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2003/4 Budget Paper report 04/04/03

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2003/04 BUDGET

  1. The draft 2003/04 budget was received by Council in February and sent to members and committee chairs for consultation and bids.
  2. Administration Committee met on Friday 14 March 2003 to review the draft budget. The only external feedback received was from Roger De Salis concerning sponsorship of the NZNOG/Uniforum Conference and Richard Bourne regarding Technical Committee projects.
  3. The following changes were made to the draft budget
    1. Addition of $5,000 for NZNOG Conference Sponsorship
    2. Increase from $10,000 to $15,000 for Internet Code of Practice in light of the recent Select Committee Report on this issue
    3. Provision for $10,000 for a revamp of the main InternetNZ website
    4. A $4,000 budget expense for Officers Travel (especially the President) which is not related to specific Council or committee meetings, but is nevertheless necessary from time to time
    5. An assumption had been made that the May 2003 Summit would be funded 50/50 by the Society and the DNC budget but as this had not been communicated to the DNC, allowance has now been made for the society to pay all of the costs, thus increasing budget from $10,000 to $20,000
    6. Technical Committee has identified a number of projects such as an online meeting and collaboration system, which it would like funding for, so a $15,000 budget has been added on, matching the $15,000 for Outreach Projects.
  4. The overall impact of the changes is to add $49,000 to the expenditure, taking it from $582,950 to $631,950.
  5. Administration Committee is somewhat concerned over the level of expenditure for the upcoming year in the face of little budgeted income but notes that it is due to receive $518,100 of loan repayments plus an unknown amount from the sale of DOMAINZ so cash flow should be comfortably sufficient.
  6. The level of expenditure for the upcoming year should not be taken as an absolute indication of future needs. Later this year Council will be asked to consider a three year dividend policy for NZDNRL, which will provide the best forum to debate the appropriate level of expenditure for the non .nz activities of InternetNZ and what impact this has on the level of the .nz domain name fee. This should all be within the framework of a strategic plan agreed to by the AGM.
  7. It is recommended that Council
    1. Approve the revised 2003/04 budget
    2. Refer the budget (including the DNC budget) to the AGM for members approval
    3. Note that later this year Council will consider and consult on a policy for future dividends and hence levels of expenditure
Chris Streatfield
Treasurer

© 2001 InternetNZ
Last updated 25 March 2003

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