Atlanta Public Schools' revenue declined last year, but not as much as the school system cut spending, according to its Comprehensive Annual Financial Report for 2013.

The result is an increase of about $31 million in the school system’s net position, an indicator of financial improvement based on the difference between assets and liabilities.

The report said APS’ total revenue in the 2013 fiscal year amounted to $768.5 million, and its total expenses were $737.5 million.

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Wade Roberts (center), a Decatur parent with children in three of the city schools, addresses concerns  with the possibility of a K-2 school closing. (Daniel Varnado for the AJC)

Credit: Daniel Varnado/For the Atlanta Journal-Constitution

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Rose Scott signals as Closer Look goes on air in the WABE studio. An Atlanta resident left WABE a $3 million donation, a boost after WABE lost $1.9 million in annual funding from the Corporation of Public Broadcasting. (Ben Gray / AJC file)

Credit: Ben Gray