# Finance Nest - A Thread of Monthly Budget vs Actuals Reports

**URL:** <https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-budget-vs-actuals-reports/3836>\
**Category:** Finance\
**Tags:** Financial-Report\
**Created:** [9 February 2022 18:36 UTC](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-budget-vs-actuals-reports/3836 "2022-02-09T18:36:54Z")\
**Posts on this page:** 1\
**Showing post:** 11

<div class="post-metadata">

**Author:** ![Finance](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/finance/32/2184_2.png) [@Finance](https://gov.indexcoop.com/u/Finance)\
**Post date:** [14 March 2022 13:10 UTC](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-budget-vs-actuals-reports/3836/11 "2022-03-14T13:10:41Z")

</div>

# 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](https://gov.indexcoop.com/uploads/short-url/tP9N95URTDrvXxDlaiapwuwHWTj.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.

---

_[View the full topic](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-budget-vs-actuals-reports/3836)._