University Audited Financial Reports
This section of Northern Michigan University’s (the “University”) annual financial report presents our discussion and analysis of the financial performance of the University during the fiscal years ended June 30, 2024, 2023, and 2022. This discussion, which includes The Northern Michigan University Foundation, whenever appropriate, has been prepared by management along with the financial statements and related footnote disclosures and should be read in conjunction with and is qualified in its entirety by the financial statements and footnotes. The financial statements, footnotes, and this discussion are the responsibility of management.