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NMVanpools

NMVanpools. Annual Board Meeting March 29, 2014. Agenda. Introduction and Welcome Rick Goshorn, President Ratification of Officers for 2014 Selby Lucero Old Business Mike Shepherd, Administrator New Business and Open Floor Discussions Mike Shepherd, Administrator Close

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NMVanpools

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  1. NMVanpools Annual Board Meeting March 29, 2014

  2. Agenda • Introduction and Welcome • Rick Goshorn, President • Ratification of Officers for 2014 • Selby Lucero • Old Business • Mike Shepherd, Administrator • New Business and Open Floor Discussions • Mike Shepherd, Administrator • Close • Rick Goshorn, President

  3. Ratification of Officers Rick Goshorn – Only Candidate for President Marcene Phillips – Only Candidate for Treasurer Ken Thom – Only Candidate for Project Coordinator

  4. Old Business • Ridership • ~403 Riders down about 7 from 2012 • Currently have 35 routes as compared to 32 this time last year • 1 Spare at Ethridge • Closed only remaining SF to LANL van in Nov 2013 • Added 3 mini-van routes in 2013 • Sold one 2005 mini van and 2008 15 Passenger van

  5. Income vs. Expenses • Income $ 660,572 • Expenses before depreciation ($ 594,421) • Net before depreciation $ 66,151 • As compared to $63,020 in 2013 • Net income after $56K in depreciation expenses = ~$10K as compared to ~5K in 2012

  6. Old Business • Major 2013 costs elements • G&A, Administrator, Adv ~$ 48K Up* • Gas & Oil ~$216K Down • Repairs and Maintenance ~$ 76K Up • Insurance ~$ 62K Down • Lease Payments ~$182K Up** • Van Payments ~$ 47K Same*** * $300 a month increase to admin. In October 213. Higher bank processing fees due to more people paying with debit cards (Federal Program) ** Leased an additional 3 mini vans at ~$481.50 each per month *** 6 vans payoff in May 2015. Saving ~$4K a month or $49K a year • Alb/RR to SF vans continue to struggle to retain members

  7. New Business for 2014 • Request for additional mini-vans • Las Cruses to El Paso – Federal Employees • Dulce to Chama – School Employees • Finalize and vote on new procedures and by-laws • Other – Open Floor Discussion • Close Meeting

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