RE: [nc-budget] Proposed Jan-June 2003 NC budget

["Gomes, Chuck" <cgomes@verisign.com>]

Based on the assumption that all six constituencies agree to share the load equally and pay on a timely basis, the gTLD Registry Constituency supports the following compromise proposal:

• Reduce the Budget Committee proposed budget by $9750, the amount allocated to support task force conference calls, resulting in the need for volunteer sponsorship of all task force activities.
• This would reduce the proposed per constituency fee from just over $9000 to just over $7375.  On a prorata basis this represents a slight increase in the previous year fees but, when you factor in the fact that we have one less constituency, the total budget would be reduced compared to last year's budget.
• This would also provide a reserve and contingency funds that are needed for these reasons: 1) to maintain sufficient balance in the GNSO Account to ensure that ICANN will continue to handle the funds for the GNSO through the transition period; 2) to provide the GNSO initial funding going into ICANN's fiscal year 2004; 3) to provide some cushion in case of unforeseen needs and in case of constituency fees that are late or unpaid as has historically been the case.

Chuck Gomes
VeriSign Com Net Registry

-----Original Message-----
From: Philip Sheppard [mailto:philip.sheppard@aim.be]
Sent: Friday, November 22, 2002 8:44 AM
To: nc-budget@dnso.org
Cc: Bruce Tonkin Regs
Subject: [nc-budget] Proposed Jan-June 2003 NC budget

Budget Committee,

Time pressures meant that all voting members of the Budget Committee left before the end of the November 20 call, leaving Roger in the uncomfortable position of no one else to vote on the budget! Unfortunately, also the idea agreed to earlier in the call, to adjust the reserves in light of the end of the DNSO and a six month budget was not done. The Budget was left at something over USD 9000 per constituency for six months - ie 25% up on last year pro-rata. This seems unachievable, given our payments history.

 

Please see attached a revised proposal for your consideration. I have checked with Glen and got a new conservative figure for the reserves expected at the end of 2002 (USD 25,000). The assumption of the budget is:

-  Six months costs based on 2002 actuals provided by Glen.

- (As in 2002, Indicate but do not budget for task force telephone conferences - they continue to be sponsored until July 2003).

- Deduct the USD 25, 000 surplus cash in hand.

- ADD a cash-flow contingency of USD 10,000 to cover any late payment by up to 2 constituencies.

 

The net result is a call per constituency of USD 4950 per constituency.

I hope you can support this. The figure is conservative and I believe achievable to collect. Please indicate to Roger and the Budget Committee if you support this.

 

Philip