Section 245 | Strategic Plan | Michigan Technological University

Section A: Annual Operating Budget

FY2020-2021 General Fund Budget
Operating Revenues
Tuition and Fees	$131,211,217
Federal Grants and Contracts	$2,450,000
Indirect Cost Recoveries	$15,226,000
Educational Activities/Misc. Revenues	$327,890
Total Operating Revenues	$149,215,107
Operating Expenses
Staff S&W	($38,993,336)
Faculty S&W	($43,687,516)
Grad Student S&W	($4,361,247)
Undergrad Student S&W	($1,095,668)
Fringe Benefits	($33,909,601)
Supplies and Services	($13,444,847)
Scholarships	($45,357,802)
Utilities	($4,205,275)
Carryforward/Contingency Reserve	($5,000,000)
Total Operating Expenses	($190,055,290)
Transfers
Mandatory/Non-Mandatory	($12,945,527)
Total Transfers	($12,945,527)
Nonoperating Revenues (Expenses)
State Appropriations	$49,856,633
Gift Income	$3,129,077
Investment Income	$800,000
Total Nonoperating Revenues (Expenses)	$53,785,710

Net Income (Loss)	$0

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures

FY2018-19 General fund personnel expenditures graph showing $93,636,545 in earnings and wages, $19,047,937 in employee benefit costs, $5,719,265 in retirement benefits MPSERS, $6,239,869 in retirement benefits TIAA-CREF and Fidelity, and $2,822,094 in other benefit costs.

General Fund Expenditures

Fiscal year 2018-19 general fund expenditures graph showing $64,454,546 in instruction, $17,386,025 in research, $1,668,059 in public service, $22,950,330 in academic support, $9,196,086 in student service, $22,096,797 in institution support, $12,464,461 in plant operation and maintenance, $43,075,873 in financial aid, $2,499,945 in mandatory transfers, and $12,191,686 in non-mandatory transfers.

Section C: Important Links

Ci: Collective Bargaining Agreement
Cii: Health Care Benefits Plan
Ciii: Audits and Financial Reports
Civ: Campus Security Policies and Crime Statistics

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

	2016-17	2017-18	2018-19	2019-20
Undergraduate Enrollment	5,811	5,890	5,797	5,750
Graduate Enrollment	1,441	1,402	1,375	1,277
Total Enrollment	7,252	7,292	7,172	7,027
Student Retention Rate	82.8	83.2	83.6	83.5
Six-Year Graduation Rate	66.8	66.5	68.4	69.5
Number of PELL Grant Recipients	1,348	1,491	1,341	-
Graduating PELL Grant Recipients	368	386	413	-

Geographic Origin of Students

Undergraduate Students

	2016-17	2017-18	2018-19	2019-20
In-State	4,344	4,469	4,407	4,432
Out-of-State	1,281	1,279	1,277	1,224
International	186	142	113	94

Graduate Students

	2016-17	2017-18	2018-19	2019-20
In-State	323	325	366	382
Out-of-State	243	224	216	210
International	875	853	793	685

Total Students

	2016-17	2017-18	2018-19	2019-20
In-State	4,667	4,794	4,773	4,814
Out-of-State	1,524	1,503	1,493	1,434
International	1,061	995	906	779

Teaching

Faculty-to-Student and Employee-to-Student Ratios

	2016-17	2017-18	2018-19	2019-20
Faculty-to-Student	1:12	1:13	1:13	1:12
Employee-to-Student	1:5	1:5	1:5	1:4

Teaching Loads by Faculty Classification

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

Graduation Outcome Rates

	2015-16	2016-17	2017-18	2018-19
Student Success and Progress Graduation Rate	73.6	75.0	76.0	78.0
Overall Placement Rate	93.2	92.0	93.0	97.0
Continuing Education (e.g., Graduate School)	17.6	13.0	13.3	14.3
Employment	72.5	76.5	78.2	81.4
Military Service	1.2	1.3	1.3	1.2
Volunteer Activity/Other (e.g., Peace Corps)	0.4	0.7	0.1	0.3
Survey Response Rate	73.4%	73.6%	68.0%	67.4%
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

	2019-2020
Number	4,607
Percent	75%

Graduate Students

	2019-2020
Number	229
Percent	14%

Capital Outlay

Use and Finance Report

Campus Safety Transparency Reporting

Campus Safety Information