Summary

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

October Actual Expenses

Overall Expenses

Category	FWB	USDC	Total USD
Contributor Payments	1,080	200,089	$335,802
Overhead	0	126	$65,092
Events	0	25,800	$25,800
Total	1,206	275,211	$426,694

Contributor Payments

Category	FWB	USDC	Total USD
Product	150	45,833	$45,833
Marketing	0	7,000	$7,000
FWBNFT	56	9,722	9,722
Events	56	0	0
Cities	47	33,000	38,937
Digital Events	107	9250	$22,696
Treasury	5	3,000	$3,628
Partnerships	25	4,167	$7,758
Overhead/Ops	150	41,250	$60,099
Membership	449	22,667	$79,088
Editorial	90	23,750	$35,097
Total	1,080	200,089	$335,745

As team payroll was approved in the prior month’s budget, it was paid out on 10/27/2021.

Payroll will be moving to semi-monthly payouts meaning that payroll approved in the prior month’s budget will be paid out automatically ahead of the following month’s snapshot vote.

Overages

A summary of overages may be found October Overages Summary

November Proposed Budget

Overall Budget

Category	FWB	USDC	Total USD
Contributor Payments	760	226,333	$332,136
Overhead	0	66,200	$66,200
Total	760	302,834	$398,336

Contributor Budget

Category	FWB	USDC	Total USD
Product	65	76,083	$84,218
Marketing	0	7,000	$7,000
FWBNFT	0	22,917	22,917
Editorial	100	31,750	$44,250
Membership	410	20,667	$71,917
Treasury	40	3,000	$8,000
Events	0	6,250	6,250
Cities	0	38,250	38,250
Digital Events	120	8,750	23,750
Partnerships	25	9,167	$12,292
Overhead/Ops	0	12,500	$60,099

| Total | 760 | 236,634 | $332,136 |

Conclusion

October’s actual expenses add up to 1,080 FWB and 200,089 USDC. According to FWB's price as of Oct 30, this is $426,694.

November’s proposed budget adds up to 760 FWB and 302,834 USDC. According to FWB's price as of Oct 30, this is $398,336.

Vote

Yes - Distribute October actual expenses and approve November budget No - Do not distribute October actual expenses and do not approve November budget