[nc-budget] Fw: DNSO Bank accounts

["Ken Stubbs" <kstubbs@corenic.org>]

here is the e-mail i discussed re: 

bank accounts


----- Original Message ----- 
From: Mike Roberts <roberts@icann.org>
To: Ken Stubbs <kstubbs@corenic.org>
Cc: <touton@icann.org>; <ajm@icann.org>; <schroeder@icann.org>
Sent: Friday, August 11, 2000 11:51 AM
Subject: Re: DNSO Bank accounts


> Ken - just a brief comment as a ps to our conversation yesterday.  We 
> have a somewhat ambiguous financial relationship with the SO's as a 
> consequence of the changes in the Bylaws that were put in place on 
> the fly during the organization of ICANN.  One of these days, we'll 
> get around to fixing that, and perhaps the DNSO review and subsequent 
> report is a way to get some Board level visibility on the problem. 
> In the meantime, I'm trying to keep auditors from getting agitated 
> about financial transactions that might appear to be irregular.  I 
> think we have dealt with the major issues with the changes made this 
> last spring under which DNSO cash in and cash out are being treated 
> on a virtual "trust account" basis within our corporate general 
> ledger.
> 
> With respect to the opening of new bank accounts, offshore or 
> otherwise, some caution needs to be exercised about the manner of 
> their creation. In particular, we can't have DNSO people, however 
> well intentioned, opening an account in the name of ICANN.
> 
> In order to deal with the politics we covered yesterday, and the 
> notion that in the short term the DNSO secretariat needs to be 
> sponsored by some organization in the locale in which it lands to 
> avoid problems like long term space leases, perhaps we can apply the 
> same theory to the banking.  Ie, whatever organization ends up 
> sponsoring the secretariat for the next year or so will agree to 
> provide space, admin svcs, banking svcs etc. - all in the name of the 
> sponsoring organization.
> 
> Maybe you could promote this direction by a note to the NC suggesting 
> that attention be concentrated on identifying the "host" organization 
> for the DNSO secretariat for the next 12 months?
> 
> Thanks much for your time, forbearance and good will on all of this,
> 
> - Mike
>