HomeMy WebLinkAbout03/02/23 BAKERSFIELD FOUNDATION SPECIALSPECIAL MEETING
THE BAKERSFIELD FOUNDATION
POSTED ON
ANNUAL MEETING
AGENDA
k's Office
City of
Thursday, March 2, 2023
B ersfield
10:00 a.m.
�
by
City Hall South
First floor, Caucus Room
1501 Truxtun Avenue, Bakersfield, CA 93301
1. Call to Order
2. Roll Call
3. Public Statements
4. Appointments
a. Reappointment of Karen Goh to the Bakersfield Foundation, whose term expired
February, 2023.
b. Reappointment of Randy McKeegan to the Bakersfield Foundation, whose term
expired February, 2023.
5. Minutes
a. Approval of the minutes of the March 3, 2022 special meeting.
6. Election of Officers
a. Election of the following Officers:
1. President
2. Vice -President
3. Chief Financial Officer/Treasurer
4. Secretary
7. New Business
a. Financial Report for 2022.
b. Set date for 2024 annual meeting.
8. Director Comments
9. Adjournment
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 2, 2023 AGENDA ITEM: 4.a. - 4.b.
TO: The Bakersfield Foundation Board of Directors
FROM: Joshua Rudnick, Deputy City Attorney
DATE: March 2, 2023
SUBJECT: 2023 Annual Meeting - Reappointments.
Per the terms of the Bakersfield Foundation By -Laws, the terms of the Directors shall
be for a period of three years.
Re -appointment of Karen Goh and Randy McKeegan to the Bakersfield
Foundation, whose terms expired February, 2023.
Based on the above -referenced actions, the updated term expirations will be as
follows:
Karen Goh
Randy McKeegan
Christian Clegg
Denise Ornelas
Julie Drimakis
Edward R. Paine
Ann Smart
February, 2026
February, 2026
February, 2024
February, 2024
February, 2024
February, 2025
February, 2025
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 3, 2022 AGENDA ITEM: 5.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: February 25, 2022
SUBJECT: 2021 Special Meeting - Minutes
Approval of the minutes of the February 25, 2021 special meeting.
SPECIAL MEETING
THE BAKERSFIELD FOUNDATION
ANNUAL MEETING
MINUTES
Thursday, March 3, 2022
10:30 a.m.
City Hall South
First floor, Caucus Room
1501 Truxtun Avenue, Bakersfield, CA 93301
1. Call to Order at 10:35 a.m. by President Goh
2. Roll Call
Present: Karen Goh, Julie Drimakis, Denise Ornelas, Randy McKeegan, Josh Rudnick, City
Manager, Christian Clegg and Edward Paine.
Absent: Ann Smart
3. Public Statements
None.
4. Appointments
a. Reappointment of Edward Paine to the Bakersfield Foundation, whose term
expired February, 2022.
It was MIS (Clegg/McKeegan) to appoint Edward Paine to the Bakersfield Foundation. The
motion was approved with Smart absent.
b. Reappointment of Ann Smart to the Bakersfield Foundation, whose term expired
February, 2022.
It was MIS (Ornelas/McKeegan) to appoint Ann Smart to the Bakersfield Foundation. The
motion was approved with Smart absent.
C. Reappointment of Denise Ornelas to the Bakersfield Foundation, whose term
expired February, 2022.
It was MIS (M cKeegan /Clegg) to appoint Denise Ornelas to the Bakersfield Foundation. The
motion was approved with Smart absent.
5. Minutes
a. Approval of the minutes of the February 25, 2021 special meeting.
It was MIS (Ornelas /McKeegan) to approve the minutes as submitted. The motion was
approved with Smart absent.
6. Election of Officers
a. Election of the following Officers:
1. President
2. Vice -President
3. Chief Financial Officer/Treasurer
4. Secretary
It was MIS (Paine/Ornelas) to appoint the President, Vice -President, Chief Financial
Officer/Treasurer, and Secretary, as follows:
President: Karen Goh
Vice -President: Christian Clegg
Chief Financial Officer/Treasurer: Randy McKeegan
Secretary: Julie Drimakis
The motion was approved with Smart absent.
7. New Business
a. Financial Report for 2021.
It was MIS (Ornelas/Clegg) to receive and file the report. The motion was approved with
Smart absent.
b. Set date for 2023 annual meeting.
It was MIS (Ornelas/Pain) to schedule the 2023 annual meeting date on
Thursday, March 2, 2023. The motion was approved with Smart absent.
8. Director Comments
9. Adjournment
President Goh adjourned the meeting at 10:46 a.m.
Secretary
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 2, 2023 AGENDA ITEM: 6.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: February 15, 2023
SUBJECT: 2023 Special Meeting - Election of Officers
The election of Officers will reflect the following actions:
1. Election of President
2. Election of Vice President
3. Election of Chief Financial Officer/Treasurer
4. Secretary
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 2, 2023 AGENDA ITEM: 7.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Randy McKeegan, Finance Director/Chief Financial Officer
DATE: March 2, 2023
SUBJECT: 2023 Annual Meeting - 2022 Financial Report
Receive and file the 2022 Financial Report.
BAKERSFIELD FOUNDATION
ANNUAL REPORT
FOR CALENDAR YEAR ENDING 12/31/2022
BAKERSFIELD FOUNDATION 2022
Financial Overview
2021
Beginning Fund Balance @ Jan. 1 $ 287,972.66
Foundation Revenues
Contributions and other deposits 122,870.00
Interest revenue 15.61
Total receipts during the year 122,885.61
Foundation Payments during the year 273,883.64
2022
$ 136,974.63
352,114.94
16.78
352,131.72
87,275.89
Ending Fund Balance @ Dec. 31 $ 136,974.63 $ 401,830.46
-- Page 1 of 4 Pages --
41
f
I. ASSETS AND LIABILITIES AS OF:
ASSETS
Cash and Bank Accounts
Regular Checking Account
Business Savings Account
Total Cash and Bank Accounts
Other Assets
post dated contributions
Total Other Assets
TOTAL ASSETS
LIABILITIES AND EQUITY
LIABILITIES
Contracts Payable
Other Liabilities
Total Liabilities
12/31 /2021 12/31 /2022
$ 11,439.99
$ 125,534.64
$ 136,974.63
$ 153,299.22
$ 248,531.24
$ 401,830.46
$ 136,974.63 $ 401,830.46
EQUITY $ 136,974.63 $ 401,830.46
TOTAL LIABILITIES AND EQUITY $ 136,974.63 $ 401,830.46
II. MATERIAL CHANGES IN ASSETS AND LIABILITIES
IN CALENDAR YEAR ENDING 12/31/2022
Contributions for BPD Activities (SWAT/K-9/Wellness) $ 225,500.00
Contributions for Animal Care $ 33,000.00
-- Page 2 of 4 Pages --
III. REVENUE RECEIVED IN CALENDAR YEAR
Cash Contributions -
Donations for Freeway Litter Cleanup program (KBB)
Donations for Great American Cleanup (KBB)
Donations for 4th of July
Donations for general activities (KBB)
Donations for Community Garden program (KBB)
Donations for Mural Program (KBB)
Donations for BPD K9 program costs
Donations for BPD SWAT Program
Donation s for BPD Wellness Program
Donations for BPD - CBACC Operations
Donation for Fire K-9 Program
Donations for MLK Christmas Decorations (Rec & Parks)
Donations for Good Neighbor Festival (Rec & Parks)
Donations for general use
Non - Cash Contributions -
none
Interest earnings on savings account balance
TOTAL REVENUE IN CALENDAR YEAR
IV. EXPENDITURES IN CALENDAR YEAR
City Reimbursement Proiects
Contribution to reimburse City for Freeway Litter Cleanup
Contribution to reimburse City for KBB Great Am. Cleanup
Contribution to reimburse Arena for 4th of July event
Contribution to reimburse City for KBB General Activity
Contribution to reimburse City for Downtown/Old Town Rehab
Contribution to reimburse City for Community Garden program
Contribution to reimburse City for Bikepath/River Cleanup
Contribution to reimburse City for KBB Mural Program
Contribution to reimburse City for KBB Old Town Kern
Contribution to reimburse City for KBB Community Promotions
Contribution to reimburse City for SWAT Expenses
Total City Reimbursement Project Expenditures
Miscellaneous Expenditures
State Filing Fee costs
Tax Filing Fees
Bank Service Charges
Total Miscellaneous Expenditures
TOTAL EXPENDITURES IN CALENDAR YEAR
-- Page 3 of 4 Pages --
2021
2022
$
75,000.00
$
17,274.82
$
-
$
33,829.59
$
15,000.00
$
17,500.00
$
5,000.00
$
10,010.53
$
500.00
$
2,500.00
$
855.00
$
25,985.00
$
55,500.00
$
-
$
150,000.00
$
20,000.00
$
33,000.00
$
12,500.00
$
500.00
$
30.00
$
15.61
$
16.78
$
122,885.61
$
352,131.72
$ 226,515.75
$
5,814.07
$
27,927.52
$
15,000.00
$
-
$
281.29
$
1,210.80
$
3,170.32
$
4,526.19
$
2,271.34
$
18,835.78
$
400.00
$
1,200.00
$
2,782.13
$
536.25
$
1,038.73
$
-
$
49,364.56
$
273,638.84
$
87,235.89
$ 125.00
$ 119.80
$ 244.80
$ 273,883.64
$ 40.00
$ 40.00
$ 87,275.89
A,
1
BAKERSFIELD FOUNDATION Tax ID# : 91-1885891
EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2022
Part 11-Line 9
Contributions/Payments
Contribution to reimburse City for KBB Great Am. Cleanup
Contribution to reimburse City for KBB General Activity
Contribution to reimburse City for Downtown/Old Town Rehab
Contribution to reimburse City for Community Garden program
Contribution to reimburse City for KBB Mural Program
Contribution to reimburse City for KBB Old Town Kern
Contribution to reimburse City for KBB Community Promotions
Contribution to reimburse City for SWAT Expenses
Total Contributions/Payments
Part II - Line 17
Miscellaneous / Other Expenditures
State Filing Fee costs
Bank Service Charges
Total Miscellaneous Expenditures
TOTAL EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2022
$ 27,927.52
$ 281.29
$ 3,170.32
$ 2,271.34
$ 400.00
$ 2,782.13
$ 1,038.73
$ 49,364.56
$ 87,235.89
$ 40.00
$ 40.00
$ 87,275.89
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 2, 2023 AGENDA ITEM: 7.b.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: February 15, 2023
SUBJECT: 2023 Special Meeting - Set date for the 2024 Regular Meeting
Set date for 2024 Regular meeting.