Budget for the 2002-2003 Fiscal Year 
 
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 endorsement of the Finance
Committee and with the assistance of the Budget Advisory Group, has
followed an open and consultative process in developing the budget,
including posting of a preliminary budget on 30 March 2002, posting
of a proposed budget on 15 May 2002, submission of comments through
an on- line comment forum, and a budget presentation and discussion
at the ICANN Public Forum in Bucharest on 27 June 2002; 
 
Whereas, the Board has carefully considered the comments received; 
 
Whereas, the President has submitted to the Board a proposed
prepared through that consultative process for FY02-03, commencing 1
July 2002 (the "Proposed Budget"); 
 
Whereas, the Board has reviewed the Proposed Budget and has found
that its adoption is in the best interests of the Corporation; 
 
Resolved [02.__] that the Proposed Budget is hereby adopted as the
annual budget of the Corporation for the fiscal year beginning 1
July 2002 (as adopted, the "Budget"); and 
 
Further resolved [02.__] 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.