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Home My WebLink About03/02/23 BAKERSFIELD FOUNDATION SPECIAL (2)SPECIAL MEETING THE BAKERSFIELD FOUNDATION ANNUAL MEETING AGENDA Thursday, March 2, 2023 10:00 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 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 (McKeegan/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 rile 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 2022 Beginning Fund Balance @ Jan. 1 $ 287,972.66 $ 136,974.63 Foundation Revenues Contributions and other deposits 122,870.00 352,114.94 Interest revenue 15.61 16.78 Total receipts during the year 122,885.61 352,131.72 Foundation Payments during the year 273,883.64 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 $ 153,299.22 $ 125,534.64 $ 248,531.24 $ 136,974.63 $ 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/Weliness) $ 225,500.00 Contributions for Animal Care $ 33,000.00 -- Page 2 of 4 Pages -- '1 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 41 BAKERSFIELD FOUNDATION Tax ID# : 91-1885891 EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2022 Part II - Line 9 Contributions/Payments Contribution to reimburse City for KBB Great Am. Cleanup $ 27,927.52 Contribution to reimburse City for KBB General Activity $ 281.29 Contribution to reimburse City for Downtown/Old Town Rehab $ 3,170.32 Contribution to reimburse City for Community Garden program $ 2,271.34 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 SWAT Expenses $ 49,364.56 Total Contributions/Payments $ 87,235.89 Part II - Line 17 Miscellaneous / Other Expenditures State Filing Fee costs $ 40.00 Bank Service Charges $ - Total Miscellaneous Expenditures $ 40.00 TOTAL EXPENDITURES IN CALENDAR YEAR ENDING 12/31/2022 $ 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.