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        <Depreciation>305457</Depreciation>
        <BookValue>471939</BookValue>
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        <Explanation>THE BOARD OF DIRECTORS REVIEW ALL FINANCIAL STATEMENTS AND TAX RETURNS PRIOR TO SUBMISSION.</Explanation>
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      <GeneralExplanation>
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        <Explanation>BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY.</Explanation>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED IN ACCORDANCE WITH A POINT SYSTEM OF JOB EVALUATION AND METHODOLOGIES DEVELOPED BY THE HAY GROUP - A GLOBAL HUMAN RESOURCES MANAGEMENT CONSULTING FIRM</Explanation>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>21ST CENTURY CYBER CHARTER SCHOOL COMPLIES WITH THE PUBLIC RIGHT TO KNOW LAW AND RESPONDS TO ALL WRITTEN REQUESTS TO THE OPEN RECORDS OFFICER AS PURSUANT TO SECTION 504 OF THE RIGHT-TO-KNOW LAW, 65 P.S. 67.101 ET SEQ.</Explanation>
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