By Ann Arbor Times |
Jun 20, 2024
The Eastern Michigan University Board of Regents approved a 2024-25 General Fund operating budget of $317 million on June 20. The budget's revenues include $220 million in tuition and fees, $86.4 million in state appropriations, $4.7 million from investment income, and $5.1 million from other revenue sources. Expenditures encompass $155.9 million in personnel costs, $63.1 million for University-sponsored financial aid, a net transfer budget of $53.9 million, and $44.1 million for services, supplies, materials, and other expenses.