2022-2023 Budget
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Background and Summary: The three campuses of the University of Michigan have developed budgets for the 2022-2023 fiscal year. At this time, we ...
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2022 -202 3 Budget
Table of Contents
Fiscal Year 2022 - 2023 Budget
Regents, Executive Officers, Budget Staff ............................................................................................................. 3
Regents’ Communication - Approval of FY 202 2 - 2023 Operating Budgets ............................................................ 4
Campus Sections
All U-M Campuses - Ann Arbor, Dearborn and Flint Campuses (combined) ........................................................... 5
Ann Arbor Campus ........................................................................................................................................ 13 - 14
Dearborn Campus .............................................................................................................................................. 72
Flint Campus ................................................................................................................................................... 97
All U-M Campuses
Ann Arbor, Dearborn and Flint Campuses (combined)
Summary of Budgeted Revenues and Expenditures …………………………………………….………………….. 5
Summary by Campus ........................................................................................................................................ 6
Schedule A - Summary by Fund ......................................................................................................................... 7
Schedule B - General Fund ............................................................................................................................... 8
Schedule C - Designated Fund ......................................................................................................................... 9
Schedule D - Auxiliary Activities Fund ........................................................................................................ 10 - 11
Schedule E - Expendable Restricted Fund ...................................................................................................... 12
FY 2022-2023 2
THE UNIVERSITY OF MICHIGAN
REGENTS COMMUNICATION
Action Item
Subject: FY 2022-2023 Budgets
Action
Requested: Approval of Revenue and Expenditure Operating Budgets for FY 2022-
Background and Summary:
The three campuses of the University of Michigan have developed budgets for the 2022-2023 fiscal
year. At this time, we are presenting summary revenue and expenditure budgets for the General Fund,
Designated Fund, Auxiliary Activities, and Expendable Restricted Fund. These budgets conform to
all University policies.
We recommend that the following summary revenue and expenditure budgets be approved effective
July 1, 2022 for the period July 1, 2022 through June 30, 2023.
Note: Budget amounts are shown in thousands. Detail may not add exactly to totals due to rounding.
Respectfully Submitted,
Geoffrey S. Chatas
Executive Vice President and Chief Financial Officer
Laurie K. McCauley
Provost and Executive Vice President for Academic Affairs
Marschall S. Runge
Executive Vice President for Medical Affairs and Dean of the Medical School
June 2022
Revenue Budget: Ann Arbor Dearborn Flint Total
General Fund $ 2,590,485 $ 165,412 $ 116,515 $ 2,872,
Designated Fund 253,820 500 480 254,
Auxiliary Activities 6,583,288 1,250 4,027 6,588,
Expendable Restricted 1,562,024 24,907 20,700 1,607,
Totals $ 10,989,617 $ 192,069 $ 141,722 $ 11,323,
Expenditure Budget: Ann Arbor Dearborn Flint Total
General Fund $ 2,590,485 $ 165,412 $ 116,515 $ 2,872,
Designated Fund 253,820 500 480 254,
Auxiliary Activities 6,506,402 1,250 4,027 6,511,
Expendable Restricted 1,547,024 24,907 20,700 1,592,
Totals $ 10,897,731 $ 192,069 $ 141,722 $ 11,231,
FY 2022-2023 4
All U-M Campuses
Ann Arbor, Dearborn and Flint
Summary of Budgeted Revenues and Expenditures
FY 2022-
Schedule AAll U-M CampusesSummary of Budgeted Revenues and Expenditures by Fund
2022- Auxiliary
Expendable
2021-
General
Designated
Activities
Restricted
Total
Total
$ Change
Revenues:
State Appropriations
386,019,
$^
$^
$^
$^
386,019,
$^
374,219,
$^
11,799,
$
Student Tuition & Fees
2,174,503,
-^ -^ -^
2,174,503,
2,016,172,
158,330,
Government Sponsored Programs:
Federal
-^ -^ -^
1,180,000,
1,180,000,
1,263,000,
(83,000,000)
Non-Federal
-^ -^ -^
11,700,
11,700,
11,700,
Non-Government Sponsored Programs
-^ -^ -^
265,000,
265,000,
254,700,
10,300,
Indirect Cost Recovery
302,743,
31,200,
-^ -^
333,943,
312,820,
21,123,
Indirect Cost Recovery Alloc to Gen Oper
-^ -^ -^
(333,943,900)
(333,943,900)
(312,820,000)
(21,123,900)
Private Gifts
-^
2,500,
8,363,
160,000,
170,863,
147,440,
23,422,
Income from Investments:
Endowment Income
-^
58,700,
100,353,
312,000,
471,053,
440,913,
30,139,
Other Investment Income
100,
35,400,
-^
11,875,
47,375,
27,234,
20,141,
Auxiliary Activities:
Michigan Medicine
-^ -^
6,052,019,
-^
6,052,019,
5,672,187,
379,831,
Other Auxiliary Units
-^ -^
427,828,
-^
427,828,
373,289,
54,539,
Departmental Activities
9,045,
127,000,
-^
1,000,
137,045,
135,045,
2,000,
Total Revenues
2,872,412, $^
254,800, $^
6,588,564, $^
1,607,631, $^
11,323,408,
$^
10,715,903,467$
607,504,
$
Total Expenditures
2,872,412, $^
254,800, $^
6,511,678, $^
1,592,631, $^
11,231,521,
$^
10,694,572,475$
536,949,
$
Forecast Margin
-
$
-
$^
76,886,
$^
15,000,
$^
91,886,
$^
21,330,
$
FY
2022-
7
Schedule BGeneral Fund - All U-M CampusesSummary of Budgeted Revenues and Expenditures
2022-
2021-
Ann Arbor
Dearborn
Flint
Total
Total
$ Change
Revenues:
State Appropriations
332,619, $
28,183, $
25,217, $
386,019, $
374,219, $
11,799,
$
Student Tuition & Fees
1,948,370,
135,335,
90,798,
2,174,503,
2,016,172,
158,330,
Government Sponsored Programs:
Federal
-^ -^ -^ -^ -^
Indirect Cost Recovery
301,251,
1,342,
150,
302,743,
281,895,
20,848,
Income from Investments - Other
-^
50,
50,
100,
100,
Departmental Activities
8,245,
500,
300,
9,045,
9,045,
Total Revenues
2,590,485, $
165,411, $
116,515, $
2,872,412, $
2,681,432, $
190,979,
$
Total Expenditures
2,590,485, $
165,411, $
116,515, $
2,872,412, $
2,681,432, $
190,979,
$
Forecast Margin
-
$
-
$
-
$
-
$
$
FY
2022-
8
Schedule DAuxiliary Activities - All U-M CampusesSummary of Budgeted Revenues and Expenditures
2022-
2021-
BUDGETED REVENUES
Ann Arbor
Dearborn
Flint
Total
Total
$ Change
Michigan Medicine:
Clinical Enterprise
5,390,361,
$^
$
$
5,390,361,
$^
5,074,245, $
316,115,
$
UM Health
553,701,
553,701,
514,269,
39,432,
Michigan Health Corporation
22,408,
22,408,
21,958,
450,
Medical School - Clinical Activity
968,516,
968,516,
863,321,
105,195,
Executive Vice President for Medical Affairs - Program Support
424,235,
424,235,
397,518,
26,717,
Subtotal
7,359,222,
$^
-
$
-
$
7,359,222,
$^
6,871,312, $
487,909,
$
Less Recharge Credits
(1,198,486,868)
(1,198,486,868)
(1,095,970,398)
(102,516,470)
Total - Michigan Medicine
6,160,736,
$^
-
$
-
$
6,160,736,
$^
5,775,342, $
385,393,
$
Other Auxiliary Units:
Plant Operations
23,727,
$^
$
$
23,727,
$^
24,424,
$
(697,788)
$
Utilities
178,453,
178,453,
170,622,
7,830,
Information & Technology Services
66,798,
66,798,
64,123,
2,675,
University Housing
159,811,
159,811,
138,619,
21,192,
Strategic Procurement
4,806,
4,806,
5,569,
(762,912)
Intercollegiate Athletics
186,007,
186,007,
165,160,
20,847,
Risk Management & Veritas Insurance Co
92,356,
92,356,
90,274,
2,081,
Staff Benefits Rebillings
92,454,
92,454,
85,859,
6,595,
Health Service
27,061,
27,061,
25,035,
2,026,
Parking Operations
29,057,
29,057,
27,086,
1,970,
Other Publications
11,811,
11,811,
10,338,
1,472,
League, Union, and Commons
24,163,
24,163,
15,830,
8,333,
Other Internal Services
125,601,
1,650,
5,375,
132,626,
126,152,
6,473,
Subtotal - Other Auxiliary Units
1,022,109,
$^
1,650, $^
5,375, $
1,029,134,
$^
949,097,
$
80,036,
$
Less Recharge Credits
(591,977,880)
(400,000)
-^
(592,377,880)
(560,258,459)
(32,119,421)
Less Student Fee Allocations Budgeted in General Fund
(22,304,542)
-^
(1,348,000)
(23,652,542)
(21,999,484)
(1,653,058)
Plus Investment Income
14,725,
14,725,
6,450,
8,275,
Total - Other Auxiliary Units
422,551,
$^
1,250, $^
4,027, $
427,828,
$^
373,289,
$
54,539,
$
Grand Total - Revenue
6,583,287,
$^
1,250, $^
4,027, $
6,588,564,
$^
6,148,631, $
439,932,
$
FY
2022-
10
Schedule D - ContinuedAuxiliary Activities - All U-M CampusesSummary of Budgeted Revenues and Expenditures
2022-
2021-
BUDGETED EXPENDITURES
Ann Arbor
Dearborn
Flint
Total
Total
$ Change
Michigan Medicine:
Clinical Enterprise
5,275,645,
$
$^
$
5,275,645,
$^
5,005,373, $
270,272,
$
UM Health
541,313,
541,313,
498,916,
42,397,
Michigan Health Corporation
25,690,
25,690,
25,610,
79,
Medical School - Clinical Activity
1,020,747,
1,020,747,
910,954,
109,793,
Executive Vice President for Medical Affairs - Program Support
417,109,
417,109,
408,276,
8,833,
Subtotal
7,280,506,
$
$^
$
7,280,506,
$^
6,849,129, $
431,376,
$
Less Rebilling Credits
(1,198,486,868)
(1,198,486,868)
(1,095,970,398)
(102,516,470)
Total - Michigan Medicine
6,082,019,
$
-
$^
-
$
6,082,019,
$^
5,753,159, $
328,860,
$
Other Auxiliary Units:
Plant Operations
24,501,
$
$^
$
24,501,
$^
22,043,
$
2,457,
$
Utilities
178,034,
178,034,
168,495,
9,539,
Information & Technology Services
67,429,
67,429,
65,155,
2,274,
University Housing
159,811,
159,811,
138,619,
21,192,
Strategic Procurement
4,655,
4,655,
5,322,
(666,921)
Intercollegiate Athletics
186,007,
186,007,
164,260,
21,747,
Risk Management & Veritas Insurance Co
92,356,
92,356,
90,274,
2,081,
Staff Benefits Recharge
96,954,
96,954,
89,591,
7,362,
Health Service
27,061,
27,061,
25,035,
2,026,
Parking Operations
28,935,
28,935,
26,982,
1,952,
Other Publications
11,896,
11,896,
10,819,
1,076,
League, Union, and Commons
24,163,
24,163,
15,830,
8,333,
Other Internal Services
122,132,
1,650,
5,375,
129,157,
142,518,
(13,361,451)
Subtotal - Other Auxiliary Units
1,023,939,
$
1,650, $^
5,375, $
1,030,964,
$^
964,949,
$
66,014,
$
Less Rebilling Credits
(591,977,880)
(400,000)
-^
(592,377,880)
(560,258,459)
(32,119,421)
Less Student Fee Allocations Budgeted in General Fund
(22,304,542)
-^
(1,348,000)
(23,652,542)
(21,999,484)
(1,653,058)
Plus Investment Income
14,725,
14,725,
6,450,
8,275,
Total - Other Auxiliary Units
424,381,
$
1,250, $^
4,027, $
429,658,
$^
389,141,
$
40,517,
$
Grand Total - Expenditures
6,506,401,
$
1,250, $^
4,027, $
6,511,678,
$^
6,142,300, $
369,377,
$
Forecast Margin
76,886,
$
-
$^
-
$
76,886,
$^
6,330,
$
70,555,
$
FY
2022-
11
Table of Contents
Fiscal Year 2022 - 2023 Budget
Table of Contents
Fiscal Year 2022 - 2023 Budget
Ann Arbor Campus
- Section One - Summary of Budgeted Revenues and Expenditures Ann Arbor Campus
- Schedule A - Summary by Fund
- Schedule B - General Fund
- Schedule C - Designated Fund
- Schedule D - Auxiliary Activities Fund 19 -
- Schedule E - Expendable Restricted Fund
- Schedule F - Student Tuition and Fees 22 -
- Section Two - General Fund Budget ……………………………………………………………..……………. - A. Alfred Taubman College of Architecture & Urban Planning - Penny W. Stamps School of Art & Design....................................................................................................... - Stephen M. Ross School of Business - School of Dentistry - School of Education - College of Engineering - School for Environment and Sustainability - School of Information - School of Kinesiology - Law School …………………….......................................................................................................................... - College of Literature, Science and the Arts - Medical School …………….. - School of Music, Theatre & Dance - School of Nursing - College of Pharmacy - School of Public Health
- FY 2022-2023 Continued on next page
- Gerald R. Ford School of Public Policy Section Two - General Fund Budget (continued)
- Horace H. Rackham School of Graduate Studies
- School of Social Work
- University Library
- University Academic Units
- Research Units
- Office of the President
- Equity, Civil Rights, and Title IX Office...........................................................................................................
- Audit Services
- Division of Public Safety & Security
- Academic Support Units Provost and Executive Vice President for Academic Affairs:
- Academic Program Support
- Capital Renewal Fund
- Student Financial Aid
- Vice President for Communications
- Vice President & General Counsel
- Vice President for Government Relations
- Vice President for Information Technology and Chief Information Officer
- Vice President for Research - Support Units
- Vice President & Secretary of the University
- Vice President for Student Life
- Executive Vice President & Chief Financial Officer
- Utilities
- North Campus Research Complex
- Centrally Funded Staff Benefits
- General University Support
- Departmental Activities
- FY 2022-2023
Schedule AAnn Arbor CampusSummary of Budgeted Revenues and Expenditures by Fund
2022-2023Auxiliary
Expendable
2021-
General
Designated
Activities
Restricted
Total
Total
$ Change
Revenues:
State Appropriations
332,619,
$^
$
$
$
332,619,
$
322,931,
$
9,688,
$
Student Tuition & Fees
1,948,370,
-^ -^
1,948,370,
1,797,801,
150,568,
Government Sponsored Programs:
Federal
-^ -^
1,148,000,
1,148,000,
1,209,000,
(61,000,000)
Non-Federal
-^ -^
8,700,
8,700,
8,900,
(200,000)
Non-Government Sponsored Programs
-^ -^
263,000,
263,000,
252,700,
10,300,
Indirect Cost Recovery
301,251,
31,200,
-^
332,451,
311,020,
21,431,
Indirect Cost Recovery Alloc to Gen Oper
-^ -^
(332,451,000)
(332,451,000)
(311,020,000)
(21,431,000)
Private Gifts
-^
2,500,
8,363,
157,300,
168,163,
145,490,
22,672,
Income from Investments:
Endowment Income
-^
58,700,
100,353,
304,700,
463,753,
434,113,
29,639,
Other Investment Income
-^
35,320,
11,775,
47,095,
27,014,
20,081,
Auxiliary Activities:
Michigan Medicine
-^ -^
6,052,019,
-^
6,052,019,
5,672,187,
379,831,
Other Auxiliary Units
-^ -^
422,551,
-^
422,551,
367,379,
55,172,
Departmental Activities
8,245,
126,100,
1,000,
135,345,
133,495,
1,850,
Total Revenues
2,590,485, $^
253,820, $^
6,583,287, $^
1,562,024, $^
10,989,616,828$
10,371,013,967$
618,602,
$
Total Expenditures
2,590,485, $^
253,820, $^
6,506,401, $^
1,547,024, $^
10,897,730,637$
10,349,682,975$
548,047,
$
Forecast Margin
-
$
-
$
76,886,
$
15,000,
$
91,886,
$
21,330,
$
Total Michigan Medicine revenue as shown on Schedule D:
Michigan Medicine Auxiliary Activities
6,052,019,
$^
5,672,187,
$
Endowment Income
100,353,
102,713,
Private Gifts
8,363,
440,
Total Michigan Medicine Revenue
6,160,736,
$^
5,775,342,
$
FY
2022-
16
Schedule BGeneral Fund - Ann Arbor CampusSummary of Budgeted Revenues and Expenditures
% of
% of
2022-
Total
2021-
Total
$ Change
Revenues:
State Appropriations
332,619,
$
12.8%
322,931, $
13.4%
9,688,
$
Student Tuition & Fees
1,948,370,
75.2%
1,797,801,
74.7%
150,568,
Government Sponsored Programs:
Federal
-^ -^
Indirect Cost Recovery
301,251,
11.6%
280,095,
11.6%
21,156,
Income from Investments - Other
-^ -^
Departmental Activities
8,245,
0.3%
8,245,
0.3%
Total Revenues
2,590,485, $
100.0%
2,409,073, $
100.0%
181,412,
$
Total Expenditures
2,590,485, $
2,409,073, $
181,412, $
Forecast Margin
-
$
$
FY
2022-
17
Schedule DAuxiliary Activities - Ann Arbor CampusSummary of Budgeted Revenues and Expenditures
2022-
2021-
Revenues
Expenditures
Forecast Margin
Revenues
Expenditures
Forecast Margin
Michigan Medicine:
Clinical Enterprise
5,390,361, $
5,275,645, $^
114,715, $
5,074,245, $^
5,005,373, $^
68,872,
$
UM Health
553,701,
541,313,
12,388,
514,269,
498,916,
15,353,
Michigan Health Corporation
22,408,
25,690,
(3,281,174)
21,958,
25,610,
(3,651,373)
Medical School - Clinical Activity
968,516,
1,020,747,
(52,231,420)
863,321,
910,954,
(47,632,998)
Executive Vice President for Medical Affairs
424,235,
417,109,
7,125,
397,518,
408,276,
(10,758,100)
Subtotal
7,359,222,896$
7,280,506, $
78,716,
$^
6,871,312, $^
6,849,129,972$
22,182,
$
Less Rebilling Credits
(1,198,486,868)
(1,198,486,868)
-^
(1,095,970,398)
(1,095,970,398)
Total - Michigan Medicine
6,160,736,028$
6,082,019, $
78,716,
$^
5,775,342, $^
5,753,159,574$
22,182,
$
Other Auxiliary Units:
Plant Operations
23,727,
$
24,501,
$^
(774,079)
$
24,424,
$^
22,043,
$^
2,381,
$
Utilities
178,453,
178,034,
419,
170,622,
168,495,
2,127,
Information & Technology Services
66,798,
67,429,
(631,340)
64,123,
65,155,
(1,031,592)
University Housing
159,811,
159,811,
-^
138,619,
138,619,
Strategic Procurement
4,806,
4,655,
151,
5,569,
5,322,
247,
Intercollegiate Athletics
186,007,
186,007,
-^
165,160,
164,260,
900,
Risk Management and Veritas Insurance Co
92,356,
92,356,
-^
90,274,
90,274,
Staff Benefits Recharge
92,454,
96,954,
(4,500,298)
85,859,
89,591,
(3,732,925)
Health Service
27,061,
27,061,
-^
25,035,
25,035,
Parking Operations
29,057,
28,935,
122,
27,086,
26,982,
104,
Other Publications & Communications
11,811,
11,896,
(85,202)
10,338,
10,819,
(481,014)
League, Union, and Commons
24,163,
24,163,
0
15,830,
15,830,
Transportation Services
15,542,
14,526,
1,016,
15,451,
14,382,
1,068,
Dental Faculty Associates and Other Dental
6,849,
6,539,
310,
6,971,
6,405,
565,
Student Publications
1,586,
1,566,
20,
1,349,
1,461,
(111,628)
Architecture, Engineering, & Construction
44,618,
44,538,
80,
41,105,
42,413,
(1,307,877)
Other Internal Services
57,003,
54,961,
2,041,
53,525,
70,106,
(16,581,083)
Subtotal - Other Auxiliary Units
1,022,109, $
1,023,939, $
(1,829,998)
$
941,347,
$^
957,199, $
(15,851,951) $
Less Rebilling Credits
(591,977,880)
(591,977,880)
-^
(559,583,459)
(559,583,459)
Less Allocated Student Fees in Gen Fund
(22,304,542)
(22,304,542)
-^
(20,834,484)
(20,834,484)
Plus Investment Income
14,725,
14,725,
-^
6,450,
6,450,
Total - Other Auxiliary Units
422,551, $^
424,381, $
(1,829,998)
$
367,379, $^
383,231, $^
(15,851,951) $
Grand Total - Auxiliary Activities
6,583,287, $
6,506,401, $^
76,886,
$
6,142,721, $^
6,136,390, $^
6,330,
$
FY
2022-
19
Schedule D-1Auxiliary Activities - Ann Arbor CampusAuxiliary Activities Margin Reconciliation to Unit Operating Budgets
2022-
2022-
2022-
Schedule D
Investment
Unit Budget
Regents Item
Forecast Margin
Income/Expenses
Equity Transfers
Margin
Margin
Michigan Medicine:
Clinical Enterprise
114,715, $
(20,499,123)
$
127,095,
$
221,311,
$
221,311, $
UM Health
12,388,
9,873,
22,261,
$
22,261,
Michigan Health Corporation
(3,281,174)
588,
5,455,
2,762,
$
Medical School - Clinical Activity
(52,231,420)
(25,535,929)
(135,140,378)
(212,907,728)
$
Vice President for Communications
7,125,
(1,741,672)
(1,325,000)
4,058,
$
Total - Michigan Medicine
78,716,
$
(37,314,864)
$
(3,914,809)
$
37,486,
$
243,572, $
Other Auxiliary Units:
Plant Operations
(774,079)
$
(774,079)
$
Utilities
419,
419,
Information & Technology Services
(631,340)
(631,340)
University Library
-^ -
Strategic Procurement
151,
151,
Intercollegiate Athletics
-^ -
Risk Management and Veritas Insurance Co
-^ -
Staff Benefits Recharge
(4,500,298)
(4,500,298)
Health Service
-^ -
Parking Operations
122,
122,
Other Publications and Communications
(85,202)
(85,202)
League, Union, and Commons
0
0
Audit Services
1,016,
1,016,
Dental Faculty Associates and Other Dental
310,
310,
Student Publications
20,
20,
Architecture, Engineering, & Construction
80,
80,
Other Internal Services
2,041,
2,041,
Subtotal - Other Auxiliary Units
(1,829,998)
$
-
$
-
$
(1,829,998)
$
TOTAL
76,886,
$
(37,314,864)
$
(3,914,809)
$
35,656,
$
Add back / (Subtract) Reconciling Items
to Units' Approved Budget
FY
2022-
20