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Former AK treasurer explains grant funding

09 September 2014, 17:35

Nairobi - Former Athletics Kenya (AK) Treasurer Joseph Kinyua, has acknowledged that the federation had received a KES 18-million grant from the government – stating that it was used to settle part of the expenses for the 2011 Daegu World Championships.

Local wensite Standard Digital, however, reported that Kinyua had denied that the grant for the World Championships was

misappropriated and that the media had made a mountain out of a molehill in its coverage of just how the funds were distributed.

"It is true we received KES 18 million from the Government for paying the expenses for the World Championships in Daegu in 2011," Kinyua told the local publication.

"This was part of the KES 30 million we spent on the World Championships. This was used to pay mainly allowances and the air tickets, which were to be paid for in advance."

"The IAAF refunded us our portion of what they should have paid. We carried a bigger team beyond our permitted quota. These extra athletes and officials had to be paid for by Athletics Kenya."

"It means out of the KES 18 million, we still had a deficit of KES 12 million for the

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"When you look at our audited income and expenditure records, which were presented to the AGM for approval, they showed we got Sh16 million from IAAF and the $85,833 (KES 7.3 million) was part of the cash computed from the savings and surplus we made from the 2011 World championships, 2011 World Cross Country in Spain and 2011 World Youth in Ukraine."

Kinyua added that the IAAF's $85,833 was the difference in Daegu expenses and what was to be paid to Local Organieing Committee in South Korea, because of the extra officials and athletes that Kenya took to the event.

He further explained that the IAAF income made part of the KES 75 million surplus that AK made in 2011 compared to the KES 45 million the federation had saved in 2010.

"The Ministry of Sports didn't require a refund from us on the money (KES 7.3 million) we got from the IAAF because what the Government paid us was a grant. This was credited as part of the surplus we made in our audited accounts. To accuse us of not refunding the money is not right," he said. 

- News24


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