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ICANN Posts Adopted FY21-25 Operating and Financial Plan and FY21 Budget

10-May-2020 | Source : AG-IP News | Visits : 425

LOS ANGELES - The Internet Corporation of Assigned Names and Numbers (ICANN) announced in a press release that the Board of Directors adopted ICANN's FY21-25 Operating and Financial Plan and FY21 Budget. Before the Plan or Budget can take effect on July 1, 2020, ICANN's Empowered Community now has an opportunity to consider whether it will reject either or both of these documents.

The FY21-25 Operating and Financial Plan demonstrate how ICANN org will implement the Strategic Plan for Fiscal Years 2021–2025 that was adopted by the ICANN Board in June 2019. The FY21 Operating Plan and Budget reflects the planned activities for July 01, 2020 through June 30, 2021. In addition, the plans adopted take into account the potential impacts of the COVID-19 pandemic on ICANN org's current and planned work. The operating and budget documents include:

•    Highlights and a summary of changes to the original draft plans posted for public comment on 20 December 2019, compared to the current adopted plans, including new assumptions and financial projections.

•    An overview of the 15 Operating Initiatives and how ICANN org will achieve the objectives and goals set out in the ICANN Strategic Plan.

•    A detailed breakdown of the 35 functional activities that are necessary to operate the organization and overall work that ICANN org performs.

•    The adopted FY21 Budget

The FY21-25 Operating and Financial Plan and the FY21 Operating Plan and Budget will be able to take effect on  July 1, 2020 if the Empowered Community rejection process has concluded by that time.

Community participation and engagement in ICANN's planning process is a cornerstone of transparency and accountability to the public. The FY21-25 Operating and Financial Plan and FY21 Operating Plan and Budget were the result of 11 months of collaboration between the ICANN org, the community, the Public Technical Identifiers (PTI) Board, and the ICANN Board's Finance Committee (BFC). ICANN thanks all community members who participated in this important process and contributed to improving its outcome.

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