Operating Budget

The 2010 Olympic Winter Games operating budget is financed by private sector revenue sources. These sources include a portion of the worldwide sale of Games television broadcast rights negotiated by the International Olympic Committee (IOC), international and domestic sponsorships, licensing and merchandising, ticket sales and fundraising.

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)

© 2009 The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games
Olympic and Paralympic Games photography © Getty Images, unless otherwise stated.