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 assistance of
the Finance Committee and 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 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.xx] 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.xx] 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.
