From: johnr@col.hp.com (John T. Rasper)
Newsgroups: rec.sport.olympics
Subject: USOC board meeting Nov '92 notes
Date: 26 Jan 1993 16:32:21 GMT
Organization: HP Colorado Springs Division
NNTP-Posting-Host: hplsdvf.col.hp.com



November 22, 1992


USOC Executive Committee reviews budget


CHICAGO -- The Executive Committee of the United States Olympic
Committee met over the weekend, reviewing the proposed budget for
the 1993-96 quadrennial period. The budget must be approved by the
USOC Board of Directors at its scheduled Feb. 12-14 meeting in
Phoenix.

The projected budget shows revenue expectations at $388 million
while the expense budget is approximately $347 million. Money going
to areas of athlete support continues to be more than 83 percent of
the expense budget, a trend the USOC has followed for the past
several years.

The cash surplus of $41 million shown will help the USOC enter the
1997-2000 quadrennial period with money for an operating budget.

Among the items in the budget is a $21.5 million Capital Campaign
designed to enhance the current construction project at the U.S.
Olympic Training Center in Colorado Springs. The Executive
Committee approved the concept for the Capital Campaign, which will
include new dormitories, a new dining hall and additional athletic
facilities at the Olympic Training Center. The USOC will approach
a number of sources outside its current sources of revenue.

In other action, the Executive Committee:

**   Considered the formation of the Corporation for Olympic
     Development in Atlanta (CODA), which needs approval to use the
     word Olympic in its title. The Executive Committee gave
     provisional approval subject to a final and detailed agreement
     between the USOC and the city. CODA is an organization that
     will be chaired by Atlanta Mayor Maynard Jackson to handle the
     infrastructure projects associated the Games in Atlanta and to
     assist the Atlanta Committee for the Olympic Games in its
     mission to stage a successful Games.

**   Directed the U.S. Olympic Festival committee to cut the number
     of participants and budget impact by 10 percent. This will
     reduce the number of athletes and officials from nearly 4,000
     to 3,600. This would not affect the U.S. Olympic Festival-'93
     in San Antonio, but would affect the USOF-'94 in St. Louis.

**   Restated the USOC Board of Directors decision to not
     participate in the proposed 1993 Pan American Winter Games
     unless at least half of the sports on the Olympic Winter Games
     program were represented. The 1993 Pan American Winter Games
     will include only two (skiing, biathlon) of the seven sports
     currently on the Olympic program.

**   Suggested the appointment of Howard Buxton, former president
     of the U.S. Biathlon Association, as the Chef of Mission for
     the 1994 Olympic Winter Games. Paul George, chair of the
     National Governing Bodies Council, was appointed Assistant
     Chief of Mission. These appointments are subject to approval
     of the USOC Board of Directors. Charles Foster, the 1992 Chief
     of Mission for the Olympic Winter Games and current USOC
     secretary, was named as a liaison to help in the transition
     period since the Games in Lillehammer are just over one year
     away. The Executive Committee also named Foster as the officer
     liaison for the 1993 Winter World University Games in Zakopane
     while USOC vice president George Steinbrenner will be the
     officer liaison for the 1993 World University Games in
     Buffalo, N.Y.

**   Named a committee to look into developing an award honoring
     the late Bob Kane, former USOC president and founder of the
     U.S. Olympic Festival. The committee consists of IOC member
     Anita DeFrantz, NCAA executive director Dick Schultz, USOC
     secretary Charles Foster and USOC Executive Committee members
     Marty Mankamyer and Christopher Wood. This committee will also
     review all USOC awards.

For more information, contact the USOC Public Information/Media
Relations Division at (719) 578-4529.