[ALAC] Fwd: ICANN News Alert -- ICANN Publishes FY20 Financial Results

Maureen Hilyard maureen.hilyard at gmail.com
Thu Oct 15 18:29:58 UTC 2020

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*ICANN Publishes FY20 Financial Results

15 October 2020

LOS ANGELES – 15 October 2020 – Today, the Internet Corporation for
Assigned Names and Numbers (ICANN) announced financial results for the
fourth quarter of the financial year ending 30 June 2020, which reflects
ICANN's unaudited financials for the full fiscal year. ICANN remains in a
strong financial position despite the economic impacts of the COVID-19

The domain name market was resilient in the second half of fiscal year 2020
(FY20), despite the pandemic. As a result, ICANN's funding is USD 0.6
million (0.4%) higher than the budget. However, ICANN is uncertain if these
market trends will continue.

ICANN's expenses were USD 11.1 million (8%) lower than budgeted, resulting
in a net excess of USD 14.6 million. This was a result of several factors,

   - USD 6.2 million savings from the travel & meetings category, as a
   result of holding ICANN67 and ICANN68 as virtual Public Meetings as well as
   travel restrictions to other meetings.
   - Lower personnel expenses, primarily due to slowed recruitment during
   the pandemic.

ICANN was able to cover unplanned expenditures while still spending less
than budgeted. These expenditures included Information Transparency
Initiative (ITI) costs delayed from FY19; costs associated with the .ORG
change of control request; and installation of the ICANN Managed Root
Server (IMRS) cluster in Singapore.

ICANN's funds under management increased by USD 15.8 million when compared
to the previous year, largely due to net excess and investment gains
despite market volatility. Investment accounts are comprised of proceeds
that ICANN holds from the New Generic Top-Level Domain (gTLD) Program
auctions of last resort, New gTLD Program application fees, the Reserve
Fund, and the Operating Fund. Replenishing ICANN's Reserve Fund to achieve
at least 12 months of operating expenses by FY25 has been a top priority,
and at the end of August 2020, the Reserve Fund balance reached the minimum
target level <https://newsalerts.icann.org/tdEg2204C80Pe00NR00002K>.
FY20 Reports Published

The following reports are now available:

   - *FY20 Q4 Unaudited Financials
   <https://newsalerts.icann.org/O040g02E0200NCPL0f0d28R>* : These reports
   are posted every quarter as a summarized update of ICANN's year-to-date
   financials. The FY20 Q4 report reflects ICANN's unaudited financials for
   the full fiscal year. ICANN expects to publish the audited FY20 financial
   statements as soon as the independent auditor has completed review.
   - *Country code top-level domain (ccTLD) Contributions
   <https://newsalerts.icann.org/JR2PC20M2E0Ng480dg00000>:* Voluntary
   contributions paid to ICANN from ccTLD registries are listed by ICANN
   fiscal year and reflect the fiscal year for which the contribution was
   intended, regardless of the date the contribution was issued.
   - *Funding by Source
   <https://newsalerts.icann.org/L202ER0020N40Ch8g0P0d0N>:* This report
   includes funding by customer and customer class.
   - *Board Expenses Report*
   <https://newsalerts.icann.org/CRg00i0OP04C0Nd82202E00> – This report
   includes reimbursements and compensation paid to (or paid on behalf of) the
   ICANN Board of Directors.


ICANN's mission is to help ensure a stable, secure, and unified global
Internet. To reach another person on the Internet, you need to type an
address – a name or a number – into your computer or other device. That
address must be unique so computers know where to find each other. ICANN
helps coordinate and support these unique identifiers across the world.
ICANN was formed in 1998 as a not-for-profit public-benefit corporation
with a community of participants from all over the world.

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