---
tags: EA Budget Report
title: DEWIZ May 2023 Budget Statement
---
**Status:** final
**Completed Monthly Audit Report for period:** WIP

**Approved Dai Budget MIP:** [MIP102c2-SP7 (7.4.2.1A)](https://forum.makerdao.com/t/mip102c2-sp7-mip-amendment-subproposals/20381/8#h-7421a-114)
[**April 2023 - DEWIZ - MakerDAO Expenses Dashboard**](https://hackmd.io/8xTCYfLjRBGuh7I5dqjwoA)

---
## 1. Actuals

### Operational Wallet - May 2023

| Budget Category |Forecast|Actual|Difference|Transfers| Comments on Diff. |
| ------------- | -----------------: | ----------: | -----------: | -------------: |-------------: |
| | | | | 47,000.00 |Payment to Accountable
Compensation & Benefits | 107,400.00 | 87,400.00 | 20,000.00 | 73,500.00 |Potential New Hire, Developer
Professional Services | 32,000.00 | 33,010.00 | -1,010.00 | |Outsourced resource payed 1 month in avanced.
Admin Expense | 15,310.00 | 24.35 | 15,285.65 | |Hiring expenses delayed.
Travel & Entertainment | 3,000.00 | 0.00 | 3,000.00 | |No upfront offsite expenses booked.
Gas Expense | 250.00 | 0.00 | 250.00 | |Standard Gas forecast, no gas purchased
Software Expense | 1,100.00 | 0.00 | 1,100.00 | |Expenses reduction and switch to yearly plans.
Hardware Expense | 4,000.00 | 0.00 | 4,000.00 | |Hiring delayed.
Marketing expenses | 1,000.00 | 0.00 | 1,000.00 | |
**Total** | **164,060** | **120,434.35** | **43,625.65** | **120,500.00**

### Off-Chain Balance - May 2023
| Reason | Balance Net |
| -------------------------------------------------------------:| --------:|
| Payment Provider initial balance sheet --> Remaining from CES | 1,972.33 |
| Current balance after Maj 2023 payments | 1,937.98 |

---

## 2. Forecast

### Operational Wallet -- 3 Months Forecast

| <div style="width:200px">Expense Category</div> | <div style="width:80px">Jun 2023</div> | <div style="width:80px">Jul 2023</div> | <div style="width:80px">Aug 2023</div> | <div style="width:80px">3 months</div> | <div style="width:150px">Mthly Approved Budget Cap</div> | <div style="width:150px">Qly Approved Budget Cap</div> |
| -----------------------------:| -------:| ------:| --------:| --------:|--------:|-------:|
Compensation & Benefits | 122,500.00 | 107,050.00 | 122,500.00 | 352,050.00 | 125,667 | 377,000
Professional Services | 9,550.00 | 25,000.00 | 9,550.00 | 44,100.00 | 6,250 | 18,750
Admin Expense | 12,050.00 | 50.00 | 50.00 | 12,150.00 | 0 | 0
Travel & Entertainment | 3,000.00 | 0.00 | 0.00 | 3,000.00 | 667 | 2,000
Gas Expense | 800.00 | 800.00 | 800.00 | 2,400.00 | 5,000 | 15,000
Software Expense | 1,100.00 | 1,100.00 | 1,100.00 | 3,300.00 | 833 | 2,500
Hardware Expense | 0.00 | 12,000.00 | 12,000.00 | 24,000.00 | 750 | 2,250
Marketing Expense | 1,000.00 | 1,000.00 | 1,000.00 | 3,000.00 | 0 | 0
Software Development Expense | 0.00 | 3,000.00 | 3,000.00 | 6,000.00 | 10,833 | 32,500
| **Total** |**150,000.00** | **150,000.00** | **150,000.00** | **450,000.00** | **150,000.00** | **450,000.00** |

* Contingency Buffer not included as per standard. It will be utilized and reported if the Forecast surpass the Budget.
---

## 3. MKR Vesting Overview

**Total Current FTE:** 4 total / 3 Eligible for MKR Incentive.

| New Vesting Date | MKR Amount | MKR Actuals |
| ---------------- | ----------:| -----------:|
| 1-May-23 | 21 MKR | 44.40 MKR |
| 1-Jun-23 | 21 MKR | |
| 1-Jul-23 | 21 MKR | |
| 1-Aug-23 | 21 MKR | |
| 1-Sep-23 | 21 MKR | |
| 1-Oct-23 | 21 MKR | |
| 1-Nov-23 | 21 MKR | |
| 1-Dec-23 | 21 MKR | |
| 1-Jan-24 | 21 MKR | |
| 1-Feb-24 | 21 MKR | |
| 1-Mar-24 | 21 MKR | |
| 1-Apr-24 | 21 MKR | |
| Total | 252 MKR | 44.40 MKR |

---

## 3. Transfers

**Operational Wallet - DAI Transfers -- May 2023**
* **150,000 DAI and 21 MKR per month**: Based on the MIP, the DAI and MRK tranfers will be constant across the horizon. The current Balance will be kept in the operational wallet.

| <div style="width:190px">Dewiz Operational Wallets</div> | <div style="width:140px">1 Month Forecast</div> | <div style="width:140px">Current Balance</div> | <div style="width:140px">Transfers Requested</div> | Multi-sig Address |
|:------------ | ---------:| ------------:| ------------:| :------------------ |
| Operational Wallet | 150,000.00 | 28,500 | 150,000 | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history) |

**Operational Wallet - MKR Transfers -- May 2023**
| <div style="width:190px">Dewiz Operational Wallets</div> | <div style="width:140px">1 Month Forecast</div> | <div style="width:140px">Current Balance</div> | <div style="width:140px">Transfers Requested</div> | Multi-sig Address |
|:------------ | ---------:| ------------:| ------------:| :------------------ |
| Operational Wallet | 21 MKR | 0 MKR | 21 MKR | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history) |

**Auditor Wallet - MKR Transfers -- May 2023**
| <div style="width:190px">Dewiz Auditor Wallets</div> | <div style="width:140px">1 Month Forecast</div> | <div style="width:140px">Current Balance</div> | <div style="width:140px">Transfers</div> | Multi-sig Address |
|:------------ | ---------:| ------------:| ------------:| :------------------ |
| Auditor Wallet | 21 MKR | 0 MKR | 21 MKR |[0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://app.safe.global/transactions/history?safe=eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a) |

| <div style="width:190px">Dewiz Auditor Wallet | DAI Amount | Multi-sig Address |
| ---------------------------------------------- | --------------:| -------------------------------------------- |
| Received from Protocol since inception | 288,877.33 | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://gnosis-safe.io/app/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/transactions/history) |
| Received from Dewiz Operational wallet | 0 | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://app.safe.global/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/balances) |
| Lifetime transfer to Dewiz Operational Wallet | 150,000.00 | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history) |
| **Auditor wallet current balance** | 138,877.34 | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://gnosis-safe.io/app/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/transactions/history) |

**MKR Transfers**

| <div style="width:190px">Dewiz Auditor Wallet | <div style="width:120px">MKR Amount</div> | Multi-sig Address |
| ------------------------------------------- | -----------------------------------------:| --------------------------------------- |
| Received from Protocol since April 1st, 2023 | 40.44 MKR | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://gnosis-safe.io/app/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/transactions/history)|
| Lifetime transfer to Dewiz Operational Wallet | 40.44 MKR | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history) |
| **Auditor wallet current balance** | **0 MKR** | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://gnosis-safe.io/app/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/transactions/history) |

| <div style="width:190px">Dewiz Ops Wallet | <div style="width:120px">MKR Amount</div> | Multi-sig Address |
| ------------------------------------------- | -----------------------------------------:| --------------------------------------- |
| Received from Auditor Wallet since April 1st, 2023 | 40.44 MKR | [0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a](https://gnosis-safe.io/app/eth:0xD8665628742cf54BBBB3b00B15d7E7a838a1b53a/transactions/history)|
Lifetime transfer to Permanent Team | 40.44 MKR | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history) |
| **Operational wallet current balance** | **0 MKR** | [0xc37E6d18EE56440b186257968A295eB54036821A](https://gnosis-safe.io/app/eth:0xc37E6d18EE56440b186257968A295eB54036821A/transactions/history)|