The MSGA 2013 Annual Meeting agenda includes: - Call to order by President Rondel Reynolds and determining attendance - Accepting minutes from 2012 annual meeting - Reports from Treasurer Brian Bickford, Scholarship Fund chair Alan Bouchard, Executive Director Nancy Storey, President Ron Reynolds, and Nominating Committee chair Dan Hourihan - Old and new business - Adjournment and election of officers for the board of directors - Recognition of 2013 golf champions and special recognition

1. The MSGA Welcomes you to the 2013
Annual Meeting

3. MAINE STATE GOLF ASSOCIATION, INC.
ANNUAL MEETING AGENDA
The Annual Meeting of the Maine State Golf
Association, Inc. will be held at Maine Golf House in
Cumberland, Maine, on Thursday, October 10, 2013 at
6 PM.
The Order of Business shall be as follows:
 Call to Order by President Rondel Reynolds
 Attendance shall be determined by authorized
voting clubs
 Acceptance of minutes of 2012 Annual Meeting

4. MAINE STATE GOLF ASSOCIATION, INC.
ANNUAL MEETING AGENDA
Reports:





Treasurer’s Report
MSGA Scholarship Fund
Executive Director’s Report
President’s Report
Nominating Committee report
Brian Bickford
Alan Bouchard
Nancy Storey
Ron Reynolds
Dan Hourihan

5. MAINE STATE GOLF ASSOCIATION, INC.
ANNUAL MEETING AGENDA
 Old Business
 New Business
 Adjourn (At the conclusion of the evening’s
program, the Board of Directors will convene
to elect officers for a two year term.)
 Recognition of Champions
 Special Recognition

6. Treasurer’s Report
by Brian Bickford

7. Maine State Golf Association, Inc.
Statement of Financial Position, December 31, 2012 and 2011
Assets
2012
2011
$188,006
3,232
875
$504,790
2,790
398
350,000
--
Current Assets:
 Cash and equivalents
 Other receivables
 Prepaid Expenses
 Investments
Total Current Assets
$542,113
$507,978

8. Maine State Golf Association, Inc.
Statement of Financial Position, December 31, 2012 and 2011
Property and equipment:
• Office equipment/furniture
30,107
• Building & Improvements 568,987
• Landscape improvement
25,000
• Accumulated depreciation
(95,478)
Total property and equipment, net
528,616
2012
Total Assets:
$1,070,729
28,881
563,916
-(81,110)
511,687
2011
$1,019,665

9. Statement of Financial Position, 2012 and 2011
Liabilities and Net Assets
2012
2011
Current Liabilities:
–
–
–
–
–
Account payable
Vouchers payable
Current portion note payable
Due to Scholarship Fund
Other Liabilities
Total current liabilities
14,335
194,102
13,143
26,100
4,290
1,712
197,137
13,612
-1,547
251,970
214,008
Non-current liabilities:
– Long-term portion of note payable
Total noncurrent liabilities
Total Liabilities
418,782
433,090
418,782
433,090
$670,752 $647,098

10. Statements of Financial Position
Years ended December 31, 2012 and 2011
Liabilities and Net Assets
Net Assets:
• Unrestricted
• Temporarily restricted
• Permanently restricted
Total Net Assets
2012
399,072
905
-399,977
2011
372,567
--372,567
Total liabilities and net assets:
$1,070,729 $1,019,665

11. Statement of Activity
Years ended December 31, 2012 and 2011
2012
2011
Revenues:
 Entry fees and other revenue
979,353
 Other income
42,635
 Net assets released from restriction
--
956,646
34,495
--
Total revenues and net assets released from restrictions
$1,021,998 $991,141

12. Statement of Activity
Years ended December 31, 2012 and 2011
2012
2011
Expenses:
 Direct Expenses
 General and admin. expenses
707.012
288,471
660,607
278,043
Total Expenses
995,483
938,650
26,505
52,491
905
--
27,410
$372,567
52,491
$320,076
Increase in unrestricted net assets
Temp restricted net assets:
Total change in net assets
Net assets, beginning of year
Net assets, end of year:
$399,977 $372,567

14. Scholarship Fund
Treasurer’s Report
by Alan Bouchard

15. MSGA Scholarship Fund
Statement of Operations, December 31, 2012 and 2011
Income
 MSGA Contributions
 Outside Contributions
 Interest Income
 Realized Gain/Loss on Investments
 Mortgage Interest Income
Total Income
2012
$76,000
21,371
5,616
18,799
23,830
2011
$70,000
8,758
9,096
33,284
5,611
145,616 126,749

16. MSGA Scholarship Fund
Statement of Operations, December 31, 2012 and 2011
Direct Expenses
 Scholarship Awards
Total Direct Expenses
2012
57,800
2011
53,700
57,800
53,700
-2,022
-(167)
96
651
1,000
3,174
1,129
334
-1,021
2,602
6,658
85,214
66,391
Expenses
•
•
•
•
•
•
Contributions
Investment Management Fees
Annual Banquet
Insurance
Foreign Tax payments
Outside Services
Total Expenses
Net Increase in Assets

17. MSGA Scholarship Fund
Statement of Financial Condition, December 31, 2012 and 2011
Assets
2012
2011
 Cash – Checking
 Cash – MMA
52,413
741
108,271
741
53,154
109,012
366,601
244,418 (a)
Total Cash
Investments
• Investments HM Payson
Total Investments
366,601
244,418
(a) 2011 Investments were held by Commonwealth Financial

18. MSGA Scholarship Fund
Statement of Financial Condition, December 31, 2012 and 2011
Other Assets
2012
2011
 Mortgage Receivable
 Due from the MSGA
431,925
26,000
446,702
--
Total Other Assets
TOTAL ASSETS
457,925
872,311
446,702
800,132
872,311
5,369
787,098
13,034
Liabilities & Fund Balances
• Fund Balance
Unrealized Gain/Loss on Investments
Total Liabilities & Fund Balance:
$877,680
$800,132

20. Executive Director’s
Report
by Nancy Storey

22. President’s Report
by Rondel Reynolds

24. Nominating Committee Report
by Dan Hourihan, Chair, Nominating Committee
Pursuant to the MSGA By-Laws, Section 5.02, the Nominating Committee of the Maine
State Golf Association, Inc. has fulfilled its obligations in presenting its list of nominations
in writing to the Board of Directors not later than 30 days prior to the Annual Meeting.
By Consensus, the Committee selections for nomination for the Maine State Golf
Association year 2013-2014 Board of Directors are:
Joe Alvarez
Alan Bouchard
Marty Duffy
Dan Hourihan
Michael Moore
Mark Plummer
Bob Timmins
Brian Bickford
Marty Crowe
Jeff Harris
Romeo Laberge
Michael Pearce
Charles Swett
Lowell Watson
The Nominating Committee recommends there be three additions of Directors, for a
total of 17. 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

25. MSGA Business
–Old Business
–New Business

26. MSGA Business
–Adjourn
–Recognition of 2013 Champions

28. 2013 Club Team Champions

29. 2013 Father-Son Champions

30. 2013 Senior Two-Man Champions

31. 2013 Amateur Champion

32. 2013 Class B Champions

33. 2013 Class C Champion

34. 2013 Charlie’s Maine Open Champion

35. 2013 Charlie’s Maine Open Amateur Champion
•Champion Tom
Bean with
Tournament
Sponsor Steve
Shuman

36. 2013 Junior Champions

37. 2013 Junior Champions
Congratulations
to all who
participated!

38. 2013 Mixed Champions
O’ My!

39. 2013 Senior Champion

40. 2013 Match Play Champion

41. 2013 Two-Man Champions

42. 2013 Mid-Am Champion

43. 2013 Tri-State Champions!
From left to right: Brian Bilodeau, Andrew Slattery, Craig
Chapman, Mike O’Brien, Joe Alvarez, Curt Jordan, Mike Doran, Matt
Creenleaf, Jim Van Fleet, Gary Manoogian, Mark Plummer, Jack
Wyman, Ricky Jones and Lowell Watson.

44. 2013 Player of the Year

45. 2013 Senior Player of the Year

47. For attending the 2013 Meeting of the MSGA!
We look forward to working with you in the future for the
betterment of the Game of Golf!