May 18, 2022

Bakersfield College Foundation
Finance & Investment Committee Meeting

Wednesday, May 18, 2022 – 4:00 pm
Zoom link for public attendance: https://cccconfer.zoom.us/webinar/register/WN_LKQ02HnwQliRvNxcaMk1QA

  1. Call to Order – Marko Zaninovich

  2. Roll Call – Kylee Gregory-Gutierrez

  3. Public Comments Statement – Marko Zaninovich –          

    At this time, members of the public have the opportunity to address the Board of Directors on any item within the subject matter jurisdiction of the Board.  Persons wishing to make comments are allowed five minutes per item. A “Request to Address the Board of Directors” card needs to be completed and filed with the Executive Secretary prior to speaking.

    Please note that the Board cannot take action on any items not on the agenda, with certain exceptions as outlined in the Brown Act.  Matters brought before the Board that are not on the agenda may, at the Board’s discretion, be referred to staff or placed on the next agenda for Board consideration.

    The Board requests that the public speak on matters which are on this agenda at the time that the item is considered by the Board.

  4. Approval of Minutes from Thursday, February 16, 2022 – Marko Zaninovich – Motion

  5. Investment Report – UBS Team

  6. Audit Report – Mike Giacomini – Motion – Review of audit report for fiscal year 20/21

  7. 3rd Qtr. Financial Update – Mike Giacomini

  8. Fiscal Year 22/23 Budget – Mike Giacomini/Susan Hubbell – Motion – Forward to BOD for Full Approval

  9. BC Foundation Banking Relationship – Cheryl Scott – Motion – Consider staff proposal to move Foundation accounts to Valley Strong Credit Union

  10. Other Business / Adjournment of Meeting


The next Board of Directors Meeting will be held
May 26, 2022, at 3:00 pm

For information regarding how, to whom, and when a request for disability-related modification or accommodation, including auxiliary aids or services, may be made by a person with a disability who requires a modification or accommodation to participate in the public meeting, contact Kylee Gregory-Gutierrez at 661-395-4800.

Any materials required by law to be made available to the public prior to a meeting of the Board of Directors of the Foundation can be inspected at the following address during normal business hours: 1801 Panorama Drive Bakersfield, CA 93305.