Games Operating Budget
Private funding constitutes 74% of Games revenue sources, and is derived from international and domestic sponsorships, licensing and merchandising, ticket sales and fundraising, and a portion of the worldwide sale of Games television broadcast rights.
VANOC has collected or has received commitments for revenues for
approximately $1.1 billion (69 per cent) of its $1.63 billion
operating budget and anticipates collecting an additional $505
million.
Of the $1.63 billion in expenditures, $722 million of goods and
services remains to be committed. VANOC is carrying an operating
budget contingency of $100 million to address any potential
shortfalls in these revenues or increased expenditures.
The current Vancouver 2010 Winter Games operating budget
(revenues and expenditures) is:
| REVENUE SOURCE |
$CAD
|
| IOC Contribution |
579,700,000
|
| Less – cost of providing Olympic Broadcast Services (OBS) |
(178,000,000)
|
| IOC Net contribution |
401,700,000
|
| Other IOC revenue |
35,000,000
|
| IOC International Sponsorship Program |
201,404,000
|
| Domestic Sponsorship |
760,000,000
|
| Ticketing |
231,854,000
|
| Licensing & Merchandising |
46,026,000
|
| Paralympic revenue |
40,000,000
|
| Other |
110,502,000
|
| TOTAL REVENUE |
1,826,486,000
|
| Less: Marketing rights royalties |
(197,217,000)
|
| NET REVENUE |
1,629,269,000
|
| EXPENDITURE BY DIVISION |
$CAD
|
| Revenue, Marketing and Communications |
126,427,000
|
| Sport, Paralympic Games and Venue Management |
186,436,000
|
| Service Operations and Ceremonies |
548,130,000
|
| Technology and Systems |
398,500,000
|
| Human Resources, Sustainability and International Client Services |
153,144,000
|
| Finance and Legal and CEO Office |
116,632,000
|
| Project Contingency – Games Operations |
100,000,000
|
| TOTAL EXPENDITURES |
1,629,269,000
|
Related Information:
-
VANOC Budget (PDF, 166KB)
-
Budget Schedules (PDF, 72KB)
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