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TechOps CU: February 2022 Budget Statement

1. Actuals -- February 2022

Budget category Forecast Actuals Difference Payments Difference reason(s)
- - - - 90,996.00 -
Compensation 47,929.00 43,380.03 4,548.97 - Delay in contract setup
Cloud Infrastructure 30,000.00 27,717.62 2,282.38 - Infrastructure costs optimizations
Tools 3,000.00 2,055.84 944.16 - Safety margin, some services decommissioned others downscaled
Accounting 2,900.00 3,406.42 -906.42 - New provider - weren't totally sure regarding the fee
Legal consultancy 4,166.00 1,057.27 3,109.73 - Initial fee only
Gas Fees 500.00 17,000.00 -16,500.00 17,000.00 Gas for 2 keepers - d3m and autoline - should last 3months min.
Deposit 0 1,286.34 -1,286.34 0 Employee contract deposit
Bank fees 600.00 311.45 288.55 - New bank set up and lower bank fees than expected
Total 89,095.00 96,215.00 -7,808.00 107,996.00 Difference between Actuals total and Payments total due to positive balance with Accountable

*Deposits are not an expense; they do constitute a cashflow.

2. Budget Forecast -- February 2022

Overview

March 2022 April 2022 May 2022 3 months Monthly Budget Cap Qly Budget Cap Annual Budget Cap + Buffer
106,046.00 118,388.20 109,388.20 333,822.00 207,200.00 621,600.00 2,486,400.00

Breakdown

Forecast March 2022 April 2022 May 2022 3-months Total Qly Budget Cap
Compensation 50,595.80 67,988.20 67,988.20 186,572.00 218,000.00
Cloud Infrastructure 30,000.00 28,000.00 28,000.00 86,000 171,000.00
Tools 2,100.00 2,100.00 2,100.00 6,300.00 13,500.00
Accounting 5,600.00 5,800.00 5,800.00 17,200.00 7,500.00
Recruiting fees 15,250.00 7,000.00 0.00 22,250.00 15,000.00
Legal consultancy 2,000.00 2,000.00 2,000.00 6,000.00 12,500.00
Travel 0 3,000.00 3,000.00 6,000.00 15,750.00
Conferences and education 0 2,000.00 0 2,000.00 4,500.00
Gas Fees 500.00 500.00 500.00 1,500.00 -
Total 106,046.00 118,388.00 109,388.00 333,822.00 457,750.00

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 MKR Amount Last Month Change Reason(s)
December 8, 2022 257.31 MKR 0 MKR 0 MKR -
June 8, 2023 128.65 MKR 0 MKR 0 MKR -
December 8, 2023 128.65 MKR 0 MKR 0 MKR -
June 8, 2024 128.65 MKR 0 MKR 0 MKR -
December 8, 2024 128.65 MKR 0 MKR 0 MKR -
Total 771.91 MKR 0 MKR 0 MKR

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 2 0.8
Project Manager 0 0.5
Operations Consultant 1 0.2
Total 5 3.4

4. Transfers

DAI Transfers -- February 2022

Techops Operational Wallet 3-months Estimate Current Balance Transfer (difference) Multi-sig Address
333,822.00 146,233.20 187,589.00 https://gnosis-safe.io/app/eth:0x1a3DA79ee7dB30466cA752DE6a75DEf5e635b2f6/balances
Total 333,822.00 146,233.20 187,589.00
Techops Auditor Wallet Amount Current Balance Transfer to Op Wallet Multi-sig Address
First 3 months budget from the protocol 1,069,250.00 702,545.00 366,705.00 https://gnosis-safe.io/app/eth:0x2dC0420A736D1F40893B9481D8968E4D7424bC0B/balances
Test 1 DAI 1.00 - -
Total 1,069,251.00 702,545.00 366,706.00