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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. FOTB Annual Meeting. Agenda. Call to order Year in Review Recap of Activities Financial outlook Other business Endowment Adjourn.

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Welcome!

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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 • Recap of Activities • 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 • Slight expense increase • Fundraising improves • Student leadership takes initiative • Possible new support from Administration

  6. Fundraising Improves • Mailing schedule returns to normal • FOTB mailing list still needs updating • Capital expenditures can increase

  7. Two mailings before end of tax year Mailing Schedule • Typical mailing schedule • September: Appeal 1 • December: Appeal 2 • May: Reunions Announcement

  8. Operating Fund Results • Reverses 2003 dip • 189 donors in 2004 (Avg gift: $76) • Does not include Endowment

  9. FY2004 Financial Review • Books do not close until 6/30/03 • Improvements in many areas • Reduced expenditures will allow decrease of debt • Importance of Band Treasurer’s role • Distortions • University income not in sync • Many expenses will not hit accounts until late June or early July

  10. Financial Analysis: Inflows • Endowment income over $4,400 • Special one-time transfer from VP Dickerson

  11. Financial Analysis: Outflows • Over $5,000 in operating expenses have not posted • Capital expenditures will triple by end of year

  12. Financial Analysis: Summary • FY2004 Net flows depend upon end-of-year items • May achieve a cash-flow positive year • Hope to pay down $3K-$4K in debt

  13. 541-1890 (Band) ($10,401.82) Improvement over previous years (debt over $25K) $10,000 repayment in FY04 already 645-2036 (FOTB) $15,919.79 Improved fundraising allows for flexibility Finally turning the corner on FY2000 capital expenditures Financial Analysis: Balances

  14. End-of-year Expenses • Reunions meals for undergraduates • FOTB Board Meeting • Reunion tent and refreshments • May Princeton Upbeat mailing • Unclaimed student expenses

  15. FY2005 Outlook • Goals for next year • Undergraduate update

  16. Undergraduate Update

  17. PUB Endowment Update Book Value on 5/19/04 $104,992.55 • Exceptional Progress • Began with $15,000 transfer in 1999 • Met $50,000 requirement 2 years early • FY04 Details • $7,739 in contributions • 81 donors • Earned $4,400 towards budget We’ve broken the $100K mark!

  18. Adjourn • Final comments/questions • Set meeting date/time for next year • Today’s Band/FOTB Activities • 11:00 a.m. Fred Fox ’39 Memorial Concert (Cannon Green) • Post P-Rade Band Reunion (South of Eno Hall)

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