the sydney 2000 olympic and paralympic games - Australian Sports ...

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INTRODUCTION Committee for the Olympic Games (SOCOG), the Sydney Paralympic Organising Committee (SPOC), the Olympic Roads and Transport Authority (ORTA), and the Olympic Security Command Centre (OSCC). A dedicated portfolio, that of the Minister for the Olympics, was established to ensure appropriate management and accountability processes were in place. Many other agencies, such as the Waterways Authority, NSW Department of Health, the Department of Sport and Recreation and the NSW National Parks and Wildlife Service were also required to pursue specific Games-related initiatives and services, and were funded separately for these initiatives. This report identifies these funding initiatives of Government. The net financial contribution of the NSW Government is detailed in the financial statements and related notes in Part One of the report. Costs included in this report have been captured and tabulated from specific State Budget funding and returns provided by NSW Government agencies. Inclusions have been based on identified amounts and in some cases the best estimate at the time of preparation of this report. In its co-ordination role OCA managed the assessment of Games funding requirements and established an Olympic budget process that monitored Games expenditure against specific funding provided to agencies. I am not aware of any circumstances that would affect the fair presentation of OCA expenditure and revenue in accordance with the accounting policies identified in Note 1. With respect to other agencies, costs and revenues are derived from State Budget funding and audited information particularly in relation to SOCOG and SPOC. The report has been compiled by OCA in consultation with all NSW agencies involved in the Sydney Olympic and Paralympic Games. On behalf of OCA and our companion Olympic Agencies, SOCOG, SPOC, ORTA and OSCC, I extend my deepest appreciation and thanks to these organisations and their staff for their outstanding effort and commitment to making the Sydney Games such a success. Robert L Adby Director General Olympic Co-ordination Authority, Sydney, New South Wales 31 March 2002 Any inquiries in relation to this report should be directed to: Director General NSW Premiers Department Level 39, Governor Macquarie Tower 1 Farrer Place, Sydney NSW 2000 5
EXECUTIVE SUMMARY The financial contribution made by the NSW Government to both the Sydney 2000 Olympic and Paralympic Games encompasses many agencies. Their achievements and the costs associated with their various activities are detailed in this report. The NSW Government underwrote the Games, and the financial contribution by the Government, as reflected in this report, is estimated at $1,326.1 million. This represents the marginal cost or budget impact of hosting the Games. Key components of the financial contribution by NSW Government include: • $1,185.7 million in relation to construction and capital works. • $793.4 million in relation to running the event. • $653.0 million additional tax revenue to the Government. These figures include allowances for: • $80.2 million returned to Government by the Sydney Organising Committee for the Olympic Games (SOCOG) from the Government’s contingency funding of $140 million. • $15.4 million returned from the Sydney Paralympic Organising Committee (SPOC) from the NSW Government grant of $35 million. Sydney was announced as the Olympic Host City for the Games of the XXVII Olympiad on 23 September 1993. This followed a determined and comprehensive effort by the NSW Government and the Australian Olympic Committee over a number of years to gain endorsement. Following the announcement, SOCOG was established by the NSW Government with responsibilities including the areas of sport competition, the Athletes Village, ticketing, sponsor servicing, technology, ceremonies, licensed products, the torch relay, arts festivals and Olympic broadcasting. In 1995, the Government established SPOC as a company limited by guarantee for the purposes of organising the Sydney 2000 Paralympic Games. The functions of SPOC were similar to those of SOCOG and while they remained separate and unique identities, economies of scale and efficiencies in operation were achieved by combining many of their operational methods and personnel. The Government also created the Olympic Co-ordination Authority (OCA), merging the Olympic activities that had previously been divided amongst five departments. OCA became the key agency to carry forward all tasks on behalf of the NSW Government for the planning, co-ordination and preparations for the 2000 Games, and was required to deliver venues and facilities for use during the Games. In particular, OCA was required to co-ordinate all aspects of the NSW Government’s involvement in Games programs and service provision. This included co-ordinating and reporting on the expenditures and Olympic initiatives of all government agencies and the management of the Government’s relationship with SOCOG and SPOC. Special arrangements were adopted by the many government agencies involved in Games activities. Many of those arrangements, the services provided and the benefits accrued, are reflected in this report. Of particular note are those agencies funded specifically for the purpose of providing additional services.
Page 1 and 2: THE SYDNEY 2000 OLYMPIC AND PARALYM
Page 3 and 4: FOREWORD Statement by the Hon Micha
Page 5: INTRODUCTION The Sydney 2000 Olympi
Page 9 and 10: Indeed no other event impacts more
Page 13 and 14: PART ONE : FINANCIAL CONTRIBUTION B
Page 29 and 30: PART TWO : PREPARATION FOR THE GAME
Page 31 and 32: PART TWO : PREPARATION FOR THE GAME
Page 33 and 34: PART THREE : LEGACY ASSETS FOR NSW
Page 43 and 44: PART FOUR : NSW GOVERNMENT AGENCIES
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PART FOUR : NSW GOVERNMENT AGENCIES
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PART FIVE : THE SYDNEY 2000 LEGACY
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APPENDIX 1 : OVERVIEW OF FINANCIAL
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GLOSSARY GLOSSARY ACEA Association
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