Fact Book. Office of Institutional Analysis

Transcription

1 Fact Book Office of Institutional Analysis

2 Fact Book Office of Institutional Analysis Michigan Technological University Townsend Drive Houghton,MI

3 Facts at a Glance Enrollment (),,,,,,,, Enrollment Graduate (nondegree/masters/doctoral) New Undergradted Students (fresh and trans) College of College of Sciences & Arts School of Business & Economics School of Technology School of Forest Resources & Envir. Sciences Other (No college designated/extended University Program) Residents of Michigan Nonresidents International Major Research Agencies All enrollment counts include online learning. Advanced Power Systems Research Center (APSRC) Advanced Sustainable Iron and Steel Center (ASISC) Center for Agile and Interconnected Microgrids (AIM) Center for Leadership and Innovation for Transformation (LIFT) Computational Science and Research Institute (CSERI) Earth, Planetary, and Space Sciences Institute (EPSSI) Ecosystem Science Center (ESC) Great Lakes Research Center (GLRC) Institute of Computing and Cybersystems (ICC) Institute of Materials Processing (IMP) Keweenaw Research Center (KRC) Life Science and Technology Institute (LSTI) Michigan Tech Research Institute (MTRI) Michigan Tech Transportation Institute (MTTI) MultiScale Technologies Institute (MuSTI) PreCollege Innovative Outreach Institute (PIOI) Research and Innovation in STEM Education Institute (RISE) Sustainable Futures Institute (SFI) The Elizabeth and Richard Henes Center for Quantum Phenomena (C QP) Employees Quality of Education/Students (October, )*,, Number of Faculty Number of Staff NonStudent Employees *Includes all full and part time tenured, tenuretrack, nontenure track instructional () and research () faculty. Also includes those faculty on sabbatical (), visiting faculty (). Deans (), associate deans (), department chairs (), executives and professional staff with tenure are included in staff figures. Nonexempt, Nonrepresented temporary staff are excluded. Financial* (Year ended June ),,,,,,,,,,,, Expenditures State Appropriations Tuition & Fees Grants & Contracts Auxiliary & Other Revenues Gifts Raised *Includes current Funds Undergraduate Expenses () Based on two semesters, credit plateau Tuition (Res./cr; Nonres,./cr) Required fees Course/lab fees (estimated) Room & Board (With Soc. Fee & Gold Meal Plan) Books & Supplies (estimated) Personal & Travel Needs (estimated) Loan Origination Fee Graduate Tuition Degrees Awarded MIchigan Resident,,,,, NonMichigan Resident,,,,,,/ Credit,/ Credit () Undergrad (certificate/assoc./bachelor/bachelor secondmajor) (//,/) Graduate (post baccalaureate cert./master/doctoral) (//) College of College of Sciences & Arts School of Business & Economics School of Technology School of Forest Resources & Environmental Sciences Interdisciplinary Degrees Awarded,,, US and World Reports ranks Michigan Tech th among national public universities in its Best Colleges, and an APlus for B Students, for admitting promising students whose high school GPA is less than an A. Princeton Review ranked Michigan Tech a Best in the Midwest for third consecutive year in its Best Colleges report. Michigan Tech also received good marks in quality of life, safety and green categories. Student comments included Michigan Tech has very high standards when it comes to education, offers serious study in a beautiful (often snowy) environment and has a good reputation, especially for engineering. Washington Monthly rated Michigan Tech th nationally for the Best Bang for the Buck, and Business Insider rated Tech number in the nation in its list of underrated schools. ACT Scores English Math Composite () Freshmen... Collegebound H.S. Seniors... (ACT operates on a scale of ) Placement () Number of companies on campus Placement Rate (Undergraduate) Placement Rate (Graduate).%.% National Rankings Undergraduate Enrollment (Fall ) Environmental Mechanical Mining / Geological Undergraduate Degrees Awarded () Environmental Mining / Geological Mechanical Alumni Information number of alumni of record mailable alumni Alumni living in Michigan Alumni annual giving participation rate () th th th st th th,,,.% Miscellaneous Information Michigan Technological University Townsend Drive Houghton, MI Phone: Fax: Website: University President: Dr. Glenn D Mroz Academic Calendar: Semester System Campus Size: acres Ford Center (Alberta MI):, acres

4 Fact Book The Office of Institutional Analysis (IA) is dedicated to providing clear and accurate statistical information to our clients in a timely fashion. To this end, we are pleased to present this Michigan Technological University Fact Book. The intent of the Michigan Technological University Fact Book is to provide a quick reference for information, generally statistical, about the University. We have made every effort to include information that may be relevant to your needs, but realize that your needs may be significantly different. For this reason, we invite you to make comments and/or suggestions for future editions of the Fact Book to the address below. Your help is greatly appreciated. Prepared by: Audrey Russell Rich Elenich Student Research Assistant Director of Institutional Analysis Copyright Office of Institutional Analysis Michigan Technological University Fax:.. rjelenic@mtu.edu View our data online: Michigan Technological University is an Equal Opportunity Educational Institution/Equal Opportunity Employer, which includes providing equal opportunity for protected veterans and individuals with disabilities.

5 Table of Contents Introduction University Mission/Vision/Goals University Location/History University Officers Board of Trustees Members Organizational Chart Campus Map Degree Programs Accreditation Faculty and Staff All Students Standard Learning Students Faculty Data Staff Data Employee Historical Data Standardized Test Scores/HS Percentile Admissions Data Tuition and Fees Financial Aid Data Enrollment Data (current year) Enrollment Data (historical) Enrollment Data (current year) Enrollment Data (historical) Degrees Awarded Career Services Finances Research Library Michigan Tech Fund Attrition/Retention/Grad Rates Alumni Awards Alumni Association Snowfall Records

6 List of Tables Introduction Degree Programs,, Faculty and Staff Faculty,, Staff Employee All Students Standardized Test Scores AdmissionsApplied, Accepted, and Enrolled,, Tuition,, Financial Aid Enrollment,,,,,,,,,,,,,, Undergraduate Enrollment,, Graduate Enrollment, Standard Learning Students Enrollment,,,,,,,,,,,, Undergraduate Enrollment,, Graduate Enrollment, Degrees Awarded Degrees Awarded,,,,,,,, History of Attrition and Rentention Rates History of Graduation Rates Career Center Placement, Job Survey, Career Fair Finances Assets Investments Capital Assets,, Accounts Payable Noncurrent Liabilities SelfInsurance Research Expenditures, Books, articles, and other resources Statements Alumni Award Recipients,,,,, Alumni Locations,, Library MTU Fund Alumni,,,,,,,,,,,,,,,

7 List of Figures Introduction Organizaitonal Structure Campus Map Faculty Staff,, Faculty and Staff All Students Admissions Applied, Accepted, and Enrolled,, Enrollment,,,,, Undergraduate Enrollment, Graduate Enrollment, Standard Learning Students Enrollment,,,,,, Undergraduate Enrollment,, Graduate Enrollment,, Degrees Awarded Degrees Awarded

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9 Introduction University Location/ History University Principles University Officers Board of Trustees Members Organizational Chart Campus Map Degree Programs Accreditation Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

10 Michigan Technological University Strategic Plan Vision Michigan Tech will lead as a global technological university that inspires students, advances knowledge, and innovates to create a sustainable, just, and prosperous world. Mission We deliver actionbased undergraduate and graduate education and discover new knowledge through research and innovation. We create solutions for society s challenges through interdisciplinary education, research, and engagement to advance sustainable economic prosperity, health and safety, ethical conduct, and responsible use of resources. We attract exceptional students, faculty, and staff who understand, develop, apply, manage, and communicate science, engineering, technology, and business to attain the goal of a sustainable, just, and prosperous world. Our success is measured by accomplishments and reputation of our graduates, national and international impact of our research and scholarly activities, and investment in our University. Goals GOAL : An exceptional and diverse community of students, faculty, and staff.. Exceptional academic and professional community. recruit, support, recognize, and graduate bright, motivated, and adventurous students; attract, retain, and support faculty and staff by providing recognition, rewards, and competitive compensation; provide professional development and leadership opportunities for students, faculty, and staff.. Diverse, inclusive, and collegial environment. promote inclusiveness and collegiality through openness, engagement, mutual respect, and understanding of diverse perspectives; provide a rich cultural environment and a welcoming campus; develop and implement initiatives to increase the diversity of students, faculty, and staff; pursue opportunities for dualcareer faculty and staff; enhance worklife blending for all members of our community.. Exceptional services and infrastructure. promote a universitywide culture of safety, responsiveness, effectiveness, and efficiency; provide exceptional technology, library, and laboratory facilities that support education, research and innovation; create an aesthetic, sustainable, and effective infrastructure. GOAL : A distinctive and rigorous actionbased learning experience grounded in science, engineering, technology, sustainability, business, and an understanding of the social and cultural contexts of our contemporary world.. Integration of instruction, research, and innovation to achieve the University Student Learning Goals. provide research, servicelearning, projectbased, entrepreneurial, and international opportunities for students; promote mutual appreciation and collaborative opportunities across academic disciplines; continually review and update existing programs and develop new offerings in emerging disciplinary and interdisciplinary areas.. Transformative educational experience grounded in a residentialbased technologicallyrich learning environment. encourage and support high quality, innovative, and effective instruction and experiences to enhance student learning; contribute to students development and application of critical thinking skills, creativity, leadership, collaborative skills, and ethical reasoning; enhance student learning through activities that promote longterm physical and mental health; foster healthy relationships and the ability to productively manage conflicts;

11 Michigan Technological University Strategic Plan cont d Goals Goal. cont d enhance students communication skills as well as information, technology, and global literacies; encourage social responsibility and the understanding of public policy issues.. Education that responds to the needs and challenges of the st century. expand Ph.D. and master s enrollments, degrees awarded, and scholarly productivity; improve access via nontraditional delivery of graduate programs; promote lifelong learning by providing opportunities for continuing education using appropriate delivery models. GOAL : Research, scholarship, entrepreneurship, innovation, and creative work that promotes a sustainable, just, and prosperous world.. Growth in research, scholarship, and creativity. increase external support for research, scholarly, and creative activities; recognize and reward our accomplishments and promote them both internally and externally; encourage and support interdisciplinary activities; cultivate a community of research inspiration, productivity, and excellence; increase development and optimize maintenance of shared research facilities, library resources, equipment, and infrastructure; facilitate coordination of research activities to address problems of social significance; improve efficient management and administration of externally funded activities.. Economic and social development and innovation. create a culture of responsible innovation and entrepreneurship and expand entrepreneurship in undergraduate and graduate programs; support workforce development and social engagement through collaborative outreach and technology transfer; encourage and support technology commercialization and startup businesses; expand international and crosscultural engagement with universities, industries, nongovernmental organizations, and governments.

12 Location Amid northern Michigan s ruggedly beautiful Keweenaw Peninsula lies the city of Houghton, a former mining community that now boasts a unique blend of history, technology, arts, culture, and unparalleled opportunities for outdoor adventure. Houghton s historical downtown features a unique blend of locally owned shops, eateries, museums, and breweries. Arts and entertainment abound, with local art galleries, photo exhibits, and tours by modern dance groups, comedy troupes, chamber orchestras, and more. Winter brings more than inches of snow perfect for skiing and snowmobiling. Summer is generally sunny and temperate, providing great opportunities for hiking, biking, kayaking, and canoeing. With boreal forests, inland lakes, and the pristine shores of Lake Superior nearby, outdoor enthusiasts love us. History Michigan Tech named the snowiest college in America. For more than years, Michigan Tech faculty have explored the boundaries of knowedge while teaching students to become citzens who contribute to the sustainability of our world. In, the University was founded as the Michigan Mining School, specializing in training for mining engineers, with four faculty members and twentythree students in the second story of the old Houghton Fire Hall. During the period of to, student and faculty numbers increased, and the School was moved to its present location. Between and, the Michigan Mining School became the Michigan College of Mining and Technology. By the time the institution became officially known as Michigan Technological University in, several programs had been added to the curriculum: chemical, electrical, civil, mechanical, and geological engineering; forestry; engineering administration; and physics. Under the leadership of J. Robert Van Pelt, from to, the University s longdormant PhD programs were revived and an aggressive research initiative began. Between and present time, the University has grown into a leading public research university and a key educational partner within the state of Michigan, the nation, and beyond.

13 Dr. Glenn D. Mroz President PhD, Forestry, North Carolina State University BS, MS, Forestry, Michigan Technological University Dr. Glenn D. Mroz became the ninth president of Michigan Technological University in after serving as Dean of the School of Forest Resources and Environmental Science for four years. He served as a faculty member in the School since. Dr. Mroz earned his B.S. and M.S. degrees in Forestry from Michigan Technological University and earned his Ph.D. degree in Forestry from North Carolina State University in. Mroz is Chair of the Presidents Council State Universities of Michigan and former Chair of the Great Lakes Intercollegiate Athletic Conference Council of Presidents; he has also served as a trustee of the Citizens Research Council of Michigan. As President he has supported the formation of the Michigan Tech Entrepreneurial Support Corporation and Superior Innovations corporations that support startup companies. He is also a member of the Society of American Foresters, and the Xi Sigma Pi Forestry Honor Society. List of Michigan Technological University Presidents & Years of Service: Dr. Marshman E. Wadsworth () Dr. Fred W. McNair () Dr. William O. Hotchkiss () Dr. Grover C. Dillman () Dr. J. Robert Van Pelt () Dr. Raymond L. Smith () Dr. Dale F. Stein () Dr. Curtis J. Tompkins () Dr. Glenn D. Mroz (Present) Contact gdmroz@mtu.edu Administration Building

14 Dr. David D. Reed Vice President for Research PhD, MS, Forest Biometrics, Virginia Polytechnic Institute and State University MS, Statistics, Virginia Polytechnic Institute and State University BS, Forest Science, University of ArkansasMonticello David D. Reed serves as Michigan Technological University s vice president for research, overseeing sponsored programs, technology and economic development, and integrity and compliance for research conducted at both the undergraduate and graduate levels. Reed is a professor in Michigan Tech s School of Forest Resources and Environmental Science and has been a principal investigator or coinvestigator on more than million in externally funded research since coming to the University in. His work has involved researchers from a variety of disciplines at the University as well as from outside institutions, and his many sponsors range from the National Science Foundation to Mead Paper. Reed has received a number of recognitions for his teaching and research, including the Scientific Achievement Award from the International Union of Forest Research Organizations. This international recognition of scientific achievement in forest research is given to no more than ten scientists every five years worldwide. He also received the Forest Science Award from the Society of American Foresters and the Faculty Excellence Award from the student chapter of the Society of American Foresters in. In, he traveled to Portugal s Technical University of Lisbon as a Fulbright Scholar. Contact ddreed@mtu.edu Lakeshore Center

15 Dr. Jacqueline E. Huntoon Provost and Vice President for Academic Affairs Professor, Geological and Mining Sciences Affiliated Professor, Cognitive and Learning Sciences PhD, Geology, Pennsylvania State University MS, Geology, University of Utah BS, Geology, University of California, Santa Cruz Jacqueline Huntoon is provost and vice president for academic affairs at Michigan Technological University. Huntoon has been dean of Michigan Tech s Graduate School since and associate provost since. She is also a professor in the Department of Geological and Mining and Sciences. Huntoon has been recognized nationally for her leadership in higher education and in her field of geology. She currently serves as the chair of the Graduate Record Exam Board, which oversees the exams most commonly used to evaluate the qualifications of students applying for graduate school, and she has served as program director for diversity and education at the National Science Foundation s Directorate for Geosciences. Huntoon earned her PhD in Geology at the Pennsylvania State University. She is a member of the American Society for Education and has been elected a Fellow of the Geological Society of America. In, she was elected to the Michigan Tech Academy of Teaching Excellence. She has been awarded more than two dozen sponsored research awards, including most recently a million grant from the Herbert H. and Grace A. Dow Foundation to reform middleschool science teaching in Michigan. Specialties: Geoscience Teacher Education Evaluation and Assessment Contact jeh@mtu.edu Administration Building

16 Julie Seppala Vice President for Finance Treasurer of the Board of Trustees Treasurer of the Michigan Tech Fund Board of Directors Julie Seppala was appointed the Vice President for Finance in December and as the Treasurer of the Board of Trustees in July. She oversees all financial functions of the University and the Michigan Tech Fund. From until, Julie was the Executive Director of Financial Services and Operations. From until, she was also the executive director of the university s sponsored programs office, directing the federal and state proposal submissions, award negotiations, and financial compliance and reporting. From to, she was the manager of the university s sponsored programs accounting office, directing the external and internal financial compliance and reporting requirements of sponsored programs. She came to Michigan Tech in as an Assistant Research Accountant. Prior to coming to Michigan Tech, she spent years as an Accountant at Northern Michigan University. She was responsible for their grant and contract accounting and assisted in overseeing the accounts payable functions. Seppala earned a Bachelor s of Science degree in Accounting from Northern Michigan University in. She is active in the Federal Demonstration Partnership, an association of research institutions and federal agencies, and is currently leading a national pilot program with that organization. She has lead the Sponsored Programs Office in Lean/ Process Improvement initiatives, is a trained Lean/ Process Improvement Facilitator has facilitated numerous campus process improvement events since. Contact jhseppal@mtu.edu Lakeshore Center

17 Ellen S. Horsch Vice President for Administration MA, Economics, Central Michigan University BS, Business Administration, Michigan Technological University Ellen S. Horsch was appointed vice president for administration at Michigan Technological University in. She oversees the A. E. Seaman Mineral Museum, Auxiliary Services, Business Operations, Facilities Management, and Human Resources. From until, she was director of the university s human resources department, directing the functions of payroll, employment, faculty personnel, labor relations, compensation, classification, and benefits. From, she was manager of employee relations operations. She came to Michigan Tech in as a parttime instructor in the School of Business and Economics. She became a fulltime instructor in. Prior to her appointment at Michigan Tech, she taught at Ferris State University and Central Michigan University. Horsch earned a bachelor s degree in business administration from Michigan Tech in and a master s in economics from Central Michigan University in. She is active in the Houghton Rotary Club, and advisor for Alpha Gamma Delta Women s Fraternity. She serves on the board of the U.P. Labor Management Council and the Portage Governing Board. She is also active in associations related to University State Business Officers, and human resources including Academy for Academic Personnel Administration (AAPA) and a member of the Michigan American Council on Education (ACE) Network for Women Leaders in Higher Education. Horsch has presented at national and regional conferences in the areas of benefits, compensation, labor and lean principles. Contact eshorsch@mtu.edu Lakeshore Center

18 Dr. Les P. Cook Vice President for Student Affairs and Advancement Adjunct Associate Professor, Cognitive and Learning Sciences EdD, Educational Leadership, Brigham Young University MS, BS, Political Science, Utah State University Les P. Cook serves as the vice president for student affairs and advancement at Michigan Technological University, overseeing the areas of: advancement, alumni relations, dean of students, enrollment and university relations, and university marketing and communications. Cook joined Michigan Tech in July, serving as vice provost and dean of students before assuming the role of vice president. Before coming to the University, he was the associate vice president for student life at the University of the Pacific in Stockton, California. Cook is actively involved with a number of professional and student service associations, including former vice president for the National Association of Student Personnel Administrators Region IV East. He also serves as a lead faculty member for the LeaderShape Institute and is a lifetime member of the National Orientation Directors Association, the American College Personnel Association College Student Educators International, and the Association of Public and Landgrant Universities. Cook has volunteered locally with the Downtown Guidance Team, served on the board of directors for Dial Help, and is a member of the Keweenaw Community Foundation Board. Contact lpcook@mtu.edu Administration Building

19 Roberta M. Dessellier Secretary of the Board of Trustees Executive Associate to the President Dessellier was appointed secretary of the Board of Trustees by the Michigan Technological University Board of Trustees, the University's governing body, in July. In this administrative role she supports the board in policies and ordinances, assists with meetings, and with liaison activities between trustees and a variety of stakeholders. She works closely with the board, president, and other executive team members to fulfill university objectives and goals. She manages and provides leadership for the office functions of the president and ensures communication among executive team members consistent with the University s strategic goals. Dessellier also serves as corporate secretary for the Michigan Tech Fund Board of Directors and for nonprofits Superior Innovations and Michigan Tech Entrepreneurial Support Corporation (MTESC), the University's technology transfer arms that assist faculty and students in startups and other innovative endeavors. In addition, Dessellier is Michigan Tech's Freedom of Information Act (FOIA) officer. She is a member of the National Association of Professional Assistants in Higher Education and Michigan Professional Board Secretaries. With Michigan Tech since, Dessellier has worked in nearly every realm of University administration, including admissions, civil engineering, the graduate school, and student affairs. She joined the president's office in. Contact rmdessel@mtu.edu Administration Building

20 Board of Trustees Members Terry J. Woychowski Chair, Board of Trustees Commerce Township, Michigan Terry Woychowski graduated from Michigan Tech with a bachelor s degree in mechanical engineering, attended Duke University s Global Executive Development Program, and received an Honorary Doctorate of Business Management from Indiana Wesleyan University. From he served as GM's chief engineer for fullsize pickups and SUVs, and from he served as vice president for global quality and vehicle launches. He has received GM s highest honor, the Chairman s Award, four times and is president of the Society of Detroit (ESD), where he has helped develop courses through Michigan Tech to retrain engineers. Recently, Woychowski joined Link as Vice President of North America Test Operations. Link designs and manufactures precision test equipment that serves the transportation industry from automotive to commercial vehicles, planes and trains. He is a member of Michigan Tech s Academy of Mechanical Mechanics, the College of Industrial Advisory Board, and sponsors two Senior Design teams. Linda Kennedy Vice Chair, Board of Trustees East Hartford, Connecticut Linda Kennedy ' serves as Assistant Intellectual Property Counsel for Pratt & Whitney. Previously, she served as shareholder in the Detroit office of Butzel Long PC, one of Michigan's oldest law firms; as inhouse counsel for Dow Chemical Company and as a technical writer for IBM's software solutions division. Kennedy holds a bachelor's degree in scientific and technical communication from Michigan Tech, as well as a bachelor's degree in chemistry and a law degree from the University of Minnesota. Julie A. Fream Member, Board of Trustees Birmingham, Michigan Julie Fream graduated from Michigan Tech with a bachelor s degree in chemical engineering and earned an MBA from the Harvard Business School in. She began her career at Visteon in and previously worked for General Motors, Ford Motor Company and TRW. From to she was vice president of Visteon s North American customer group, global strategy, and communications. Recently, Fream was appointed president and chief executive officer of the Original Equipment Suppliers Association (OESA), representing new vehicle product suppliers across North America. In, Fream appeared on Crain s Detroit Business s under list for her sales leadership at Visteon. In, she earned the AntiDefamation League s Woman of Achievement Award for fostering an inclusive and diverse work environment at Visteon. Fream is a member of the University s Distinguished Academy of Chemical. She received Michigan Tech s Outstanding Young Alumni and Outstanding Service Awards and was the featured speaker at Midyear Commencement in.

21 Board of Trustees Members (cont d.) Robert Jacquart Member, Board of Trustees Ironwood, Michigan Robert Jacquart is chief executive officer of Jacquart Fabric Products in Ironwood, a textile designing and manufacturing company his father began in. Under Jacquart's leadership, the company has grown from a small storefront business to a thriving, squarefoot complex with million in annual sales, including the popular Stormy Kromer line of hats and other clothing. He was chair of Gogebic Community College's Board of Trustees and a member of the Michigan Garment Industry Council. William Johnson Member, Board of Trustees Newaygo, Michigan William Johnson is president and CEO of The Berean Group LLC. He served as chairman, president, and CEO of SEMCO Energy, as CEO of Northern Pipeline Construction Co., and as president and CEO of the Gas Service Co. Johnson serves as chairman of the Biglari Holdings board of directors, is a member of The Port City Group board of directors, a member of The Right Place, and is vice chair of the Fremont Area Community Foundation. Johnson earned a bachelor's and master's degree from Central Michigan University. Brenda Ryan Member, Board of Trustees Commerce Township, Michigan Brenda Ryan is the president and owner of Ryan Industries Inc., Ryan Properties LLC. in Wixom, and Alliance Industries LLC, in Springfield, Missouri. She is a Women in Science, Technology,, and Production honoree, was honored as a National Minority Supplier Development Council "Success Story" in, Minorities in Business Small Business Person of the Year (MO) of, and a Chrysler Group LLC Diversity Supplier of the Year in. Ryan earned a bachelor's degree in metallurgical engineering from Michigan Technological University and a master's degree in material science engineering from the University of Virginia.

22 Board of Trustees Members (cont d.) Derhun D. Sanders Member, Board of Trustees Redford, Michigan Derhun Sanders graduated in with a bachelor s of science degree in biological sciences. He is the Government Liaison and Congressional Lead for the U.S. Army Tank Automotive Research Development and (TARDEC). Sanders was the recipient of Michigan Tech s Percy Julian Award given to an undergraduate student leader who is active in the promotion of diversity, social equality or racial/ethnic and cultural understanding. Sanders has served on the Tech Alumni Association board of directors and the board of the Black Alumni Association. In, Sanders was the Keynote Speaker at the th Anniversary Celebration of Michigan Tech s Summer Youth Program. Steven M. Tomaszewski Member, Board of Trustees Howell, Michigan Steven Tomaszewski is Director of Real Estate and Facilities Operations for General Motors Company. He received a bachelor s degree in environmental engineering from Michigan Tech in in and a master s from Wayne State University. He is one of the founders and past Vice President of the Michigan Tech Chapter of the Society of Environmental Engineers. He has served on Tech s College of Advisory Board and the Civil and Environmental Professional Advisory Committee. Tomaszewski received the Michigan Tech Young Alumni Award in and was instrumental in GM s involvement in the Ride the Waves Program. Ride the Waves, which came about when Tomaszewski contacted the University asking what GM could do to help get children involved with water issues, has taken about, children and adults on Lake Superior aboard the RV Agassiz.

23 Michigan Technological University Board of Trustees Michigan Tech Entrepreneurial Support Corporation (MTESC) Michigan Tech Fund Superior Innovations (SI) Portage Golf Course Corporation Secretary President Executive Director, Financial Services & Operations & Controller Director, Student Business Services Manager of Financial Information Systems Vice President for Administration Executive Associate to the President and Secretary to the Board of Trustees Provost and Vice President for Academic Affairs Vice President for Student Affairs and Advancement Associate Provost Executive Director, Budget and Planning Associate Vice President/ Dean of Students Executive Director, Business Operations Associate Provost for Graduate Education and Dean of Graduate School Executive Director, Compliance, Integrity and Safety Associate Vice President, Enrollment and University Relations Executive Director, Innovation and Industry Engagement Associate Vice President, Advancement and Alumni Engagement Executive Director, Facilities Management Executive Director, A.E. Seaman Mineral Museum Chief Information Officer Dean, College of Executive Director of Risk Management and Compliance Oversight Dean, College of Sciences and Arts Director, Human Resources Dean, School of Business and Economics Dean, School of Technology Dean, Pavlis Honors College University Librarian and Director of the Library Director, William G. Jackson Center for Teaching and Learning Vice President for Research Associate Vice President for Administration Dean, School of Forest Resources and Environmental Science As of Treasurer University Senate Executive Director, Institutional Equity and Inclusion Vice President for Financial Services and Operations Internal Auditor Executive Director, Sponsored Programs Director, Great Lakes Research Center Director, Institutional Analysis Director, Institutional Systems Development and Analysis Director, Keweenaw Research Center Director, Research Development Director, Sponsored Operations Co Directors, Michigan Tech Research Institute Director, Administration and Resource Planning Director, Athletics and Recreation

24 , School of Technology Minerals & Materials Chemical Sciences & Computer Science Computer Science Sherman Field Press Box Sherman Field Press Box Kanwal & Ann Rekhi Hall Kanwal & Ann Rekhi Hall Husky HuskyMotors Motors University UniversityResidence Residence HillsidePlace Place Hillside GatesTennis Tennis Center Center Gates O Connor House House O Connor M ne In ac s Upla nd R Mont Ripley Ski Hill. Dr As of Summer d. eter yr Cem As of Summer FordCenter, Center, Alberta Ford Alberta Alternative Energy Research Alternative Energy Research Building,Building, Hancock Hancock Keweenaw Research Center, Keweenaw Research Center, Advanced Power Systems Research Center, Advanced Power Systems Research Houghton County Memorial Airport Center, Houghton County Memorial FirstMerit Bank Building, Hancock Airport Michigan Tech Lakeshore Center, Houghton FirstMerit Bank Building, Hancock Michigan Tech Lakeshore Center, Houghton Notappearing appearing on map: Not on map: Great Lakes Research Center A. E. Seaman Mineral Museum A. E. Seaman Mineral Museum PeaceCorps CorpsMaster's Master s Peace InternationalHouse House International Great Lakes Research Center St. Cliff Dr. w ie i rv Fa d. Engagement Innovation & Industry Innovation & Industry Engagement Cognitive & Learning Sciences Cognitive & Learning Sciences OutdoorAdventure Adventure Program Outdoor Program HonorsHouse House Honors HaroldMeese Meese Center Center Harold McAllister Welcome CenterCenter, McAllister Welcome Campus Bookstore Campus Bookstore Little Huskies Child Development Little Huskies Child Development Center Center Douglass Houghton Hall Douglass Houghton Hall(DHH) (DHH) Daniell Heights Apartments Daniell Heights Apartments Memorial Union Building Memorial Union Building r. US Forest Service Advanced Technology Technology Advanced Development Complex Complex Development en d D Tow ns Tennis Courts Wadsworth Hall Wadsworth Hall Chemical Sciences & Building Chemical, Building Chemical, Chemistry Chemistry R. L. Smith Building Mechanical R. L. Smith Building Mechanical Mechanics Mechanics Student Development Complex Kinesiology Student& Development Complex Integrative Physiology Kinesiology & Integrative Physiology Michigan Technological University Townsend Drive Houghton, MI Administration Building Administration Building ROTC Building ROTC Building Academic Office Office Building Academic Building School of Business & Economics, School of Business & Economics, Social Sciences Social Sciences Electrical Energy Resources Electrical Energy Resources Electrical & Computer, Center Center Electrical & Computer School of Technology Dow Environmental Sciences & Dow Environmental Sciences & & Sciences Biological Building Building Biological Sciences, Civil & Environmental Sciences, Civil & Environmental, Geological & Mining, & SciencesGeological & Mining Minerals & Materials Materials Science & Building Building Materials Science &, College of,, of, Institute of Materials College Processing, Institute of Materials Processing, Biomedical Biomedical Hamar House Hamar House Center for Diversity & Inclusion Center for Diversity & Inclusion Dillman Hall Dillman Hall Fundamentals Fundamentals Fisher Hall Physics, Fisher Hall Physics, Mathematical Sciences Mathematical Sciences Public Safety & Police Services Public Safety & Police Services J. R. Van Pelt & John & Ruanne J. R. Van Archives, Pelt & John & Ruanne Opie Library Library Archives, CenterOpie for Teaching & Learning Center for Teaching & Learning U. J. Noblet Forestry Building U.ofJ.Forest Noblet Forestry School Resources & Building School ofscience Forest Resources & Environmental Environmental Science Practice Fields Sharon Ave. West McNair Hall West McNair Hall East McNair Hall East McNair Hall Central CentralHeating Heating Plant Plant Facilities FacilitiesManagement Management Storage Storage Facilities FacilitiesManagement Management Storage Storage Facilities ces FacilitiesManagement Management Offi Offices Michigan Technological University Townsend Drive Houghton, MI Alumni House Alumni Relations Alumni House Alumni Relations Rozsa Center for the Rozsa Center for the Performing Arts Performing Arts Walker Arts & Arts Humanities Walker & Humanities Humanities, Visual & Performing Arts Michigan Tech Lakeshore Center ( mile) Houghton Ave. US Hwy. (College Ave.) Ruby Ave. Harold Meese Center Seventh Ave. Soccer Fields St. Cl ark College College of Sciences & Arts, & Arts, Center Center of Sciences Humanities, Visual & Performing Arts Sherman Field Tech Trails (cross country skiing, biking, and hiking) Cliff D r. Prince s Point Woodland St. US Hwy. Keweenaw Waterway Woodm ar Dr. Portage Lake Golf Course (. miles) sd r. ne Ma cin t. Ea st S t. es ch Bla n St. be ll Hu b t. an S Vi vi arl St. Pe

25 Degree Programs by College & Level Academic Year School of Business & Economics Economics Global Business College of Aerospace Applied Geophysics Earth Sciences Electrical Electronic Materials Geological Manufacturing Mineral Processing Mining Municipal Polymer Science & Rail Transportation Structural Materials College of Sciences & Arts Aerospace Studies American Studies Art Astrophysics Biochemistry Biological Sciences Biology Teaching Minor College of Adv Electric Power (GR. Cert.) Electric Power Hybrid Elec. Drive Vehicle Eng (GR. Cert) College of Sciences & Arts Actuarial Science Business Analytics Minors Chemistry Chemistry Teaching Minor Coaching Fundamentals Communication Studies Computer Science Computer Science Teaching Minor Diversity Studies Economics Teaching Minor English Teaching Minor Environmental Studies Ethics and Philosophy Fish Biology French French International German German International Historical Studies International Studies Journalism Law and Society Mathematical Sciences Mathematics Teaching Minor Media Production Microbiology Military Arts and Science Music Music Composition Music Performance Pharmaceutical Chemistry Physics Physics Teaching Minor Psychology Social and Behavioral Studies Spanish Spanish International Statistics Teaching Eng Speakers/ Other Language Technical Theatre Theater Arts Writing Interdisciplinary Minors Alternative Energy Technology Bioprocess Ecology Nanoscale Science & Engrg Plant Biotechnology Plant Sciences Remote Sensing School of Technology Data Acquisition & Indust Cont Surveying Pavlis Honors College Enterprise Global Community Develpmt Partn Leadership Certificates Coaching Endorsement PostSecondary STEM Education (GR. Cert.) Teaching Eng Speakers/Oth Lang Interdisciplinary Minors Data Science (GR. Cert.) Geographic Information Systems International Profile (GR. Cert.) Nanotechnology (GR. Cert.) Sustain. Water Resources Systems (GR. Cert.) Sustainability (GR. Cert.) School of Forest Resources & Environmental Science Industrial Forestry

26 Degree Programs by College & Level (cont d) Associate Degrees College of Sciences & Arts School of Technology Humanities Technology Baccalaureate Degrees School of Business & Economics Accounting Economics Management Finance Management Management Information Systems Marketing College of Applied Geophysics Biomedical Chemical Civil Computer Electrical Environmental Geological Geology Materials Science and Engrg Mechanical College of Sciences & Arts Anthropology Applied Physics Audio Production & Technology Biochem & Molec Biology Bioinformatics Biological Sciences Cheminformatics Chemistry Communication, Culture & Media Computer Science English Exercise Science History Liberal Arts Mathematics Medical Laboratory Science Pharmaceutical Chemistry Physics (BA) Physics (BS) Psychology Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BS) School of Technology Computer Network & System Admin Construction Management Electrical Eng Tech (BS) Mechanical Tech Surveying School of Forest Resources & Environmental Science App Ecol & Environ Sci Forestry Wildlife Ecology & Mgmt Natural Resource Mgmt

27 Degree Programs by College & Level (cont d) School of Business & Economics Accounting Applied Natural Resource Econ. Masters of Business Administration College of Biomedical Chemical Civil Computer Electrical Mechanics Environmental Environmental Engrg Science Geological Geology Geophysics Materials Science and Engrg Mechanical Mining College of Biomedical Chemical Civil Computer Electrical Geological Geology Geophysics Materials Science and Engrg Mechanical EngEng Mechanics Mining Masters Degrees College of Sciences & Arts App. Cognitive Sci & Human Fac Applied Science Education Applied Physics Biological Sciences Chemistry Computer Science Cybersecurity Environmental & Energy Policy Industrial Archaeology Kinesiology Mathematical Sciences Physics Rhetoric, Theory and Culture School of Forestry and Applied Ecology For Molec Genetics & Biotec Forest Ecology & Mgmt Forestry Masters of Forestry Masters of Geographic Info. Sci. Interdisciplinary Data Science School of Technology Integrated Geospatial Tech Medical Informatics Doctoral Degrees College of Sciences & Arts App. Cognitive Sci & Human Fac App. Physics Biological Sciences Chemistry Computer Science Environmental & Energy Policy Indust Heritage & Archeology Mathematical Sciences Physics Rhetoric, Theory and Culture Interdisciplinary Atmospheric Sciences Biochemistry/Molecular Biology Computational Science & Engrg Environmental School of Forest Resources & Environmental Science For Molec Genetics & Biotec Forest Science

28 University Accreditation Michigan Tech is accredited by The Higher Learning Commission (HLC). Higher Learning Commission HLC accredits degreegranting postsecondary educational institutions in South LaSalle Street, Suite the North Central region. Accreditation documentation may be reviewed Chicago, IL in the Office of the Provost and Vice President for Academic Affairs and is available online. In addition to the general accreditation, specific programs have been accredited, approved, or recognized by their respective agencies. College of The following engineering programs are accredited by the Accreditation Commission of ABET, biomedical engineering chemical engineering civil engineering computer engineering electrical engineering College of Sciences and Arts The Michigan Board of Education approves the teacher certification programs offered by the College of Sciences and Arts departments. The teacher education program is nationally accredited by the Teacher Education Accreditation Council. In Biological Sciences, the fourthyear instruction in the Medical Laboratory Science + option is carried out in hospitals accredited by the National Accrediting Agency for the Clinical Laboratory Sciences (NAACLS). The Department of Chemistry offers American Chemical Society (ACS) certified Bachelor of Science (BS) degrees in Chemistry, Pharmaceutical Chemistry, and Cheminformatics. The department also participates in interdisciplinary programs including the Biochemistry and Molecular Biology program and the Atmospheric Sciences program. Students pursuing the Chemistry BS School of Business and Economics AACSB International The following bachelor and master degree programs in the School of Business and Economics are accredited by AACSB International the Association to Advance Collegiate Schools of Business, the premier business accrediting organization in the US. Today, there are more than business schools in countries around the globe that have earned accreditation. accounting finance marketing management management information systems Tech MBA (Master of Business Administration) AACSB International South Harbour Island Boulevard, Suite Tampa, FL USA ; (fax) engineering (interdisciplinary or special focus) environmental engineering geological engineering materials science and engineering mechanical engineering degree may also choose an enhanced concentration in one of the following areas: environmental chemistry chemical physics biochemistry polymer chemistry chemistry with secondary education certification The Intensive English as a Second Language (IESL) program is accredited by the Commission on English Language Program Accreditation (CEA). School of Forest Resources and Environmental Science The Society of American Foresters accredits the following degree programs at Michigan Tech: Bachelor of Science in Forestry Master of Forestry Society of American Foresters Grosvenor Lane Bethesda, MD (toll free); (fax) School of Technology The following engineering technology programs are accredited by the Technology Accreditation Commission (ETAC) of ABET, electrical engineering technology mechanical engineering technology The Computer Network and System Administration program is accredited by the Computing Accreditation Commission (CAC) of ABET, The Surveying program is accredited by the Accreditation Commission (EAC) of ABET, The Construction Management program is accredited by the American Council for Construction Education (ACCE), North Loop East, Suite, San Antonio, TX.

29 Faculty & Staff Faculty Data Staff Data Employee Historical Data Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

30 Faculty by Rank & Department October, Tenure/TenureTrack Faculty Headcount Professor Associate Professor Assistant Professor College of Biomedical Chemical Civil & Environmental Electrical and Computer Geological & Mining Eng & Sciences Materials Science and Mechanical EngrgEngrg Mechanics College of College Of Science & Arts Biological Sciences Chemistry Cognitive & Learning Sciences Computer Science Humanities Kinesiology/Integrative Physiology Mathematical Sciences Physics Social Sciences Visual & Performing Arts College Of Science & Arts School Of Business & Economics School Forest Resources & Envir Sci School Of Technology University Number of Tenured / TenureTrack Faculty with Terminal Degrees: DS DMA DSC EDD PHD JD MFA Faculty figures include all full and part time and tenured, tenuretrack and nontenure track instructional and research faculty. Also includes those faculty on sabbatical, unpaid leave of absence, and visiting faculty. Deans, associate deans, department chairs, executives and professional staff with tenure are included in staff figures.

31 Faculty by Rank & Department (cont d) October, NonTenureTrack Faculty Headcount Professor Associate Professor Assistant Professor Instructor* Lecturer** College of Biomedical Chemical Civil & Environmental Electrical and Computer Fundamentals Geological & Mining Eng & Sciences Mechanical EngrgEngrg Mechanics College Of College Of Science & Arts Biological Sciences Chemistry Cognitive & Learning Sciences Computer Science Humanities Kinesiology/Integrative Physiology Mathematical Sciences Physics Social Sciences Visual & Performing Arts College Of Science & Arts School Of Business & Economics School Forest Resources & Envir Sci School Of Technology Provost and VP for Acad Affairs Pavlis Honors College University *Includes Professors of Practice ** Includes Principle Lecturers and Senior Lecturer

32 Faculty by Rank & Department (cont d) October, NonTenureTrack Research Faculty Headcount Professor Associate Professor Assistant Professor Instructor Lecturer College Of Electrical and Computer Geological & Mining Eng & Sciences Materials Science and Mechanical EngrgEngrg Mechanics College Of College Of Science & Arts School Forest Resources & Envir Sci University

33 Tenured/TenureTrack Faculty by Rank October, Professor Associate Professor Professor Associate Professor Assistant Professor % Assistant Professor Assistant Professor Professor % Assistant Professor % Professor % Associate Professor % Associate Professor % All Faculty by Rank October, Professor Associate Professor Professor Associate Professor Lecturer % Lecturer % Instructor % Instructor % Assistant Professor Assistant Professor Professor % Professor % Assistant Professor % Assistant Professor % Associate Professor % Associate Professor % Instructor Instructor Lecturer Lecturer

34 Tenured/TenureTrack Faculty by College October, ALL ALL FACULTY HEADCOUNT FACULTY HEADCOUNT TTT College of College of School of Business Sch Forest Resc & Provost & VP for Sciences & Arts & Economics Env Science Acad Affairs School of Technology College of College of School of Business Sch Forest Resc & Provost & VP for Sciences & Arts & Economics Env Science Acad Affairs School of Technology All Faculty by College TTT October, FACULTY HEADCOUNT FACULTY HEADCOUNT College of College of Sciences & School of Business & Sch Forest Resc & Env School of Technology Arts Economics Science College of College of Sciences & School of Business & Sch Forest Resc & Env School of Technology Arts Economics Science

35 Staff* Headcount by Employee Classification, Type and Gender October, Full Time Part Time Temporary Fixed Term F Professional M F Represented M F Non Represented M F M, F= M= Staff* Headcount by Ethnicity, Gender & Employee Type October, Full Time Not Supplied Part Time Fixed Term Temporary American Indian/ Alaskan Native African American/ Non Hispanic Asian/ Asian American/ Pacific Islander Hispanic/ Hispanic American, Non Citizen, White/ Non Hispanic Multi Racial University F= M= *Excludes nonrepresented temporary employees

36 Staff by Employee Type & Gender October,, Full Time Part Time Temporary Staff Headcount by Employee Classification & Type October, STAFF HEADCOUNT Professional Represented Full Time Part Time Temporary Non Represented Fixed Term Fixed Term

37 Employee Counts by Type* October, to October, Regular Other* Regular Other* Regular Other* Regular Other* Regular Other* Tenured/TenureTrack Faculty School Of Business & Economics College Of Sch Forest Resources & Envir Sci College Of Science & Arts School Of Technology Pavlis Honors College Tenured/TenureTrack NonTenureTrack Faculty School Of Business & Economics College Of Sch Forest Resources & Envir Sci College Of Science & Arts School Of Technology Provost and VP for Acad Affairs Pavlis Honors College NonTenureTrack All Research Faculty College Of Sch Forest Resources & Envir Sci College Of Science & Arts Research Faculty Faculty Staff,,,,,,, NonStudent * "Other" includes all temporary and fixed term employees, except those whom are temporary nonrepresented. Please note that faculty figures include all full and part time tenured, tenuretrack, and nontenure track instructional and research faculty. Also includes those faculty who are on sabbatical, or unpaid leave of absence, or are considered as visiting faculty. Deans, associate deans, department chairs, executives, and professional staff with tenure are included in the staff figures.

38 Tenure/TenureTrack Faculty Counts October, to October, FACULTY HEADCOUNT Staff Counts October, to October,,, STAFF HEADCOUNT,,,

39 All Students Standardized Test Scores Admissions Data Tuition & Fees Financial Aid Data Enrollment Data (current year) Enrollment Data (current & historical) Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

40 Standardized Test Scores & High School Percentile New Freshmen Fall to Fall All Curricula ACT Composite English Math Reading Science SAT Composite Math Verbal Writing,....,....,....,....,....,....,....,....,..... %. %. %. %. %. %. %. %. % H.S. Percentile Average Top Ten Percentile ACT Composite English Math Reading Science SAT Composite Math Verbal Writing,....,....,....,....,....,....,....,....,..... %. %. %. %. %. %. %. %. % H.S. Percentile Average Top Ten Percentile ACT Composite English Math Reading Science SAT Composite Math Verbal Writing,....,....,....,....,....,....,....,....,..... %. %. %. %. %. %. %. %. % H.S. Percentile Average Top Ten Percentile

41 AdmissionsApplied, Accepted, Enrolled by College New Freshmen to Summer & Fall Terms No College Designated Applied Accepted Enrolled School of Business and Economics Applied Accepted Enrolled,,,,,,,,,,,,,,,,,,, Applied Accepted Enrolled Applied Accepted Enrolled,,,,,,,,,,,,,,,,,, College of Applied Accepted Enrolled School of Forest Resources & Environmental Science Applied Accepted Enrolled College of Science & Arts Applied Accepted Enrolled School of Technology AdmissionsApplied, Accepted, Enrolled by Year New Freshmen AdmissionsApplied, Accepted,Summer Enrolled, NEW FRESHMEN to & Fall Terms, NUMBER OF STUDENTS,,,,, YEAR Applied Accepted Enrolled

42 AdmissionsApplied, Accepted, Enrolled by College New Transfer Students to Summer & Fall Terms Applied Accepted Enrolled School of Business and Economics Applied Accepted Enrolled Applied Accepted Enrolled Applied Accepted Enrolled No College Designated College of Applied Accepted Enrolled School of Forest Resources & Environmental Science Applied Accepted Enrolled College of Science & Arts Applied Accepted Enrolled School of Technology AdmissionsApplied, Accepted, Enrolled by Year New Transfer Students NUMBER OF STUDENTS YEAR Applied Accepted Enrolled

43 AdmissionsApplied, Accepted, Enrolled by College Graduate Students to Summer & Fall Terms Applied Accepted Enrolled Applied Accepted Enrolled Applied Accepted Enrolled School of Business and Economics Applied Accepted Enrolled,,,,,,,,,,,, Applied Accepted Enrolled Applied Accepted Enrolled,,,,,,,,,,,, No College Designated Graduate School Interdisciplinary College of Applied Accepted Enrolled School of Forest Resources & Enviornmental Science Applied Accepted Enrolled College of Science & Arts Applied Accepted Enrolled School of Technology AdmissionsApplied, Accepted, Enrolled by Year NUMBER OF STUDENTS Graduate Students,,,,,, YEAR Applied Accepted Enrolled

44 Annual Tuition Fiscal Year to Fiscal Year Resident Undergraduate NonResident Undergraduate Graduate Lower Upper Year Division Divison Masters* Doctors*,,,,,, Graduate Lower Upper Year Division Division Masters* Doctors*,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Required Fees Fiscal Year to Fiscal Year Resident Undergraduate NonResident Undergraduate Graduate Lower Upper Year Division Divison Masters* Doctors* Graduate Lower Upper Year Division Division Masters* Doctors*,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, * Graduate rates based on state definition

45 Tuition & Required Fees Fiscal Year to Fiscal Year Resident Undergraduate NonResident Undergraduate Graduate Lower Upper Year Division Divison Masters* Doctors*,,,,,, Graduate Lower Upper Year Division Division Masters* Doctors*,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, * Graduate rates based on state definition Includes the International Student Surcharge Tuition Rate per Credit Hour Fiscal Year to Fiscal Year Resident Undergraduate NonResident Undergraduate Graduate Lower Upper Year Division Divison Graduate Lower Upper Year Division Division,,,,,,,,,,,, Masters** Doctors** **Graduate rates based on state definition Masters** Doctors**

46 Room & Board Rates Fiscal Year to Fiscal Year Residence Hall Room and Board (Academic Year) Daniel Heights Apartments (Monthly) One Two Three Year Bedroom Bedroom Bedroom Year meals meals meals meals,,,,,,,,,,,, Platinum Gold Silver,,,,,,,,,,,,,,,,,,,,,,,,,,, Hillside Apartments (Academic Year) Single Bedroom in Single Bedroom Shared Apartment, Apartment,,,,,,, Year Double occupancy Includes Residence Hall Student Association Fee

47 Financial Aid Student Budget Fiscal Year Undergraduate Graduate Resident Undergraduate Resident Master's One Semester Two Semesters One Semester Two Semesters Tuition (./credit) ( credits) Mandatory Fees Room & Board* Lab/Course Fees Books & Supplies Personal & Travel Loan Origination Fee,,,,,, Tuition (./credit) ( credits) Mandatory Fees*** Room & Board Lab/Course Fees Books & Supplies Personal & Travel Loan Origination Fee,,,,,,,,,, Resident Undergraduate Commuter** One Semester Resident PhD Two Semesters One Semester Two Semesters Tuition (./credit) ( credits) Mandatory Fees Room & Board* Lab/Course Fees Books & Supplies Personal & Travel Loan Origination Fee,,,,, Tuition (./credit) ( credits) Mandatory Fees*** Room & Board Lab/Course Fees Books & Supplies Personal & Travel Loan Origination Fee,,,,,,,,,, Non Resident Undergraduate One Semester Two Semesters Tuition (,./credit) ( credit) Mandatory Fees Room & Board* Lab/Course Fees Books & Supplies Personal & Travel Loan Origination Fee,,,,,,,, * Gold Meal Plan with Residence Hall Student Association fee included. ** Commuter refers to resident student living at home with family *** Includes the international student surcharge

48 Enrollment of All Students by Major & Class (Includes Online Learning) Fall Enrollment of All Students by Major & Class Fresh Soph Jr Sr Post/ Grad Sp/ Uncl Grad NDS MS PhD No College Designated English as a Second Language Non Degree Seeking (GR) Non Degree Seeking (UG) Post Degree Studies No College Designated IESL NDG NDS PDS School of Business & Economics Accounting Applied Natural Resource Econ. Business Administration Economics Management Finance Management Management Information Systems Marketing Operations and Systems Mgmnt School of Business & Economics BACC BNRE BMBA BEC BEM BFIN BMGT BMIS BMKT BOSM College of Adv Electric Power Applied Geophysics Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Computational Science & Engrg Computer Electric Power Electrical Environmental Mechanics Environmental Environmental Engrg Science General Geological Geology Geophysics Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of CAEP EAG IAS IBMB EBE ECM ECE EPD ECP CEPE EEE EGR EBS EPD EEM EEN EENS EGN EGE EGL EGP EMSE MEEM EME EMG,,,, School of Forest Res. & Envir. Science App Ecol & Environ Sci Applied Ecology Biochemistry/Molecular Biology Computational Science & Engrg Environmental For Molec Genetics & Biotec Forest Ecology & Mgmt Forest Science Forestry Forestry Geographic Information Science Natural Resources Management Wildlife Ecology & Mgmt School of Forest Res. & Envir. Science FES FAE IBMB EPD EPD FMGB FFEM FFS FMF FFR FGIS FNRM FWEM

49 Enrollment of All Students by Major & Class cont d (Includes Online Learning) Fall College of Sciences & Arts Anthropology App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Biochemistry/Molecular Biology Bioinformatics Biological Sciences Cheminformatics Chemistry Communication, Culture & Media Computational Science & Engrg Computer Science Computer Systems Science Data Science Physics English English as a Second Language Environmental & Energy Policy Exercise Science General Sciences and Arts History Humanities Indust Heritage & Archeology Industrial Archaeology Kinesiology Liberal Arts Mathematical Sciences Mathematics Medical Laboratory Science Pharmaceutical Chemistry Physics Physics (BA) Psychology Rhetoric & Tech Communication Rhetoric, Theory and Culture Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BS) College of Sciences & Arts School of Technology Computational Science & Engrg Computer Network & System Admn Construction Management Electrical Eng Tech (BS) General Technology Integrated Geospatial Tech Mechanical Tech Medical Informatics Surveying School of Technology University Fresh Soph SANT SACS SAP SASE IAS SFAT SMBB SMBC IBMB SBI SBL SCHI SCH SCCM EPD SCS SCSY IDS SPE SEN IESL SEEP SESC SGSA SSH SAH SIHA SSM SKIN SHU SMAG SMA SML SCHP SPH SPA SPSY SRC SRTC STA STC SSS SSEN SFSD SSFM SST SEMP SFET EPD TCSA TCMG TEET TGN TGT TMET TMIN TSE Post/ Grad Sp/ Uncl Grad NDS,,,, Jr Sr,, MS PhD

50 Enrollment by Class Fall Doctors % Freshmen % Masters % Grad NDS % Special/ Unclassified % Post Grads % Sophomores % Seniors % Juniors % Enrollment by College Fall School of Technology % No College Designated % School of Business & Economics % College of Sciences & Arts % School of Forest Res & Envir Sci % College of %

51 Enrollment of All Students by College & Class* Fall Fresh Soph Jr Sr Post Grad Sp/ Uncl Grad NDS MS PhD,,,,,,,,,,,,, No College Designated School of Business & Economics College of School of Forest Res & Envir Sci College of Sciences & Arts School of Technology University *Includes Online Learning Enrollment of Students by College & Ethnicity* Fall No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology University *Includes Online Learning Includes Pacific Islander Not Supplied Amer Ind/ Alaskan Native African American/ Non Hispanic Asian/ Asian American Hispanic/ Hispanic American White/ Non Hispanic International Multi Racial,,,,,,,

52 Enrollment of All Students by Class & Ethnicity* Fall Fresh,, Not Supplied American Indian/Alaskan Native African American/NonHispanic Asian/Asian American Hispanic/Hispanic American White/NonHispanic International Multiracial Pacific Islander University Soph,, Jr,, Sr,, Post Grad Sp/ Uncl Grad NDS MS PhD,,, *Includes Online Learning Enrollment of All Students by Class & Ethnicity* Fall NUMBER OF STUDENTS Fresh Soph Jr Sr Post Grad Sp/ Uncl Grad NDS Not Supplied American Indian/Alaskan Native African American/NonHispanic Asian/Asian American Hispanic/Hispanic American White/NonHispanic International Multiracial Pacific Islander MS PhD

53 Enrollment of First Time Freshmen by College & Major* Fall Count School of Business & Economics Accounting Management Finance Management Management Information Systems Marketing School of Business & Economics BACC BEM BFIN BMGT BMIS BMKT College of Applied Geophysics Biomedical Chemical Civil Computer Electrical Environmental General Geological Geology Materials Science and Engrg Mechanical College of EAG EBE ECM ECE ECP EEE EEN EGN EGE EGL EMSE EME School of Forest Resources & Envir. Science App Ecol & Environ Sci Forestry Wildlife Ecology & Mgmt School of Forest Resrcs & Envir Science FES FFR FWEM College of Sciences & Arts Anthropology Applied Physics Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Bioinformatics Biological Sciences Chemistry Computer Science English Exercise Science General Sciences and Arts Liberal Arts Mathematics Medical Laboratory Science Pharmaceutical Chemistry Physics Psychology Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management Statistics Theatre & Entertain Tech (BS) College of Sciences & Arts SANT SAP SFAT SMBB SMBC SBI SBL SCH SCS SEN SESC SGSA SHU SMA SML SCHP SPH SPSY STA STC SSS SSEN SFSD SSFM SST SFET School of Technology Computer Network & System Admn Construction Management Electrical Eng Tech (BS) Mechanical Tech Surveying School of Technology TCSA TCMG TEET TMET TSE University *Includes online learning,

54 Enrollment of New Transfer Students by College, Major & Class* Fall Fresh Jr Sr Spec/ Unclass School of Business & Economics Management Finance Management Management Information Systems Marketing School of Business & Economics BEM BFIN BMGT BMIS BMKT College of Applied Geophysics Biomedical Chemical Civil Computer Electrical Environmental General Geology Materials Science and Engrg Mechanical College of EAG EBE ECM ECE ECP EEE EEN EGN EGL EMSE EME School of Forest Resources & Envir. Science Applied Ecology and Envir Science Forestry Wildlife Ecology & Mgmt Natural Resources Management School of Forest Resrcs & Envir Science FES FFR FWEM FNRM College of Sciences & Arts Anthropology Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Biological Sciences Computer Science English Exercise Science General Sciences and Arts History Humanities Mathematics Medical Laboratory Science Physics Psychology Scientific & Tech Comm (BA) Software Theatre & Entertain Tech (BS) College of Sciences & Arts SANT SFAT SMBB SMBC SBL SCS SEN SESC SGSA SSH SAH SMA SML SPH SPSY STA SSEN SFET School of Technology Computer Network & System Admn Electrical Eng Tech (BS) Mechanical Tech Surveying School of Technology TCSA TEET TMET TSE University *Includes online learning Soph

55 Enrollment of Michigan Students by County (Includes online Learning) Fall * * * * * * * * * Alcona Alger Allegan Alpena Antrim Arenac Baraga Barry Bay Benzie Berrien Branch Calhoun Cass Charlevoix Cheboygan Chippewa Clare Clinton Crawford Delta Dickinson Eaton Emmet Genesee Gladwin Gogebic Grand Traverse Gratiot Hillsdale Houghton Huron Ingham Ionia Iosco Iron Isabella Jackson Kalamazoo Kalkaska Kent Keweenaw Lake Lapeer Number of Students Represented: Upper Peninsula Counties: Lower Peninsula Counties: Number of Michigan Counties Represented: Count * * * * * * Leelanau Lenawee Livingston Luce Mackinac Macomb Manistee Marquette Mason Mecosta Menominee Midland Missaukee Monroe Montcalm Montmorency Muskegon Newaygo Oakland Oceana Ogemaw Ontonagon Osceola Oscoda Otsego Ottawa Presque Isle Roscommon Saginaw Saint Clair Saint Joseph Sanilac Schoolcraft Shiawassee Tuscola Van Buren Washtenaw Wayne Wexford ** Other/Unknown,, Count, * Designates Upper Peninsula County **"Other/Unknown" includes Anne Arundel, Anoka, Bartholomew, Bergen, Brown, Butler, Camden, Cook, Dane, Door, Dorchester, Fairfax, Florence, Greene, Hennepin, Hillsborough, Honolulu, Itasca, Lake, Marinette, Pitt, Price, Saint Louis, San Diego, Santa Rosa, Sawyer, Winnebago, and York.

56 Enrollment of Students by State* (Excludes International Students) Fall Count Alabama Alaska Alberta, Canada Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Percent of Students Represented: Percent of students from Michigan: Percent of students not from Michigan: Number of States Represented: * Includes Online Learning Count, Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico South Carolina South Dakota Tennessee Texas Undefined Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin % %,

57 Enrollment of Students by Country* Fall AFGHANISTAN ANGOLA ARGENTINA BANGLADESH BRAZIL CAMEROON CANADA COLOMBIA CONGO DENMARK DOMINICA ECUADOR ENGLAND ERITREA ETHIOPIA FINLAND FRANCE GERMANY GHANA INDIA INDONESIA IRAN IRAQ ISRAEL ITALY JAMAICA JAPAN JORDAN LIBYA MALAYSIA Percent of students represented: Percent of students from the United States: Percent of students not from the United States: Number of countries represented: * Includes Online Learning Count % % MEXICO NEPAL NETHERLANDS NIGERIA NORWAY PAKISTAN PEOPLE'S REPUBLIC OF CHINA PERU PHILIPPINES REPUBLIC OF CHINA (TAIWAN) RUSSIA RWANDA SAUDI ARABIA SERBIA SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SUDAN SWEDEN SWITZERLAND THAILAND TURKEY UGANDA VENEZUELA VIETNAM ZIMBABWE Count UNITED STATES,,

58 Enrollment by Class* Fall to Fall Freshmen Sophomores Juniors Seniors Unclassified Post Grads Undergraduates Masters Doctors Non Degree Graduates,,,,,,,,,,,,,,, Undergraduates,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Graduates,,,,,,,,,,,,,,,,, * Includes Online Learning Enrollment by Class* Fall to Fall,, NUMBER OF STUDENTS,,,, Freshmen Sophomores Juniors Seniors Unclassified Post Grads Masters Doctors Non Degree

59 Enrollment by Residency & Gender* Fall to Fall Resident,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Non Resident,,,,,,,,,,,,,,,,,,,, International,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, * Includes Online Learning Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,,,,,,, Resident Non Resident International

60 Enrollment by College & Major* Fall to Fall PEO IESL NDG NDS PDS IGCS School of Business & Economics Accounting Applied Natural Resource Econ. Business Business Administration Business Administration Data Science Economics Management Finance Management Management Information Systems Marketing Operations and Systems Mgmnt School of Business & Economics BACC BNRE BUS BBA BMBA IDS BEC BEM BFIN BMGT BMIS BMKT BOSM College of Adv Electric Power Applied Geophysics Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Civil Computational Science & Engrg Computer Design Electric Power Electrical Environmental Mechanics Undeclared Mech Design Environmental Environmental Environmental Engrg Science General Geological Geology Geophysics Hybrid Elec. Drive Vehicle Eng Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of CAEP EAG IAS IBMB EBE ECM EGR ECE EPD ECP CDE CEPE EEE EBS EGR EPD EEM EUN UEP EEN EGR EENS EGN EGE EGL EGP CHEV EMSE MEEM EME EMG,,,,,,,,,, University Extended Programs (Non Dept.) Sponsored Educational Programs Univ. Ext. Programs (Non Dept.) USEP No College Designated Educational Opportunity English as a Second Language Non Degree Seeking (GR) Non Degree Seeking (UG) Post Degree Studies Sustainability No College Designated

61 Enrollment by College & Major* (cont d) Fall to Fall School of Forest Resources & Env. Sci. App Ecol & Environ Sci Applied Ecology Biochemistry/Molecular Biology Computational Science & Engrg Environmental For Molec Genetics & Biotec Forest Ecology & Mgmt Forest Science Forestry Forestry Geographic Information Science Geographic Information Systems Natural Resources Management Wildlife Ecology & Mgmt School of Forest Res. & Envir. Science College of Sciences & Arts Anthropology App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Biochemistry/Molecular Biology Bioinformatics Biological Sciences Business Analytics Cheminformatics Chemistry Coaching Endorsement Communication, Culture & Media Computational Science & Engrg Computer Science Computer Systems Science Data Science Environmental Physics English English as a Second Language Environmental & Energy Policy Environmental Policy Exercise Science General Sciences and Arts General Studies History Humanities Indust Heritage & Archaeology Industrial Archaeology Kinesiology Liberal Arts Mathematical Sciences Mathematics Media Medical Laboratory Science Modern LanguageGerman Pharmaceutical Chemistry Physics Physics (BA) Post Degree State Teach/Cert Psychology Rhetoric & Tech Communication Rhetoric, Theory and Culture Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management State Teaching Certificate Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BA) Theatre & Entertain Tech (BS) Writing College of Science & Arts FES FAE IBMB EPD EPD FMGB FFEM FFS FMF FFR FGIS CGIS FNRM FWEM SANT SACS SAP SASE IAS SFAT SMBB SMBC IBMB SBI SBL CBA SCHI SCH CCE SCCM EPD SCS SCSY IDS EPD SPE SEN IESL SEEP SSEP SESC SGSA SGS SSH SAH SIHA SSM SKIN SHU SMAG SMA CMD SML CGE SCHP SPH SPA PTC SPSY SRC SRTC STA STC SSS SSEN SFSD SSFM STEC SST SEMP SFTT SFET CWR,,,,,,,,,,

62 Enrollment by College & Major* (cont d) Fall to Fall School of Technology Civil Technology Computational Science & Engrg Computer Network & System Admn Construction Management Electrical Eng Tech (AAS) Electrical Eng Tech (BS) Electromechanical Eng Tech Technology General Technology Industrial Technology Integrated Geospatial Tech Mechanical Tech Medical Informatics Surveying Surveying School of Technology TCE EPD TCSA TCMG TEE TEET TEM TAET TGN TINT TGT TMET TMIN TLS TSE University,,,,,,,,,, * Includes Online Learning Enrollment by College Fall to Fall,,, NUMBER OF STUDENTS,,,,,, No College Designated College of School of Forest Resources & Environmental Science College of Sciences & Arts University Extended Programs (Non Dept.) School of Technology

63 Undergraduate Enrollment by College & Major* No College Designated Fall topeo Fall Educational Opportunity English as a Second Language Non Degree Seeking (UG) Degree Studies NoPost College Designated No College Designated Educational Opportunity English as a Second Language School Business & Economics Non of Degree Seeking (UG) Accounting Post Degree Studies Business No College Designated Business Administration Economics School of Business & Economics Accounting Management Finance Business Management Business Administration Management Economics Information Systems Marketing Management Operations Finance and Systems Mgmnt School of Business & Economics Management Management Information Systems College of Marketing Applied Geophysics Operations and Systems Mgmnt Biomedical School of Business & Economics Chemical Civil College of Computer Applied Geophysics Design Biomedical Electric Power Chemical Electrical Civil Computer Undeclared Design Mech Design Electric Power Environmental Electrical General Geological Undeclared Geology Mech Design Hybrid Elec. Drive Vehicle Eng Environmental Materials Science and Engrg General Mechanical Geological College of Geology Hybrid Elec. Drive Vehicle Eng University Programs MaterialsExtended Science and Engrg Sponsored Educational Mechanical Programs College University Programs of Extended Sch of Forest Res & Envir Sci University Extended Programs App Ecol & Educational Environ Sci Programs Sponsored Forestry University Extended Programs Geographic Information Systems Resources Management SchNatural of Forest Res & Envir Sci Wildlife & Mgmt App EcolEcology & Environ Sci Sch of Forest Res & Envir Sci Forestry Geographic Information Systems Natural Resources Management Wildlife Ecology & Mgmt Sch of Forest Res & Envir Sci IESL NDS PDS PEO IESL NDS BACC PDS BUS BBA BEC BEM BACC BFIN BUS BMGT BBA BMIS BEC BMKT BEM BOSM BFIN BMGT BMIS BMKT EAG BOSM EBE ECM ECE ECP EAG CDE EBE CEPE ECM EEE ECE EBS ECP EUN CDE UEP CEPE EEN EEE EGN EBS EGE EUN EGL UEP CHEV EEN EMSE EGN EME EGE EGL CHEV EMSE USEP EME FES USEP FFR CGIS FNRM FWEM FES FFR CGIS FNRM FWEM,,,,,,,,,,,,,,,,,,,,

64 Undergraduate Enrollment by College & Major* (cont d) Fall to Fall College of Sciences & Arts Anthropology Applied Physics Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Bioinformatics Biological Sciences Business Analytics Cheminformatics Chemistry Coaching Endorsement Communication, Culture & Media Computer Science Computer Systems Science English English as a Second Language Exercise Science General Sciences and Arts General Studies History Humanities Liberal Arts Mathematics Media Medical Laboratory Science Modern LanguageGerman Pharmaceutical Chemistry Physics Physics (BA) Post Degree State Teach/Cert Psychology Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management State Teaching Certificate Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BA) Theatre & Entertain Tech (BS) School of Technology University * Includes Online Learning SANT SAP SFAT SMBB SMBC SBI SBL CBA SCHI SCH CCE SCCM SCS SCSY SEN IESL SESC SGSA SGSA SSH SAH SHU SMA CMD SML CGE SCHP SPH SPA PTC SPSY STA STC SSS SSEN SFSD SSFM STEC SST SEMP SFTT SFET,,,,,,,,,, TCE TCSA TCMG TEE TEET TEM TAET TGN TINT TMET TLS TSE,,,,,,,,,, College of Sciences & Arts School of Technology Civil Technology Computer Network & System Admn Construction Management Electrical Eng Tech (AAS) Electrical Eng Tech (BS) Electromechanical Eng Tech Technology General Technology Industrial Technology Mechanical Tech Surveying Surveying

65 Graduate Enrollment by College & Major* Fall to Fall No College Designated Non Degree Seeking (GR) Sustainability NDG IGCS BACC BNRE BBA BMBA IDS CAEP IAS IBMB EBE ECM EGR ECE EPD ECP EEE EGR EPD EEM EEN EGR EENS EGE EGL EGP CHEV EMSE MEEM EME EMG,,,,,,,,, No College Designated School of Business & Economics Accounting Applied Natural Resource Econ. Business Administration Business Administration Data Science School of Business & Economics College of Adv Electric Power Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Civil Computational Science & Engrg Computer Electrical Environmental Mechanics Environmental Environmental Environmental Engrg Science Geological Geology Geophysics Hybrid Elec. Drive Vehicle Eng Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of School of Forest Resources & Environmental Science Applied Ecology FAE Biochemistry/Molecular Biology IBMB Computational Science & Engrg EPD Environmental EPD For Molec Genetics & Biotec FMGB Forest Ecology & Mgmt FFEM Forest Science FFS Forestry FFR Forestry FMF Geographic Information Science FGIS School of Forest Res. & Envir. Science College of Sciences & Arts App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Biochemistry/Molecular Biology Biological Sciences Chemistry Computational Science & Engrg Computer Science Data Science Environmental Physics Environmental & Energy Policy Environmental Policy Indust Heritage & Archaeology Industrial Archaeology Kinesiology Mathematical Sciences Physics Rhetoric & Tech Communication Rhetoric, Theory and Culture SACS SAP SASE IAS IBMB SBL SCH EPD SCS IDS EPD SPE SEEP SSEP SIHA SSM SKIN SMAG SPH SRC SRTC College of Sciences & Arts School of Technology Computational Science & Engrg Integrated Geospatial Tech Medical Informatics School of Technology University * Includes Online Learning EPD TGT TMIN

66 Undergraduate Enrollment by College Fall to Fall,, NUMBER OF STUDENTS,,,,, No College Designated College of School of Forest Res & Envir Sci College of Sciences and Arts School of Technology School of Business & Economics Graduate Enrollment by College Fall to Fall, NUMBER OF STUDENTS, No College Designated School of Business & Economics College of School of Forest Resources & Environmental Science College of Sciences & Arts School of Technology

67 Enrollment of All Students by Ethnicity & Gender* Fall to Fall African American/ Non Hispanic Domestic Not Supplied American Indian/ Alaskan Native Asian/ Asian American** Hispanic/ Hispanic American White / Non Hispanic,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Multi Racial Domestic International * Includes Online Learning ** Includes Pacific Islanders

68 Enrollment by Gender Fall to Fall, NUMBER OF STUDENTS,,,,,,, Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,,,,,, International Domestic

69 Undergraduate Enrollment by Ethnicity & Gender* Fall to Fall American Indian/ Alaskan Native African American/ Non Hispanic Asian/ Asian American** Hispanic/ Hispanic American,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Domestic Not Supplied White / Non Hispanic Multi Racial Domestic International * Includes Online Learning ** Includes Pacific Islanders

70 Undergraduate Enrollment by Gender Fall to Fall Undergraduate Enrollment by Gender, NUMBER OF STUDENTS,,,,,, Undergraduate Enrollment by Residency Fall to Fall Undergraduate Enrollment by Residency, NUMBER OF STUDENTS,,,,,, International Domestic

71 Graduate Enrollment by Ethnicity & Gender* Fall to Fall American Indian/ Alaskan Native African American/ Non Hispanic Asian/ Asian American** Hispanic/ Hispanic American White / Non Hispanic International,,,,,,,,,,, Not Supplied Multi Racial Domestic * Includes Online Learning ** Includes Pacific Islanders

72 Graduate Enrollment by Gender Fall to Fall Graduate Enrollment by Gender, NUMBER OF STUDENTS,,, Graduate Enrollment by Residency Fall to Fall Graduate Enrollment by Residency,, NUMBER OF STUDENTS,, International Domestic

73 Standard Learning Enrollment Data (current year) Enrollment Data (current & historical) Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

74 Enrollment of Standard Learning Students by Major & Class (Excludes Online Learning) Fall Fresh Soph Jr Sr Post Grad Spec/ Uncl Grad NDS MS PhD No College Designated English as a Second Language Non Degree Seeking (GR) Non Degree Seeking (UG) Post Degree Studies No College Designated IESL NDG NDS PDS School of Business & Economics Accounting Applied Natural Resource Econ. Business Administration Data Science Economics Management Finance Management Management Information Systems Marketing School of Business & Economics BACC BNRE BMBA IDS BEC BEM BFIN BMGT BMIS BMKT College of Applied Geophysics Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Computational Science & Engrg Computer Electric Power Electrical Environmental Mechanics Environmental Environmental Engrg Science General Geological Geology Geophysics Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of EAG IAS IBMB EBE ECM ECE EPD ECP CEPE EEE EBS EGR EPD EEM EEN EENS EGN EGE EGL EGP EMSE MEEM EME EMG,,,, Sch of Forest Res & Envir Sci App Ecol & Environ Sci Applied Ecology Biochemistry/Molecular Biology Computational Science & Engrg Environmental For Molec Genetics & Biotec Forest Ecology & Mgmt Forest Science Forestry Forestry Geographic Information Science Natural Resources Management Wildlife Ecology & Mgmt Sch of Forest Res & Envir Sci FES FAE IBMB EPD EPD FMGB FFEM FFS FMF FFR FGIS FNRM FWEM

75 Enrollment of Standard Learning Students by Major & Class (cont d) (Excludes Online Learning) Fall Fresh Soph Jr Sr Post Grad Spec/ Uncl Grad NDS MS PhD College of Sciences & Arts Anthropology App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Biochemistry/Molecular Biology Bioinformatics Biological Sciences Business Analytics Cheminformatics Chemistry Communication, Culture & Media Computational Science & Engrg Computer Science Computer Systems Science Data Science Physics English Environmental & Energy Policy Exercise Science General Sciences and Arts History Humanities Indust Heritage & Archaeology Industrial Archaeology Kinesiology Liberal Arts Mathematical Sciences Mathematics Media Medical Laboratory Science Pharmaceutical Chemistry Physics Physics (BA) Psychology Rhetoric, Theory and Culture Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BS) College of Sciences & Arts SANT SACS SAP SASE IAS SFAT SMBB SMBC IBMB SBI SBL CBA SCHI SCH SCCM EPD SCS SCSY IDS SPE SEN SEEP SESC SGSA SSH SAH SIHA SSM SKIN SHU SMAG SMA CMD SML SCHP SPH SPA SPSY SRTC STA STC SSS SSEN SFSD SSFM SST SEMP SFET, School of Technology Computational Science & Engrg Computer Network & System Admn Construction Management Electrical Eng Tech (BS) General Technology Integrated Geospatial Tech Mechanical Tech Medical Informatics Surveying School of Technology EPD TCSA TCMG TEET TGN TGT TMET TMIN TSE,,,,, University

76 Standard Learning Enrollment by Class Fall ent by Class Doctors % Graduate NDS % Special/ Unclassifieds % Freshmen % Masters % Post Graduates % Sophomores % Seniors % Juniors % Standard Learning Enrollment by College Fall Enrollment by College School of Technology % No College Designated % School of Business & Economics % College of Sciences & Arts % School of Forest Resources & Environmental Science % College of %

77 Standard Learning Undergraduate Enrollment by College Fall No College Designated School of Business & Economics College of School of Technology % No College Designated % School of Business & Economics % Sch. Of Forest Res & Envir. Science College of Sciences & Arts School of Technology College of Sciences & Arts % Sch. of Forest Res & Envir. Science % College of % Standard Learning Graduate Enrollment by College Fall No College Designated School of Business & Economics School of Technology % No College Designated % School of Business & Economics % College of Sch. Of Forest Res & Envir. Science College of Sciences & Arts School of Technology College of Sciences & Arts % Sch. of Forest Res & Envir. Science % College of %

78 Enrollment of Standard Learning Students by Gender, College & Class (Excludes online learning) Fall Post Grad Spl/ Uncl Grad NDS MS PhD,,,,,,,,,,,,,, Fresh Soph School of Business & Economics No College Designated College of, Sch. of Forest Res & Envir. Science College of Sciences & Arts School of Technology University Jr Sr

79 Enrollment of Standard Learning Students by Class & Ethnicity (Excludes online learning) Fall Not Supplied American Indian/Alaskan Native African American/NonHispanic Asian/Asian American Hispanic/Hispanic American White/NonHispanic International Multiracial Pacific Islander Fresh, Soph, Jr, Sr, Post Grad Spec/ Uncl Grad NDS MS PhD,, Grand,,,,, Enrollment of Standard Learning Students by Ethnicity (Excludes online learning) Fall,, NUMBER OF STUDENTS,,,, Not Supplied American Indian / African American Alaskan Native / Non Hispanic Asian / Asian American Hispanic / Hispanic American White / Non Hispanic International Multi Racial Pacific Islander

80 Enrollment of Standard Learning Students by County (Excludes online learning) Fall * * * * * * * * * Alcona Alger Allegan Alpena Antrim Arenac Baraga Barry Bay Benzie Berrien Branch Calhoun Cass Charlevoix Cheboygan Chippewa Clare Clinton Crawford Delta Dickinson Eaton Emmet Genesee Gladwin Gogebic Grand Traverse Gratiot Hillsdale Houghton Huron Ingham Ionia Iosco Iron Isabella Jackson Kalamazoo Kalkaska Kent Keweenaw Upper Peninsula Counties:, Lower Peninsula Counties:, *Designates Upper Peninsula Counties **"Other " includes American Overseas * * * * * * Lake Lapeer Leelanau Lenawee Livingston Luce Mackinac Macomb Manistee Marquette Mason Mecosta Menominee Midland Missaukee Monroe Montcalm Montmorency Muskegon Newaygo Oakland Oceana Ogemaw Ontonagon Osceola Oscoda Otsego Ottawa Presque Isle Roscommon Saginaw Saint Clair Saint Joseph Sanilac Schoolcraft Shiawassee Tuscola Van Buren Washtenaw Wayne Wexford Other/Uknown,

81 Enrollment of Standard Learning Students by State (Excludes online learning) Fall Alabama Alaska Alberta, Canada Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Percent of students from Michigan: Percent of students not from Michigan: Number of states represented:,.%.% Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico South Dakota Tennessee Texas Undefined Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin,

82 Enrollment of Standard Learning Students by Country (Excludes online learning) Fall AFGHANISTAN ANGOLA ARGENTINA BANGLADESH BRAZIL CAMEROON CANADA COLOMBIA CONGO DENMARK DOMINICA ECUADOR ENGLAND ERITREA ETHIOPIA FINLAND FRANCE GERMANY GHANA INDIA INDONESIA IRAN IRAQ ISRAEL ITALY JAMAICA JAPAN JORDAN LIBYA MALAYSIA Percent students from the United States: Percent students not from the United States: Number of countries represented:.%.% MEXICO NEPAL NETHERLANDS NIGERIA NORWAY PAKISTAN PEOPLE'S REPUBLIC OF CHINA PERU PHILIPPINES REPUBLIC OF CHINA (TAIWAN) RUSSIA RWANDA SAUDI ARABIA SOUTH AFRICA SOUTH KOREA SPAIN SRI LANKA SUDAN SWEDEN SWITZERLAND THAILAND TURKEY UGANDA VENEZUELA VIETNAM ZIMBABWE USA,,

83 Enrollment of Standard Learning Students by College & Ethnicity (Excludes online learning) Fall Hispanic/Hispanic American No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology Hispanic/Hispanic American Not Supplied No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology Not Supplied Amer Ind/Alaskan Native No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology White/Non Hispanic No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology,, Amer Ind/Alaskan Native White/NonHispanic, African American/Non Hispanic No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology International No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology African American/Non Hispanic International, Asian/Asian American* No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology Asian/Asian American* NonMinority & International Not Supplied White/Non Hispanic International,, NonMinority & International, * Includes Pacific Islander Multi Racial No College Designated School of Business & Economics College of Sch of Forest Res & Envir Sci College of Sciences & Arts School of Technology Multi Racial Domestic Minority Hispanic/Hispanic American Amer Ind/Alaskan Native African American/Non Hispanic Asian/Asian American Multi Racial Domestic Minority

84 Standard Learning Enrollment by Class Fall to Fall (Excludes online learning) Undergraduates Freshmen Sophomores Juniors Seniors Unclassified Post Grads Undergraduates,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Graduates Masters Doctors Non Degree Graduates Standard Learning Enrollment by Class Fall to Fall,, NUMBER OF STUDENTS,,,, Freshmen Sophomores Juniors Seniors Unclassified Post Grads Masters Doctors Non Degree

85 Standard Learning Enrollment by Residency & Gender (Excludes online learning) Fall to Fall,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Resident Non Resident International University Standard Learning Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,,,,,,, Resident Non Resident International

86 Standard Learning Enrollment by College & Major (Excludes online learning) Fall to Fall,,,,,,,,,,,, No College Designated Educational Opportunity English as a Second Language Non Degree Seeking (GR) Non Degree Seeking (UG) Post Degree Studies Sustainability No College Designated PEO IESL NDG NDS PDS IGCS School of Business & Economics Accounting Applied Natural Resource Econ. Business Business Administration Business Administration Data Science Economics Management Finance Management Management Information Systems Marketing Operations and Systems Mgmnt School of Business & Economics BACC BNRE BUS BBA BMBA IDS BEC BEM BFIN BMGT BMIS BMKT BOSM College of Applied Geophysics Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Civil Computational Science & Engrg Computer Electric Power Electrical Environmental Mechanics Undeclared Mech Design Environmental Environmental Environmental Engrg Science General Geological Geology Geophysics Hybrid Elec. Drive Vehicle Eng Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of EAG IAS IBMB EBE ECM EGR ECE EPD ECP CEPE EEE EBS EGR EPD EEM EUN UEP EGR EEN EENS EGN EGE EGL EGP CHEV EMSE MEEM EME EMG,,,,,,,, Sch of Forest Res & Envir Sci App Ecol & Environ Sci Applied Ecology Biochemistry/Molecular Biology Computational Science & Engrg Environmental For Molec Genetics & Biotec Forest Ecology & Mgmt Forest Science Forestry Forestry Geographic Information Science Geographic Information Systems Natural Resources Management Wildlife Ecology & Mgmt Sch of Forest Res & Envir Sci FES FAE IBMB EPD EPD FMGB FFEM FFS FMF FFR FGIS CGIS FNRM FWEM

87 Standard Learning Enrollment by College & Major (cont d) Fall to Fall College of Sciences & Arts Anthropology App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Biochemistry/Molecular Biology Bioinformatics Biological Sciences Business Analytics Cheminformatics Chemistry Coaching Endorsement Communication, Culture & Media Computational Science & Engrg Computer Science Computer Systems Science Data Science Environmental Physics English English as a Second Language Environmental & Energy Policy Environmental Policy Exercise Science General Sciences and Arts General Studies History Humanities Indust Heritage & Archaeology Industrial Archaeology Kinesiology Liberal Arts Mathematical Sciences Mathematics Media Medical Laboratory Science Modern LanguageGerman Pharmaceutical Chemistry Physics Physics (BA) Post Degree State Teach/Cert Psychology Rhetoric & Tech Communication Rhetoric, Theory and Culture Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management State Teaching Certificate Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BA) Theatre & Entertain Tech (BS) Writing College of Sciences & Arts SANT SACS SAP SASE IAS SFAT SMBB SMBC IBMB SBI SBL CBA SCHI SCH CCE SCCM EPD SCS SCSY IDS EPD SPE SEN IESL SEEP SSEP SESC SGSA SGS SSH SAH SIHA SSM SKIN SHU SMAG SMA CMD SML CGE SCHP SPH SPA PTC SPSY SRC SRTC STA STC SSS SSEN SFSD SSFM STEC SST SEMP SFTT SFET CWR,,,,,,,,,, School of Technology Civil Technology Computational Science & Engrg Computer Network & System Admn Construction Management Electrical Eng Tech (AAS) Electrical Eng Tech (BS) Electromechanical Eng Tech Technology General Technology Industrial Technology Integrated Geospatial Tech Mechanical Tech Medical Informatics Surveying Surveying School of Technology TCE EPD TCSA TCMG TEE TEET TEM TAET TGN TINT TGT TMET TMIN TLS TSE,,,,,,,,,, University

88 Undergraduate Standard Learning Enrollment by College & Major (Excludes online learning) Fall to Fall PEO IESL NDS PDS School of Business & Economics Accounting Business Business Administration Economics Management Finance Management Management Information Systems Marketing Operations and Systems Mgmnt School of Business & Economics BACC BUS BBA BEC BEM BFIN BMGT BMIS BMKT BOSM College of Applied Geophysics Biomedical Chemical Civil Computer Electric Power Electrical Undeclared Mech Design Environmental General Geological Geology Hybrid Elec. Drive Vehicle Eng Materials Science and Engrg Mechanical College of EAG EBE ECM ECE ECP CEPE EEE EBS EUN UEP EEN EGN EGE EGL CHEV EMSE EME,, Sch of Forest Res & Envir Sci App Ecol & Environ Sci Forestry Geographic Information Systems Natural Resources Management Wildlife Ecology & Mgmt Sch of Forest Res & Envir Sci FES FFR CGIS FNRM FWEM No College Designated Educational Opportunity English as a Second Language Non Degree Seeking (UG) Post Degree Studies No College Designated,,,,,,,,,,,,,,,,,,

89 Undergraduate Standard Learning Enrollment by College & Major (cont d) Fall to Fall College of Sciences & Arts Anthropology Applied Physics Audio Production & Technology Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Bioinformatics Biological Sciences Business Analytics Cheminformatics Chemistry Coaching Endorsement Communication, Culture & Media Computer Science Computer Systems Science English English as a Second Language Exercise Science General Sciences and Arts General Studies History Humanities Liberal Arts Mathematics Media Medical Laboratory Science Modern LanguageGerman Pharmaceutical Chemistry Physics Physics (BA) Post Degree State Teach/Cert Psychology Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) Social Sciences Software Sound Design Sports and Fitness Management State Teaching Certificate Statistics Theatre & Electr. Media Perf. Theatre & Entertain Tech (BA) Theatre & Entertain Tech (BS) Writing College of Sciences & Arts SANT SAP SFAT SMBB SMBC SBI SBL CBA SCHI SCH CCE SCCM SCS SCSY SEN IESL SESC SGSA SGS SSH SAH SHU SMA CMD SML CGE SCHP SPH SPA PTC SPSY STA STC SSS SSEN SFSD SSFM STEC SST SEMP SFTT SFET CWR,,,,,,,,,, School of Technology Civil Technology Computer Network & System Admn Construction Management Electrical Eng Tech (AAS) Electrical Eng Tech (BS) Electromechanical Eng Tech Technology General Technology Industrial Technology Mechanical Tech Surveying Surveying School of Technology TCE TCSA TCMG TEE TEET TEM TAET TGN TINT TMET TLS TSE,,,,,,,,,, University

90 Graduate Standard Learning Enrollment by College & Major (Excludes online learning) Fall to Fall No College Designated Non Degree Seeking (GR) Sustainability No College Designated NDG IGCS School of Business & Economics Accounting Applied Natural Resource Econ. Business Administration Business Administration Data Science School of Business & Economics BACC BNRE BBA BMBA IDS College of Atmospheric Sciences Biochemistry/Molecular Biology Biomedical Chemical Civil Civil Computational Science & Engrg Computer Electrical Environmental Mechanics Environmental Environmental Environmental Engrg Science Geological Geology Geophysics Hybrid Elec. Drive Vehicle Eng Materials Science and Engrg Mechanical EngEng Mechanics Mechanical Mining College of IAS IBMB EBE ECM ECE EGR EPD ECP EEE EGR EPD EEM EGR EEN EENS EGE EGL EGP CHEV EMSE MEEM EME EMG Sch of Forest Res & Envir Sci Applied Ecology Biochemistry/Molecular Biology Computational Science & Engrg Environmental For Molec Genetics & Biotec Forest Ecology & Mgmt Forest Science Forestry Forestry Geographic Information Science Sch of Forest Res & Envir Sci FAE IBMB EPD EPD FMGB FFEM FFS FMF FFR FGIS College of Sciences & Arts App. Cognitive Sci & Human Fac Applied Physics Applied Science Education Atmospheric Sciences Biochemistry/Molecular Biology Biological Sciences Chemistry Computational Science & Engrg Computer Science Data Science Environmental Physics Environmental & Energy Policy Environmental Policy Indust Heritage & Archaeology Industrial Archaeology Kinesiology Mathematical Sciences Physics Rhetoric & Tech Communication Rhetoric, Theory and Culture College of Sciences & Arts SACS SAP SASE IAS IBMB SBL SCH EPD SCS IDS EPD SPE SEEP SSEP SIHA SSM SKIN SMAG SPH SRC SRTC School of Technology Computational Science & Engrg Integrated Geospatial Tech Medical Informatics School of Technology EPD TGT TMIN,,,,,,,, University

91 Undergraduate Standard Learning Enrollment by College Fall to Fall,, NUMBER OF STUDENTS,,,,, No College Designated College of School of Forest Resources & Environmental Science College of Sciences & Arts School of Technology School of Business and Economics College of Forest Res annd Envir Sci Graduate Standard Learning Enrollment by College Fall to Fall, NUMBER OF STUDENTS No College Designated School of Business & Economics College of School of Forest Resources & Environmental Science College of Sciences & Arts School of Technology

92 Standard Learning Enrollment by College Fall to Fall,,, NUMBER OF STUDENTS,,,,,, No College Designated College of School of Forest Rescrs & Envir Science College of Sciences & Arts School of Technology School of Business and Economics

93 Undergraduate Standard Learning Enrollment by College Fall School of Technology % No College Designated % School of Business & Economics % College of Sciences & Arts % School of Forest Resources & Environmental Science % College of % Graduate Standard Learning Enrollment by College Fall School of Technology % No College Designated % School of Business & Economics % College of Sciences & Arts % School of Forest Resources & Environmental Science % College of %

94 Enrollment of Standard Learning Students by Ethnicity & Gender* (Excludes online learning) Fall to Fall American Indian/ Alaskan Native African American/ Non Hispanic Asian/ Asian American* Hispanic/ Hispanic American,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Domestic Not Supplied White / Non Hispanic Multi Racial Domestic International University *Includes Pacific Islanders

95 Standard Learning Enrollment by Gender Fall to Fall,, NUMBER OF STUDENTS,,,,,, Standard Learning Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,,,,,, International Domestic

96 Undergraduate Standard Learning Enrollment by Ethinicty & Gender* (Excludes online learning) Fall to Fall American Indian/ Alaskan Native African American/ Non Hispanic Asian / Asian American* Hispanic/ Hispanic American,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Domestic Not Supplied White / Non Hispanic Multi Racial Domestic International University *Includes Pacific Islanders

97 Undergraduate Standard Learning Enrollment by Gender Fall to Fall,, NUMBER OF STUDENTS,,,,, Undergraduate Standard Learning Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,,,,, International Domestic

98 Graduate Standard Learning Enrollment by Ethnicity & Gender (Excludes online learning) Fall to Fall Domestic Not Supplied American Indian/ Alaskan Native African American/ Non Hispanic International University,,, Asian / Asian American* Hispanic/ Hispanic American White / Non Hispanic Multi Racial Domestic *Includes Pacific Islanders

99 Graduate Standard Learning Enrollment by Gender Fall to Fall,, NUMBER OF STUDENTS,, Graduate Standard Learning Enrollment by Residency Fall to Fall,, NUMBER OF STUDENTS,, International Domestic

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101 Degrees Awarded Degrees Awarded Attrition/Retention/ Graduation Rates Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

102 Degrees Awarded by Ethnicity & Gender Fiscal Year to Fiscal Year Certificates* Domestic Not Supplied American Indian/Alaskan Native African American/Non Hispanic Asian/Asian American** Hispanic/Hispanic American White/Non Hispanic Multi Racial Domestic International University *Includes graduate certificates **Includes Pacific Islanders

103 Degrees Awarded by Ethnicity & Gender Fiscal Year to Fiscal Year Associate Degree, Baccalaureate DegreesFirst Major & Second Major American Indian/Alaskan Native African American/Non Hispanic Asian/Asian American* Hispanic/Hispanic American,, Domestic,,,,,,,,, International,,,,,,,,,, Domestic Not Supplied White/Non Hispanic Multi Racial University *Includes Pacific Islanders

104 Degrees Awarded by Ethnicity & Gender Fiscal Year to Fiscal Year Master s Degrees American Indian/Alaskan Native African American/Non Hispanic Asian/Asian American* Hispanic/Hispanic American Domestic Not Supplied White/Non Hispanic Multi Racial Domestic International University *Includes Pacific Islanders

105 Degrees Awarded by Ethnicity & Gender Fiscal Year to Fiscal Year Doctoral Degrees American Indian/Alaskan Native African American/Non Hispanic Asian/Asian American* Hispanic/Hispanic American White/Non Hispanic Multi Racial Domestic International University Domestic Not Supplied *Includes Pacific Islanders

106 Degrees Awarded by Discipline Fiscal Year to Fiscal Year Certificates* School of Business & Economics International Business College of Adv Electric Power Design Electric Power Hybrid Elec. Drive Vehicle Eng Int'l Sustainable Develop. Eng Sch of Forest Res & Envir Sci Geographic Information Systems Industrial Forestry Interdisciplinary Global Technolog. Leadership Sustain. Water Resources Syst. Nanotechnology Sustainability College of Sciences & Arts Actuarial Science Coaching Endorsement Modern Language Chinese Modern LanguageFrench Modern LanguageGerman Media Modern LanguageSpanish Teaching Eng Speakers/Oth Lang Writing Certificates *Includes graduate certificates Degrees Awarded by Discipline Fiscal Year to Fiscal Year Associate Degrees College of Sciences & Arts Humanities School of Technology Technology Civil Technology Electrical Eng Tech (AAS) Electromechanical Eng Tech Forest Technology Mechanical Design Eng Tech Associates

107 Degrees Awarded by Discipline Fiscal Year to Fiscal Year Baccalaureate DegreesFirst Major College of Applied Geophysics Biomedical Civil Chemical Computer Electrical Environmental Geological Geology Mechanical Materials Science and Engrg Sch of Forest Res & Envir Sci App Ecol & Environ Sci Forestry Wildlife Ecology & Mgmt Wood Science College of Sciences & Arts Anthropology Applied Physics Bioinformatics Biological Sciences Communication, Culture & Media Comm and Culture Studies Chemistry Cheminformatics Pharmaceutical Chemistry Clinical Laboratory Science Computer Science Computer Systems Science Health and Physical Education Theatre & Electr. Media Perf. English Exercise Science Audio Production & Technology Theatre & Entertain Tech (BS) Sound Design Theatre & Entertain Tech (BA) Liberal Arts Mathematics Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Medical Laboratory Science Physics (BA) Physics Psychology Software Sports and Fitness Management History Social Sciences Liberal Arts with History Opt Statistics Scientific & Tech Comm (BA) Scientific & Tech Comm (BS) School of Technology Construction Management Computer Network & System Admn Electrical Eng Tech (BS) Technology Industrial Technology Surveying Mechanical Tech Surveying Baccalaureate Degrees,,,,,,,,, School of Business & Economics Accounting Business Administration Economics Management Finance Management Management Information Systems Marketing Operations and Systems Mgmnt

108 Degrees Awarded by Discipline Fiscal Year to Fiscal Year Baccalaureate DegreesSecond Major School of Business & Economics Accounting Economics Finance Management Management Information Systems Marketing Operations and Systems Mgmnt College of Biomedical Computer Electrical Mechanical Materials Science and Engrg Sch of Forest Res & Envir Sci App Ecol & Environ Sci Forestry Wildlife Ecology & Mgmt College of Sciences & Arts Applied Physics Bioinformatics Biological Sciences Communication, Culture & Media Chemistry Pharmaceutical Chemistry Clinical Laboratory Science Computer Science Exercise Science Audio Production & Technology Liberal Arts Mathematics Biochem & Molec BiologyBio Sc Biochem & Molec BiologyChem Medical Laboratory Science Psychology Social Sciences Statistics Scientific & Tech Comm (BS) Baccalaureate Degrees

109 Degrees Awarded by Discipline Fiscal Year to Fiscal Year Master s Degrees School of Business & Economics Accounting Business Administration Business Administration Mineral Economics Applied Natural Resource Econ. College of Biomedical Civil Chemical Computer Electrical Mechanics Environmental Environmental Engrg Science Geological Geology Geophysics Civil Environmental Mechanical Mining Materials Science and Engrg Sch of Forest Res & Envir Sci Applied Ecology Forest Ecology & Mgmt Forestry Geographic Information Science Forestry For Molec Genetics & Biotec College of Sciences & Arts App. Cognitive Sci & Human Fac Applied Phsyics Applied Science Education Biological Sciences Chemistry Computer Science Environmental & Energy Policy Kinesiology Mathematics Mathematical Sciences Physics Rhetoric & Tech Communication Rhetoric, Theory and Culture Environmental Policy Industrial Archaeology School of Technology Integrated Geospatial Tech Medical Informatics Master's Degrees

110 Degrees Awarded by Discipline Fiscal Year to Fiscal Year Doctoral Degrees College of Atmospheric Sciences Biomedical Chemical Civil Computer Electrical Environmental Geological Geology Geophysics Materials Science and Engrg Mechanical EngEng Mechanics Metallurgical & Materials Engr Mining School of Forest Res & Envir Sci Environmental For Molec Genetics & Biotec Forest Science College of Sciences & Arts App. Cognitive Sci & Human Fac Applied Physics Atmospheric Sciences Biochemistry/ Molecular Biology Biological Sciences Chemistry Computational Science & Engrg Computer Science Environmental Physics Environmental & Energy Policy Indust Heritage & Archeology Mathematical Sciences Physics Rhetoric & Tech Communication Rhetoric, Theory and Culture Doctoral

111 Degrees Awarded Degrees Awarded Fiscal Year to Fiscal Year, DEGREE COUNT, Degrees Awarded,, DEGREE COUNT,, Certificates Associate & Baccalaureate Degrees Master's Degrees Doctoral Degrees by College/School Degrees Awarded Certificates, Associate & Baccalaureate Degrees Master's Degrees Doctoral Degrees Degrees Awarded by College/School, Degrees Awarded by College/School DEGREE COUNT Fiscal Year to Fiscal Year, DEGREE COUNT, College of School of Business & Economics School of Technology College of Sciences & Arts School of Forest Resources & Enviro. Science Interdisciplinary (NonDepartmental) College of School of Business & Economics School of Technology College of Sciences & Arts School of Forest Resources & Enviro. Science Interdisciplinary (NonDepartmental)

112 History of Attrition & Retention Rates As of Fall to Fall Fall First Year Attrition for Baccalaureate Degree Seeking Students First Time Students Transfer Students All Students First Year Retention for Baccalaureate Degree Seeking Students First Time Students Transfer Students All Students History of Graduation Rates* As of Fiscal Year to Entering FullTime, FirstTime, Baccalaureate DegreeSeeking Students TwoYear Degree Recipients FourYear Degree Recipients Entering FullTime, FirstTime, Associate DegreeSeeking Students TwoYear Degree Recipients FourYear Degree Recipients Entering FullTime, FirstTime, DegreeSeeking Undergraduate Students TwoYear Degree Recipients FourYear Degree Recipients

113 History of Retention, Completion, and Attrition Rate for Graduate Degree Seeking Students First Term Fall Fall Fall Fall Fall Fall Fall Fall Fall Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition Retention Completion Attrition History of Retention, Completion, and Attrition Rates for Graduate Degree Seeking Students Year Year Year Year Year Year Year Year Year...

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115 Career Center Placement Permanent Job Survey Career Fair Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

116 Knowledge, Placement, and Salary by Department From the Michigan Tech Placement Report Undergraduate

117 Knowledge, Placement, and Salary by Department From the Michigan Tech Placement Report Graduate

118 Coop Salaries and Assignments by Major From the Michigan Tech Placement Report

119 Coop Salaries and Assignments by Major cont d From the Michigan Tech Placement Report

120 Company Participation & Career Statistics From the Michigan Tech Placement Report ment try, oncampus corporate interviews scheduled with students + inclass and group presentations by Career Services in % total placement rate for graduate students te Placement Undergraduate Placement companies on ences ngineering campus gineering onmental Learning Sciences ience Computer Mining Eng. & Sciences Knowledge Rate* Placement Rate Average Salary Median Salary.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%.%,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,., CareerFEST attendees ntegrative Physiology ence & l Sciences ng.eng. Mechanics

121 Finances Statements of: Net Position Revenues, Expenses & Change in Net Assets Notes to the Financial Statements Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

122 Michigan Technological University Statements of Net Position From the Michigan Tech Annual Financial Reports June Assets Current assets Cash and cash equivalents Accounts receivable, net Pledges receivable, net Other assets current assets,,,,,,,,,,,,,,,,,,,,,,, Noncurrent assets Student loans receivable, net Pledges receivable, net of allowance and current portion Restricted cash for capital projects unspent bond proceeds Investments Beneficial interest in charitable remainder trusts Land held for investment Capital assets, net Other assets,,,,,,,,,,,,,,,,,,,,,,,,,,,, noncurrent assets,,,, assets,,,,,,,, Deferred outflows of resources Deferred pension amounts Liabilities Current liabilities Accounts payable Other accrued liabilities Unearned revenue Annuity obligations, current portion,,,,,,,,,,,,,, Insurance and benefit reserves, current portion,,,, Longterm debt, current portion,,,,,,,, current liabilities Noncurrent liabilities Funds held for others Annuity obligations, net of current portion Insurance and benefit reserves, net of current portion Longterm debt, net of current portion Net pension liability,,,,,,,,,,,,,,,, noncurrent liabilities,,,, liabilities,,,,,,, Net investment in capital assets,,,, Restricted: Nonexpendable,,,, Expendable,,,, Deferred inflows of resources Deferred pension amounts Net position Unrestricted (deficit) net position (,,) (,,),,,, The accompanying notes are an integral part of these financial statements.

123 Michigan Technological University Statements of Revenues, Expenses & Changes in Net Position From the Michigan Tech Annual Financial Reports June Revenues Operating revenues Student tuition and fees (net of scholarship allowances of,, and,, in and, respectively) Federal grants and contracts State and local grants and contracts,,,,,,,,,,,,,,,, Educational activities,,,, Departmental activities,,,, Nongovernmental grants and contracts Student residence fees (net of scholarship allowances of,, and,, in and, respectively),,,,,,,,,,,,,,,, Student financial support,,,, Utilities,,,,,,,, operating revenues Expenses Operating expenses Compensation and benefits Supplies and services Depreciation operating expenses,,,, Operating loss (,,) (,,) Nonoperating revenues (expenses) Federal Pell grants,,,, Federal grants, other,, State appropriations,,,, Gifts,,,, (,),, (,,) (,,) Investment return Interest on capital assetrelated debt Loss on disposal of capital assets (,) (,) Net nonoperating revenues,,,, Loss before other revenues (,,) (,,) Capital grants and gifts,,,, Gifts for permanent endowment purposes,,,, Other revenues Other nonoperating revenues other revenues,,, Change in net position Net position,,,,,,,,,,,,,, Net Position Beginning of year End of year The accompanying notes are an integral part of these financial statements.

124 Michigan Technological University Notes to the Financial Statements STATEMENTS NOTES TO THE FINANCIALTech Annual Financial Reports From the Michigan () BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION Reporting Entity Michigan Technological University ( University ) is an institution of higher education and is considered to be a component unit of the State of Michigan because its Board of Trustees is appointed by the Governor of the State of Michigan. Accordingly, the University is included in the State s financial statements as a discretely presented component unit. Transactions with the State of Michigan relate primarily to appropriations for operations, grants from various state agencies, State Building Authority (SBA) revenues, and payments to the state retirement program for University employees. The University has two component units which are described below. The descriptions include the impact that each component unit has on the University. The Michigan Tech Fund ( Fund ) is a legally separate taxexempt component unit of the University. The primary purpose of the Fund is to receive, invest, and disburse gifts received on behalf of the University. The Fund provides services entirely to the University and has substantially the same governing body. The Fund is blended into the University s financial statements because management of the University has operational responsibility for the Fund and the Fund exclusively benefits the University. The June,, audited financial statements of the Fund can be obtained from its office at Townsend Drive, Houghton, MI. The Michigan Tech Entrepreneurial Support Corporation (MTESC) is a legally separate taxexempt component unit of the University. The primary purpose of the MTESC is to support the entrepreneurial and commercial development efforts of the University. The MTESC meets the criteria for blending its financial activity into the University s financial statements. The MTESC provides services entirely to the University and has substantially the same governing body. The University, however, has excluded the MTESC s financial activity from the financial statements due to insignificance. The financial statements include the operations of the University and the Fund, collectively known as the University s financial statements. All significant accounts and transactions between the Fund and the University have been eliminated.

125 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Financial Report Condensed financial information for the Michigan Tech Fund is provided below: Michigan Tech Fund Condensed Statements of Net Position As of June Assets Current assets,,,, Noncurrent assets: Investments,,,,,,,,,,,, Accounts payable to University,, Other,, Noncurrent liabilities,,,, liabilities,,,,,,,,,,,,,,,,,,, Other assets Liabilities Current liabilities: Net position Restricted Nonexpendable Expendable Unrestricted net position

126 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Michigan Tech Fund Condensed Statements of Revenues, Expenses, and Changes in Net Position Year Ended June Operating expenses Supplies and services,,,, Student financial support,,,, operating expenses,,,, (,,) (,,) Gifts,,,, Investment return (,,) Operating loss Nonoperating revenues and expenses Gifts for capital and permanent endowment purposes Other nonoperating revenues Net nonoperating revenues Change in net position,,,,,,,,,,,,,,, Net position Beginning of year End of year,,,,,,,, Michigan Tech Fund Condensed Statements of Cash Flows Year Ended June Cash flows from Operating activities Noncapital financing activities Capital and related financing activities Investing activities Net (decrease) increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Basis of Presentation (,,),,,,,, (,,) (,,), (,,),,,,,, (,,),,,, The accompanying financial statements have been prepared using the economic resource measurement focus and the accrual basis of accounting. In accordance with governmental accounting standards, the University follows all applicable Governmental Accounting Standards Board (GASB) pronouncements. In applying these accounting pronouncements, the University follows the guidance for specialpurpose governments engaged only in business type activities rather than issuing financial statements that focus on accountability of individual funds.

127 Michigan Technological University Notes to the Financial Statements Financial Report From the Michigan Tech Annual Financial Reports Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include, but are not limited to, the allowance for doubtful accounts and pledges receivable, accrued compensated absences, net pension liability, other postemployment benefit liabilities, insurance claims incurred but not reported, fair value of investments that are not readily marketable, and life expectancies for splitinterest gift agreements. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The University considers all highly liquid investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents. On the Statements of Net Position, restricted cash (unspent bond proceeds) is segregated from cash and cash equivalents and included in noncurrent assets. For the Statement of Cash Flows, however, restricted cash is included in the beginning and ending balances of cash and cash equivalents. Pledges Receivable and Gifts Pledges receivable and gifts are recognized at their fair values as revenues in the periods received. Pledges receivable that are expected to be collected in future years are recorded at the present value of estimated future cash flows. All pledges receivable are recorded at their net realizable values. Investments The University s investments in marketable securities are carried at quoted fair market value whenever possible. The University also holds land for investment purposes which functions as an endowment and is recorded at fair value. Fair value is arrived at through independent appraisals of the land and of the timber holdings. Fund investments in marketable securities including hedge funds are carried at quoted fair market value whenever possible. Hedge funds fair values are based on information provided by the administrators of each underlying fund. Real estate and natural resources are accounted for on the equity method. Private equity funds that do not have readily determinable market values as of June are valued based on the most recent available partner capital account balances as reported by the partnerships to the Fund. The partnership valuations involve assumptions and methods that are reviewed by the Fund. Because of the inherent uncertainty of valuations in the absence of a highly liquid market, private equity funds estimated values may differ materially from the values that would have been used if a ready market for the securities existed. Gifts of securities are recorded at their fair value based on the mean of the high and low quoted price of stock transactions at the date of the gift. Except for investments that are not readily marketable or where donors specifically provide otherwise, investments are maintained by custodial institutions responsible for consummating investment transactions at the request of the Fund to facilitate cash flow requirements. The Fund employs an asset allocation investment policy and uses the services of an investment advisor to facilitate the implementation of this policy. Asset allocations are reviewed monthly and rebalanced as necessary. The Fund s Investment Committee of the Board of Directors provides oversight of the investment advisor and makes recommendations to the Board of Directors concerning any changes in the asset allocation. Each month, the Fund allocates and credits investment earnings (including realized and unrealized gains and losses) on nonexpendable restricted, expendable restricted, and unrestricted net position to departmental funds based on an average of each fund s beginning and ending monthly balances. Any unrealized losses on amounts invested for donorrestricted endowments are recorded as expendable restricted to the extent of unexpended earnings of the respective endowment fund. Any unrealized losses in excess of that amount are charged to unrestricted net position. Subsequent unrealized appreciation on the related investments is recorded as unrestricted up to the amount of losses previously absorbed by unrestricted net position.

128 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Capital Assets The University currently uses a, capitalization threshold for capital assets acquired with an estimated useful life in excess of one year. Physical properties are stated at cost when purchased. Other acquisitions are stated at appraised value on date of receipt. Depreciation is provided for physical properties on a straightline basis over the estimated useful life of the property, generally as follows: Classification Life Land improvements and infrastructure years Buildings years Computer equipment years Equipment years Library books years Goodwill The University purchased the assets of Environmental and Emerging Technologies Division (EETD) (a division of Altarum Institute) for a price of. million. The University operates this research center under the name of Michigan Tech Research Institute (MTRI). The purchase price exceeded the value of net assets by, and was considered goodwill. The University does not amortize goodwill. Management annually analyzes the goodwill for impairment. At year end, management concluded there is no impairment of goodwill. Goodwill is included with other assets (noncurrent) on the Statements of Net Position. Revenue Recognition Revenues are recognized when earned. State appropriation revenue is recognized in the period for which it is appropriated. Restricted grant revenue is recognized only to the extent expended. Restricted and unrestricted resources are allocated to the appropriate departments within the University that are responsible for adhering to any donor restrictions. Classification of Revenues The University and the Fund classify revenues as either operating or nonoperating revenues according to the following criteria: Operating Revenues Operating revenues of the University include activities that have the characteristics of exchange transactions, such as () student tuition and fees, net of scholarship discounts and allowances; () auxiliary enterprises net; and () most federal, state, and local grants and contracts and federal appropriations. Nonoperating Revenues Nonoperating revenues of the University include activities that have the characteristics of nonexchange transactions, such as gifts and contributions, state appropriations, investment income, interest on institutional student loans, and other revenue sources that are defined as nonoperating revenues by governmental accounting standards. Classification of Expenses Expenses are recognized when the service is provided or when materials are received. The University and the Fund have classified expenses as either operating or nonoperating expenses according to the following criteria:

129 Michigan Technological University Notes to the Financial Statements Financial Report From the Michigan Tech Annual Financial Reports Operating Expenses Operating expenses include activities that have the characteristics of exchange transactions, such as () employee salaries, benefits, and related expenses; () scholarships and fellowships, net of scholarship discounts and allowances; () utilities, supplies, and other services; () professional fees; and () depreciation expense related to University capital assets. Nonoperating Expenses Nonoperating expenses include activities that have the characteristics of nonexchange transactions, such as interest on capital assetrelated debt and other expenses that are defined as nonoperating expenses by governmental accounting standards. Income Taxes The University is classified as a political subdivision of the State of Michigan under Internal Revenue Code Section (A) and is, therefore, exempt from federal income taxes. Certain activities of the University, to the extent profitable, may be subject to taxation as unrelated business income under Internal Revenue Code Sections to. No such taxes were incurred for either fiscal year presented in this report. The Fund is exempt from federal income taxes under Internal Revenue Code section (c)(). Net Position The University s net position is classified as follows: Net investment in capital assets Capital assets, net of accumulated depreciation, unspent bond proceeds, and outstanding principal balances of debt attributable to the acquisition, construction, or improvement of those assets. Restricted for nonexpendable purposes Net position from gifts and other inflows of assets that represent permanent endowments. Use of these gifts is limited by donorimposed stipulations that neither expire by the passage of time nor can be fulfilled or otherwise removed by the University. Restricted for expendable purposes Net position whose use is subject to externally imposed stipulations that can be fulfilled by actions of the University pursuant to those stipulations or that expire by the passage of time. Such net position includes net appreciation of permanent endowment funds and funds designated for student financial aid and other University programs. Unrestricted Net position that is not subject to externally imposed stipulations. Unrestricted net position may be designated for specific purposes by action of the University s Board of Trustees or may otherwise be limited by contractual agreements with outside parties. Deferred Outflows of Resources In addition to assets, the Statements of Net Position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net position that applies to one or more future periods and so will not be recognized as an outflow of resources (expense) until then. The University reports deferred outflows of resources for certain pensionrelated amounts, such as change in expected and actual experience, changes in assumptions, and certain contributions made to the plan subsequent to the measurement date. More detailed information can be found in Note.

130 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Deferred Inflows of Resources In addition to liabilities, the Statements of Net Position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to one or more future periods and so will not be recognized as an inflow of resources (revenue) until that time. The University reports deferred inflows of resources for certain pensionrelated amounts, such as the difference between projected and actual earnings of the pension plan s investments. More detailed information can be found in Note. Pension For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plan and additions to/deductions from the plan fiduciary net position have been determined on the same basis as they are reported by the plan. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. New Accounting Pronouncements As of July,, the University adopted GASB Statement No., Accounting and Financial Reporting for Pensions. This statement requires that the University recognize a net pension liability on the statement of net position, equal to the University s proportionate share of the net pension liability of the Michigan Public School Employees Retirement System (MPSERS), as defined and calculated in accordance with the new standard. More detailed information can be found in Note. As a result of this change, the University recognized a net pension liability of,, and deferred outflows of resources of,,, which resulted in a decrease in net position of,, as of July,. Reclassification Certain amounts as reported in the financial statements have been reclassified to conform to the presentation. () CASH AND INVESTMENTS Authorizations The University utilizes the pooled cash method of accounting for substantially all of its cash and cash equivalents. The University investment policies are governed and authorized by University Bylaws and the Board of Trustees. The Fund s investment policies are governed by its Board of Directors and the performance of its investments is monitored by its Investment Committee. Interest rate risk Neither the University nor the Fund has a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. Credit risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Investment policies for cash and cash equivalents, as set forth by the Board of Trustees, authorize the University to invest, with limitations, in commercial paper rated within the two highest classifications of prime as established by at least one of the standard rating services. Investments may also be made in securities of the US Treasury and federal agencies, or in mutual funds holding securities of the US Treasury and federal agencies, and in time savings accounts. University policies regarding investments and marketable securities, as set forth by the Board of Trustees, authorize the University to invest in US Treasury obligations; commercial paper rated within the two highest classifications of prime as established by at least one of the standard rating services; federal agency securities; certificates of deposit issued by FDIC insured banks or an NCUA credit union member; or Eurodollar time deposits in Tier,, or banks.

131 Michigan Technological University Notes to the Financial Statements Financial Report From the Michigan Tech Annual Financial Reports Custodial credit risk: deposits For deposits, custodial credit risk is present if the University s deposits would not be covered by depository insurance or collateralized by the bank. State law does not require, and the University does not have, a policy for deposit custodial credit risk. Deposits were reflected in the accounts of the banks of,, and,, as of June, and, respectively. The University had,, and,, exposed to custodial credit risk because the deposits were uninsured or uncollateralized, as of June, and, respectively. Custodial credit risk: investments For an investment, custodial credit risk is the risk that, in the event of the failure of the counter party, the University will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Neither the University nor the Fund has a policy for investment custodial risk. However, all investments are in the name of the University or the Fund, as applicable, and the investments are held in accounts with each financial institution from which they were purchased. Concentration of credit risk Concentration of credit risk is the risk of loss attributed to the magnitude of investment in a single issuer. Neither the University s nor the Fund s investment policy has specific limits on concentration of credit risk. The majority of the University s and Fund s investments are in mutual funds; accordingly, concentration of credit risk is considered to be insignificant. Foreign currency risk Foreign currency risk is the risk that changes in exchange rates will adversely affect the fair value of an investment or deposit. The University and Fund invest in mutual funds whose underlying investments are in foreign currency; however, management of the University and Fund does not believe that there is significant risk as a result of these investments.

132 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Investments and Investment Return Investments, carried at fair value, at June, and, are categorized as follows: Investment Portfolio Marketable securities Equities,, Equity mutual funds,,,, Fixed income mutual funds,,,,,, marketable securities,, Alternative investments Hedge funds Real estate and natural resources Private equity limited partnerships,,,,,,,, alternative investments Precious metals Closelyheld stock investments,,,,,,,,,,,,,, The University s net investment return is comprised of the following for the years ended June, and. Investment Return Dividends and interest Capital gain distributions,,, Net gain on sale of investments Net decrease in the fair value of investments,,,,, (,,) Assetbased management and administrative fees investment return (,) (,),, (,,) (,),,

133 Michigan Technological University Financial Notes toreport the Financial Statements From the Michigan Tech Annual Financial Reports The fair values of investments measured on a recurring basis at June, are as follows: Equities Equity mutual funds Fixed income mutual funds Precious metals Closelyheld stock investments by fair value level Investments measured at the net asset value: Hedge funds Real estate and natural resources Private equity limited partnerships investments at the net asset value investments at fair value Fair Value,,,,,,,,,, Quoted Prices in Active Markets for Identical Assets (Level ),,,,,,, Significant Other Observable Inputs (Level ),,,, Significant Unobservable Inputs (Level ),,,,,,,,,,,,,, At June,, remaining commitments in private equity limited partnerships were,,.

134 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports () RECEIVABLES Accounts receivable of the University are summarized as follows as of June, and. Accounts Receivable Student tuition and fees,, State appropriations Operating,,,,,,,,, Auxiliary activities,, Other,, Capital Grants and contracts Less allowance for doubtful accounts Accounts receivable, net (,),, (,),, In addition, the University has student loans receivable in the amount of,, and,,, recorded at June, and, respectively. These amounts are net of an allowance for uncollectible accounts of, for both years. Pledges receivable of the University are summarized as follows as of June, and. Pledges Receivable Pledges receivable in less than one year Pledges receivable in one to five years Pledges receivable in more than five years,,,,,,,,,, Less: Allowance for uncollectible pledges Present value discount Net pledges receivable (,,) (,,) (,) (,),,,, The present value of future cash flows were estimated using.% over the riskadjusted rate at the date of the gift. Riskadjusted rates range from.% to.%.

135 Michigan Technological University Notes to the Financial Statements Financial Report From the Michigan Tech Annual Financial Reports () CAPITAL ASSETS The following table presents the changes in the capital asset class categories for the year ended June, : Changes in Capital Assets Additions/ Transfers Beginning Balance Disposals/ Transfers Ending Balance Nondepreciable capital assets Land Mineral collections,,,, Timber holdings, (,),,,,, (,),,,, (,,),,,,,, (,,),, Land improvements,, (,),, Infrastructure,,,,,,, (,),,,,,, (,,),, Construction in progress Cost of nondepreciable capital assets Depreciable capital assets Buildings Equipment Library books,,,, (,), Cost of depreciable capital assets,,,, (,,),, cost of capital assets,,,, (,,),,,, (,),, Less: accumulated depreciation Land improvements Infrastructure Buildings Equipment Library books accumulated depreciation Capital assets, net,,,,,,, (,),,,,,, (,,),,,, (,),,,,, (,,),, (,,),,,,,,,,

136 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports The following table presents the changes in the capital asset class categories for the year ended June, : Changes in Capital Assets Additions/ Beginning Balance Transfers Nondepreciable capital assets Land Mineral collections Timber holdings Construction in progress Cost of nondepreciable capital assets,,,,,,,,,,,,,, Disposals/ Transfers Ending Balance (,,) (,,),,,,,,,, Depreciable capital assets Land improvements Infrastructure Buildings Equipment Library books Cost of depreciable capital assets,,,,,,,,,,,,,,,,,,, (,) (,),,,,,,,,,,, cost of capital assets,,,, (,,),, Less: accumulated depreciation Land improvements Infrastructure Buildings Equipment Library books accumulated depreciation,,,,,,,,,,,,,,,,,,, (,) (,),,,,,,,,,, (,,),, Capital assets, net,, Construction in Progress (,,) One of the critical factors in continuing the quality of the University s academic programs, research programs, and residential life is the development and renewal of its capital assets. The University

137 Michigan Technological University Notes toreport the Financial Statements Financial From the Michigan Tech Annual Financial Reports continues to maintain and amend its longrange capital plan to modernize its complement of older facilities balanced with new construction. Construction in progress reflects multiyear projects which, once completed and placed into service, are categorized as buildings, land improvements, and infrastructure. At June, and, respectively, construction in progress consisted of several building renovation projects and the costs of one new building as detailed below. Construction in Progress Project Daniell Heights Apartments renovations, Retail Dining remodel, McNair Residence Hall renovations, Safety upgrades, Sherman Field upgrades, Dillman Hall renovations, Undergraduate chemical laboratory upgrades, STEM Facility Other projects,,,,,, The estimate to complete the above construction projects approximated. million at June,. The expected sources of financing for these projects are University funds and private gifts. () LINE OF CREDIT The University has an unused line of credit arrangement with one bank, under which it may borrow up to million. This agreement is set at variable rates of interest, based on the day London Interbank Offered Rate ( LIBOR ) plus basis points. There were no amounts outstanding under the line of credit at June, and. There are no restrictive covenants associated with this line of credit. The line of credit expires on January,. () ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES Accounts payable and other accrued liabilities of the University are summarized as follows as of June, and. Accounts Payable Vendors for supplies and services,,,, Employee benefits,,,, Construction payables,,,, accounts payable,,,, Other Accrued Liabilities Payroll and payroll taxes Compensated absences Deposits payable other accrued liabilities,,,,,,,,,,,,,,

138 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports () NONCURRENT LIABILITIES Noncurrent Liabilities General revenue bonds General revenue bonds, As of June, Beginning Additions Balance General revenue and refunding bonds, General revenue bonds, A/B General revenue bonds, A General revenue and refunding bonds, A, Ending Balance Reductions, Current Portion,,,,,,,,,,,,,,,,,,,,,,,,,, General revenue refunding bonds, A,,,,, General revenue bonds, A,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, bonds payable Bond premium Capital lease debt Other liabilities Insurance and postemployment benefits Funds held for others Annuity and pooled income obligations,,,,,,,,,,,,,,,,,,, Due within one year,, (,,) noncurrent liabilities (excluding net pension liability),, Noncurrent Liabilities General revenue bonds General revenue bonds, General revenue and refunding bonds, As of June, Beginning Additions Balance, Ending Balance Reductions,, Current Portion,,,,,,,,,,,,,,,,,,, General revenue and refunding bonds, A,,,,,,,, General revenue refunding bonds, A,,,,,,,,,,,,,,,,,,,,,,,,,,, General revenue bonds, A/B General revenue bonds, A General revenue bonds, A bonds payable Bond premium Capital leases debt,,,,,,,,,,,,,,,,,,,,,,,,,,,, Other liabilities Insurance and postemployment benefits Funds held for others Annuity and pooled income obligations,,,,,,, Due within one year noncurrent liabilities (excluding net pension liability),,,,,,, (,,),,,,,

139 Michigan Technological University Financial Report Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Bonds The principal and interest on bonds are payable only from certain general revenues. The obligations are generally callable. Premiums on bonds payable are recorded in total and amortized over the life of the bonds using straight line amortization. All bonds of the University, unless otherwise specified, have received an underlying rating of A from Moody s. During fiscal year, the University s Board of Trustees approved the issuance of bonds for the general campus renovation project and the addition of a child care center. On July,, the University issued. million of General Revenue Bonds, Series. These bonds bear interest at an average rate of.% and mature at various dates from October through October. These General Revenue Bonds are limited obligations of the bond payable from and secured solely by an irrevocable pledge of General Revenues as provided in the indenture. These bonds are rated Aaa by Moody s due to a municipal bond insurance policy. Outstanding principal of. million was refunded with the Series A bonds. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue Refunding Bonds, Series in the amount of. million. The proceeds of this bond issue were used to refund the million of Series bonds outstanding with the remainder funding the remodeling of the Michigan Tech Lakeshore Center building, remodeling of the Memorial Union ballroom and providing initial construction funds for the Keweenaw Research Center. These bonds bear fixed interest rates at.% to.% and mature at various dates from October through October. These bonds are secured by an irrevocable pledge of general revenues as provided in the indenture. Outstanding principal of. million was refunded with the series A bonds. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue Bonds, Series A and B. The combined amount of bonds issued was. million. Series A, in the amount of. million, was issued as taxable Build America Bonds. Under this federal program, % of the interest related to this bond issue in the principal and interest amounts due is anticipated to be paid by the federal government for the life of the Build America Bonds. This bond series consists of serial bonds in the amount of. million with maturities of October through October and interest

140 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports rates ranging from.% to.%. Two term bonds totaling. million were also issued in this series. The first term bond in the amount of. million matures in October and bears an interest rate of.%. The second term bond in the amount of. million matures in October and bears an interest rate of.%. Series B, issued as a taxexempt bond in the amount of, matured in October. The proceeds of this bond issue were used to construct a student residential facility and for the construction of a new facility at the Keweenaw Research Center. These bonds are secured by an irrevocable pledge of general revenues as provided in the indenture. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue Bonds, Series A in the amount of. million. The Series A bonds were issued as taxable Build America Bonds. Under this federal program, % of the interest related to this bond issue in the principal and interest amounts due is anticipated to be paid by the federal government for the life of the Build America Bonds. This bond series consists of serial bonds in the amount of. million with maturities of October through October and interest rates ranging from.% to.%. Three term bonds totaling. million were also issued in this series. The first term bond in the amount of. million matures in October and bears an interest rate of.%. The second term bond in the amount of. million matures in October and bears an interest rate of.%. The third term bond in the amount of. million matures in October and bears an interest rate of.%. The proceeds of this bond issue were used to construct, acquire, and equip new research facilities and to construct and equip a new museum building. These bonds are secured by an irrevocable pledge of general revenues as provided in the indenture and have been rated as Aa by Moody s. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue and Refunding Bonds, Series A in the amount of. million. The proceeds of this bond issue were used to partially refund Series bonds in the amount of. million, to partially refund Series bonds in the amount of. million with the remainder funding the replacement of the ice plant and rink slab in the hockey arena and partial replacement of the roof of the Student Development Center. The Series bonds refunded were called for redemption on April, and the Series bonds refunded were called for redemption on October, each at a redemption price equal to % of the principal amount plus accrued interest. The A bond series consists of serial bonds in the amount of. million with maturities of October through October and interest rates ranging from.% to.%. The issue also included two term bonds totaling. million. The first term bond in the amount of. million matures in October and bears an interest rate of.%. The second term bond in the amount of. million matures in October and bears an interest rate of.%. These bonds are secured by an irrevocable pledge of general revenues as provided in the indenture and have been rated as Aa by Moody s. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue Refunding Bonds, Series A in the amount of. million. The proceeds of this bond issue were used to refund Series bonds in the amount of. million and to partially refund Series bonds in the amount of. million. The Series bonds to be refunded will be called for redemption on April, at a redemption price equal to % of the principal amount to be redeemed plus accrued interest to the redemption date. Principal and interest on the Series bonds will be paid at maturity on October,, October,, and October,, respectively. The advance refunding of the. million of Series bonds and the. million of Series bonds provided resources to purchase US government securities that were placed in an escrow fund for the purpose of generating resources for all future debt service payments on. million of refunded debt. The A bond series consists of serial bonds in the amount of. million with maturities of October through October and

141 Michigan Technological University Financial Notes toreport the Financial Statements From the Michigan Tech Annual Financial Reports interest rates ranging from.% to.%. The issue also included three term bonds totaling. million. The first term bond in the amount of. million matures in October and bears an interest rate of.%. The second term bond in the amount of. million matures in October and bears an interest rate of.%. The third term bond in the amount of. million matures in October and bears an interest rate of.%. These bonds are secured by an irrevocable pledge of general revenues as provided in the indenture and have been rated as A by Moody s. During fiscal year, the University s Board of Trustees approved the issuance of General Revenue Bonds, Series A in the amount of. million. The proceeds of this bond issue will be used to renovate Daniell Heights student apartments, construct a fuel storage tank facility, renovate a campus dining facility, upgrade information technology and safety systems, renovate a chemical storage facility and undergraduate laboratories, and renovate bathrooms in the McNair Hall dormitory. The bonds bear fixed interest rates ranging from.% to.%, and mature at various dates from October through October. All bonds of this issuance are rated A by Moody s;. million of the issuance are insured and rated AA by Standard & Poor s. At June,, the amount that remains in escrow to refund Series bonds and partially refund Series bonds was. million. Principal and Interest Amounts Due on Bonded Debt For Fiscal Years Ending June Fiscal Year Principal,, Interest,,,,,,,,,,,,,,,,,,,,,,,,,,,, years,,,,,, to,,,,,, to,,,,,, to,,,,,, to,,,,,, to bonds,,,,,,,,,,, Capital and Operating Lease Obligations At June,, the capitalized cost of equipment purchased under capital leases was. million, and its net book value was,. Commitments and related rental expenses for the University under operating leases with initial or remaining noncancelable lease terms in excess of one year as of and for the years ended June, and are insignificant. Scheduled Maturities of Capital Leases For Fiscal Year Ending June Fiscal Year lease payments Principal,, Interest,,,,

142 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports () INSURANCE SelfInsurance The University is essentially selfinsured for medical benefits claims, unemployment compensation, and workers compensation. Stoploss coverage has been purchased by the University for its workers compensation coverage. Liabilities for estimates of losses retained by the University under selfinsurance programs have been determined and accrued for and included in insurance and benefit reserves on the accompanying Statements of Net Position. Changes in the estimated liability for selfinsured plans during the past two fiscal years are as follows: SelfInsured Claims Liability Balance, beginning of year Claims incurred, including changes in estimates Less: claims paid Balance, end of year,,,,,,,, (,,) (,,),,,, Liability and Property Insurance The University participates with eleven other Michigan universities in the Michigan Universities SelfInsurance Corporation ( MUSIC ). MUSIC s purpose is to provide indemnity to members against auto, comprehensive general liability, errors and omissions, and property losses commonly covered by insurance. Premiums are assessed annually for () insurance risks retained by MUSIC, () costs related to excess coverage, and () general and administrative expenses. MUSIC also provides riskmanagement and loss control services and programs. Loss coverages are structured on a threelayer basis with each member retaining a portion of its losses, MUSIC covering the second layer of losses, and commercial carriers covering the third layer. Comprehensive general liability coverage is provided on a peroccurrence basis; errors and omissions coverage is provided on a claimsmade basis. In the event of excess assets, MUSIC will return the surplus, credit the surplus toward future payments, or provide for increased coverage. Recommended reserves for both MUSIC and each member are actuarially determined on an annual basis. MUSIC will be selfsustaining through member payments and will purchase commercial coverage for claims in excess of established annual limits for each line of coverage. Members may fund their respective reserves as they deem appropriate. () POSTEMPLOYMENT BENEFITS Retirement Plans The University has a defined contribution retirement plan and a defined benefit retirement plan for qualified employees. The defined benefit plan is closed to new participants, unless they were previously enrolled in the plan at the University or enrolled in the plan at one of the other six participating universities in Michigan. Defined Contribution Plan The University has a defined contribution plan with Teachers Insurance and Annuities Association College Retirement Equities Fund (TIAACREF) and Fidelity. All employees who work at least threequarter time are eligible to participate in the defined contribution plan.

143 Michigan Technological University Financial Notes toreport the Financial Statements From the Michigan Tech Annual Financial Reports For employees hired between December, and December,, employer contributions began two years after date of hire or age whichever was sooner. For employees hired on or after January,, employer contributions begin immediately, and employee benefits vest immediately. Plan participants maintain individual investment accounts with TIAACREF and/or with Fidelity Investments. At June, and, the University had approximately, plan participants. Employees may also deposit supplemental retirement funds into (b) and/or (b) plans up to permissible limits. The University contributes a specified percentage of employee wages and has no liability beyond its own contribution. University contributions to this program are summarized in the Retirement Plan Contributions table. Prior to January,, the University would contribute.% of participating employee s salary to the employee s investment account and would then match up to an additional.% of employee s voluntary contribution. On January,, participating employees were given a choice between a plan and a.. plan. Under the plan, the University would contribute.% of an employee s base salary and will then match up to.% of base salary contributed by a participating employee. Employees who chose this plan also received a.% salary increase. Employees who chose the.. plan received no base contribution from the University but received a matching contribution of up to.% of base salary along with a.% increase in base salary. Employees hired after January, will participate in the.. plan. Defined Contribution Retirement Plan Contributions University contributions to TIAACREF/Fidelity,,,,,, Payroll covered under TIAACREF/Fidelity,,,,,, Defined Benefit Plan The University contributes to the Michigan Public School Employees Retirement System (MPSERS), a costsharing multiemployer pension plan administered by the State of Michigan Department of Management and Budget, Office of Retirement Services. Benefit provisions are established and may be amended by state statute. Due to State of Michigan House Bill HB, University employees hired after December, can no longer participate in this retirement plan, unless they were previously enrolled in the plan at the University or one of the other six universities that are part of MPSERS. The Office of Retirement Services issues a publicly available financial report that includes financial statements and required supplementary information for MPSERS. That report may be obtained by writing to Michigan Public School Employees Retirement System, Harris Drive, P.O. Box, Lansing, Michigan, or by calling (). University participants are enrolled in one of multiple plans based on date of hire and certain voluntary elections. A summary of the pension plans offered by MPSERS is as follows: Plan Name Member Investment Plan (MIP) Basic Defined Contribution Plan Type Defined Benefit Defined Benefit Defined Contribution Plan Status Closed Closed Open The Member Investment Plan (MIP) includes additional subgroups based on hire date. The MIP Fixed plan includes members hired prior to January,. The MIP Graded plan includes members first hired from January, through December,. The MIP Plus plan includes members first hired from July, through June,. Members who initially enrolled in the MIP plan and made a voluntary election to contribute a higher rate are participants in the MIP % plan. Members hired between July, and September, were enrolled in the Pension Plus plan. Members hired on or after September, are automatically enrolled in this plan unless an election is

144 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports made to participate in the defined contribution plan. The plan includes a pension component as well as a savings component. Member contributions to the savings component are matched at a rate of % by the employer (up to a maximum of %) and invested in a (k) plan. Effective February,, members that initially enrolled in MIP were provided the option to convert to a defined contribution plan (Basic %). In these instances, any service credit accumulated under the defined benefit plan before February, is retained. For service performed after this date, the converted plan member receives % employer contributions to a personal (k) account. A member first enrolling in MPSERS on or after September, may elect to enroll in the defined contribution plan. Employer and employee contribution rates and vesting requirements are consistent with the defined contribution component of the Pension Plus plan as described above. Benefits Provided MPSERS provides retirement, death, disability and postemployment benefits to eligible participants. Retirement benefits are calculated as a percentage of the employee's final average compensation multiplied by the employee's years of service. All participants qualify for a benefit multiplier of.% for the first years of service. Certain benefit groups receive a reduced rate of.% for service above years. Disability benefits are calculated the same as regular service retirement. Participants are eligible to receive full retirement benefits upon reaching the age and years of service requirements below. Most plans offer additional options for early retirement if certain stipulations have been met. Voluntary contributions vest immediately. Plan Name Member Investment Plan (MIP) Basic Defined Contribution Eligibility Based on Years of Service Age with years or age with years Age with years or age with years Age with years or age with years Vesting years years years Contributions Employer contributions to the plans are based on a percentage of covered payroll that has been actuarially determined as an amount that, when combined with employee contributions, is expected to finance the cost of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Member contributions are determined based on date of hire and the plan selected. During fiscal year, the University was invoiced monthly an amount that approximated.% of covered payroll for "MPSERS UAAL Stabilization." This additional contribution is offset by monthly State aid payments equal to the amounts actually billed by the Office of Retirement Services. Employer contribution requirements for pension and retiree healthcare, inclusive of the MPSERS UAAL Stabilization, ranged from.% to.% of covered payroll. Plan member contributions range from.% to.% of covered payroll. The University s contributions to MPSERS under all pension plans as described above for the years ended June,,, and were,,,,,, and,,, respectively, equal to the required contributions for each year.

145 Michigan Technological University Financial Notes to Report the Financial Statements From the Michigan Tech Annual Financial Reports Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June, and, the University reported a liability of. million and. million respectively, for its proportionate share of the net pension liability. The net pension liability was measured as of September, and, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The University s proportion of the net pension liability was based on a projection of the University s longterm share of contributions to the pension plan relative to the projected contributions of all participating universities, actuarially determined. At September, and, the University s proportion (as calculated by MPSERS) was.% and.%, respectively. For the years ended June, and, the University recognized pension expense of. million and. million, respectively. At June, and, the University reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Differences between expected and actual experience Contributions subsequent to measurement date Changes in proportionate share and differences between contributions and proportionate share of contributions Net difference between projected and actual earnings on pension plan contributions Deferred Outflows of Resources,,, Deferred Inflows of Resources, Net Deferred Outflows of Resources,,,,,,,,, Changes in assumptions Contributions subsequent to measurement date Changes in proportionate share and differences between contributions and proportionate share of contributions Net difference between projected and actual earnings on pension plan contributions,,, Deferred Outflows of Resources,,,, Deferred Inflows of Resources Net Deferred Outflows (Inflows) of Resources,,,,,,,,,,,, (,,), The amount of deferred outflows of resources related to University contributions subsequent to the measurement date will be recognized as a reduction in the net pension liability for the fiscal year ending June,. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized in pension expense as follows: Fiscal Year Amount, (,) (,),,,

146 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Actuarial Assumptions The total pension liability in the September, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Wage inflation Salary increases Investment rate of return Cost of Living adjustments Healthcare cost trend rate.%.% to.%, including wage inflation of.% % (% for the PensionPlus plan), net of pension plan investment expenses, including inflation.% annual, noncompounded for MIP members.% year graded to.% year The mortality table used in this valuation was the RP and Combined Healthy Life Mortality Table, adjusted for mortality improvements to using projection Scale BB. For retirees, % of the table rates were used. For active members, % of the table rates were used for males and % of the table rates were used for females. Assumption changes as a result of an experience study for the periods through have been adopted by MPSERS for use in the annual pension valuations beginning with the September, valuation. The longterm expected rate of return on pension plan investments was determined using a buildingblock method in which the bestestimate of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the longterm expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Asset Class Domestic equity pools Alternative investment pools International equity pools Fixed income pools Real estate and infrastructure pools Absolute return pools Shortterm investment pools Target Allocation.%.%.%.%.%.%.%.% Inflation Investment rate of return LongTerm Expected Real Rate of Return.%.%.%.%.%.%.% Expected MoneyWeighted Rate of Return.%.%.%.%.%.%.%.%.%.% Discount Rate The discount rate used to measure the total pension liability is.%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that the University s contributions will be made at contractually required rates, actuarially determined. Based on those assumptions, the pension plan s fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees.

147 Michigan Technological University Notes toreport the Financial Statements Financial From the Michigan Tech Annual Financial Reports Therefore, the longterm expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the University, calculated using the discount rate of.%, as well as what the University s net pension liability would be if it were calculated using a discount rate that is % lower (.%) or % higher (.%) than the current rate: Fiscal Year NET PENSION LIABILITY Current % Decrease Discount Rate (.%) (.%),,,,,,,, % Increase (.%),,,, Pension Plan Fiduciary Net Position Detailed information about the pension plan s fiduciary net position is available in the separately issued MPSERS financial statements available on the State of Michigan Office of Retirement Services website at Other Postemployment Benefits Retirees enrolled in MPSERS before December, have the option of participating in the Premium Subsidy plan, a defined benefit postemployment healthcare plan, which is funded by employers on a cash disbursement basis. The State of Michigan has contracted to provide the comprehensive group medical, hearing, dental and vision coverage for retirees and beneficiaries. All health care benefits are on a selffunded basis. A significant portion of the premium is paid by MPSERS with the balance deducted from the monthly pension. Employer contributions range from.% to.% of covered payroll. Plan participants contribute.% of covered payroll to the Retiree Healthcare Fund. At retirement, these individuals receive a subsidy for healthcare premiums that covers up to % of cost. Plan members enrolled on or after September, participate in the Personal Healthcare Fund. This defined contribution other postemployment benefits plan includes a required.% employee contribution into a personal taxdeferred account, which is matched by an additional.% employer contribution. Employees are fully vested in these contributions which can be used, along with earnings thereon, to pay for postemployment healthcare expenses. Plan members working prior to September, were given the option to convert from the Premium Subsidy plan to the Personal Healthcare Fund option. Effective February,, these members are no longer required to make the.% employee contribution. Amounts paid into the Retiree Healthcare Fund between September, and February, were credited to each individual s Personal Healthcare Fund account. Any contributions made prior to September, are pending a Supreme Court resolution. The University s contributions to MPSERS for other postemployment benefits amounted to. million,. million, and. million for the years ended June,,, and, respectively. Retirement Supplemental Voluntary Plan The University has a Retirement Supplemental Voluntary Plan (RSVP) to facilitate the voluntary retirement of eligible employees. The RSVP is not an early retirement program. The decision to retire is left to the discretion of the individual employee and remains entirely voluntary. However, if an employee decides to retire, the RSVP provides several options upon retirement: a monetary option; a phased retirement option; a combination of the monetary and phased retirement options; and a program for employment after retirement. The University recognizes the related costs in the year the employee decides to retire. The value of the RSVP liability was approximately and, at June, and, respectively.

148 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports Health Care Plan Plan Description The University currently offers retirees a selffunded preferred provider health care plan (MTUPPO) administered by Blue Cross Blue Shield of Michigan. The University follows the COBRA regulations for its terminated employee s health care plan. MTUPPO provides medical, dental, and vision insurance benefits to eligible participants in the TIAACREF plan. Funding Policy The contribution requirements of the plan members are established annually by the University. The required contribution is based on annual projected payasyou go financing requirements. Prior to, the University utilized its COBRA rates as the full cost value of early retiree medical and dental benefits. Depending upon specific fiscal years of retirement, these nonmedicare retirees paid a certain percentage of this COBRA rate. Even for those early retirees where their contribution requirement was % of the COBRA rate, there was an implied subsidy as the ageadjusted full cost for premedicare eligible retirees is significantly higher. Beginning in, the University began a seven year phase out of the subsidy implied when utilizing the COBRA rates so that starting on January, retiree contributions were established on the expected full cost of the retiree medical and dental plans (premedicare and Medicare eligible populations). Annual OPEB Cost and Net OPEB Obligation The University s annual other postemployment benefit (OPEB) cost is calculated based on the annual required contribution (ARC) of the employer, an amount actuarially determined in accordance with the parameters of generally accepted accounting principles. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table shows the components of the University s annual OPEB cost, the amount actually contributed to the plan, and changes in the University s net OPEB obligation for the years ending June, and respectively: OPEB Cost and Obligation Annual required contribution,, Interest on net OPEB obligation,, Adjustment to annual required contribution (,) (,) Annual OPEB cost,, Contributions made benefits paid (payasyou go) (,) (,) Decrease in net OPEB obligation (,) (,) Net OPEB obligation beginning of year,, Net OPEB obligation end of year,, The University s historical annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation are as follows: Historical Annual OPEB Cost and Net OPEB Obligation Fiscal Year Ended June, June, June, Percentage of Annual OPEB Cost Contributed % % % Annual OPEB Cost,,, Net OPEB Obligation,,,

149 Michigan Technological University Notes to the Financial Statements Financial Report From the Michigan Tech Annual Financial Reports Funded Status and Funding Progress The University has not prefunded any of its OPEB liability, nor does it presently intend to prefund its OPEB liability. Therefore, as of June,, the most recent actuarial valuation date, the Plan was % funded. Schedule of Funding Progress Actuarial Valuation Date Actuarial Value of Assets* June, Actuarial Accrued Liability (AAL) Unit Credit (a) Unfunded AAL (UAAL) Funded Ratio (b)(a) (a)/(b) (b),,,,.% UAAL as a Percent of Covered Payroll Covered Payroll (c),, ((b)(a))/(c).% June,,,,,.%,,.% June,,,,,.%,,.% *Actuarial value of assets are because the University has not prefunded this OPEB liability. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment, mortality, and the health care cost trend. Amounts determined regarding the funded status of the plan and annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, as shown above, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Actuarial Methods and Assumptions Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of shortterm volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the longterm perspective of the calculations. The actuarial valuations performed for the University use the unit credit actuarial cost method. For pre year old retirees, the health care trend assumptions were.% in grading down by.% each year to.% in and then by.% until.% in year and each year thereafter. For post year old retirees, the health care trend assumptions were.% in grading down by.% each year to.% in and then by.% to.% in year and each year thereafter. The assumptions for dental benefits were.% in and each year thereafter. The assumptions also included a.% salary scale assumption. The UAAL is being amortized as a level percentage of projected payrolls on an open basis. For actuarial purposes, the University has chosen a thirty year amortization period, so the remaining amortization period at June,, was twentythree years. However, with the implementation of the seven year phased elimination of the retiree health care subsidy, the University s actual amortization period decreases accordingly.

150 Michigan Technological University Notes to the Financial Statements From the Michigan Tech Annual Financial Reports () COMMITMENTS AND CONTINGENCIES The University has internally funded reserves for certain employee benefits. Accrued liabilities are generally based on actuarial valuations and represent the present value of unpaid expected claims, including estimates of claims incurred but not reported. The University receives grants and other forms of reimbursement from various federal and state agencies. These activities are subject to audit by agents of the funding authority, the purpose of which is to ensure compliance with conditions precedent to providing such funds. University administration believes there is no liability for reimbursement which may arise as the result of audits. The University has an arrangement with the State of Michigan and the State Building Authority (the SBA ) to finance a large portion of the Great Lakes Research Center currently under construction on the campus of the University. The arrangement is based upon a lease agreement that is signed by the University which stipulates that the SBA will hold title to the building and the State will make all the lease payments to the SBA on behalf of the University, and the University will pay all operating and maintenance costs. At the expiration of the lease, the SBA has agreed to sell the building to the University for. In the normal course of its activities, the University is a party in various legal actions. Although some actions have been brought for large amounts, the University has not experienced any significant losses or costs. The University and its legal counsel are of the opinion that the outcome of asserted and unasserted claims outstanding will not have a material effect on the financial statements. () FUNCTIONAL CLASSIFICATION OF OPERATING EXPENSES The University s operating expenses by functional classification were as follows for years ended June : Operating Expenses by Functional Classification Instruction Research,,,, Public service,,,,,,,, Academic support,,,, Student services,,,, Institutional support,,,, Operations and maintenance of plant,,,, Student financial support,,,, Departmental activities,,,,,,,, Student residents Depreciation,,,,,,,,

151 Financial Technological Report Michigan University Required Supplementary Information INFORMATION From the Michigan Tech Annual Financial Reports REQUIRED SUPPLEMENTARY MPSERS Costsharing Multiple Employer Plan Schedule of the University's Proportionate Share of the Net Pension Liability University's proportion of the net pension liability.% University's proportionate share of the net pension liability,, University's coveredemployee payroll,, University's proportionate share of the net pension liability as a.% percentage of its coveredemployee payroll Plan fiduciary net position as a percentage of the total pension liability.% Schedule of University Contributions Contractually required contribution Contributions in relation to the contractually required contribution Contribution deficiency (excess) University's coveredemployee payroll Contributions as a percentage of coveredemployee payroll,, (,,),,.%.%,,,,.%.%,, (,,),,.% Notes to Required Supplementary Information The amounts presented for the fiscal year in the above Schedule of the University s Proportionate Share of the Net Pension Liability were determined as of September of the preceding year. GASB was implemented in fiscal year. These schedules are being built prospectively. Ultimately, years of data will be presented.

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153 Research Expenditures by Department Summary Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

154 Research Expenditures by Department Summary Fiscal Year MICHIGAN TECHNOLOGICAL UNIVERSITY Research Expenditures as of // College and Title Department and Title President President's Office Pavlis Honors College Provost Office of Information Technology School Of Business & Economics Pavlis Honors College Provost and VP for Acad Affairs Information Technology School of Business and Economics College Of College of Fundamentals Chemical Civil & Environmental Electrical and Computer Geological & Mining Eng & Sciences Mechanical EngrgEngrg Mechanics Materials Science and Biomedical Sch Forest Resources & Envir Sci Sch Forest Resources & Environ Sci College Of Science & Arts Chemistry College of Sciences & Arts Biological Sciences Humanities Visual & Performing Arts Mathematical Sciences Computer Science Kinesiology/Integrative Physiology Physics Social Sciences Cognitive & Learning Sciences School Of Technology School of Technology Federal State,.,.,.,.,,.,,.,,.,,.,,.,.,.,.,,.,.,,.,.,,.,.,.,,.,.,.,.,.,,.,.,.,.,.,,.,.,.,. Graduate School Graduate School Graduate Student Support Library Van Pelt and Opie Library Financial Svcs & Oper Exec Director Financial Svcs & Oper Exec Director University Wide Accounts University Wide Commitments Redistribution Control Accounts AE Seaman Mineral Museum AE Seaman Mineral Museum Vice Pres For Research Michigan Tech Rsrch Institute(MTRI) Keweenaw Research Center Vice Pres for Research Innovation & Industry Engagement Research Awards VPR Great Lakes Research Center,,.,,.,.,.,,.,,.,.,,.

155 Research Expenditures by Department Summary Fiscal Year MICHIGAN TECHNOLOGICAL UNIVERSITY Research Expenditures as of // College and Title Department and Title President President's Office Pavlis Honors College Pavlis Honors College Provost Provost and VP for Acad Affairs Industry NonProfit External YTD Activity Foreign Internal YTD Activity YTD Activity # of Awards....,.,.,.,.,.,.,.,.,.,.,.,.,.,. Office of Information Technology Information Technology,.,. School Of Business & Economics School of Business and Economics,,.,,. College Of College of Fundamentals Chemical Civil & Environmental Electrical and Computer Geological & Mining Eng & Sciences Mechanical EngrgEngrg Mechanics Materials Science and Biomedical Sch Forest Resources & Envir Sci Sch Forest Resources & Environ Sci College Of Science & Arts Chemistry College of Sciences & Arts Biological Sciences Humanities Visual & Performing Arts Mathematical Sciences Computer Science Kinesiology/Integrative Physiology Physics Social Sciences Cognitive & Learning Sciences School Of Technology School of Technology,,.,,.,.,.,.,.,,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,,.,,.,,.,,.,.,.,.,,.,,.,,.,,.,,.,,.,.,,.,,.,,.,,.,,.,,.,,.,,.,.,.,,.,,.,,.,.,.,.,,.,,.,,.,.,.,.,,.,,.,,..,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.,.,.,,.,.,.,,.,.,,.,.,.,,.,,.,.,,.,.,.,,.,.,,.,.,.,,.,,.,.,,.,,.,.,.,.,.,,.,,.,,.,.,.,.,.,.,.,.,..,..,. Graduate School Graduate School Graduate Student Support,.,. Library Van Pelt and Opie Library.... Financial Svcs & Oper Exec Director Financial Svcs & Oper Exec Director University Wide Accounts University Wide Commitments Redistribution Control Accounts AE Seaman Mineral Museum AE Seaman Mineral Museum Vice Pres For Research Michigan Tech Rsrch Institute(MTRI) Keweenaw Research Center Vice Pres for Research Innovation & Industry Engagement Research Awards VPR Great Lakes Research Center (.) (.),.,.,.,. (.),,.,,. (.),.,,.,.,.,,.,,.,.,.,.,,.,,.,.,.,,.,,.,.,.,.,.,,.,,.,,.,.,.,.,.,.,,.,,.,,.,,.,,.,,.

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157 Library Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

158 Michigan Technological University J. Robert Van Pelt and John and Ruanne Opie Library Get to Know the Library The Van Pelt and Opie Library s building open / for students, faculty and staff is the center of campus for students to study and collaborate in a variety of spaces for silent or group study and with a wide variety of amenities for effective work including laptops, calculators, scanners, D printing and cameras to borrow, a café and a computing help desk. The library is a working library without substantial justincase collections, aiming to directly support the current and likely future information and research needs of students and faculty by using a variety of metrics and studies to maintain collections that align with the university s priorities effectively and efficiently. Through the generosity of John and Ruanne Opie, the majority of the library spaces have been renovated or repurposed expressly for today s student preferences including collaborative spaces as well as silent study. Highspeed wireless throughout supplements the networked workstations. Redesigned instructional spaces focused on advancing new ideas include a theatrestyle classroom; a flexible instructional space meant to facilitate teambased learning; and an Experimental Education Environment to enable instructors or formal studentled groups to test new technologies or new teaching methods. Print Volumes EBooks EJournals Networked Workstations Seats (most ergonomic) Streaming Videos FullText Downloads from EJournal Subscriptions Global Downloads of Michigan Tech Authors Works,,,,, Other Information: Full service café Threeseasoned garden and patio Nocost interlibrary loan borrowing with hundred of national partners (. hours turnaround time) and a faculty rush service ( hours daily) Community engagement and service to the Upper Peninsula and region is led by the University Archives and Copper Country Collections through its membership as a Heritage Site and through external awards that have advanced knowledge of the history of the Keweenaw Peninsula mining industry and the African American community. As the winner of the American Library Association s H.W. Wilson Staff Development grant, the library staff established partnerships with other library staff in the area to provide substantial staff development opportunities. Ph. Van Pelt and John and Fax: Ruanne Opie Library Library and IT Service Townsend Drive Center Houghton, MI library@mtu.edu Web address:

159 Michigan Tech Fund Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

160 Michigan Tech Fund Background and Information Background The Michigan Tech Fund is a notforprofit, taxexempt corporation established in under the laws of the State of Michigan. Existing solely for the benefit of Michigan Technological University and its students, the Tech Fund receives, invests, and disburses gifts to support the University s mission and vision. The business and affairs of the Michigan Tech Fund are managed by a nineperson Board of Directors. Structure The Board is managed by a group of nine Managing Directors, consisting of two standing committee chairs, three individuals appointed by the Board of Trustees, the President of the University, the President of the Michigan Tech Fund, and two atlarge members. Standing Committees include: Investment and Finance and Audit. Officers of the Board include: Chairperson, Vice Chairperson, President of MTF staff, Secretary, Treasurer. Board of Trustees Officers George Butvilas Chair Dale Elliot Vice Chair Glenn Mroz, MTF President Eric Halonen, Vice President of MTF Julie Seppala, Treasurer Roberta Dessellier Secretary Board of Directors George Butvilas Chair Dale Elliott Vice Chair Glenn Mroz Paul Fernstrum Dave Reed David Rowe Contact Information Office of Development/ Michigan Tech Fund Citizens Bank Building, th Floor Townsend Drive Houghton, Michigan Bob Jacquart Linda Kennedy Terry Woychowski Investment George Butvilias Bob Jacquart Dale Elliott, Chair Glenn Mroz Terry Woychowski Finance & Audit David Rowe, Chair Paul Fernstrum Linda Kennedy Ph. Fax: techfund@mtu.edu Web address:

161 Michigan Tech Fund Michigan Tech Fund Statement of Financial Statements of Financial Position June, and Position as of June, and ASSETS Current assets: Cash and cash equivalents Pledges receivable, net of allowance for uncollectible amounts Interest and dividends receivable Prepaid expenses and other receivables current assets,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, longterm assets LIABILITIES AND NET ASSETS Current liabilities: Accounts payable and accrued expenses Current portion of annuity obligations,, Longterm assets: Pledges receivable, net of discount, net of current portion Cash surrender value, life insurance Contributions receivable from remainder trusts Investments Property held for sale assets,,,,,,, current liabilities,,,,,,,,,, longterm liabilities,,,, liabilities,,,,,,,,,,,,,,,,,,,,,,, Longterm liabilities: Annuity obligations, net of current portion Pooled income obligations Contingency and commitments (Notes and ) Net assets: Unrestricted Temporarily restricted Permanently restricted net assets liabilities and net assets The accompanying notes are an integral part of these financial statements.

162 Michigan Tech Fund Statement of Activities Michigan Tech Fund Statement of Activities For the Year Ended June, for the Year Ended June, Support, gains (losses), and revenue: Contributions Investment return (loss) Other income Net assets released from restrictions support, gains (losses), and revenue Expenses: Program services on behalf of Michigan Technological University: Scholarships and fellowships Departmental and other program support Unrestricted Temporarily Restricted Permanently Restricted,,,,,,,, (,,),,, (,,),,, (,,),,, (,,),,,,,,,,,,,,,,,,,, expenses,,,, Change in net assets Net assets, beginning of year (,,),,,,,,,,,,,,,, Management and general expenses Net assets, end of year, (,,),,,, The accompanying notes are an integral part of these financial statements.

163 Michigan Tech Fund Statement of Activities For the Year Ended June, Michigan Tech Fund Statement of Activities for the Year Ended June, Support, gains (losses), and revenue: Contributions Investment return (loss) Other income Net assets released from restrictions support, gains (losses), and revenue Expenses: Program services on behalf of Michigan Technological University: Scholarships and fellowships Departmental and other program support Unrestricted, (,), Temporarily Restricted,,,, Permanently Restricted,,,,,,,, (,,),, (,,),,,,,,,,,,,,,,,,,, expenses,,,, Change in net assets Net assets, beginning of year (,,),,,,,,,,,,,,,, Management and general expenses Net assets, end of year,, (,,),,,, The accompanying notes are an integral part of these financial statements.

164 Michigan Tech Fund Michigan Tech Fund Statement of Functional Statement of Functional Expenses For the Year Ended June, Expenses for the Year Ended June, Program Services Expenses: Scholarships and fellowships Departmental and other program support Contracted employee services Supplies Postage and printing Insurance Telephone Accounting fees Travel Entertainment Equipment charges and maintenance Property taxes Seminars and training Space rental Stewardship and special events Professional services Credit card processing fees Dues and memberships Custodian and trustee fees Other expenses Management & General,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, The accompanying notes are an integral part of these financial statements.

165 Michigan Tech Fund Statement of Functional Michigan Tech Fund Statement of Functional Expenses Expenses For the Year Ended June, for the Year Ended June, Expenses: Scholarships and fellowships Departmental and other program support Contracted employee services Supplies Postage and printing Insurance Telephone Accounting fees Travel Entertainment Equipment charges and maintenance Property taxes Seminars and training Space rental Stewardship and special events Professional services Credit card processing fees Dues and memberships Custodian and trustee fees Other expenses Program Services Management & General,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, The accompanying notes are an integral part of these financial statements.

166 Michigan Tech Fund Statements of Cash Flows Michigan Tech Fund Statement Cash Flows For the Years Ended June, and for the Year Ended June, and Cash flows from operating activities: Change in net assets Adjustments to reconcile change in net assets to net cash used in operating activities: Provision for uncollectible pledges Net realized and unrealized losses Contributions of marketable securities and real property Contributions restricted for longterm investment Net change in splitinterest agreements Net change in contributions receivable from remainder trusts Net change in cash surrender value, life insurance Changes in assets and liabilities: Interest and dividends receivable Prepaid expenses and other receivables Pledges receivable, net of permanently restricted components Accounts payable and accrued expenses Net cash from operating activities Cash flows from investing activities: Purchase of investments Proceeds from sale of investments Net cash from investing activities Cash flows from financing activities: Proceeds from contributions restricted for: Investment in endowments Investment subject to annuity agreements Change in permanently restricted contributions receivable Payments on annuity obligations Net cash from financing activities,,,,, (,,) (,,),,,,,, (,,) (,,), (,) (,) (,),,, (,) (,) (,) (,,), (,,) (,,) (,,),, (,,),, (,,) (,,),,,, (,),,,, (,),,,, Net change in cash and cash equivalents, Cash and cash equivalents, beginning of year (,,),, Cash and cash equivalents, end of year,, The accompanying notes are an integral part of these financial statements.,,,,,,

167 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Summary of Significant Accounting Policies: The Michigan Tech Fund (the Fund ) is a Michigan notforprofit organization established to raise, receive, and maintain funds to use or apply the whole or any part of the income therefrom or the principal thereof exclusively to promote the best interest, purposes, and objectives of Michigan Technological University (the University or MTU ). The Fund is a blended component unit of the University. The Fund is organized under the provisions of the Michigan Corporation Act (Act, PA of ) as amended. The Fund has been granted taxexempt status under Section (c)() of the Internal Revenue Code. The Fund and the University have an arrangement in which Fund personnel are University employees, and the Fund reimburses the University for expenses associated with those employees. Those expenses totaled, and, for fiscal years and, respectively, and are included in management and general expenses on the Statements of Activities. The Michigan Tech Fund Supporting Organization (Supporting Organization) is a charitable trust, which is governed by two trustees who are also directors of the Michigan Tech Fund. The purpose for which the trust was formed is to support the Michigan Tech Fund within the meaning of Section (a)() of the Internal Revenue Code and to which contributions are deductible under Section (c)() of the Internal Revenue Code. The Supporting Organization has been granted taxexempt status under Section (c)() of the Internal Revenue Code. The Fund has excluded the financial activity of the Supporting Organization from its financial statements due to insignificance. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of support, revenues, and expenses during the reporting period. Actual results could differ from those estimates. The net assets and support, revenues, expenses, gains, and losses are classified based on the existence or absence of donorimposed restrictions or as stipulated by law. Accordingly, the net assets of the Fund have been grouped into the following three classes: Unrestricted Net Assets: Generally result from revenues derived from providing services, receiving unrestricted contributions, unrealized and realized gains and losses, and dividends and interest from investing in incomeproducing assets, less the expenses incurred in providing services, raising contributions, and performing administrative functions. Temporarily Restricted Net Assets: Generally result from contributions, unrealized and realized gains and losses, and dividends and interest from investing in incomeproducing assets, and other inflows of assets, which are held for specific purposes as stipulated by the donor or by law. Temporarily restricted net assets are released from restrictions by the passage of time, by actions of the Fund, pursuant to the donors stipulations, or by actions of the Board.

168 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Summary of Significant Accounting Policies, continued: Permanently restricted net assets: Generally result from contributions and other inflows of assets that represent permanent endowments where use is limited by donorimposed stipulations that neither expire by the passage of time nor can be fulfilled or otherwise removed by the Fund. Revenues are reported as increases in unrestricted net assets unless use of the related assets is limited by donorimposed restrictions or by law. Expenses are reported as decreases in unrestricted net assets. Gains and losses on investments and other assets or liabilities are reported as increases or decreases in unrestricted net assets unless their use is restricted by explicit donor stipulation or by law. Expirations of temporary restrictions on net assets (e.g., the donorstipulated purpose has been fulfilled) are reported as reclassifications between the applicable classes of net assets. a. Cash and Cash Equivalents: Cash and cash equivalents include cash deposits, time deposits, money market funds, and highly liquid debt instruments with original maturities of three months or less. Bank account balances periodically exceed the federal insurance limits for deposits. Management evaluates the financial institutions in which the Fund maintains deposits and assesses the level of risk associated with those institutions. Management does not believe the Fund is exposed to significant financial risk as a result of these deposits. b. Fair Value Measurements: Fair value refers to the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants in the market in which the reporting entity transacts such sales or transfers based on the assumptions market participants would use when pricing an asset or liability. Assumptions are developed based on prioritizing information within a fair value hierarchy that gives the highest priority to quoted prices in active markets and the lowest priority to unobservable data, such as the reporting entity s own data. For assets and liabilities recorded at fair value, it is the Fund s policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements for those financial instruments for which there is an active market. In cases where the market for a financial asset or liability is not active, the Fund includes appropriate risk adjustments that market participants would make for nonperformance and liquidity risks when developing fair value measurements. Fair value measurements for assets and liabilities for which limited or no observable market data exists are accordingly based primarily upon estimates and, are often calculated based on the economic and competitive environment, the characteristics of the asset or liability, and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique and changes in the underlying assumptions used, including discount rates and estimates of future cash flows that could significantly affect the results of current or future values. For a further discussion of Fair Value Measurements, refer to Note.

169 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Summary of Significant Accounting Policies, continued: c. Investments: Investments in marketable securities are carried at quoted fair market value whenever possible. Hedge funds fair values are based on information provided by the administrators of each underlying fund. Real estate and natural resources are accounted for on the equity method. Private equity funds that do not have readily determinable market values as of June are valued based on the most recent available partner capital account balances as reported by the partnerships to the Fund. The partnership valuations involve assumptions and methods that are reviewed by the Fund. Because of the inherent uncertainty of valuations in the absence of a highly liquid market, private equity funds estimated values may differ materially from the values that would have been used if a ready market for the securities existed. Gifts of securities are recorded at their fair value based on the mean of the high and low quoted price of stock transactions at the date of the gift. Except for investments that are not readily marketable or where donors specifically provide otherwise, investments are maintained by custodial institutions responsible for consummating investment transactions at the request of the Fund to facilitate cash flow requirements. The Fund employs an asset allocation investment policy and uses the services of an investment advisor to facilitate the implementation of this policy. Asset allocations are reviewed monthly and rebalanced as necessary. The Fund s Investment Committee of the Board of Directors provides oversight of the investment advisor and makes recommendations to the Board of Directors concerning any changes in the asset allocation. Each month, the Fund allocates and credits investment earnings (including realized and unrealized gains and losses) to departmental funds based on an average of each fund s beginning and ending monthly balances. Any unrealized losses on amounts invested for donorrestricted endowments are recorded as temporarily restricted to the extent of unexpended earnings of the respective endowment fund. Any unrealized losses in excess of that amount are charged to unrestricted net assets. Subsequent unrealized appreciation on the related investments is recorded as unrestricted up to the amount of losses previously absorbed by unrestricted net assets. d. SplitInterest Agreements: Life income trusts, pooled income funds, remainder trusts, and certain other investments are maintained by a separate trust company. Trustee functions include management of the investments, distributions to donors, complying with tax filing requirements, and providing periodic trust statements to the Fund. Refer to Note for further details. e. Fixed Assets: The fixed assets of the Fund consist of leasehold improvements, office equipment, computers, and software. Fixed assets are recorded at cost at the date of acquisition and are depreciated on a straightline basis over estimated useful lives, which range from three to seven years. At the time of disposal, any gain or loss is recognized in the statement of activities. As of June, and, all of the Fund s fixed assets were fully depreciated. f. GiftsinKind: Land, buildings, and equipment are recorded at estimated fair value at the date of the gift based upon appraised values. In most cases, the Fund serves as an agent for the receipt of property and equipment and immediately transfers these gifts to the University. The Fund has a policy to list for sale any giftsinkind received and not subject to immediate transfer to the University. g. Contributions and Pledges Receivable: Contributions received and unconditional promises to give are recognized at their fair values as revenues in the periods received. Unconditional promises to give that are expected to be collected in future years are recorded at the present value of their estimated future cash flows. All unconditional promises to give are recorded at their net realizable values.

170 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Investments: Investments, carried at fair value, at June, are categorized as follows: Marketable securities Equities Mutual funds equities Mutual funds fixed income Corporate bonds and notes US government obligations marketable securities,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Alternative investments Hedge funds Real estate and natural resources Private equity alternative investments Precious metals Other investments investments,,,,,,,, At June,, the Fund s remaining future capital commitments for investment in alternative investments (private equity limited partnerships) are,,. Investment return is a net amount and is comprised of the following for the years ended June : Interest and dividends Capital gain distributions Net gain on sale of investments Net unrealized loss on investments Assetbased management and administrative fees investment return (loss),,,, (,,) (,) (,,),,,,,, (,,) (,), The Fund invests in various securities including US government obligations, corporate debt instruments, mutual funds, corporate equities, and alternative investments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of financial position and activities.

171 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Fair Value: The Fund utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Additionally, from time to time, the Fund may be required to adjust other assets and liabilities to fair value on a nonrecurring basis. Fair Value Hierarchy The Fund groups its assets at fair value into three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level : Valuation is based upon quoted prices for identical instruments traded in active markets. Level : Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and modelbased valuation techniques for which all significant assumptions are observable in the market. Level : Valuation is generated from modelbased techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates that market participants would use in pricing the asset or liability. Following is a description of the valuation methodologies used for assets recorded at fair value on a recurring basis. Investments: Fair value measurement is based upon quoted prices, if available. Level investments include fixed income and equity securities (primarily mutual funds). Level investments include debt securities (principally US government obligations). Level investments include interests in hedge funds, private equity, real estate, and precious metals (gold and silver coins). Hedge funds fair values are based on the information provided by the administrators of each underlying fund; management relies on advice from its investment consultant and takes into consideration audited financial information to determine overall reasonableness of the recorded value. Natural resources, private equity, and real estate limited partnerships are accounted for on the equity method and are based on information provided by the general partner; management also takes into consideration the audited financial information and K capital account balances to determine overall reasonableness of the recorded value. Management believes that the equity method represents the best estimate of the partnerships fair values. Audited information is only available annually, based on each partnership s yearend. Because of the inherent uncertainty of valuations, values may differ from the values that would have been used had a ready market existed. The fair value of precious metals is based on appraisals by experts. Contributions Receivable from Remainder Trusts: Fair value measurement is based upon the fair value of the underlying investments in the trusts, an estimated rate of return, anticipated future payments to be made to beneficiaries, living beneficiaries life expectancies, and an assumed discount rate as discussed further in Note.

172 Michigan Tech Fund Notes to the Financial Statements Michigan Tech Fund Notes to Financial Statements. Fair Value, continued: Following is a description of the valuation methodologies used to estimate fair value disclosures for financial instruments not recorded at fair value in their entirety on a recurring basis. Pledges Receivable: The fair value of pledges receivable is based on the present value of discounted cash flows. Annuity and Pooled Income Obligations: The fair value of annuity and pooled income obligations is based upon anticipated future payments to be made to beneficiaries, living beneficiaries life expectancies, and an assumed discount rate as discussed further in Note. Cash and Cash Equivalents and Interest and Dividends Receivable: The carrying amounts reported in the statements of financial position for cash and cash equivalents and interest and dividends receivable approximate fair value because of their shortterm nature. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Fund believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

173 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Fair Value, continued: The following tables present the recorded amount of the Fund s assets measured at fair value on a recurring basis as of June : Level Marketable securities Equities Mutual funds equities Mutual funds fixed income Corporate bonds and notes US government obligations Alternative investments Hedge funds Real estate and natural resources Private equity Precious metals Other investments,,,,,,,,,, Level,,,,,,,,,,,,,,,,,,,,,,,, investments at fair value,,,,,,,, Contributions receivable from remainder trusts,, Level Marketable securities Equities Mutual funds equities Mutual funds fixed income Corporate bonds and notes US government obligations Alternative investments Hedge funds Real estate and natural resources Private equity Other investments Level Level,,,,,,,,,, Level,,,,,,,,,,,,,,,,,,,,,,, investments at fair value,,,,,,,, Contributions receivable from remainder trusts,,,,

174 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Fair Value, continued: The following tables set forth a summary of changes in the fair value of the Fund s Level assets for the years ended June : Alternative Investments Hedge Funds Balance, beginning of year,, Capital contributions Real Estate and Natural Resources,, Distributions Investment loss Operating income (loss) limited partnerships Realized gains (losses) Precious Metals,,,,, Other,,,,, (,,) (,) (,,) (,) (,) (,) (,) (,) Unrealized gains (losses) Private Equity Contributions Receivable from Remainder Trusts () (,),, (,), Redemptions (,) Change in value (,),,,,, Balance, end of year,, Alternative Investments Balance, beginning of year Capital contributions Distributions Investment income (loss) Operating loss limited partnerships Realized gains Unrealized losses Change in value Hedge Funds,,, Balance, end of year,, Real Estate and Natural Resources,, (,) (,) (,), (,),,,, Private Equity,,, (,,), (,), (,),, Other, Contributions Receivable from Remainder Trusts,,,,,,, Disclosure of the estimated fair values of financial instruments, which differ from carrying values, often requires the use of estimates. In cases where quoted market values in an active market are not available, the Fund uses present value techniques and other valuation methods to estimate the fair values of its financial instruments. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used.

175 Michigan Tech Fund Notes to the Financial Statements Michigan Tech Fund Notes to Financial Statements. Fair Value, continued: The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis on the Fund s statements of financial position as of June are as follows: Carrying Value Assets: Cash and cash equivalents Pledges receivable, net Interest and dividends receivable Liabilities: Annuity obligations Pooled income obligations Estimated Fair Value Carrying Value Estimated Fair Value,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

176 Michigan Tech Fund Notes to the Financial Statements Michigan Tech Fund Notes to Financial Statements. Fair Value, continued: The Fund uses Net Asset Value (NAV) to determine the fair value of all the underlying investments which () do not have a readily determinable fair value, and () prepare their financial statements consistent with the measurement principles of an investment company or have the attributes of an investment company. The following table lists investments in other investment companies (in partnership format) by major category as of June, and : Strategy Private Equity Venture, buyout, and special situations, distressed asset funds and credit strategies, primarily in the US Real Estate Domestic real and Natural estate and Resources domestic and international natural resources Hedge Funds Hedge funds with various strategies NAV in Funds FY NAV in Funds FY Amount of Timing to Number Remaining Unfunded Draw Down of Funds Life Commitments Commitments Redemption Terms,,,, to years,, to years,,,, NA,,,,,, to years NA * NA NA, to years NA * NA NA, minimum redemption amount. None NA * These funds are in private equity structure, with no ability to be redeemed. Redemption Restrictions Redemption in Place at Restrictions Year End,, NA Redemptions are available on a quarterly basis, with a day notice period.

177 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Pledges Receivable: The following table shows the balance due of unconditional promises to give to the Fund at June, and. Pledges are unrestricted, temporarily restricted, and permanently restricted by donors for property and equipment purchases, scholarships, faculty chairs, or designated departments of the University, and have been reported at their discounted, net realizable values. The Fund estimated the present value of future cash flows using.% over the riskadjusted rate at the date of the gift. Rates range from.% to.%. Pledges receivable in less than one year Pledges receivable in one to five years Pledges receivable in more than five years Less: Allowance for uncollectible pledges Present value discount Net pledges receivable,,,,,,,,,,,,,, (,,) (,) (,,) (,),,,,. Cash Surrender Value of Life Insurance: The Fund is the owner and beneficiary of life insurance policies with death benefit values of approximately,, at June, and. The assignments of these policies were received as gifts for various University programs, scholarships, and other designations.. Property Held for Sale and GiftsinKind: The Fund serves as an agent for the receipt of gifted property and in most cases immediately transfers the property to the University. Any gifted property accepted as a contribution and not subject to transfer to the University is listed for sale. It is the Fund s policy to offer such gifted property for sale based on appraised or estimated fair value at the time of the gift. During the years ended June, and, the Fund received gifted property in the amount of, and,, respectively. These amounts were recorded as contribution revenue. Amounts immediately transferred to the University and recorded as program services expense in the accompanying statements of activities were, and, for the years ended June, and, respectively. The gifted property not transferred to the University was added to property held for sale on the accompanying statements of financial position. As of June, and, property held for sale was, and,, respectively.. SplitInterest Agreements: Some donors enter into trust or other arrangements under which the Fund receives benefits that are shared with other beneficiaries. These types of arrangements, known as splitinterest agreements, include pooled (life) income funds, charitable remainder trusts, and charitable gift annuities. Provisions for the various donor trust agreements are as follows: Century II Pooled Income Fund: All income of the pooled fund is distributed to its participants on a prorata basis.

178 Michigan Tech Fund Notes to the Financial Statements Michigan Tech Fund Notes to Financial Statements. SplitInterest Agreements, continued: Charitable Remainder Unitrusts: Donors receive income, generally payable quarterly, at a predetermined percentage rate of their unitrust s annual value at December. Charitable Remainder Annuity Trusts: Donors receive a fixed percentage rate of income based on the initial value of the annuity trust, generally payable quarterly. Charitable Gift Annuities: Donors receive a fixed percentage rate of income based on the initial value of the gift annuity, payable quarterly. Assets received under a gift annuity contract are held as general assets of the Fund, and the annuity liability is a general obligation of the Fund. All assets received under a gift annuity contract are pooled with other gift annuity contract funds and invested in equity and fixed income mutual funds and in cash equivalents. Those investments are held in accounts segregated from the Fund s other investments. Irrevocable splitinterest agreements in which the Fund does not control the trust assets are recognized in the Fund s financial statements when notification is received of the trust s existence. The present value of the estimated future distributions to be received by the Fund is recorded as contribution revenue and a contribution receivable from remainder trust. Amounts reflected as receivable from this type of agreement were,, and,, at June, and, respectively. Irrevocable splitinterest agreements in which the Fund does control the trust assets are recognized in the Fund s financial statements when the trust is executed. The fair value of the trust assets and the present value of the expected future payments to be made to other beneficiaries are recorded as assets and liabilities, respectively, and the difference is recorded as contribution revenue. Amounts included in the accompanying statements of financial position at June, and, from these types of agreements are as follows: Assets included in cash and investments,,,,,,,, Annuity and pooled income obligations to other beneficiaries Included with contribution revenue on the statement of activities for the years ended June, and, are contributions from splitinterest agreements and changes in the value of splitinterest agreements, as follows: Contributions,, Change in value (,) (,) The calculations of present value follow the guidelines as set forth in Section (c) of the Internal Revenue Code. Discount rates used to calculate present value are the Applicable Federal Rates, which approximate the riskadjusted rates, and range from.% to.%. Annuitant life expectancy used in the present value calculation is based on information in Internal Revenue Service Publication. Anticipated rates of return range from % to %.

179 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Net Asset Categories: Unrestricted net assets at June, consist of the following: Deficiencies for all donorrestricted endowment funds for which fair value of assets is less than donorstipulated level Undesignated unrestricted net assets (,,),,, (,),,,, Temporarily restricted net assets at June, were restricted for the following: University programs Remainder interests in splitinterest agreements,,,,,,,,,,,,,,,, Net appreciation on donorrestricted endowment funds and term endowments temporarily restricted net assets Permanently restricted net assets at June, were restricted for the following: Remainder interests in splitinterest agreements Corpus of donorrestricted endowment funds,,,, permanently restricted net assets,,,,,,,, Permanently restricted net assets are held in perpetuity, the income from which supports scholarships and fellowships, faculty chairs, and other University programs.. Endowment: The Fund s endowment consists of individual, donorrestricted funds established for a variety of purposes and term endowments. As required by accounting principles generally accepted in the United States of America, net assets associated with endowment funds are classified and reported based on the existence or absence of donorimposed restrictions. The Board of Directors of the Fund has interpreted the State of Michigan Prudent Management of Institutional Funds Act (SPMIFA) as requiring the preservation of the fair value of the original gift as of the gift date of the donorrestricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the Fund classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. Any donorrestricted endowment fund that would not be classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the Fund in a manner consistent with the standard of prudence prescribed by SPMIFA.

180 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Endowment, continued: In accordance with SPMIFA, the Fund considers the following factors in making a determination to appropriate or accumulate donorrestricted endowment funds: () the duration and preservation of the various funds, () the purposes of the donorrestricted endowment funds, () general economic conditions, () the possible effect of inflation and deflation, () the expected total return from income and the appreciation of investments, () other resources of the Fund, and () the Fund s investment policies. Following is a summary of the Fund s endowment and changes therein: Unrestricted Temporarily Restricted Permanently Restricted,, Changes in endowment net assets for the year ended June, Investment loss: Investment income,, Net depreciation (realized and unrealized) Net investment loss Contribution receipts (,) (,,) (,,) (,) (,,) (,,),,,,, Appropriation of endowment assets for expenditure (,,) (,) (,,),,,, (,),,,,,, (,,),,,,,, Unrestricted Temporarily Restricted Permanently Restricted,, Changes to endowment net assets (,,) Endowment net assets (deficit): Beginning of year End of year Changes in endowment net assets for the year ended June, Investment return: Investment income Net depreciation (realized and unrealized) Net investment loss Contribution receipts Appropriation of endowment assets for expenditure Changes to endowment net assets Endowment net assets (deficit): Beginning of year End of year,, (,) (,) (,,) (,,),,, (,,) (,,),, (,) (,,) (,,),, (,,),, (,),,,,,, (,),,,,,,

181 Michigan Tech Fund Notes to the Financial Statements Michigan Tech Fund Notes to Financial Statements. Endowment, continued: Funds with Deficiencies From time to time, the fair value of assets associated with individual donorrestricted endowment funds may fall below the level that the donor or SPMIFA requires the Fund to retain as a fund of perpetual duration. In accordance with accounting principles generally accepted in the United States of America, deficiencies of this nature that were reported in unrestricted net assets as of June, and, amounted to,, and,, respectively. These deficiencies resulted from recent significant unfavorable market fluctuations. Management believes that these deficiencies are temporary in anticipation of a future recovery in the market. Return Objectives and Risk Parameters The Fund has adopted investment policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets, which includes those assets of donorrestricted funds that must be held in perpetuity. Under this policy, the endowment assets are invested in a manner that is intended to produce results that meet or exceed the price and yield results of established indexes for differing investment classes while assuming a moderate level of investment risk. The Fund expects its endowment funds, over time, to provide an average rate of return of.% annually. Actual returns in any given year may vary. Strategies Employed for Achieving Objectives To satisfy its longterm rateofreturn objectives, the Fund relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The Fund targets a diversified asset allocation that places a greater emphasis on equitybased investments to achieve its longterm return objectives within prudent risk constraints. Spending Policy and How the Investment Objectives Relate to Spending Policy The Fund has an annual spending policy of.% of its endowment funds average fair values over the prior quarters through the fiscal yearend preceding the fiscal year in which the distribution is planned. In establishing this policy, the Fund considered the longterm expected return of its endowment. This policy is consistent with the Fund s objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment returns.

182 Michigan Tech Fund Notes to the Financial Michigan Tech Fund Statements Notes to Financial Statements. Operating Lease: The Fund leases its office space under an operating lease, which commenced on October,, and will terminate on September,. Lease expense was, for fiscal years ended June, and. Minimum future rental payments under the noncancelable operating lease are: Year Ending June,,, minimum future rental payments Amount,

183 Alumni Alumni Awards Alumni Association Alumni Around the World Annual Snowfall Records Introduction, Faculty & Staff, All Students, Standard Learning Students, Degrees Awarded, Career Center, Finances, Research, Library, Michigan Tech Fund, Alumni

184 Outstanding Young Alumni Award Award Description and Criteria The Outstanding Young Alumni Award is presented each year by the Alumni Association to alumni under the age of who have distinguished themselves in their careers. The award recognizes the achievement of a position or some distinction noteworthy for one so recently graduated. Make your own success every day. Don t wait for it to come. Johnathon M.E. Aho continues a tradition and philosophy he developed at Michigan Tech and puts it into practice as he continues at the Mayo Clinic. His ability to excel might not surprise those who remember the accomplishments of the Michigan Tech President s Award for Leadership winner, and his service to others on the Michigan Tech campus and in the community. A double major, in mathematics and biological sciences, with an international minor in German, didn t stop Johnathon from taking on leadership roles. Johnathon Aho BS Biological Sciences BS Mathematics As Blue Key Honor Society President he helped spearhead a percent spike in winter carnival funding that made it possible to add online registration, bring back the traveling trophy, and make other infrastructure improvements to the hugely popular event that injects millions into the local community. He cohosted a weekly radio show on WMTU and as a staff member helped determine the future direction of the studentrun station s live entertainment and regular programming. Certified as an Emergency Medical Technician by Marquette General Hospital in, that summer he worked as a volunteer EMT counselor at the Camp safety camp for fifth and sixthgraders, teaching children first aid, basic Automatic External Defibrillator use, and CPR. The theme of teaching also extended to his work as an anatomy teaching lab assistant, guiding students and initiating lab improvements. The Portage Health System Volunteer of the Year progressed from Michigan Tech to studies at Chicago Medical School, where he was recipient of the Society of Thoracic Surgeons Looking to the Future Scholarship and a member of Alpha Omega Alpha Honor Society Class of Delta Chapter. He earned his Doctor of Medicine with Distinguished Research degree before entering Mayo School of Graduate Medical Education as a general surgery resident and a PhD student in biomedical engineering and physiology in Rochester, Minnesota. Dr. Aho holds more than patents. The Michigan Tech Outstanding Young Alumni award recipient s honors include the American College of Surgeons Residents as Teachers and Leaders Award, and the Mayo Graduate School AAAS Excellence in Science Award. The Mayo Clinic surgery resident, Clinician Investigator, and Gold Quality Fellow says instructors at Michigan Tech did an excellent job preparing him for his career by providing insight into developing as an individual through mentorship and guidance outside of the classroom.

185 Outstanding Young Alumni Award Award Description and Criteria The Outstanding Young Alumni Award is presented each year by the Alumni Association to alumni under the age of who have distinguished themselves in their careers. The award recognizes the achievement of a position or some distinction noteworthy for one so recently graduated. Benjamin D. Almquist examines life at nanoscale, but thinks big. Currently a Lecturer at Imperial College London where he leads his own research team, Ben came to Michigan Tech as an undergraduate for the welcoming culture, easy access to faculty, excellent reputation, and area beauty. Here the awardwinning researcher developed and refined an admirable life philosophy: Leave the world a better place than when you arrived and find a way to enjoy making it happen. Thinking back to what really stood out about Michigan Tech, Ben recalls, Professor Bruce Pletka took the time to lead a oneonone visit around the department and campus. There was no scheduled meeting length or time, unlike every other school I visited. Teamed up with the beautiful location, it convinced me that Michigan Tech was the place to be. Ben Almquist BS Materials Science and In this environment where Professor Jong Lee actually took his fivestudent class out to dinner before every exam Ben thrived, laying the groundwork for subsequent research and stellar achievements that culminated in his present position in the Department of Bioengineering at Imperial College London. Following graduation, the Michigan Tech Student Foundation Leadership Award recipient and Charles and Carrol MacArthur Research Scholar moved to Stanford University for graduate school, earning his master s and PhD in Materials Science. There he received a graduate fellowship to develop nanotechnologybased approaches for seamlessly integrating cells with computer chips. In he moved on to MIT s Koch Institute for Integrative Cancer Research, Department of Chemical, and Institute for Soldier Nanotechnologies where he was awarded an NIH Ruth L. Kirschstein Postdoctoral Fellowship. My research at MIT focused on new selfassembled biomaterials for treating nonhealing diabetic foot ulcers, one of the most devastating complications of diabetes that actually carry a lower year survival rate than breast and prostate cancer he explains. In Ben headed across the pond to accept his faculty position at Imperial, realizing that his time at Michigan Tech helped prepare him for this transition. I had the opportunity to study abroad at the University of Strathclyde in Glasgow during my second year at Michigan Tech. It allowed me to explore the Scottish Highlands, travel around Europe, and experience what it was like to live in the UK. Little did I know that I would be moving back to the UK as a professor just over a decade later. While Ben now directs his own research group, this Outstanding Alumni Award winner started his research career with opportunities provided by Michigan Tech; Professor Pete Moran created innovative undergraduate research opportunities, while internships at Caterpillar and Boston Scientific provided unique insights into corporate research. These opportunities formed an excellent foundation for many Ben s subsequent career highlights including appointment as a Research Fellow in the Center for Probing the Nanoscale at Stanford University, which was a joint initiative between the university, National Science Foundation, and IBM. His research in this position lead to a patent that gave rise to Stealth Biosciences Inc., a San Francisco Bayarea startup. It also earned him the Materials Research Society Gold Award, the top honor for Materials Science PhD students in America. Nowadays, Ben s solid record of grant funding, awards, invited talks and seminars, outreach activities, and prestigious accolades for his mentored students reflect this teacher, researcher, and leader s everexpanding efforts to educate, motivate, and heal. This profile is excerpted from the text of the Alumni Awards Dinner program.

186 Outstanding Young Alumni Award Recipients Name Name Johnathon M. Aho JohnathonD.M. Aho Benjamin Almquist Benjamin D. Almquist Britta A. Jost (Vande Hei) Britta (Vande Hei) Casey A. L. Jost Jogerst (Rosengarden) Casey J. L. Rothe Jogerst (Rosengarden) Jillian Jillian J. Rothe Dr. Amy J. Clarke Dr. Amy J. Clarke Kristina Marshall Kristina Marshall Dr. Katerina E. Aifantis Dr. Katerina E. Aifantis Teresa M. SchisslerBoichot Teresa M. SchisslerBoichot Michelle L. Boven Michelle Boven Jason M. L. Cousineau Jason M. Cousineau *Benjamin J. Hall *Benjamin J. Hall Dawn M. Plitzuwiet(Zarling) Dawn M. Plitzuwiet(Zarling) Lynda L. Aicher (Lambert) Lynda L. Aicher (Lambert) Dr. Kimberly L. Turner Dr. Kimberly L. Turner Kevin J. North KevinL.J.Trahey North (Grisdale) Amy Amy L. Trahey (Grisdale) Lt. Jayson E. Eurick Lt. JaysonRipke E. Eurick S. Jayson S. Jayson Ripke Sean P. Asiala Sean P. Brian R. Asiala VanVoorst Brian R.J.VanVoorst Daniel Branagan Daniel J.J.Branagan Thomas Karpus Thomas J. Karpus Otha Edward Thornton Jr OthaS.Edward Thornton Jr Toni Gissendanner Toni JohnS.L.Gissendanner Uhrie John L.Vandermey Uhrie Nancy Nancy Vandermey Jessica M. Kaiser Jessica E. M.Keener Kaiser Stacey Stacey Keener Peter A.E.Tapio Peter A. *Erick S. Tapio Dyke *ErickJ.S.Olson Dyke Darla Darla J. P. Olson Katrina Teague Katrina CynthiaP. S. Teague Anderson Cynthia S. Anderson John A. Furton John Furton StevenA.M. Tomaszewski Steven M. Douglas G.Tomaszewski Harris Douglas G. HarrisPE Rebecca L. Smits Rebecca D. L. Smits Gregory BessePE Gregory Besse JoAnn C.D. Brinser JoAnn C. Brinser Lcdr. Tyler D. Kearly Lcdr. Tyler *Adil Shafi D. Kearly *Adil M. Shafi Joan Hart Joan M. SuzanneHart M. Jurva Suzanne Jurva Jeffrey L. M. Smolinski Jeffrey Smolinski John P.L.Jamar John P. Jamar Catherine D. McRae Catherine D. McRae Scott R. Pattullo Scott A. R. Fream Pattullo Julie Julie A. Fream Douglas J. Hamar Douglas Dr. LindaJ.S.Hamar Vanasupa Dr. LindaA.S.Bennett Vanasupa George Jr George A. Cronenworth Bennett Jr Charles E. Charles Cronenworth Rose M. E. Koronkiewicz Rose M.H.Koronkiewicz Daniel Bliss DanielG. H.Krienen Bliss Susan Susan G. Krienen *Michael K. Bacon *Michael K. Bacon Class Class Past Award Recipients Past Award Recipients Major Major Mathematics, Biological Sciences Mathematics, Biological Sciences Materials Science and Materials Science and Mathematics, Mechanical Mathematics, Mechanical Forestry Forestry Mechanical, Business Administration Mechanical, Business Administration Metallurgical and Materials Metallurgical and Materials Business Administration Business Administration Civil Civil Mechanical Mechanical Mechanical Mechanical Social Sciences Social Sciences Biological Sciences Biological Sciences Scientific and Technical Communication Scientific and Technical Communication Mechanical Mechanical Computer Science Computer Science Civil Civil Mechanical Mechanical Metallurgical and Materials Metallurgical and Materials Chemical Chemical Computer Science Computer Science Metallurgical and Materials Metallurgical and Materials Electrical Electrical Rhetoric and Technical Communication Rhetoric Technical Communication Chemicaland Chemical Geological, Metallurgical and Materials Geological, Mechanical Metallurgical and Materials Mechanical Business Administration Business Administration Computer Science Computer Science Civil Civil Computer Science Computer Sciences Science Biological Biologicaland Sciences Scientific Technical Communication Scientific Technical Communication Electrical and Electrical Computer Science Computer Science Environmental Environmental Operations Management Operations Management Geological Geological Wood Science Wood Science Economics Economics Civil Civil Electrical, Computer Science Electrical, Chemical Computer Science Chemical Scientific and Technical Communication Scientific and Technical Communication Mechanical Mechanical Mechanical Mechanical Geological Geological Electrical Electrical Chemical Chemical Business Administration Business Administration Metallurgical and Materials Metallurgical and and Materials Materials Metallurgical Metallurgical and Materials Mining Mining Mechanical Mechanical Mechanical Mechanical Chemical Chemical Biological Sciences Biological Sciences Awarded Awarded

187 Outstanding Young Alumni Award Recipients (cont d) Barbara S. Link Dr. Paul D. Funkenbusch Dr. John M. Liebetreu Burton C. Arola Mark D. Clements Jeffrey M. Jentzen MD Dr. William C. Johnson Frederick R. Delie PE Dr. Sarah A. Rajala J. Bronce Henderson Michael D. Meeuwsen L/Col. Robert F. Lemon Jr. Don T. Moore PE Teo A. Babun Jr. Thomas J. McEnhill PE James L. Sanderson *John E. Kappler Thomas M. Neuville Daniel H. Draper Ronald K. Franz James E. Grimes *John O. Vartan Dr. James D. Brodeur Ross C. Feltz James J. Graham Dr. Robert J. Pomazal Donald L. French PE David W. Smith Camiel E. Thorrez William A. Armstrong Dr. Henry S. Santeford, Jr. Dr. James L. Voogt *Deceased Metallurgical and Materials Metallurgical and Materials Electrical Business Administration Civil Technology Biological Sciences Applied Physics Electrical Electrical Metallurgical and Materials Business Administration Electrical Electrical Electrical, Business Administration Chemical, Business Administration Chemical Business Administration Chemical Mechanical Business Administration Business Administration Civil Biological Sciences Liberal Arts Metallurgical and Materials Mechanics Civil Business Administration Mechanical Mechanical Civil Biological Sciences

188 Humanitarian Award Award Description and Criteria The Michigan Tech Alumni Humanitarian Award, established in to commemorate Michigan Tech s th anniversary, will be bestowed upon alumni of Michigan Tech by the Alumni Association on behalf of the University. It will be presented to those alumni who, through their outstandinginvolvement and dedication, have made a significant contribution of volunteer leadership or service which has improved or enriched the lives of others and the welfare of humanity, and whose accomplishments reflect admirably on or bring honor to their Alma Mater. Their honeymoon in East Africa was a lifechanger for Jim Tanis,,, and wife Jan Tanis. It s also been a lifechanger for hundreds of vulnerable children who have been helped through the Bwindi Community Program they founded to bring hope to vulnerable children through the power of education. The globetrotting newlyweds had already climbed Kilimanjaro and safaried across Tanzania when they stopped in remote southwest Uganda to visit mountain gorillas. A chat with yearold Brian, who sold them a gorilla carving, turned into a longlasting relationship after he requested a photo with Jan and asked them to it to him. The Tanises eventually helped him attend secondary school. A class trip away from home opened Brian s eyes to the devastation in his village, where many children are poor, orphaned, and the entire population is affected by AIDS, malaria, typhoid, and unemployment. He asked the Tanises if they could help these young people in the same way they d helped him. Their backgrounds prepared them for the task. Jim, a retired oil exploration geophysicist with Conoco for years and Shell Oil for eight, lived in six countries during his career and regularly traveled to developing nations. Jan, who retired as controller with First Martin Corporation, has years of experience in commercial real estate development and management. Both have extensive volunteer and community service history. Dr. James I. and Janet Tanis BS Geological MS Geophysical The nonprofit program sent the first kids to school in. BCP continues to grow to students in thanks to donors in six countries who sponsor individual students. In a sister charity was formed to focus on primarygrade students, while BCP focuses on secondary school and beyond. BCP has primary students, of the nearly students sponsored in primary school by both charities. There are sponsored secondary students, nine vocational students in various programs, and one in university. All students board at school for maximum benefit. An endowed counselor position was also added in to help incoming secondaryschool students transition from smallvillage life to larger schools, and assist with their career choices after graduation. In addition to educating students, BCP also accepts donations for general use and special projects as determined by its governing board, for example completing an assembly hall at the primary school and digging wells, rainwater collection and a water filtration system for the secondary school. Jim serves as board president, Jan as treasurer. Jim and Jan travel to Uganda every two years to visit each sponsored student and meet with school administrators. They say nothing can replace that personal interaction. Brian, who planted the seed for BCP although he wasn t sponsored by the program, is now in his second year of Human Rights Law studies in Kampala, Uganda. They are very proud of him. This honeymoon is definitely not over. Excerpted from the Alumni Awards Program

189 Humanitarian Award Recipients Name Name Dr. James and Janet Tanis Dr. James *Justin M. and FitchJanet Tanis *Justin M. Fitch Dr. Terry J. Woychowski Dr. Terry J. Woychowski ** Deceased Deceased Past Award Recipients Class Class,, Major Past Award Recipients Major Geological, Geophysical Geological, Geophysical Business Administration Business Administration Mechanical Mechanical Awarded Awarded

190 Honorary Alumni Award Award Description and Criteria The Honorary Alumni Award honors individuals who have provided service and support of the University characteristic of a dedicated alum. The Association reserves this award to recognize the strongest nonalumni supporters of Michigan Tech. Fort Worth, Texas native John T. Patton, earned his BSc (), MS (), and PhD () in chemical engineering from Oklahoma State University. In he joined Exxon USA as a section head responsible for research on enhanced petroleum operations in. He held progressively responsible positions in Exxon until, when he brought his extensive process design and operations experience to Michigan Tech as professor of chemical engineering plant design and economics. Within three years professor Patton s design students were receiving national recognition from the American Institute of Chemical Engineers. During his tenure at Michigan Tech his students twice won the national AIChE design contest for undergraduates. He elevated the quality of the undergraduate curriculum to full national accreditation standards, and he initiated a viable graduate program. In he left Michigan Tech to head up the New Mexico State University Department of Chemical. In he gave up his administrative responsibilities, retiring as professor emeritus of chemical engineering in. President and chief engineer of the design and research corporation he founded in, Computer Bio/ Institute Inc. of El Paso, Texas, John maintains an active consulting practice on the design and operation of a multitude of chemical plants ranging from biosynthesis processes to oil field production facilities. The Michigan Tech Chemical Academy inductee has patents and more than publications in areas of enhanced oil and gas recovery, biosynthesis, and advanced cogeneration. Excerpted From Induction to the Department of Chemical Academy Updated June,, by Dr. Patton

191 Honorary Alumni Award Name Name Past Award Recipients Past Award Recipients Dr. John T. Patton Dr. John T. Patton John Fenn Fenn and and Lynda Lynda Fenn Fenn John Dr. B. Patrick Joyce Dr. B. Patrick Joyce Dr. George Robinson and Susan Robinson Dr. George Robinson and Susan Robinson Dr. Martha Sloan Dr. Martha Sloan Ruth Nara and *Dr. Robert Nara *Daniel P. Lorenzetti Ruth Nara and *Dr. Robert Nara Dr. William W. Predebon *Daniel P. Lorenzetti Betty A. Chavis Dr. William W. Predebon Terry A. Smythe Ross E. Roeder Betty A. Chavis Dr. Raymond L. Smith Terry A.J.Smythe George Butvilas Ross E. B. Roeder Bonnie Robbins (Bien) Dr. J. Thompkins Dr. Curtis Raymond L. Smith Claude A. Verbal George J. Butvilas *Hon. Russell Hellman Bonnie B. Robbins *H. Walter Rembold(Bien) and E. Joyce Rembold Dr. Ruth A. Reck Dr. Curtis J. Thompkins Robert M. Thompson Claude Verbal Alton R. A. Berquist *Hon. Russell Hellman *Mario Fontana Dr. Kirkish and E. Joyce Rembold *H.Joseph Walter B. Rembold *Russell F. Hoyer Dr. RuthP. A.Helman Reck and Lou Ellen Helman Ronald Robert M.Gundlach Thompson *Herman Dr. Dale Stein and Audrey D. Stein Alton R. F. Berquist William G. Lucier *MarioJ.Fontana *John MacInnes Dr. Joseph B. Kirkish *Russell F. Hoyer *Deceased Ronald P. Helman and Lou Ellen Helman *Herman Gundlach Dr. Dale F. Stein and Audrey D. Stein William G. Lucier *John J. MacInnes *Deceased Awarded Awarded

192 Outstanding Service Alumni Award Award Description and Criteria The Outstanding Service Award is presented by the Michigan Tech Alumni Association to alumni and friends making significant contributions to the success of the Association and/or the University. Josh and Jana Fogarty s story is pure Michigan Tech. They met at Resident Assistant orientation in McNair Hall. In addition to the same college major, Materials Science, they found common ground in their passion for the outdoor experiences that abound on the Keweenaw Peninsula, from hiking to winter camping and especially broomball. Josh graduated in spring, and began work as a metallurgist for General Electric in Fort Wayne, Indiana. He proposed to Jana at the Winter Carnival AllNighter. He and some friends built a snow statue of the Vegas Strip complete with the Little White Wedding Chapel. They married after Jana s graduation in. She was hired as a materials engineer for Kohler Co in Kohler, Wisconsin and Josh was able to transfer to a sister facility nearby, so they relocated to Random Lake, Wisconsin. In Winter, they decided it would be fun to gather a few Michigan Tech alumni to play broomball, but the weather didn t cooperate. The eight participants ended up playing in the snow on the beach. The next year there was ice on the lake, so about friends gathered to play broomball for several hours before sharing chili and stories about their own times at Tech. Winter brought more friends and but lessthanideal ice on the lake. So in a core group living nearby decided to work on a backyard rink. With more control over conditions the event took off. By more than Michigan Tech Huskies and friends were arriving from seven states to enjoy broomball, chili and each other s company. Jana and Josh Fogarty BS Materials Science and BS Materials In, Josh and Jana moved north to Crystal Lake, Wisconsin and so did the annual Broomball Science and Tournament. Just as broomball on campus has grown, their event has expanded. In addition to the enthusiastic group of new and returning alumni, the tournament includes coops working with alumni, and current students who travel down from Houghton to play a few more games. Josh, whose student coop with General Electric turned into a fulltime position, moved on to Regal Beloit when GE sold its motors business to that company. He attained a Master Black Belt in Lean Six Sigma, a methodology that helps organizations make Continuous improvement part of the culture using improved processes and unobstructed flow to lower costs and maintain a competitive advantage. He s traveled worldwide to host trainings for more than, employees. Currently Josh is Director of Quality for Regal s Climate Solutions business. Jana started out as a materials engineer in the Kohler Co. cast iron foundry. After six years she transitioned to the sustainability field, where she works with design for environment and life cycle inventory. Their best advice for Michigan Tech students and young alumni? Hard work, networking, and don t forget to keep an open mind, says Jana. Careers have a way of evolving and it s exciting to continue our learning experiences within the scope of an occupation. Josh counters the notion that it s rare to stay with a company more than a few years. My experience is the opposite. Great companies do a lot to keep people engaged and part of their team. I have been lucky to work for the same company my entire career, and it s been a lot of fun working with people from different cultures in various locations. Any Huskies who are in the Sheboygan area on February, are welcome to get in on the action. This profile is excerpted from the text of the Alumni Awards Dinner program.

193 Outstanding Service Alumni Award Recipients Name Name T. and Jana M. Fogarty Joshua JoshuaL.T.Korpela and Jana M. Fogarty Susan Susan L. Cleveland Korpela Marie L. Marie L. Cleveland Stasia and Richard Gray Stasia and Richard Gray *Tanya Klain (Wareham) *Tanya Klain (Wareham) Russell A. Gronevelt Russell A.Freimuth Gronevelt Robert J. Robert Freimuth John F.J.Calder John F. Calder Dr. Dennis E. Teeguarden Dr. Dennis E. Teeguarden Michael C. Henricksen Michael C. Henricksen Dean L. Woodbeck Dean L. A. Woodbeck Donald Daavettila Donald A. Daavettila *Dr. Edward R. Fisher *Dr. Edward R. Fisher James A. Mitchell James DennisA. L. Mitchell Euers Dennis T. L. Olson Euers Robert Robert T. Rivard Olson Daniel L. Daniel L. A. Rivard Howard Zollinger, PE Howard A. Zollinger, PE Gary E. Anderson Gary E. Anderson Thomas R. Irwin Thomas R. Irwin Gary E. Kent Gary E. Kent E. Michael Balock E. A. Michael Michael Balock Santosky A. Michael Santosky David R. Hongisto David R. Hongisto Dewaine A. Olson Dewaine A. Sharlyn Olson R. Stocker Gary E. and Gary Sharlyn R. Stocker *RenéE.E.and Adams *René RonaldE.E.Adams Starr, PE Ronald R. E. Wendorf Starr, PE Steven Steven R.O.Wendorf *Robert Williams, Sr. *Robert O.Bailo, Williams, Steven M. PE Sr. Steven M. Bailo, PE *Charles Edwin Haltenhoff *Charles Edwin Haltenhoff Thomas P. Fryzel, PE Thomas P. Fryzel, PE *Harold Meese *Harold Meese *Norman R. Pratt, PE *Norman R. Hellman, Pratt, PE PE *Gordon A. *Gordon A. Hellman, PE David R. and Ellen D. (David) Nelson David R. and Ellen D. (David) Nelson * Deceased * Deceased Class Class / / Past Award Recipients Past Award Recipients Major Major Science and Materials Materials Science and Chemical ChemicalAdministration Business Business Administration Liberal Arts, Geological Liberal Arts, Geological Mechanical Mechanical Civil Civil Business Administration Business Administration Mechanical, Business Administration Mechanical, Business Administration Forestry Forestry Forestry ForestryArts Liberal Liberal Arts Physics Physics Chemistry Chemistry Electrical Electrical WMPL Owner/Broadcaster and friend of the Huskies WMPL Owner/Broadcaster Mechanical and friend of the Huskies Mechanical Electrical Electrical Chemical Chemical Business Administration Business Administration Mechanical Mechanical Biological Sciences Biological Sciences Mechanical Mechanical Michigan Tech Retiree MichiganAdministration Tech Retiree Business Business Administration Civil Civil Mechanical Mechanical Business Administration Business Administration Mechanical Mechanical Civil (Lehigh University) Civil (Lehigh University) Chemical ChemicalEnigineering Administration Business Business Enigineering Administration Mechanical Mechanical Mechanical Mechanical Liberal Arts Geological, Geological, Liberal Arts Awarded Awarded

194 Distinguished Alumni Award Award Description and Criteria Presented by the Alumni Association to alumni who have made outstanding contributions both in their careers and to Michigan Tech over a number of years. William J. Bernard, Jr. is tenacity personified. A local boy without resources to afford schooling and living expenses elsewhere, he stayed close to home and worked nearly hours a week while completing his studies. He s been with the same company for more than years, recently ascending to sole owner and CEO. The CEO & Chairman of Surface Combustion, Inc. chose Michigan Tech because he could work year round close to home and he was following in the footsteps of his brothers and sister, as well as his father, who attended Tech in the s. William J. Bernard, Jr. BS Metallurgical and Materials Tech allowed me to receive my degree in just over four years even though I worked close to hours per week during my college career. Professors and local business people were instrumental in finding me positions. I gained valuable business experience while I was the evening student manager at the Union and I gained an immense amount of technical skill at Central Foundry, a division of GM and US Steel in the Iron Range. All of these experiences would not have happened without the support of Tech, he says. He also managed to build both a controversial and awardwinning snow statues with his Sig Rho brothers, and to enjoy the pleasures of the Copper Country s outdoor beauty in the company of family and friends. His first job after graduation was field engineer in the Surface Combustion division of Midland Ross. He progressed into engineering design, contract engineering, marketing, chief engineer, and business manager roles. When the New Yorkbased private equity firm Forstmann Little & Co. bought out Midland Ross and threatened to close the Surface Combustion division in the mids, Bill and several others spearheaded a successful buyout, creating Surface Combustion, Inc., a leading manufacturer of thermal processing equipment. He was appointed executive vice president of marketing and technology. In, when my partners wished to retire, I bought the company yet again, becoming the sole owner, president and CEO. Since then, with the maturation of key personnel and in accordance with my succession plan, I have taken on the role of CEO and chairman of the board, the Entrepreneurial & Business Excellence Northwest Ohio Hall of Famer explains. In he was also named the national Metal Treating Institute Associate Member of the Year, the Ernst & Young Northwest Ohio Entrepreneur of the Year and a national nominee, and received the Ohio Thomas Edison Program Emerging Technology Award. The Michigan Tech Academy of Material Science and Inductee and ASM International Fellow has earned numerous other honors, including the Center for Heat Treating Excellence Distinguished Service Award, the Ohio Governor s Excellence in Exporting Award in,, and, and the ASM International Distinguished Life Membership Award. The threepatent holder is proud to be a founding member of the Center for Resource Recovery and Recycling with Worcester Polytechnic Institute, Colorado School of Mines, and Katholieke Universiteit Leuven, Belgium, as well as a founder of the Center for Heat Treating Excellence (CHTE) at Worcester Polytechnic Institute. I have also enjoyed multiple positions on the Boards of Metal Treating Institute, ASM International and the Industrial Heating Equipment Association (IHEA). These experiences have helped me lead a life where I have been able to provide for my family and to maintain a strong and secure company that has been able to support the families of Surface Combustion over the past years, Bill says. The Minerals, Metals & Materials Society Blue Ribbon Panel member remains active on numerous professional societies and boards. Networking and paying it forward are more than concepts. They re put into action. In keeping with his company s motto, Bill combines tradition and integrity with tomorrow s technology. My philosophy is to use your Godgiven skills to the best of your ability and to recognize the people around you as key players in your development, he says. His advice for Tech students and young alumni? Work ethic is the key. Taking on assignments you are given good or bad with a high degree of energy and with the tenacity to finish, no matter where the assignment takes you or who you have to work with. This profile is excerpted from the text of the Alumni Awards Dinner program.

195 Distinguished Alumni Award Recipients Name Name William J. Bernard, Jr. William J. Bernard, Jr. Joseph Joseph M. M. Nowosad Nowosad Thomas R. R. Irwin Irwin Thomas Paul Paul W. W. Fernstrum Fernstrum *James A. Tretheway *James A. Tretheway Olive M. Kimball (Cornish) Olive M. Kimball (Cornish) John Soyring John Soyring Dr. Bhakta B. Rath Richard W. B. Henes Dr. Bhakta Rath Frank E. Pavlis Richard W. Henes Dr. Sarah A. Rajala Frank E. Pavlis Dr. David A. Edwards Dr. Sarah A. Rajala Dr. Matthew N. Songer John A. Benaglio Dr. David A. Edwards William G. Jackson Dr. Matthew N. Songer Gary E. Anderson John A. Benaglio James A. Mack William G. Jackson(Tormen) Lina T. Taskovich John F. Marshall Gary E. Anderson Kanwal Rekhi James A.S.Mack David L. House Lina T. A. Taskovich (Tormen) James Klungness JohnTheodore F. MarshallRosza *Dr. Gerald KanwalJ.S.Ziarno Rekhi *Dr. Octave J. DuTemple David L. House *James S. Magoffin James A.Real Klungness *Jack G. *Dr. Theodore Rosza Dr. Richard J. Robbins William Verrette Gerald J.C.Ziarno John D. OpieJ. DuTemple *Dr. Octave Dr. Harold S. Jensen *James S. Magoffin Daniel L. Rivard *Jack G. Real *Edward O. Falberg *Robert L. McFadin Dr. Richard J. Robbins Dr Edwin B. Johnson William C. Verrette Dr. James G. Vorhes John D. Opie *Dr. Frank G. Woodruff Dr. Harold S. Jensen *Arthur J. Karam *Dr. Thomas J. Rentenbach Daniel L. Rivard *A. DanielO.Hellens *Edward Falberg *Dr. Howard Barkell *Robert L. McFadin *Dr. James B. Stone Dr Edwin *Dr. JamesB.S.Johnson Westwater *Dr. MartinG.J.Vorhes Caserio Dr. James *Dr. John *Dr. F. Frank G.McMulkin Woodruff *Dr. Neil V. Hakala *Arthur J. Karam *Dr. Ralph Hayden *Dr. Thomas J. Rentenbach *Dr. Louis J. Haga *Dr. Karl V.Hellens Lindell *A. Daniel *Dr. Wilfrid C.Barkell Polkinghorne *Dr. Howard *Ralph E. Benedict *Dr. James B. Stone *A. J. Keast *Dr. James S. Calvin Westwater *Prof. Melvin *Dr. Albert Martin E. J. Blair Caserio *Dr. *Dr. G. McMulkin Gates *Dr. John F. John *Charles C. Gates, Sr. *Dr. Neil V. Hakala *Dr. Clyde E. Weed *Dr. RalphTurner Hayden *Dr. Scott *Dr. Louis J. Haga *Dr. Karl V. Lindell *Deceased *Dr. Wilfrid C. Polkinghorne *Ralph E. Benedict *A. J. Keast Past Award Recipients Award Recipients Class Past Major Class Major Metallurgical and Materials Metallurgical and Materials Metallurgical Metallurgical and and Materials Materials Business Administration Administration Business Mechanical Mechanical Business Business General Science, Honorary Biological Sciences General Honorary Biological Sciences ElectricalScience,, Honorary Biological Sciences Electrical, Honorary Biological Sciences Metallurgical and Materials Mechanical Metallurgical and Materials Chemical Mechanical Electrical Chemical Chemical Electrical Biological Sciences Business ChemicalAdministration Electrical Biological Sciences Chemical Business Administration Chemical Electrical Chemistry Civil Chemical Electrical Chemical, Electrical Chemistry Electrical Civil Geology Electrical Electrical, Chemical Electrical Mining Electrical Mechanical Geology Mechanical Civil Electrical Metallurgical and Materials Chemical Civil Mining Mechanical Mechanical Metallurgical and Materials Mechanical Metallurgical Civil Mechanical Metallurgical and Materials Geology, Mining Civil Metallurgical and Materials Civil Mechanical Mining Metallurgical and Materials Metallurgical and Materials Mechanical Mechanical Metallurgical Mining, Mechanical Metallurgical and Materials Geology, Mining Chemical Metallurgical and Materials Mechanical Civil Mining Mining Mining Mining Metallurgical and Materials Mining Mechanical Mining Mining, Chemistry Mining Mining Metallurgical and Materials Mining Chemical Mining Mechanical Mining, Mining Mining Mining Mining Mining Awarded Awarded

196 Alumni Association Background Information Mission Statement Celebrating traditions. Creating connections. Vision We are passionate champions of Michigan Tech s unique traditions and we continuously strengthen our alumni community. Your Connections with Tech The Michigan Tech Alumni Association has served its members and the University since. From a small group of alumni centered in the Keweenaw, the organization has grown to include all students on campus and more than, alumni and friends living and working in more than nations around the world. Michigan Tech alumni have a proud history of service to the university, assisting in student recruitment, mentoring, job shadowing, annual giving, career center job fairs, and many more great programs in support of students. They also act as ambassadors for Michigan Tech and share their expertise with student enterprises, SAE teams and senior design programs. Most importantly, alumni act as shining examples of the quality of a Michigan Tech education. Association Programs The Alumni Association has developed a number of programs and opportunities designed to help carry out its mission. These programs include: Alumni Chapters: The Association sponsors regional alumni chapters around the country and the world. Chapters provide local alumni with networking opportunities support Huskies athletic programs and help alumni stay connected with Michigan Tech. Online Social Networking: Get connected to your Michigan Tech Alumni Network HuskyLink is Michigan Tech s exclusive online alumni community and allows alumni to update their information and provides a searchable alumni directory. LinkedIn. Find and collaborate with Michigan Tech Alumni from around the world and also participate in our professional network program. Facebook. Become a fan of the Michigan Tech Alumni Association Facebook page and get up to the minute news and events in your news feed. Student Support: After completing one semester at Michigan Tech, you are officially a member of the Michigan Tech Alumni Association. The MTUAA connects students to a powerful network of over, alumni and friends in over countries around the world. Mentoring. Alumni share their Michigan Tech experiences with current students in their preferred industry or location. Students build relationships to help prepare them for the future. Student Initiative Funding Project. The Michigan Tech Alumni Association believes in supporting student involvement on campus and is prepared to assist ground with funding for activities that support Celebrating Traditions. Creating Connections. Alumni Reunion: Each year, the Alumni Reunion offers an opportunity for alumni to visit the campus, renew acquaintances, and meet with students, faculty and University officials. The Reunion takes place during the first full weekend of August, and features special class reunions as well as gatherings for athletic groups and other organizations to reconnect with Tech and the Keweenaw. (For information, visit: Alumni Publications: The Michigan Tech Magazine is published two times per year and features articles on faculty, students, teaching, research, and issues of interest to alumni. The magazine covers what s new at Tech and also the rich history and traditions which are so important to the University and its many constituents around the world. It can be read online at: TechAlum is our biweekly electronic newsletter which is ed to alumni and friends. It features photos and stories about what is happening on campus and in the local community. To view the current issue visit: edu/techalum/ The Michigan Tech Research magazine highlights the activities of our faculty and student researchers. It can be read online at: