Sport

FUFA Pass Shs 14bn Budget

FUFA President, Moses Magogo addressing the Ordinary general assembly at Nimrod hotel in Luweero

The Federation of Uganda Football Association (FUFA) has passed a proposed budget worth Shs 14 bn for the financial year 2017.

This development was revealed Saturday during the 92nd FUFA Ordinary General Assembly held at Nimrod hotel in Luweero.

The proposed new budget for next year sees almost a double increase from the Shs 8 bn shilling budget that the federation used in the last financial year.

While reading the budget to the general assembly, more about http://cutteraviation.com/wp-content/plugins/wp-super-cache/wp-cache-phase2.php the director of finance at FUFA, Decolas Kiiza indicated that the financial plan will follow the new designed strategic plan in terms of allocation of resources.

“Our next budget has been drawn line with the strategic plan that FUFA has come up with and that is how the finances will be allocated,” said Kiiza.

The plan’s indicators include; governance, technical development, Competitions, marketing and communications, Administration, National teams, Infrastructure and membership.

Budget income

According to Kiiza, the federation is expected to raise a total of Shs 14,201,450,000.

The funds are expected to come from FIFA grants, sponsorships, media and TV Rights, government support, CAF grants, international matches, sale of merchandise, donations and local income among others.

FUFA’s biggest contributor according to the budget will be from FIFA grants that take a Lion’s share of Shs 5bn, making 38 percent of the total budget. Sponsorships will contribute 17 percent while government support has been protracted at 1.5 billion about 11 percent among others.

Budget Expenditure

The proposed budget as earlier noted moves in line with the eight strategic plan policies with an expenditure budget of Shs 14,192,550,000 expected to be spent come next year.

This means there will be a surplus of Shs 8,895,000t after net expenditure.

Expenditure allocation in shillings

National teams……. 5bn (38?)

Administration……… 2bn(14?)

Infrastructure……… 1.4bn(10%)

Governance………… 1.2bn(9?)

Technical development….. 1.6bn(8?)

Membership……… 1.12bn(7.9?)

Marketing & Communications (7.9?)

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