The Internet Corporation for Assigned Names and Numbers (ICANN) has outlined its spending plans for the next financial year.

A draft version of ICANN’s operating plan and budget for the 2012 financial year has gone up on the agency’s website and is open for public review.

The plan, which sets out the organization’s planned activities and required resources for the coming fiscal year, is open for feedback for roughly a month before it is submitted to the ICANN board for approval at its 41st meeting in Singapore next month.

ICANN says it will maintain an operating a budget of $67 million for the fiscal year ending June 20, 2012, up from the 2011 budget of $59.3 million.

“Looking forward, FY12 appears even more challenging as ICANN progresses towards a higher level of excellence and a wider portfolio of work required by the community,” the report states.

Recently it emerged that a Russian representative could soon join the domain name authority’s board. Marina Nikerova, chief executive officer of Russia’s Technical Internet Center, has applied to join ICANN’s board of directors and expects to be appointed in August this year.

ICANN reveals spending plans
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