I think this text needs to follow principle 3 which says that the
budget has to be developed in consultation with the ISOC
so the aug 1 paragraph should say something like:
August 1: The IAOC, in consultation with the ISOC President,
develops and adopts a proposed budget for the IASA activities
based on the budget proposed by the IAD. The proposed
budget is then passed to the ISOC Board of Trustees for review
in accordance with their fiduciary duty.
Then maybe it should go to step 1.
Remember that we do not want the IAOC to actually do the work, rather the
IAD should do the work (i.e. the budgeting process) togetehr with (I guess)
ISOC staff and then IAOC BoT review/approve.
Bert
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