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Supplemental Fund for Implementation of Community Recommendations (view source)
Revision as of 21:08, 24 June 2024
, 2 months agoChristiane moved page SFICR to Supplemental Fund for Implementation of Community Recommendations: Standardize
==Overview==
==Overview==
The SFICR is for large or long projects that are challenging to manage within ICANN's annual budget process.
The SFICR is for large or long projects that are challenging to manage within ICANN's annual budget process.
It requires discipline in planning, accounting, and analyzing project expenditures. It is meant to increase transparency and accountability by isolating spending and matching it to funding. It is forward-looking as the fund should help the ICANN organization address activities and projects that have not been included historically.<ref>Planning and Finance Update, ICANN 71 Prep Week PPT, Pg.20</ref>
It facilitates planning, accounting, and analyzing project expenditures. It is meant to increase transparency and accountability by isolating spending needs for implementation of recommendations, and reporting on outcomes for those implementation projects. It is forward-looking as the fund should help the ICANN organization address activities and projects that have not been included historically.<ref>Planning and Finance Update, ICANN 71 Prep Week PPT, Pg.20</ref>
==History==
==History==
#Per the Investment Policy, '''the Operating Fund''' has the highest priority because it needs to always be at or above its minimum level to enable daily operations.
#Per the Investment Policy, '''the Operating Fund''' has the highest priority because it needs to always be at or above its minimum level to enable daily operations.
#Immediately after it is '''the Reserve Fund''', which must be at above its target level to ensure financial sustainability and resilience to unforeseen events.
#Immediately after it is '''the Reserve Fund''', which must be at above its target level to ensure financial sustainability and resilience to unforeseen events.
#Finally, '''the SFICR''' follows the Reserve Fund because there are no specific allocation requirements.<ref naem="feb21bfc" />
#Finally, '''the SFICR''' follows the Reserve Fund because there are no specific allocation requirements.<ref name="feb21bfc" />
==References==
==References==