Board of Directors’ Meeting
The Cliffs Resort – Graford Texas
December 10, 2012
Meeting Minutes
Call to Order
President Bleakney called to order a meeting of the Northern Texas PGA Board of Directors at 8:05 a.m. In attendance
were the following Board Members: President Bleakney, Vice President Paul Earnest, Secretary Tony Martinez, At-Large
Director Casey Paulson, At-Large Director Courtney Connell, At-large Director Simon Buckle, At-Large Director Todd
Harbour, Metro Chapter President Craig Brown and East Texas President Ben Burns.
Staff members Mark Harrison and Ryan Kossick were also present.
Finance Report
Paul Earnest and Mark Harrison provided an overview of the Section and Foundation’s financial position through
November.
Balance Sheet
o Balance sheet reflects that we have grown our combined assets to $1.79M
o Increase of 13.5% vs. 2011
o Sizable gap between the Section total assets - $559K Foundation assets – $1.24M
Section Financial Report
o This year we projected -0.6% growth in Section’s budget – anticipated $1.86M total budget
o Projected to end the year at approximately $1.94M, 4% over budget
o Increase is primarily due to increased revenue over projections in dues, education, and primarily entry
fees and sanction fees
o The Section is on target to have a good year financially and show a small net profit primarily due to the
management of expenses
Foundation Financial Report
o This year we anticipated -2.2% growth projected in the Foundation’s budget – anticipated $1.71M total
budget
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