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

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

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

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

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

6. 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

7. June 1, 2002 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. 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

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

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

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

16. June 1, 2002 Undergraduate Update

17. 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

18. 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

19. 14 classes with no donors Only one major donor

20. 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)