# 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:** 12

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**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:** [7 April 2022 02:06 UTC](https://gov.indexcoop.com/t/finance-nest-a-thread-of-monthly-budget-vs-actuals-reports/3836/12 "2022-04-07T02:06:25Z")

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# 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](https://gov.indexcoop.com/uploads/short-url/cdg1ZrMbOxVZbu2ala5RjkTDSlE.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

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