June 1, 2002 Welcome! Meeting will begin at 9:15 am Agenda/documents at front of room Please enjoy some breakfast

June 1, 2002 FOTB Annual Meeting Jonathan D. Mendelson ’97 FOTB Board President

June 1, 2002 Agenda Call to order Financial summary Other business Endowment Adjourn

June 1, 2002 Call to Order Select meeting secretary Establish quorum Elect president Review minutes from last year

June 1, 2002 Financial Summary FY2002 budget review Capital expenditures review FY2003 outlook

June 1, 2002 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

June 1, 2002 FY2002 Integrated Financials

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

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

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

June 1, 2002 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

June 1, 2002 Capital Expenditures New silver sousaphones Traded in old equipment towards purchase of new items

June 1, 2002 Current Inventories 124 blazers 95 pairs trousers –Extra size 40+ –Need more size rugby shirts 40 pairs shoes Plenty of button-down shirts 18 boaters — probably will order more 110 neckties 91 raincoats 20 flasher jackets

June 1, 2002 FY2002 Review Reduced capital projects Begin transfers to student account Increased focus upon recruiting needs

June 1, 2002 FY2003 Outlook Goals for next year Undergraduate update

June 1, 2002 Undergraduate Update

June 1, 2002 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

June 1, 2002 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

14 classes with no donors Only one major donor

June 1, 2002 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)