Section 241

Section A: Annual Operating Budget

FY2023-2024 General Fund Budget
Operating Revenues
Student Tuition and Fees $169,982,526
Federal Grants and Contracts $40,000
Indirect Cost Recoveries $16,850,000
Educational Activities $485,728
Total Operating Revenues $187,358,254
Operating Expenses
Salaries & Wages—Staff ($42,117,508)
Salaries & Wages—Faculty ($51,309,259)
Salaries & Wages—Graduate Students ($5,107,346)
Salaries & Wages—Undergrad Students ($1,262,787)
Fringe Benefits ($37,876,190)
Supplies & Services ($18,063,979)
Scholarships & Fellowships ($62,779,096)
Utilities ($3,938,170)
Contingency/Carryforward Reserve ($5,000,000)
Total Operating Expenses ($227,454,334)
Transfers
Mandatory/Non-Mandatory ($18,144,262)
Total Transfers ($18,144,262)
Nonoperating Revenues (Expenses)
State Appropriations, Operating $54,029,040
Gift Income $3,411,302
Investment Income (Loss) $800,000
Total Nonoperating Revenues (Expenses) $58,240,342
 
Net Income (Loss) $-

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures 2021-2022

FY2020-21 General fund personnel expenditures pie chart, described in following text.

  • Earnings and Wages: $90,983,360
  • Employee Benefit Costs: $22,049,783
  • Other Benefit Costs: $3,027,918
  • Retirement Benefits-MPSERS: $6,067,089
  • Retirement Benefits-TIAA-CREF/Fidelity: $6,406,603

General Fund Expenditures 2021-2022

Fiscal year 2020-21 general fund expenditures pie chart, described in following text.

  • Instruction: $65,826,208
  • Research: $19,422,075
  • Public Service: $1,704,325
  • Academic Support: $25,078,681
  • Student Service: $9,667,013
  • Institution Support: $19,821,875
  • Plant Op and Maintenance: $10,959,550
  • Financial Aid: $54,393,769
  • Mandatory Transfers: $2,742,002
  • Non-Mandatory Transfers: $15,512,718

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

  2019-20 2020-21 2021-22 2022-23
Undergraduate Enrollment 5,750 5,640 5,777 5,699
Graduate Enrollment 1,277 1,233 1,231 1,364
Total Enrollment 7,027 6,873 7,008 7,063
Student Retention Rate 83.5 85.8 84.7 85.0
Six-Year Graduation Rate 69.5 72.1 69.1 67.8
Number of PELL Grant Recipients 1,252 1,139 1,111 -
Graduating PELL Grant Recipients 395 384 354 -

Geographic Origin of Students

Undergraduate Students
  2019-20 2020-21 2021-22 2022-23
In-State 4,432 4,384 4,487 4,420
Out-of-State 1,224 1,197 1,237 1,233
International 94 59 53 46
Graduate Students
  2019-20 2020-21 2021-22 2022-23
In-State 382 412 405 401
Out-of-State 210 260 266 283
International 685 561 560 680
Total Students
  2019-20 2020-21 2021-22 2022-23
In-State 4,814 4,796 4,892 4,821
Out-of-State 1,434 1,457 1,503 1,516
International 779 620 613 726

Teaching

Faculty-to-Student and Employee-to-Student Ratios
  2019-20 2020-21 2021-22 2022-23
Faculty-to-Student 1:12 1:13 1:13 1:13
Employee-to-Student 1:4 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

  2018-19 2019-20 2020-21 2021-22
Student Success and Progress Graduation Rate 78.0 79.0 77.0 76.0
Overall Placement Rate 97.0 90.1 94.5 -
Continuing Education (e.g., Graduate School) 14.3 17.8 13.0 -
Employment 81.4 71.4 79.8 -
Military Service 1.2 0.7 1.0 -
Volunteer Activity/Other (e.g., Peace Corps) 0.3 0.1 0.2 -
Survey Response Rate 67.4% 79.8% 75.1% -
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

  2021-2022
Number 4,474
Percent 78%

Graduate Students

  2021-2022
Number 222
Percent 18%

Capital Outlay

Campus Safety Transparency Reporting

Campus Safety Information