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

[Eduardo Diaz]

I agree also. However, I would include a caveat that ICANN should reduce
their employee headcount cost by the same amount of $$  requesting for the
reserve.

-ed

On Fri, Oct 27, 2017 at 8:18 AM Vanda Scartezini <vanda at scartezini.org>
wrote:

> Totally agree . I believe it is relevant to keep a reserve for the future
> of ICANN. Already stated my view in the Wg
>
> *Vanda Scartezini*
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> From: <alac-bounces at atlarge-lists.icann.org> on behalf of Alan Greenberg <
> alan.greenberg at mcgill.ca>
> Date: Wednesday, October 25, 2017 at 18:53
> To: Seun Ojedeji <seun.ojedeji at gmail.com>
> Cc: 'ALAC List' <alac at atlarge-lists.icann.org>
> Subject: Re: [ALAC] Briefing note: Use of gTLD Auction Proceeds for ICANN
> Reserve
>
> Thanks Seun.
>
> There is no question of the "legality" of ICANN using the auction find to
> top up the reset. Or at least I have never heard mention of such a concern.
>
> Whether operating costs are reasonable and justified is an ongoing issue.
> It might be addressed in the current public comment, or in the one to be
> opened on the FY19 Plan and Budget.
>
> Alan
>
> --
> Sent from my mobile. Please excuse brevity and typos.
>
> On October 25, 2017 4:49:51 AM GMT+01:00, Seun Ojedeji <
> seun.ojedeji at gmail.com> wrote:
>>
>> Hello Alan,
>>
>> On the assumption that ICANN can legally use part of the proceeds to fund
>> reserve, I'd be also can live with up to a 20% of whatever is the
>> accessible amount of the AP.
>>
>> However on a related note, I do personally think ICANN operating cost is
>> quite on the high side in the first place and while effort is being made to
>> get a 1 year reserve, i will be interested to know how much effort the
>> Board is putting on 2 specific items:
>>
>> 1. Avoid continuous increase on the operating cost which could then make
>> a year target meaningless.
>>
>> 2. Minimize operating cost as much as possible (of course without
>> affecting the SO/AC part of things) so a 1 year reserve could end up
>> sufficient for many more months when the need arises.
>>
>> Regards
>>
>> Sent from my mobile
>> Kindly excuse brevity and typos
>>
>> On Oct 25, 2017 2:07 AM, "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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