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Training: The 2017 budgeted amounts increased from 2016 budgeted provisions. <br />Transpo plans to use federal grants to offset most of the cost associated with training. <br />The current budget provides continued opportunities for all positions. <br />Transfer — Capital Improvement Fund /Restricted Liability Reserve: The 2017 <br />budget provides the opportunity to transfer up to $500,000 to the Capital Improvements <br />fund for future capital expenditures or deposit up to $500,000 into a restricted liability <br />reserve account, to be used pay off the second year installments on sixteen fixed route <br />vehicles. <br />➢ UPON THE ADOPTION OF THE ANNUAL BUDGET BY THE SOUTH BEND <br />PUBLIC TRANSPORTATION BOARD OF DIRECTORS, A MONTHLY BUDGET, <br />BASED ON HISTORICAL AND FUTURE TRENDS, WILL BE ESTABLISHED. <br />THIS WILL HELP FACILITATE THE MONTHLY REVIEW OF FINANCIAL <br />REPORTS BY BOARD MEMBERS AND INTERNAL MANAGEMENT. <br />5 <br />