FBQOPL13 Exhibit C1 10/03/2003

MICHIGAN TECHNOLOGICAL UNIVERSITY GENERAL FUND ACTUAL TO BUDGET COMPARISON AS OF 06/30/2003 By Function - Fiscal Year 03

	Actual	Adjusted Budget	Actual as % of Adjusted Budget
Student Tuition and Fees	47,966,469	50,479,346	95.0%
Federal Grants and Contracts	158,233	114,000	138.8%
Nongovernmental Grants and Contracts	0	0	0.0%
Indirect Cost Recoveries	4,904,101	5,355,645	91.5%
Educational Activities	522,033	720,731	72.4%
Sales and Services of Dept Activities	9,276	10,271	90.3%
OPERATING REVENUES	53,560,113	56,679,994	94.5%
Instruction	49,266,235	51,394,671	95.8%
Research	210,797	202,011	104.3%
Public Service	746,678	739,988	100.9%
Academic Support	10,945,471	11,311,086	96.7%
Student Services	5,008,596	5,549,346	90.2%
Institutional Support	11,610,523	13,504,968	85.9%
Operation & Maintenance of Plant	7,898,510	9,330,584	84.6%
Student Financial Support	10,713,095	9,944,483	107.7%
OPERATING EXPENSES	96,399,908	101,977,141	94.5%
Mandatory Transfers In	0	0	0.0%
Mandatory Transfers Out	3,280,991	3,173,474	103.3%
Non Mandatory Transfers In	-3,726,370	-2,372,434	157.0%
Non Mandatory Transfers Out	12,834,876	12,450,292	103.0%
TRANSFERS	12,389,497	13,251,332	93.5%
.
OPERATING INCOME (LOSS)	-55,229,292	-58,548,479
State appropriations, Operating	53,133,171	53,158,626	99.9%
Gift Income	407,850	534,699	76.2%
Investment Income (loss)	-118,317	-279,843	42.2%
Interest Expense	-13,965	0	0.0%
NONOPERATING REVENUES (EXPENSE	53,408,739	53,413,482	99.9%
NET INCREASE (DECREASE) IN NET ASSETS	-1,820,553	-5,134,997