[ALAC] Briefing note: Use of gTLD Auction Proceeds for ICANN Reserve

[León Felipe Sánchez Ambía]

Thanks Alan,

I believe that replenishing the reserve fund at least in the same amount to that spent in the transition should be supported by us all. 
We should also be asking the ICANN Org on a plan to continue this replenishment until it reaches its desired/planned level. 

My 2 cents 

Leon

Enviado desde mi iPhone

El oct. 25, 2017, a la(s) 2:07 a. m., Alan Greenberg <alan.greenberg at mcgill.ca> escribió:

> This is a briefing note in preparation for the discussion in AbuDhabi current scheduled for 9:30 am, local time, on Sunday.
> 
> As is common for non-profit organizations, and particularly ones where their income or expenses might be subject to unexpected fluctuations, ICANN maintains a "Reserve Fund" to allow it to cover unexpected expenses or below expectations income. Currently the target for the fund is one year's regular expenses, but due to unexpected expenses (primarily associated with the IANA transition and accountability exercise), it is below that. There is an open Public Comment where you can find out more about the fund - https://community.icann.org/x/GJNEB.
> 
> It has been suggested that some portion of the proceeds of the new gTLD Auctions (currently about $235m, although there is some chance it could be as low as $105m) be used to help build back the reserve.
> 
> Excluding this possibility, the target use of the Auction Funds will be projects that are aligned with ICANN's mission and enhance the Internet (wording still under debate).
> 
> This brief discussion will be to solicit thoughts on whether this would be a good idea or not.
> 
> Alan
> 
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