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Welcome!. Meeting will begin at 9:15 am Agenda/documents at front of room Please enjoy some breakfast. Jonathan D. Mendelson ’97 FOTB Board President. FOTB Annual Meeting. Agenda. Call to order Year in Review Overcoming challenges Financial outlook Other business Endowment Adjourn.

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Welcome

Welcome!

  • Meeting will begin at 9:15 am

  • Agenda/documents at front of room

  • Please enjoy some breakfast


Jonathan d mendelson 97 fotb board president

Jonathan D. Mendelson ’97

FOTB Board President

FOTB Annual Meeting


Agenda

Agenda

  • Call to order

  • Year in Review

    • Overcoming challenges

    • Financial outlook

  • Other business

  • Endowment

  • Adjourn


Call to order

Call to Order

  • Select meeting secretary

  • Establish quorum

  • Elect president

  • Review minutes from last year


Year in review

Year in Review

  • Fundraising challenges

  • Administrative/policy changes


Fundraising challenges

Fundraising Challenges

  • Mailings were late

  • FOTB database shut down

  • Bureaucracy has increased


Mailing frustrations

Two mailings before end of tax year

Mailing Frustrations

  • Typical mailing schedule

    • September: Appeal 1

    • December: Appeal 2

    • May : Reunions Announcement

  • Actual FY03 mailing schedule

    • September  December

    • December  February

    • May (unchanged)


Fundraising results

Fundraising Results

  • Worst performance in five years

  • Comparisons

    • $3,953 below average

    • $5,691 below previous year

  • Explanations


Fy2003 financial review

FY2003 Financial Review

  • Books do not close until 6/30/03

  • Improvements in many areas

    • Reduced expenditures due to debt

    • Minimal capital expenditures

  • Distortions

    • University income not in sync

    • Many expenses will not hit accounts until late June or early July


Welcome

  • Endowment income makes up for shortfalls

  • Awaiting Dean of Students Spring 2003 transfer


Welcome

  • Student reimbursements probably outstanding

  • Dining costs significantly exceed last year


Welcome

  • 2003 Net flows depend upon Reunions

    • Revenue from gigs

    • Expenses (Dead Week meals, rentals)

  • May achieve a break-even year


End of year expenses

End-of-year Expenses

  • Reunions meals for undergraduates

  • FOTB Board Meeting

  • Reunion tent and refreshments

  • May Princeton Upbeat mailing

  • Revenue from reunions gigs

  • Spring 2003 University allocation


Fy2003 outlook

FY2003 Outlook

  • Goals for next year

  • Undergraduate update


Undergraduate update

Undergraduate Update


Pub endowment update

PUB Endowment Update

  • Commitment

    • Began with $15,000 transfer

    • Recording Sec’y: $50,000 by FY2003

  • 5/27/03 book value: $95,763.35

  • Earned income of over $3,500


Adjourn

Adjourn

  • Final comments/questions

  • Set meeting date/time for next year

  • Today’s Band/FOTB Activities

    • 11:30 a.m. Fred Fox ’39 Memorial Concert (Cannon Green)

    • Post P-Rade Band Reunion (Fine Green)


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