Converted to Signal Request
Due to a mistake by me, @Davidutro, the original DSSVest stream(Id:1) for our team was configured incorrectly. It was meant to stream our original monthly figure, from MIP40SP8, of $40,500 per month for four months. In practice it was set to stream 122,700 Dai over 4 months, 30,675 Dai per month.
We considered whether we need these missing funds when putting together our recent MIP40-SP40 Budget Modification and decided that while we were running close to the wire, between the 50k contingency and the money saved on our first two months of operations we should be fine without the unclaimable 39,300.
Money saved during first two months
- No healthcare setup until October when we signed our contracts.
- No third hire yet, our Engagement Lead was onboarded in October.
- AccountAble waived Aug and Sep fees.
- We over-budgeted for software and couldn’t actually pay for it until October when we got the GovComms bank card.
Well, it looks like we need the budgeted funds after all. In SP8 we mention that the contingency fund of 50k would be used for additional expenses including legal as it arises. Our team is in the process of hiring legal services to guide us around the Stakeholder Database project and unfortunately, we can’t afford them until either we wait on SP40 and build up some funds or take alternative action to expedite this and avoid delay.
And so, we are asking Maker Governance for a one-time payment to our Core Unit’s Operational Multisig
0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9 for the missed funds of
40,500 x 4 = 162,000
162,000 - 122,700 = 39,300
Minus December, as we have a supplemental stream in SP40 to fix that month’s distribution to align with the new forecast.
39,300 - 12,241.67 = 27058.33
These funds were already ratified/earmarked for our team via SP8, so in theory there shouldn’t be a problem with this request as I’ve been advised. Please feel free to share any questions or comments.
We’ve recently completed a full independent accounting sweep in parallel to the accounting that AccountAble does for us to help in reporting our actuals and tracking everything.
We also have a contributor under NDA to help us with automating and connecting our various excel sheets to make this easier for our team in the future.
We’re also meeting with SES this week to learn more about the resources they offer to help clean and streamline our operations with regard to accounting, budgeting, and forecasting.
Our Public Budget Sheet contains the most up-to-date actuals for our team along with notes in column J.
And lastly, I just want to say sorry for the error. I hate to put an additional burden on people, and this makes me feel pretty bad. Again, feel free to ask me anything. I am happy to give the best answers I can.