May 31, 2003 Welcome! Meeting will begin at 9:15 am Agenda/documents at front of room Please enjoy some breakfast

May 31, 2003 FOTB Annual Meeting Jonathan D. Mendelson ’97 FOTB Board President

May 31, 2003 Agenda Call to order Year in Review –Overcoming challenges –Financial outlook Other business Endowment Adjourn

May 31, 2003 Call to Order Select meeting secretary Establish quorum Elect president Review minutes from last year

May 31, 2003 Year in Review Fundraising challenges Administrative/policy changes

May 31, 2003 Fundraising Challenges Mailings were late FOTB database shut down Bureaucracy has increased

May 31, 2003 Mailing Frustrations Typical mailing schedule –September: Appeal 1 –December: Appeal 2 –May : Reunions Announcement Two mailings before end of tax year Actual FY03 mailing schedule –September  December –December  February –May (unchanged)

May 31, 2003 Fundraising Results Worst performance in five years Comparisons –$3,953 below average –$5,691 below previous year Explanations

May 31, 2003 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

Endowment income makes up for shortfalls Awaiting Dean of Students Spring 2003 transfer

Student reimbursements probably outstanding Dining costs significantly exceed last year

2003 Net flows depend upon Reunions –Revenue from gigs –Expenses (Dead Week meals, rentals) May achieve a break-even year

May 31, 2003 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

May 31, 2003 FY2003 Outlook Goals for next year Undergraduate update

May 31, 2003 Undergraduate Update

May 31, 2003 PUB Endowment Update Commitment –Began with $15,000 transfer –Recording Sec’y: $50,000 by FY2003 5/27/03 book value: $95, Earned income of over $3,500

May 31, 2003 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)