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March 18, 2010 Page 3 and open space are numerous and well known. Less well known reasons are increased economic activity, expanded employment activity, and the District's economic value to our community, region and state, which Friedl said, are the focuses of Dr. Damooei's report. Damooei's presentation—" An Economic Engine of Ventura County and State of California'—provided District background, study methodology and local, county and statewide data. He said that his research indicates that the District is an economic engine of Ventura County. It fuels output, tax revenue and job creation, both through its direct budgetary expenditures, and indirectly through affiliated organizations that use its facilities, visitors who are brought to the area for activities, and volunteers who freely donate their creative energy to community causes. Damooei said that due to all the impacts that are hard to measure, the calculations only represent a baseline for the true economic impact of the agency. Damooei expressed his gratitude to staff for their time and help. Board members stated their appreciation of the report calling it timely, enlightening and valuable. Jacobsen opined that senior volunteerism is greater than that which is reflected in the data. Staff indicated that they will review senior volunteer data. Friedl thanked Damooei and said that the information will be shared with professional organizations, the City of Thousand Oaks, and the Conejo Valley Unified School District. B. Approve Updated Five Year Strategic Plan (2010-2014) Friedl provided background information_ He stated that in January staff provided an overview of the District's progress toward reaching its strategic goals. On February 18, the Board held a Strategic Planning Study Session. On March 4 the Board reviewed the written strategic goals and made several additions and modifications to the strategic goals. He referenced the document and highlighted the proposed modifications and said that, if approved by the Board, the plan will be published and posted on the District website. Friedl said that the Strategic Plan will be reviewed every year. It was agreed that the Strategic Plan is an ongoing process and staff and the Board are encouraged to identify ideas for discussion and possible future incorporation into the document.