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        <Description>OTHER ASSETS</Description>
      </OtherAssets>
      <OtherAssets>
        <Description>LOAN ISSUANCE COSTS</Description>
        <BookValue>983866</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DEPOSITS</Description>
        <BookValue>90844</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>1074710</TotalBookValueOtherAssets>
      <TotalRevenue>10205215</TotalRevenue>
      <TotalExpenses>10715663</TotalExpenses>
      <ExcessOrDeficitForYear>-510448</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-510448</ExcessOrDeficitPerFS>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="00000004" softwareId="11000175">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Line 3</Identifier>
        <Explanation>THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED THROUGH ITS WEBSITE AND LOCAL NEWSPAPERS.</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Line 6b</Identifier>
        <Explanation>RECEIVES GRANTS THROUGH THE FLORIDA DEPT OF EDUCATION</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleJ documentId="00000005">
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>CHARLES W JONES PHD</NamePerson>
        <BaseCompensationFilingOrg>174364</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>17436</DeferredCompFilingOrg>
        <TotalCompensationFilingOrg>191800</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>180674</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="00000006" softwareId="11000175">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CITY OF PALMETTO</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>000000000</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2010-12-01</DateIssued>
        <IssuePrice>3500000</IssuePrice>
        <DescriptionOfPurpose>FINANCE PURCHASE OF LAND/CONST</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CITY OF PALMETTO</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>000000000</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2010-12-01</DateIssued>
        <IssuePrice>8250000</IssuePrice>
        <DescriptionOfPurpose>FINANCE PURCHASE OF LAND/CONST</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CITY OF PALMETTO</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>000000000</IssuerEIN>
        <CUSIPNumber>000000000</CUSIPNumber>
        <DateIssued>2011-12-01</DateIssued>
        <IssuePrice>2290192</IssuePrice>
        <DescriptionOfPurpose>FINANCE PURCHASE OF LAND/CONST</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="00000007" softwareId="11000175">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND A</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>THE FINAL 990 IS PROVIDED TO THE BOARD PRIOR TO APPROVAL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>AT EACH BOARD MEETING, THE AGENDA IS NOTATED TO REMIND</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>BOARD MEMBERS TO RECLUSE FROM VOTING ON ANY ITEM THAT</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>MAY BE A CONFLICT OF INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>THE PRINCIPAL IS PAID IN ACCORDANCE WITH THE SCHOOL</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>DISTRICT'S PAY SCALE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>BOARD OF EDUCATION 12500. 0. 12500. 0. SCHOOL ADMINISTRATION 1271544. 635772. 635772. 0. FACILITIES ACQ. &amp; CONSTRUCTION 45258. 45258. 0. 0. FISCAL SERVICES 141645. 70823. 70822. 0. FOOD SERVICES 437915. 437915. 0. 0. PUPIL TRANSPORTATION 392779. 392779. 0. 0. OPERATION OF PLANT 797005. 797005. 0. 0. MAINTENANCE OF PLANT 41818. 41818. 0. 0. COMMUNITY SERVICE 209735. 209735. 0. 0.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>