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

[Alan Greenberg]

It is a short item in the 9 am Sunday meeting. Scheduled for 15 
minutes but might run into the break.

Alan

At 25/10/2017 08:31 AM, Eduardo Diaz wrote:
>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 
><<mailto:alan.greenberg at mcgill.ca>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>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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