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

  2. Jonathan D. Mendelson ’97 FOTB Board President FOTB Annual Meeting

  3. Agenda • Call to order • Year in Review • Recap of Activities • Financial outlook • Other business • Endowment • Adjourn

  4. Call to Order • Select meeting secretary • Establish quorum • Elect president • Review minutes from last year

  5. Year in Review • Slight expense increase • Fundraising improves • Student leadership takes initiative • Possible new support from Administration

  6. Fundraising Improves • Mailing schedule returns to normal • FOTB mailing list still needs updating • Capital expenditures can increase

  7. Two mailings before end of tax year Mailing Schedule • Typical mailing schedule • September: Appeal 1 • December: Appeal 2 • May: Reunions Announcement

  8. Operating Fund Results • Reverses 2003 dip • 189 donors in 2004 (Avg gift: $76) • Does not include Endowment

  9. 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

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

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

  12. 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

  13. 541-1890 (Band) ($10,401.82) Improvement over previous years (debt over $25K) $10,000 repayment in FY04 already 645-2036 (FOTB) $15,919.79 Improved fundraising allows for flexibility Finally turning the corner on FY2000 capital expenditures Financial Analysis: Balances

  14. End-of-year Expenses • Reunions meals for undergraduates • FOTB Board Meeting • Reunion tent and refreshments • May Princeton Upbeat mailing • Unclaimed student expenses

  15. FY2005 Outlook • Goals for next year • Undergraduate update

  16. Undergraduate Update

  17. PUB Endowment Update Book Value on 5/19/04 $104,992.55 • 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 We’ve broken the $100K mark!

  18. 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)

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