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
Original source file

26520A.pdf

BELIEVE Circle City High School, Inc. — Marion County, IN · Jul 2024 – Jun 2025 · as supplied by the City of Indianapolis / OEI

Page 4Searching for 4408422
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Document record
File26520A.pdf
EntityBELIEVE Circle City High School, Inc. — Marion County, IN
Reporting yearJul 2024 – Jun 2025
ScopeSource Data
Pages28
Page shown4
Value traced4408422
Provenance

Indiana State Board of Accounts review letter, 19 Nov 2025 (Tammy R. White, CPA); audit opined by Donovan CPAs

PRIMARY SOURCE — balance sheet and income statement used for Current Ratio, Days Cash on Hand, Debt-to-Asset, Net Income and Debt Default inputs for BELIEVE FY2024-25.

The value used in the calculation is highlighted in yellow in the original document. Scanned pages have no searchable text layer; those figures were read by OCR and confirmed by an analyst, so the highlight may not appear.
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