Three-School Matrix / BELIEVE / FY2024-25 / Debt Default
BELIEVE Circle City High School · FY2024-25 · Annual Audited · Calculation level: Consolidated Organization
Debt Default
Whether the organization is in default or delinquency on any debt or lease obligation.
Formula: Qualitative determination
Meets Standard: No default MS · waived covenant violation MS with disclosure · default DNMS
resultNo default
MSPublished OEIresult
No
MSStatus
EXACT MATCHFrom Data To Decisions
Formula — MSCS Performance Framework 2025-26
Qualitative review of debt, covenant, default, delinquency and waiver disclosures
Rating threshold: No default or delinquency = Meets Standard
Source inputs
Debt and covenant disclosure
Normalized field: debt_note
In compliance; no waiver
26520A.pdf · Note 6 — Long-Term Debt · PDF page 12 (printed page 10) · Covenant compliance statement
View sourceOpen fileConfidence: High · Analyst-confirmed read · Approved
Affiliate debt schedule
Normalized field: affiliate_debt
Build Believe Properties, LLC — payments current
06-30-26 - Build Believe.xlsx · sheet “Debt Schedule” · cell B4:H22 · Mortgage note — scheduled vs paid
View sourceOpen fileConfidence: Medium · Workbook cell read · Approved
Calculation
- Note 6 discloses building debt held through Build Believe Properties, LLC.
- Debt-service coverage covenant met at June 30, 2025; no waiver required.
- No payment delinquency disclosed.
OEI rating test
No default or delinquency = Meets Standard
Insights rating:MS
Comparison
No default / MSSalesforce / CAPNo
Published OEINo / MS
Variance—
StatusEXACT MATCH
Sequencing proof
- 1. Source documents ingested and classified.
- 2. Raw values extracted with page/cell coordinates.
- 3. OEI mapping and accounting treatment applied.
- 4. Formula executed — targets not in engine memory.
- 5. Nsites result locked 18:15:12 UTC.
- 6. Salesforce/CAP and published CQ2 revealed 18:15:43 UTC.