New TLDs are top budget item — but also the only line item to decrease.
If you’re reading this blog, you are probably one of the many people that funds ICANN’s operations. You pay the registrar, which in turn pays ICANN and the registry. The registry also pays ICANN. In short, without domain registrants, ICANN has very little money.
So how ICANN spends its money should be important to you. The non-profit has released its draft proposed 2011 financial year budget for July 2010 to June 2011 and is currently accepting comments.
The 2011 budget includes a record $60 million in operating expenses. Here’s a breakdown of the budget items over $5 million:
1. New TLDs and IDNs – $8.048 million (the only budget item to go down from 2010 to 2011, $6.683 is for new TLDs and the rest is for IDNs)
2. Security, Stability, and Resiliency $7.087 million
3. Global engagement and increasing international participation $6.792 million
4. Policy development support $6.421 million
6. Constituency support $6.216 million
7. IANA function and technology operations improvements $5.804 million
8. Core meeting logistics $5.255 million
Over $60 million? How silly! What wastfulness!
Global engagement and international participation is something that costs millions?
All that could have probably been done for $2 million or less.
The U.S. GAO should have rights to audit these expenditures.
Who does have the right to audit these “expenses”? Anyone? Nobody?
This is how the meeting went:
ICAAN: We have a titanic size ship full of cash. Let’s just make a bunch more TLDs, and the rest we can say is security and global endevours.
ICANN (traitor): But shouldn’t we try to build a better infrastructure, and increase security by not having so many TLDs? I mean we have .cm and .co which should be forwarded to .com in the first place.
ICANN: *does line off mountain of cocaine*
me, i dont have that problem,
me i always tell the truth
even when i lie.
so say goodnight to the badbuy,comon!,
the last time you gonna see a bad guy like this, again, let me tell you.
comon, make way for the bad guy, its a bad guy coming through,
you better get out his way!
Shorty,
Icann doesn’t answer to anyone.
Absolute power corrupts ???
It reminds me of the stories we hear about lottery winners spending all of the money in a couple years which should have lasted for a couple generations.