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        <ExplanationTxt>MANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>REVIEW AND DISCUSSION WITH THE BUSINESS SERVICE PROVIDER, THE BOARD CHAIR, THE BOARD TREASURER, SCHOOL PRINCIPAL AND OTHER BOARD MEMBERS. AFTER ALL INFORMATION HAS BEEN VERIFIED, IT WILL BE RECOMMENDED FOR BOARD APPROVAL IN THE NEXT BOARD MEETING.</ExplanationTxt>
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        <ExplanationTxt>THE GOVERNING BOARD MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTING ON THE ISSUE.</ExplanationTxt>
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