ICANN Resolutions » 2001-06-04 - Approval of 2001-2002 Budget
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Board approves Fiscal Year 2001-2002 Budget.
Whereas, ICANN's bylaws require that the President shall prepare and submit to the Board a proposed annual budget of the Corporation for the next fiscal year;
Whereas, the President, with the endorsement of the Finance Committee and with the assistance of the Budget Advisory Group, has followed an open and consultative process in developing the budget, including posting of a preliminary budget on 19 February 2001, posting of a proposed budget on 14 May 2001, submission of comments through an on-line comment forum, and a budget presentation and discussion at the ICANN Public Forum in Stockholm on 3 June 2001;
Whereas, the Board has carefully considered the comments received;
Whereas, the President has submitted to the Board a proposed budget prepared through that consultative process for FY01-02, commencing 1 July 2001 (the "Proposed Budget");
Whereas, the Board has reviewed the Proposed Budget and has found that its adoption is in the best interest of the Corporation;
Resolved [01.63] that the Proposed Budget is hereby adopted as the annual budget of the Corporation for the fiscal year beginning 1 July 2001 (as adopted, the "Budget"); and
Further resolved [01.64] that the President is authorized and directed to implement and carry out the Budget and is directed to inform the Board of material variances from the Budget.