Michigan Tech Dashboard

Section 245

Section A: Annual Operating Budget

FY 2014-15 General Fund Budget
Operating Revenues
    Tuition and Fees $120,120,671
    Federal Grants and Contracts $150,000
    Indirect Cost Recoveries $12,426,000
    Educational Activities/Misc. Revenues $507,000
    Total Operating Revenues $133,203,671
Operating Expenses
    Staff S&W ($30,619,628)
    Faculty S&W ($44,659,673)
    Grad Student S&W ($4,029,585)
    Undergrad Student S&W ($886,180)
    Fringe Benefits ($27,476,945)
    Supplies & Services ($15,946,495)
    Scholarships ($36,133,350)
    Utilities ($4,420,950)
    Carryforward/Contingency Reserve ($4,000,000)
    Total Operating Expenses ($168,172,806)
Transfers
    Mandatory/Non-Mandatory ($11,989,525)
    Total Transfers ($11,989,525)
Nonoperating Revenues (Expenses)
    State Appropriations $46,308,660
    Gift Income $650,000
    Total Nonoperating Revenues (Expenses) $46,958,660
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, will be evaluated in accordance with the University's transfer credit policy (http://www.admin.mtu.edu/usenate/policies/p307-1.htm) to determine how those courses apply to the degree requirements.

Section H

Community Colleges with Reverse Transfer Agreements

Gogebic Community College
Bay de Noc Community College
Northwestern Michigan College

Part 2 Metrics

Students

Students 2010-11 2011-12 2012-13 2013-14
Enrollment        
    Undergraduate 5,715 5,719 5,611 5,617
    Graduate 1,256 1,303 1,322 1,358
    Total 6,971 7,022 6,933 6,975
Student Retention Rate 80.9 83.4 83.3 82.2
Six-Year Graduation Rate 65.7 65.5 66.3 65.8
Number of PELL Grant Recipients 1,576 1,510 1,498  
Graduating PELL Grant Recipients 347 414 397  

Geographic Origin of Students

Geographic Origin of Students 2010-11 2011-12 2012-13 2013-14
Undergraduate        
    In-State 4,163 4,143 4,057 4,062
    Out-of-State 1,124 1,162 1,194 1,239
    International 428 414 360 316
Graduate        
    In-State 425 428 393 342
    Out-of-State 268 266 265 267
    International 563 609 664 749
Total        
    In-State 4,588 4,571 4,450 4,404
    Out-of-State 1,392 1,428 1,459 1,506
    International 991 1,023 1,024 1,065

Teaching

Teaching 2010-11 2011-12 2012-13 2013-14
Faculty-to-Student and Employee-to-Student Ratios        
    Faculty-to-Student 1:14 1:13 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

Graduation Outcome Rates 2010-11 2011-12 2012-13 2013-14
Student Success & Progress Graduation Rate 72.4 72.8 73.4 70.6
Overall Placement Rate 94.6 91.9 92.3  
Continuing Education (e.g., Graduate School) 18.2 14.5 16.8  
Employment 73.2 75.5 73.7  
Military Service 2.8 1.2 1.8  
Volunteer Activity (e.g., Peace Corps) 0.7 0.7 0.1  
Survey Response Rate 69.2% 73.4% 75.7%  
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