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Board approves financial reports; CFO outlines plan to repay line of credit by June 30
Summary
The board approved December 2025 and January 2026 financial reports and heard from CFO Larry McFarlin that the district plans to repay its line of credit before June 30, 2026.
Director of Finance Maritza Santiago presented the December 2025 and January 2026 financial reports to the board. Chief Financial Officer Larry McFarlin updated members 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 financial reports and Susan Agel seconded; the motion passed 5–0.
The minutes record no further detail about the line-of-credit terms or required board follow-up beyond the statement of intent to repay by June 30. The financial reports themselves were approved as part of the regular business recorded in the meeting minutes.
