18 May '11, 8pm

How ICANN Will Spend $67 Million of Your Money

ICANN expects to spend $67 million in the year starting July 1. That’s if the new gTLD program doesn’t kick off. Since you, the readers of this blog, ultimately provide ICANN’s funding, it’s important to know how your money is being spent. So you should take some time to look through and comment on the FY12 Operating Plan and Budget (pdf ). FY 2012 starts July 1, 2011. ICANN plans to spend $69.7 million in FY 2012 (including depreciation and bad debt expenses), up $7.7 million from FY 2011′s budget. That’s a 12.4% annual increase. It expects revenues of $69.758 million. The expense increase can be attributed as follows: 1. $3 million increase in compensation including 4% merit increases, more staff for Global Engagement and Increasing International Participation, and more compliance resources. 2. $1.9 million increase in travel, including paying airfare, lodging, meals, an...

Full article: http://domainnamewire.com/2011/05/18/how-icann-will-spend...

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