---
# System prepended metadata

title: 'Dewiz: May 2023 Budget Statement'

---

---
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)|