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  Rick Goshorn, President

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

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 Passenger van

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

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*** * $300 a month increase to admin. In October 213. Higher bank processing fees due to more people paying with debit cards (Federal Program) ** Leased an additional 3 mini vans at ~$ each per month *** 6 vans payoff in May Saving ~$4K a month or $49K a year Alb/RR to SF vans continue to struggle to retain members

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