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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 Overcoming challenges 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 • 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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