[NCUC-DISCUSS] Reminder!!! Replenishment strategy on ICANN Reserve Fund at 17h00 UTC today

[Ayden Férdeline]

I can sum up the call rather quickly. The reserve fund is empty and only covers 4.8 months of operating expenses, so has to be replenished. We need $68m.

Where do we get the money from? The proposed strategy is as follows:

- Raise it within five years maximum.
- ICANN org operational savings can generate $15m over five years.
- Raid the new gTLD auction proceeds and take a minimum $36m.
- Remaining shortfall can be funded through EITHER additional funds from fees imposed on the contracted parties OR additional auction proceeds allocation.
- Current investment strategy generates 6% returns per annum.

— Ayden

‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
On 1 March 2018 4:55 PM, thatomfikwe <thatomfikwe at gmail.com> wrote:

> Thanks Daniel.
>
> Sent from my Samsung Galaxy smartphone.
> -------- Original message --------
> From: DANIEL NANGHAKA <dndannang at gmail.com>
> Date: 01/03/2018 13:19 (GMT+02:00)
> To: thatomfikwe <thatomfikwe at gmail.com>
> Cc: NCUC-discuss <ncuc-discuss at lists.ncuc.org>
> Subject: Re: [NCUC-DISCUSS] Reminder!!! Replenishment strategy on ICANN Reserve Fund at 17h00 UTC today
>
> Am available, I will make a draft.
>
> On Thursday, March 1, 2018, thatomfikwe <thatomfikwe at gmail.com> wrote:
>
>> Webinar Details and How to Attend
>>
>> Date: 1 March 2018
>>
>> Time 17:00 UTC
>>
>> To participate please access the Remote Participation:
>>
>> https://participate.icann.org/planning
>>
>> If anyone want to volunteer to draft a summary of the webinar, please come forward so that we can share the experience with the wider community thanks.
>>
>> Looking forward to seeing you in the call.
>>
>> Thato Mfikwe.
>>
>> Sent from my Samsung Galaxy smartphone.
>
> --
>
> Regards
> Nanghaka Daniel K.
> Executive Director - ILICIT Africa / Chair - FOSSFA / Community Lead - ISOC Uganda Chapter / Geo4Africa Lead / Organising Team - FOSS4G2018
> Mobile +256 772 898298 (Uganda)
> Skype: daniel.nanghaka
>
> ----------------------------------------- "Working for Africa" -----------------------------------------
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