HomeMy WebLinkAbout03/07/24 Bakersfield Foundation Regular Meeting Agenda PacketREGULAR MEETING
THE BAKERSFIELD FOUNDATION
ANNUAL MEETING
AGENDA
Thursday, March 7, 2024
10:30 a.m.
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 Christian Clegg and Julie Drimakis to the Bakersfield
Foundation, whose terms expired February, 2024.
5. Minutes
a. Approval of the minutes of the March 2, 2023 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 2023.
b. Set date for 2025 annual meeting.
8. Director Comments
9. Adjournment
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 7, 2024 AGENDA ITEM: 4.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Joshua Rudnick, Deputy City Attorney
DATE: March 1, 2024
SUBJECT: 2024 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 Christian Clegg and Julie Drimakis to the Bakersfield
Foundation, whose terms expired February, 2024.
Based on the above -referenced action, the updated term expirations will be as
follows:
Karen Goh
Randy McKeegan
Christian Clegg
Julie Drimakis
Edward R. Paine
Ann Smart
Denise Ornelas
February, 2026
February, 2026
February, 2027
February, 2027
February, 2025
February, 2025
February, 2025
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 7, 2024 AGENDA ITEM: 5.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: March 1, 2024
SUBJECT: 2023 Special Meeting - Minutes
Approval of the minutes of the March 3, 2023 special meeting.
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 7, 2024 AGENDA ITEM: 6.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: March 1, 2024
SUBJECT: 2024 Regular 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 7, 2024 AGENDA ITEM: 7.a.
TO: The Bakersfield Foundation Board of Directors
FROM: Randy McKeegan, Finance Director/Chief Financial Officer
DATE: March 1, 2024
SUBJECT: 2024 Annual Meeting - 2023 Financial Report
Receive and file the 2023 Financial Report.
BAKERSFIELD FOUNDATION
ANNUAL REPORT
FOR CALENDAR YEAR ENDING 12/31/2023
BAKERSFIELD FOUNDATION 2023
Financial Overview
2022
Beginning Fund Balance @ Jan. 1 $ 136,974.63
Foundation Revenues
Contributions and other deposits 352,114.94
Interest revenue 16.78
Total receipts during the year 352,131.72
Foundation Payments during the year 87,275.89
Ending Fund Balance @ Dec. 31 $ 401,830.46
-- Page 1 of 4 Pages --
QW61
$ 401, 830.46
87,509.96
30.87
87,540.83
163, 739.73
$ 325,631.56
I. ASSETS AND LIABILITIES AS OF:
12/31 /2022 12/31 /2023
ASSETS
Cash and Bank Accounts
Regular Checking Account $ 153,299.22 $ 45,104.98
Business Savings Account $ 248,531.24 $ 280,526.58
Total Cash and Bank Accounts $ 401,830.46 $ 325,631.56
Other Assets
post dated contributions - -
Total Other Assets - -
TOTAL ASSETS $ 401,830.46 $ 325,631.56
LIABILITIES AND EQUITY
LIABILITIES
Contracts Payable - -
Other Liabilities - -
Total Liabilities - -
EQUITY $ 401,830.46 $ 325,631.56
TOTAL LIABILITIES AND EQUITY $ 401,830.46 $ 325,631.56
II. MATERIAL CHANGES IN ASSETS AND LIABILITIES
IN CALENDAR YEAR ENDING 12/31/2023
Contributions for BPD Activities (SWAT/K-9/Wellness) $ 15,000.00
-- Page 2 of 4 Pages --
III. REVENUE RECEIVED IN CALENDAR YEAR
2022
2023
Cash Contributions -
Donations for Freeway Litter Cleanup program (KBB)
$
17,274.82
$
-
Donations for Great American Cleanup (KBB)
$
33,829.59
$
67,972.29
Donations for 4th of July
$
17,500.00
$
-
Donations for general activities (KBB)
$
10,010.53
$
-
Donations for Community Garden program (KBB)
$
2,500.00
$
-
Donations for BPD K9 program costs
$
55,500.00
$
750.00
Donations for BPD SWAT Program
$
150,000.00
$
-
Donation s for BPD Wellness Program
$
20,000.00
$
15,000.00
Donations for BPD - CBACC Operations
$
33,000.00
$
-
Donations for BPD - Traffic Enforcement
$
-
$
3,787.67
Donation for Fire K-9 Program
$
12,500.00
$
-
Donations for general use
Non - Cash Contributions -
none
$
-
$
-
Interest earnings on savings account balance
$
16.78
$
30.87
TOTAL REVENUE IN CALENDAR YEAR
$
352,131.72
$
87,540.83
IV. EXPENDITURES IN CALENDAR YEAR
City Reimbursement Projects
Contribution to reimburse City for KBB Great Am. Cleanup
$
27,927.52
$
32,366.00
Contribution to reimburse Arena for 4th of July event
Contribution to reimburse City for KBB General Activity
$
281.29
$
-
Contribution to reimburse City for Downtown/Old Town Rehab
$
3,170.32
$
500.00
Contribution to reimburse City for Community Garden program
$
2,271.34
$
1,746.00
Contribution to reimburse City for KBB Mural Program
$
400.00
$
-
Contribution to reimburse City for KBB Old Town Kern
$
2,782.13
$
-
Contribution to reimburse City for KBB Community Promotions
$
1,038.73
$
-
Contribution to reimburse City for CBACC Operations
$
-
$
33,000.00
Contribution to reimburse City for PD K-9 Operations
$
17,786.46
Contribution to reimburse City for Fire K-9 Operations
$
10,000.00
Contribution to reimburse City for SWAT Expenses
$
49,364.56
$
68,166.27
Total City Reimbursement Project Expenditures
$
87,235.89
$
163,564.73
Miscellaneous Expenditures
State Filing Fee costs
$
40.00
$
175.00
Tax Filing Fees
$
-
$
-
Bank Service Charges
$
-
$
-
Total Miscellaneous Expenditures
$
40.00
$
175.00
TOTAL EXPENDITURES IN CALENDAR YEAR
$
87,275.89
$
163,739.73
-- Page 3 of 4 Pages --
BAKERSFIELD FOUNDATION Tax ID# : 91-1885891
EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2023
Part II - Line 9
Contributions/Payments
Contribution to reimburse City for KBB Great Am. Cleanup $ 32,366.00
Contribution to reimburse City for Downtown/Old Town Rehab $ 500.00
Contribution to reimburse City for Community Garden program $ 1,746.00
Contribution to reimburse City for CBACC Operations $ 33,000.00
Contribution to reimburse City for PD K-9 Operations $ 17,786.46
Contribution to reimburse City for Fire K-9 Operations $ 10,000.00
Contribution to reimburse City for SWAT Expenses $ 68,166.27
Total Contributions/Payments $ 163,564.73
Part II - Line 17
Miscellaneous / Other Expenditures
State Filing Fee costs $ 175.00
Bank Service Charges $ -
Total Miscellaneous Expenditures $ 175.00
TOTAL EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2022 $ 163,739.73
o M�
o oI
6I
m
�m
vBv
o E'n
QE U6n nl
v
LLL—
S
S S S
LLU�
LLU�
pW� e el
mJ sssssssss ms LL�p LLmmmmmmrs � pppppppppuppppppp�&u"nm � �
THE BAKERSFIELD FOUNDATION
MEETING DATE: March 7, 2024 AGENDA ITEM: 7.b.
TO: The Bakersfield Foundation Board of Directors
FROM: Julie Drimakis, City Clerk
DATE: March 1, 2024
SUBJECT: 2023 Special Meeting - Set date for the 2024 Regular Meeting
Set date for 2025 Regular meeting.