3. 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 thereof
Agenda:
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
5. Maine State Golf Association, Inc.
Statement of Financial Position, December 31, 2011 and 2010
Assets 2011 2010
Current 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
6. Statement of Financial Position, 2011 and 2010
Liabilities and Net Assets 2011 2010
Current 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 214,008 284,852
Non-current liabilities:
• Long-term portion of note payable 433,090 --
Total liabilities $ 647,098 284,852
Net Assets:
• Unrestricted 372,567 320,076
• Restricted assets -- --
Total Net Assets 372,567 320,076
Total Liabilities and Net Assets $ 1,019,665 604,928
7. 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: 938,650 995,770
Increase/(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
18. Nominating Committee Report
by 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
33. Maine Tri-States Team
Judd 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 Alvarez
Not Pictured: Randy Berry, Reese McFarlane, Brad Smith