The University of Michigan will prioritize strategic investments in undergraduate education and increased access and affordability for Michigan residents in the coming fiscal year, according to the 2019 general fund budget for the Ann Arbor campus approved June 21 by the Board of Regents.
Michigan Medicine reported fiscal year-end results June 21, with an anticipated 2.4 percent — or $103 million — operating margin on budgeted operating revenues of $4.3 billion for the University of Michigan’s academic medical center.
The University of Michigan Athletic Department expects a budget surplus of $2.5 million for the 2017-18 fiscal year, and projects a $2.5 million surplus in the 2018-19 fiscal year.
Greater financial aid resources and campuswide technology upgrades to support student success highlight the University of Michigan-Dearborn’s fiscal year 2018-19 budget.
The Board of Regents approved the $155 million plan June 21.
The University of Michigan-Flint will invest in a comprehensive strategy to transform its curriculum and learning environment using a student-centric perspective, according to a budget approved June 21 by the Board of Regents.
The $115.5 million general fund budget outlines spending for the 2018-19 fiscal year, which begins July 1.
The University of Michigan will launch a new financial aid program for in-state students that offers a "Go Blue Guarantee" of free tuition for up to four years for students with family income of up to $65,000.
Investing in student success and providing access to education is the focus of the fiscal year 2018 budget for the University of Michigan-Flint.
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.
The University of Michigan athletic department expects a budget surplus of $2.4 million for the current fiscal year and projects a $2 million surplus in the coming 2018 fiscal year.
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.
Focusing its resources on academic excellence and student success, the UM-Flint will increase its general fund budget by less than 1 percent for fiscal year 2017, continuing to make UM-Flint one of the most affordable university options in Michigan.
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.
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.
Investments in financial aid, academic support and faculty support highlight the UM-Dearborn operating budget for fiscal year 2017. The budget was approved Thursday by the Board of Regents.
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:
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.
The University of Michigan will invest in strategic academic programs and initiatives that enhance the student experience, while maintaining its focus on affordability with the fiscal year 2016 general fund budget approved Thursday.
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:
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.
Investing in the student experience and providing access to education is the focus of the fiscal year 2016 UM-Flint budget approved Thursday by the Board of Regents.