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Transparency excels in financial management of NORCECA

 

   

SANTO DOMINGO, Dominican Republic, April 11, 2016 – The NORCECA Finances Commission held its annual meeting on Monday under the presidency of Mexican Alberto Arreola and with the presence of NORCECA President Cristobal Marte Hoffiz.

 

The members of the commission, including NORCECA Treasurer Wilbur Harrigan of Antigua and Barbuda and Margarette Graham of Haiti the secretary of the commission, received and approved the financial statements of the institution presented by Olga Rivas and Miguelina Martinez, finances manager and accountant, respectively.

 

Rivas and Martinez also informed the commission about the financial assistance to the national federations and the distribution of sport equipment like balls, nets, and playing surfaces.

 

They expressed their satisfaction with the “transparency and suitable management of the economical resources as well as the maintenance of generally accepted accounting standards.”

 

Arreola said the organization “is in a healthy financial position thanks to a balanced budget management and the rigorous use of funds available.”

 

The executed budget of 2015 was presented during the meeting as well as the projected budge corresponding to the period 2016-2018.

 

Marte Hoffiz made a presentation that included charts showing the financial evolution of NORCECA covering the period 2001-2015 and also the economical assistance given to the four Zonal Associations within NORCECA.

 

The members of the commission also discussed the investment made by NORCECA in the Development Plan for the period 2011-2015 and the Impact Plan programmed in 2016-2020.

 

The meeting concluded with Marte Hoffiz presenting his annual report of activities and of the courses and seminars held by the Regional Volleyball Development Centers in Santo Domingo and Tijuana, Mexico.