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

[Eduardo Diaz]

Alan:

I was checking the main meeting schedule and could not find this meeting on
Sunday. Can you confirm where and when is this happening? I am interested
in hearing this discussion.

-ed

On Tue, Oct 24, 2017 at 6:07 PM Alan Greenberg <alan.greenberg at mcgill.ca>
wrote:

> 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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