Michigan Tech Strategic Plan

Section 245

Section A: Annual Operating Budget

FY2018-2019 General Fund Budget
Operating Revenues
Tuition and Fees $144,211,534
Federal Grants and Contracts $150,000
Indirect Cost Recoveries $13,226,000
Educational Activities/Misc. Revenues $311,852
Total Operating Revenues $157,899,386
Operating Expenses
Staff S&W ($42,382,320)
Faculty S&W ($48,833,158)
Grad Student S&W ($4,881,036)
Undergrad Student S&W ($1,008,832)
Fringe Benefits ($36,073,270)
Supplies & Services ($15,867,149)
Scholarships ($46,303,183)
Utilities ($3,895,584)
Carryforward/Contingency Reserve ($4,800,000)
Total Operating Expenses ($204,044,533)
Transfers
Mandatory/Non-Mandatory ($9,175,207)
Total Transfers ($9,175,207)
Nonoperating Revenues (Expenses)
State Appropriations $49,990,814
Gift Income $4,529,540
Investment Income $800,000
Total Nonoperating Revenues (Expenses) $55,320,354
 
Net Income (Loss) $0

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures

FY2017-18 General fund personnel expenditures graph showing $91,636,832 in earnings and wages, $20,718,258 in employee benefit costs, $5,930,835 in retirement benefits MPSERS, $6,090,109 in retirement benefits TIAA-CREF and Fidelity, and $1,805,351 in other benefit costs.

General Fund Expenditures

Fiscal year 2017-18 general fund expenditures graph showing $63,622,772 in instruction, $17,355,362 in research, $1,497,426 in public service, $23,517,556 in academic support, $8,679,503 in student service, $20,009,486 in institution support, $12,721,966 in plant operation and maintenance, $41,282,127 in financial aid, $3,346,915 in mandatory transfers, and $12,347,587 in non-mandatory transfers.

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

2015-16 2016-17 2017-18 2018-19
Undergraduate Enrollment 5,697 5,811 5,890 5,797
Graduate Enrollment 1,521 1,441 1,402 1,375
Total Enrollment 7,218 7,252 7,292 7,172
Student Retention Rate 87.1 82.8 83.2 83.6
Six-Year Graduation Rate 64.6 66.8 66.5 68.4
Number of PELL Grant Recipients 1,401 1,348 1,491 -
Graduating PELL Grant Recipients 361 368 386 -

Geographic Origin of Students

Undergraduate Students
2015-16 2016-17 2017-18 2018-19
In-State 4,216 4,344 4,469 4,407
Out-of-State 1,242 1,281 1,279 1,277
International 239 186 142 113
Graduate Students
2015-16 2016-17 2017-18 2018-19
In-State 354 323 325 366
Out-of-State 245 243 224 216
International 922 875 853 793
Total Students
2015-16 2016-17 2017-18 2018-19
In-State 4,570 4,667 4,794 4,773
Out-of-State 1,487 1,524 1,503 1,493
International 1,161 1,061 995 906

Teaching

Faculty-to-Student and Employee-to-Student Ratios
2015-16 2016-17 2017-18 2018-19
Faculty-to-Student 1:12 1:12 1:13 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

2015-16 2016-17 2017-18 2018-19
Student Success & Progress Graduation Rate 73.6 75.0 - -
Overall Placement Rate 93.2 92.0 - -
Continuing Education (e.g., Graduate School) 17.6 13.0 - -
Employment 72.5 76.5 - -
Military Service 1.2 1.3 - -
Volunteer Activity/Other (e.g., Peace Corps) 0.4 0.7 - -
Survey Response Rate 73.4% 73.6% - -
Note: All data prepared in accordance with definitions provided by the Michigan Association of State Universities' Institutional Research and Planning Directors Committee.

Section I

Programs Providing Opportunities for College Credit

Capital Outlay

Use and Finance Report

Campus Safety Transparency Reporting

Campus Safety Information