[LDP-03] LifeDAO Miscellaneous Expenses Fund Proposal

Summary

The LifeDAO Council proposes to allocate a de minimis amount of funds to cover the cost of miscellaneous activities and operations that are not expressly covered under the Treasury Allocation Proposal in LDP-02 .

Rationale

Many of LifeDAO's operational activities do not fall under the Core Operations section in LDP-02. However, these activities might incur one-time or recurring expenses. As per LDP-02, the use of treasury funds for activities that do not fall under LDP-02 will currently require a governance vote. However, many of the above mentioned activities are low in cost and having to go through the governance process for low cost activities is impractical and slows down operational activities for the DAO. 

This proposal will therefore allow for the LifeDAO Council to earmark capital that can be used at their discretion without having to go through the governance process, therefore improving LifeDAO's operational efficiency. 

Examples of how the funds may be used include, but are not limited to:

• The buildout of a Treasury accounting dashboard for reporting, analytics, and public transparency
• Low cost project integrations
• Software or services required to manage the DAO
• Legal counsel, accountants, or other professional services

Proposal

The LifeDAO treasury will earmark funds to be used for the Miscellaneous Expenses Fund in accordance with the following guidelines:

• The Miscellaneous Expenses Fund will be allocated 15,000 USD. 
• New allocation of treasury funds to the Miscellaneous Expenses Fund will require approval from the community in accordance with LifeDAO Governance Framework outlined in LDP-01.
• The LifeDAO Council will provide an expense report relating to previously used funds when requesting for new allocation to the Miscellaneous Expenses Fund.

The Miscellaneous Expenses Fund will be used in accordance with the following guidelines:

• Use of the Miscellaneous Expenses Fund will require the approval of at least 2 LifeDAO Council members.
• Use of the Miscellaneous Expenses Fund will be at the discretion of the LifeDAO Council if spending is below 5,000 USD. For expenses of 5,000 USD and above, the LifeDAO Council will have to submit a proposal and request approval from the LiefDAO community through a governance vote as per LDP-01. 
• The Miscellaneous Expenses Fund will not be used to cover the compensation for any LifeDAO Council members.