Saturday 10 December 2011 | Published in Regional
CISNOC treasurer Dan OBrien hopes to have the organisations financial report finalised by the end of next week.
He is meeting with a government minister on Monday, after which OBrien says he should be able to complete the report which he promised members last month.
OBrien initially planned to give the Cook Islands Sports and National Olympic Committee (CISNOC) membership an updated fiscal status report at the end of November.
That followed a special general meeting of the organisation on November 8, at which almost 100 members expressed despair at the lack of disclosure by CISNOC executives.
The organisation faces financial difficulty and members want to know exactly how much money is available as well as the extent of CISNOCs debt.
The national sporting body relies on funding from government and international donor agencies, as well as money generated through fundraising initiatives such as raffles.
Almost all members of its executive board work on a voluntary basis.
But getting Team Cook Islands to international events, such as the most recent Pacific Games in Noumea, is a costly exercise.
Cook Islands participation at the New Caledonia tournament in August saw CISNOC borrow $126,000 from government at the last minute, when the organisation realised its fundraising efforts were falling short.
OBriens delay in reporting to the organisations membership is largely due to a technical meltdown.
When Rarotonga experienced an island-wide electricity cut on November 24, CISNOCs computer server was damaged beyond repair and data was lost accordingly.
In trying to salvage as much information as possible before a new server was installed, OBrien lost a week otherwise spent finishing his fiscal report.