<div dir="ltr"><div><div dir="auto">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.</div></div><div dir="ltr"><div dir="auto"><br></div><div>-ed</div></div><div dir="ltr"><div><br><div class="gmail_quote"><div>On Fri, Oct 27, 2017 at 8:18 AM Vanda Scartezini <<a href="mailto:vanda@scartezini.org" target="_blank">vanda@scartezini.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<div>Totally agree . I believe it is relevant to keep a reserve for the future of ICANN. Already stated my view in the Wg</div>
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<p class="MsoNormal"><b><i><span style="font-size:10.5pt;font-family:Calibri;color:#009193">01311-200- Sao Paulo, SP, Brazil</span></i></b><span style="font-size:10.5pt;font-family:Calibri;color:black"><u></u><u></u></span></p>
<p class="MsoNormal"><b><i><span style="font-size:10.5pt;font-family:Calibri;color:#009193">Land Line: <a href="tel:+55%2011%203266-6253" value="+551132666253" target="_blank">+55 11 3266.6253</a></span></i></b><span style="font-size:10.5pt;font-family:Calibri;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal"><b><i><span style="font-size:10.5pt;font-family:Calibri;color:#009193">Sorry for any typos. <u></u><u></u></span></i></b></p>
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<span style="font-weight:bold">From: </span><<a href="mailto:alac-bounces@atlarge-lists.icann.org" target="_blank">alac-bounces@atlarge-lists.icann.org</a>> on behalf of Alan Greenberg <<a href="mailto:alan.greenberg@mcgill.ca" target="_blank">alan.greenberg@mcgill.ca</a>><br>
<span style="font-weight:bold">Date: </span>Wednesday, October 25, 2017 at 18:53<br>
<span style="font-weight:bold">To: </span>Seun Ojedeji <<a href="mailto:seun.ojedeji@gmail.com" target="_blank">seun.ojedeji@gmail.com</a>><br>
<span style="font-weight:bold">Cc: </span>'ALAC List' <<a href="mailto:alac@atlarge-lists.icann.org" target="_blank">alac@atlarge-lists.icann.org</a>><br>
<span style="font-weight:bold">Subject: </span>Re: [ALAC] Briefing note: Use of gTLD Auction Proceeds for ICANN Reserve<br>
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<div>Thanks Seun.<br>
<br>
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.<br>
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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.<br>
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Alan<br>
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-- <br>
Sent from my mobile. Please excuse brevity and typos.<br>
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<div class="gmail_quote">On October 25, 2017 4:49:51 AM GMT+01:00, Seun Ojedeji <<a href="mailto:seun.ojedeji@gmail.com" target="_blank">seun.ojedeji@gmail.com</a>> wrote:
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<div dir="auto"><span style="font-family:sans-serif;font-size:13.696px">Hello Alan,</span>
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<div dir="auto" style="font-family:sans-serif;font-size:13.696px">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.</div>
<div dir="auto" style="font-family:sans-serif;font-size:13.696px"><br>
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<div dir="auto" style="font-family:sans-serif;font-size:13.696px">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:</div>
<div dir="auto" style="font-family:sans-serif;font-size:13.696px"><br>
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<div dir="auto" style="font-family:sans-serif;font-size:13.696px">1. Avoid continuous increase on the operating cost which could then make a year target meaningless.</div>
<div dir="auto" style="font-family:sans-serif;font-size:13.696px"><br>
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<div dir="auto" style="font-family:sans-serif;font-size:13.696px">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.</div>
<div dir="auto" style="font-family:sans-serif;font-size:13.696px"><br>
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<div dir="auto" style="font-family:sans-serif;font-size:13.696px">Regards</div>
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<div data-smartmail="gmail_signature">Sent from my mobile<br>
Kindly excuse brevity and typos</div>
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<div class="gmail_quote">On Oct 25, 2017 2:07 AM, "Alan Greenberg" <<a href="mailto:alan.greenberg@mcgill.ca" target="_blank">alan.greenberg@mcgill.ca</a>> wrote:<br type="attribution">
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This is a briefing note in preparation for the discussion in AbuDhabi current scheduled for 9:30 am, local time, on Sunday.<br>
<br>
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 -
<a href="https://community.icann.org/x/GJNEB" rel="noreferrer" target="_blank">https://community.icann.org/x/GJNEB</a>.<br>
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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.<br>
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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).<br>
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This brief discussion will be to solicit thoughts on whether this would be a good idea or not.<br>
<br>
Alan<br>
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