Re: [nc-budget] Report on DNSO Finances

["Erica Roberts" <erica.roberts@bigpond.com>]

Agreed.  As far as I am aware, no constituency has asked to be forgiven
outstanding dues so I see no reason to depart from normal commercial
practice as outlined by Roger.

erica
----- Original Message -----
From: "Cochetti, Roger" <RCochetti@verisign.com>
To: <nc-budget@dnso.org>
Cc: "Diane Schroeder" <schroeder@icann.org>; "'Louis Touton'"
<touton@icann.org>
Sent: Friday, November 09, 2001 2:00 PM
Subject: RE: [nc-budget] Report on DNSO Finances


> Louis' questions is significant because, according to a Council decision
in
> August, it is only for the third call (DNSO dues that were assessed in
2001)
> that the sanctions program for non-payers applies.  Moreover, it would
> establish a precedent on how we treat partial payments.
>
> In normal commercial practice, if an creditor has several outstanding
> balances from a non-payer and the non-payer makes a partial payment, then
> that partial payment is credited towards the oldest debt.  According to
this
> practice, payments received by non-paying Constituencies during 2001 would
> be credited towards 2000 dues, until those 2000 dues are fully paid.
>
> While I believe that some Constituencies may intend to make payments
towards
> their 2001 DNSO debts in expectation that they can abandon their 2000 DNSO
> debts altogether, I do not believe that it is good practice to permit this
> to happen because it would encourage the abandonment of old debts to the
> DNSO and only the payment of current debts.  Thus, I suggest that we
follow
> the widely-used practice of crediting any payments received towards the
> oldest debt.
>
> This would differ from the practice used in the attached table and cause
it
> to be revised.
>
> I'd appreciate your thoughts.
>
>
>
> Roger J. Cochetti
> Senior Vice-President & Chief Policy Officer
> VeriSign
> (202) 973-6600
> rcochetti@verisign.com
>
>
> -----Original Message-----
> From: Louis Touton [mailto:touton@icann.org]
> Sent: Wednesday, November 07, 2001 11:40 PM
> To: nc-budget@dnso.org
> Cc: Diane Schroeder
> Subject: [nc-budget] Report on DNSO Finances
>
>
> To the Names Council Budget Committee:
>
> Here is a summary of DNSO finances handled by ICANN staff through 7
> November 2001.  Please note that amounts paid by the ISP and
> noncommercial constituencies have been attributed to the third call,
> even though these constituencies have not fully satisfied the second
> call.  In the case of the ISP constituency, this was because the amount
> received matched the third call.  In the case of the noncommercial
> constituency, this was because the the $150.00 was received after the
> third call was made.  If the budget committee believes either of these
> amounts should instead be attributed to the second call, please let me
> know.
>
> Best regards,
>
> Louis Touton
>
>                         1st Call      2nd Call       3d Call   Total
> Recd
> Business Constitutency $5,000.00    $13,642.86  $15,371.00  $34,013.86
> ccTLD Constituency     $5,000.00     $5,168.59       ---    $10,168.59
> gTLD Constituency      $5,000.00    $13,642.86  $15,371.00  $34,013.86
> IP Constituency        $5,000.00    $13,642.86  $15,371.00  $34,013.86
> ISP Constituency       $5,000.00         ---    $15,371.00  $20,371.00
> NCDNHC                 $5,000.00                   $150.00   $5,150.00
> Registrar Constituency $5,000.00    $13,642.86  $25,107.14  $43,750.00
> Total Paid            $35,000.00    $59,740.03  $86,741.14 $181,481.17
> Total Called For      $35,000.00    $95,500.00 $107,597.00 $238,097.00
>
> Other Donations          $9,050.00
> Constituency Donations $181,481.17
> Total Donations        $190,531.17
> Earned Interest          $2,763.95
> Bank Charges              ($252.00)
> Expenses Paid          ($19,725.09)
> Total Available Funds  $173,318.03