Meeting will begin at 9:15 am

1
Welcome!

• Meeting will begin at 915 am
• Agenda/documents at front of room
• Please enjoy some breakfast

2
FOTB Annual Meeting

• Jonathan D. Mendelson 97
• FOTB Board President

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 Secy 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
• Todays Band/FOTB Activities
• 1130 a.m. Fred Fox 39 Memorial Concert (Cannon
  Green)
• Post P-Rade Band Reunion (Fine Green)