11 May 2014

NZOC talking to Govt about funding

10:13 am on 11 May 2014

The New Zealand Olympic Committee is talking with the Government about getting help with its funding shortfall.

New Zealand Olympic Committee president Mike Stanley.

New Zealand Olympic Committee president Mike Stanley. Photo: AFP (file)

A surplus of $330,000 was revealed in the committee's annual report released on Wednesday, which was was a lot less than it was budgeting for.

It says there needs to be a revenue increase of 34% to properly lead and organise teams for the 2016 Games in Rio de Janeiro.

NZOC president Mike Stanley told the Sunday Morning programme another $1.7 million is realistically needed to resource an Olympic contingent of about 200.

He said the committee is in talks with the Government about whether its budget can be topped up - and it also has work to do with the commercial sector.