Summary

This proposal covers accrued expenses for November as well as a proposed budget for December. A detailed breakout of expenses may be found December Actuals / January Budget

Expense Categories

•   Contributor payments: payments to staff and contributor teams including staff, product, marketing, editorial, treasury, membership, and governance.

•   Admin expenses: Admin expenses such as payments for Notion, Zapier, Airtable, Zoom, and Gmail.

•   Digital Events: Digital Events such as Coffee time, Seed Club, Max Pain, Into The Weeds, & Crypto Learning Hour.

December Actual Expenses

Overall Expenses

FWB	USD/USDC	Total USD
Total	2,371	389,841

Contributor Payments

Category	FWB	USDC	Total USD
Product	0	70,833	$70,833
Marketing	75	10,667	$18,580
FWBNFT	75	22,917	$30,830
Events	0	12,500	$12,500
Cities	980	38,250	147,650
Digital Events	255	10060	$36,965
Art Basel	69	0	17,480
Partnerships	100	14,567	$25,118
Overhead/Ops	0	15,500	$15,500
Membership	523	22,667	$77,848
Editorial	99	23,350	$34,195
Total	2176	251,911	$481,500

Revenue

An overview of this December’s revenue may be found on the Summary top sheet and summarizes the approximately $301K USD value. Events partnership revenue this month allowed both the NFT NYC event and Art Basel event to be revenue neutral events. Additionally almost $100K USD value was generated by the DAO’s first ever NFT drop.

Overages

Overages include a one time project bonus for the Cities team for creating SOPs that will allow other cities to replicate throwing an FWB event in the amount of 900 tokens or approximately $50K USD value. Part of the previously approved budget for the Membership Directory project, in the amount of 25K USD value being paid out and costs paid out around the FWB NFT project.

January Proposed Budget

Overall Budget

Category	FWB	USD/USDC	Total USD
Contributor Payments	854	225,700	$277,794
Overhead	0	7,900	$7,900
Events	0	30,000	$30,000
Total	854	263,600	$315,394

Conclusion

December actual expenses add up to 2,371 FWB and 389,841 USDC/USD. According to FWB's price as of Dec 14, this is $640,005.

The January proposed budget adds up to 854 FWB and 263,600 USDC. According to FWB's price as of Dec 14, this is $315,394.

Vote

Yes - Distribute December actual expenses and approve January budget No - Do not distribute December actual expenses and do not approve January budget