2016 CANDIDATURE PROCEDURE AND QUESTIONNAIRE

106_256
2016 Candidature Procedure and Questionnaire / Part 2 / Theme 7 – Finance
Theme 7 – Finance / Description of Olympic Games budget
categories
Games budget
categories
OCOG REVENUES
1. IOC
Contribution
2. TOP
sponsorship
The description of each budgetary caption listed below provides Candidate Cities with
information on what elements are to be taken into consideration in the preparation of
the budget according to the templates provided above.
In addition to the standard budget structure to be presented in the Candidature File,
comprehensive data supporting the build-up of each budgetary caption shall be
included as an annex to the Candidature File.
References in the descriptions below to “subsidiary schedules to be provided” refer to
the comprehensive data requested.
These are revenues earned by the IOC and then redistributed to the OCOG for
services rendered in the organisation of the Olympic Games, arising partly from the
sale of radio and television rights for the Olympic Games. The amount of such
contribution shall be decided by the IOC Executive Board. Note that such amount will
only become due to the OCOG on the successful delivery of the Olympic Games. The
IOC may elect to provide the OCOG with advances on such contributions on the
condition that it receives adequate security that such advances will be reimbursable
to the IOC in the event of any contingency such as full or partial cancellation of the
Olympic Games..
An estimate of the figure to be used in the budget will be provided by the IOC by
circular letter.
These are revenues arising from the international Olympic marketing programme (the
"TOP Programme") whereby major companies are granted certain exclusive worldwide
sponsorship rights in particular product or service categories. The IOC created the
TOP programme in 1985 in order to develop a diversified revenue base for the
Olympic Games and to establish long-term corporate partnerships that would benefit
the Olympic Movement as a whole. The IOC distributes TOP programme revenue to
each of the 205 NOCs throughout the world.
Revenues are received in the form of cash and the monetary value of "Value in Kind"
(VIK) goods and services. This item will be reflected as net of the IOC’s management
cost.
Indicate the proportions anticipated for cash and VIK and be able to demonstrate that
the VIK categories are also reflected in the expenditure budget in comparable
amounts to the projected VIK revenue.
An estimate of the figure to be used in the budget will be provided by the IOC by
circular letter. Provide a subsidiary schedule detailing your estimates by product/
service category.
Continued on next page