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14NorthernMichiganUniversityAnnualReport14NorthernMichiganUniversityAnnualReportFinancialProfleManagementsdiscussionandanalysis2012-2013FinancialHighlightsNetpositionortheyearendedJune302013o231.7millionincreasedby4.7millionromtheprioryearo227.0millionasrestatedandincludedrecog-nitiono40.8millioninStateappropriationrevenueOperatingrevenuesortheyearendedJune302013o102.0milliondecreasedby0.2millionromtheprioryear.Studenttuitionandeestotaling61.8millionisthelargestcom-ponentooperatingrevenueandincreasedby0.7millionovertheprioryear.Allotheroperatingrevenueso40.2millionnettedtoa1.0milliondecrease.Non-operatingrevenuestotaling58.9millionincreasedby2.7millionromtheprioryear.Thelargestcomponentsothisincreasewerea2.5millionincreaseinStateappropriationsa0.8millionincreaseininvestmentincomeanda0.6milliondecreaseinallothernonoperatingrevenues.OperatingrevenuesortheyearendedJune302012o102.3millionincreasedby5.0millionromtheprioryear.Studenttuitionandeestotaling61.1millionisthelargestcom-ponentooperatingrevenueandincreasedby5.1millionovertheprioryear.Residentiallietotal-ing19.3millionincreasedby1.7millionandallotheroperatingrevenueso21.9millionde-creasedby1.8million.Nonop-eratingrevenuestotaling56.2milliondecreasedby10.7millionromtheprioryear.Thelargestcomponentsothisdecreasewerean8.1milliondecreaseinStateappropriationsandStatefscalstabilizationundsanda1.9milliondecreaseininvest-mentincome.Operatingandnonoperat-ingexpenseso155.5millionortheyearendedJune302013decreasedby0.7millionromtheprioryeartotalo156.2millionasrestated.Operatingexpensesincreasedby0.1mil-lionandnonoperatingexpensesdecreasedby0.8millionastheresultoonetimebondissuancecostsintheprioryearo0.4millionandinterestoncapitaldebtdecreasingby0.4million.Aullyearointerestpaymentstotaling0.8millionorthe2012bondissuebeganinthecurrentyearwith0.5millionbeingcapi-talizedaspartoconstruction.Onaunctionalbasisinstruc-tionalexpensesincreased0.8millionoperationsandmainte-nanceoplantdecreased1.5millioninstitutionalsupportin-creased0.4millionstudentaiddecreased0.7millionacademicTotalGeneralFundResourcesHistorySourceActualGeneralFundRevenues.StateoMichiganHEIDIDatabase38.359.32.4201339.058.82.1200330.068.91.1199329.765.05.31983StateappropriationTuitionandeesOtherrevenue