)
Nonoperating Revenues (Expenses)
    State Appropriations $48,854,700
    Gift Income $4,527,500
    Investment Income $255,000
    Total Nonoperating Revenues (Expenses) $53,637,200
Net Income (Loss) $0

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures

General Fund Expenditures

Section C: Important Links

Section D

Positions Funded Partially or Wholly through the General Fund

Section E

General Fund Revenue and Expenditure Projections

Section F

Debt Service Obligations

Section G

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 H

Community Colleges with Reverse Transfer Agreements

Gogebic Community College
Bay de Noc Community College
Kalamazoo Valley Community College
Northwestern Michigan College

Part 2 Metrics

Students

Students 2012-13 2013-14 2014-15 2015-16
Enrollment        
    Undergraduate 5,611 5,617 5,658 5,697
    Graduate 1,322 1,358 1,441 1,521
    Total 6,933 6,975 7,099 7,218
Student Retention Rate 83.3 82.2 85.1 87.1
Six-Year Graduation Rate 66.3 65.8 64.3 64.6
Number of PELL Grant Recipients 1,498 1,437

1,426

 
Graduating PELL Grant Recipients 397 384 432  

Geographic Origin of Students

Geographic Origin of Students 2012-13 2013-14 2014-15 2015-16
Undergraduate        
    In-State 4,057 4,062 4,160 4,216
    Out-of-State 1,194 1,239 1,232 1,242
    International 360 316 266 239
Graduate        
    In-State 393 342 359 354
    Out-of-State 265 267 255 245
    International 664 749 827 922
Total        
    In-State 4,450 4,404 4,519 4,570
    Out-of-State 1,459 1,506 1,487 1,487
    International 1,024 1,065 1,093 1,161

Teaching

Teaching 2012-13 2013-14 2014-15 2015-16
Faculty-to-Student and Employee-to-Student Ratios        
    Faculty-to-Student 1:12 1:13 1:13 1:12
    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

Graduation Outcome Rates 2012-13 2013-14 2014-15 2015-16
Student Success & Progress Graduation Rate 73.4 70.6 71.1 73.6
Overall Placement Rate 92.3 94.4 93.1  
Continuing Education (e.g., Graduate School) 16.8 14.7 15.2  
Employment 73.7 76.7 76.4  
Military Service 1.8 1.6 1.2  
Volunteer Activity/Other (e.g., Peace Corps) 0.1 1.3 0.3  
Survey Response Rate 75.7% 71.2% 73.2%  
Many of the Michigan public universities do not routinely and systematically survey all their graduating seniors to gather data for a reliable response to this metric. At present there is no common core set of questions and no consistent date for survey administration. Depending on the institution and the timing, response rates may vary. While institutions are making an effort to report the data that is available to them, care should be taken in interpreting the results.
Note: All data prepared in accordance with definitions provided by the Presidents Council's Analytical Studies Committee.

Section I

Programs Providing Opportunities for College Credit

Capital Outlay

Use and Finance Report