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Finance update: CFO flags summer cash-flow planning; administration cites staffing, grant and facilities progress
Summary
Finance staff told the board they are managing cash flow to cover July expenses; administrators reported the district is 96.6% fully hired for 2026–27, a CSP grant approved for a new site in FY28, and Oakcrest renovations on track to open in July.
At the May 18 meeting, Director of Finance Maritza Santiago gave a brief financial overview and CFO Larry McFarlin said staff are "trying to keep a steady cash flow to help cover July expenses," indicating planning to bridge summer fiscal needs. The board then voted to accept the March 2026 financial reports by a 5-0 vote.
In administrative updates, the superintendent reported the district is 96.6% fully hired for the 2026–27 school year, a Community School Program (CSP) grant was approved for a new site opening FY28, and Oakcrest renovations are moving forward with a target to open in July. The transcript records these items as administration updates; no further budget amounts or grant award sizes were provided in the minutes.
