Midwestern State University FY 2027 Summary Operating Budget Table of Contents Page Item Number Fund Definitions 1 Sources of Funds Chart 2 Educational and General Funds Income Budget 5 Expense Budget 6 Non Formula Support Budget 7 Capital Financing Plan (HEF Budget) 8 Distribution by Method of Finance 9 Designated Funds Income Budget 11 Expense Budget 12 Auxiliary Funds Income and Expense Budget Income Budget 15 Expense Budget 16 Current Restricted Funds Income and Expense Budget 20 Summary Operating Budget 21 Budget Comparison 22  Midwestern State University Summary Operating Budget Fund Definitions Education and General Funds: Funds comprised of tax (General Revenue) funds in the state treasury and funds generated locally (Other E & G) by the University from students and other sources. Appropriated General Revenue and Higher Education Funds from the state treasury for administration, institutional expense, instruction and departmental research, physical plant operation, and other items related to instruction. Other Educational & General Funds Funds generated locally by the University and reappropriated by the state (e.g., state tuition, lab fees, interest earnings, etc.) to be used for administration, institutional expense, instruction and departmental research, physical plant operation, and other items related to instruction. Designated Funds: Funds that are internally allocated for specific purposes (e.g. student fees, designated tuition, indirect costs, etc.). Auxiliary Funds: Funds used to provide services for students, faculty, and staff which generally charge a fee directly related to the cost of the service provided (e.g. Residence Life, Dining and Food Services, University Police, etc.) No appropriated funds can be used to support auxiliary operations. Current Restricted Funds: Funds available for current purposes, the use of which is restricted by the donor/grantor to be utilized as stipulated by the funding source (e.g. research grants, scholarships, earnings from endowments, etc.). Page 1  Midwestern State University FY 2027 Summary Operating Budget Sources of Funds Total Education and General, 37.59% Restricted 17.83% General Revenue 25.84% Designated 32.86% HEF 5.39% Auxiliary 11.72% Other E&G State Tuition and 0.68% Activities 5.68% Page 2 THIS PAGE INTENTIONALLY BLANK. Page 3  Midwestern State University Educational and General Funds Page 4  Midwestern State University Educational and General Funds Income Budget Item FY 2026 FY 2027 State Appropriations General Revenue $ 27,243,593 $ 27,340,616 Staff Benefits State Paid 7,710,899 7,494,596 Higher Education Funds 7,261,812 7,261,812 State Appropriations $ 42,216,304 $ 42,097,024 State Tuition and Activities Gross Tuition $ 5,813,955 $ 5,932,502 Graduate Tuition 632,720 601,200 Doctoral Tuition 14,500 22,450 Organized Activities 43,350 39,200 State Tuition and Activities $ 6,504,525 $ 6,595,352 Other Educational and General Income Lease Revenue $ - $ - Interest Earnings 200,000 325,000 Oil Royalty Fund 412 8,000 8,000 Hazlewood Reimbursement 658,378 589,345 Other Educational and General Income $ 866,378 $ 922,345 Total Education and General Revenues $ 49,587,207 $ 49,614,721 Utilization of Funds Balance $ 858,788 $ 892,175 Total Educational and General Revenue $ 50,445,995 $ 50,506,896 Net Transfers $ 123,067 $ 172,383 Total Education and General Funds $ 50,569,062 $ 50,679,279 Percent Change 0.22% Page 5  Midwestern State University Educational and General Funds Expense Budget Item FY 2026 FY 2027 Institutional Support $ 249,702 $ 264,619 Faculty Salaries 14,909,849 15,607,529 Departmental Operating Expense 5,994,042 6,288,328 Instructional Administration 1,017,003 1,025,306 General Administration 2,636,316 2,391,037 Library 797,711 144,708 Student Services 381,578 142,577 Physical Plant 1,779,413 1,676,979 Staff Benefits 2,644,468 2,882,637 Small Business Development Center 103,193 102,930 STEM Center for Excellence 467,220 493,121 Student Success and Military Education Center 1,869,373 1,929,340 Research 108,576 110,955 Purchased Utilities 1,967,581 1,969,051 Debt Service 8,757,980 8,762,313 HEF 6,885,057 6,887,849 Total $ 50,569,062 $ 50,679,279 Percent Change 0.22% Page 6  Midwestern State University Educational and General Funds Non Formula Support Budget Item FY 2026 FY 2027 Small Business Development Center $ 103,193 $ 102,930 Institutional Enhancement 1,734,953 1,734,953 STEM Expansion Center for Excellence 1,468,644 1,535,940 Student Success and Military Education Center 1,869,373 1,929,340 Total $ 5,176,163 $ 5,303,163 Percent Change 2.5% Page 7  Midwestern State University Higher Education Funds Capital Financing Plan Item FY 2026 FY 2027 Budget Budget Revenue $ 7,261,812 $ 7,261,812 Vehicle Leases Police Vehicle Leases 44,085 49,860 Total Vehicle Leases $ 44,085 $ 49,860 Projects Provost Assigned College Special Equipment and Projects 450,000 450,000 Library Books and Materials 580,000 580,000 Total Projects $ 1,030,000 $ 1,030,000 Construction and Renovations Deferred Maintenance 1,000,000 1,000,000 Various Facility Modernization and Renewal Renovations 75,000 75,000 Chiller 300,000 0 Total Construction and Renovations $ 1,375,000 $ 1,075,000 Debt Service Debt Service and Master Lease 376,755 373,963 Total Debt Service $ 376,755 $ 373,963 Equipment Information Technology - Infrastructure/Network/Software 3,144,131 3,337,189 Lifelong Replacement Cycle - University Computers 180,000 180,000 Annual Classroom/Computer Lab Updates 350,000 350,000 Police Department Equipment 20,000 20,000 Total Information Technology $ 3,694,131 $ 3,887,189 Emergency Reserves/Strategic Initiatives 741,841 845,800 Total Projects $ 7,261,812 $ 7,261,812 Page 8  Midwestern State University Education and General Funds Distribution by Method of Finance Item General Revenue Other E&G Income FY 2027 Institutional Support $ 264,619 $ 264,619 Faculty Salaries 1,042,819 $ 14,564,710 15,607,529 Departmental Operating Expense 6,288,328 6,288,328 Instructional Administration 1,025,306 1,025,306 General Administration 2,391,037 2,391,037 Library 144,708 144,708 Student Services 142,577 142,577 Physical Plant 979,702 697,277 1,676,979 Purchased Utilities 1,969,051 1,969,051 Staff Benefits 2,882,637 2,882,637 Non Formula Small Business Development 102,930 102,930 STEM - Not including faculty above 157,177 335,944 493,121 Student Success and Military Education Center 1,500,000 429,340 1,929,340 Institutional Enhancement - Salaries Spread Above - Research 110,955 110,955 Debt Service 8,762,313 8,762,313 HEF 6,887,849 6,887,849 Total $ 28,632,437 $ 22,046,842 $ 50,679,279 This Schedule Complies with Article III, Section 6 of the General Appropriations Act. Page 9 Midwestern State University Designated Funds Page 10  Midwestern State University Designated Funds Income Budget Item FY 2026 FY 2027 Tuition & Fees Designated Tuition $ 15,347,241 $ 15,617,672 Designated Tuition - Need Based Financial Aid 1,548,924 1,579,423 Distance Learning Tuition 186,820 157,924 Other General Fees: Instructional Enhancement 2,568,482 2,629,785 Athletic Fee 2,013,590 2,480,953 University Services Fee 10,304,700 10,333,530 Student Services Fee 2,461,979 2,474,793 Security Fee 631,222 741,311 Student Union Fee 426,820 448,091 Recreational Center Fee 907,664 967,122 Distance Learning Fee 2,512,843 2,595,537 Other Student Fees 970,607 1,002,717 TUITION AND FEES $ 39,880,892 $ 41,028,858 Other Sources: Interest Income $ 1,600,000 $ 1,818,473 Other Miscellaneous Income 1,441,393 1,457,329 Other Sources $ 3,041,393 $ 3,275,802 Total Current Designated Revenue $ 42,922,285 $ 44,304,660 Utilization of Fund Balance $ 170,971 $ 221,737 Total Designated Revenue and Fund Balance $ 43,093,256 $ 44,526,397 Net Transfers Sub-Total $ (272,948) $ (237,453) Total Designated Revenue and Net Transfers $ 42,820,308 $ 44,288,944 Percent Change 3.43% Page 11  Midwestern State University Designated Funds Expense Budget Item FY 2026 FY 2027 Instruction and Academic Support Instructional Enhancement $ 2,523,793 $ 2,582,229 Tutoring and Academic Support Program 150,515 105,973 Library 246,638 895,227 Distance Education 394,364 356,205 Information Technology 596,242 735,190 Global Education Office 718,919 662,342 Other Instruction and Academic Support 2,436,864 2,539,418 Instruction and Academic Support $ 7,067,335 $ 7,876,584 Institutional Tuition and Fee Support Departmental Operating Expenses $ 989,282 $ 809,009 Distance Learning Instruction 647,441 647,441 Summer School 869,250 869,250 Flower Mound Learning Center 858,788 892,175 Athletics 3,629,680 4,166,656 Faculty Salaries 3,071,221 2,806,143 Scholarships 5,336,221 5,412,898 Facilities Services 2,072,744 2,246,957 Wellness Center 461,168 473,550 Need-Based Financial Aid 1,583,924 1,614,423 Retirement of Debt Service 1,551,620 1,280,966 Instructional Administration 1,816,432 2,506,115 Faculty Research Travel 37,300 37,300 Other Institutional Tuition and Fee Support 6,754,946 $6,323,036 Institutional Tuition and Fee Support $ 29,680,017 $ 30,085,919 Student Service Support Student Services $ 5,277,401 $ 5,511,169 TPEG 795,555 815,272 Student Service Support $ 6,072,956 $ 6,326,441 Total $ 42,820,308 $ 44,288,944 Percent Change 3.43% Page 12 THIS PAGE INTENTIONALLY BLANK. Page 13 Midwestern State University Auxiliary Funds Page 14  Midwestern State University Auxiliary Funds Income Budget Item FY 2026 FY 2027 Bookstore $ 117,743 $ 118,390 Residence Life 9,950,098 10,630,867 Food Service 3,995,964 4,267,150 Sub-Total $ 14,063,805 $ 15,016,407 Other: Sales and Service $ 275,296 $ 279,250 Sub-Total $ 14,339,101 $ 15,295,657 Utilization of Fund Balance $ - $ - Total Auxiliary Revenue and Fund Balance $ 14,339,101 $ 15,295,657 Net Transfers Sub-Total - Designated $ 586,582 $ 501,925 Total Auxiliary Funds $ 14,925,683 $ 15,797,582 Percent Change 5.84% Page 15  Midwestern State University Auxiliary Funds Expense Budget Item FY 2026 FY 2027 Clark Student Center $ 632,028 $ 642,041 Bridwell Activity Center 127,500 123,700 University Police Department 861,026 908,745 Residence Life 9,702,980 10,275,909 Food Service 3,418,606 3,659,690 Other 183,543 187,497 Total Auxiliary Expense $ 14,925,683 $ 15,797,582 Percent Change 5.84% Page 16 THIS PAGE INTENTIONALLY BLANK. Page 17 Midwestern State University Current Restricted Funds Page 18 THIS PAGE INTENTIONALLY BLANK. Page19  Midwestern State University Current Restricted Funds Income and Expense Budget Item FY 2026 FY 2027 Sources of Funds Federal Programs $ 12,016,281 $ 11,847,644 State Programs 5,205,638 5,273,302 Private 6,490,140 6,604,659 Investment Income 700,710 622,022 All Others 0 7,621 Utilization of Fund Balance $47,458 $113,045 Total Funds from All Sources $ 24,460,227 $ 24,468,293 Net Transfers $ (436,701) $ (436,855) Total Current Restricted Revenue and Net Transfers $ 24,023,526 $ 24,031,438 Distribution by College or Area: Dillard College of Business Administration $ 695,044 $ 806,402 McCoy College of Science, Mathematics, and Engineering 39,337 39,088 Fain College of Fine Arts 128,458 95,296 Gunn College of Health Science and Human Services 504,880 432,958 West College of Education 52,361 68,358 Dr. Billie Doris McAda Graduate School 87,451 88,041 Professorships 283,209 282,274 Administrative and Other 1,768,618 1,727,937 Scholarships/Pell/etc. 20,334,168 20,361,084 Debt Service 130,000 130,000 Total Distribution to All Colleges and Areas $ 24,023,526 $ 24,031,438 Percent Change 0.03% Page 20  Midwestern State University Summary Operating Budget FISCAL YEAR 2027 Sources of Funds Fund Estimated Other Estimated Income Sources Expense Educational & General $ 49,614,721 $ 1,064,558 $ 50,679,279 Auxiliary 15,295,657 501,925 15,797,582 Current Restricted 23,918,393 $113,045 24,031,438 Designated 44,304,660 (15,716) 44,288,944 Total $ 133,133,431 $ 1,663,812 $ 134,797,243 Page 21  Midwestern State University Summary Operating Budget Fiscal Year 2027 FY 2026 Estimated FY 2027 Estimated Annual Change Annual Change ($) Expenditures Expenditures (%) Fund Educational & General $ 50,569,062 $ 50,679,279 $ 110,217 0.22% Designated 42,820,308 44,288,944 1,468,636 3.43% Auxiliary 14,925,683 15,797,582 871,899 5.84% Current Restricted 24,023,526 24,031,438 7,912 0.03% Total $ 132,338,579 $ 134,797,243 $ 2,458,664 1.86% Page 22