Test Membership Report Vol.1 | Page 59

Board of Directors’ Meeting NTPGA Section Office – Dallas, Texas September 9, 2012 Meeting Minutes Call to Order President Bleakney called to order a meeting of the Northern Texas PGA Board of Directors at 3:00 p.m. In attendance were the following Board Members: President Bleakney, Vice President Paul Earnest, Secretary Tony Martinez, District 12 Director Ronny Glanton, At-Large Director Casey Paulson, At-Large Director Courtney Connell, Metro Chapter President Craig Brown, East Texas President Ben Burns and West Texas Chapter President, Jason Hase. Staff members Mark Harrison, Ryan Kossick and Justin Bailey were also present. PGA of America Report District 12 Director, Ronny Glanton, provided an overview of activities with the PGA of America and he recommended the Board review the materials provided. He provided an update on the CEO Succession Plan and timing and he felt like an announcement would not come until the Annual Meeting in November. Ronny also provided an update of the candidates running for Secretary and he felt like Paul Levy and Randy Hunt were slightly ahead of the other candidates with approximately eight weeks remaining until the election. Mr. Glanton also reviewed the six resolutions slated for discussion / action at the 96th Annual Meeting. The Board discussed each of the six resolutions in detail and came to the following consensus following the discussion: Resolution 1 (Reconcile MSR Requirements): In Favor Resolution 2 (All B-6’s to register and earn credits under an A-14 at a “PGA Recognized Facility”: Generally Opposed – Further discussion needed Resolution 3 (Allow Apprentices to earn credits as a college golf coach): Opposed Resolution 4 (Require meeting attendance in new MSR): Generally Opposed – Further discussion needed Resolution 5 (Retroactively award experience credits following suspension): Generally Opposed – Further discussion needed Resolution 6 (Apprentice grace period for eligible employment): In Favor Finance Report Paul Earnest and Mark Harrison provided the following overview on the Section and Foundation financials: o Section assets are at $779,661, which is up $157,598 or 25 percent from the same time in 2011. The significant increase is related when income has been received and the timing of when expenses are paid o Foundation assets are at $1,150,954, which is up $234,978 or 26 percent due primarily due to membership, tournament and fundraising revenue being up o Total combined assets are at $1,930,616 which is up $392,576 or 26 percent. o General on target, or slightly ahead in many categories for both the Section and Foundation. Anticipate a slight net for the Section and a sizable net for the Foundation, primarily related to the Deloitte endowment scholarship program that continues to grow 58