May 29, 2004 Welcome! Meeting will begin at 9:15 am Agenda/documents at front of room Please enjoy some breakfast

May 29, 2004 FOTB Annual Meeting Jonathan D. Mendelson ’97 FOTB Board President

May 29, 2004 Agenda Call to order Year in Review –Recap of Activities –Financial outlook Other business Endowment Adjourn

May 29, 2004 Call to Order Select meeting secretary Establish quorum Elect president Review minutes from last year

May 29, 2004 Year in Review Slight expense increase Fundraising improves Student leadership takes initiative Possible new support from Administration

May 29, 2004 Fundraising Improves Mailing schedule returns to normal FOTB mailing list still needs updating Capital expenditures can increase

May 29, 2004 Mailing Schedule Typical mailing schedule –September: Appeal 1 –December: Appeal 2 –May: Reunions Announcement Two mailings before end of tax year

May 29, 2004 Operating Fund Results Reverses 2003 dip 189 donors in 2004 (Avg gift: $76) Does not include Endowment

May 29, 2004 FY2004 Financial Review Books do not close until 6/30/03 Improvements in many areas –Reduced expenditures will allow decrease of debt –Importance of Band Treasurer’s role Distortions –University income not in sync –Many expenses will not hit accounts until late June or early July

Endowment income over $4,400 Special one-time transfer from VP Dickerson Financial Analysis: Inflows

Over $5,000 in operating expenses have not posted Capital expenditures will triple by end of year Financial Analysis: Outflows

Financial Analysis: Summary FY2004 Net flows depend upon end-of-year items May achieve a cash-flow positive year Hope to pay down $3K-$4K in debt

May 29, 2004 Financial Analysis: Balances (Band) ($10,401.82) Improvement over previous years (debt over $25K) $10,000 repayment in FY04 already (FOTB) $15, Improved fundraising allows for flexibility Finally turning the corner on FY2000 capital expenditures

May 29, 2004 End-of-year Expenses Reunions meals for undergraduates FOTB Board Meeting Reunion tent and refreshments May Princeton Upbeat mailing Unclaimed student expenses

May 29, 2004 FY2005 Outlook Goals for next year Undergraduate update

May 29, 2004 Undergraduate Update

May 29, 2004 PUB Endowment Update Exceptional Progress –Began with $15,000 transfer in 1999 –Met $50,000 requirement 2 years early FY04 Details –$7,739 in contributions –81 donors –Earned $4,400 towards budget Book Value on 5/19/04 $104, We’ve broken the $100K mark!

May 29, 2004 Adjourn Final comments/questions Set meeting date/time for next year Today’s Band/FOTB Activities –11:00 a.m. Fred Fox ’39 Memorial Concert (Cannon Green) –Post P-Rade Band Reunion (South of Eno Hall)