Section 245

Section A: Annual Operating Budget

FY2017-2018 General Fund Budget
Operating Revenues
Tuition and Fees $138,701,062
Federal Grants and Contracts $150,000
Indirect Cost Recoveries $12,426,000
Educational Activities/Misc. Revenues $122,890
Total Operating Revenues $151,399,952
Operating Expenses
Staff S&W ($39,241,310)
Faculty S&W ($49,048,192)
Grad Student S&W ($4,641,932)
Undergrad Student S&W ($900,965)
Fringe Benefits ($35,420,520)
Supplies & Services ($16,109,055)
Scholarships ($41,836,833)
Utlities ($4,286,627)
Carryforward/Contingency Reserve ($4,800,000)
Total Operating Expenses ($196,285,434)
Transfers
Mandatory/Non-Mandatory ($9,097,132)
Total Transfers ($9,097,132)
Nonoperating Revenues (Expenses)
State Appropriations $49,095,114
Gift Income $4,527,500
Investment Income $360,000
Total Nonoperating Revenues (Expenses) $53,982,614
 
Net Income (Loss) $0

Section B: Summary of Current Expenditures

General Fund Personnel Expenditures

FY2015-16 General fund personnel expenditures graph showing $82,780,216 in earnings and wages, $18,345,785 in employee benefit costs, $5,480,637 in retirement benefits MPSERS, $5,224,625 in retirement benefits TIAA-CREF and Fidelity, and $1,845,521 in other benefit costs.

General Fund Expenditures

Fiscal year 2015-16 general fund expenditures graph showing $59,030,724 in instruction, $16,945,865 in research, $1,009,937 in public service, $19,882,546 in academic support, $7,028,160 in student service, $17,859,465 in institution support, $11,868,912 in plan operation and maintenance, $35,217,769 in financial aid, $2,255,841 in mandatory transfers, and $6,852,306 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
Metric 2013-14 2014-15 2015-16 2016-17
Enrollment
Undergraduate 5,617 5,658 5,697 5,811
Graduate 1,358 1,441 1,521 1,441
Total 6,975 7,099 7,218 7,252
Student Retention Rate 82.2 85.1 87.1 82.8
Six-Year Graduation Rate 65.8 64.3 64.6 66.8
Number of PELL Grant Recipients 1,437 1,426 1,401 -
Graduating PELL Grant Recipients 384 432 361 -
Geographic Origin of Students
Student Type 2013-14 2014-15 2015-16 2016-17
Undergraduate
In-State 4,062 4,160 4,216 4,344
Out-of-State 1,239 1,232 1,242 1,281
International 316 266 239 186
Graduate
In-State 342 359 354 323
Out-of-State 267 255 245 243
International 749 827 922 875
Total
In-State 4,404 4,519 4,570 4,667
Out-of-State 1,506 1,487 1,487 1,524
International 1,065 1,093 1,161 1,061
Teaching
Metric 2013-14 2014-15 2015-16 2016-17
Faculty-to-Student and Employee-to-Student Ratios
Faculty-to-Student 1:13 1:13 1:12 1:12
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
Type 2013-14 2014-15 2015-16 2016-17
Student Success & Progress Graduation Rate 70.6 71.1 73.6  
Overall Placement Rate 94.4 93.1 93.2  
Continuing Education (e.g., Graduate School) 14.7 15.2 17.6  
Employment 76.7 76.4 72.5  
Military Service 1.6 1.2 1.2  
Volunteer Activity/Other (e.g., Peace Corps) 1.3 0.3 0.4  
Survey Response Rate 71.2% 73.2% 73.4%  
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.

Section I

Programs Providing Opportunities for College Credit

Capital Outlay

Use and Finance Report