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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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Presentation Transcript
welcome
Welcome!
  • Meeting will begin at 9:15 am
  • Agenda/documents at front of room
  • Please enjoy some breakfast
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 yearMailing 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
slide10
Endowment income makes up for shortfalls
  • Awaiting Dean of Students Spring 2003 transfer
slide11
Student reimbursements probably outstanding
  • Dining costs significantly exceed last year
slide12
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
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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