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  2. Finance Committee - Minutes - 10/21/2020 - P6

Finance Committee - Minutes - 10/21/2020 - P6

By dnadmin on Mon, 11/07/2022 - 13:25
Document Date
Wed, 10/21/2020 - 00:00
Meeting Description
Finance Committee
Document Type
Minutes
Meeting Date
Wed, 10/21/2020 - 00:00
Page Number
6
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_m__102120…

Alderman Klee

Thank you, Mr. Mayor. Through you Mr. Mayor, | have a question for Director Marchant. These costs or the
rate and so on as you are referring to as a variable rate and you said there’s enough money in the budget you
feel for 2021. You expect these to go forward? | think | heard you say that you are trying to do cost savings by
readjusting the bus schedules and looking at who is being picked up and so on. So maybe that would offset it
in future years. So you expect this cost to be an ongoing as years go on, is that correct. It’s not going to go
down after this COVID and so on.

Director Marchant

No so this is a revision of a 5-year contract; there’s 3 % years remaining. We are expecting the costs to go up
over the next 3 % years. Right now the City puts in about $425,000.00 of a little over a $3 million dollar budget
annually to run the transit system. So | know next year is going to be a tight budget: we will do everything we
can but there is the likelihood that we will be looking for more funds next year to help cover these additional
costs.

Alderman Klee

Thank you, that was my only question, Mr. Mayor.

Mayor Donchess

Alderwoman Lu?

Alderwoman Lu

Thank you. Director Marchant, through you to Director Marchant, so did you mean that the City contributes
$425 and the rest of it comes from the State or Fed?

Director Marchant

Public/Private partnerships, advertising revenue, yes as many sources as we can find.
Alderwoman Lu

So that’s great, thank you.

Director Marchant

You’re welcome.

Mayor Donchess

Anyone else, questions or comments? Alright, Madam Clerk could you call the roll?

A viva voce roll call was taken which resulted as follows:

Yea: Alderman Klee, Alderwoman Lu, Alderman Harriott-Gathright,
Alderman Laws, Alderman O’Brien, Mayor Donchess 6

Nay: 0
MOTION CARRIED

Page Image
Finance Committee - Minutes - 10/21/2020 - P6

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