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Board notes enrollment near 4,900 and plans to use $2 million line of credit for cash flow
Summary
District finance and superintendent reports showed enrollment approaching 4,900 and a plan to move forward with a previously approved $2,000,000 line of credit to manage tight cash flow through the first of the fiscal year.
At the Sept. 15 meeting the board received the district dashboard and financial overview. The superintendent’s report recorded enrollment approaching 4,900 students and that staffing is essentially fully staffed. Director of Finance Maritza Santiago said the gift fund had additional funds, and CFO Larry McFarlin told the board the district will move forward with a line of credit previously approved on July 21, 2025 to smooth reimbursement timing.
The minutes record that the board approved the July financial report and noted the plan to use the line of credit; the minutes do not record a vote specifically authorizing a new loan, only that the district will proceed with a previously approved line of credit. The minutes also record a Bark Week fundraising total of $31,412 for Fostering Sweet Dreams as part of development updates.
