University of Michigan
News for Faculty and Staff

July 23, 2017

budget

June 15, 2017

Michigan Medicine reports strong financial results, growth

Michigan Medicine reported positive fiscal year-end results Thursday, with an anticipated 5.6 percent — or $210 million — operating margin on budgeted operating revenues of $3.7 billion for the University of Michigan Health System.

Michigan Medicine's UMHS includes three hospitals, 125 clinics and the U-M Medical Group.

June 15, 2017

UM-Dearborn investing in financial aid, updated facilities

The University of Michigan-Dearborn will continue to invest in providing access to a high-quality higher education experience for students throughout southeast Michigan and beyond, as reflected in its fiscal year 2018 operating budget.

The Board of Regents approved the budget June 15.

June 16, 2016

U-M budget underscores affordability, multidisciplinary initiatives

The University of Michigan balances its long-standing commitment to affordability with a focus on providing a world-class education and conducting socially relevant research in the fiscal year 2017 general fund budget approved Thursday by the Board of Regents.

June 16, 2016

U-M Health System reports strong financial results, growth

The University of Michigan Health System reported positive fiscal year-end results Thursday, with an anticipated 4.2 percent ($129 million) operating margin on budgeted operating revenues of $3.1 billion for the U-M Hospitals, Health Centers and the Medical Group.

June 16, 2016

Athletics presents fiscal year 2017 budget

The University of Michigan Athletic Department on Thursday presented to the Board of Regents a balanced budget based on operating expenses of $154.8 million for the 2017 fiscal year.

Highlights of the budget, presented by Warde Manuel, the Donald R. Shepherd Director of Athletics, include:

February 11, 2016

Governor recommends 4.3 percent increase in state's higher-ed budget

Gov. Rick Snyder is recommending a 4.3 percent budget increase for the state's 15 public universities.

The governor announced his recommendation Wednesday as part of his overall state budget plan for fiscal year 2017. The overall recommendation of $1.4 billion would bring total state higher-education funding back to 2011 levels.

June 18, 2015

Michigan Athletics presents fiscal 2016 budget to regents

The Athletic Department will have a balanced budget in fiscal year 2016 based on operating revenues of $153.6 million and operating expenses of $153.6 million. The budget was presented to the Board of Regents on Thursday.

Highlights of the projected 2015-16 operating budget are as follows:

June 18, 2015

UM-Dearborn budget includes boost in financial aid

The UM-Dearborn operating budget for fiscal year 2016 includes a 5.3 percent increase in the financial aid, investments in building and facility updates, and allocations to address enrollment growth areas. The budget was approved June 18 by the Board of Regents.

June 18, 2015

U-M Health System reports strong FY 2015 financial results

The U-M Health System reported positive fiscal year-end results Thursday, with an anticipated 3.2 percent ($86.9 million) operating margin on budgeted operating revenues of $2.7 billion for the U-M Hospitals and Health Centers.

June 4, 2015

Higher-ed funding approved as part of state budget process

Overall higher-education funding for the state's 15 public universities would increase 1.5 percent to $1.5 billion in fiscal year 2016, under a state spending plan approved by the Legislature on Wednesday.

The budget now goes to Gov. Rick Snyder for his signature.

April 16, 2015

Video outlines university budgeting process

How has funding for higher education changed over the past five decades? What are the University of Michigan's main sources of income? What are its major categories of expenditures?

February 11, 2015

Governor recommends funding increase for all three U-M campuses

The fiscal year 2016 state budget recommendation released Wednesday by Gov. Rick Snyder includes a 2 percent overall increase in funding for the state's 15 public universities, bringing total operating funds for universities to nearly $1.4 billion.

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