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Vehicular and Operating: Vehicular and other insurances costs have increased over <br />the 2020 budget. This was due to an increase in vehicle liability insurance over the last <br />year. Fuel cost per gallon decreased from the prior year amounts to $1.96 per gallon for <br />both diesel and unleaded fuels. Transpo's CNG usage for fixed route vehicles has <br />increased and will continue to do so as diesel vehicles, that have exceeded their useful <br />life, are replaced with CNG. Transpo anticipates receipt of at least six new fixed route <br />CNG vehicles in 2021. <br />The 2021 <br />budget does not provide the opportunity to transfer funds into the capital account to fund <br />capital purchases. If at the end of 2021, a budget surplus would occur, the surplus <br />would be transferred to the capital account to fund 2022 capital purchases. <br />➢ UPON THE ADOPTION OF THE ANNUAL BUDGET BY THE SOUTH <br />BEND PUBLIC TRANSPORTATION BOARD OF DIRECTORS, A <br />MONTHLY BUDGET, BASED ON HISTORICAL AND FUTURE TRENDS, <br />WILL BE ESTABLISHED. THIS WILL HELP FACILITATE THE MONTHLY <br />REVIEW OF FINANCIAL REPORTS BY BOARD MEMBERS AND <br />INTERNAL MANAGEMENT. <br />