- BFA submitted financial statement to FIFA on Monday
- Only four regions had not complied, putting BFA in danger of limited funding from FIFA
The Botswana Football Association has managed to meet a FIFA extended deadline to submit their audited financial statement for the 2017/2018 period, they submitted the statement on Monday following a Special General Assembly this past weekend.
FIFA had granted the association an extra month to submit clean financial statements, BFA had been delayed by the non-compliance of four regions who had not complied by accounting for their expenditures.
The association was in danger of being given limited funding but they are now in line to receive the full P15 million fee from FIFA this year, they had been given until the end of October to produce an official audited financial statement. According to BFA vice president Pelotshweu Motlogelwa the BFA has recorded a “manageable” deficit of P2.1 million.
“Our income statement has revealed that we have a deficit on P2.1 million, which is a big improvement from the P10 million deficit recorded in the 2015/2016 period. This shows that have put vigorous controls in place and in the near future we will report positive figures. Our control environment is improving, we have tasked everyone to account and we will not leave any stone unturned. Last year non-compliance at regional level was at 50 percent, many regions failed to account for the usage of their funds. This year only four regions did not comply, we have been organizing financial report workshops and this has helped a lot, many have now been trained well,” Motlogelwa told Gazette Sport.
“Our accounts are clean and we managed to send our financial statement to FIFA,” Motlogelwa concluded.