Briefing note: Use of gTLD Auction Proceeds for ICANN Reserve
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
Thanks Alan, I believe that replenishing the reserve fund at least in the same amount to that spent in the transition should be supported by us all. We should also be asking the ICANN Org on a plan to continue this replenishment until it reaches its desired/planned level. My 2 cents Leon Enviado desde mi iPhone El oct. 25, 2017, a la(s) 2:07 a. m., Alan Greenberg <alan.greenberg@mcgill.ca> escribió:
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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Thanks Leon, and thank you for starting the discussion via e-mail. The ongoing replenishment (or growth) is, in my mind, a given, and hopefully that message will be clear from the public comment. For the auction funds, I would tend to limit any contribution to perhaps 20% if we have the full $235m, and of course less if we have a smaller amount. My rationale is rather self-serving in that if we do not get such a contribution, there will be a big draw on annual budgets for some years to come to get up to a reasonable level, and that will put great pressure on operational budgets and the AC/SO budgets which are perhaps more vulnerable. Alan At 24/10/2017 07:31 PM, León Felipe Sánchez AmbÃa wrote:
Thanks Alan,
I believe that replenishing the reserve fund at least in the same amount to that spent in the transition should be supported by us all. We should also be asking the ICANN Org on a plan to continue this replenishment until it reaches its desired/planned level.
My 2 cents
Leon
Enviado desde mi iPhone
El oct. 25, 2017, a la(s) 2:07 a. m., Alan Greenberg <alan.greenberg@mcgill.ca> escribió:
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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At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/display/atlarge/At-Large+Advisory+Committee+(ALA...)
Judith, I feel it is important to get the feeling of At-Large. What others feel is not the issue here. It is not unusual for us to have a different view. Occasionally we actually convince others to follow us and not the other way around. The IANA transition is one such case. And the accountability measures. Alan -- Sent from my mobile. Please excuse brevity and typos. On October 24, 2017 11:04:20 PM EDT, Judith Hellerstein <judith@jhellerstein.com> wrote:
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Alan.. I believe that Judith was simply explaining where the auctions group is up to at this point in time. We have been discussing potential uses of the funds and are now looking at how they might be administered. We have already been asked about how much of the funds might be given back to ICANN as part of their reserve and the consensus appeared to be that if anything was going to go back as reserve funds then it would not be over the 10% mark. You are right though, we should get some feedback from the rest of the ALAC. My 2c Maureen On 25/10/2017 4:13 pm, "Alan Greenberg" <alan.greenberg@mcgill.ca> wrote:
Judith, I feel it is important to get the feeling of At-Large. What others feel is not the issue here. It is not unusual for us to have a different view. Occasionally we actually convince others to follow us and not the other way around.
The IANA transition is one such case. And the accountability measures.
Alan -- Sent from my mobile. Please excuse brevity and typos.
On October 24, 2017 11:04:20 PM EDT, Judith Hellerstein < judith@jhellerstein.com> wrote:
HI Alan,
Thanks for beginning this conversation and I look forward to the discussion. What Alan has left out is that there was a survey done of all the members and the participants about what types of activity could possibly receive money from Auction Proceeds. We heard several presentations by Xavier and his team and by Samantha Eisner to give everyone a better understanding of the situation. While the survey showed that putting money back in the reserve fund is an option, however, it scored much lower than other options such as Capacity building and training activities. Moreover, while people thought that the reserve fund could be an option, the feeling was that it should be under 10%. There were a number or arguments that ICANN should use other money to replenish the reserve and that this money should not be used to do this. Others thought that the reserve fund could be a possibility but thought it should be 5% and not 20%.
Currently the group is reviewing types of categories and capacity building activities that could be candidate for the proceeds and are also within the ICANN bylaws and mission. We also came up with a preamble of what we mean by the Open Internet and now will be focusing on compiling a list of possible mechanisms that could be considered by CCWG guided by a frame work of several different approaches for managing the money. 1) have the personnel and staff to be part of ICANN.org, (This department would be part of ICANN Org and take full responsibility for solicitation and evaluation of proposals, and disbursement process, in accordance with the recommendations of the CCWG) 2) a Hybrid organization, this would be one where Proceeds Allocation Department Created as part of ICANN Org which would work in collaboration with an existing charitable organization (Responsibilities for solicitation and evaluation of proposals, and disbursement process would be split between the newly created department and the existing charitable organizations) 3)A new structure would be created outside of ICANN Org which would be responsible for solicitation and evaluation of proposals, and disbursement process, in accordance with the recommendations of the CCWG.4) An established entity / entities (e.g. foundation or fund) would be responsible for solicitation and evaluation of proposals, and disbursement process, in accordance with the recommendations of the CCWG.
Looking forward to seeing everyone soon
Judith
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On 10/24/2017 9:05 PM, Alan Greenberg wrote:
Thanks Leon, and thank you for starting the discussion via e-mail.
The ongoing replenishment (or growth) is, in my mind, a given, and hopefully that message will be clear from the public comment.
For the auction funds, I would tend to limit any contribution to perhaps 20% if we have the full $235m, and of course less if we have a smaller amount. My rationale is rather self-serving in that if we do not get such a contribution, there will be a big draw on annual budgets for some years to come to get up to a reasonable level, and that will put great pressure on operational budgets and the AC/SO budgets which are perhaps more vulnerable.
Alan
At 24/10/2017 07:31 PM, León Felipe Sánchez AmbÃa wrote:
Thanks Alan,
I believe that replenishing the reserve fund at least in the same amount to that spent in the transition should be supported by us all. We should also be asking the ICANN Org on a plan to continue this replenishment until it reaches its desired/planned level.
My 2 cents
Leon
Enviado desde mi iPhone
El oct. 25, 2017, a la(s) 2:07 a. m., Alan Greenberg <alan.greenberg@mcgill.ca> <alan.greenberg@mcgill.ca> escribió:
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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At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/ display/atlarge/At-Large+Advisory+Committee+(ALAC)
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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@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
_______________________________________________ ALAC mailing list ALAC@atlarge-lists.icann.org https://atlarge-lists.icann.org/mailman/listinfo/alac
At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/di splay/atlarge/At-Large+Advisory+Committee+(ALAC)
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@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@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
_______________________________________________ ALAC mailing list ALAC@atlarge-lists.icann.org https://atlarge-lists.icann.org/mailman/listinfo/alac
At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/di splay/atlarge/At-Large+Advisory+Committee+(ALAC)
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 Polo Consultores Associados Av. Paulista 1159, cj 1004 01311-200- Sao Paulo, SP, Brazil Land Line: +55 11 3266.6253 Mobile: + 55 11 98181.1464 Sorry for any typos. From: <alac-bounces@atlarge-lists.icann.org<mailto:alac-bounces@atlarge-lists.icann.org>> on behalf of Alan Greenberg <alan.greenberg@mcgill.ca<mailto:alan.greenberg@mcgill.ca>> Date: Wednesday, October 25, 2017 at 18:53 To: Seun Ojedeji <seun.ojedeji@gmail.com<mailto:seun.ojedeji@gmail.com>> Cc: 'ALAC List' <alac@atlarge-lists.icann.org<mailto:alac@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@gmail.com<mailto:seun.ojedeji@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@mcgill.ca<mailto: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. 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 _______________________________________________ ALAC mailing list ALAC@atlarge-lists.icann.org<mailto:ALAC@atlarge-lists.icann.org> https://atlarge-lists.icann.org/mailman/listinfo/alac At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/display/atlarge/At-Large+Advisory+Committee+(ALA...)
Even agreeing I may raise the point that reserve could be more btween 10-15% more for lower end to improve new developments that will make the market and innovation growth. If we do not have enough valuable projects then we can reserve another % . Kisses to all Vanda Scartezini Polo Consultores Associados Av. Paulista 1159, cj 1004 01311-200- Sao Paulo, SP, Brazil Land Line: +55 11 3266.6253 Mobile: + 55 11 98181.1464 Sorry for any typos. From: <alac-bounces@atlarge-lists.icann.org<mailto:alac-bounces@atlarge-lists.icann.org>> on behalf of Vanda Scartezini <vanda@scartezini.org<mailto:vanda@scartezini.org>> Date: Friday, October 27, 2017 at 11:18 To: Alan Greenberg <alan.greenberg@mcgill.ca<mailto:alan.greenberg@mcgill.ca>>, Seun Ojedeji <seun.ojedeji@gmail.com<mailto:seun.ojedeji@gmail.com>> Cc: 'ALAC List' <alac@atlarge-lists.icann.org<mailto:alac@atlarge-lists.icann.org>> Subject: Re: [ALAC] Briefing note: Use of gTLD Auction Proceeds for ICANN Reserve 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 Polo Consultores Associados Av. Paulista 1159, cj 1004 01311-200- Sao Paulo, SP, Brazil Land Line: +55 11 3266.6253 Mobile: + 55 11 98181.1464 Sorry for any typos. From: <alac-bounces@atlarge-lists.icann.org<mailto:alac-bounces@atlarge-lists.icann.org>> on behalf of Alan Greenberg <alan.greenberg@mcgill.ca<mailto:alan.greenberg@mcgill.ca>> Date: Wednesday, October 25, 2017 at 18:53 To: Seun Ojedeji <seun.ojedeji@gmail.com<mailto:seun.ojedeji@gmail.com>> Cc: 'ALAC List' <alac@atlarge-lists.icann.org<mailto:alac@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@gmail.com<mailto:seun.ojedeji@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@mcgill.ca<mailto: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. 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 _______________________________________________ ALAC mailing list ALAC@atlarge-lists.icann.org<mailto:ALAC@atlarge-lists.icann.org> https://atlarge-lists.icann.org/mailman/listinfo/alac At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/display/atlarge/At-Large+Advisory+Committee+(ALA...)
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@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*
*Polo Consultores Associados*
*Av. Paulista 1159, cj 1004*
*01311-200- Sao Paulo, SP, Brazil*
*Land Line: +55 11 3266.6253 <+55%2011%203266-6253>*
*Mobile: + 55 11 98181.1464 <+55%2011%2098181-1464> *
*Sorry for any typos. *
From: <alac-bounces@atlarge-lists.icann.org> on behalf of Alan Greenberg < alan.greenberg@mcgill.ca> Date: Wednesday, October 25, 2017 at 18:53 To: Seun Ojedeji <seun.ojedeji@gmail.com> Cc: 'ALAC List' <alac@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@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@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
_______________________________________________ ALAC mailing list ALAC@atlarge-lists.icann.org https://atlarge-lists.icann.org/mailman/listinfo/alac
At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/display/atlarge/At-Large+Advisory+Committee+(ALA...)
_______________________________________________
ALAC mailing list ALAC@atlarge-lists.icann.org https://atlarge-lists.icann.org/mailman/listinfo/alac
At-Large Online: http://www.atlarge.icann.org ALAC Working Wiki: https://community.icann.org/display/atlarge/At-Large+Advisory+Committee+(ALA...)
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 <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.
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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participants (7)
-
Alan Greenberg -
Eduardo Diaz -
Judith Hellerstein -
León Felipe Sánchez Ambía -
Maureen Hilyard -
Seun Ojedeji -
Vanda Scartezini