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2010 Games over, but financial clean up far from it

Vancouver's recession-rocked Olympic committee needs more time to clean up its books.

Wednesday's board meeting was supposed to be VANOC's last major get-together behind closed doors, but directors will meet again on Dec. 17 to publish the long-awaited post-Games financial report.

VANOC stopped publishing financial information just before Christmas 2009, despite a requirement in the 2002 Multiparty Agreement that it would report quarterly.

VANOC's fiscal year ended July 31. The organization has received at least $80 million in federal and B.C. taxpayer help in a bid to balance the Games' $1.76 billion operations budget.

Last week, VANOC settled an impasse worth up to $10 million with bus contractor Gameday Management Group.

Bob Mackin reports for Vancouver 24 hours.

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