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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Reminder – please participate in the poll if you have not done so yet.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Marika<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="color:black">From: </span></b><span style="color:black"><ccwg-auctionproceeds-bounces@icann.org> on behalf of Marika Konings <marika.konings@icann.org><br>
<b>Date: </b>Tuesday, August 15, 2017 at 06:12<br>
<b>To: </b>Jonathan Robinson <jrobinson@afilias.info>, 'Seun Ojedeji' <seun.ojedeji@gmail.com>, "Xavier J. Calvez" <xavier.calvez@icann.org><br>
<b>Cc: </b>"ccwg-auctionproceeds@icann.org" <ccwg-auctionproceeds@icann.org><br>
<b>Subject: </b>[Ccwg-auctionproceeds] Please participate - survey re. whether ICANN Org should be able to apply for funds<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Jonathan, thank you for your suggestion and others for chiming in. In consultation with the leadership team, staff has put together a short survey to obtain CCWG input on the
questions you have outlined below which will hopefully help inform the CCWG deliberations on this topic. To participate in the survey, please go to
<a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.surveymonkey.com_r_HRRV93W&d=DwMGaQ&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=7_PQAir-9nJQ2uB2cWiTDDDo5Hfy5HL9rSTe65iXLVM&m=_T1cLFkwn8kLi5jr9uCCI3cTUNSqX0Cv-wIVN_Xqpqc&s=YWSOX8e-LtaTRwYSpnCY2VJtJ6ujbtxMW5EzSdyanhQ&e=">
https://www.surveymonkey.com/r/HRRV93W[surveymonkey.com]</a>. </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">You are requested to provide your input by Wednesday 23 August at 18.00 UTC at the latest.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Thanks,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Marika</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><o:p></o:p></p>
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<p class="MsoNormal"><b><span style="color:black">From: </span></b><span style="color:black"><ccwg-auctionproceeds-bounces@icann.org> on behalf of Jonathan Robinson <jrobinson@afilias.info><br>
<b>Organization: </b>Afilias<br>
<b>Reply-To: </b>Jonathan Robinson <jrobinson@afilias.info><br>
<b>Date: </b>Friday, August 11, 2017 at 03:11<br>
<b>To: </b>'Seun Ojedeji' <seun.ojedeji@gmail.com>, "Xavier J. Calvez" <xavier.calvez@icann.org><br>
<b>Cc: </b>"ccwg-auctionproceeds@icann.org" <ccwg-auctionproceeds@icann.org><br>
<b>Subject: </b>Re: [Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting</span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:11.0pt"> </span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">All,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">A couple of thoughts on this topic.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">On the subject of whether or not ICANN should have a 12 month operating expense reserve in place.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Agreed that it seems to be common practice in the not for profit sector.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Whether or not it should be the case for ICANN is an interesting question, but agreed, not one for this CWG.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">In any event, Xavier has clarified that the current policy is that the level of operating reserve should be 12 months.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">My understanding of the question for this group is not whether or not we would sanction the (auction fund) money being used to top up the reserves.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">But rather, whether or not we would like to see rules in place that sanction ICANN (the organisation) applying for auction funds.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">In evaluating that question of ICANN the organisation as a prospective applicant, a use or test case for that consideration is ICANN applying (under the same
rules as anyone else) for auction funds to top up the ICANN reserve funds.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">My personal view is that ICANN should be demonstrating a commitment to fulfilling its current policy (to have in place a 12 month reserve) by budgeting an operating
surplus to build that reserve.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">In addition (independently of this CWG), ICANN should review its current policy on reserve funds.
</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">If these two criteria were met, it would make me personaly much more sympathetic to potentially topping up reserve funds (to some extent) with auction funds.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">At the risk of being repetitive, it seems to me that the question for this CWG remains:</span><o:p></o:p></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-left:0in;mso-list:l0 level1 lfo3"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Whether or not ICANN the Organisation should be permitted to apply for funds?<br>
and</span><o:p></o:p></li><li class="MsoNormal" style="margin-left:0in;mso-list:l0 level1 lfo3"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">If so, what constraints should be place on this (use of funds, quantum etc)?</span><o:p></o:p></li></ul>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Thanks,</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Jonathan</span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Seun Ojedeji [mailto:seun.ojedeji@gmail.com]
<br>
<b>Sent:</b> Friday, August 11, 2017 7:18 AM<br>
<b>To:</b> Xavier J. Calvez <xavier.calvez@icann.org><br>
<b>Cc:</b> ccwg-auctionproceeds@icann.org<br>
<b>Subject:</b> Re: [Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting</span><o:p></o:p></p>
<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">Hello, <o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">Xavier is right about reserve that covers operational expenses for minimum is say 12 month being normal practice. Some even do it for more; some RIRs have way above 1 year already while others are working towards same. However ofcourse
none can match the fat figures of ICANN budget. ;-)<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">However I don't think auction proceeds in this context can be referred to as surplus that can get ploughed back to achieve reserve target set by ICANN management NOR do I think it is a target/goal that this group should try to achieve.<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">I for will suggest that we should consider mechanisms that allow some community projects that ICANN normally fund in their budget to be eligible, which if approved (based on the process) may then result to more surpluses to ICANN and they(Board)
can decide to put that to reserve.<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">Regards<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">Sent from my mobile<br>
Kindly excuse brevity and typos<o:p></o:p></p>
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<p class="MsoNormal"> <o:p></o:p></p>
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<p class="MsoNormal">On Aug 10, 2017 10:26 PM, "Xavier J. Calvez" <<a href="mailto:xavier.calvez@icann.org">xavier.calvez@icann.org</a>> wrote:<o:p></o:p></p>
<blockquote style="border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt">
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">All,<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">I apologize if I did not make the following clear: ICANN’s current policy is to have in place a reserve fund equivalent to at minimum 12 months of operating expenses. Refer to ICANN’s
Investment Policy, see at <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.icann.org_resources_pages_investment-2Dpolicy-2D2014-2D07-2D30-2Den&d=DwMFaQ&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=7_PQAir-9nJQ2uB2cWiTDDDo5Hfy5HL9rSTe65iXLVM&m=Dww8xHmK4zEHqHK0lHK7IdorPuvHkXKk1luyeB5pBxQ&s=rcBRrG4RZelJUExS-glQJgvDHB75hZlkZOX7O2qDG_A&e=" target="_blank">
https://www.icann.org/resources/pages/investment-policy-2014-07-30-en[icann.org]</a>, see the paragraph “Size of Funds”, copied below).<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">“The Reserve Fund shall contain any amounts not contained in the Operating Fund. Any surplus funds will be used to build up the Reserve Fund to a balance sufficient to cover an
emergency requirement. The Reserve Fund is expected to reach and maintain a level of funds to maintain a minimum of 12 months of expected expenditures.“<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">I indicated that this level of a reserve fund is the commonly used in non-profit organizations.<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Thank you.<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Best,<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Xavier<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Xavier Calvez<o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">ICANN – SVP & CFO<o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="color:black">From:
</span></b><span style="color:black"><<a href="mailto:ccwg-auctionproceeds-bounces@icann.org" target="_blank">ccwg-auctionproceeds-bounces@icann.org</a>> on behalf of Alan Greenberg <<a href="mailto:alan.greenberg@mcgill.ca" target="_blank">alan.greenberg@mcgill.ca</a>><br>
<b>Date: </b>Thursday, August 10, 2017 at 1:41 PM<br>
<b>To: </b>Dietmar Stefitz <<a href="mailto:djs@bemarnet.es" target="_blank">djs@bemarnet.es</a>>, Michael Karanicolas <<a href="mailto:mkaranicolas@gmail.com" target="_blank">mkaranicolas@gmail.com</a>>, Kavouss Arasteh <<a href="mailto:kavouss.arasteh@gmail.com" target="_blank">kavouss.arasteh@gmail.com</a>><br>
<b>Cc: </b>"<a href="mailto:ccwg-auctionproceeds@icann.org" target="_blank">ccwg-auctionproceeds@icann.org</a>" <<a href="mailto:ccwg-auctionproceeds@icann.org" target="_blank">ccwg-auctionproceeds@icann.org</a>><br>
<b>Subject: </b>Re: [Ccwg-auctionproceeds] Notes & action items from today's CCWG-AP meeting</span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"> <o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt">To be clear, I don't think anyone on the call suggested we build up the reserve to a 12 or 24 month level of current budget. Xavier said that 1 year was a typical norm for non-profits,
but in my opinion, there is no need for that, as in the case of emergency, costs could be ramped down quickly.
<br>
<br>
I vaguely recall that the level that we were targeting (before the drain from the CCWG-Acct expenses) was something like $80m. So even if we contributed enough to get back to that level, it would be perhaps $40m.
<br>
<br>
But the issue in my mind is not how much, but if.<br>
<br>
Alan<br>
<br>
At 10/08/2017 03:28 PM, Dietmar Stefitz wrote:<br>
<br>
<br>
<br>
<o:p></o:p></p>
<blockquote style="margin-top:5.0pt;margin-bottom:5.0pt">
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">Hi Erika and all,<br>
<br>
I have been very astonished to hear the proposal to use the Auction Money in filling up the reserve account of ICANN.<br>
Filling up for 12 month reserve or 24 month reserve, if we have to take 24 month, there will not be much left to disburse to other projects.<br>
<br>
I thought that the call from Xavier has been to explain specially the Investment of the fund at this moment, for which I can only congratulate.<br>
A 1% return on a super save investment is not bad, and it should be made like this in the future.<br>
<br>
I would absolutely be against a filling up of the reserve fund from the auction proceeds, at least as a decision from this group.<br>
Or did I misunderstand something?<br>
<br>
Dietmar Stefitz<br>
<br>
<br>
<br>
<br>
<br>
<br>
Thursday, August 10, 2017, 8:05:56 PM, you wrote:<br>
<br>
<b>MK> Hi Kavouss,<br>
<br>
MK> Am I missing something - or are you suggesting that the CCWG should<br>
MK> only determine whether or not money be fed into ICANN's reserve<br>
MK> account, without also indicating what proportion should be used to<br>
MK> that effect?<br>
<br>
MK> If so - I don't see how the CCWG could consider anything beyond that<br>
MK> simple yes/no question, as we'd have no indication how much money we<br>
MK> would have leftover to work with, once the reserve is replenished.<br>
MK> Decisions about allocation priorities can't really be made unless we<br>
MK> also look at how the pie should be portioned out, right?<br>
<br>
MK> Michael Karanicolas<br>
<br>
MK> On Thu, Aug 10, 2017 at 2:50 PM, Kavouss Arasteh<br>
MK> <</b><a href="mailto:kavouss.arasteh@gmail.com" target="_blank"> kavouss.arasteh@gmail.com</a><b>> wrote:<br>
<br>
<br>
>> Dear Erika, Dear All,<br>
<br>
>> Today during the last 15 mints of the call I tried to draw your attention to<br>
>> allow me to intervene on the views expressed by Alan reading the Reserve<br>
>> account.<br>
<br>
>> If I have well understood his statement he wanted that CCWG discuss the<br>
>> level of ICANN reserve account which was announced by Xavier to be<br>
>> equivalent to one year budget as objective. As Xavier mentioned this level<br>
>> has not been reached.<br>
<br>
>> Alan’s view that CCWG discuss the level of ICANN reserve account is outside</b><b><span style="font-family:"PMingLiU",serif"><br>
</span>>> the mandate of CCWG. We may just decide whether or not that account be fed</b><b><span style="font-family:"PMingLiU",serif"><br>
</span>>> by using Auction money but decision on the appropriate level of the reserve<br>
>> account is totally outside or mandate as it is a decision to be made by the<br>
>> Board and not by this group<br>
<br>
>> Regards<br>
<br>
>> Kavouss<br>
<br>
<br>
>> On Thu, Aug 10, 2017 at 5:56 PM, Joke Braeken <</b><a href="mailto:joke.braeken@icann.org" target="_blank">joke.braeken@icann.org</a>
<b>><br>
>> wrote:<br>
<br>
>>> Dear All,<br>
<br>
<br>
<br>
>>> Please find below the notes and action items from today’s CCWG-AP meeting.</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Best regards,</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Joke Braeken</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Notes CCWG – AP Meeting 10 August 2017:</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> These high-level notes are designed to help the CCWG navigate through the</b><b><span style="font-family:"PMingLiU",serif"><br>
</span>>>> content of the call and are not meant as a substitute for the transcript<br>
>>> and/or recording. The MP3, transcript, and chat are provided separately and<br>
>>> are posted on the wiki at: </b><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__community.icann.org_x_DLHDAw&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=6OyX-H7GEmBCRJWXNDGE46VvO6oDVoRB82Z2AeomXAg&e=" target="_blank">https://community.icann.org/x/DLHDAw[community.icann.org]</a><b>.<br>
<br>
<br>
<br>
>>> Roll Call<br>
<br>
<br>
<br>
>>> Please state your name for transcription purposes and keep microphones on<br>
>>> mute when not speaking.<br>
>>> Attendance will be taken from the AdobeConnect room.<br>
<br>
<br>
<br>
>>> Welcome – DOI</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Overview from Xavier Calvez on investment management<br>
<br>
<br>
<br>
>>> The intention of this presentation is<br>
<br>
>>> to allow the group to think on the issue of investment,<br>
>>> to understand ICANN's practice, and to answer any questions that might be<br>
>>> raised.<br>
<br>
>>> It helps to inform the discussion on the ROI of the fund; It includes an<br>
>>> overview of how the auction proceeds are currently managed, which might lead<br>
>>> to how they might be managed in the future.<br>
<br>
<br>
<br>
>>> Important to note:<br>
<br>
>>> only conservative investment policies are being used<br>
>>> the investment strategy will be designed in support of the objectives<br>
<br>
<br>
<br>
>>> An overview of some illustrative investment scenarios was provided,<br>
>>> followed by Q&A.<br>
<br>
<br>
<br>
>>> Parameters that need to be considered:<br>
<br>
>>> amount of money<br>
>>> horizon<br>
>>> level of risk (which is not correlated to the horizon)<br>
<br>
<br>
<br>
>>> Financial information is regularly provided during the quarterly<br>
>>> stakeholder calls.<br>
<br>
>>> (amount from latest update - Q3 data of FY17.<br>
</b>>>> <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.icann.org_quarterlyreports&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=baFsmaqAdvnSkJG4eoXhzZNn5-StHSA9z08s4kUvK4E&e=" target="_blank">
https://www.icann.org/quarterlyreports[icann.org]</a><b>)<br>
<br>
>>> Reserve Fund: 64 million<br>
>>> New gTLD unspent application fees: 128 million<br>
>>> Auction proceeds: 233 million<br>
>>> Annual budget of ICANN. FY18 budget expenses 142 million USD.<br>
<br>
<br>
<br>
>>> Regarding replenishing the reserve fund: appropriate procedures need to be<br>
>>> taken, appropriate approvals and decisions need to be in place for it to be<br>
>>> legal.<br>
<br>
>>> This is however a moral question as well. The charter does include this<br>
>>> question: “To what extent (and, if so, how) could ICANN, the Organization or</b><b><span style="font-family:"PMingLiU",serif"><br>
</span>>>> a constituent part thereof, be the beneficiary of some of the auction fundsâ€
</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
</span>>>> The group needs to discuss this at a later stage.</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Next meeting</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> next CCWG-AP meeting is scheduled for Thursday 24 August at 14.00 UTC</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> = = = =<br>
<br>
<br>
<br>
>>> Action item #1:<br>
<br>
>>> CCWG to review the slides presented by Xavier (published on<br>
</b>>>> <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__community.icann.org_display_CWGONGAP_2017-2D08-2D10-2BCCWG-2BNew-2BgTLD-2BAuction-2BProceeds-2Bcall&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=FQiYsQAxL7CV_3RJCSjIYJtSMgDGoFBN-QeXmJoUPBU&e=" target="_blank">
https://community.icann.org/display/CWGONGAP/2017-08-10+CCWG+New+gTLD+Auction+Proceeds+call[community.icann.org]</a>
<b>)<br>
>>> and to share any further questions for Xavier on the group’s mailing list.</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
<br>
<br>
</span>>>> Action item #2:</b><b><span style="font-family:"PMingLiU",serif"><br>
<br>
</span>>>> Per the discussion during the CCWG-AP meeting on 27 July 2017, the</b><b><span style="font-family:"PMingLiU",serif"><br>
</span>>>> attached mind map was developed, which aims to regroup the objectives based<br>
>>> on the survey results as well as the subsequent discussions. The CCWG is<br>
>>> encouraged to continue to provide feedback on the proposed regrouping of<br>
>>> objectives/priorities, as well as the clustering of examples ahead of the<br>
>>> next meeting, scheduled for 24 August at 14 UTC.<br>
<br>
<br>
<br>
>>> Action item #3:<br>
<br>
>>> CCWG to review responses to charter question #4 and to continue the<br>
>>> discussion on the mailing list.<br>
<br>
>>> (see </b><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.surveymonkey.com_results_SM-2D6GNDQHJ6_&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=yulKeXnAn5CN2_dNRAj8nx_5IeuwBT4F1Heh3dtZJWI&e=" target="_blank">https://www.surveymonkey.com/results/SM-6GNDQHJ6/[surveymonkey.com]</a><b>
)<br>
<br>
<br>
<br>
>>> = = = =<br>
<br>
<br>
<br>
<br>
<br>
>>> Joke Braeken<br>
<br>
>>> ccNSO Policy Advisor<br>
<br>
</b><a href="mailto:joke.braeken@icann.org" target="_blank">>>> joke.braeken@icann.org</a><br>
<br>
<br>
<br>
<b>>>> Follow @ccNSO on Twitter: </b><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__twitter.com_ccNSO&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=ksIYlCk3ZzcyyNbJFUxushrbiDZC4_lO_WVwmhRrWG4&e=" target="_blank">https://twitter.com/ccNSO[twitter.com]</a><br>
<br>
<b>>>> Follow the ccNSO on Facebook: </b><a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.facebook.com_ccnso_&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=K_zzz3ZhAdQ0ckOqfmq_HvpwupZ-DfQbOd39kyGgqsI&e=" target="_blank">https://www.facebook.com/ccnso/[facebook.com]</a><br>
<br>
>>> <a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__ccnso.icann.org_&d=DwMFAw&c=FmY1u3PJp6wrcrwll3mSVzgfkbPSS6sJms7xcl4I5cM&r=IWWGaKyGUGcKQNGe7LtArAou7HP6fPR5aWjbPBUFZ3k&m=HKuU-9DAESnqcGMIdaNf5MeIgsXuBdt1W6-AYHyIJIc&s=kopXyX7wBTECByzaEGsPL-Mbcct5zfvtn4kCkugUF3I&e=" target="_blank">
http://ccnso.icann.org[ccnso.icann.org]</a><br>
<br>
<br>
<br>
<br>
<b>>>> _______________________________________________<br>
>>> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org" target="_blank">>>> Ccwg-auctionproceeds@icann.org</a><br>
>>> <a href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds" target="_blank">
https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<br>
<br>
<br>
<b>>> _______________________________________________<br>
>> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org" target="_blank">>> Ccwg-auctionproceeds@icann.org</a><br>
>> <a href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds" target="_blank">
https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<b>MK> _______________________________________________<br>
MK> Ccwg-auctionproceeds mailing list<br>
</b><a href="mailto:Ccwg-auctionproceeds@icann.org" target="_blank">MK> Ccwg-auctionproceeds@icann.org</a><br>
MK> <a href="https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds" target="_blank">
https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds</a><br>
<br>
<br>
<br>
<i>-- <br>
Saludos,<br>
Dietmar <br>
<br>
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