2013 Annual Report

Transcription

2013 Annual Report

OUR GOLF STORY
Alberta Golf
2013 Annual Report
Engaging Every Golfer in Alberta
VISION
“Engaging Every Golfer in Alberta”
MISSION
“To promote golf as a game for life by providing valuable programs and service to our membership”
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CORE VALUES
Trusted, Responsive, Inclusive, Innovative
GROW PARTICIPATION
ENSURE EXCELLENCE
EXPAND CAPACITY
FOSTER INTERACTION
Create and promote
a desired
value proposition
Enhance core services
Develop
sustainable funding
Develop
a comprehensive
communication strategy
Expand junior golf
Results
ALBERTA GOLF ASSOCIATION
#22, 11410 27 STREET SE CALGARY
ALBERTA T2Z 3R6
PHONE 403.236.4616
FAX 403.236.2915
TOLL FREE 1.888.414.4849
[email protected]
ALBERTAGOLF.ORG
Ella Williams at the
2013 Alberta Junior Championship
Photo Credit: Alberta Golf
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Provide opportunities
and training for
volunteers and staff
Membership Dues 54%
Amateur Championships 21%
Alberta Sport Connection 8%
Casino, Other Grants & Interest 5%
Member Programs & Services 5%
Sponsorship 2%
Sport Development & GrassrootsBy the
Numbers
and High Performance 5%
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Collaborate with city,
provincial, national,
international and
allied industry partners
Financial
Analysis
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2013 Alberta Golf Directory
President’s Report
BOARD OF DIRECTORS
STAFF (AS OF SEPTEMBER 30, 2013)
GOLF CANADA
PRESIDENT
Sandra Craig, Pinebrook
EXECUTIVE DIRECTOR/CEO
Brent Ellenton
DIRECTORS AND GOVERNORS
(FROM ALBERTA)
VICE PRESIDENT
Av Beirnes, Sandpiper
ASSISTANT EXECUTIVE DIRECTOR
Matt Rollins
SECRETARY
Susan MacKinnon, Willow Park
MANAGER, OPERATIONS
Jack Lane
TREASURER
Martin Blake, Canyon Meadows
COORDINATOR, RULES & COMPETITIONS
Robert Forshner
PAST PRESIDENT & PROVINCIAL COUNCIL
REPRESENTATIVE
Tyrone Edwards, Medicine Hat
COORDINATOR, TECHNICAL PROGRAMS
Stewart Thibodeau
DIRECTORS AT LARGE
Tiffany Gordon, Cottonwood
Ken Knowles, Windermere
Tom Zariski, Dinosaur Trail
Bob McGinn, Glendale
DIRECTOR AT LARGE
Leslie Dunning, Earl Grey
GOVERNOR
Fran Marsden, Glendale
COORDINATOR, SPORT DEVELOPMENT
Tyler McConachy
TOURNAMENT INTERNS
Matteke Hutzler
Jessie Choi
PRESIDENT - ALBERTA GOLF
ASSOCIATION FOUNDATION
Florin Bergh, Highlands
HONORARY LIFE GOVERNORS
Karen Rackel, Q.C.
R. Bruce Bailey
Wayne C. Petersen
Thomas P. Wood
Harry Zuzak
Alberta Golf Staff
OFFICE ADMINISTRATOR
Anna Karpova
ACCOUNTING SERVICES
Eric Rogers
TEAM ALBERTA BOYS, HEAD COACH
Randy Robb
TEAM ALBERTA GIRLS, HEAD COACH
Dean Spriddle
2013 STANDING
COMMITTEES
AUDIT & RISK
MANAGEMENT
Martin Blake – Chair
Augie Annicchiarico
Brian Clifford
Leslie Dunning
Gary Selman
Matt Rollins*
Brent Ellenton*
GOVERNANCE
Ken Knowles – Chair
Tiffany Gordon
Peter Boland
Peter Davies
Matt Rollins*
Brent Ellenton*
HUMAN RESOURCES &
COMPENSATION
Susan MacKinnon – Chair
Sandra Craig
Bob McGinn
Matt Rollins*
Brent Ellenton*
NOMINATING
Av Beirnes – Chair
Sandra Craig
Tyrone Edwards
Susan MacKinnon
Tom Zariski
Matt Rollins*
Brent Ellenton*
2013 OPERATING
COMMITTEES
AGAF SCHOLARSHIP
Florin Bergh – Chair
Thelma Coutts
Lyle Cuthbert
Ted Thresher
Matt Rollins*
Tyler McConachy*
AGM & HOF
Tyrone Edwards – Chair
Varley Weisman
Fran Marsden
Lonny Petersen
Matt Rollins*
Jack Lane *
CHAMPIONSHIPS
Jim Richardson – Chair
Barbara Howes
Ian Baker
Fran Marsden
Robert Forshner*
Jack Lane*
FINANCE
Augie Annicchiarico – Chair
Bill McNaughton
Dan McDougall
Brent Ellenton*
Matt Rollins*
Eric Rogers*
HANDICAP & COURSE
RATING
Borden Woytkiw – Chair
Howie Jaquish
Rick Nowosad
Eileen Dubetz
Jeff Motherwell
Stewart Thibodeau*
Jack Lane*
MAGAZINE
Dunc Mills – Chair
Brent Ellenton*
Matt Rollins*
Jack Lane*
MARKETING
Bob Planidin – Chair
Greg Leniuk
Kelay Ohlhauser
Linnea Turnquist
Stewart Thibodeau*
Jack Lane*
MEMBERSHIP
Bill Bamber – Chair
Drew Dougherty
Chris Thompson
Gerry McEachern
Bette Flannigan
Stewart Thibodeau*
Jack Lane*
PLAYER SUPPORT
Tyrone Edwards – Chair
Jim Richardson
Chris Leach
Robert Forshner*
Jack Lane*
Matt Rollins*
SPORT DEVELOPMENT
Chris Leach - Chair
Sue Edwards
Doug Mulholland
Dean Spriddle
Randy Robb
Matt Rollins*
Tyler McConachy*
VOLUNTEER
DEVELOPMENT
Dunc Mills
Tom Zariski
Tiffany Gordon
Varley Weisman
Matt Rollins *
Jack Lane *
Brent Ellenton*
*Staff
IT HAS INDEED BEEN A PLEASURE AND
PRIVILEGE TO SERVE AS PRESIDENT
OF THE ALBERTA GOLF BOARD OF
DIRECTORS OVER THE PAST TWO AND
HALF YEARS. IT IS AN IMPRESSIVE
ORGANIZATION WITH A STRONG
MANAGEMENT TEAM, FOCUSED BOARD
AND AN INCREDIBLY PASSIONATE,
DEDICATED AND KNOWLEDGEABLE
GROUP OF VOLUNTEERS. I AM
CONFIDENT THAT OUR STRONG TEAM
WILL CONTINUE TO CARRY OUT OUR
MANDATE GUIDED BY OUR STRATEGIC
PLAN WHICH WILL ENSURE CONTINUED
GROWTH AND PARTICIPATION IN THE
GAME OF GOLF IN ALBERTA.
My role as President has been to lead the
board and to ensure it is focused on its
oversight of management and the delivery
of our strategic plan. Management’s role is
to focus on operational excellence and the
delivery of our strategic plan and priorities.
The roles of the board and management are
complementary, but distinct. The separation
of management and the board accountabilities
is essential to good governance. The
management team under our Executive
Director/CEO’s leadership has an operational
role, whereas the board has an oversight
role, ensuring accountability and exercising
strong and deliberate challenge through the
board decision-making process to ensure
appropriate controls are in place to implement
our strategic plan.
The board this past year devoted a great deal
of its time to reviewing, debating, challenging
and fine tuning our policies and procedures
which has allowed us to complete the
transition from an operational board to a policy
governance board. The board additionally
dealt with a wide range of other issues
including strategic direction and monitoring
business performance.
The board also placed an emphasis on
succession planning, both for the board and
management. In doing so the board was
pleased to appoint effective January 1, 2014
Matt Rollins as Alberta Golf’s ED/CEO. At
this time I especially want to thank our past
ED/CEO Brent Ellenton for his significant
contributions to Alberta Golf over his 25 years
of service and for his professionalism and
leadership in ensuring a smooth transition
for the future. Everyone at Alberta Golf will
truly miss Brent and will never forget his
contribution to our association. We are also
excited about the future of Alberta Golf and
looking forward to the contributions and
leadership that Matt and his team will provide
now and into the future.
For the first time in 2013, the board conducted
an annual performance evaluation and it is
the intent of the board to devote considerable
attention to the outcomes of this exercise,
Golf and about the way our association can
best serve the needs of our membership.
Continually at the board level the importance
of the Alberta Golf volunteer base is discussed
and the need for their involvement in
operational activities. It is always emphasized
that we will continue as an organization to
ensure that the volunteers receive sufficient
information, feedback, guidance and training
to continue to advance and enhance their
involvement with Alberta Golf. The end goal of
volunteer management is to deliver superior
service to our membership.
Sandra Craig
President
Alberta Golf
ensuring that individuals with desired traits and
skill sets are recruited and retained. I remain
confident with the overall effectiveness of
the board and the contribution each member
of the board is making, while recognizing
the need for continuous improvement and a
focus on accountability, values and strong
governance. It is our goal to ensure we have
people on our board for which governance is
not simply a set of rules: we need those who
embrace it. The boards efforts in succession
planning will continue to focus on ensuring
that the profile, skill sets, diversity and
individual qualities of our board can serve
the current and future needs of Alberta Golf
and the ever-changing environment of the
golf industry throughout Alberta. We are
committed to excellence in governance,
transparency and accountability.
In closing, all of this year’s tremendous
progress could not have been accomplished
without the support and active participation
of each director on the board. For that, I
thank you and additionally for the knowledge,
expertise, talents and commitment you have
brought to Alberta Golf. I wish to thank those
board members retiring: Martin Blake, Tyrone
Edwards and Florin Bergh. I thank you so
much for your long-term dedication and
commitment to the growth and betterment of
golf in Alberta as well as our association. To
our passionate, dedicated and knowledgeable
group of volunteers I thank you for being
the outstanding operational resource that is
required to assist our management team in
carrying out and fulfilling our Strategic Plan
and our ultimate Vision of “Engaging Every
Golfer in Alberta”. To our management team,
thank you for choosing golf as your career
path and for being the heart, soul and future of
Alberta Golf.
Finally, I would like to thank the Alberta Golf
Member Clubs’ professional staff, board
members, volunteers and membership as well
as Alberta Golf’s Sponsors for their continued
support, passion and enthusiasm for the
game. Your continuing loyalty is providing the
nucleus for the game to grow and prosper
in Alberta. As we move toward the future,
together we can ensure that golf is positioned
to deliver positive health, societal, economic
and environmental benefits for all Albertans.
Yours sincerely in golf,
Additionally this past year the board also
identified that the golf industry needs to
become more innovative and adaptable
to our changing world and that we as an
organization need to become more open to
the changes and opportunities in the future
and with this in mind the board approved the
following imperatives within our Strategic
Plan for the management team to focus
their operational efforts in 2014: Firstly to
expand the Public Player program, secondly
to develop sustainable funding and thirdly to
enhance volunteer management. The boards
discussions and deliberations regarding our
Strategic Plan are about the future of Alberta
2013 ANNUAL REPORT — 5
Executive Director/CEO’s Report
THE 2013 GOLF SEASON IN ALBERTA WAS
ONE OF UPS AND DOWNS AND ARGUABLY
ONE OF THE MOST CHALLENGING THAT
OUR INDUSTRY WILL EVER FACE. ONE
OF THE BIGGEST HIGHLIGHTS WAS
WITNESSING THE SUPPORT FOR ONE
ANOTHER DURING THE DISASTROUS
FLOOD IN JUNE. WE SAW INDUSTRY
LEADERS RALLYING ON DISASTER RELIEF
FUNDING, LOBBYING THE GOVERNMENT
AND CREATING A COMMUNICATION HUB
FOR GOLF COURSES TO BOTH ASK FOR
HELP AND OFFER HELP. GOLF COURSES
WERE SHARING STAFF AND EQUIPMENT
WITH NEIGHBORING FACILITIES THAT
WERE AFFECTED. THE GOVERNMENT
AND THE CANADIAN RED CROSS LED
THE WAY IN FUNDING INITIATIVES AND
PROVIDED TREMENDOUS DIRECTION.
THE INFECTIOUS WAVE OF SUPPORT
WAS INSPIRING AND WILL LEAVE A
GREAT LEGACY OF COMMUNITY AND
VOLUNTEERISM AS WE LOOK BACK IN
THE YEARS TO COME.
This past year we said goodbye to Brent
Ellenton and wish him a happy and healthy
retirement. Brent retired as the Executive
Director/CEO in December after 25 years
with Alberta Golf; leading initiatives such as
the amalgamation of the men’s and ladies
associations, the creation of the Alberta Golf
Hall of Fame for builders and players, growing
the association to 6 full time staff and recently
leading our transition to a policy governance
board. In 2014 Brent will be inducted into the
Hall of Fame that he helped create. Long time
competitive golfer David Shultz of Country
Hills and one of our own volunteers who has
been supporting the game for years, Sylvia
Blasken of Earl Grey, will join Brent.
Photo credit: McKenzie Meadows Golf Club
Our relationship with Golf Canada and other
industry partners is stronger than ever and we
continue to align on program development
and implementation. The staff and volunteers
at Golf Canada continue to lead our country
in innovation and also play a great supporting
role for everything we do at the provincial level.
Programs and initiatives such as CN Future
Links, National Golf in Schools and National
Junior Golf Development Centers are designed
through the lens of Long Term Athlete
Development, which allows for appropriate
skill development and competencies at
each level. These are great examples of the
leadership coming from Golf Canada with
support from the provinces and other industry
partners. Due to programs like these so many
kids are being introduced and further engaged
in the game, which gives me great comfort
in the future that golf has in our province and
around the country.
Originally founded as a volunteer run
organization, volunteers are the driving force
of golf within Canada, carrying out a myriad of
programs and services that help us to deliver
6 — ALBERTA GOLF
players and give them the necessary tools
to become provincial and national heroes.
One of the goals of Team Alberta is to help
our players advance to the National Team
Program allowing for greater one on one time
with coaches and access to international
events. This past year Alberta was fortunate
to be represented by four rising stars, having
Jennifer Ha, Matt Williams, Sabrine Garrison
and Jaclyn Lee all making the National and
Development Squads for 2014.
The relationship with member clubs and
their individual members is key. Our
communications department worked hard to
put together a comprehensive plan for how
and why we communicate certain messages.
We continue to rely on club professionals,
managers and owners to follow up with their
members regarding their contributions to
Alberta Golf and the future of the game.
Matt Rollins
Executive Director/CEO
Alberta Golf
on our vision and mission. Handicapping,
Course Ratings, Amateur Status, Rules of
Golf and Competitions continue to be core
services, which maintain the integrity of the
game. One of golfs competitive advantages
is the handicap system, where golfers of any
ability can compete on a fair and equitable
basis. We conduct competitions at all levels
and in order to name the best amateur players
in the province. Competitions have an impact
on local communities and over the years have
acted as a rallying point for the sport.
The Public Players Club drives participation
and engagement in the game. It gives the
public golfer the opportunity to belong to a
community and become educated on the
current state of the game through newsletters
and publications. One of the main goals
for the PPC is to further engage the public
player, leading them towards playing more
golf at member clubs. The program has grown
substantially since its inception and now has
upwards of 2100 members.
Most people don’t realize and understand
how much golf impacts the economy, tourism,
health and livelihood of Albertans. Following
NAGA’s economic impact study in 2009
the game of golf contributes an estimated
$1,682.5 million towards Alberta’s GDP which
includes over 50,000 jobs, $1,074.4 million in
household income, $136.9 million in property
and other indirect taxes and $265.3 million in
income taxes. The game of golf is played by
an estimated 754,000 resident golfers at over
300 golf facilities in our province. NAGA is in
the middle of gathering results from a survey
completed in 2013 and we look forward to the
reviewing the data and information related to
how impactful the game is.
Golf has so many competitive advantages over
other recreational and competitive options
for Albertans and I encourage everyone to
become an advocate for the game and share
our golf story, celebrating all of the benefits it
brings to our lives and communities. I would
like to thank the Board of Directors, staff,
committee members and the many volunteers
for their outstanding efforts in 2013. I look
forward to continuing to work with volunteers,
board members, industry partners, member
clubs, member golfers and friends of the
association as we move into 2014. I thank you
all for your support of the game this past year
and I hope to see you out enjoying the sport
this spring.
Respectfully submitted,
Team Alberta and Team Canada are key
programs for the high performance junior
golfer in our sport. They allow the opportunity
to be a part of a team atmosphere and learn
from the countries top coaches. The Team
Alberta program assists in their preparation
and development for the national stage and
supports their journey to a post-secondary
education. One of the most important aspects
of Team Alberta and Team Canada is that
the program is designed to support top
2013 Championship Results
2013 Team Results
JUNIOR QUALIFYING NORTH - GRANDE
PRAIRIE GCC, GRANDE PRAIRIE AB.
MAY 26, 2013
AMATEUR QUALIFYING NORTH - MIGHTY
PEACE GCC, PEACE RIVER AB.
JUNE 17, 2013
CANADIAN JUNIOR BOYS CHAMPIONSHIP
- TIMBERWOLF GC, GARSON ON.
JULY 30-AUGUST 2, 2013
47TH PACIFIC COAST AMATEUR
CHAMPIONSHIP - CAPILANO GCC, WEST
VANCOUVER BC. JULY 23-26, 2013
Konrad Turcotte - High Prairie GC (79)
Tyson Beaupre - The Dunes GC (73)
JUNIOR QUALIFYING CALGARY COLLICUT SIDING GC, CROSSFIELD AB.
MAY 27, 2013
AMATEUR QUALIFYING SOUTH - PICTURE
BUTTE GC, PICTURE BUTTE AB.
JUNE 17, 2013
Inter-Provincial Team Result - Stroke Play First Place
Nicholas Scrymgeour, Tyler Saunders, Ian
Mmbando (287)
Morse Cup Team Result - Stroke Play - Tenth
Place
Scott McNichol - Canyon Meadows GCC (72)
Matt Ritchot - Lethbridge CC (66)
Andrew Brown - Glencoe GCC (72)
AMATEUR QUALIFYING CALGARY WOODSIDE GC INC., AIRDRIE AB.
JUNE 17, 2013
Brendan MacDougall - Glencoe GCC (72)
Alex Corrigan - Glencoe GCC (72)
Matthew Campbell - Calgary GCC (72)
JUNIOR QUALIFYING EDMONTON - LEWIS
ESTATES GC, EDMONTON AB.
MAY 28, 2013
Brandon Hogue - Royal Mayfair GC (72)
FRANK LINDSAY ALBERTA JUNIOR BOYS
CHAMPIONSHIP - EDSON GC, EDSON AB.
JULY 2-5, 2013
Nicholas Scrymgeour - Calgary GCC (278)
Juvenile Champion
Patrick Murphy - Glencoe GCC (284)
ALBERTA JUNIOR GIRLS CHAMPIONSHIP
- PONOKA COMMUNITY GC, PONOKA AB.
JULY 2-5, 2013
Jaclyn Lee - Glencoe GCC (288)
Juvenile Champion
Jaclyn Lee - Glencoe GCC (288)
OPEN QUALIFYING NORTH - SANDPIPER
GC, STURGEON COUNTY AB. JUNE 3, 2013
Andrew Funk (Professional) - Edmonton
Petroleum GCC (65)
OPEN QUALIFYING SOUTH - OLDS
CENTRAL HIGHLANDS GC, OLDS AB.
JUNE 18, 2013
Mitch Batch (Amateur) - Coyote Creek GRVR
(71)
Chris Cooke (Amateur) - Canmore GCC (71)
ALBERTA OPEN CHAMPIONSHIP - REDTAIL
LANDING GC, NISKU AB. JUNE 25-27, 2013
Riley Fleming (Amateur) - Collicut Siding GC
(138)
Darryl James (Professional) - Shaganappi GC
(141)
ALL WEATHER WINDOWS ALBERTA MEN’S
MID-AMATEUR CHAMPIONSHIP - DESERT
BLUME GC, MEDICINE HAT AB.
JUNE 11-13, 2013
Alan Stewart - Grande Prairie GCC (215)
AMATEUR QUALIFYING CENTRAL - OLDS
CENTRAL HIGHLANDS GC, OLDS AB.
JUNE 17, 2013
Jamie Scott - Lakeside Greens GCC (73)
8 — ALBERTA GOLF
ROYALE CUP CANADIAN JUNIOR GIRLS
CHAMPIONSHIP - CHERRY DOWNS GCC,
PICKERING ON.
Jaclyn Lee, Sabrine Garrison, Brianna Carrels
(307)
Gage Murphy - Dinosaur Trail GC (70)
AMATEUR QUALIFYING EDMONTON BARRHEAD, BARRHEAD AB.
JUNE 17, 2013
CANADIAN MEN’S MID-AMATEUR
CHAMPIONSHIP - BLACKHAWK GC,
SPRUCE GROVE AB.
SEPTEMBER 3-6, 2013
Alex Rakowski - Royal Mayfair GC (70)
AMATEUR QUALIFYING EDSON - EDSON
GC, EDSON AB. JULY 1, 2013
Inter-Provincial Team Result - Stroke Play Tied Fifth Place
Patrick Gobran - Royal Mayfair GC (67)
SUN LIFE FINANCIAL ALBERTA MEN’S
AMATEUR CHAMPIONSHIP - SUNDRE GC,
SUNDRE AB. JULY 16-19, 2013
Riley Fleming - Collicut Siding GC (281)
SUN LIFE FINANCIAL ALBERTA LADIES
AMATEUR CHAMPIONSHIP- EARL GREY
GC, CALGARY AB. JULY 9-10, 2013
Jocelyn Alford - Earl Grey GC (141)
Mid- Amateur Champion - Jessica Luciuk Barrhead GC (145)
Mid-Master Champion - Chery Newman Canyon Meadows GCC (159)
SENIOR QUALIFYING NORTH - LEDUC
GCC, LEDUC AB. JULY 25, 2013
Len Powell - Alberta PPC (76)
SENIOR QUALIFYING SOUTH - ELKS GOLF
CLUB OF CALGARY, CALGARY AB.
JULY 29, 2013
Al Price - Elks GC of Calgary (69)
ALBERTA SENIOR MEN’S CHAMPIONSHIP
- CARSTAIRS GC, CARSTAIRS AB.
AUGUST 13-15, 2013
Floyd Kilgore - Mighty Peace GCC (202)
Super Senior Champion
Al Steingart - Priddis Greens GCC (238)
ALBERTA SENIOR LADIES CHAMPIONSHIP
- WILLOW PARK GC, CALGARY AB.
Jackie Little - BC PPC (224)
Super Senior Champion
Sharon Peart - Red Deer GCC (240)
Riley Fleming
2013 Alberta Open Champion
ALBERTA MEN’S MID HANDICAP
CHAMPIONSHIP - DINOSAUR TRAIL GC,
DRUMHELLER AB. AUGUST 7-8, 2013
Scott Ouellette - Olds Central Highlands GC
(160)
PPC Champion - Daryl MacKay - Alberta PPC
(167)
ALBERTA BANTAM CHAMPIONSHIP CANAL AT DELACOUR GC, DELACOUR AB.
AUGUST 21-22, 2013
Alan Stewart, David Schultz, Jesse Galvon
(298)
CANADIAN MEN’S AMATEUR
CHAMPIONSHIP - ROYAL COLWOOD GC &
GORGE VALE GC, VICTORIA BC.
AUGUST 6-9, 2013
Inter-Provincial Team Result - Stroke Play Tied Fourth Place
Riley Fleming, Evan Holmes, Jesse Galvon
(289)
ROYALE CUP CANADIAN WOMEN’S
AMATEUR CHAMPIONSHIP - CLUB DE
GOLF BELOEIL, BELOEIL QC.
JULY 23-26, 2013
Inter-Provincial Team Result - Stroke Play Fifth Place
Boys Champion - Landon Stellingwerff Glencoe GCC (147)
Jocelyn Alford, Jessica Luciuk, Jennifer Ha
(303)
Girls Champion - Sharmaine Rapisura Inglewood GCC (157)
CANADIAN MEN’S SENIOR
CHAMPIONSHIP - THE BRIARS GC,
SUTTON WEST ON.
AUGUST 27-30, 2013
GFTC LADIES TEAM CLASSIC NORTH LACOMBE GCC, LACOMBE AB.
AUGUST 28-29, 2013
Joan McDonnell and Sally Henderson (123)
GFTC LADIES TEAM CLASSIC SOUTH TURNER VALLEY GC, TURNER VALLEY AB.
AUGUST 28-29, 2013
Clara Postowski and Pattie Pelletier (122)
ALBERTA MID HANDICAP/MARG WARD
CHAMPIONSHIP - JASPER PARK LODGE
GC, JASPER AB. SEPTEMBER 4-5, 2013
Mid Handicap Champion - Brenda Johnson Royal Mayfair GC (170)
Marg Ward Champion - Mina McLeod - Grande
Cache GCC (196)
Howard Broun, Floyd Kilgore, Frank Van
Dornick (282)
ROYALE CUP CANADIAN WOMEN’S
SENIOR CHAMPIONSHIP SPALLUMCHEEN GCC, VERNON BC.
AUGUST 20-22, 2013
Riley Fleming, Scott Malo, Adam Novakowski
(293)
ALBERTA/MONTANA RYDER CUP LETHBRIDGE CC, LETHBRIDGE AB.
AUGUST 11-13, 2013
Team Result - Match Play - Boys Second
Place; Girls Second Place
Boys - Matt Ritchot, Bryce Melville, Noah
Lubberding, David Richer, Chandler McDowell,
Alexander Smith
Girls - Ella Williams, Shayne Leidenius, Tess
O’Hara, Janais Dejong, Katy Rutherford, Kenna
Hughes
JUNIOR AMERICAS CUP - WAILEA GC,
WAILEA, MAUI HAWAII. JULY 28-AUGUST
1, 2013
Team Result - Stroke Play - Eighteenth Place
Jon Fry, Noah Lubberding, Bryce Melville, Matt
Ritchot (691)
GIRLS JUNIOR AMERICAS CUP
- UNIVERSITY OF NEW MEXICO
CHAMPIONSHIP GC, ALBUQUERQUE NEW
MEXICO. JULY 28-AUGUST 1, 2013
Nic Scrymgeour & Ian Mmbando
2013 Alberta Inter-Provincial Junior Team and
National Champions (missing Tyler Saunders)
Photo Credit: Golf Canada
Team Result - Stroke Play - Twelfth Place
Devon Spriddle, Ella Williams, Katy Rutherford,
Gina Kowalchuk (699)
CANADA GAMES - MILBY GC,
SHERBROOKE QC. AUGUST 14-17, 2013 BOYS
Team Result - Stroke Play - Fourth Place
Evan Holmes, Nic Scrymgeour, Matt Williams
(590)
Individual Result - Matt Williams - Third Place
and Bronze Medal (292)
CANADA GAMES - MILBY GC,
SHERBROOKE QC. AUGUST 14-17, 2013 GIRLS
Team Result - Stroke Play - Third Place and
Bronze Medal
Sabrine Garrison, Jaclyn Lee, Devon Spriddle
(614)
Individual Result - Sabrine Garrison - Third
Place and Bronze Medal (306)
Inter-Provincial Team Result - Stroke Play Sixth Place
Lynn Kuehn, Sharon Peart, Diane Williams
(328)
Team Alberta Provincial Squad
TEAM ALBERTA 2013 BOYS PROVINCIAL
SQUAD
TEAM ALBERTA 2013 GIRLS PROVINCIAL
SQUAD
AJ Armstrong – Sturgeon Valley GC
Provincial Junior – T 22nd
National Junior – Missed Cut
Notable Achievement – Champion, McLennan
Ross Sun Tour Championship
Bria Jansen – River Spirit GC
Provincial Junior – 12th
National Junior – T 59th
Notable Finish – Champion, Provincial High
Schools Championship
Braydon Brown – Carnmoney GCC
Provincial Junior – T 11th
National Junior – T 51st
Notable Achievement – Champion, Canada
Games Qualifying
Devon Spriddle – Henderson Lake GC
National Junior – Missed due to Junior
Americas Cup
Notable Finish – Champion, Maple Leaf Junior
Tour, Paradise Canyon
Evan Holmes – Earl Grey GC
National Junior – T 62nd
Notable Achievement – Runner Up, Provincial
Amateur Championship
Geoff Fry – Pinebrook GCC
Provincial Junior – N/A
National Junior – N/A
Notable Achievement – Signed with McNeese
State University
Jack Wood – Banff Springs GC
Notable Achievement – 6th, Provincial Amateur
Championship
Sabrine Garrison
2013 Canada Summer Games Bronze Medalist
Photo Credit: Canada Games, Scott Grant
Nic Scrymgeour – Calgary GCC
Provincial Junior – Champion
National Junior – 13th
Notable Finish – 3rd, Future Links Pacific
Championship
Tyler Saunders – Glendale GCC
Provincial Junior – 2nd
Notable Finish – 8th, Future Links Pacific
Championship
Matt Codd – Red Deer GCC
Notable Finish – Champion, PGA of Alberta
Junior Masters
Patrick Murphy – Glencoe GCC
Provincial Junior – T 5th
Notable Finish – T 50th, ATB Financial PGA
Tour Canada Championship
10 — ALBERTA GOLF
Kat Kennedy – Highwood GCC
National Junior – 41st
Notable Finish – 11th, Provincial Amateur
Championship
Sabrine Garrison – Country Hills GCC
Provincial Junior – 2nd
Notable Finish – Champion, Western Future
Links Championship
Jaclyn Lee – Glencoe GCC
Provincial Junior – Champion
National Junior – 8th
Notable Finish – Champion, Prairie Future
Links Championship
Carolyn Lee – Glencoe GCC
Provincial Junior – N/A
Notable Finish – 6th, Maple Leaf Junior Tour,
Paradise Canyon
Shelby Unger – Pinebrook GCC
National Junior – T 43rd
Notable Finish – Champion, Canadian Junior
Golf Association, Carstairs
Ella Williams – Glencoe GCC
Americas Cup
Notable Finish – 11th, Provincial Amateur
Championship
Gina Kowalchuk – Henderson Lake GC
Americas Cup
Notable Finish – 3rd, Maple Leaf Junior Tour,
Paradise Canyon
PAST PRESIDENTS
ALBERTA GOLF ASSOCIATION AND
ALBERTA LADIES GOLF ASSOCIATION
AGA
1912Unknown
1913Unknown
1914Unknown
1915Unknown
1916Unknown
1917Unknown
1918Unknown
1919Unknown
1920Unknown
1921Unknown
1922Unknown
1923Unknown
1924Unknown
1925Unknown
1926Unknown
1927Unknown
1928 Unknown
1929 Unknown
1930 Unknown
1931 Unknown
1932 Unknown
1933 Unknown
1934 Unknown
1935 A.W. Matthews
1936 A.W. Matthews
1937 B.V. Massie
1938 J. Ben Cool
1939Unknown
1940 H.G. MacDonald
1941 R. Jennings
1942Unknown
1943 Gordon Love
1944 J.B. Starkey
1945 A.J. Munro
1946 Robert Ainslie
1947 P.I. Cameron
1948 Bob Borland
1949 F.C. Smith
1950 Les Miller
1951 Joe Welsh
1952 Joe Welsh
1953 Gar Lush
1954 Les Delley
1955 Les Delley
1956 Harold McMahon
1957 Harold McMahon
1958 Charles Humber
1959 Charles Humber
1960 Dave Jones
1961 Dave Jones
1962 Ed Thomas
1963 Ed Thomas
1964 Bill Tait
1965 Bill Tait
1966 Al Williams
1967 Al Williams
1968 Glen Gray
1969 Dr. E.G. (Jim) Skinner
1970 Tom Wood
1971 Bruce Bailey
1972 Bruce Bailey
1973 Babe McAvoy
1974 Charlie Scott
1975 Pat Flanagan
1976 Ken Laubman
1977 Keith Alexander
1978 Suds Summerall
1979 Gerry Marshall
1980 Ken Sharratt
1981 Bill Ough
1982 John Higgin
1983 Gerry Marshall
1984 Fred Trumble
1985 Russ Powell
1986 Mike Seniuk
1987 Richard Beavers
1988 Frank McBride
1989 Frank McBride
1990 Bruce Cinnamon
1991 Bruce Cinnamon
1992 Wayne Petersen
1993 Wayne Petersen
1994 Ken Heywood
1995 Frank Crean
1996 Dave Bohlken
1997 Rick Wood
1998 Jack Brooks
1999 Gordon Groft
2000 Fran Marsden
2001 Bryan Nuebeker
2002 Bryan Nuebeker
2003 Karen Rackel
2004 Varley Weisman
2005 Enid Botchett
2006 Les Swelin
2007 Leslie Dunning
2008 Leslie Dunning
2009 Lonny Petersen
2010 Anne Ward Neville
2011 Tyrone Edwards
2012 Sandra Craig
2013 Sandra Craig
ALGA
J.R. Henley (ALGA est.)
Mary Patrick
J.A. McKinnon
J.B. Starky
C.R. Bunn
Mrs. Roy H. Horne
J. Train Grey
Unknown
Unknown
Ethel Egbert
Ethel Egbert
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Mrs. Victor Kastberg
Catherine Rose
H.C. Dalgleish
Jean Wallbridge
Mrs. John Michaels
Louise Stempel
A.C. Aherns
Mrs. John Michaels
S.D. McAra
W.M. Hannah
J.E. Walton
Mina Lindberg
Mrs. Glen Watson
G.E. Lush
Louise Stempel
Mrs. John Kishiuchi
Mrs. Robert Watson
F. Walton
Marg Ward
Unknown
G. Watson
Unknown
R.E. Stanhope
R.E. Stanhope
Blanche Williams
Blanche Williams
C.M. Campbell
C.M. Campbell
D.B. Grant
D.B. Grant
B. Hembling
B. Hembling
J.G. Peace
J.G. Peace
W.J. Siwak
W.J. Siwak
Lola Rozsa
Lola Rozsa
Thelma Coutts
Thelma Coutts
Catherine Simper
Catherine Simper
Jean Smeland
Jean Smeland
Pat Workun
Pat Workun
Penny Manson
Penny Manson
Corrine Wikjord
Corrine Wikjord
Fran Marsden
Fran Marsden
Fran Marsden
(Amalgamation)
play golf
754,000 Albertans
303
2100 Public Players Club Members
$10,000 Donated to Turfgrass research
@Alberta_Golf
645 Facebook “likes” on
25 Courses Rated
scores posted to the Golf Canada Score Centre by members
53,582
210
283
shots for Andrew Harrison
of the Camrose GC to capture the
Canadian Juvenile Championship
278
shots for David Schultz
of the Country Hills GC to capture
= 1000 members
the Canadian Senior Championship
307
shots for the Alberta Girls
Team to capture the team component
of the Canadian Junior Girls
Championship
Alberta Golf members
clubs
Number of schools across Alberta
currently participating in Golf in Schools
37,600 Children participating annually
through Golf in Schools
140 Average number of students per participating
school exposed to Golf in Schools program
12 — ALBERTA GOLF
Albertan
inside the top-100
of the World Amateur
Golf Ranking JENNIFER HA
Facebook.com/AlbertaGolf
1,376,373
at
1
1,200 Twitter Followers
100 Dedicated Volunteers
31 Honored members in the
3
Alberta Golf Hall of Fame
David Schultz
Sylvia Blasken
22
22
Champions
crowned at Alberta
Golf competitions
Brent Ellenton
Alberta Golf Hall of Fame Inductees
participation fees and an investment by
Alberta Golf into the program. This investment
is vital to developing top talent in the game
and ensuring a bright future for golf’s next
generation of heroes.
Financial Analysis
IN 2013, ALBERTA GOLF ACHIEVED
A SURPLUS OF $66,417 BEFORE
DEPRECIATION. THIS OPERATIONAL
EXCESS OF REVENUE OVER EXPENSES IS
REFLECTIVE OF CONTINUING OPERATING
EFFICIENCIES AND MANAGING BOTH
OPERATING AND ADMINISTRATIVE
COSTS WITHOUT IMPACTING THE
DELIVERY OF CORE SERVICES TO THE
MEMBERSHIP, OR IMPLEMENTATION OF
OUR STRATEGIC PLAN. THE ASSOCIATION
IS COMMITTED TO CONTINUAL REVIEW
OF OUR OVERALL COST STRUCTURE AS
WELL AS EXPLORING OPPORTUNITIES
FOR SUSTAINABLE FUNDING INTO THE
FUTURE.
During 2013, there were a number of good
news financial stories to make note of:
• Our event and committee expenses were
down nearly 64.5K compared to 2012. This
significant reduction resulted mainly from key
changes to the structure of championship
events. In 2013, the Rules & Competitions
Committee implemented a number of
format changes to align with industry best
practices in an overall push to conduct best
in class events. The most significant impact
was a reduction in field size to a standard
of 120 competitors in the majority of our
championships. While this move decreased
both revenue and expenses, the overall
impact was positive for competitors and
host clubs and contributed to a dramatic
improvement in pace of play.
• Significant savings from budget was realized
with the reduction of salary expenses.
Outgoing Executive Director/CEO Brent
Ellenton’s time and salary was scaled down
voluntarily from 5 days to 2 days per week
for nearly 4 months towards the end of fiscal
2013. This decision was made to ensure
a successful transition to the new staff
structure while Brent spent the majority of
his time on flood relief efforts on behalf of the
National Allied Golf Associations – Alberta
branch.
• Savings as a result of continued efforts to
move to a paperless operation continue
to reduce expenses. An operational effort
to use electronic technologies as much as
possible has reduced our overall impact on
the environment and on the statement of
operations.
2013 FINANCIAL RESULTS
The sources of funding that allow Alberta Golf
to run programs and provide member services
are as follows:
MEMBERSHIP DUES
Alberta Golf relies heavily on membership dues
to deliver amateur golf programs and deliver
on our role as the Provincial Sport Association
for golf. Dues for the 2013 season were $25.00
($13.00 to Alberta Golf) for every adult golfer
and $19.00 ($11.50 to Alberta Golf) for every
junior golfer (49,695 adult members; 3,887
junior members; 53,582 total members) at
each of Alberta Golf’s 210 member clubs and
leagues. Through our working relationship with
Golf Canada we have been able to improve
communication and awareness of programs
with the membership. Improved messaging
and communications will continue to
strengthen relationships and provide a greater
understanding of membership needs. Alberta
Golf relies on member club support of key
programs and services like CN Future Links,
Golf in Schools and Golf Fore the Cure, and
the Golf Canada Handicap System.
ALBERTA SPORT CONNECTION
The Alberta Sport, Recreation, Parks & Wildlife
Foundation, a non-profit Crown Corporation
is now operating as Alberta Sport Connection.
Alberta Golf is recognized by Alberta Sport
Connection as the Provincial Sport Association
for golf, which provides the organization with
an annual operating grant to support programs
and administrative costs to carry out the duties
of a PSA. Alberta Sport Connection provides
financial and consultative services through the
Association Development Program. Alberta
Golf’s overall funding from Alberta Sport
Connection was $84,513 in 2013, remaining
consistent with 2012 as a result of how our
association was assessed by the Foundation.
SOURCES OF FUNDS
AMATEUR CHAMPIONSHIPS
Alberta Golf is fortunate to have the
opportunity to apply and secure a casino
fundraiser on an 18-month cycle through
the Alberta Gaming and Liquor Commission
(AGLC). Funds raised through casinos can
be used to offset expenses for a number
of activities including but not limited to
administrative costs, equipment purchases,
promotional activities, rental facilities and
in-province travel. Funds raised and not
yet expensed can be held for future years’
expenses. In 2012, our deferred casino
revenue was $32,522. The casino held in 2013
awarded us $71,705 in proceeds. $48,128 was
used within the designated expenses in 2013
and $56,099 has been deferred for use as a
casino reserve in 2014 and beyond.
Funding for Alberta Golf’s Provincial amateur
championships comes from three sources –
player entry fees, our association contribution,
as well as individual and/or corporate
sponsorships. Conducting championships has
been core to Alberta Golf’s mandate since its
formation in 1912.
GOLF CANADA
Each year Golf Canada provides the
Provincial Golf Associations with a number
of opportunities to apply for grants that fund
‘grow the game’ initiatives. Alberta Golf takes
advantage of these opportunities to offset
expenses incurred while carrying out programs
and services in the Province. The Women’s
Fund grant covers the expenses for females
who are trying to certify in the Rules of Golf
and Course Rating seminars. The CN Future
Links grant helps to offset the costs of carrying
out mobile clinics in communities across
Alberta. The Coaching grant offsets expenses
for full and part time Coaching services. The
Handicap & Course Rating grant offsets cost
associated with conducting seminars and
rating golf courses. In 2013 these grants
totaled to $4,425.
GRASSROOTS PROGRAMS
Funding for grassroots programs like CN
Future Links, Golf in Schools and Golf For the
Cure comes from three sources – participation
fees, national corporate sponsorships and
individual donations.
HIGH PERFORMANCE (TEAM ALBERTA)
Funding for Alberta Golf’s high performance
program comes from two sources –
USES OF FUNDS
Membership Dues 54%
Alberta Sport Connection 8%
Casino, Other Grants & Interest 5%
Sponsorship 2%
Sport Development & Grassroots
14 — ALBERTA GOLF
CASINO
Administration & Overhead 42%
Sport Development & Grassroots
Communications & Business
Development 10%
CONTRIBUTIONS
In 2013, Alberta Golf supported charities and
other golf related entities, actively participating
in the raising of $13,560 in contributions.
•Alberta Golf contributed $2,000 in 2013
toward initiatives conducted by the National
Allied Golf Association on behalf of the
Alberta golf industry. Additionally, two
months of staff time was dedicated to
disaster relief funding efforts.
•The Prairie Turfgrass Research Centre at Olds
College was given $10,000 in 2013 to help
fund research projects and provide support
to Alberta’s Superintendents.
•Alberta Golf contributed $5 per player entry
in the two Alberta Ladies Team Classic
events to the Canadian Cancer Society as
part of the Golf Fore the Cure program. An
amount totaling to $1,560.
ASSETS, INVESTMENT INCOME AND
ENDOWMENT FUNDS
Golf House was purchased in 2007 and the
build out completed in 2008. Computers
and other office equipment are upgraded and
maintained regularly to provide staff with the
tools needed to provide quality services.
The endowment funds are invested with CIBC
Wood Gundy and Alberta Sport Connection
and continue to generate investment income
which is used to help fund Alberta Golf
programs.
ALBERTA FLOOD
Over 30 golf facilities were affected by the
historic flooding of Alberta in June of 2013.
While many courses had minor damage that
could be repaired with the help of volunteers,
some were damaged beyond immediate repair.
Alberta Golf made the decision to return 2013
membership dues to the clubs who were
devastated by the flooding and would not reopen in 2013. In total, $31,140 in membership
dues were returned to Hidden Valley Golf
Course, Highwood Golf & Country Club,
McKenzie Meadows Golf Club and Kananaskis
Country Golf Courses.
Additionally, Alberta Golf and Sun Life
Financial made the decision to cancel the
scheduled Media Days for both the Sun Life
Financial Alberta Men’s and Ladies Amateur
Championships and re-direct the funds to
the Canadian Red Cross in the amount of
$15,000. Highwood G&CC was scheduled
to host the Ladies Amateur before the
floodwaters engulfed High River and the
course. Fortunately, the Earl Grey Golf Club
offered to step up and host a shortened 36hole Championship for the Provinces best
female amateur players. This was another
fine example of the volunteer spirit of both
the City of Calgary and Alberta Golf member
clubs. The annual competition for the Alberta
Men’s Interclub Championship at Kananaskis
Country GC was cancelled in 2013 due to the
devastation the course suffered.
FINANCIAL OUTLOOK FOR 2014 AND
BEYOND
The fiscal focus of Alberta Golf is revealed in
the financial mandate to develop sustainable
funding as part of a commitment to achieve
breakeven financial performance. Further
analysis of programming, project revenues and
expenses are planned in a persistent effort to
investigate possible efficiencies and become
a more effective and responsible organization.
The surplus achieved in 2013 before
depreciation has helped our organization move
into a position where we have an operating
reserve fund of nearly 6 months operating
expenses. This reduces our risk associated
with dependence on a line of credit.
Golf House is a mortgage free office and
warehouse space in Calgary and continues
to be a valuable asset both in the financial
health of the organization and in the sustained
operations of both staff and volunteers. It is
also home to the Alberta Golf Hall of Fame
located in the Lola Rozsa Board Room.
Fund development is a priority of Alberta
Golf and a renewed focus on sponsorship
and partner agreements should result in
increased revenues and sustainable funding.
Early successes in 2014 include the renewal
of sponsorship agreements with Sun Life
Financial, LongBall Inc., and The Frank
Lindsay Foundation. A new sponsor was
secured in the acquisition of Guardian Capital
as the title of the Guardian Capital Alberta
Senior Men’s Championship and Southern
Qualifying, as well as Blackburn Davis for
the Northern Senior Qualifying. Further, a
partnership agreement was extended for three
years with Acushnet Canada. This partnership
provides top quality merchandise and apparel
to equip participants, teams, volunteers and
staff.
Our relationship with Alberta Sport Connection
continues to grow stronger and there is
an opportunity to continue to cultivate our
operating grant through strategic alignment.
Alberta Golf is also fortunate to have secured
an International Sport Exchange through
this relationship. Exchanges foster sport
development, friendship and potential
economic development between Alberta and
selected areas in Asia. Alberta has established
a strong relationship with Hokkaido, Japan.
Our golf exchange involves Alberta athletes,
coaches and officials representing Alberta
visiting the sister province; the other year
involves the sister province’s athletes, coaches
and officials visiting Alberta. The International
Sport Exchange is a partnership project
between Alberta Sport Connection, Provincial
Sport Associations and International and
Intergovernmental Relations. Alberta Golf is
fortunate to have been selected for the 20142015 Exchange and Alberta Sport Connection
has provided $93,500 to cover all of the
related expenses.
The majority of facilities and courses affected
by the 2013 flood are expected to re-open
with the exception of a few who face a long
road of uncertainty and rebuilding ahead. The
Alberta Men’s Interclub Championship will
be resurrected at a new venue in 2014 with
another top quality Rocky Mountain course
at the Canmore Golf & Curling Club playing
host. The membership at Canmore G&CC has
supported the event by committing to a three
year hosting agreement.
The Alberta Golf Board of Directors approved
a planned $0.50 increase to both adult and
junior membership dues for the 2014 season.
We continue to focus on delivering superior
value to our current members and promoting
membership benefits to the masses of
golfers in Alberta. Growth in the public player
category is a focus of Alberta Golf and plans
to provide more value through member outings
and player development opportunities are
already in the works. The goal of the Public
Player program is to drive increased play and
loyalty to Alberta Golf member clubs. Small
incremental increases to dues are planned
for 2015 and beyond in order to reduce the
impact on the golf industry while continuing
to grow our reach and influence within the
Province.
Guided by the components of our strategic
plan, we are forecasting that Alberta Golf
can achieve the goal of breakeven for 2014
and beyond. New revenue growth plans
and operating synergies with our national
partner Golf Canada will help us achieve this
goal. As the Provincial Sport Association for
golf in Alberta, we remain committed to our
mission of promoting golf as a game for life
by providing valued programs and service to
our membership. Together we are working to
engage every golfer in Alberta.
Martin Blake, Treasurer
Matt Rollins, Executive Director/CEO
April 2014
INDEPENDENT AUDITOR'S REPORT
Opinion
To the Members of Alberta Golf Association
We have audited the accompanying financial statements of Alberta Golf Association, which comprise the statement
of financial position as at September 30, 2013, and the statement of operations, cash flows and changes in net assets
for the year ended, and a summary of significant accounting policies and other explanatory information.
In our opinion, the financial statements present fairly, in all material respects, the financial position of Alberta Golf
Association as at September 30, 2013 and the results of its operations and its cash flows for the year then ended in
accordance with Canadian accounting standards for not-for-profit organizations.
Comparative Information
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Canadian accounting standards for not-for-profit organizations, and for such internal control as management
determines is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with Canadian Auditing Standards. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
Without modifying our opinion, we draw attention to Note 2 to the financial statements which describes that Alberta
Golf Association adopted Canadian accounting standards for not-for-profit organizations on October 1, 2012 with a
transition date of October 1, 2011. These standards were applied retrospectively by management to the comparative
information in these financial statements, including the statement of financial position as at September 30, 2012 and
October 1, 2011 , and the statement of operations, changes in net assets and cash flows for the year ended September
30, 2012 and related disclosures. We were not engaged to report on the restated comparative information, and as
such, it is unaudited.
Calgary, Alberta
December 17, 2013
CHARTERED ACCOUNTANTS
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
(continues)
16 — ALBERTA GOLF
1040, 1015 4th Street SW Calgary, Alberta T2R 1J4
403.205.3340 [fax] 403.234.0067
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED SEPTEMBER 30, 2013
2013
REVENUE
Membership fees
Less amounts paid to Golf Canada
Entry fees
Other project revenue
Sponsorships
Grants (note 6)
Casino
Interest and other
$
1,362,664
(631,268)
731,396
330,764
81,742
28,000
440,506
2012
$
1,246,766
(555,182)
691,584
385,544
100,238
26,000
511,782
104,363
48,128
21,844
174,335
1,346,237
114,263
36,057
17,459
167,779
1,371,145
133,351
99,975
81,818
61,737
60,436
59,379
50,634
34,122
26,300
22,125
17,579
14,824
662,280
167,991
111,705
91,584
60,742
76,005
65,608
52,461
25,866
17,400
32,596
12,058
12,734
726,750
411,127
79,859
32,740
32,608
28,504
19,999
8,564
4,139
617,540
1,279,820
453,671
23,583
27,631
35,973
31,155
19,554
3,979
3,514
599,060
1,325,810
Operational excess of revenue over expenses
66,417
45,335
Depreciation (note 7)
Centennial events
Unrealized gain on investments
Gain on disposal of capital assets
(67,738)
15,711
1,618
(68,770)
(85,410)
16,328
-
TOTAL REVENUE
EXPENSES
Event and committee expenses:
Travel and accommodation
Banquets and meals
Professional fees
Clothing and equipment
Gifts and honorariums
Facility fees
Trophies and prizes
Communications and publications
Donations and grants
Carts/spotters/green fees
Entry registrations
Bank charges
Administration expenses:
Salaries
Professional fees
Office
Communications
Repairs, maintenance, and utilities
Insurance
Doubtful debts
Travel
TOTAL EXPENSES
EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES ________ $
16,008
$
(92,517)
See accompanying Notes to the Financial Statements
18 — ALBERTA GOLF
STATEMENT OF CASH FLOWS
STATEMENT OF CHANGES IN NET ASSETS
2013
$
16,008
INCREASE IN CASH
CASH
Beginning of year
End of year
$
71,652
(3,914)
(15,711)
(1,618)
(10,559)
23,577
(23,577)
55,858
INVESTING ACTIVITIES
Capital assets additions
Proceeds from disposal of capital asset
Changes in marketable securities
(92,517)
73,057
(4,287)
(16,328)
196,231
30,499
(30,499)
156,156
(6,755)
10,000
12,411
15,656
(65,881)
16,980
(48,901)
71,514
107,255
258,552
$
330,066
2013
Capital Assets
Fund
Endowment
Funds
Balance, beginning of the year
Excess (deficiency) of revenue
over expenses
Investment in capital assets
Disposal of capital assets
Funds used in programs
Unrealized gain on
marketable securities
Interfund transfer
Interest on endowment funds
Net change in the year
$
$
$
Balance, end of the year
$
2012
CASH PROVIDED BY (USED FOR):
OPERATING ACTIVITIES
Excess (deficiency) of revenue over expenses
Items not affecting cash:
Depreciation (note 7)
Donation recognized (note 7)
Unrealized gains on investments
Gain on disposal of capital assets
Change in non-cash working capital
Changes in non-current deferred donations and casino revenue
Changes in restricted cash
Unrestricted
Funds
76,593
1,029,498
2012
Total
Total
524,876
$ 1,630,967
$ 1,724,746
87,660
(6,755)
(1,618)
-
(71,652)
6,755
1,618
-
(3,950)
16,008
(3,950)
(92,517)
(3,200)
6,701
85,988
(10,000)
(73,279)
6,389
3,299
3,275
9,013
6,389
3,275
21,722
(1,422)
3,360
(93,779)
533,889
$1,652,689
$ 1,630,967
162,581
$
956,219
$
151,297
$
258,552
20 — ALBERTA GOLF
NOTES TO THE FINANCIAL STATEMENTS
SEPTEMBER 30, 2013
1. NATURE OF THE ASSOCIATION AND BASIS OF PRESENTATION
SEPTEMBER 30, 2013
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
d) Cash and cash equivalents:
The Alberta Golf Association (“the Association") is a not-for-profit association organized to encourage, promote and
supervise the game of golf and thereby foster goodwill and sportsmanship in the Province of Alberta, and elsewhere,
as it may desire. The Association was established under the Societies Act through an amalgamation on January 1,
2000.
The Association considers all balances with banks and highly liquid investments with maturities of three months or
less at the date of purchase to be cash and cash equivalents.
As a not-for-profit organization, the Association does not pay taxes on its net revenue. In order to maintain its status
as a not-for-profit organization under the Income Tax Act (Canada), the Association must meet certain requirements
within the Act. In the opinion of management, these requirements have been met.
Inventories mainly consist of clothing and rulebooks, and are stated at lower of cost or net realizable value,
determined on a specific item basis.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a) Change in accounting standards:
These financial statements are prepared in accordance with Canadian accounting standards for not-for-profit
organizations and reflect the following significant accounting policies.
First time adoption of accounting standards for not-for-profit organizations
These financial statements are the first financial statements for which the Association has applied the new Canadian
accounting standards for not-for-profit organizations (“ASNFPO”). Comparative figure information presented for
the year ended September 30, 2012 was prepared in accordance with ASNFPO and with the provisions set out in
Section 1501 First-time adoption by not-for-profit organizations.
e) Inventories:
f) Contributed materials and services:
Volunteers contribute a substantial number of hours each year to assist the Association in fulfilling its mandate. The
value of contributed services is not recognized in these financial statements. Contributed materials, the value of
which can be reasonably estimated, are recorded in the financial statements at that estimated value.
g) Financial instruments:
Financial instruments are recorded at fair value on initial recognition. Equity instruments that are quoted in an active
market are subsequently recorded at fair value. All other financial instruments are recorded at cost or amortized cost,
unless management has elected to record at fair value. The Association has not elected to carry any such financial
instruments at fair value.
The date of transition to ASNFPO was October 1, 2011. The Association’s transition from Canadian generally
accepted accounting principles (previous GAAP) to ASNFPO has no significant impact on the opening net assets as
at October 1, 2011 or the statement of operations for the year ended September 30, 2012 or the statement of cash
flows for the year ended September 30, 2012.
With respect to financial assets measured at cost or amortized cost, the Association recognizes in the statement of
operations, an impairment loss, if any, when it determines that a significant adverse change has occurred during the
period in the expected timing or amount of future cash flows. When the extent of impairment of a previously written
down asset decreases and the decrease can be related to an event occurring after the impairment was recognized, the
previously recognized impairment loss is reversed in the statement of operations in the period the reversal occurs.
b) Revenue recognition:
h) Use of accounting estimates:
The Association follows the deferral method of accounting for contributions, as follows:
The preparation of financial statements in conformity with ASNFPO requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the
reporting period.
Revenue from membership fees and tournaments is recognized in operations when the services are provided.
Unrestricted contributions are recognized as revenue when received or receivable, if the amount to be received can
be reasonably estimated and collection is reasonably assured.
Unrestricted investment income is recognized as revenue in operations when earned.
Restricted contributions, for which the related expenses have not yet been incurred, is deferred until the related
expenses are incurred.
Unrestricted endowment fund income is recognized as revenue in operations when expended on programs and
services.
Restricted endowment fund income is recognized as an increase to net assets.
Included in membership fees collected, are amounts collected on behalf of, and remitted, to Golf Canada.
c) Capital assets:
Specific items subject to estimation include amortization of capital assets, provision for allowance for doubtful
accounts and potential impairment of marketable securities.
These estimates are subject to measurement uncertainty and the effects of changes in these estimates in future
periods could be significant.
3. LINE OF CREDIT
The Association has a $325,000 line of credit with the Canadian Western Bank. The line of credit bears interest at a
rate that is the greater of prime plus 1.65% or 4.15%. As at September 30, 2013 the interest rate is 4.65%. It was
undrawn as at September 30, 2013. The line of credit is subject to review at any time by the Bank. The next annual
review is scheduled for completion by January 31, 2014. The line of credit is secured by a general security
agreement over "all present and after acquired assets of the Association" and a first fixed charge of the office
premises with a carrying value of $877,462.
Capital assets are recorded at cost and depreciation is provided by the declining balance method based on estimated
useful lives at the annual rate of 5% on the office premises, 20% on office and field equipment, and 25% on
computers and electronics.
22 — ALBERTA GOLF
SEPTEMBER 30, 2013
SEPTEMBER 30, 2013
7. DEFERRED DONATIONS
4. CAPITAL ASSETS
Office
Premises
2013
Cost at beginning of year
Additions
Deletions
Accumulated depreciation
$
Net book value at end of year
$
Office
Equipment
1,167,180
(289,718)
$
877,462
$
Office
Premises
2012
Cost at beginning of year
Additions
Deletions
Accumulated depreciation
$
Net book value at end of year
$
204,957
(172,596)
$
32,361
$
Office
Equipment
1,167,180
(243,536)
$
923,644
$
Computers &
Electronics
Field
Equipment
36,579
6,755
(15,325)
$
28,009
$
Computers &
Electronics
204,957
(164,505)
$
40,452
$
105,914 $ 1,514,630
6,755
(15,339)
(15,339)
(72,188)
(549,827)
18,387
Field
Equipment
36,579
(5,336)
$
31,243
$
Total
$
956,219
Total
76,612
29,302
$ 1,448,749
65,881
(71,755)
(485,132)
34,159
$ 1,029,498
The office premises are held as collateral for a line of credit from Canadian Western Bank (note 3).
In 2009, the Association received a donation of $100,000 from Lola Rozsa for the construction of its new office
building. Recognition of this revenue will occur over the life of the building and is included in the calculation of
depreciation of the building. Depreciation was calculated as follows:
Depreciation building
Depreciation other assets
$
Deferred donation recognized
Depreciation expense
$
67,738
Deferred donations, beginning of the year
Donation recognized
Deferred donations, end of the year
$
2012
48,613
24,444
73,057
(4,287)
$
68,770
$
2013
81,451
(3,914)
$
2012
85,738
(4,287)
$
77,537
$
81,451
The remaining amount of deferred donation was calculated as follows:
8. DEFERRED CASINO REVENUE
5. COMMITMENTS
The Association entered into a lease for a vehicle in January 2011. This lease expires January 2015. Monthly rent
under this agreement is $389 for a total of $4,668 for the year.
Future operating lease payments are as follows:
Pursuant to the requirements set out by the Alberta Gaming and Liquor Commission (AGLC), funds raised through
casinos and not yet expensed have been designated as being held for future years’ expenses of the following types:
(a) Administrative costs (maximum 10%)
(b) Awards, trophies and plaques
2014
2015
$
$
(c) Equipment purchase and repair for Junior programs
4,668
1,556
(d) Promotional activities
6,224
(e) Rental facilities for Junior tournaments and camps
6. GRANT REVENUE
(f) In-province travel
During the year, the Association received grants totaling $104,363 (2012 - $114,263) from the Alberta Sport,
Recreation, Parks and Wildlife Foundation (“ASRPWF”), which is comprised of the following amounts:
(g) Volunteer conferences, seminars and training
Details of deferred revenue are as follows:
Annual Association Funding
Canada Summer Games
Donation Fund
Western Canada Games Grant
E. Lynne Cox Endowment Fund
Alberta Golf Endowment Fund
$
Total
$
24 — ALBERTA GOLF
2013
46,182
25,470
71,652
(3,914)
2013
84,513
12,800
5,000
1,250
800
104,363
$
$
2012
84,513
16,000
10,000
1,600
1,250
900
Opening deferred casino revenue
Casino proceeds
Total casino revenue
Designated expenses
$
Deferred casino revenue
$
2013
32,522
71,705
104,227
(48,128)
56,099
$
$
2012
2,023
66,556
68,579
(36,057)
32,522
114,263
SEPTEMBER 30, 2013
SEPTEMBER 30, 2013
9. FUND ACCOUNTING
10. RELATED PARTY TRANSACTIONS (continued)
a) Capital Assets fund:
Capital expenditures are allocated to Office Premises, Office Equipment, Computer and Electronics or Field
Equipment.
b) Endowment Funds:
E. Lynne Cox Memorial Fund (original endowment of $20,000 contributed in 1995)
Provides program funding for the E. Lynne Cox memorial junior golf camp held annually at the Pinebrook
Golf and Country Club.
Arthur P. and E. Lynne Cox Memorial Fund (original endowment of $100,000 was accumulated from 1995 – 1997)
Provides program funding for the Alberta Montana Junior Ryder Cup Teams.
Investment income from Alberta Golf General Endowment Funds is intended for association programs and
services.
Title to investments with respect to the E. Lynne Cox Memorial Fund and the General Endowment Fund – is held, in
perpetuity, by the ASRPWF. Income on these investments may be paid to the Alberta Golf Association on request,
providing that the project description falls within the purpose for which the funds are maintained.
The marketable securities managed by the CIBC Wood Gundy, on behalf of the Association, are recorded at their
fair market value.
2012
Funds Held by ASRPWF
E. Lynne Cox Memorial Fund
General Endowment Fund
Funds Held by CIBC Wood Gundy
Arthur P. & E. Lynne Cox Memorial
General Endowment Funds
Total Endowment Funds
$ 21,468
80,261
$ 101,729
Used in
Programs
Interest
$
$
261
977
1,238
$
$
$
(1,250)
(800)
(2,050)
The aggregate value of transaction related to key management personnel that is included in the statement of
operations is the gain on sale of capital assets amounting to $1,618.
Balance outstanding with related parties which is included in the accounts receivable in the statement of financial
position include receivable from National Allied Golf Associations Alberta amounting to $717 (2012: $nil). The
amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received.
11. FINANCIAL RISK MANAGEMENT
The Association is exposed to financial risks through its financial instruments.
Market Risk:
General Endowment Funds
ENDOWMENT FUNDS
All transactions with related parties were in the normal course of operations. Transactions between related parties
are measured at the exchange amount, which is the amount of consideration established and agreed to by the related
parties and which are similar to those negotiable with third parties.
Gain (loss) on
Investments
$
$
$ 118,481
304,666
$ 423,147
3,014
7,411
$ 10,425
$
(2,700)
(20,000)
$ (22,700)
$
$ 524,876
$ 11,663
$ (24,750)
-
2013
$
20,479
80,438
$ 100,917
$
6,389
15,711
22,100
$ 125,184
307,788
$ 432,972
$
22,100
$ 533,889
The Association’s assets include a large portion of marketable securities. These assets are externally managed. The
value of marketable securities changes in concert with the business, financial condition, management and other
relevant factors affecting the underlying organization that issued the securities. In addition, general economic
conditions of the markets, in which such organizations operate, change, thereby exposing the Association to
fluctuations in the value of investments. The fair market value of marketable securities at September 30, 2013 is
$432,973 (2012 - $423,147). A sensitivity analysis shows that a change in 1% of equity prices will result in a $4,329
change in net assets.
Credit Risk:
The Association is exposed to credit risk to the extent that member clubs may experience financial difficulty and
would be unable to meet their obligations. The Association has a large number of member clubs, which minimizes
the concentration of credit risk.
Interest rate risk:
Management is of the opinion that the Association is not exposed to significant interest rate risk.
Liquidity Risk:
Management estimates that accounts payable of $286,430 (2012 - $281,719) will be repaid no later than three
months after the year end.
12. COMPARATIVE FIGURES
The comparative figures have been reclassified, where necessary, for consistency with current year disclosure.
10. RELATED PARTY TRANSACTIONS
The Association’s related parties include directors and key management personnel. In addition, directors and key
management personnel, or their related parties, hold positions in other entities that result in them having significant
influence over the strategic operating, financing and investing activities of these entities.
26 — ALBERTA GOLF
Foundation President’s Report
Biamonte, Ethan – University of North Carolina
Bokenfohr, Rachel – University of Alberta
Bourgeois, Marshall – MacEwan University
Bucyk, Andrea – University of Alberta
Bucyk, Taylor – University of Alberta
Coulthard, Andrew – University of Alberta
Durnin, Jessie – University of Calgary
Erais, Bari – NAIT
Membership in the Society shall be:
Fry, Geoff – McNeese State University
•Open to the general public
Hirch, Liam – University of Lethbridge
•Open to male and female Alberta citizens of
all ethnic and cultural backgrounds
Hogan, Brett – University of Texas, San Antonio
Kennedy, Kat – University of British Columbia
•Representative of the larger community and
not dependent on an individuals relationship
with a particular individual or individuals
$63,000 was awarded in
post-secondary scholarships to
deserving Albertans by the Foundation
•Members are required to submit an
application form each year for acceptance
into membership
•Membership fees are tax deductible
Laubman, Curtis – University of Alberta
MacGillivary, Brett – University of Alberta
Florin Bergh
President
Alberta Golf Association Foundation
Mah, Melissa – University of Alberta
Martens, Erin – Sonoma State University
McNichol, Scott – University of Victoria
Pedersen, Madison – University of Lethbridge
Rakowski, Alex – University of Alberta
Management degrees. We would also like to
thank Jackie Ryan for a unique donation this
year in the amount of 1,000.00 in celebration
from a Hole in One in 2013.
Membership Fees in 2013 were set at $10.00
(no GST) for each member.
PATRONS
In 2013, the Foundation received a generous
endowment of $51,800 to honor the memory
of Jeff Llewellyn. The endowment was setup
through his employer, MNP LLP. Jeff Llewellyn
was an avid golfer who was dedicated
to mentoring youth. In his memory, the
Foundation will award a minimum $1,000
scholarship annually, from the investment
income of the endowment, to students
pursuing a post-secondary education in
the area of Sports Administration with an
emphasis on those pursuing Bachelor
of Commerce, Economics, or Business
28 — ALBERTA GOLF
Kurio, Kristyn – University of Alberta
•Membership fees shall be used for
administrative services such as an audit and
accounting services
In 2013 a casino fundraiser was held in
Edmonton and raised $ 78,681.59. The
Scholarship Committee was fortunate to award
scholarships to 40 recipients pursuing their
post secondary goals for a total of $63,000.00.
These funds were acquired from our many
Patrons and half of our casino revenue. The
casino funds are distributed over 2 years to
ensure a relatively equal financial allocation
to the scholarship program and research.
The Alberta Gaming and Liquor Commission
awards us a casino approximately every 18
months. We have applied to be a part of
casino fundraising efforts again in the spring
of 2015.
Barvir, Drew – Queens University
Benoit, Katie – Mount Royal University
In 2013 The Foundation adjusted its Bylaws to
enable the start of a supportive membership
base. Eligibility for membership within the
foundation is as follows:
Membership Requirements:
Barros, Kylie – University of British Columbia
Batsel, Dillon – Jacksonville University
THE ALBERTA GOLF ASSOCIATION
FOUNDATION, WHICH WAS ESTABLISHED
UNDER THE ALBERTA SOCIETIES ACT
IN 1994, CONTINUES TO GROW FOR THE
BENEFIT OF THE NEXT GENERATION OF
GOLFERS THROUGH POST SECONDARY
SCHOLARSHIP FUNDING AND RESEARCH
ACTIVITIES.
•Voluntary with names and contact
information controlled within a central
registry
2013 SCHOLARSHIP RECIPIENTS
Renner, Mackenzie – University of Lethbridge
Robb, Graydon – Vancouver Island University
Robb, Miranda – University of Victoria
Sha, Amanda – University of Alberta
Bob Rintoul Endowment
McLennan Ross Junior Golf Tour
Charles C. Reid Fund
Lola Rozsa Memorial Fund
Christa Spahmann Memorial Fund
Mike Bower Memorial Fund
Frank Lindsay Memorial Fund
R.E. Courage Memorial Fund
Sun Life Financial
Jeff Llewellyn Memorial Fund
Spriddle, Devon – University of Southern
Mississippi
I would like to thank those who assisted in
the Casino Fundraiser, the Foundation Board,
the Scholarship Committee, the Foundation
Members and the Patrons for their contribution
in ensuring a successful year and future for
golf scholarships and research within Alberta.
Vold, Jeremy – Mount Royal University
Respectfully submitted,
Teron, Jesse – University of Victoria
Throndson, Ben – University of Alberta
Todd, Daniel – Lethbridge College
Tsang, Megan – University of Alberta
Vanderham, Cara – California University of
Pennsylvania
Wilkowich, McMillan – Mount Royal University
Wilkowich, Rory – Westfield State University
Wilson, Dylan – University of Victoria
Wood, Jack – University of British Columbia
Zimmerman, Brandon – Concordia University
2013 ANNUAL REPORT —29
INDEPENDENT AUDITOR'S REPORT
To the Members of Alberta Golf Association Foundation
Opinion
We have audited the accompanying financial statements of Alberta Golf Association Foundation, which comprise the
statement of financial position as at September 30, 2013, and the statement of operations, cash flows and changes in
net assets for the year ended, and a summary of significant accounting policies and other explanatory information.
In our opinion, the financial statements present fairly, in all material respects, the financial position of Alberta Golf
Association Foundation as at September 30, 2013 and the results of its operations and its cash flows for the year
then ended in accordance with Canadian accounting standards for not-for-profit organizations.
Comparative Information
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Canadian accounting standards for not-for-profit organizations, and for such internal control as management
determines is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with Canadian Auditing Standards. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
Without modifying our opinion, we draw attention to Note 2 to the financial statements which describes that Alberta
Golf Association Foundation adopted Canadian accounting standards for not-for-profit organizations on October 1,
2012 with a transition date of October 1, 2011. These standards were applied retrospectively by management to the
comparative information in these financial statements, including the statement of financial position as at September
30, 2012 and October 1, 2011 , and the statement of operations, changes in net assets and cash flows for the year
ended September 30, 2012 and related disclosures. We were not engaged to report on the restated comparative
information, and as such, it is unaudited.
Calgary, Alberta
January 27, 2014
CHARTERED ACCOUNTANTS
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
(continues)
30 — ALBERTA GOLF
1040, 1015 4th Street SW Calgary, Alberta T2R 1J4
403.205.3340 [fax] 403.234.0067
ALBERTA GOLF ASSOCIATION FOUNDATION
STATEMENT OF OPERATIONS
2013
REVENUE
Casino revenue (note 5)
Scholarships – not tax receipted
Scholarships – tax receipted
General – tax receipted
General – not tax receipted
Membership fees
Interest income
$
EXPENSES
Scholarships and bursaries
General and administrative
Casino expense
DEFICIENCY OF REVENUE OVER EXPENSES
44,068
10,109
5,000
3,365
110
190
37
62,879
2012
$
58,000
8,084
2,124
68,208
$
(5,329)
34,668
9,728
4,000
4,750
575
126
53,847
51,000
5,254
541
56,795
$
(2,948)
32 — ALBERTA GOLF
STATEMENT OF CASH FLOWS
STATEMENT OF CHANGES IN NET ASSETS
2013
2012
CASH PROVIDED BY (USED FOR):
OPERATING ACTIVITIES
Deficiency of revenue over expenses
$
Change in non-cash working capital
Changes in non-current deferred casino revenue
Changes in restricted cash
INVESTING ACTIVITIES
Changes in investments
DECREASE IN CASH
CASH
Beginning of year
End of year
$
(5,329)
$
(2,948)
(2,628)
(42,187)
42,187
(7,957)
(150)
41,984
(41,984)
(3,098)
6,847
6,847
1,669
1,669
(1,110)
(1,429)
6,014
7,443
4,904
$
Balance, beginning of the year
Donations
Membership fees
Interfund transfer
Investment income
Scholarships and
disbursements
Net change in the year
Balance, end of the year
Unrestricted
Fund
$
2,369
3,475
190
375
-
$
(8,084)
(4,044)
$
(1,675)
2013
Restricted
Endowment
Fund
Fund
4,505 $
205,247
59,177
60,300
(375)
37
7,770
(60,124)
(1,285)
$
3,220
$
2012
Total
$ 212,121
122,952
190
7,807
Total
$ 157,534
111,296
7,086
(8,000)
60,070
(76,208)
54,741
(63,795)
54,587
265,317
$ 266,862
$ 212,121
6,014
34 — ALBERTA GOLF
STATEMENT OF CHANGES IN UNRESTRICTED NET ASSETS
STATEMENT OF CHANGES IN ENDOWMENT FUNDS
2013
Revenue:
Unrestricted donations and membership fees
Transfer from restricted fund
Less:
General and administrative expenses
$
3,665
375
Unrestricted funds, beginning of year
Unrestricted funds, end of year
Scholarships and grants:
Casino scholarships
Charles C. Reid
McLennan Ross
Sun Life Financial
Jackie Ryan
Mike Bower
Bill Sturgeon
Scholarship Funds:
Turf Project
$
$
(747) $
882
183
375
3,812
5,325
-
8,084
(4,044)
2,369
5,254
71
2,298
(1,675) $
2,369
$
4,505
44,068
9,109
4,000
1,000
1,000
(375)
$
$
58,802
37 $
-
$
37
44,124
9,000
4,000
1,000
1,000
-
$
1,000
$
60,124
$
154
2,183
375
$
4,812
$
7,524
34,668
8,728
4,000
1,000
-
$
$
48,396
$
126 $
-
35,541
8,000
4,000
1,000
2,000
-
-
1,000
126
$
51,541
Lola Rozsa
Jeff Llewellyn
Bob Rintoul
Christa Spahmann
Frank Lindsay
R.E. Courage
Total endowment funds
(766)
991
183
-
Balance
Beginning
of Year
$ 56,746
49,697
32,195
39,185
27,424
Donations
and Interfund
Transfers
$
51,800
8,500
-
$ 205,247
$ 60,300
Scholarships
Balance
Investment
and
End
Income
Disbursements
of Year
$ 1,715
$ 2,000
$ 56,461
1,567
1,000
52,367
1,502
1,000
50,199
973
2,000
39,668
1,184
1,000
39,369
829
1,000
27,253
$
7,770
$ 8,000
$ 265,317
STATEMENT OF CHANGES IN ENDOWMENT FUNDS
Balance
End
of Year
Lola Rozsa
Bob Rintoul
Christa Spahmann
Frank Lindsay
R.E. Courage
Total endowment funds
Balance
Beginning
of Year
$ 56,821
24,530
38,868
27,493
Donations
and Interfund
Transfers
$
50,000
7,575
-
$ 147,712
$ 57,575
Scholarships
Balance
Investment
and
End
Income
Disbursements
of Year
$ 1,925
$ 2,000
$ 56,746
1,697
2,000
49,697
1,090
1,000
32,195
1,317
1,000
39,185
931
1,000
27,424
$
6,960
$ 7,000
$ 205,247
2,812
$
STATEMENT OF RESTRICTED FUNDS
Balance
Interest and Scholarships
Beginning
Investment
and
of Year
Donations
Income
Disbursements
Total restricted scholarships and funds
36 — ALBERTA GOLF
$
STATEMENT OF CHANGES IN RESTRICTED FUNDS
Balance
Donations
Scholarships
Beginning
and Interfund
Investment
and
of Year
Transfers
Income
Disbursements
Total restricted scholarships and funds
Scholarships and grants:
Casino scholarships
Charles C. Reid
McLennan Ross
Sun Life Financial
Mike Bower
Bill Sturgeon
Scholarship Funds:
Turf Project
2012
3,220
Balance
End
of Year
$
(747)
882
183
375
3,812
$
4,505
SEPTEMBER 30, 2013
1. NATURE OF THE BUSINESS AND BASIS OF PRESENTATION
The Alberta Golf Association Foundation (“the Foundation”) is a not-for-profit association organized to provide
scholarships to Albertans for post-secondary education and fund research projects relating to golf and golf facilities.
The Foundation was established under the Societies Act on February 10, 1994 with active operations commencing
October 1, 1995.
As the Foundation is registered as a charitable organization authorized to issue donation receipts for income tax
purposes under the Income Tax Act (“the Act”), the Foundation does not pay taxes on its net revenue. In order to
maintain its status as a charitable organization under the Act, the Foundation must meet certain requirements within
the Act. In the opinion of management, these requirements have been met.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a) Change in accounting standards
These financial statements are prepared in accordance with Canadian accounting standards for not-for-profit
organizations and reflect the following significant accounting policies.
First time adoption of accounting standards for not-for-profit organizations
These financial statements are the first financial statements for which the Foundation has applied the new Canadian
accounting standards for not-for-profit organizations (“ASNFPO”). Comparative figure information presented for
the year ended September 30, 2012 was prepared in accordance with ASNFPO and with the provisions set out in
Section 1501 First-time adoption by not-for-profit organizations.
The date of transition to ASNFPO was October 1, 2011. The Foundation’s transition from Canadian generally
accepted accounting principles (previous GAAP) to ASNFPO has no significant impact on the opening net assets as
at October 1, 2011 or the statement of operations for the year ended September 30, 2012 or the statement of cash
flows for the year ended September 30, 2012.
b) Revenue Recognition
The Foundation follows the deferral method of accounting for contributions, as follows:
Unrestricted contributions are recognized as revenue when received or receivable, if the amount to be received can
be reasonably estimated and collection is reasonably assured.
Restricted contributions are recognized when the externally imposed restrictions are fulfilled.
Endowment contributions are recognized as a direct increase in net assets when received.
SEPTEMBER 30, 2013
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
e) Financial Instruments (continued)
With respect to financial assets measured at cost or amortized cost, the Foundation recognizes in the statement of
operations an impairment loss, if any, when it determines that a significant adverse change has occurred during the
period in the expected timing or amount of future cash flows. When the extent of impairment of a previously written
down asset decreases and the decrease can be related to an event occurring after the impairment was recognized, the
previously recognized impairment loss is reversed in the statement of operations in the period the reversal occurs.
f) Use of accounting estimates
The preparation of financial statements in conformity with ASNFPO requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the
reporting period.
Specific items subject to estimation include potential impairment of investments.
These estimates are subject to measurement uncertainty and the effects of changes in these estimates in future
periods could be significant.
3. INVESTMENTS
Cash
Fixed income investments
Total
d) Contributed services
Volunteers contribute a substantial number of hours each year to assist the Foundation in fulfilling its mandate.
Because of the difficulty of determining their fair value, contributed services are not recognized in the financial
statements.
e) Financial Instruments
$
2013
5,090
257,240
262,330
$
$
2012
20,825
188,282
209,107
Fixed income investments are invested in government and corporate bonds and entirely denominated in Canadian
dollars.
4. RESTRICTED SCHOLARSHIP FUNDS AND GRANTS
The restricted net assets are represented by the following assets:
Cash
Accounts receivable
Investments
c) Cash
Cash includes unrestricted cash on deposit.
$
$
$
2013
2,207
4,000
262,330
268,537
$
$
2012
645
209,107
209,752
All restricted net assets are subject to externally imposed restrictions. These external restrictions stipulate that the
funds be used as follows:
a) Bob Rintoul Scholarship
In 2012, Calgary entrepreneur and philanthropist, Mr. Bob Rintoul provided a $50,000 endowment to the Alberta
Golf Association Foundation to provide a lasting scholarship legacy. Investment income from the endowment fund
is utilized to provide post-secondary scholarships each year to southern Alberta area students.
Financial instruments are recorded at fair value on initial recognition. Equity instruments that are quoted in an active
market are subsequently recorded at fair value. All other financial instruments are subsequently recorded at
amortized cost, unless management has elected to record at fair value. The Foundation has not elected to carry any
such financial instruments at fair value.
38 — ALBERTA GOLF
SEPTEMBER 30, 2013
4. RESTRICTED SCHOLARSHIP FUNDS AND GRANTS (continued)
b) Bill Sturgeon Scholarship
Bill Sturgeon was a tireless volunteer to the cause of the Alberta Golf Association. This scholarship program was
created to honour his memory and further the academic pursuits of young Albertans. This scholarship has been
discontinued in the current year.
SEPTEMBER 30, 2013
4. RESTRICTED SCHOLARSHIP FUNDS AND GRANTS (continued)
j) Mike Bower Memorial Scholarship
Mike Bower started playing the game of golf at age 11 and by the conclusion of his junior career would capture two
consecutive Alberta Junior Championships. Donations to the fund are accepted from family and friends annually.
k) R.E. Courage Memorial Scholarship
In 2013, scholarships totaling $9,000 were awarded to students pursuing post-secondary degrees. This program is
funded by the Estate of Charles C. Reid, formerly an enthusiastic patron of golf from Banff.
The family of R.E. “Dick” Courage created a scholarship endowment to honour the legacy of a sportsman that
contributed greatly to his community. Funds for the endowment were raised by family and friends through the
staging of annual golf tournaments. Investment income from the endowment fund provides annual post-secondary
scholarships.
d) Christa Spahmann Memorial Scholarship
l) Sun Life Financial Scholarship
Christa was fun loving, hardworking and an extremely good athlete. She was liked by all around and always had a
smile on her face. The recipient of the Christa Spahmann Memorial Scholarship will display these qualities and
preference will be given to a southern Alberta female pursuing a post-secondary education. Funds for this
scholarship are raised through the Christa Spahmann Memorial Tournament and contributed to the Foundation on an
annual basis. In 2013, two $1,000 scholarships were awarded.
Sun Life Financial is a long time sponsor of the Alberta Men’s and Women’s Amateur Golf Championships. This
annual $1,000 scholarship is awarded to an Alberta resident pursuing a post-secondary education.
c) Charles C. Reid Memorial Foundation Scholarship
e) Frank Lindsay Foundation Grant
In 2008, an agreement was made with the Frank Lindsay Foundation to contribute an annual grant to sponsor the
Alberta Bantam Championship. Subsequent to the signing of this agreement a Canada Revenue Agency challenge
resulted in the funds being built into a scholarship endowment fund.
f) Jackie Ryan Scholarship
In 2013, Jackie Ryan provided a one-time $1,000 scholarship donation in honour of a hole in one she scored on July
12, 2013 at the Edmonton Petroleum Golf and Country Club. This scholarship was established to support a young
woman pursuing post-secondary education.
g) Jeff Llewellyn Scholarship
In 2013, the Foundation received a generous endowment of $51,800 to honour the memory of Jeff Llewellyn. The
endowment was setup through his employer, MNP LLP. Jeff Llewellyn was an avid golfer who was dedicated to
mentoring youth. In his memory, the Foundation will award a minimum $1,000 scholarship annually, from the
investment income of the endowment, to students pursuing a post-secondary education in the area of Sports
Administration with an emphasis on those pursuing Bachelor of Commerce, Economics, or Business Management
degrees.
h) Lola Rozsa Memorial Golf Scholarship & Bursary (original Endowment of $50,000 contributed in 1999)
Affectionately nicknamed the “Grandmother of Calgary Golf” by local media, Lola dedicated herself to the
promotion of the game, serving on the Calgary, Alberta and Canadian Ladies Golf Associations. In 1999, Lola
Rozsa donated a $50,000 endowment to the Alberta Golf Association Foundation to establish an annual post secondary scholarship and bursary award program as a perennial gift to the game she loved. Investment income
from the endowment fund provides annual post-secondary scholarships.
i) McLennan Ross Sun Junior Golf Tour Scholarship
In 2013, four scholarships of $1,000 were awarded to students who have participated in the McLennan Ross Sun
Junior Golf Tour and are now pursuing post-secondary degrees. Program funding is provided by the law firm,
McLennan Ross, the title sponsor of this Junior Tour.
40 — ALBERTA GOLF
In 2008, Sun Life Financial who is the title sponsor of the Alberta Men’s and Women’s Amateur Golf
Championship and the Alberta Golf Association decided to offer an annual $1,000 scholarship from proceeds of the
championships. This scholarship was issued and a transfer of funds made from the Alberta Golf Association to the
Alberta Golf Association Foundation prior to the year end of September 30, 2013.
m) Turf Project Fund
A scholarship was awarded in 2013 to a student pursuing turfgrass management education. The Alberta Golf
Association Turfgrass Management Scholarship award of $1,000 was presented to a student attending the Olds
College. Monies in the Turf Project Fund were raised through an Alberta Golf Association Turf School.
5. DEFERRED CASINO REVENUE
Pursuant to the requirements set out by the Alberta Gaming and Liquor Commission (AGLC), funds raised through
casinos and not expensed have been designated as being held for future years’ expenses of the following types:
(a) Administrative costs (maximum 10%)
(b) Bursaries and scholarships
Details of restricted cash and deferred revenue are as follows:
Beginning deferred casino revenue
Reimbursements from AGLC
Interest income
Casino proceeds
Designated expenses and scholarships
2013
$
46,111
1,844
37
(44,068)
$
3,924
$
$
2012
4,127
126
76,526
(34,668)
46,111
6. RELATED PARTY TRANSACTIONS
The Foundation’s related parties include directors and key management personnel. In addition, directors and key
management personnel, or their related parties, hold positions in Alberta Golf Association (AGA) that result in them
having significant influence over the strategic operating, financing and investing activities of both AGA and AGAF.
All transactions with AGA were in the normal course of operations. Transactions between related parties are
measured at the exchange amount, which is the amount of consideration established and agreed to by the related
parties and which are similar to those negotiable with third parties.
SEPTEMBER 30, 2013
6. RELATED PARTY TRANSACTIONS (continued)
There is no amount included in the Foundation’s accounts payable and accrued liabilities year end balance owing to
the AGA (2012 - $nil). There is no amount included in the accounts receivable year end that is receivable from the
AGA (2012 - $nil).
7. FINANCIAL RISK MANAGEMENT
The Foundation is exposed to financial risks through its financial instruments.
Market Risk:
The Foundation is exposed to market risk with respect to its investments in fixed-income investments because the
fair value will fluctuate due to changes in market interest rates.
8. COMPARATIVE FIGURES
The comparative figures have been reclassified, where necessary, for consistency with current year disclosure.
Jesse Galvon at the
2013 Alberta Open Championship
42 — ALBERTA GOLF
Max Murchison at the
2013 Alberta Bantam Championship

2013 Annual Report

Transcription

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