2005ANNUALCONVENTION &TAX SEMINAR

MONTEREY,CALIFORNIAAUGUST 1-3

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Far WesternChapter welcomesConventionattendees

The Far Western Chapter isexcited to play host this summerto NSAC’s 70th Annual Conven-tion & Tax Seminar in beautifuland breathtaking Monterey,California.

We have planned a great pro-gram this year that includesexcellent tax and technical ses-sions for our attendees as well assome wonderful social activities forfriends and family. You will notwant to miss out on any of it.

Monterey Peninsula’s premierhotel, The Portola Plaza Hotel,is our meeting destination. Lo-cated in the heart of Monterey, it iswithin walking distance toFisherman’s Wharf, the world-class Monterey Bay Aquarium,pristine beaches and the beautifulMonterey Bay harbor.

If you have never visited thisarea, your itinerary should includethe Monterey Bay Aquarium,Cannery Row, Fisherman’s Wharf,and 17-Mile Drive. For those ofyou who enjoy shopping, Montereyand Carmel offer fabulous littleboutiques of every kind—apparel,art, jewelry, etc. Monterey Countyis known as the Golf Capital of theWorld and is a golfer’s delight.With more than 20 public golfcourses to choose from, it is alsohome to the legendary PebbleBeach Golf Links. For additionalinformation on Monterey, pleasevisit www.monterey.org orwww.montereyinfo.org.

We look forward to a wonderfulturnout as you will not be disap-pointed both in the conference andthe great activities we haveplanned. Bring your family and getset for a spectacular time.

Dan NutleyGeneral Chair

What is the National Society ofAccountants for Cooperatives?

The National Society of Accountants for Cooperatives (NSAC) is aprofessional society, formed in 1936, comprised of more than 1,400individual members actively involved with the financial management andplanning of cooperative business.

NSAC members are either employed by a cooperative or provideprofessional services for cooperatives. They include, but are not limitedto, accountants, auditors, attorneys, bookkeepers, bankers, chiefexecutive officers, chief financial officers, tax professionals and otherfinance, accounting and information technology professionals.

NSAC’s Mission Statement and Long Range GoalsWe are a national professional society that is a leader in:

Providing accounting, tax and business education uniquely tailoredto cooperatives;

Providing networking and professional development opportunities forour membership and;

Supporting cooperative business interests in standard settingprocesses to enable our membership to effectively servecooperatives.

Our long range goals include: Improve the support of NSAC by executives of major United Statescooperatives.

Improve the level of member involvement and participation in nationaland chapter activities.

Improve the quality of the leadership training and educationalprograms at both the national and chapter level.

Improve communications between NSAC and its members. Improve the coordination of national and chapter activities supportingthe mission and goals of NSAC.

For more information about NSAC and its many benefits, contact theNational Office at (937) 222-6707 or by email at info@nsacoop.org or visitus on-line at www.nsacoop.org or www.nsac.coop.

NSAC 2005 Annual Convention & Tax Seminar

You should attendif you are . . .o an accountanto an attorneyo a financial officero a cooperative managero a consultanto interested in current

cooperative accounting, taxand management issues

In the past, the Annual Conven-tion & Tax Seminar has attractedprofessionals representing coopera-tive organizations throughout thenation. Whether you are new tothe profession or someone with a

great deal of experience, you willleave with skills and informationthat will assist in moving forwardboth professionally and personally.

Benefits ofattending

Besides unlimited networkingand educational opportunities, youwill earn up to eight (8) hours ofContinuing Professional Education(CPE) credit for attending all of theTax Seminar on Monday, August 1and up to eleven (11) hours of CPEby attending all of the generalsessions on Tuesday, August 2and Wednesday, August 3.

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The greatestmeeting of landand sea . . .

NSAC 2005 Annual Convention & Tax Seminar

The Monterey Peninsula is a notonly a place to experience breathtakingscenery, but a perfect place for a roman-tic vacation or exciting experiences foryou and your family. There are so manyyear-round activities that you’re limitedonly by your time and sense of adven-ture.

From historic adobes and landmarks to Fisherman’s Wharf and theMonterey Bay Aquarium, Monterey has something for everyone. VisitSteinbeck’s ‘Cannery Row’ at Monterey Bay, Colton Hall, and theMonterey Museum of Art. Stroll the recreational trail along the coast orsee the wildlife close-up on a kayak adventure. The quaint Carmel-by-the-Sea boasts Point Lobos, Carmel and Lagoon Beaches, the TorHouse, Carmel Mission, and a variety of art and photography galleries.

When in Pacific Grove don’t forget to check out the Monarch butter-flies which make PG home for the winter, Asilomar State Beach,historic bed and breakfast inns, Lover’s Point and the Pacific GroveMuseum of Natural History.

Carmel Valley is home to many wineries, farms, ranches and thebeautiful Garland Ranch Regional Park.

And don’t miss Big Sur with its Esalen Institute, Henry Miller Memo-rial Library, Point Sur Lighthouse, camping, hiking, beautiful redwoodgroves and excellent whale-watching.

Explore the Salinas Valley, Steinbeck’s “Valley of the World.” Thisfertile agricultural region is home to the National Steinbeck Center, theSteinbeck House, Wild Things, The Farm, the California Rodeo andaward winning wineries.

A world class area deserves world class shopping and the MontereyPeninsula is sure to make even the most experienced traveler smilewith the choices they find. With everything from shopping areas offeringmajor retailers to intimate specialty stores featuring handmade clothing,unique household furnishings, exquisite art objects from around theworld, and a plethora of galleries and crafts shops to a motor racingfan’s favorite shop at the track side souvenir shop of Laguna SecaRaceway, the visitor to the Monterey area is sure to discover a shoppingheaven and a perfect remembrance of their time in Eden. Shopping inCarmel is truly a unique experience. Carmel is cosmopolitan in qualityof service and style while rural in setting. Because of its European flavorsome have dubbed Carmel “the Carmel Riviera.” Ocean Avenue is themain street from which the adjoining blocks stem out to unfold someexceptional shopping opportunities. These range from shopping centersto small boutiques, jewelry stores and, of course, art galleries. You’resure to find something you’ll want to take home with you in one ofCarmel’s many nooks, crannies, alleyways and mini-malls.

Offering unlimitednetworkingopportunities

The New Members’ Recep-tion offers members who havejoined NSAC within the lastyear an opportunity to meetand network with NSAC’sBoard of Directors and ChapterPresidents, and will be held atthe Portola Plaza Hotel. ThePresident’s Reception will takeplace at the premiere aquariumin the world—the MontereyBay Aquarium. For thePresident’s Reception, partici-pants can begin walking overfrom the hotel between6:30p.m.-6:45p.m. Theaquarium’s exhibits offer adiver’s eye view into theunderwater environment ofMonterey Bay. All conventionparticipants are invited toparticipate in this off-sitereception.

Receptions to beheld at thePortola PlazaHotel andMonterey BayAquarium

Schedule at a Glance Friday, July 29, 2005 6:30 p.m. – 9:30 p.m. NSAC Executive Committee Meeting

Saturday, July 30, 2005* 10:00 a.m. – 12:30 p.m. NSAC Board of Directors Meeting* 12:30 p.m. – 1:30 p.m. NSAC Board of Directors Working Luncheon* 2:00 p.m. – 5:00 p.m. NSAC Board of Directors Strategic Planning Meeting* *Includes 2005-2006 National Director nominees

Sunday, July 31, 2005 8:00 a.m. – 9:00 a.m. Audit and Finance Committee 8:00 a.m. – 9:00 a.m. Convention Planning & Resource Committee 9:00 a.m. – 10:00 a.m. Small Cooperative Committee 10:00 a.m. – 5:00 p.m. Registration Desk Open 10:15 a.m. – 11:45 a.m. Education Committee 10:15 a.m. – 11:45 a.m. Membership Development Committee & Chapter Mentors 11:45 a.m. – 12:45 p.m. TCA Committee 11:45 a.m. – 12:45 p.m. Technology Committee 1:15 p.m. – 2:45 p.m. Chapter Development Committee and Subcommittees 3:00 p.m. – 5:00 p.m. Chapter Officers & Directors Workshop

Monday, August 1, 2005 - Tax Seminar 6:30 a.m. – 7:50 a.m. Accounting & Auditing Committee and Continental

Breakfast 7:00 a.m. – 5:00 p.m. Registration Desk Open 7:00 a.m. – 8:00 a.m. Continental Breakfast 7:55 a.m. – 8:10 a.m. Welcome and Introduction/Early Bird Prizes

Concurrent Session A 8:10 a.m. – 12:00 Noon Principles of Cooperative Taxation - Tony Burrell, Illinois

Agricultural Auditing Association; Mike McIntyre, Michael D. McIntyre PLC; Jason Reschly, Blackwell, Sanders, Peper, Martin, LLP

Concurrent Session B 8:10 a.m. – 9:00 a.m. Deferred Compensation - Impact of AJCA - Marla

Aspinwall, Loeb & Loeb LLP; John MacDonald, KPMG LLP 9:00 a.m. – 9:40 a.m. New Equity Issues - Mike McIntyre, Michael D. McIntyre

PLC; Joel Dahlgren, Lindquist & Vennum PLLP 9:40 a.m. – 10:00 a.m. Refreshment Break 10:00 a.m. – 10:40 a.m. New Equity Issues - Mike McIntyre, Michael D. McIntyre

PLC; Joel Dahlgren, Lindquist & Vennum PLLP 10:40 a.m. – 11:05 a.m. Uniform Cooperative Law Project and Impact of New

State Statutes - Dan Mott, Fredrikson & Byron, P.A.

11:05 a.m. – 11:50 a.m. Manufacturing Deduction - General Rules - Dave Antoni, KPMG LLP; Don Butwill, Moss Adams LLP; Teree Castanias, KPMG LLP; Barry Jencik, Standera & Jencik

11:50 a.m. – 12:00 Noon Questions & Answers Session – Teree Castanias, Tax Committee Chair

12:00 Noon – 1:00 p.m. Lunch 1:15 p.m. – 2:05 p.m. Manufacturing Deduction - Coop Rules – Dave

Antoni, KPMG LLP; Ed Bercot, CPA; Don Butwill, Moss Adams LLP; Teree Castanias, KPMG LLP; Barry Jencik, Standera & Jencik

2:05 p.m. – 2:55 p.m. Current Developments: Case and Ruling Activity - George Benson, McDermott, Will & Emery, LLP Legislative Update - Marlis Carson, National Council of Farmer Cooperatives IRS Subcommittee/Activity Update - Mike McIntyre, Michael D. McIntyre PLC

2:55 p.m. – 3:15 p.m. Refreshment Break

Concurrent Session C 3:15 p.m. – 4:55 p.m. Small Cooperative Roundtable - Dale Carlson, Carlson &

Highland Company; Ed Bercot, CPA; Tony Burrell, Illinois Agricultural Auditing Association; Dwayne Campbell, Campbell, Shaffer & Company; Mike McIntyre; Michael D. McIntyre PLC

Concurrent Session D 3:15 p.m. – 4:55 p.m. Large Cooperative Roundtable - Don Butwill, Moss Adams

LLP; Dick Cisne, Hudson, Cisne & Co., LLP and others 5:45 p.m. – 6:30 p.m. New Member's Reception – Portola Plaza Hotel 6:30 p.m. Walk to Monterey Bay Aquarium for President's Reception 6:45 p.m. – 8:00 p.m. President’s Reception (light hors d’oeuvres) 7:00 p.m. – 9:00 p.m. Monterey Bay Aquarium – Near Shore Wing open

Tuesday, August 2, 2005 - Convention 6:45 a.m. – 7:50 a.m. Tax Committee and Continental Breakfast 7:00 a.m. – 5:00 p.m. Registration Desk Open 7:00 a.m. – 7:45 a.m. Continental Breakfast 7:55 a.m. – 8:15 a.m. Welcome, Opening Remarks, and Early Bird Prizes 8:15 a.m. – 9:05 a.m. Consolidation of Cooperatives – Kevan Acord, Kevan D.

Acord, P.A.; Mike Fayhee, McDermott, Will & Emery, LLP 9:05 a.m. – 9:55 a.m. SAS 99 and Impact on Audits – Jeff Brandenburg, Clifton

Gunderson, LLP 9:55 a.m. – 10:15 a.m. Refreshment Break 10:15 a.m. – 11:05 a.m. Cooperatives Adjusting to Globalization – John Shelford,

Global Berry Farms 11:05 a.m. – 11:55 a.m. Implications of Sarbanes-Oxley on All Sizes of

Cooperatives – David Burlage, CoBank, ACB; Phil Miller,

Southern States Cooperative 12:00 Noon – 1:30 p.m. Awards Luncheon - Business Meeting 1:40 p.m. – 2:30 p.m. Cooperative Executive Perspective - Doug Youngdahl,

Blue Diamond Growers 2:30 p.m. – 2:50 p.m. Refreshment Break 2:50 p.m. – 4:30 p.m. FASB Update on Major Issues – Sue Bielstein, Financial

Accounting Standards Board 4:30 p.m. – 5:00 p.m. Check 21 – Jim Fannan, CoBank, ACB 5:00 p.m. – 6:00 p.m. Board of Directors Meeting / Executive Committee

Meeting 5:20 p.m. National Program Planning Committee Evening is open

Wednesday, August 3, 2005 6:45 a.m. – 7:50 a.m. Convention Planning and 2005 Host Committees and

Continental Breakfast 7:00 a.m. – 8:00 a.m. Continental Breakfast 7:00 a.m. – 12:30 p.m. Registration Desk Open 7:55 a.m. – 8:15 a.m. Introduction/Early Bird Prizes 8:10 a.m. – 9:05 a.m. FASB and AICPA Issues – Frank Messina, University

of Alabama at Birmingham; Greg Taylor, D. Williams & Co.; Skip Wagoner, Southern States Cooperative

9:05 a.m. – 9:55 a.m. AICPA Top 10 Technologies, including paperless accounting and document management – Roman Kepczyk, Info Tech Partners North America

9:55 a.m. – 10:15 a.m. Refreshment Break 10:15 a.m. – 11:05 a.m. Finance & Equity Markets – Brian Callaci, Merrill Lynch 11:05 a.m. – 11:55 a.m. Cooperatives Going Public – Matt Connors, Diamond of

California 11:55 a.m. – 12:00 Noon Late Bird Prizes – Sponsor Committee 12:00 Noon Adjournment - Bill Erlenbush 12:30 p.m. – 2:00 p.m. NSAC Golf Tournament, Bayonet Golf Course

Registration and lunch at the Club House; driving range availability till 2:00 p.m.

2:00 p.m. Start 4-person tee times

NSAC is pleased to welcome the following speakers at our 2005 Convention: Kevan D. Acord, Attorney, Kevan D. Acord, P.A., Lenexa, KS David F. Antoni, Senior Manager, KPMG LLP, Philadelphia, PA Marla J. Aspinwall, Attorney, Loeb & Loeb LLP, Los Angeles, CA George W. Benson, Attorney and Partner, McDermott Will & Emery LLP, Chicago, IL Ed Bercot, CPA, Robstown, TX Sue Q. Bielstein, Director of Major Projects & Technical Activities, Financial Accounting Standards Board, Norwalk, CT Jeffrey A. Brandenburg, CPA, CFE, Partner, Clifton Gunderson, LLP, Madison, WI David P. Burlage, Vice President and Controller, CoBank, ACB, Greenwood Village, CO Tony Burrell, Audit Manager, Illinois Agricultural Auditing Association, Bloomington, IL Donald W. Butwill, Moss Adams LLP, Stockton, CA Brian Callaci, Managing Director, Merrill Lynch, Chicago, IL Dwayne E. Campbell, CPA, Shareholder, Campbell, Shaffer & Company, P.C., Enid, OK Dale Carlson, Auditor, Carlson & Highland Company, LLP, New Ulm, MN Marlis Carson, Vice President, Legal, Tax, Accounting, National Council of Farmer Cooperatives, Washington, DC Teresa H. Castanias, CPA, Partner, KPMG LLP, Sacramento, CA Richard L. Cisne, Partner, Hudson, Cisne & Co. LLP, Little Rock, AR Matthew A. Connors, Vice President & Controller, Diamond of California, Stockton, CA Joel J. Dahlgren, Attorney, Lindquist & Vennum, PLLP, Minneapolis, MN James P. Fannan, Vice President & Manager, CoBank, ACB, Greenwood Village, CO Michael R. Fayhee, Attorney, McDermott Will & Emery LLP, Chicago, IL Barry E. Jencik, Partner, Standera & Jencik, Pittsford, NY Roman H. Kepczyk, CPA, Consultant, InfoTech Partners North America, Inc., Phoenix, AZ John MacDonald, Managing Director, KPMG LLP, San Francisco, CA Michael D. McIntyre, Attorney/Accountant, Michael D. McIntyre PLC, Okemos, MI Frank Messina, DBA, CPA, University of Alabama at Birmingham Philip W. Miller, CPA, Vice President & Controller, Southern States Cooperative, Richmond, VA Daniel C. Mott, Attorney, Fredrikson & Byron, P.A, Minneapolis, MN Jason A. Reschly, Attorney, Blackwell, Sanders, Peper, Martin, LLP, Kansas City, MO John Shelford, President, Global Berry Farms, Naples, FL Gregory Taylor, CPA, Shareholder, D. Williams & Co., PC, Lubbock, TX Forrest S. (Skip) Wagoner II, Manager, SEC/Financial Reporting, Southern States Cooperative, Richmond, VA Douglas D. Youngdahl, President and Chief Executive Officer, Blue Diamond Growers

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Montreal Tourisme Bureau

Social ActivitiesFull day seminardevoted to tax

TaxSeminar

NSAC 2005 Annual Convention & Tax Seminar

The tax seminar offers a full day oftechnical sessions for the taxprofessional.

Concurrent sessions allowparticipants to pick a topic of theirchoice. Speakers from across thenation and all tax professions cover abroad range of topics for both thesmall and large cooperative andinclude a basic session on thePrinciples of Cooperative Taxation forthose new to cooperatives.

You will have the opportunity tohear Mike McIntyre and JoelDahlgren discuss new equity issuesimpacting cooperatives, apresentation which has been highlyrated by numerous cooperativeboards of directors. George Benson,a former NSAC President andleading cooperative tax authority, willspeak on current case and rulingactivity impacting cooperatives andMarlis Carson, Vice President,Legal, Tax & Accounting for theNational Council of FarmerCooperatives, will speak on issuesbefore Congress that could impactyour cooperative. Dan Mott will bringparticipants up-to-date on theuniform cooperative law project andimpact of new state statutes.

Come hear experienced NSAC taxprofessionals in panel discussionscovering the impact of AJCA ondeferred compensation, new rulesrelating to the manufacturingdeduction and how they may impactyour cooperative, and the results ofthis year’s IRS survey report.

The day will close with the verypopular small and large cooperativeroundtables. If you have topics youwould like discussed in thesesessions, please submit them to theNational Office by July 15, 2005.Join us August 1!

The optional tours/activities below are subject to cancellation if theminimum numbers of participants are not met by the deadline.

Monday, August 1 (9:45 a.m. - 4:00 p.m.)Take a Walk on the Fun Side:Santa Cruz Beach Boardwalk

Board the bus at 9:45 a.m. outside the Portola Plaza Hotelentrance for a little over an hour trip up the coast to the PacificCoast’s only major seaside amusement park located on a mile-longbeach bordering the Monterey Bay National Marine Sanctuary. Bethe first to arrive as the park opens at 11:00 a.m. This isCalifornia’s oldest amusement park, home to two National HistoricLandmarks: the 1911 Looff Carousel and the 1924 Giant Dipperroller coaster. The park also offers a variety of children’s rides,games, arcades, laser tag, restaurants, an indoor miniature golfcourse, bowling, and entertainment for the entire family. Admissionto the Boardwalk is free and your price includes a group discountedall-day ride pass. There is plenty to do and see or just relax on thesandy white beach. New for 2005: There’s a DOUBLE SHOT ofthrills at the Santa Cruz Beach Boardwalk in 2005 as the parklaunches its newest thrill ride! This exciting new 125-foot tall towerride sends riders skywards at more than 3 G’s for a breathtakingview of the California Coast. On the way back down riders willexperience the weightlessness of negative G’s as they are shotback down to earth. The Boardwalk features 35 rides and over 15specialty shops. The arcade houses more than 300 of the mostpopular video and pinball games and includes a laser tag arena.With so much to do and see, you won’t be bored! And for thoseconnoisseurs of mouth-watering amusement park food, there areover 30 restaurants from which you can choose. After a fun andentertaining time at the park, you will need to start boarding the busat 2:30 p.m. to leave promptly at 2:45 p.m. to arrive back at thePortola Plaza Hotel by 4:00 p.m. You can visit the seaside park’swebsite at www.beachboardwalk.com.

A group of 20 is needed prior to June 30, 2005 to confirm thisactivity.

Monday, August 1 (10:00 a.m. - 4:00 p.m.)17-Mile ‘Movie Tour’

You’ll board the specially-designed coach from the entrance of thePortola Plaza Hotel at 10:00 a.m. to begin the Movie Tour of theMonterey Peninsula. Stops will be made at Bird Rock, which willtake about 45 minutes to get to, then on to Lone Cypress Tree andthe Lodge at Pebble Beach. Drive time between the second andthird stops will be about 10 minutes.

Did you know that memorable scenes in nearly 200 movies havebeen filmed on the Monterey Peninsula? Since 1987 the dramaticbeauty of the Monterey Peninsula has attracted directors, cinema-tographers and movie stars from around the world. Follow in theirfootsteps by traveling to many famous movie sites located inMonterey, Pacific Grove, Pebble Beach and Carmel. Watch scenes

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that were filmed at the exact location on overhead moni-tors onboard the luxury tour coach. Hear behind-the-scenes stories about the making of the movies and theirstars. Enjoy some of the most gorgeous scenery in theworld throughout the tour. Laughter, fun, songs, movies!After the stop at the Lodge at Pebble Beach, you’ll bedriven down to Carmel, where you can enjoy shopping atseveral exquisite boutiques and have lunch on your own atone of the charming cafes. You’ll need to be back on thebus no later than 3:15 p.m. to be returned to the Hotel by4:00 p.m.

A group of 20 needed prior to June 30, 2005 toconfirm this activity. The first 32 registrations will bereserved for this tour; additional registrations will beput on a waiting list.

Tuesday, August 2 (9:30 a.m. - 4:00 p.m.)National Steinbeck Center and Wine Tour

You will pull out of the entrance of the Portola PlazaHotel at 9:30 a.m. to be taken to The National SteinbeckCenter, which is a $15 million, 43,000 square foot museumand archive in Salinas, California—-Nobel-prize winningauthor John Steinbeck’s birthplace. The Center offers thevisitor three distinct experiences through interactiveexhibits and film. Experience Literature in the JohnSteinbeck Exhibition Hall, Agriculture & History in theValley of the World agricultural wing and Art & Culture inthe Gabilan Gallery. The Gabilan Gallery is a changingexhibit gallery, which accommodates a variety of art andcultural exhibits each year. They are proud to be showingthe “The Graceful Envelope” June 17 through September18, 2005. This special exhibit is a Smithsonian InstituteTraveling Exhibit featuring charming cancelled stamps andenvelopes from the Postal Museum’s Graceful Envelopecontest. The Center features a museum store where JohnSteinbeck’s books and films can be purchased in additionto a unique inventory of gift items and collectibles. This isa self-guided tour. For more information, visit the websiteat www.steinbeck.org.

After visiting the Center, you will board the bus no laterthan 12:00 Noon for a drive to the beautiful Chateau Julien,where you will receive a boxed lunch and can dine out onthe patio/veranda upon your arrival around 1:15 p.m. At2:00 p.m. the guide will take you on a tour of the winery,where you have the opportunity to taste several superbwines. Wrapping up the visit, you may want to stop in atthe Chateau Julien Tasting Room Gift Shop to make apurchase of one of the delectable wines you had sampledearlier. Plan on boarding the bus at 3:10 p.m. so it canleave by 3:15 p.m. sharp in order to arrive at the hotelbefore 4:00 p.m. For further information, visit ChateauJulien’s website at www.chateaujulien.com.

A group of 20 needed prior to June 30, 2005 toconfirm this activity.

NSAC 2005 Annual Convention & Tax Seminar

Fore! Golf that is . . . at thebeautiful Bayonet Black HorseGolf Course on Wednesday,August 3

Guaranteedshotgunstartrequires aminimumof 40playersregisteredbyThursday,June 30, 2005.

Mark your calendars for Wednesday,August 3, 2005. It is NSAC’s annual golftournament to be held at the beautiful, butchallenging Bayonet Golf Course. Aminimum of 40 players are needed to beginwith a shotgun start of 2:00 p.m. in a 4-person scramble format.Registration and lunch will begin at 12:30p.m. at the Club House, with driving rangeavailability until 2:00 p.m.

With over 7,094 yards of oak and cypresslined fairways, Bayonet Golf Course wasdesigned in 1954 by General Robert McClure,the Commanding Officer of the post at thattime. McClure, a left-handed golfer with asevere slice, designed the course to fit hisgame. This is evidenced by holes #11-15, aseries of sharp doglegs, widely known as“Combat Corner,” interrupted only by a 215yard uphill par 3. Notoriously known for itsmagnificently manicured, long, and narrowfairways, Bayonet is one tough but rewarding18-hole adventure. With four sets of tees, thecourse is a par 72, with a slope of 139 and arating of 75.1. Jack Nicklaus has said, “#4on Bayonet is the toughest par 5 in golf.”Bayonet offers golf enthusiasts an experiencethey are unlikely to forget! Tournament feesare $100 per player and include greens fees,1/2 cart and lunch. Prizes will be awarded.Rental of Callaway golf clubs are available for$45 per set and must be reserved in advance.To view the golf course, please visit thewebsite at www.bayonetblackhorse.com.

NSAC’s golf outing

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ConfirmationEach registrant will receive written

confirmation of registration. Badgesand materials will be available atthe registration desk.

General InformationRegistration

Your registration fee covers allsessions, course materials,refreshment breaks, continentalbreakfasts, lunches and receptionson the days registered. Hotelaccommodations and other mealsare not included. Information abouthotel reservations and arrangingtransportation appears elsewhere inthis brochure.

Spouses, guests and childrenare encouraged to attend thevariety of social activities. There aretwo types of registration fees forspouses, guests and/or childrenwith one including Monday’sbreakfast and reception and theother including three breakfastsand the reception.

By MailMail your registration form with payment to:NSAC136 South Keowee StreetDayton, Ohio 45402

By Telephone or FaxCall in or fax your registration form with paymentinformation to:NSAC(937) 222-6707Fax (937) 222-5794

By InternetRegister on-line via the NSAC Web site. Visit thesite at www.nsacoop.org or www.nsac.coop. NSACuses a secure server. Registrations cannot be pro-cessed without full payment or a P.O. number.

Registration DeskSunday, July 31, 200510:00 a.m. - 5:00 p.m.

Monday, August 1, 20057:00 a.m. - 5:00 p.m.

Tuesday, August 2, 20057:00 a.m. - 5:00 p.m.

Wednesday, August 3, 20057:00 a.m. - 12:30 p.m.

PaymentAll registrations must be accom-

panied by payment in the form of acheck or credit card (Visa,MasterCard or American Express).Checks must be drawn in U.S.funds and made payable to NSAC.We encourage you to register on-line; you may note on the registra-tion form that payment will followwithin a week. In order to receivethe early bird rates, payment mustbe received by the National Officeno later than June 30. Registrationscannot be processed without fullpayment or a purchase order. Thesociety’s Taxpayer ID number is56-6045918.

NSAC 2005 Annual Convention & Tax Seminar

TransportationGetting to the Monterey

Peninsula from outside Californiacouldn’t be easier. Fly directly intoMonterey’s hassle-free airportlocated just 10 minutes from thehotel. The Monterey PeninsulaAirport is located just four milesfrom the Hotel. Taxi service isapproximately $10 each way. Thisrate is subject to change. Airlinesservicing the Monterey PeninsulaAirport include American, Unitedand America West, offering 80flights daily. Other travel optionsinclude flying into San JoseInternational Airport, a quick one-hour drive, or San FranciscoInternational Airport, a 1.5 hourdrive down the picturesqueCalifornia coast. Monterey issituated 60 miles south of SanJose International Airport, 120miles south of downtown SanFrancisco and 340 miles north ofLos Angeles.

Local Ground TransportationUpon arriving at the airport, you

can select several different ways to

Cancellation PolicyNotification of cancellation must

be submitted in writing to NSACheadquarters. Cancellationsreceived by mail, fax or email byFriday, July 8, 2005, will be subjectto a $25 cancellation charge. Norefunds will be given after Friday,July 8, 2005. Substitutions areallowed at any time but must besubmitted in writing and be for thesame registration category.

Special AssistanceNSAC’s staff will be happy to

assist you with any special needs.If you require specialassistance, please notifyNSAC in writing prior toFriday, July 8, 2005 or

indicate assistance is needed onthe registration form, so that yourneeds can be properlyaccommodated.

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name, arrival date and the words"hotel guest" on the mailing label.

If you wish to make your reserva-tion on-line, visitwww.portolaplazahotel.com/group.cfm and enter taxes as thepassword. Reservations can alsobe made by telephone at (831) 649-4511 or (888) 222-5851. Be sure torefer to the National Society ofAccountants for Cooperatives(NSAC) to obtain the discountedrate. The group’s room block willbe released on June 30, 2005.Reservations received after thisdate will be reserved on a spaceavailability basis at the group rate.The group’s rate is $170 for singleoccupancy or $180 for doubleoccupancy plus tax (currently10.05%) per night. The group rateis available three days post-eventfor those wishing to spend a fewdays in the area. To secure areservation, a deposit equivalent toone night’s room and tax, or theguarantee of same by credit card isrequired at time of reservation.

The newly renovated PortolaPlaza Hotel at Monterey Bay islocated in the middle of everythingthat is the Monterey Peninsula.The 370 boutique-style guestrooms, many with bay views, offerall the comfort, security andamenitites you would expect.From the freshly baked cookies tothe pampered treatment you’llreceive in the European Spa, thehotel will provide the friendly,personal attention you deserve.Within the hotel you will find a fine-dining restaurant, casual grill, andBrewPub.

Some Standard Amenities:o Oversize work desko Two-line phones in roomso High-speed Internet accesso Guest voice mail serviceso In-room coffee serviceo Same day laundry and dry

cleaning serviceso Hair dryers and make-up mirrors

get to the hotel, from taxi to rentalcar to the local transit system.For more information on yourground transportation options, visitwww.montereyairport.com/groundtrans.php.

See directions below from theMonterey Peninsula Airport to thePortola Plaza Hotel:

o Exit Airport onto Highway 68West

o Exit Highway 1 South. Stay inthe right hand lane for next exit.

o Exit the Monterey/Fisherman’sWharf exit.

o At the first stoplight make a righthand turn onto Aguajito.

o Continue on Aguajito until it endsat Del Monte Avenue.

o Turn left on Del Monte Avenueand continue straight for threestoplights.

o At the third stoplight get in theleft hand lane to continuestraight on Del Monte to thePortola Plaza Hotel, which willbe on your right side.

For additional maps and directions,visit www.portolaplazahotel.com.

HotelAll scheduled educational events

will take place at the Portola PlazaHotel and the Monterey ConferenceCenter which adjoins the hotel’slobby. The hotel is located at TwoPortola Plaza, Monterey, CA93940. Should you need to sendpackages to the hotel, include your

NSAC 2005 Annual Convention & Tax Seminar

Resources tocomplement yourlearning experience!

Each full convention registrantwill receive one copy of all sessionhandouts accompanied by anotebook for takingnotes duringeducationalsessions. Acompact disc ofconvention proceedings will besent to participants after theconvention. The CD also includesimportant information about NSACservices and products as well asinformation regarding the NSACWebsite – your resource forprofessionals involved inaccounting for cooperatives.

AttireConvention participants should

wear casual business attire,defined as dress slacks or casualdress wear. No jeans, please. Thereception dress is casual dress.Please be sure to bring a sweateror light jacket as meeting roomtemperatures tend to vary.

WeatherThe weather in Monterey County

varies significantly depending uponthe time of year, the time of dayand the area visited. The coast isconsistently mild, with an averagetemperature of 57 degrees year-round. Warm clear days and coolnights characterize the spring andautumn months. Summer tends tobring fog, especially early and latein the day. Inland temperaturestend to be more extreme withhigher temperatures in the sum-mer. Sunscreen is a wise precau-tion especially inland. Dressing inlayers is advised since the varia-tions in climate are so great.Generally, light- to medium-weightclothing is appropriate.

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NSAC 2005 Annual Convention & Tax Seminar

CPE approvedThe National Society of Accoun-

tants for Cooperatives (NSAC) isregistered with the National Asso-ciation of StateBoards of Accoun-tancy (NASBA),National Registryof CPE Sponsors(#103068) as asponsor of continuing professionaleducation. State boards of accoun-tancy have final authority on theacceptance of individual courses forCPE credit. Complaints regardingregistered sponsors may beaddressed to the National Registryof CPE Sponsors, 150 FourthAvenue North, Nashville, TN,37219-2417. Web site:www.nasba.org. In accordance withthe standards of the NationalRegistry, CPE credits are grantedbased on a 50-minute hour.

Upon course and evaluationcompletion, participants attendingthe 2005 Annual Convention & TaxSeminar desiring CPE credit canearn up to 19 hours.

Guest ActivitiesPlease see pages 6 & 7 for additional detail regardingthese activities and for information about tour minimumsand maximums.Monday, August 1, 2005

6:00 a.m. – 10:30 a.m. Hotel restaurant open forbreakfast on your own (vouchersprovided to registered guests)

9:45 a.m. – 4:00 p.m. Optional Guest ActivitySanta Cruz Beach Boardwalk

10:00 a.m.–4:00 p.m. Optional Guest Activity17-Mile “Movie Tour” withScenic Vistas - Lunch andShopping in Carmel

6:45 p.m. – 8:00 p.m. President’s Reception (light horsd’oeuvres and beverages) at theMonterey Bay Aquarium – NearShore Wing open from 7:00 p.m. to9:00 p.m. for viewing

Tuesday, August 2, 2005

6:00 a.m. – 10:30 a.m. Hotel restaurant open forbreakfast on your own (vouchersprovided to registered guests)

9:30 a.m. – 4:00 p.m. Optional Guest ActivityNational Steinbeck Center,Wine Tour/Tasting andLunch

Wednesday, August 3, 20056:00 a.m. – 10:30 a.m. Hotel restaurant open for

breakfast on your own (vouchersprovided to registered guests)

12:30 p.m. Optional ActivityNSAC Golf Outing Registration and lunch at the

Clubhouse; driving rangeavailability before outing and ashotgun start at 2:00 p.m.Prizes awarded in Clubhouseat outing conclusion.

Chateau Julien boasts breathtaking vistas of the lushgreen valley where sunsets are unforgettable andrainbows bounce off the hills.

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Children (names and ages):

Tax Day Concurrent Session Selection - Check the box for the session you will attend; see schedule for topic descriptionsMonday, August 1, 2005Morning Concurrent Sessions (8:10 a.m. - 12:00 p.m.) Session A or Session BAfternoon Concurrent Sessions (3:15 p.m. - 4:55 p.m.) Session C or Session D

Fees - Circle the Applicable Fees On or Before 6/30/05 / On or After 7/1/05Members Non-Members Retired

Tax Seminar (Monday) Only $315/$395 $365/$445 $125/$125General Sessions (Tuesday/Wednesday) Only $425/$475 $475/$555 $125/$125Full Program (Monday/Tuesday/Wednesday) $495/$655 $655/$815 $200/$200Package Registration * Not Applicable $780/$860 Not Applicable

The following rates apply to all 3 categories above.Spouse/Guest Monday Only Registration ** $60/eachSpouse/Guest Full Registration *** $100/eachChild Monday Only Registration (12 and under) ** $50/eachChild Full Registration (12 and under) *** $65/eachOptional Golf Outing $100/eachOptional Santa Cruz Beach Boardwalk $53/eachOptional 17-Mile Movie Tour & Carmel Shopping $65/eachOptional Steinbeck/Wine Tasting Tour $73/each* Join NSAC with your registration and receive 12 months of membership.** Spouse/Guest and Child Monday Only Registrations include breakfast voucher and President’s Reception.*** Spouse/Guest and Child Full Registrations include three breakfast vouchers and President’s Reception.

Payment Check Enclosed Charge my MasterCard, Visa Card or American Express

Credit Card Number

Expiration Date of Card Cardholder’s Signature

Registrant Information (print or type)

Name: Nickname (for badge):

Firm:

Address:

City, State, Zip Code:

Telephone: Fax: Email:

Yes, I have special needs I am an NSAC member: Yes No

Guest’s Full Name (all registered guests will have a name badge):

2005 Annual Convention and Tax SeminarRegistration Form

Return this form to the National Society of Accountants for Cooperatives by:136 South Keowee Street, Dayton, OH 45402at (937) 222-6707at (937) 222-5794at info@nsacoop.org or on-line at www.nsacoop.org or www.nsac.coop

Is this your first NSAC AnnualConvention? yes no

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Register Today!

136 South Keowee StreetDayton, Ohio 45402

PRESORTEDSTANDARD

U.S. POSTAGEPAID

DAYTON, OHPERMIT NO. 1519

Contact us at -

National Society of Accountantsfor Cooperatives136 South Keowee StreetDayton, Ohio 45402(937) 222-6707Fax (937) 222-5794info@nsacoop.orgwww.nsacoop.org

2005ANNUALCONVENTION &TAX SEMINAR

MONTEREY,CALIFORNIAAUGUST 1-3

Register Today!

136 South Keowee StreetDayton, Ohio 45402

PRESORTEDSTANDARD

U.S. POSTAGEPAID

DAYTON, OHPERMIT NO. 1519

Contact us at -

National Society of Accountantsfor Cooperatives136 South Keowee StreetDayton, Ohio 45402(937) 222-6707Fax (937) 222-5794info@nsacoop.orgwww.nsacoop.org