|
Thursday, June 29, 2006
Football body creates audit team
The Philippine Football Federation (PFF) has set up an internal audit team to address the issues raised by the National Capitol Region regarding its business transactions.
In a memo sent to the 28 football associations in the country, PFF president Johnny Romualdez appointed Neil Frazer, president of the Misamis-Ozamiz Football Association; Pastor Merced, president of the Negros Oriental Football Association; and Apolonio Clemente Jr., president of the Butuan-Agusan Football Association to the audit team.
Concerns
Cebu Football Association president Jonathan Maximo said those with questions regarding the PFF finances may address their concerns to the three members.
“Among the concerns they are to address are how the FIFA funds are spent, the administrative expenses, who receives what salary and allowances. This is also to help dispel any doubts on the correctness and veracity of the financial report submitted during the Board of Governors Meeting last February,” said Maximo.
Funds
The PFF received P14.3 million from FIFA, P3.6 million from the Asian Football Confederation, and P6.5 million from the Asean Football Federation, as well as the P13 million it is set to receive from other sources, for its P38 million budget this year.
However, the PFF is projected to spend almost all of the money, including P5 million for administration.
The National Capitol Region Football Association earlier asked the PFF to allow its team of auditors and lawyers to look into its business transactions. The PFF denied the request. (ML)
For Bisaya stories from Cebu. Click here. (June 29, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here. |
|
[return to top]
[home]
[network page]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
SUPERBALITA
WEEKEND
|
