[nc-budget] NAMES COUNCIL BUDGET COMMITTEE REPORT TO NAMES COUNCIL

["Cochetti, Roger" <rogerc@netsol.com>]

Attached you will find a report from the Budget Committee to the Names
Council for the forthcoming Council meeting. 

Roger Cochetti
Registry Constituency




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18 October 2000

REPORT OF THE BUDGET COMMITTEE TO THE NAMES COUNCIL

* During August/September/October, the Budget Committee met three times ( 25
August, 5 September, and 17 October )with drafting groups and a Subcommittee
meeting as well.  

* Since its inception, the Committee has set as its initial goal the
establishment of a program to collect and administer a voluntary fund that
will be used to provide professional support services for the benefit of the
Names Council.  In pursuit of this, the Committee has completed four key
tasks:

1) The development of a procedure to establish a bank account that will be
the point of collection of funds that are voluntarily contributed for the
purpose of covering the costs of professional support services; and

2) The development of a solicitation document that can be used in the
campaign to raise voluntary contributions for this fund; and

3) The development of a detailed description of the professional services
that should be provided to support the work of the Council and its
committees, work groups, etc.; and

4) The development of a plan to recruit and evaluate candidates to provide
professional services for the Names Council, including a three-member search
subcommittee.

* The launch of the fund-raising effort is now scheduled for November and it
is hoped that at least $120,000 (including VeriSign Global Registry
Services' commitment to match contributions to this fund up to $100,000) can
be raised by year-end.
This would be enough to support the retention of professional services to
support the Council.

* The Budget Committee has also begun to examine the disposition of the
funds collected from constituencies and administered by ICANN management on
behalf of the Council (ICANN reports that through 17 October, it has
collected a total of $69,470.99 from DNSO Constituency payments and that a
total of $61,029.01 remains unpaid and due.)

*  As its next major objective, the Committee plans to develop a more
detailed plan for the spending of these funds as well as to examine the
issue of assessed constituency payments that are unpaid and overdue.  


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