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</o:shapelayout></xml><![endif]--></head><body lang=ES link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Dear Members,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span lang=EN-US>Here is my update that I was intending to report on the call.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>Third FY12 budget has just been published.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US>To remind you these were Draft in 17-May, then Public and Constituency comments, board approval 21-June subject to unspecified changes. Approved budget published 9-August. (Only changes I can see from draft to approved were the AC/SO support requests reduced from 970k to 597k) although the introduction does mention board minuted approval of RPKI (no numbers) and JAS ( 2m$ but I can not see it in the budget) <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>Rational for the 9 Sept Budget is <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><i><span lang=EN-US>Based on the Board's decision to approve the launch of the New gTLD Program and to open the application window on 12 January 2012, the application processing now extends into the 2013 fiscal year. Therefore, it became obvious that including the New gTLD revenue and expenses across FY12 and FY13 presents a more accurate view of the overall FY12 budget. <o:p></o:p></span></i></p><p style='margin:0cm;margin-bottom:.0001pt;line-height:13.5pt'><span lang=EN-US style='font-family:"Arial","sans-serif";color:#424242;background:white'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>Also published are a<a href="http://www.icann.org/en/financials/consolidated-budget-fy12-09sep11-en.pdf"><span style='color:windowtext;text-decoration:none'> <b>new consolidated budget schedule</b></span></a> which simply summarizes the consolidated budget detail into two pages. (somebody must have taken my idea from the sheet I waved at the BC board meeting) and a new schedule presenting the <a href="http://www.icann.org/en/financials/new-gtld-program-cash-flow-09sep11-en.pdf"><span style='color:windowtext;text-decoration:none'>estimated cash flows for the New gTLD program</span></a>, to include the processing of the 1st round applications over FY12 and FY13.<o:p></o:p></span></p><p style='margin:0cm;margin-bottom:.0001pt;line-height:13.5pt'><span lang=EN-US style='font-family:"Arial","sans-serif";color:#424242;background:white'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>Also mentioned is a re-allocation of approved constituency funding from three At-Large regional meetings to one General Assembly are reflected in this <a href="http://www.icann.org/en/financials/adopted-opplan-budget-fy12-09sep11-en.pdf"><span style='color:windowtext;text-decoration:none'>updated FY12 Budget</span></a> ( although this was in the 9-Augand and the heading does not mention the denial of the constituency requests element) <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>So what highlight of this new budget. 97m gTLD income (500 * 185k) is moved from FY12 to 27m in FY12 and 64m FY13. Costs move as well but this has the effect of moving the previous this has the effect of reducing the 18m increase in net assets (profit) to only 180k. (a number so small and positive that it must have been worked backwards) Also new is out of 94m income that is allowance for 8.2m refunds. Costs already occurred in previous years seem to be included again. So it look like the whole exercise is not to show profit for the program. This would be a conservative as accounting is supposed to be. <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US>I have to go now so will send this first part now and another to more to follow.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p> </o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B710A'>Chris Chaplow</span></b><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B710A'><br></span></b><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B710A'>Managing Director</span></b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B710A'><br></span><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B710A'>Andalucia.com S.L.</span></b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><br></span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Avenida</span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'> del Carmen 9<br>Ed. </span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Puertosol</span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>, Puerto </span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Deportivo</span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'><br>1ª </span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Planta</span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>, </span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Oficina</span><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'> 30<br></span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Estepona</span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>, 29680<br>Malaga, Spain<br></span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Tel: + (34) 952 897 865</span></b><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'><br></span></b><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>Fax: + (34) 952 897 874</span></b><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'><br></span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>E-mail: </span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><a href="mailto:chris@andalucia.com"><b><span style='color:blue'>chris@andalucia.com</span></b></a></span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><br></span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>Web: </span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><a href="http://www.andalucia.com/"><b><span style='color:blue'>www.andalucia.com</span></b></a></span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'><br></span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:#0B850A'>Information about Andalucia, Spain.</span></b><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>