Here's the Board's discussion on the motion to double its budget. It's fascinating reading, so I thought I'd quote it in full....(read on)

IVAN MOURA CAMPOS: THANK YOU, MR. CHAIRMAN.

THIS RESOLUTION IS INTENDED TO ADOPT THE ICANN BUDGET FOR FISCAL YEAR 2004/2005. AS WE ARE ALL AWARE, WE PUBLISHED, POSTED, THE PROPOSED BUDGET IN MAY 17TH OF 2004, ACCORDING TO THE REQUIREMENTS OF THE BYLAW. AND THIS PROPOSED BUDGET WAS DEVELOPED THROUGH ACTIVE CONSULTATIONS WITH THE COMMUNITY, THE STAKEHOLDERS, THE BUDGET ADVISORY GROUP, THE FINANCE COMMITTEE, AND, OF COURSE, STAFF.

AND THE FINANCE COMMITTEE HAS RECENTLY VOTED TO PRESENT THIS -- FORWARD THIS BUDGET, THE PROPOSED BUDGET, FOR ADOPTION TO THE ICANN BOARD, WHICH IS EXACTLY WHAT IS HAPPENING HERE AND NOW. IF YOU VOTE IN FAVOR, YOU WILL BE -- WE WILL BE ADOPTING THE PROPOSED BUDGET AS POSTED AS THE ICANN BUDGET FOR THE NEXT FISCAL YEAR.

THERE ARE OUTSTANDING DETAILS OF THE APPROPRIATE MECHANISMS AND MODEL FOR COLLECTING THE NEEDED REVENUE LEVELS, ARE STILL SOME OUTSTANDING DETAILS. AND SO WE ARE APPROVING THE BUDGET STRUCTURE AS IS, EXACTLY WHAT IS POSTED, THE REVENUE SIDE AND THE EXPENSE SIDE.

AND WE ARE RESOLVING ALSO THAT THE PRESIDENT AND STAFF ARE AUTHORIZED TO CONTINUE COLLABORATION WITH THE VARIOUS CONSTITUENCIES TO FINALIZE THE APPROPRIATE MECHANISMS AND MODEL FOR COLLECTING THE NEEDED REVENUE LEVELS. SO I WOULD LIKE TO PUT THIS ON THE TABLE.

VINT CERF: SO I TAKE IT THAT'S A MOTION FROM IVAN.

IVAN MOURA CAMPOS: IT'S A MOTION.

VINT CERF: IS THERE A SECOND?

SECOND.

VINT CERF: I'M SORRY. WHERE WAS THE SECOND? THOMAS NILES SECONDS.

IS THERE FURTHER DISCUSSION OF THE BUDGET RESOLUTION? MIKE.

MICHAEL PALAGE: YES, THANK YOU, MR. CHAIRMAN.

I'D LIKE TO THANK MY CHAIR, MR. CAMPOS, AND MY FELLOW COMMITTEE MEMBERS, FOR THEIR PATIENCE OVER THE PAST SEVERAL MONTHS, AND IN ADDITION TO THE EXCELLENT WORK OF STAFF, PARTICULARLY KURT PRITZ IN HIS EFFORTS.

I BELIEVE, AS SOMEONE WHO HAS HAD SOME RESERVATIONS ABOUT THE PARTICULAR MECHANISMS, I BELIEVE THAT THE CURRENT RESOLUTION, WHICH SHOWS THE STAFF'S CONTINUING COLLABORATION TO WORK WITH THE COMMUNITY, IS AN IMPORTANT STEP AND SOMETHING THAT I COULD FULLY SUPPORT.

VINT CERF: THANK YOU, MIKE.

ARE THERE ANY OTHER COMMENTS ON THIS BUDGET RESOLUTION?

IN THAT CASE, I WILL CALL FOR A VOTE ON THE BUDGET.

AS IVAN SAYS, IF YOU VOTE IN FAVOR, YOU WILL BE ESTABLISHING THE BUDGET FOR 2004/2005 AS POSTED, AND YOU WILL BE AUTHORIZING STAFF TO CONTINUE ITS COLLABORATIVE WORK WITH THE CONSTITUENCIES TO ESTABLISH THE ACTUAL FUNDING MECHANISMS.

ALL THOSE IN FAVOR OF THE BUDGET, PLEASE RAISE YOUR HAND. ONE, TWO, THREE, FOUR, FIVE, SIX, SEVEN, EIGHT, NINE, TEN, 11, 12.

ARE THERE ANY OPPOSED?

ARE THERE ANY ABSTENTIONS?

MR. SECRETARY, IT'S UNANIMOUS. SO THE BUDGET PASSES.

WE HAVE A NEW BUDGET FOR 2004/2005.