1 FINANCE, ECONOMIC DEVELOPMENT AND JOBS
MINUTES
REGULAR MEETING
January 27, 2025, 12:00 p.m.
City Hall North Conference Room A
1600 Truxtun Avenue
Members Present: Larry Koman, Chair
Eric Arias
Andrae Gonzales
City Staff Present: Christian Clegg, City Manager
Anthony Valdez, Assistant City Manager
Rick Anthony, Assistant City Manager
Josh Rudnick, Deputy City Attorney,
Julie Drimakis, City Clerk
Jennifer Byers, Economic and Community Development Director Randy McKeegan, Finance Director
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1. ROLL CALL
Meeting was called to order at 12:00 p.m.
2. PUBLIC STATEMENTS
a. Agenda Item Public Statements
None
b. Non-Agenda Item Public Statements
None
3. ADOPTION OF MINUTES
a. Adoption of the September 23, 2024, regular meeting minutes.
Moved by: Andrae Gonzales
Staff recommends adoption of minutes.
Approved
4. STAFF REPORT
2 None.
5. NEW BUSINESS
a. 2023 Audit Reports
1. Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023.
2. Agreed Upon Conditions Report for the fiscal year ended June 30, 2023.
3. Auditor Communication with Those Charged with Governance (SAS 114 Letter) for fiscal year ended June 30, 2023.
4. Independent Auditors Report – Compliance with Contractual Requirements relative to the Bakersfield Subregional Wastewater Management Plan for the year ended June 30, 2023.
5. Independent Auditors Report on Appropriations Limit Worksheet (GANN Limit) of the City of Bakersfield for the fiscal year ended June 30, 2023.
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, 2023.
7. Agreed Upon Procedures Report (Public Safety and Vital Services) for the fiscal year ended June 30, 2023.
8. Single Audit Report for the fiscal year ended June 30, 2023 Finance Director McKeegan made staff comments.
Councilmember Gonzales emphatically stated that there should never be a delay in the audit reports, and that needs to be a primary focus for staff.
Moved by: Andrae Gonzales
Staff recommends acceptance of the fiscal year 2023 audit reports Approved
b. Economic Area Program Overview and Downtown Competitive Program Overview of the existing Economic Opportunity Area (EOA) Program and selection of applications for the Downtown Competitive Program.
Economic and Community Director Byers made staff comments, provided a PowerPoint presentation, and submitted the EOA Incentive Program Activity Report.
3 Councilmember Gonzales made a motion to approve staff's recommendation with the exception of Moo Creamery, which will be award the full request.
Moved by: Andrae Gonzales
Staff recommends the Board provide direction regarding the Economic Opportunity Area Program and Competitive EOA selection
Approved
1. PowerPoint presentation by ECD
2. EOA Incentive Program Activity Report
Submitted by ECD
6. COMMITTEE COMMENTS
None.
7. ADJOURNMENT
Meeting was adjourned at 1:27 p.m.
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LARRY KOMAN, CHAIR
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JULIE DRIMAKIS, CITY CLERK