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Home My WebLink About03/07/24 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.