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TechOps CU: July 2022 Budget Statement

1. Actuals -- July 2022

Budget category Forecast Actuals Difference Payments Difference reason(s)
- - - - - -
Compensation 67,612.00 61,946.20 5,665.80 - New joiner started only on 1st of August
Cloud Infrastructure 20,000.00 18,584.77 1,415.23 - AWS bills depend on usage that month
Tools 2,300.00 2,473.27 -173.27 - Some tools bills depend on usage that month
Accounting 1,480.00 764.00 716.00 - Sent less funds to Accountable than expected
Legal consultancy 1,000.00 0.00 1,000.00 - Expected to be charged for legal services
Gas Fees 100.00 0.00 100.00 - No gas costs due to big gas investment the previous month
Bank fees 350.00 280.04 69.96 - Expected higher bank fees
Travel 0.00 1,161.11 -1,161.11 - CU facilitator trainings
Total 92,842.00 85,209.39 7,632.61 91,617.77 Difference between Actuals total and Payments total due to positive balance with Accountable

2. Budget Forecast -- July 2022

Overview

August 2022 September 2022 October 2022 3 months Qly Budget Cap Monthly Budget Cap Annual Budget Cap + Buffer
158,743.20 100,514.20 100,514.20 359,771.60 621,600.00 207,200.00 2,486,400.00

Breakdown

Forecast August 2022 September 2022 October 2022 3-months Total Qly Budget Cap
Compensation 74,343.20 76,114.20 76,114.20 226,571.60 218,000.00
Cloud Infrastructure 20,000.00 20,000.00 20,000.00 60,000.00 171,000.00
Tools 2,300.00 2,300.00 2,300.00 6,900.00 13,500.00
Accounting 1,000.00 1,000.00 1,000.00 3,000.00 7,500.00
Recruiting fees 60,000.00 0.00 0.00 60,000.00 15,000.00
Legal consultancy 1,000.00 1,000.00 1,000.00 3,000.00 12,500.00
Travel 0,000.00 0,000.00 0,000.00 0,000.00 15,750.00
Conferences and education 0.00 0.00 0.00 0.00 4,500.00
Gas Fees 100.00 100.00 100.00 300.00 -
Total 158,743.20 100,514.20 100,514.20 359,771.60 453,250.00

3. MKR Vesting Overview

This overview is based on MIP40c3-SP54, TechOps' MKR Incentive Proposal - https://forum.makerdao.com/t/mip40c3-sp54-techops-core-unit-mkr-budget

Vesting Date Original Current Change Reason(s)
December 8, 2022 257.31 MKR 257.31 MKR 0 MKR -
March 31, 2023 0.00 MKR 67.96 MKR 0 MKR -
June 8, 2023 128.65 MKR 128.65 MKR 0 MKR -
September 30, 2023 0.00MKR 33.98 MKR 0 MKR -
December 8, 2023 128.65 MKR 128.65 MKR 0 MKR -
March 31, 2024 0.00 MKR 33.98 MKR 0 MKR -
June 8, 2024 128.65 MKR 128.65 MKR 0 MKR -
September 30, 2024 0.00 MKR 33.98 MKR 0 MKR -
December 8, 2024 128.65 MKR 128.65 MKR 0 MKR -
March 31, 2025 0.00 MKR 33.98 MKR 0 MKR -
Total 771.91 MKR 975.79 MKR 0.00 MKR

MKR Budget Cap 2,058.15.

The Change column indicates any changes in the MKR vesting amounts compared to last month, with the Reason(s) column indicating why the amounts changed. Reasons may include: FTE changes, Promotions, or Terminations.

FTE

Team members Headcount FTE (Full-Time Equivalent)
Facilitator/DevOps Engineer 2 0.8
DevOps Engineer 3 0.8
Operations Consultant 1 0.2
PM 1 0.5
Total 6 4.7

4. Transfers

DAI Transfers -- July 2022

Techops Operational Wallet 3-months Estimate Current Balance Transfer (difference) Multi-sig Address
359,771.60 218,244.75 -141,526.85 https://gnosis-safe.io/app/eth:0x1a3DA79ee7dB30466cA752DE6a75DEf5e635b2f6/balances
Total 359,771.60 218,244.75 -141,526.85
Techops Auditor Wallet Amount Current Balance Transfer to Op Wallet Multi-sig Address
First 3 months budget from the protocol 1,069,250.00 329,040.81 740,210.19 https://gnosis-safe.io/app/eth:0x2dC0420A736D1F40893B9481D8968E4D7424bC0B/balances
Test 1 DAI 1.00 - -
Total 1,069,251.00 329,040.81 740,210.19