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16NorthernMichiganUniversityAnnualReportManagementsdiscussionandanalysiscontinuedCondensedFinancialInformationCurrentassetstotaled31.4millionatJune302013and47.9millionatJune302012.Theratioofcurrentassetstocurrentliabilitieswas1.2fortheyearendedJune302013and1.4fortheyearendedJune302012whenexcludingbondfundsof0.7millionand10.7millionrespectively.Cashandcashequivalentsof11.7milliondecreasedby6.7millionfromtheprioryeartotalof18.4millionastheresultoftheNorthernMichiganUni-versityloweringthetargetedamountofcashonhandforoperationalneeds.Stateappropriationsreceivabletotaled7.4millionatJune302013and7.0millionatJune302012.Long-termdebtincludingnotesandbondspayableisthelargestli-abilitytotaling102.3millionatJune302013and106.3millionatJune302012.BondsandNotesPayableatJune302013included17.2millionof2012GeneralRevenueFixedRateBonds86.2millionof2008Gen-eralRevenueFixedRateBondsandremainingunamortizeddeferredcostsandpremiumsof1.1million.618365399265268251611156238258579045560487964242408956010000200003000040000500006000070000TuitionandFeesGrantsandContractsAuxiliaryEnterprisesOtherRevenuesOperatingRevenuesinthousands2013Total1020122012Total1022552011Total97208672258315133591181425923244656684085251292711371273362404067928945313042116342716522870010000200003000040000500006000070000InstructionResearchStudentAidandStudentServicesPublicServiceAcademicSupportInstitutionalSupportOperationsandMaintenanceandDepreciationAuxiliaryEnterprisesOperatingExpensesbyFunctioninthousands2013Total1511012012Total1510392011Total152092