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Board reviews financial reports; CFO outlines plan to repay line of credit by June 30
Summary
Director of Finance Maritza Santiago presented financial reports; CFO Larry McFarlin described a plan to repay the district's line of credit before June 30, 2026. The board approved December 2025 and January 2026 reports by a 5–0 vote.
SANTA FE SOUTH CHARTER SCHOOL — At its Feb. 23 meeting the board reviewed December 2025 and January 2026 financial reports. Maritza Santiago, Director of Finance, provided a brief overview. Chief Financial Officer Larry McFarlin updated the board on the district’s line of credit and said the plan is to repay it before June 30, 2026.
Tyler Green moved to approve the December 2025 and January 2026 financial reports; Susan Agel seconded. The motion was approved 5–0. No dollar totals for the line of credit or repayment schedule details were recorded in the minutes; staff indicated further budget planning will continue as part of next-year preparations.
