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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>2604228</BOYAmt>
        <EOYAmt>2803305</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>18080035</BOYAmt>
        <EOYAmt>17862858</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>199077</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>false</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleA documentId="RetDoc6">
      <SchoolInd>X</SchoolInd>
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    <IRS990ScheduleD documentId="RetDoc2">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>864819</OtherCostOrOtherBasisAmt>
        <BookValueAmt>864819</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>13042962</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>2628033</DepreciationAmt>
        <BookValueAmt>10414929</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>847946</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>715458</DepreciationAmt>
        <BookValueAmt>132488</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>11412236</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>ACCRUED INTEREST PAYABLE</Desc>
        <Amt>391650</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>CAPITAL LEASE PAYABLE</Desc>
        <Amt>5154</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>396804</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>8872979</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>8872979</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>8872979</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>8673902</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>8673902</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>8673902</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc3">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>false</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <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 4</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION THE ORGANIZATION RECEIVES REVENUE FROM THE STATE OF ARIZONA FOR STATE EQUALIZATION ASSISTANCE, CLASSROOM SITE FUNDS, INSTRUCTIONAL IMPROVEMENT FUNDS, AND FEDERAL ASSISTANCE FROM GRANTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>INDUSTRIAL DEVELOPMENT AUTHORITY</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>PIMA COUNTY</BusinessNameLine2Txt>
        </IssuerName>
        <BondIssuerEIN>475383250</BondIssuerEIN>
        <CUSIPNum>72177PBZ2</CUSIPNum>
        <BondIssuedDt>2018-01-01</BondIssuedDt>
        <IssuePriceAmt>15565000</IssuePriceAmt>
        <PurposeDesc>SCHOOL BUILDING</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceedsAmt>15565000</TotalProceedsAmt>
        <InReserveFundAmt>1028494</InReserveFundAmt>
        <CapitalizedInterestAmt>358000</CapitalizedInterestAmt>
        <IssuanceCostsFromProceedsAmt>898897</IssuanceCostsFromProceedsAmt>
        <CapitalExpendituresAmt>13279609</CapitalExpendituresAmt>
        <SubstantialCompletionYr>2018</SubstantialCompletionYr>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>false</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>false</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>false</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>false</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>false</ProceduresCorrectiveActionInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>INDUSTRIAL DEVELOPMENT AUTHORITY SCHOOL BUILDING</ExplanationTxt>
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    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GRANDE INNOVATION ACADEMYS MISSION IS TO PROVIDE OUR SCHOLARS WITH AN INNOVATIVE 21ST CENTURY EDUCATION. WITH OUR ENDURING COMMITMENT TO FOSTER AN INNOVATIVE AND CREATIVE CAMPUS OF NATIONALLY COMPETITIVE INDIVIDUAL THINKERS. THE GRANDE INNOVATION ACADEMY IS DEDICATED TO THE PURSUIT OF HIGHER KNOWLEDGE AND EXCELLENCE, STRIVING TO MAKE A DIFFERENCE IN THE EDUCATIONAL FIELD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>PATRICIA MESSER ROGER MESSER PRESIDENT BUSINESS MAN SPOUSE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS AT A BOARD MEETING, TO ALLOW FOR QUESTIONS AND DISCUSSION AS NECESSARY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>IF A CONFLICT OF INTEREST IS PRESENT, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD MEETING WHERE A DISCUSSION AND A VOTE WILL TRANSPIRE REGARDING THE TRANSACTION INVOLVING THE CONFLICT OF INTEREST. THE CHAIRPERSON WILL THEN APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD WILL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION FROM AN INDEPENDENT PERSON.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL COMPENSATION RECEIVED BY A TOP OFFICIAL IS TAKEN TO THE BOARD FOR DISCUSSION. A DETERMINATION IS MADE IF THE SALARY IS COMPARABLE AMONG OTHER PUBLIC SCHOOLS IN THE COMMUNITY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION IS REVIEWED ANNUALLY AND DETERMINED IF THE SALARIES ARE COMPARABLE TO THE OTHER PUBLIC SCHOOLS THAT ARE PRESENT IN THE CASA GRANDE COMMUNITY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS WILL BE PROVIDED TO THE PUBLIC UPON A WRITTEN REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>