Historical Resolution Tracking Feature » 2010-02-04 - Contingency Funding for FY10 Operating Expenses
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2010-02-04 - Contingency Funding for FY10 Operating Expenses
Authorized the release of contingency funds for FY10 operating expenses.
- Release funds and monitor expenditures
- Responsible entity: CFO
- Due date: None provided
- Completion date: FY 2010
Whereas, in accordance with its commitments made at the time of adoption of the FY10 budget, the BFC has reviewed the results of financial operations for ICANN through December 2009, as well as the forecasts for FY10;
Whereas the extra pressures on the FY10 budget are acknowledged and based upon reasonable underlying causes;
Whereas the BFC directed staff to develop a plan for widespread and extra cost containment efforts, and has reviewed that plan;
Whereas the BFC has indicated the cost containment efforts should not include the cutting back on essential ICANN services;
Whereas the risks of FY10 budget overrun have been assessed and acknowledged ;
It is hereby RESOLVED (2010.02.04.04) that the Board authorizes the CEO and his designated staff to approve the release of the $1.5 million from the existing FY10 budget contingency line item for FY10 operating expenses;
It is hereby RESOLVED (2010.02.04.05) that the Board requests the CEO and his designated staff to closely monitor expenditures and forecasts for FY10, ensuring that ICANN essential services are not affected, and work with the BFC on plans and alternatives as required.
- Contingency funding provided for operating expenses; the resolution does not address funding for the additional items identified therein.