2012 annual meeting presentation part 2

Annual Meeting

The MSGA Welcomes you to the 2012

Today’s Golf Winners

MAINE STATE GOLF ASSOCIATION, INC.

ANNUAL MEETING AGENDA

Introductions, followed by Dinner

Call to Order by President Rondel Reynolds

Attendance shall be determined of authorized voting clubs

Review of 2011 minutes Annual Meeting and approval thereofAgenda:

Finance/Treasurer’s Report

MSGA Brian Bickford

Scholarship Fund Alan Bouchard

President’s Report, Rondel Reynolds

Executive Director’s Report, Nancy Storey

Election of Nominated Slate of Directors

Adjourn

Treasurer’s Reportby Brian Bickford

Maine State Golf Association, Inc. Statement of Financial Position, December 31, 2011 and 2010

Assets 2011 2010Current Assets:

• Cash and equivalents $ 504,790 $ 579,626• Other receivables 3,188 8,300

– Total Current Assets $ 507,978 $ 587,926

• Office Equipment and furniture 28,881 28,881• Building 563,916 --• Leasehold improvements -- 46,266• Accumulated depreciation (81,110) (58,145)

– Total property and equipment, net 511,687 17,002

Total Assets: $ 1,019,665 $604,928

Statement of Financial Position, 2011 and 2010

Liabilities and Net Assets 2011 2010Current Liabilities:

• Account payable $ 1,712 8,947 Vouchers payable 197,137 193,638

• Current portion note payable 13,612 --• Contributions payable: MGF -- 54,104• Deferred revenue -- 24,000• Other Liabilities 1,547 4,163

Total current liabilities 214,008 284,852Non-current liabilities:

• Long-term portion of note payable 433,090 --

Total liabilities $ 647,098 284,852Net Assets:

• Unrestricted 372,567 320,076• Restricted assets -- --

Total Net Assets 372,567 320,076Total Liabilities and Net Assets $ 1,019,665 604,928

Statement of Activities Years ended December 31, 2011 and 2010

• Unrestricted net assets 2011 2010– Revenues:

• Entry fees and other revenue $ 956,646 908,312• Other income 34,495 25,644• Net assets released from restrictions -- 3,023

Total revenues: $ 991,141 936,979– Expenses:

• Direct expenses 617,350 650,923• General and admin exp. 321,300 344,847

Total expenses: 938,650 995,770Increase/(Decrease) in unrestricted assets 52,491 (58,791)Net Assets, beginning of year 320,076 378,867

Net assets, end of year $ 372,567 320,076

Scholarship FundTreasurer’s Report

by Alan Bouchard

MSGA Scholarship Fund

MSGA Scholarship Fund

President’s Reportby Rondel Reynolds

Executive Director’s Report

by Nancy Storey

MSGA Business

–Old Business

–New Business

Nominating Committee Reportby Dan Hourihan, Chair, Nominating Committee

• Nominating committee report: Presentation of slate of Directors to be followed by election thereof. The number of directors will be the following 17 people:

Joe Alvarez (Penobscot Valley ) Brian Bickford (Val Halla )Alan Bouchard (The Woodlands Club) Marty Crowe (Northport )Marty Duffy (Old Marsh ) Erik Fitch (Castine) Jeff Harris (Sunday River) Dan Hourihan (Nonesuch River ) Scott Johnson (Val Halla ) Romeo Laberge (Biddeford-Saco)Michael Moore (Riverside) Michael Pearce (Portland)Mark Plummer (Augusta ) Rondel Reynolds (Mere Creek)Charlie Swett (Summit Springs ) Bob Timmins (Waterville CC)Lowell Watson (Portland )Openings will be filled in accordance with the By-Laws, with the approval of the

MSGA Board of Directors, until the next Annual Meeting.

Motion to accept the Nominating Committee report & elect the slate of Directors

MSGA Business

–Adjourn

–Recognition of 2012 Champions

2012 MSGA Championship Winners

Club Team ChampionshipAugusta CC

Mark Plummer, Jim Quinn, Tom Bean, Jason Gall

Father-Son ChampionshipJon Martin & Greg Martin

Charlie’s Maine Open Amateur Champion – Jack Wyman

Sponsor – Charlie ShumanOverall Champion – Dustin Cone

Maine Pro Champion– Jeff Seavey

Maine Amateur ChampionshipSeth Sweet

B & C Championship

Maine Junior Championship

Maine Junior Championship

New England Junior Championship Team

Match Play Championship

Maine Senior Amateur

Two-Man Championship

Maine Mixed ChampionshipJohn & Emily Bouchard

Maine Tri-States TeamJudd Parsons, Mike Doucette, Joe Baker, Ashley Fifield, Brian Bilodeau, Matt Greenleaf, Curtis Jordan,

Andrew Slattery, Mike Doran, Mike O’Brien, Ron Dery, Lowell Watson, Joe AlvarezNot Pictured: Randy Berry, Reese McFarlane, Brad Smith

Senior Two-Man Championship

Mid-Amateur ChampionshipAshley Fifield

Maine USGA State TeamRicky Jones,

Jason Gall & Mark Plummer

USGA Pub Links QualifierBrian Bilodeau

• Shown here with Tri-State Partner Joe Alvarez at Jay Peak during Maine’s Tri-State Victory

2012 Player of the Year

Ricky Jones

2012 Senior Player of the Year

Lowell Watson

For attending the 2012 Meeting of the MSGA!We look forward to working with you in the future

for the betterment of the Game of Golf!