Olympic symbols Rio de Janeiro, Brazil, and has since then been passed on to the next organizing city of the Summer Olympics, Tokyo. For the inaugural Youth Olympic Games, an Olympic flag was created for the junior version of the Games. The flag is similar to the Olympic flag, but has the host city and year on it and was first presented to Singapore by IOC President Jacques Rogge. During the closing ceremony on 26 August 2010, Singapore officials presented it to the next organizing committee, Nanjing 2014. For the inaugural winter Youth Olympic Games, an Olympic flag was presented to the
London Organising Committee of the Olympic and Paralympic Games not responsible for building permanent venues, reported spent £2.38 billion since winning the bid in 2005 and generated £2.41 billion. On 30 May 2013 it handed back to the government, Britain's Olympic committee and other beneficiaries a surplus of £30 million from the 2012 Games. The British Olympic Association received £5.3 million, the British Paralympic Association £2.6 million, and £20 million was returned to the Department for Culture, Media and Sport. On 6 July 2005 the International Olympic Committee (IOC) chose London as the host city for the 2012 Olympic Games. After the success of the London bid, LOCOG was