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Home My WebLink About3-17-2025 BAKERSFIELD FOUNDATION SPECIAL MEETING SPECIAL MEETING THE BAKERSFIELD FOUNDATION ANNUAL MEETING AGENDA Monday, March 17, 2025 10 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 Edward Paine, Ann Smart and Denise Ornelas to the Bakersfield Foundation, whose terms expired February, 2025. 5. Minutes a. Approval of the minutes of the March 7, 2024 regular 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 2024. b. Set date for 2026 annual meeting. 8. Director Comments 9. Adjournment THE BAKERSFIELD FOUNDATION MEETING DATE: March 17, 2025 AGENDA ITEM: 4.a. TO: The Bakersfield Foundation Board of Directors FROM : Julie Drimakis, City Clerk DATE: March 1 , 2025 SUBJECT: 2025 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 Edward Paine, Ann Smart and Denise Ornelas to the Bakersfield Foundation, whose terms expired February, 2025. Based on the above-referenced action, the updated term expirations will be as follows: Karen Goh February, 2026 Randy McKeegan February, 2026 Christian Clegg February, 2027 Julie Drimakis February, 2027 Edward R. Paine February, 2028 Ann Smart February, 2028 Denise Ornelas February, 2028 THE BAKERSFIELD FOUNDATION MEETING DATE: March 17, 2025 AGENDA ITEM: 5.a. TO: The Bakersfield Foundation Board of Directors FROM : Julie Drimakis, City Clerk DATE: March 1 , 2025 SUBJECT: 2024 Regular Meeting - Minutes Approval of the minutes of the March 7, 2024 regular meeting. REGULAR MEETING THE BAKERSFIELD FOUNDATION ANNUAL MEETING MINUTES Thursday, March 7, 2024 10:00 a.m. City Hall South First floor, Caucus Room 1501 Truxtun Avenue, Bakersfield, CA 93301 1. Call to Order at 10:34 a.m. by President Goh 2. Roll Call Present: Karen Goh, Julie Drimakis, Denise Ornelas, Edward Paine, Randy McKeegan, Josh Rudnick, and Christian Clegg. Absent: Ann Smart 3. Public Statements None. 4. Appointments a. Reappointment of Christian Clegg and Julie Drimakis to the Bakersfield Foundation, whose terms expired February, 2024. It was MIS (Paine/Ornelas) to appoint Christian Clegg and Julie Drimakis to the Bakersfield Foundation. The motion was approved with Smart absent. 5. Minutes a. Approval of the minutes of the March 2, 2023 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 2023. It was MIS (Pain/Ornelas) to receive and file the report. The motion was approved with Smart absent. b. Set date for 2025 annual meeting. It was MIS (Ornelas/McKeegan) to schedule the 2025 annual meeting date on Monday, March 10, 2025. The motion was approved with Smart absent. 8. Director Comments 9. Adjournment President Goh adjourned the meeting at 10:53 a.m. Secretary THE BAKERSFIELD FOUNDATION MEETING DATE: March 17, 2025 AGENDA ITEM: 6.a. TO: The Bakersfield Foundation Board of Directors FROM : Julie Drimakis, City Clerk DATE: March 1 , 2025 SUBJECT: 2025 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 17, 2025 AGENDA ITEM: 7.a. TO: The Bakersfield Foundation Board of Directors FROM : Randy McKeegan, Finance Director/Chief Financial Officer DATE: March 1, 2025 SUBJECT: 2025 Annual Meeting - 2024 Financial Report Receive and file the 2024 Financial Report. BAKERSFIELD FOUNDATION ANNUAL REPORT FOR CALENDAR YEAR ENDING 12/31/2024 BAKERSFIELD FOUNDATION 2024 Financial Overview 2023 2024 Beginning Fund Balance @ Jan. 1 $ 401 ,830.46 $ 325,631 .56 Foundation Revenues Contributions and other deposits 87,509.96 78,539.36 Interest revenue 30.87 29.36 Total receipts during the year 87,540.83 78,568.72 Foundation Payments during the year 163,739.73 63,745.29 Ending Fund Balance @ Dec. 31 $ 325,631 .56 $ 340,454.99 -- Page 1 of 4 Pages -- I. ASSETS AND LIABILITIES AS OF: 12/31/2023 12/31/2024 ASSETS Cash and Bank Accounts Regular Checking Account $ 45,104.98 $ 33,298.01 Business Savings Account $ 280,526.58 $ 307,156.98 Total Cash and Bank Accounts $ 325,631 .56 $ 340,454.99 Other Assets post dated contributions - - Total Other Assets - - TOTAL ASSETS $ 325,631 .56 $ 340,454.99 LIABILITIES AND EQUITY LIABILITIES Contracts Payable - - Other Liabilities - - Total Liabilities - - EQUITY $ 325,631 .56 $ 340,454.99 TOTAL LIABILITIES AND EQUITY $ 325,631 .56 $ 340,454.99 II. MATERIAL CHANGES IN ASSETS AND LIABILITIES IN CALENDAR YEAR ENDING 12/31/2024 KBB Community Gardens Donation - Wells Fargo Foundation $ 15,000.00 -- Page 2 of 4 Pages -- III. REVENUE RECEIVED IN CALENDAR YEAR 2023 2024 Cash Contributions- Donations for Freeway Litter Cleanup program (KBB) $ - $ - Donations for Great American Cleanup (KBB) $ 67,972.29 $ 29,616.82 Donations for 4th of July $ - $ - Donations for general activities (KBB) $ - $ 22,922.54 Donations for Community Garden program (KBB) $ - $ 15,000.00 Donations for BPD K9 program costs $ 750.00 Donations for BPD SWAT Program $ - $ - Donation s for BPD Wellness Program $ 15,000.00 $ 5,000.00 Donations for BPD- CBACC Operations $ - $ - Donations for BPD- Traffic Enforcement $ 3,787.67 $ 6,000.00 Donation for Fire K-9 Program $ - $ - Donations for general use Non - Cash Contributions - none $ - $ - Interest earnings on savings account balance $ 30.87 $ 29.36 TOTAL REVENUE IN CALENDAR YEAR $ 87,540.83 $ 78,568.72 IV. EXPENDITURES IN CALENDAR YEAR City Reimbursement Projects Contribution to reimburse City for KBB Great Am. Cleanup $ 32,366.00 $ 26,669.25 Contribution to reimburse Arena for 4th of July event Contribution to reimburse City for KBB General Activity $ - $ 12,415.01 Contribution to reimburse City for Downtown/Old Town Rehab $ 500.00 Contribution to reimburse City for Community Garden program $ 1,746.00 $ 1,562.99 Contribution to reimburse City for KBB Mural Program $ - $ 560.00 Contribution to reimburse City for KBB Old Town Kern $ - $ - Contribution to reimburse City for KBB Community Promotions $ - $ - Contribution to reimburse City for CBACC Operations $ 33,000.00 $ - Contribution to reimburse City for PD K-9 Operations $ 17,786.46 $ 3,594.50 Contribution to reimburse City for PD Wellness Program $ - $ 9,988.01 Contribution to reimburse City for PD Life Interrupted Program $ - $ 3,971.14 Contribution to reimburse City for Fire K-9 Operations $ 10,000.00 $ - Contribution to reimburse City for SWAT Expenses $ 68,166.27 $ 4,928.44 Total City Reimbursement Project Expenditures $ 163,564.73 $ 63,689.34 Miscellaneous Expenditures State Filing Fee costs $ 175.00 $ 55.95 Tax Filing Fees $ - $ - Bank Service Charges $ - $ - Total Miscellaneous Expenditures $ 175.00 $ 55.95 TOTAL EXPENDITURES IN CALENDAR YEAR $ 163,739.73 $ 63,745.29 --Page 3 of 4 Pages -- BAKERSFIELD FOUNDATION Tax ID# : 91-1885891 EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2024 Part II - Line 9 Contributions/Payments Contribution to reimburse City for KBB Great Am. Cleanup $ 26,669.25 Contribution to reimburse City for KBB General activities $ 12,415.01 Contribution to reimburse City for Community Garden program $ 1,562.99 Contribution to reimburse City for KBB Mural Program $ 560.00 Contribution to reimburse City for PD K-9 Operations $ 3,594.50 Contribution to reimburse City for PD Wellness Program $ 9,988.01 Contribution to reimburse City for PD Life Interrupted $ 3,971.14 Contribution to reimburse City for SWAT Expenses $ 4,928.44 Total Contributions/Payments $ 63,689.34 Part II - Line 17 Miscellaneous / Other Expenditures State Filing Fee costs $ 55.95 Bank Service Charges $ - Total Miscellaneous Expenditures $ 55.95 TOTAL EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2023 $ 63,745.29 Bakersfield Foundation Sources and Uses of Funds-Active Programs Summary of Account Balance by Program Category Account Balances as of December 31,2024 KBB KBB KBB KBB KBB KBB KBB KBB KBB PG&E CVB CLC515 P3H218 ICP204 ICP212 ICP234 Great Am. Recycling Community Rehab Rehab Community Community Murals General Fourth Community Art Trek Recreation Recreation MILK FIRE BPD BPD BPD BPD BPD BPD BPD Cleanup Education Garden Downtown Old Town Kern Promotions Tree Planting Activities of July Partnership Grant Good Nhbr MILK Camp Christmas purchase auto theft purchase Life for K9 for SWAT Wellness Traffic (KAV608) (KAV623) (KAV624) (KAV625) (KAV627) (KAV629) (KAV619) (KAV633) (KAV634) Event Arena Program Program Festival Scholarships Donations of K9 club device of K9 Interrupted Program Program Program Enforcement General Total Beginning Balances Jan.1,2024 50,765.14 1,240.63 4,698.75 631.08 4,473.87 3,625.02 100.00 3,955.00 16,556.04 17,500.00 2,409.12 3,189.00 6,834.24 1,600.00 500.00 3,250.00 3,000.00 1,000.00 12,837.26 115,148.54 32,469.17 35,000.00 3,787.67 1,061.03 $325,631.56 Sources of Funds: Transfers Requested Contributions/Donations: KBB-Great Am.Cleanup -Transfers Feb deposits - March deposits 2,878.50 2,878.50 April deposits 5,700.00 5,700.00 May deposits 5,988.32 5,988.32 June deposits 5,000.00 5,000.00 July-Dec.deposits-rec'd late 10,050.00 10,050.00 KBB-Community Gardens 15,000.00 15,000.00 KBB-Freeway Litter Clean up-PG&E - KBB-Freeway Litter Clean up-refund KBB-Freeway Litter Clean up- KBB-Kern River Bikepath Clean up - KBB-General Contributions 22,922.54 22,922.54 KBB-Rehab Old Town Kern area - KBB-Reallocation approved by KBB Bike Path/River Cleanup-Lazzerini Family KBB-Community Tree Planting Fourth of July-Fireworks Event Give Big Bakersfield Promotion Recreation-Good Neighbor Festival FIRE-K-9 Program BPD-K-9 Donation(1/3/22) BPD-SWAT Program Donation(1/3/22) BPD-funds to purchase K9 - BPD-Wellness Pgm Donations 5,000.00 5,000.00 BPD-for K9 Program - BPD-Traffic Enforcement 6,000.00 6,000.00 Youth Sports-child tennis rackets - Miscellaneous Interest Earnings on Savings 29.36 29.36 Interest Earnings on Savings - Uses of Funds: Reimb.City for Gr.Am.Cleanup (26,669.25) (26,669.25) Reimb.City for KBB Downtown Rehab Reimb.To City for Cigarette Litter Prevention Reimb To City KBB General Activity (10,931.79) (10,931.79) Reimburse for Community Garden costs (1,562.99) (1,562.99) Reimb.City for Other SW Costs (220.00) (1,263.22) (1,483.22) Reimb.City for to City KBB Promotions Reimb.City for to City KBB Murals (560.00) (560.00) Reimb.City for Bike Path/River Clean up costs Reimb.City for Rehab Old Town Kern costs Payments to Rabobank for PG&E grant costs Reimb City for 4th of July event Reimb to City for Life Interrupted (3,971.14) (3,971.14) Reimb.City for K9 Costs (3,594.50) (3,594.50) Reimb.City for SWAT Programs (4,928.44) (4,928.44) Reimb.City for donation to purchase K9 dogs Reimb.City for PD Wellness Center (9,988.01) (9,988.01) Reimb.City for Good Neighbor Festival Reimburse City for Fire K-9 Other expenses Paypal fees State filing fees-AG&FTB (55.95) (55.95) Bank charges-new checks/dep slips/stamp Bank Service Charges Subtotal-byProject 53,712.71 1,020.63 18,135.76 631.08 4,473.87 2,361.80 100.00 3,395.00 28,546.79 17,500.00 2,409.12 3,189.00 6,834.24 1,600.00 500.00 3,250.00 3,000.00 1,000.00 8,866.12 111,554.04 27,540.73 30,011.99 9,787.67 1,034.44 340,454.99 Bank Account Balance 53,712.71 1,020.63 18,135.76 631.08 4,473.87 2,361.80 100.00 3,395.00 28,546.79 17,500.00 2,409.12 3,189.00 6,834.24 1,600.00 500.00 3,250.00 3,000.00 1,000.00 8,866.12 111,554.04 27,540.73 30,011.99 9,787.67 1,034.44 $340,454.99 KBB KBB KBB KBB KBB KBB KBB KBB PG&E CVB Great Am. Recycling Community Rehab Rehab Community Community KBB General Fourth Community Art Trek Recreation City MILK FIRE BPD BPD BPD BPD BPD BPD BPD Cleanup Education Garden Downtown Old Town Kern Promotions Tree Planting Murals Activities of July Partnership Grant Good Nhbr Animal Care Christmas purchase auto theft purchase Life for K9 for SWAT Wellness Traffic (KAV608) (KAV617) (KAV624) (KAV625) (KAV627) (KAV629) (KAV619) (KAV633) (KAV634) Event Arena Program Program Festival Programs Donations of K9 club device of K9 Interrupted Program Program Program Enforcement General S:\Foundation\2024\foundation contrib Dec 2024SourcesUses 3/11/20258:38 AM THE BAKERSFIELD FOUNDATION MEETING DATE: March 17, 2025 AGENDA ITEM: 7.b. TO: The Bakersfield Foundation Board of Directors FROM : Julie Drimakis, City Clerk DATE: March 1 , 2025 SUBJECT: 2025 Special Meeting - Set date for the 2026 Regular Meeting Set date for 2025 Regular meeting.