ICANN Resolutions » 2002-06-28 - Approval of 2002-2003 Budget
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Board approves Fiscal Year 2002-2003 Approved 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 30 March 2002, posting of a proposed budget on 15 May 2002, submission of on-line comments, and a budget presentation and discussion at the ICANN Public Forum in Bucharest on 27 June 2002;
Whereas, the Board has carefully considered the comments received;
Whereas, the President has submitted to the Board a proposed prepared through that consultative process for FY02-03, commencing 1 July 2002 (the "Proposed Budget");
Whereas, the Board has reviewed the Proposed Budget and has found that its adoption is in the best interests of the Corporation;
Resolved [02.81] that the Proposed Budget is hereby adopted as the annual budget of the Corporation for the fiscal year beginning 1 July 2002 (as adopted, the "Budget"); and
Further resolved [02.82] 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.