On 24 June 2011 in Singapore, the ICANN Board approved the FY12 Operating Plan and Budget as noted in the Board resolutions .
Based on the Board's decision to approve the launch of the New gTLD Program and to open the application window on 12 January 2012, the application processing now extends into the 2013 fiscal year. Therefore, it became obvious that including the New gTLD revenue and expenses across FY12 and FY13 presents a more accurate view of the overall FY12 budget.Furthermore, a revised schedule of New gTLD program related expenses, the allocation by EAG (Expense Area Group), and a re-allocation of approved constituency funding from three At-Large regional meetings to one General Assembly are reflected in this updated FY12 Budget
The announcement was sourced from :
http://www.icann.org/en/announcements/announcement-12sep11-en.htm
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