(Guam) 10 May 2025 – A two-day workshop for National Olympic Committee (NOC) Finance Officers commenced today in Guam, setting the stage for the upcoming 2025 ONOC Annual Assembly.

Strengthening Financial Governance

In his opening remarks, ONOC Secretary General Ricardo Blas welcomed the participants and emphasized the critical role of the ONOC Finance Officer Grant in supporting NOCs, particularly in the post-COVID-19 landscape.

“This workshop is crucial,” said Secretary General Blas. “As Finance Officers, you are responsible for ensuring your NOC meets the financial compliance standards set by the IOC and Olympic Solidarity. Over the next two days, take the time to understand these expectations thoroughly, ask questions, and exchange best practices.”

He further noted that the real test of this workshop would come in the next reporting cycle, where NOCs will be evaluated on their financial reports, RELAY submissions, and audited financial statements.

Strong Engagement and Positive Feedback

Day 1 of the workshop received unanimous positive feedback, with 100% of participants expressing satisfaction with both the content and the facilitation.

Participants praised the clarity and relevance of sessions focused on budgeting, RELAY reporting, accounting systems, and overall financial management. The facilitators were commended for their expertise, and the group dynamics encouraged strong engagement and collaboration.

There was also a strong interest in one-on-one mentoring sessions with facilitators. Participants suggested that future workshops include NOC Treasurers and feature more case studies and tailored best practices to address the unique financial challenges in the Oceania region.

Looking Ahead

As the workshop continues, sessions will cover critical areas such as Third-Party Reports, RELAY Financial Reports, Financial Statements, Independent Audits, and Olympic Solidarity’s Control of Funds measures.

ONOC reaffirms its commitment to strengthening financial governance across Oceania and supporting NOCs in building capacity through targeted programs.

ONOC currently offers three key Human Resource grants annually to its member NOCs: the Sport Development Officer Grant, the Sport Education Officer Grant, and the Finance Officer Grant.