Logoc announce £30 million surplus in final set of accounts wiping out BOA loss Two-thirds of the £30 million surplus Locog announced in its final accounts on Thursday went to the Department for Culture, Media and Sport as part of an agreement under which Games organisers were handed a £104 million contingency grant five months before the Olympics. That money came from the exchequer, and the DCMS was last night expecting Chancellor George Osborne to claw it back and put it towards lowering the UK's budget deficit. However, Mayor of London Johnson insisted Locog's success in securing revenues of £2.41 billion against costs of £2.38billion over its eight-year lifetime should be recognised by the £20 million windfall being used to help ensure a sporting legacy from the Games. "Everybody knows it was a very well organised Games and let's see what happens to that dosh," Johnson was quoted as saying by the London24 website. Before the Treasury immediately claws it back into the great moor of the beast, let's see if we can do something to get kids playing sport in our city and our country. The Locog surplus also turned the British Olympic Association's finances on their head. The BOA had been forecast to make a loss of around £4 million from its activities in 2012 but that was wiped out by a £5.3million payment by Locog, which also handed £2.6 million to the British Paralympic Association.