Test Membership Report Vol.1

Northern Texas PGA Section Financial Balance Sheet December 31, 2012 December 31, 2011 Checking / Savings Accounts $124,206.92 $124,794.44 PGA Investment Account / Reserve Fund $347,358.77 $343,692.53 SEI Investment Fund $ 72,097.66 $ 63,521.78 Accounts Receivable $ $ Total Assets $544,013.35 $532,358.75 Opening Balance Equity $108,165.48 $108,165.48 Retained Earnings $424,068.27 $419,440.91 Refund Clearing $ $ Net Income $ 11,654.60 $ 4,627.36 Total Liabilities & Equity $544,013.35 $532,358.75 Assets: 350.00 350.00 Liabilities & Equity: 125.00 125.00 Northern Texas PGA Junior Golf Foundation Financial Balance Sheet December 31, 2012 December 31, 2011 Checking / Savings Accounts $103,988.04 $168,240.78 Veritex Money Market (Deloitte) $199,684.08 $ 22,567.86 PGA Investment Account (Deloitte) $497,558.96 $492,307.37 SEI Investment Fund (Deloitte) $110,824.21 $ 99,733.43 Genworth Account (Deloitte) $144,681.59 $134,009.00 Total Assets $1,056,736.88 $ 916,858.44 Opening Balance Equity $165,131.01 $165,131.01 Retained Earnings $751,727.43 $654,551.89 Net Income $139,878.44 $ 97,175.54 Total Liabilities & Equity $1,056,736.88 $ 916,858.44 Assets: Liabilities & Equity: Section and Junior Golf Foundation Combined Assets December 31, 2012 December 31, 2011 Cash Assets $ 228,204.96 $ 293,035.22 Investment Assets $1,372,555.27 $1,156,181.97 Total Assets $1,600,750.23 $1,449,217.19 9

Test Membership Report Vol.1 | Page 10