Additional Requirements

In compliance with Section 222 of the State School Aid Act, community colleges are required to submit their financial statements to CEPI on or before November 15 of each year.

• Financial statements must be submitted in the MPDI Annual Reporting Requirements (ARR) collection. More information can be found in the MPDI Data Manual. Colleges should no longer submit financial statements via email.
• Colleges must also publish the financial statement on their website.

CEPI will provide this information to members of the senate and house appropriations subcommittees on community colleges, the senate and house fiscal agencies, the auditor general, the department of labor and economic opportunity, the department of lifelong education, advancement and potential, and the state budget director.

Public universities are required by state law to collect and report to CEPI the number and percentage of all enrolled students who complete the Free Application for Federal Student Aid, broken out by undergraduate and graduate/professional classifications. The workbook is due by the first business day in November each year.

• FAFSA Workbook
• Email the completed workbook to cepi@michigan.gov (no paper copies) using the subject line: FAFSA Reporting for "School Name".
• Universities must also publish the information on their website under the budget transparency icon.

CEPI will provide this information to members of the senate and house fiscal agencies, and the state budget director. This requirement was previously under Section 245(7).