Section 241 | Strategic Plan
Source: https://www.mtu.edu/stratplan/dashboard/section-241
Archived: 2026-04-23 17:12
Section 241 | Strategic Plan
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Michigan Tech Strategic Plan
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Strategic Plan
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Section 241
Section 241
Section A: Annual Operating Budget
FY2025-2026 General Fund Budget
Operating Revenues
Student Tuition and Fees
$194,085,972
Federal Grants and Contracts
$40,000
Indirect Cost Recoveries
$16,899,424
Educational Activities
$485,728
Total Operating Revenues
$211,511,124
Operating Expenses
Salaries & Wages—Faculty & Staff
($102,506,494)
Salaries & Wages—Graduate Students
($5,517,278)
Salaries & Wages—Undergrad Students
($1,262,787)
Fringe Benefits
($40,366,811)
Supplies & Services
($18,744,164)
Financial Aid Scholarships & Fellowships
($74,702,613)
Utilities
($3,938,170)
Contingency/Carryforward Reserve
($5,000,000)
Total Operating Expenses
($252,038,317)
Transfers
Mandatory/Non-Mandatory
($20,178,285)
Total Transfers
($20,178,285)
Nonoperating Revenues (Expenses)
State Appropriations, Operating
$56,727,176
Gift Income
$3,178,302
Investment Income (Loss)
$800,000
Total Nonoperating Revenues (Expenses)
$60,705,478
Net Income (Loss)
$-
Section B: Summary of Current Expenditures
General Fund Personnel Expenditures 2024-2025
Earnings and Wages: $105,406,299
Employee Benefit Costs: $27,103,839
Other Benefit Costs: $3,800,081
Retirement Benefits-MPSERS: $405,062
Retirement Benefits-TIAA-CREF/Fidelity: $6,950,579
General Fund Expenditures 2024-2025
Instruction: $71,380,411
Research: $23,424,661
Public Service: $1,841,899
Academic Support: $24,622,724
Student Service: $11,186,205
Institution Support: $27,296,540
Plant Op and Maintenance: $13,863,861
Financial Aid: $69,978,199
Mandatory Transfers: $4,653,987
Non-Mandatory Transfers: $20,573,861
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
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
. Completion of the
Michigan Transfer Agreement
will be counted as fulfillment of all Essential Education requirements. MTA students
will still need to complete the overall course and credit requirements for their major.
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
2021-22
2022-23
2023-24
2024-25
Undergraduate Enrollment
5,777
5,699
5,892
6,013
Graduate Enrollment
1,231
1,364
1,421
1,390
Total Enrollment
7,008
7,063
7,313
7,403
Student Retention Rate
84.7
85.0
87.7
88.8
Six-Year Graduation Rate
69.1
67.8
68.7
68.0
Number of PELL Grant Recipients
1,111
1,039
1,192
-
Graduating PELL Grant Recipients
354
301
317
-
Geographic Origin of Students
Undergraduate Students
2021-22
2022-23
2023-24
2024-25
In-State
4,487
4,420
4,508
4,574
Out-of-State
1,237
1,233
1,330
1,373
International
53
46
54
66
Graduate Students
2021-22
2022-23
2023-24
2024-25
In-State
405
401
435
437
Out-of-State
266
283
286
301
International
560
680
700
652
Total Students
2021-22
2022-23
2023-24
2024-25
In-State
4,892
4,821
4,943
5,011
Out-of-State
1,503
1,516
1,616
1,674
International
613
726
754
718
Teaching
Faculty-to-Student and Employee-to-Student Ratios
2021-22
2022-23
2023-24
2024-25
Faculty-to-Student
1:13
1:13
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
2020-21
2021-22
2022-23
2023-24
Student Success and Progress Graduation Rate
77.0
76.0
77.0
75.0
Career Outcomes Rate
94.2
92.8
93.8
95.2
Continuing Education (e.g., Graduate School)
12.8
12.6
13.8
15.1
Employment
79.2
77.7
78.5
77.5
Military Service
0.9
2.4
1.4
1.4
Volunteer Activity/Other (e.g., Peace Corps)
0.9
-
-
0.7
Knowledge Rate
76.6
66.1
84.0
88.1
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
2024-2025
Number
4,767
Percent
76%
Graduate Students
2024-2025
Number
254
Percent
15%
Section K: Current President
Name: Richard J. Koubek
Residence: Houghton County, MI
Annual Salary: $542,477
Capital Outlay
Use and Finance Report
Five-Year Capital Outlay Plan
Campus Master Plan
Campus Safety Transparency Reporting
Campus Safety Information
©
Skip to page content
Skip to footer navigation
Michigan Tech Strategic Plan
Home
Strategic Plan
Dashboard
Section 241
Section 241
Section A: Annual Operating Budget
FY2025-2026 General Fund Budget
Operating Revenues
Student Tuition and Fees
$194,085,972
Federal Grants and Contracts
$40,000
Indirect Cost Recoveries
$16,899,424
Educational Activities
$485,728
Total Operating Revenues
$211,511,124
Operating Expenses
Salaries & Wages—Faculty & Staff
($102,506,494)
Salaries & Wages—Graduate Students
($5,517,278)
Salaries & Wages—Undergrad Students
($1,262,787)
Fringe Benefits
($40,366,811)
Supplies & Services
($18,744,164)
Financial Aid Scholarships & Fellowships
($74,702,613)
Utilities
($3,938,170)
Contingency/Carryforward Reserve
($5,000,000)
Total Operating Expenses
($252,038,317)
Transfers
Mandatory/Non-Mandatory
($20,178,285)
Total Transfers
($20,178,285)
Nonoperating Revenues (Expenses)
State Appropriations, Operating
$56,727,176
Gift Income
$3,178,302
Investment Income (Loss)
$800,000
Total Nonoperating Revenues (Expenses)
$60,705,478
Net Income (Loss)
$-
Section B: Summary of Current Expenditures
General Fund Personnel Expenditures 2024-2025
Earnings and Wages: $105,406,299
Employee Benefit Costs: $27,103,839
Other Benefit Costs: $3,800,081
Retirement Benefits-MPSERS: $405,062
Retirement Benefits-TIAA-CREF/Fidelity: $6,950,579
General Fund Expenditures 2024-2025
Instruction: $71,380,411
Research: $23,424,661
Public Service: $1,841,899
Academic Support: $24,622,724
Student Service: $11,186,205
Institution Support: $27,296,540
Plant Op and Maintenance: $13,863,861
Financial Aid: $69,978,199
Mandatory Transfers: $4,653,987
Non-Mandatory Transfers: $20,573,861
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
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
. Completion of the
Michigan Transfer Agreement
will be counted as fulfillment of all Essential Education requirements. MTA students
will still need to complete the overall course and credit requirements for their major.
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
2021-22
2022-23
2023-24
2024-25
Undergraduate Enrollment
5,777
5,699
5,892
6,013
Graduate Enrollment
1,231
1,364
1,421
1,390
Total Enrollment
7,008
7,063
7,313
7,403
Student Retention Rate
84.7
85.0
87.7
88.8
Six-Year Graduation Rate
69.1
67.8
68.7
68.0
Number of PELL Grant Recipients
1,111
1,039
1,192
-
Graduating PELL Grant Recipients
354
301
317
-
Geographic Origin of Students
Undergraduate Students
2021-22
2022-23
2023-24
2024-25
In-State
4,487
4,420
4,508
4,574
Out-of-State
1,237
1,233
1,330
1,373
International
53
46
54
66
Graduate Students
2021-22
2022-23
2023-24
2024-25
In-State
405
401
435
437
Out-of-State
266
283
286
301
International
560
680
700
652
Total Students
2021-22
2022-23
2023-24
2024-25
In-State
4,892
4,821
4,943
5,011
Out-of-State
1,503
1,516
1,616
1,674
International
613
726
754
718
Teaching
Faculty-to-Student and Employee-to-Student Ratios
2021-22
2022-23
2023-24
2024-25
Faculty-to-Student
1:13
1:13
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
2020-21
2021-22
2022-23
2023-24
Student Success and Progress Graduation Rate
77.0
76.0
77.0
75.0
Career Outcomes Rate
94.2
92.8
93.8
95.2
Continuing Education (e.g., Graduate School)
12.8
12.6
13.8
15.1
Employment
79.2
77.7
78.5
77.5
Military Service
0.9
2.4
1.4
1.4
Volunteer Activity/Other (e.g., Peace Corps)
0.9
-
-
0.7
Knowledge Rate
76.6
66.1
84.0
88.1
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
2024-2025
Number
4,767
Percent
76%
Graduate Students
2024-2025
Number
254
Percent
15%
Section K: Current President
Name: Richard J. Koubek
Residence: Houghton County, MI
Annual Salary: $542,477
Capital Outlay
Use and Finance Report
Five-Year Capital Outlay Plan
Campus Master Plan
Campus Safety Transparency Reporting
Campus Safety Information
©