Index Coop - February 2022 Budget Vs Actual Report
The F.Nest is pleased to present a review of the DAO’s Budget Vs Actual Report for February 2022, the first of season 1.
Index Coop - Budget vs Actual - Feb 2022.pdf (187.9 KB)
The publication of the document will follow a trend of monthly budget reviews. The report breaks down spending per nest, with additional insights into specific spending also highlighted.
TLDR:
At the end of February, the Index Coop’s actual total spend for the month was $572,529.81, with the forecast total spend being $728,070.45. Since January there has been a decrease of 11.41% in spend.
Key takeaways
- February saw a variance of -27.17% between forecast spend and actual spend
- Contributor rewards saw a 12.25% decrease from last month.
- Other expenses saw a 6.42% decrease from last month
- When taking into account both contributor rewards and ‘other’ expenses all nests came within budget
- Product Nest were the largest spenders on contributor rewards at $204,708, only a -1.92% underspend from their budget
- Engineering Pod came in 3.05% over budget on contributor rewards
- Growth nest were 1.08% over budget for ‘other’ expenses, with a one off payment to Blockdata at $25,700
Please do drop a comment below and let us know what you think.