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  1. Welcome! • Meeting will begin at 9:15 am • Agenda/documents at front of room • Please enjoy some breakfast

  2. Jonathan D. Mendelson ’97 FOTB Board President FOTB Annual Meeting

  3. Agenda • Call to order • Year in Review • Overcoming challenges • Financial outlook • Other business • Endowment • Adjourn

  4. Call to Order • Select meeting secretary • Establish quorum • Elect president • Review minutes from last year

  5. Year in Review • Fundraising challenges • Administrative/policy changes

  6. Fundraising Challenges • Mailings were late • FOTB database shut down • Bureaucracy has increased

  7. 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)

  8. Fundraising Results • Worst performance in five years • Comparisons • $3,953 below average • $5,691 below previous year • Explanations

  9. 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

  10. Endowment income makes up for shortfalls • Awaiting Dean of Students Spring 2003 transfer

  11. Student reimbursements probably outstanding • Dining costs significantly exceed last year

  12. 2003 Net flows depend upon Reunions • Revenue from gigs • Expenses (Dead Week meals, rentals) • May achieve a break-even year

  13. 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

  14. FY2003 Outlook • Goals for next year • Undergraduate update

  15. Undergraduate Update

  16. 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

  17. 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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