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NOC To Strengthen Funds Management

Oceania National Olympic Committees (ONOC) executive director Dennis Miller believes the main challenge now is strengthening the funds management capacity. He made the comment during the two-day Olympic Solidarity Forum
01 Apr 2017 11:27
NOC To Strengthen Funds Management

Oceania National Olympic Committees (ONOC) executive director Dennis Miller believes the main challenge now is strengthening the funds management capacity.

He made the comment during the two-day Olympic Solidarity Forum which ended at the Sofitel Resort and Spa on Thursday.

The various NOC funding increased during the 2017 to 2020 quadrennial cycle, with nearly $22 million set aside by the International Olympic Committee’s (IOC) Olympic Solidarity programme for the region.

“There is an increase basically 14 and 16 percent since the last quadrennial ending last year and that from ONOC we will assist NOC to have more funding for their national programmes and activities, training athletes and coaches.

“Also more funding for equipment and also funding development officers, development programme, we also got other funding for other programmes increase.

“Increase funding in women in sports commission, the athletes commission and the medical commission. We are now explaining in detail to our Olympic committee regarding this, how to report and increase responsibility on financial management so their funds are properly reported on,” Miller added.

ONOC expects NOC to plan their strategic well.

“If they can use that money in their own athletes development programme that’s planning ahead for the Pacific Games, Olympic Games, Commonwealth Games.

“The NOC should really plan well in preparing their teams. In the two days our main plan was to strengthen the management capacity of NOC.”

Miller said $100,000 has been set aside for activities, $45,000 for administration, $20,000 for sports development officers and $15,000 for equipment.



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