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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 Financial summary Other business Endowment Adjourn. Call to Order.

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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 • Financial summary • Other business • Endowment • Adjourn

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

  5. Financial Summary • FY2002 budget review • Capital expenditures review • FY2003 outlook

  6. FY2002 Financial Review • Books do not close until 6/30/02 • Capital expenditures return to normal • Budget requirements stabilizing • Improvements in • Reimbursements • Music supplies & service • Distortions • Transportation • Reunions

  7. FY2002 Integrated Financials

  8. Endowment income increases University inflows • Strong CD sales and Reunions 2001 revenues • Awaiting Dean of Students Spring 2002 transfer

  9. Controls on student reimbursements working • FY01 CapEx and Maintenance effort paying off • Transportation misleading due to delayed posting

  10. 2002 Net flows depend upon Reunions • Revenue from gigs • Expenses (Dead Week meals, rentals) • Could come close to a break-even year

  11. FY2002 End-of-year Items • Reunions meals for undergraduates • FOTB Board Meeting • Reunion tent and refreshments • May Princeton Upbeat mailing • Revenue from reunions gigs • Spring 2002 University allocation

  12. Capital Expenditures • New silver sousaphones • Traded in old equipment towards purchase of new items

  13. Current Inventories • 124 blazers • 95 pairs trousers • Extra size 40+ • Need more size 30-36 • 80 rugby shirts • 40 pairs shoes • Plenty of button-down shirts • 18 boaters — probably will order more • 110 neckties • 91 raincoats • 20 flasher jackets

  14. FY2002 Review • Reduced capital projects • Begin transfers to student account • Increased focus upon recruiting needs

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

  16. Undergraduate Update

  17. PUB Endowment Update • Commitment • Began with $15,000 transfer • Recording Sec’y: $50,000 by FY2003 • 5/24/01 book value: $79,057 • Earned income of almost $2,500

  18. Endowment Campaign Review • Appeal to past officers in July 2001 • Direct mail will not work alone • Directors and “Class Captains” needed • Planned to fundraise last fall • Impact of 9/11 was significant

  19. 14 classes with no donors • Only one major donor

  20. 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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