MALDEN, Mass. (AP) – A unanimous vote by the state Board of Education orders the embattled Roxbury Charter High School to close on Friday, one week after the school began its third academic year.

The vote Wednesday upheld the board’s December 2004 decision – the first time it had voted to revoke a charter school’s license. The school had serious financial and administrative problems, officials said. It was allowed to remain open through June.

While the school appealed, state education officials late last month warned parents not to send their children to the school because of the likelihood of closure. Still, about 90 children are enrolled, according to the Department of Education.

The school, which sought to teach business, finance and entrepreneurship, was near bankruptcy when the board voted in December. The school was significantly under-enrolled, with about 100 students, far below its projected 175 students. That led to revenue problems because charter schools get most of their money on a per-student basis when children leave traditional public schools.

School leaders acknowledged making financial mistakes in the school’s first year, including hiring an outside firm to manage its money instead of doing it themselves. The school also had to lay off three teachers soon after opening to save money.