RE: [nc-budget] Report on DNSO Finances

["Cochetti, Roger" <RCochetti@verisign.com>]

A majority of the Budget Committee has responded, with no member objecting,
in support of financial practice under which DNSO Constituency payments are
credited towards the oldest outstanding debt.

Please revise the tables accordingly.

Thanks. 

Roger J. Cochetti
Senior Vice President & Chief Policy Officer
VeriSign
rcochetti@verisign.com
202-973-6600


-----Original Message-----
From: Cochetti, Roger 
Sent: Thursday, November 08, 2001 10:01 PM
To: nc-budget@dnso.org
Cc: Diane Schroeder; 'Louis Touton'
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