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

[thatomfikwe]

I think we need to consider opetational costs as they influence the targel level amount of the Reserve Fund. 
One way to minimise costs could be to cut down on meetings (coupled with sessional community meetings) and substatial amounts spent on ICANN staff.
Not even sure if Reserve Funds are fully depleted in a particulay year or not. Sorry I could not complete the call, connectivity problem, will keep trying.
Thato Mfikwe.


Sent from my Samsung Galaxy smartphone.-------- Original message --------From: Kris Seeburn <seeburn.k at gmail.com> Date: 01/03/2018  19:43  (GMT+02:00) To: Ayden Férdeline <icann at ferdeline.com> Cc: thatomfikwe <thatomfikwe at gmail.com>, NCUC-discuss <ncuc-discuss at lists.ncuc.org> Subject: Re: [NCUC-DISCUSS] Reminder!!! Replenishment strategy on ICANN Reserve Fund at 17h00 UTC today 
All this is because we don’t have a clear process …. when was the alarm raised. The reserve fund is too less for ICANN. My doubts if operational doesn’t get in there. ICANN needs to keep an eye on the reserve and its operational expenses. How and for what purpose the reserve has gone to so much? 
Raise in max 5 years i would like to see that with expansion and the loads being paid to executives…..do we need all these staff as much as do we need all these staff to travel?
Which projects etc., is eating into the reserves?
On Mar 1, 2018, at 21:36, Ayden Férdeline <icann at ferdeline.com> wrote:
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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Kris Seeburnseeburn.k at gmail.comwww.linkedin.com/in/kseeburn/
"Life is a Beach, it all depends at how you look at it"



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