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State Reporting—
Financial and Operational Indicators

Data reported in FY2024


2022-2023 Operating Budget (PDF)

Chart of Current Fund Personnel Expenditures

The faculty, staff and students are MSU’s No. 1 asset. Whether through job-creating innovations or world-class education, MSU’s impact starts and ends with its people. As a result, personnel and related costs account for more than 70% of MSU’s operations. The chart illustrates the distribution of personnel expenses across the institution. 

Chart of Current Fund by Subcategories

As one of the nation’s leading comprehensive research universities, MSU has annual operations that span numerous functional boundaries. The chart illustrates MSU’s various operational functions, their respective expenditures and the proportion of total expenses for each.

Collective Bargaining Agreements

MSU works with its collective bargaining groups to assure that the appropriate balance of salary and benefits is provided to each group. This approach allows MSU to recognize the important contributions of each employee to the university, while remaining competitive in local, regional and national markets. A link to the current bargaining contract for each group is provided.

Health Care Benefit Plans

As a component of an integrated approach to compensation, MSU offers health care benefits to most employees. Over the past few years, MSU has reduced health care costs by $28 million and eliminated postretirement health care benefits for new employees, significantly reducing the long-term liability related to the program. A link to current benefits plans offered by the institution is provided.

Audits and Financial Reports

As part of MSU’s commitment to report annually on its fiscal affairs, audited financial statements as adopted by the Board of Trustees are available for the most recent 10 years.

Campus Security Policies and Crime Statistics (PDF)

MSU is dedicated to maintaining an environment where members of the campus community can excel unencumbered by fears for their personal well-being. The Annual Security and Fire Safety Report reviews the university’s security and safety resources, policies and procedures. The report also includes information about criminal offenses and fire statistics. The university’s intent in publishing the report is to provide insight into the many ways in which MSU strives to keep the campus and community safe.

General Fund Revenue and Expenditure Projections

Planned Long-Term Debt Services

Debt Outstanding by Project

Reverse Transfer Agreements

Michigan State University has Reverse Transfer Agreements with several community colleges in Michigan. Reverse transfer is the process by which transfer students enrolled at a four-year institution transfer credits back to a community college for the purpose of attaining a degree, diploma or certification from the community college.

Dual Enrollment by High School Students

High school students who dually enroll for courses at accredited institutions of higher education may receive credit for work taken at these institutions for courses that have been recognized for transfer to Michigan State University in accordance with the university's transfer credit policy.

Participation in the Michigan Transfer Network

MSU is in the list of currently participating institutions in Michigan. Participating institutions are those that have indicated what credit is accepted at their institution.