Budget for 2013 CARIFTA Games exceeded $1 million
Guardian Sports Reporter
Published: Oct 10, 2013
Six months after the country hosted what is regarded as the biggest junior track and field championships in the region, the CARIFTA Games, the Local Organizing Committee (LOC) revealed the extensive financial and executive report from the four-day event.
Before the report could be made public, copies had to be presented to Prime Minister Perry Christie and Minister of Youth, Sports and Culture Dr. Daniel Johnson, revealed LOC’s Treasurer Monty Braithwaite.
“We were recipients of public funding to a tune of $245,000 from the Ministry of Youth, Sports and Culture, so our first responsibility, because of the public funding, was to present a report to the prime minister’s office and the minister of youth, sports and culture,” said Braithwaite.
“We thought in the fullness of time that they would get back to us sooner. We were pretty much waiting on a response from them before we made the reports public. We know that a lot of time has elapsed, but it was better for us to be safe than sorry. Since it is public funds and public accountability, it still made sense at this late juncture to present the financial report and the executive summary to the media, so that people can know that we are giving a good account of our stewardship.”
It was revealed by Braithwaite that the overall budget for the games was just over $1 million. He said that the
organizing committee was able to keep the cost of the games within that budget. This accomplishment was made possible because of the many contributions made by Corporate Bahamas.
He said: “Our budget revenues were largely exceeded by ticket sales, sponsorships, events and banners. At the end of the day, we ended up with a surplus that was generated by this great demand. I can say without contradiction, that the games were a financial success and we are very, very appreciative of the fact that we had the use of the stadium at a very reasonable cost. That, in fact, contributed significantly to the success of the games.”
The budget for ticket sales was $168,000 and the actual ticket sales were $369,000, as stated in the report. In addition, $60,000 was budgeted for vendors concessions, and that was exceeded, Braithwaite noted. Despite the many challenges faced, both Braithwaite and Basil Christie dubbed the 2013 games a success.
“The first event that was held in the stadium was CARIFTA 2013,” said Christie, the LOC’s president. “Everything was new, and as much as we faced new challenges every day, I am happy to report that we had a fantastic team and every encounter that we had, and that was problematic, was solved within the day. It was a four-day event. There was the issue of the media having difficulty with the internet and accreditation. It was resolved, but it was difficult to prepare for because everything was new. I don’t foresee that problem with the World Relays. This organizing committee is not involved in that, so it is a whole new organizing committee.”
A thorough breakdown of funds is available to the public. The 30-page document also includes the executive reports and the final medal standings.