Treasurer

Brooklyn City Schools Financial Fact Friday! 

Financial Fact Fridays seeks to share on a regular basis factual information related to strategic investments and district finances with the Brooklyn City Schools community.

Strategic Investment at the Brooklyn Stadium Athletic Complex

$1.82M invested in the Brooklyn Stadium Athletic Complex at Hurricane Alley:

• $400,000 — New Track Surface (2023)
• $445,000 — New Stadium Field Lights
• $175,000 — New Digital Stadium Scoreboard
• $650,000 — Field Turf Replacement & Track/Field Event Area Restoration
• $150,000 — Community Walking Path connecting to Memorial Park

These renovations were made possible through the $20 million Bond Issue that passed in March 2024, along with support from the General Fund & the NFL Grassroots Foundation Grant.

Our goal is to keep our school community informed and help explain our strategic investments and financial decisions as we move the district forward.

📩 Questions? Please feel free to contact:

Superintendent Caleris
askdrcaleris@bcshurricanes.org 

Treasurer Schirhart
robert.schirhart@bcshurricanes.org 

Financial Fact Fridays seeks to share on a regular basis factual information related to strategic investments and district finances with the Brooklyn City Schools community.

Brooklyn City Schools Financial Fact Friday!

Why the March 2024 Bond Issue Can’t Pay Operating Expenses

 
We know school finances can be complicated, so we want to provide our school community with clear, straightforward factual information about the financial picture of Brooklyn City Schools.

One important distinction is the difference between Capital/Bond Funds and the Operating Fund.

? The $20 million bond issue approved in March 2024 is legally restricted to facility improvements and construction projects. These funds can be used for critical building improvements such as roofs, HVAC systems, and safety upgrades — but they cannot be used to pay staff salaries, benefits, or other daily operating expenses.

At the same time, August 2026 financial projections show operating expenses increasing while operating revenue is projected to decline.

The bottom line: A district can have funds available for building improvements while simultaneously facing financial pressure in its operating budget, including personnel and other day-to-day expenses. These funds are legally separate and cannot simply be transferred from one purpose to another.

Our goal is to keep our school community informed and help explain our strategic investments and financial decisions as we move the district forward.

? Questions? Please feel free to contact:

Superintendent Caleris
askdrcaleris@bcshurricanes.org 

Treasurer Schirhart
robert.schirhart@bcshurricanes.org