Index Coop - April 2022 Budget Vs Actual Report
The F.Nest is pleased to present a review of the DAO’s Budget Vs Actual Report for April 2022.
Index Coop - Budget vs Actual - April 2022.pdf (186.5 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 April, the Index Coop’s actual total spend for the month was $559,007.08, with the forecast total spend being $724,250.38. Since March there has been a decrease in spend of 2.29%.
Key takeaways
- April saw a variance of -29.59% between forecast spend and actual spend
- USDC spend totalled $281,610 increasing by 5.71% from March
- Contributor rewards saw a 4.56% increase from last month.
- Flexible contributor rewards were $5,826 down from March.
- Other expenses saw a substantial decrease of 70.41% from last month
- Product Nest were the largest spenders at $234,088
- Product nest came in over budget for rewards, this was due to a 2 month severance pay package for a core hire valued at $23,334
- The largest ‘other’ expense was for SEO payments under Growth Nest totalling $13,859
Please do drop a comment below and let us know what you think.
