RWF-001: December 2021 Budget Statement

--- tags: Budget statement --- # RWF-001: December 2021 Budget Statement **Status:** Reviewed Link to RWF-001 MIP Budget*: https://forum.makerdao.com/t/mip40c3-sp61-modify-core-unit-budget-real-world-finance-rwf-001/13152 Link to RWF-001 MIP MKR Compensation (RWF-001): https://forum.makerdao.com/t/mip40c3-sp38-real-world-finance-core-unit-mkr-compensation-rwf-001/10447 Link to new RWF-001 Multisig ledger [here](https://docs.google.com/spreadsheets/d/19tIncBWQdRQSHPF_271R1LrFMmj6dQe8/edit?usp=sharing&ouid=114529981085695499641&rtpof=true&sd=true) *MIP budget in RFC stage. Subject to change. --- ## 1. Last Month´s Actuals The RWF-001 CU will report from January 2022 as per SES recommended budget statement standards. Actuals reported by previous facilitator are visible [here](https://docs.google.com/spreadsheets/d/17zB2ZJ-ANVVCH2cN68hZZHBCq_kClEk_qr6q1H_auSI/edit#gid=971858318). --- ## 2. Budget Forecast -- 3 Months ### Overview | January 2022 | February 2022 | March 2022 | 3-Months | Mthly Budget Cap* | Qtly Budget Cap* | Annual Budget Cap + Buffer | | ------------ | ------------- | ---------- | -------- | ----------------- | --------------- | -------------------------- | | 115,655.82 | 151,376 | 270,330 | 537,361 | 155,000 | 465,000 | 1,860,000 | *Based on existing budget approved. ### Breakdown | Forecast | January 2022 | February 2022 | March 2022 | 3-Months | Old Qly Budget Cap | MIP Budget Forecast/ CAP\*\* | | --------------------- | ------------ | ------------- | ---------- | ---------- | ------------------ | ---------------------------- | | Compensation | 90,147.00 | 83,499.00 | 153,450.00 | 327,096.00 | 315,000.00 | $465,000 | | Professional Services | 20,000.00 | 50,000.00 | 100,000.00 | 170,000.00 | 60,000.00 | $300,000 | | Real-world structures | 0.00 | 0.00 | 0.00 | 0.00 | 30,000.00 | $12,000 | | Data-infrastructure | 0.00 | 0.00 | 0.00 | 0.00 | 30,000.00 | $0 | | Payment fees | 5,508.82 | 7,376.96 | 11,879.55 | 24,765.33 | 0.00 | $25,500 | | Gas Fees | 0.00 | 1,000.00 | 0.00 | 1,000.00 | 0.00 | $1,500 | | Software Costs | 0.00 | 5,000.00 | 5,000.00 | 10,000.00 | 0.00 | $15,000 | | Travel Costs | 0.00 | 4,500.00 | 0.00 | 4,500.00 | 0.00 | $6,000 | | Contingency Buffer | 0.00 | 0.00 | 0.00 | 0.00 | 30,000.00 | $30,000 | | **Total** | **115,655.82** | **151,375.96** | **270,329.55** | **537,361.33** | **465,000.00** | **855,000.00** | **MIP budget in RFC stage. Subject to change before formal submission. Professional services costs from external legal consultations account for most of the change in the budget. --- ## 3. MKR Vesting Overview Total FTE: 5.7 (est. April 2022). Total Part Time: 4 (50% capacity). This overview is based on the approval of [MIP40c3-SP#38](https://forum.makerdao.com/t/mip40c3-sp38-real-world-finance-core-unit-mkr-compensation-rwf-001/10447), RWF-001 current MKR Incentive Proposal. | Vesting Date | MKR Amount | Last Month | Change | Reason(s) | Budget Cap on 7 FTE* | | ------------ | ---------- | ---------- | --------- | ----------- | ------------------- | | April 2022 | 243 MKR | 560 MKR | \-317 MKR | FTE Changes | | | July 2022 | 205 MKR | 140 MKR | 65 MKR | FTE Changes | | | October 2022 | 161 MKR | 140 MKR | 21 MKR | FTE Changes | | | January 2023 | 201 MKR | 140 MKR | 61 MKR | FTE Changes | | | April 2023 | 114 MKR | 140 MKR | \-26 MKR | FTE Changes | | | July 2023 | 114 MKR | 140 MKR | \-26 MKR | FTE Changes | | | October 2023 | 114 MKR | 140 MKR | \-26 MKR | FTE Changes | | | January 2024 | 114 MKR | 140 MKR | \-26 MKR | FTE Changes | | | April 2024 | 114 MKR | 140 MKR | \-26 MKR | FTE Changes | | | **Total** | **1,379 MKR** | **1,680 MKR** | **\-301 MKR** | | **1,680 MKR** MKR Transfer: 240 over vesting period. Trasferred to SF CU contributors https://makerburn.com/#/expenses/vesting *Budget cap is estimated on 7 FTE at 80 MKR/FTE. 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: New hires, FTE changes, Promotions, or Terminations. ### FTE | Team members | Headcount | FTE(Full-Time Equivalent)* | | ------------------ | --------- | ------------------------- | | Facilitator | 1 | 1 | | Senior Consultants | 2 | 1.7 | | Consultants | 1 | 1 | | **Total** | **4** | **3.7** | *Senior consultants at 90% and 80% FTE equivalent, respectively, in January. --- ## 4. Transfers ### DAI Transfers -- December 2021 | Wallet | 3-month Estimate | Current Balance | Transfer | Multi-sig Address | | ---------------- | ---------------- | --------------- | -------- | ------------------------------------------ | | RWF CU | 537,361 | 0 | 537,361 | 0xD1505ee500791490DE8642353BA6A5b92e3550F7 | | **Totals** | **537,361** | **0** | **537,361** | | To see multisig transactions: [RWF-001 Multisig](https://etherscan.io/address/0xD1505ee500791490DE8642353BA6A5b92e3550F7#tokentxns) and [Auditor Wallet](https://etherscan.io/address/0x96d7b01Cc25B141520C717fa369844d34FF116ec#tokentxns)