BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
AGENDA
REGULAR MEETING
June 24, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members
Andrae Gonzales
Eric Arias
Ken Weir
1. ROLL CALL
2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
b. Non-Agenda Item Public Statements
3. STAFF REPORT
4. ADOPTION OF MINUTES
a. Adoption of the March 25, 2024 and April 22, 2024 regular meeting minutes Staff recommends adoption of minutes.
5. NEW BUSINESS
a. Presentation of the Economic Development Strategic Plan Staff recommends that the Committee receive and file the presentation
6. COMMITTEE COMMENTS
7. ADJOURNMENT
ADMINISTRATIVE REPORT
MEETING DATE: June 4, 2024 AGENDA CATEGORY: Minutes
TO: Budget, Finance and Economic Development Committee
FROM: Julie Drimakis, City Clerk
DATE: June 24, 2024
SUBJECT: Adoption of the March 25, 2024 and April 22, 2024 regular meeting minutes
[Document Description]
RECOMMENDATION:
Staff recommends adoption of minutes.
BACKGROUND:
FISCAL IMPACT:
COUNCIL GOAL:
Choose an item.
ATTACHMENTS:
March 25, 2024 Minutes
April 22, 2024 Minutes
1 BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
MINUTES
REGULAR MEETING
March 25, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members Present: Andrae Gonzales
Eric Arias
Members Absent: Ken Weir
City Staff Present: Randy McKeegan, Finance Director
Josh Rudnick, Deputy City Attorney II
Jenni Byers, Acting Economic Development Director
Mario Orosco, Budget Officer
Joe Conroy, Public Information Officer
Sara Ortega, Deputy City Clerk
Michelle Cruz, Management Assistant
Gary Hallen, Assistant City Manager
Juan Heredia, Administrative Analyst III
_____________________________________________________________________
1. ROLL CALL
2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
Michael Turnipseed gave comments regarding item 4.a
Roman Matera asked questions regarding item 4.a
Roman Matera gave comments regarding item 4.b
2 b. Non-Agenda Item Public Statements
Roman Matera gave comments on potential Economic Development areas within the City of Bakersfield.
3. ADOPTION OF MINUTES
a. Adoption of the February 26, 2024, regular meeting minutes Moved by: Eric Arias
Staff recommends adoption of minutes
Approved with committee member Weir absent
4. STAFF REPORT
a. 2022 Audit Reports to be referred to the Budget Finance and Economic Development Committee
1. Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022.
2. Agreed Upon Conditions Report for the fiscal year ended June 30, 2022.
3. Auditor Communication with Those Charged with Governance (SAS 114 Letter) for fiscal year ended June 30, 2022.
4. Independent Auditors Report – Compliance with Contractual Requirements relative to the Bakersfield Subregional Wastewater Management Plan for the year ended June 30, 2022.
5. Independent Auditors Report on Appropriations Limit Worksheet (GANN Limit) of the City of Bakersfield for the fiscal year ended June 30, 2022.
6. Independent Auditors Report – Mechanics Bank Arena, Theater, Convention Center, Dignity Health Amphitheatre & Valley Children’s Ice Center for the fiscal year ended June 30, 2022.
7. Agreed Upon Procedures Report (Public Safety and Vital Services) for the fiscal year ended June 30, 2022.
8. Single Audit Report for the fiscal year ended June 30, 2022 Randy McKeegan, Finance director made staff comments and provided a presentation.
Eric Xin, partner at Brown Armstrong made comments.
Moved by: Andrae Gonzales
Staff recommends to accept the annual reports and refer them back to the City Council for final approval.
Approved with committee member Weir absent
3 b. 2023 CalPers Pension and 2022 OPEB Trust Updates
Randy McKeegan, Finance director made staff comments and provided a PowerPoint presentation.
Moved by: Eric Arias
Staff recommends receive and file presentation.
Approved with committee member Weir absent
5. NEW BUSINESS
6. COMMITTEE COMMENTS
Councilmember Arias, are we prepared to make presentation in the upcoming budget meetings talking about the health of each fund.
Randy McKeegan, made comments on the review and projection of all major revenue streams.
Councilmember Arias, made a request to receive more information regarding the general fund and taking a closer look at it for a better understanding of any challenges.
Chair Andrae Gonzales, made a referral regarding the section 108 housing would like to request a plan be developed utilizing section 108 to help with targeted Economic redevelopment projects. He would like to know the process and the timeline to implement a redevelopment plan and fund it through section 108.
7. ADJOURNMENT
Meeting was adjourned at 1:11 p.m.
_________________________
ANDRAE GONZALES, CHAIR
BUDGET, FINANCE AND ECONOMIC DEVELOPMENT COMMITTEE
4 ATTEST:
_________________________
JULIE DRIMAKIS, CITY CLERK
CITY CLERK and Ex Officio Clerk of
the Council of the City of Bakersfield
1 BUDGET, FINANCE AND ECONOMIC DEVELOPMENT
MINUTES
REGULAR MEETING
April 22, 2024, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members Present: Andrae Gonzales
Members Absent: Ken Weir
Eric Arias
City Staff Present: Christian Clegg, City Manager
Josh Rudnick, Deputy City Attorney II
Jenni Byers, Economic Development Director
Mario Orosco, Budget Officer
Anthony Valdez, Assistant to the City Manager
Julie Drimakis, City Clerk
Michelle Cruz, Management Assistant
Gary Hallen, Assistant City Manager
Juan Heredia, Administrative Analyst III
Luda Fishman, Solid Waste Director
Gregg Strakaluse, Public Works Director
Zack Meyer, Assistant Public Works Director
_____________________________________________________________________
1. ROLL CALL
2 2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
b. Non-Agenda Item Public Statements
3. STAFF REPORT
4. ADOPTION OF MINUTES
a. Adoption of the March 25, 2024, regular meeting minutes
No action taken
5. NEW BUSINESS
a. Bakersfield Sports Village Conceptual Commercial Renderings
No Action taken
b. Proposed Gate Fee at the Organics Recycling and Composting Facility for Commercial Debris
No Action taken
6. COMMITTEE COMMENTS
Chair Gonzales, requested an update on the downtown entertainment district and the status of potential developers.
Chair Gonzales made a referral for Economic Development to research opportunities on how Bakersfield can play a role or support the Olympics coming to Los Angeles.
7. ADJOURNMENT
The meeting was adjourned at 12:32 p.m.
3 _________________________
ANDRAE GONZALES, CHAIR
BUDGET, FINANCE AND ECONOMIC DEVELOPMENT COMMITTEE
ATTEST:
_________________________
JULIE DRIMAKIS, CITY CLERK
CITY CLERK and Ex Officio Clerk of
the Council of the City of Bakersfield
ADMINISTRATIVE REPORT
MEETING DATE: June 24, 2024 AGENDA CATEGORY: New Business TO: Budget, Finance and Economic Development Committee
FROM: Jennifer M. Byers, Economic and Community Development Director DATE: June 20, 2024
SUBJECT: Presentation of the Economic Development Strategic Plan
Presentation of the Economic Development Strategic Plan
RECOMMENDATION:
Staff recommends that the Committee receive and file the presentation
BACKGROUND:
On September 15, 2021, the City Council adopted the Bakersfield Economic Development Strategic Plan (EDSP). The EDSP included Action Plan Goals accompanied by Strategies to implement. The Economic and Community Development Department was tasked with the execution of the EDSP. Staff will provide an update of the status of the EDSP.
FISCAL IMPACT:
There is no impact to the General Fund
COUNCIL GOAL:
Economic Opportunity for All
ATTACHMENTS: