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        <BookValueAmt>6690415</BookValueAmt>
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      <TotalBookValueLandBuildingsAmt>8347765</TotalBookValueLandBuildingsAmt>
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        <Desc>NET PENSION LIABILITY</Desc>
        <Amt>5531580</Amt>
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      <OtherLiabilitiesOrgGrp>
        <Desc>NET OPEB LIABILITY</Desc>
        <Amt>105520</Amt>
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      <TotalRevenuePerForm990Amt>10528812</TotalRevenuePerForm990Amt>
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      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
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      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
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      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
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        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>HORIZON EDUCATION SERVICES OF COLUMBUS, INC. IS A CHARTER SCHOOL FUNDED BY THE STATE OF OHIO. THE NONDISCRIMINATORY POLICY IS A PART OF THE SCHOOL'S CHARTER. IT IS PUBLICIZED IN SCHOOL BROCHURES, FLYERS, ENROLLMENT FORMS, STUDENT AND EMPLOYEE HANDBOOKS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>RECEIVES STATE AND FEDERAL GRANTS TO SUPPORT INSTRUCTION TO STUDENTS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL IS IN CONTRACT WITH CONCEPT SCHOOLS, INC. AN ILLINOIS BASED NON-PROFIT ORGANIZATION TO PROVIDE INSTRUCTIONL, ADMINISTRATIVE AND FINANCIAL MANAGEMENT. THE SCHOOL'S SUPERINTENDENT AND TREASURER ARE APPOINTED AND COMPENSATED BY CONCEPT SCHOOLS, INC. CONCEPT SCHOOLS ALSO PROVIDE A WIDE RANGE OF SERVICES SUCH AS: BUDGETING AND FINANCIAL OVERSIGHT, SCHOOL MANAGEMENT DATABASE, CURRICULUM ALIGNMENT, PROFESSIONAL DEVELOPMENT AND EVALUATION SERVICES FOR TEACHERS, ETC. IN RETURN FOR THOSE SERVICES THE SCHOOL TRANSFERS 10% OF ITS TOTAL REVENUES TO THE MANAGEMENT COMPANY. FINANCIAL REPORTS ARE PRESENTED TO THE SCHOOL BOARD FOR APPROVAL AT BI-MONTLY BOARD MEETINGS. ALL EMPLOYMENT AND MAJOR BUSINESS DECISIONS ARE ALSO SUBJECT TO THE SCHOOL BOARD'S APPROVAL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS PREPARED BY OUR CPA AND THE TREASURER REVIEWS IT. THE TREASURER PROVIDES A COPY TO BOARD MEMBERS FOR REVIEW AT THE BOARD MEETING PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS PART OF THE SCHOOL'S BY-LAWS. THE SCHOOL BOARD CONSISTENTLY REVIEWS AND DISCUSSES ANY ISSUES THAT MIGHT BE IN CONFLICT WITH THE POLICY IN THE BOARD MEETINGS. ALL OPERATIONS OF THE SCHOOL IS MONITORED BY THE SCHOOL'S SPONSOR AND ANNUALLY AUDITITED BY THE AUDITOR OF STATE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EMPLOYMENT DECISIONS AND COMPENSATION ARE DISCUSSED AND APPROVED BY THE BOARD AT THE BOARD MEETINGS. THIS IS DOCUMENTED IN THE BOARD MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL EMPLOYMENT DECISIONS AND COMPENSATION ARE DISCUSSED AND APPROVED BY THE BOARD AT THE BOARD MEETINGS. THIS IS DOCUMENTED IN THE BOARD MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE ANNUAL AUDIT IS PUBLISHED ON THE AUDITOR OF STATE'S WEB SITE AT HTTP:/WWW.OHIOAUDITOR.GOV.</ExplanationTxt>
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</Return>
