Michigan Tech Strategic Plan

Section 245

Section A: Annual Operating Budget

FY2018-2019 General Fund Budget
Operating Revenues
Tuition and Fees $144,211,534
Federal Grants and Contracts $150,000
Indirect Cost Recoveries $13,226,000
Educational Activities/Misc. Revenues $311,852
Total Operating Revenues $157,899,386
Operating Expenses
Staff S&W ($42,382,320)
Faculty S&W ($48,833,158)
Grad Student S&W ($4,881,036)
Undergrad Student S&W ($1,008,832)
Fringe Benefits ($36,073,270)
Supplies & Services ($15,867,149)
Scholarships ($46,303,183)
Utilities ($3,895,584)
Carryforward/Contingency Reserve ($4,800,000)
Total Operating Expenses ($204,044,533)
Transfers
Mandatory/Non-Mandatory ($9,175,207)
Total Transfers ($9,175,207)
Nonoperating Revenues (Expenses)
State Appropriations $49,990,814
Gift Income $4,529,540
Investment Income $800,000
Total Nonoperating Revenues (Expenses) $55,320,354
 
Net Income (Loss) $0

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures

FY2016-17 General fund personnel expenditures graph showing $88,447,918 in earnings and wages, $19,702,981 in employee benefit costs, $5,433,450 in retirement benefits MPSERS, $5,465,681 in retirement benefits TIAA-CREF and Fidelity, and $2,210,876 in other benefit costs.

General Fund Expenditures

Fiscal year 2016-17 general fund expenditures graph showing $62,395,048 in instruction, $16,968,341 in research, $1,431,055 in public service, $21,815,394 in academic support, $7,496,121 in student service, $20,983,359 in institution support, $13,589,510 in plant operation and maintenance, $38,117,134 in financial aid, $1,875,159 in mandatory transfers, and $10,117,538 in non-mandatory transfers.

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
  • Delta College
  • Kalamazoo Valley Community College
  • Northwestern Michigan College

Part 2 Metrics

Students
Metric 2014-15 2015-16 2016-17 2017-18
Enrollment
Undergraduate 5,658 5,697 5,811 5,890
Graduate 1,441 1,521 1,441 1,402
Total 7,099 7,218 7,252 7,292
Student Retention Rate 85.1 87.1 82.8 83.2
Six-Year Graduation Rate 64.3 64.6 66.8 66.5
Number of PELL Grant Recipients 1,426 1,401 1,348 -
Graduating PELL Grant Recipients 432 361 368 -
Geographic Origin of Students
Student Type 2014-15 2015-16 2016-17 2017-18
Undergraduate
In-State 4,160 4,216 4,344 4,469
Out-of-State 1,232 1,242 1,281 1,279
International 266 239 186 142
Graduate
In-State 359 354 323 325
Out-of-State 255 245 243 224
International 827 922 875 853
Total
In-State 4,519 4,570 4,667 4,794
Out-of-State 1,487 1,487 1,524 1,503
International 1,093 1,161 1,061  995
Teaching
Metric 2014-15 2015-16 2016-17 2017-18
Faculty-to-Student and Employee-to-Student Ratios
Faculty-to-Student 1:13 1:12 1:12 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
Type 2014-15 2015-16 2016-17 2017-18
Student Success & Progress Graduation Rate 71.1 73.6 75.0 -
Overall Placement Rate 93.1 93.2 92.0 -
Continuing Education (e.g., Graduate School) 15.2 17.6 13.0 -
Employment 76.4 72.5 76.5 -
Military Service 1.2 1.2 1.3 -
Volunteer Activity/Other (e.g., Peace Corps) 0.3 0.4 0.7 -
Survey Response Rate 73.2% 73.4% 73.6% -
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 Michigan Association of State Universities' Institutional Research and Planning Directors Committee.

Section I

Programs Providing Opportunities for College Credit

Capital Outlay

Use and Finance Report