VANOC : Quarterly Report

On March 14, 2008 VANOC released their most recent quarterly report for the period ending January 31, 2008.

The reports highlights include a still rosy financial outlook, increased merchandise sales, and healthy cash surplus.

With just under two years until the Olympic Games commence the organizing committee has spent under a fifth of it's total operating budget of $1.63B. Operation spending will however be considerably ramped up as the start of the games commence.

Strong Olympic merchandise sales will not be reflected until the next quarterly report.