May 23, 2024

Bakersfield College Foundation
Board of Directors Meeting

Thursday, May 23, 2024 @ 3:00 PM
Bakersfield College Campus Center, West Wing, 2^nd Floor, Rm. 218
1801 Panorama Drive Bakersfield, CA 93305

Present: Ariana Joven, Billie Jo Rice, Deanna Blaise, Derek Jeffery, Derek Yurosek, Erica Menchaca, Frank Wooldridge, Jerry Fliger, Ken Byrum, Lauren Skidmore, Marko Zaninovich, Norma Rojas-Mora, Paul Pavletich, Rick Kreiser, Romeo Agbalog, Sarabjeet Singh

Absent: Connie Perez-Andreesen, Jeff Bell, John Pitre, Karen Zuber, Octavio Escobedo, Ryan Hansen, Tom Ming

Staff: Cheryl Scott, Kylee Gregory-Gutierrez, Susan Hubbell, Alyssa Cross, Courtney Carter

Guests: Mark Pafford, Steven Bloomberg

1. Call to Order – Derek Yurosek called the meeting to order at 3:03 p.m.
   
   
2. Roll Call – Kylee Gregory-Gutierrez took roll call and confirmed there was a quorum.
   
   
3. Public Comments Statement – The public comments statement was read by Derek Yurosek.There were no public comments received.
   
   
4. Approval of Agenda – Motion – Item #6 was removed from the agenda. Marko Zaninovich motioned to approve the agenda as amended. Deanna Blaise seconded. All were in favor, none opposed. The agenda for May 23, 2024, is APPROVED.
   
   
5. Approval of Meeting Minutes from February 22, 2024 – Motion – There were no amendments to the meeting minutes. Paul Pavletich motioned to approve the minutes. Deanna Blaise seconded. All were in favor, none opposed. The meeting minutes for February 22, 2024, are APPROVED.
   
   
6. Quarterly Financial Review – Mike Giacomini presented the quarterly financial review. He reviewed the balance sheet, statement of revenue and expense, and the BC Foundation operating statement of revenue and expense. As of 5/16/24, the UBS portfolio is $62,706,194.
   
   
7. Proposed Fiscal Year 24/25 Budget – Mike Giacomini presented the Foundation’s budget for fiscal year 2024-2025. The primary sources of income are stewardship income, sponsorships, and major donations. Primary expenditures include salaries, software, event costs, and community sponsorships. $1.8 million is budgeted for investment earnings in FY25. The total budgeted revenue for the Foundation’s operating budget is comprised mainly of $1,020,000 (from the 2% stewardship fee) and event sponsorships of $255,000. Frank Wooldridge motioned to approve the proposed budget. Rick Kreiser seconded. All were in favor, none opposed. The proposed budget for fiscal year 24/25 is APPROVED.
   
   
8. Renegade Innovation Fund Update – Alyssa Cross updated the board on the three renegade innovation fund applications that the finance & investment committee approved. There was $71,156.34 available in funds for Spring 2024 RIF applications.
   • ASL-English Interpreting Program – The ASL program requested funding for deaf language models, industry expert visits, and conference costs. The request for $5,500 for the ASL program was approved. 
   • Theatre Arts – The Theatre program requested funding for a trip to the Oregon Shakespeare Festival. The request for $6,400 was approved.
   • Industrial Technology – The Industrial Technology department requested funding to purchase visualization technologies that will help introduce students to virtual reality, augmented reality, three-dimensional, and mixed reality experiences. The request for $8,594 was approved.
     
     
9. Nomination Committee Updates and Nominations for Board Members – Motion(s)
   
   These current board members’ terms end in 2024 and they would like to be nominated for another two-year term (2024-2026) – Motion:
   • Jeff Bell
   • John Pitre
   • Ken Byrum
   • Marko Zaninovich
   • Ariana Joven
   • Rick Kreiser (opting out)
     
     Ken Byrum motioned to nominate the listed directors for another two-year term (2024-2026). Paul Pavletich seconded. All were in favor, none opposed. The listed nominations are APPROVED.
     
     Nominations for new board members for a two-year term (2024-2026) – Motion:
     
     
   • Vinny Oddo (Estate/Trust/Business Law Atty and Partner at Klein DeNatale Goldner)
   • Dolores Salgado (Civil Engineer/Client Service Mgr at Ardurra Engineering…Service Medal honoree for her work with BC’s MESA program)
   • Patrick Wade (Owner, Precision Pharmacy, animal pharmacy…longtime supporter of BC Athletics)
   • Chris Hamilton (Business/Tax attorney with Guerrero Mears)
     
     Marko Zaninovich motioned to nominate the newly listed directors for a two-year term (2024-2026). Rick Kreiser seconded. All were in favor, none opposed. The nominations for the newly listed directors are APPROVED.
     
     Nomination for new board member for a one-year term filling the term of Megan Person (2024-2025) – Motion:
     
     
   • Robin McNabb (VP/Chief Nursing Officer, Dignity Health + BC Alumna, HOF Inductee)
     
     Marko Zaninovich motioned to nominate Robin McNabb for one-year term filling Megan Person’s vacancy. Norma Rojas-Mora seconded. All were in favor, none opposed. Robin McNabb’s nomination is APPROVED.
     
     
10. Alumni Association Update – Courtney Carter provided an update on the BC Alumni Association. She announced that the BC Alumni Hall of Fame would transition to a bi-annual event, with the next ceremony scheduled for 2025. Additionally, three new members have joined the alumni association board: Matt Munoz, Janea Benton, and Darryl Johnson. The board recently participated in the BC commencement, where they set up a “Primp and Pose” station to help graduates prepare for the stage. This station offered essentials like bobby pins for securing caps and band-aids for blisters. As a result of their efforts, nearly 300 new members joined the alumni association during graduation. She also announced that the BC Alumni BBQ and Homecoming will take place on October 19 and will be presented by Harris BBQ.
    
    
11. President’s Update – Dr. Jerry Fliger provided a brief introduction to the board and shared his genuine enthusiasm for his new role. He expressed eagerness to engage with the board and contribute to their shared goals.
    
    
12. Executive Director’s Report – Cheryl Scott expressed her excitement about collaborating with President Fliger. She noted that they have been actively engaging with community members and donors together, ensuring that President Fliger establishes a strong presence in the community.
    
    
13. Other Business / Adjournment of Meeting – KCCD Trustee Romeo Agbalog presented a new investment proposal to the board, outlining a potential partnership between the BC Foundation, KCCD, and Dignity Health. The proposal involves developing housing on district-owned land across from the Weill Institute to accommodate medical residents from the Morehouse School of Medicine. Trustee Agbalog and Chancellor Steven Bloomberg requested that this proposal be forwarded to the Finance & Investment Committee for further consideration. With no other business brought forward, the meeting was adjourned at 4:09 p.m.