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NMVanpools Annual Board Meeting - April 22, 2017

Join us for the NMVanpools Annual Board Meeting on April 22, 2017. The meeting will include introductions, ratification of officers, business updates, new business discussions, and open floor discussions. Don't miss out on this important event!

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NMVanpools Annual Board Meeting - April 22, 2017

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  1. NMVanpools Annual Board Meeting April 22, 2017

  2. Agenda • Introduction and Welcome • Rick Goshorn, President • Ratification of Officers for 2017 • Rick Goshorn, President • Business Update • Mike Shepherd, Administrator • New Business and Open Floor Discussions • Mike Shepherd, Administrator • Close • Rick Goshorn, President

  3. Ratification of Officers Selby Lucero – Only candidate for VP/Secretary Joe Szalczinger – Only candidate for Project Director

  4. 2016 Business Updates • Ridership • ~310 Riders down ~8 from 2016 • Currently have 29 routes, down 3 from 2016 • Additional route slated to close June 1, 2077 • Plus 1 Spare at Car-ER • Current ownership • Sold 2 full-size vans in last 12 months • Have 4 15 passenger vans and 1 mini-van • Mileage on owned vans 150K to 210K • Other changes • Updated entire website and moved to new server • Started replacing leased vans with 2015/2016 Ford Trailblazers. • Ride better – seating size terrible

  5. 2016 Income vs. Expenses • Income $ 524,648 • Expenses before depreciation ($532,314) • Net before depreciation ($ 7,666) • As compared to $14,866 in 2015 • Net income after $37K in depreciation expenses = ~($44K) as compared to ~($34K) in 2015

  6. 2016 Old Business • Major 2015 costs elements • G&A, Administrator, Adv ~$ 30K Down • Gas & Oil ~$107K Down* • Repairs and Maintenance ~$ 72K Down** • Insurance ~$ 88K Up*** • Lease Payments ~$205K Up**** * ~$33K or 24% decrease ** Up $6K primarily due to van exchanges plus one transmission *** Up $4K plus paid $4K for repairs and vandalism **** New vans costs $50 more per month plus extended loan period to 52 months

  7. New Business • 2017 - One more lease van to replace in August 2017 • 2018 - 3 leased mini-vans will expired in October 2018 • Walter will no longer provide them, so we would have to purchase if we want to continue to provide. • 2018 – Our 2009 minivan has over 200K, hope to continue to use it till March 2018 when CD is available to replace • 2021 • 12/15 Vans leased from Walter will be up..Walter will sell business before then. • I will retire from LANL ~Jan 2021 • Undecided as to if I will continue to be administrator • Other – Open Floor Discussion • Close Meeting

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