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@mcgill.ca>alan.greenberg@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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