June INGCOA News

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ASSOCIATION NEWS
From the Indiana Golf Course Owners Association
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Board of Directors

President Linda Rogers
Juday Creek Golf Course
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574.277.4653

Vice President Sam Taylor
Stony Creek Golf Club
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317.281.0055

Secretary Trevor Crafton
Cozy Acres Golf Complex
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812.273.3137

Treasurer Cathy Moritz
Shady Hills Golf Course
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765.668.8256

Candace Armstrong
Hazelden Country Club
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219.275.4222

Randy Ballinger
Walnut Creek Golf Course
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765.998.7651

Gregory Hole
West Chase Golf Club
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317.892.7888

INDIANA GOLF COURSE OWNERS DELIVER MESSAGE TO LEGISLATORS

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Lt Governor Becky Skillman hears from Al Martell, Chief Operating Officer - Leisure Division, HDG Mansur

Errol Klem, Winchester Golf Club shares a moment with Barry Wood, Assessment Division Director, Department of Local Government Finance

Indiana's golf course owners were well represented April 12th at the Indiana Statehouse for The Business of Golf event hosted by the Indiana Golf Course Owners Association in conjunction with the Indiana Golf Office, Indiana Golf Course Superintendents and the Club Managers Association.

Attendance exceeded expectations, as did interest from lawmakers, during the event to acknowledge the significant impact of golf on the Indiana economy, environment, healthy Hoosier lifestyles, and support of charitable organizations.

Golf contributes $909.6 million in direct revenue in Indiana

Golf provides 21,173 jobs in Indiana

Golf provides $530.7 million in total wage income

Golf facility operations contributed $608.9 to the economy

Legislators and the media were invited to enjoy a catered lunch of fun golf fare, elegantly presented, while hearing the importance of golf in Indiana. The program included presentations by Mike David, Executive Director of the Indiana Golf Office, Ted Bishop, Vice President of PGA of America and Linda Rogers, President of Indiana Golf Course Owners Association and Vice President of NGCOA.

Golf lessons were provided by PGA professionals and a hitting range provided some mid-day exercise for lawmakers and their staff.

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The Association appreciates the support of owners who attended. See the full Indiana Golf Economic Impact Study ...

Linda Rogers addresses the audience at the Statehouse

NEW INFORMATION ON PROPERTY TAX ASSESSMENTS

Although this Association has invested a considerable amount of time and resources in working with the Indiana General Assembly to pass legislation to help golf courses obtain fair property tax assessments, some are still meeting with resistance, or misunderstandings in implementing the new method. Assessing officials are required to use the Income Capitalization Approach when assessing golf courses. They can no longer use the cost method, or comparable sales which most assessors historically used.

As detailed in House Bill 1447, there is not a set Cap Rate for everyone. According to Linda Rogers, "The cap rate is basically a way to convert income into an estimate of market value. Most golf courses have a cap rate of 12-14%. Cap rates for golf courses continue to rise due to the risk involved. Your assessing official should be able to provide your Cap Rate." According to the legislation, personal property, or income derived from personal property is not included in the assessment (cart revenue less expenses).

The Association continues to work with the Department of Local Government Finance to assist with communicating information about the changes. Recently, Barry Wood, of the Department of Local Government Finance, issued a memo to assessors to review issues that have developed related to the legislative changes. It remains important for golf course owners to provide income and expense information to their assessors.

For more information contact Donna Deno, INGCOA Executive Director at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 765.490.5997.

NGCOA DETERMINES POSITION ON THIRD PARTY RESELLERS
Considering a partnership with a third party tee time reseller? Take a moment for due diligence and explore the NGCOA's best practices to help make an informed decision and optimize the relationship with resellers. The NGCOA provides suggestions for contract terms, brand protection and tee time inventory. See more...

JOIN US FOR THIS YEAR'S GOLF OUTING

The INGCOA Golf Outing Committee of Al Martell, Ron West and Candace Armstrong invite you to a unique and quality event, promising to deliver business value to those who attend.

This year's golf outing, at the award-winning Hawthorn's Golf & Country Club will include a business seminar, tours of the Hawthorn's state-of-the-art kitchen, a suppliers' field day with exhibits and a unique twist to scoring, coupled with a great time. Mark your calendars now for Monday, July 25th. This is an event you won't want to miss!

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This is a rare opportunity to play the exclusive and private Hawthorn's Golf Course. Designed by Arthur Hills, the course winds through 275 acres of woods and wetlands. The course offers scenic, meticulously grooomed fairways and bent grass greens. The Hawthorns has hosted noted regional and national events including US Open qualifiers and the Indiana PGA Championship. Experiencing the exceptional appointments of the clubhouse, the extent of facilities included in club amenities, and the attention from a top-rate staff, is an absolute must.

10:30 Event Registration
11:00 Business Session (bring your property tax questions)
12:00 Lunch
1:00 Golf Outing - scramble format

$ 35 to attend Business Session and lunch only
$110 per person for full event
$400 per registered foursome

Non-member special: Attend this full event and apply $50 of registration fee toward your new NGCOA annual membership.

REGISTER ONLINE NOW......

We appreciate the NGCOA Preferred Partners who support us in providing this program:

WELCOME NEW MEMBERS
The Indiana Golf Course Owners Association is pleased to welcome the following new members:

French Lick Resort	David Harner, PGA	French Lick
Hamlet Golf Course	Scott Lippens	Hamlet
Legacy Hills Golf Course	Jim Magnuson	LaPorte
Scherwood Golf Concessions	Marvin & Eileen Hanson	Schererville
Sycamore Hills Golf Club	Donald Hunter	Fort Wayne
Tippecanoe Country Club	James Ousley, PGA	Monticello
Whispering Creek Golf Club	Jeff Graves	New Haven
Willow Ridge Golf Course	Lori Woods	Fort Wayne

CALLING FOR NOMINATIONS
Calling all candidates who feel their course merits the honor of being Indiana Course of the Year! Don't be shy. Tell us about your achievements. Take a look at your operations and management and determine how you rate in the following categories:

*	Exceptional quality of course
*	Exceptional quality of ownership and management
*	Outstanding contribution to the community
*	Significant contribution to the game of golf in area markets
*	Provides a model operation for peers

These are the qualifications for Course of the Year nominations. The application process is easy and your course could take home the title. Deadline is August 1, 2011. Click here for more information and an application form.

MARK YOUR CALENDAR NOW:

The INGCOA Annual Business Conference will be held Wednesday and Thursday, November 2-3, 2011 at French Lick Springs Resort. Don't miss it. Plan ahead and mark your calendar now.

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P.O. Box 636 Monticello, Indiana 47960 765.490.5997
www.ingcoagolf.org