Section 245

Section A: Annual Operating Budget

FY 2013-14 General Fund Budget
Operating Revenues
    Tuition and Fees $114,665,517
    Federal Grants and Contracts $150,000
    Indirect Cost Recoveries $12,426,000
    Educational Activities/Misc. Revenues $317,000
    Total Operating Revenues $127,558,517
Operating Expenses
    Staff S&W ($29,071,709)
    Faculty S&W ($42,888,210)
    Grad Student S&W ($3,838,751)
    Undergrad Student S&W ($931,524)
    Fringe Benefits ($28,064,369)
    Supplies & Services ($15,370,611)
    Scholarships ($32,986,608)
    Utilities ($4,720,850)
    Carryforward/Contingency Reserve ($3,200,000)
    Strategic Realignment $504,586
    Total Operating Expenses ($160,568,046)
Transfers
    Mandatory/Non-Mandatory ($11,885,471)
    Total Transfers ($11,885,471)
Nonoperating Revenues (Expenses)
    State Appropriations $43,770,000
    Gift Income $1,125,000
    Total Nonoperating Revenues (Expenses) $44,895,000
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 core college courses have yet to be defined, so there is no University policy on their transferability at this time. Once defined, the core college courses will be evaluated in accordance with the University's transfer credit policy (http://www.admin.mtu.edu/usenate/policies/p307-1.htm), and it will be determined at that time where those courses fit into the degree requirements for all majors.

Section H

Community Colleges with Reverse Transfer Agreements

Gogebic Community College
Bay de Noc Community College
Northwestern Michigan College

Part 2 Metrics

Students

Students 2009-10 2010-11 2011-12 2012-13
Enrollment        
    Undergraduate 5,930 5,715 5,719 5,611
    Graduate 1,206 1,256 1,303 1,322
    Total 7,136 6,971 7,022 6,933
Student Retention Rate 82.5 80.9 83.4 83.3
Six-Year Graduation Rate 65.7 65.7 65.5 66.3
Number of PELL Grant Recipients 1,427 1,576 1,510  
Graduating PELL Grant Recipients 393 347 414  

Geographic Origin of Students

Geographic Origin of Students 2009-10 2010-11 2011-12 2012-13
Undergraduate        
    In-State 4,318 4,163 4,143 4,057
    Out-of-State 1,216 1,124 1,162 1,194
    International 396 428 414 360
Graduate        
    In-State 465 425 428 393
    Out-of-State 245 268 266 265
    International 496 563 609 664
Total        
    In-State 4,783 4,588 4,571 4,450
    Out-of-State 1,461 1,392 1,428 1,459
    International 892 991 1,023 1,024

Teaching

Teaching 2009-10 2010-11 2011-12 2012-13
Faculty-to-Student and Employee-to-Student Ratios        
    Faculty-to-Student 1:14 1:14 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 2009-10 2010-11 2011-12 2012-13
Student Success & Progress Graduation Rate 75.3 72.4 72.8 73.4
Overall Placement Rate 86.3 94.6 91.9  
Continuing Education (e.g., Graduate School) 19.7 18.2 14.5  
Employment 63.8 73.2 75.5  
Military Service 2.1 2.8 1.2  
Volunteer Activity (e.g., Peace Corps) 0.8 0.7 0.7  
Survey Response Rate 63.2% 69.2% 73.4%  
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.

Capital Outlay

Use and Finance Report - June 2013
Michigan Technological University is an equal opportunity educational institution/equal opportunity employer

Michigan Technological University

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Houghton, Michigan 49931-1295
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