Nsites · City of Indianapolis Charter School Intelligence Platform

OEI Financial Validation Lab

Nsites CQ2 calculation, source traceability & replication validation

Reviewer: Allan Bell - Nsites
Run sealed 04 Sep 2026 · 18:16 UTC
BELIEVE · calculation basis

BELIEVE Circle City High School — metrics independently completed

Of the 9 CQ2 sub-indicators in scope for this school, 7 could be recalculated end-to-end from the audited statements, workbooks and supporting schedules provided. Excluded from the denominator: Three-Year Aggregate Net Income, Financial Reporting Requirements — the required source was not provided, so no independent figure exists and the published figure is never adopted in its place. Rows marked "Unable to Validate" are the gap, reported rather than filled.

Headline figure
7 of 9
Rows shown in red are the items causing this measure to fall short of 100% — they are listed first.
Detail
BELIEVEFY2024-25Three-Year Aggregate Net Income($507,367) Partially validated across 2 of 3 yearsUnable to Validate($484,746)ASMISSING SOURCEOpen
BELIEVEFY2024-25Financial Reporting RequirementsUnable to independently validateUnable to ValidateDNMSDNMSMISSING SOURCEOpen
BELIEVEFY2024-25Enrollment Variance100%MS100%MSEXACT MATCHOpen
BELIEVEFY2024-25Current Ratio1.31MS1.31MSEXACT MATCHOpen
BELIEVEFY2024-25Days Cash on Hand66MS66MSEXACT MATCHOpen
BELIEVEFY2024-25Debt DefaultNo defaultMSNoMSEXACT MATCHOpen
BELIEVEFY2024-25Debt-to-Asset Ratio0.97DNMS0.97DNMSEXACT MATCHOpen
BELIEVEFY2024-25Debt Service Coverage Ratio2.91MS2.91MSEXACT MATCHOpen
BELIEVEFY2024-25Financial AuditUnmodified, no material weaknessMSMSMSEXACT MATCHOpen
Calculable 7 · not calculable 2.