Index Coop - March 2022 Budget Vs Actual Report
The F.Nest is pleased to present a review of the DAO’s Budget Vs Actual Report for March 2022.
Index Coop - Budget vs Actual - March 2022.pdf (178.7 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 March, the Index Coop’s actual total spend for the month was $576,523.86, with the forecast total spend being $728,070.45. Since February there has been a slight increase in spend of 0.69%.
Key takeaways
- March saw a variance of -26.29% between forecast spend and actual spend
- Contributor rewards saw a 1% increase from last month.
- Flexible contributor rewards were $26,625 up from February.
- Other expenses saw a 1.51% decrease from last month
- Product Nest were the largest spenders at $221,491
- Engineering Pod came in 3.10% over budget on contributor rewards
- The largest ‘other’ expense was for product sponsorships totalling $53,456
- We are considering the distribution of product as a viable addition to INDEX and USDC for future month contributor reward payments, after the successful distribution of icETH to contributors this month
Please do drop a comment below and let us know what you think.
Authors: @Hammad1412, @ElliottWatts and @Matthew_Graham