FBQOPL14 Exhibit C2 10/03/2003

MICHIGAN TECHNOLOGICAL UNIVERSITY GENERAL FUND ACTUAL TO BUDGET COMPARISON AS OF 06/30/2003 By Object Code - Fiscal Year03

	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%
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%
.
Carryforward Budgets	0	1,693,165	0.0%
Salaries & Wages - Non-Faculty	19,977,271	21,423,599	93.2%
Salaries & Wages - Faculty	26,034,080	25,177,889	103.4%
Salaries & Wages - Graduate Students	2,605,245	2,404,435	108.3%
Salaries & Wages - Undergrad Students	1,133,280	1,276,812	88.7%
Fringe Benefits	21,061,620	20,823,936	101.1%
Capital Expenditures	1,147,218	1,776,386	64.5%
Supplies and Services	12,363,213	14,993,607	82.4%
Scholarships and Fellowships	9,577,225	8,685,522	110.2%
Utilities	2,500,753	3,721,786	67.1%
OPERATING EXPENSES	96,399,908	101,977,141	94.5%
.
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%
INCREASE (DECREASE) IN NET ASSETS	-1,820,553	-5,134,997