total budget.
The university's current (FY 2022–23) operating budget has four major sources of funding:
General Fund money, which accounts for 25.4% of the operating budget, is derived from various sources: student tuition and fees ($1.95 billion or 75.2%), state support ($333 million or 12.8%), sponsored research ($301 million or 11.6%), and other revenue ($8 million or 0.3%). It covers the costs of teaching, student services, facilities, and administrative support. The state's annual contribution to the school's operating budget was 3.03% in 2023 and does not cover intercollegiate athletics, housing, or Michigan Medicine.
Auxiliary Funds, which account for 58.2% of the operating budget, are sourced from self-supporting units and do not receive taxpayer or tuition support. These include Michigan Medicine ($6.16 billion), intercollegiate athletics ($186 million), student housing ($160 million), and student publications.
Expendable Restricted Funds, which account for 14.2% of the operating budget, are from providers …
