Section 245

Section A: Annual Operating Budget

FY2022-2023 General Fund Budget
Operating Revenues
Tuition and Fees $160,872,103
Federal Grants and Contracts $40,000
Indirect Cost Recoveries $16,700,000
Educational Activities/Misc. Revenues $315,000
Total Operating Revenues $177,927,103
Operating Expenses
Staff S&W ($40,747,168)
Faculty S&W ($50,635,632)
Grad Student S&W ($4,954,462)
Undergrad Student S&W ($938,068)
Fringe Benefits ($40,429,407)
Supplies and Services ($14,383,342)
Financial Aid Scholarships and Fellowships ($59,750,657)
Utilities ($4,127,048)
Contingency/Carryforward Reserve ($5,000,000)
Total Operating Expenses ($220,965,782)
Transfers
Mandatory/Non-Mandatory ($13,491,592)
Total Transfers ($13,491,592)
Nonoperating Revenues (Expenses)
State Appropriations $52,319,195
Gift Income $3,411,077
Investment Income $800,000
Total Nonoperating Revenues (Expenses) $56,530,272
 
Net Income (Loss) $-

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures 2020-2021

FY2020-21 General fund personnel expenditures pie chart.

  • Earnings and Wages: $88,815,806
  • Employee Benefit Costs: $20,602,101
  • Other Benefit Costs: $3,395,162
  • Retirement Benefits-MPSERS: $5,189,904
  • Retirement Benefits-TIAA-CREF/Fidelity: $5,831,425

General Fund Expenditures 2020-2021

Fiscal year 2020-21 general fund expenditures pie chart.

  • Instruction: $62,896,077
  • Research: $18,601,729
  • Public Service: $1,347,977
  • Academic Support: $20,981,962
  • Student Service: $8,861,568
  • Institution Support: $19,053,041
  • Plant Op and Maintenance: $10,706,709
  • Financial Aid: $47,192,352
  • Mandatory Transfers: $2,478,328
  • Non-Mandatory Transfers: $17,955,076

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

  2018-19 2019-20 2020-21 2021-22
Undergraduate Enrollment 5,797 5,750 5,640 5,777
Graduate Enrollment 1,375 1,277 1,233 1,231
Total Enrollment 7,172 7,027 6,873 7,008
Student Retention Rate 83.6 83.5 85.8 84.7
Six-Year Graduation Rate 68.4 69.5 72.1 69.1
Number of PELL Grant Recipients 1,341 1,252 1,139 -
Graduating PELL Grant Recipients 413 395 384 -

Geographic Origin of Students

Undergraduate Students
  2018-19 2019-20 2020-21 2021-22
In-State 4,407 4,432 4,384 4,487
Out-of-State 1,277 1,224 1,197 1,237
International 113 94 59 53
Graduate Students
  2018-19 2019-20 2020-21 2021-22
In-State 366 382 412 405
Out-of-State 216 210 260 266
International 793 685 561 560
Total Students
  2018-19 2019-20 2020-21 2021-22
In-State 4,773 4,814 4,796 4,892
Out-of-State 1,493 1,434 1,457 1,503
International 906 779 620 613

Teaching

Faculty-to-Student and Employee-to-Student Ratios
  2018-19 2019-20 2020-21 2021-22
Faculty-to-Student 1:13 1:12 1:13 1:13
Employee-to-Student 1:5 1:4 1:5 1:5
Teaching Loads by Faculty Classification

Full-time instructional faculty are required to teach 12 credits per semester.

Graduation Outcome Rates

  2017-18 2018-19 2019-20 2020-21
Student Success and Progress Graduation Rate 76.0 78.0 79.0 77.0
Overall Placement Rate 93.0 97.0 90.1 94.5
Continuing Education (e.g., Graduate School) 13.3 14.3 17.8 13.0
Employment 78.2 81.4 71.4 79.8
Military Service 1.3 1.2 0.7 1.0
Volunteer Activity/Other (e.g., Peace Corps) 0.1 0.3 0.1 0.2
Survey Response Rate 68.0% 67.4% 79.8% 75.1%
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

Free Application for Federal Student Aid

Undergraduate Students

  2020-2021
Number 4,419
Percent 79%

Graduate Students

  2020-2021
Number 219
Percent 17%

Capital Outlay

Campus Safety Transparency Reporting

Campus Safety Information