Sports associations get tips on financial reporting

Some national sports associations affiliated to the National Olympic Committee (NOC) of St Vincent and the Grenadines took the opportunity last Saturday to get their treasurers informed on basic accounting practices and record keeping.{{more}}

Part of the Sports Leadership Programme of the NOC, the one-day seminar held at Frenches House was the method of transmission to the attendees.

The seminar, which was facilitated by Dougal James, was in two parts: General Financial Reporting systems and Reporting and Accounting for donor claims, such as the Olympic Solidarity/NOC funds.

Whilst the effort was worth the while, as those present found the day well spent. General secretary of the NOC Keith Joseph noted that it was an “embarrassment”, that other affiliates could not find it necessary to take part of the process.

This, he said, was compounded by the fact that they were informed, with some giving a commitment to attend.

Only a handful of the NOC’s 18 affiliates was present at last Saturday’s seminar.(RT)