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        <Desc>DEFERRED INFLOW/OUTFLOW - PENSIONS</Desc>
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        <Desc>NOTES PAYABLE</Desc>
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        <Desc>LEASES PAYABLE</Desc>
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      <RevenueSubtotalAmt>23994385</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>23994385</TotalRevenuePerForm990Amt>
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      <ExpensesSubtotalAmt>23918611</ExpensesSubtotalAmt>
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      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
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      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>true</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S RACIAL NONDISCRIMINATION POLICY IS CONTAINED ON ITS WEBSITE WHICH IS REFERENCED IN ALL MATERIALS RELATED TO SOLICIATION FOR ENROLLMENT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>ACADEMY FOR CLASSICAL EDUCATION IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>ACADEMY FOR CLASSICAL EDUCATION IS A PUBLIC CHARTER SCHOOL WHICH RECEIVED FUNDS FROM A GOVERNMENTAL AGENCY.</ExplanationTxt>
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          <BusinessNameLine1Txt>MACON BIBB COUNTY URBAN DEV</BusinessNameLine1Txt>
        </IssuerName>
        <CUSIPNum>555542ND7</CUSIPNum>
        <BondIssuedDt>2017-05-10</BondIssuedDt>
        <IssuePriceAmt>34445000</IssuePriceAmt>
        <PurposeDesc>FACILITIES CONSTRUCTION</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
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        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
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        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
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        <RebateNotDueYetInd>false</RebateNotDueYetInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>MACON BIBB COUNTY URBAN DEV FACILITIES CONSTRUCTION</ExplanationTxt>
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    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING BODY REVIEWS FORM 990 EACH FISCAL YEAR UPON COMPLETION AS AN AGENDA ITEM.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING BOARD MEMBERS ARE REQUIRED, ANNUALLY, TO PROVIDE A WRITTEN DISCLOSURE OF ANY CONFLICTS AND TO AFFIRM THEIR UNDERSTANDING OF THE POLICY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>SALARIES ARE DETERMINED USING BOTH MARKET DATA AND COMPARATIVE DATA FROM OTHER PUBLIC CHARTER SCHOOLS IN GEORGIA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>SALARIES ARE DETERMINED USING BOTH MARKET DATA AND COMPARATIVE DATA FROM OTHER PUBLIC CHARTER SCHOOLS IN GEORGIA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AS IS STATED ON THE SCHOOL'S WEBSITE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
