Summary

This proposal covers accrued expenses for May as well as a monthly budget for June. For a more detailed budget, please see this spreadsheet.

Expense Categories

• Contributor payments: payments to staff and contributor teams such as the host committee, governance committee, and editorial committee.

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

• Scholarship: Scholarships provided to select new members in FWB.

• Events: Events such as FWB coffee time, FWB health time, food with beverage, Seed Club event, FWB radio time, FWB stonks.

• New Community Initiatives: Budgeted amount for new initiatives proposed by FWB members as well as other uncategorized items.

May Actual Budget

Overall Budget

Category	FWB	USDC	$
Contributor Payments	1,635	12,950	$21,826
Admin Expenses	0	401	$401
Scholarship	300	0	$1,629
Events	460	0	$2,498
Total	2,395	13,351	$26,353

Contributor Payments

Category	FWB	USDC	$
Staff	0	10,000	$10,000
Host Committee	550	0	$2,987
Governance Committee	200	1,200	$2,286
Editorial Committee	70	1,750	$2,130
Total	820	12,950	$17,403

June Proposed Budget

Overall Budget

Category	FWB	USDC	$
Contributor Payments	1,586	22,450	$31,061
Admin Expenses	0	401	$401
Scholarship	300	0	$1,629
Events	430	0	$2,335
New Community Initiatives	350	0	$1,901
Total	2,666	22,851	$37,326

Contributor Payments

Category	FWB	USDC	$
Staff	0	10,000	$10,000
Host Committee	550	0	$2,987
Governance Committee	200	1,200	$2,286
Editorial Committee	70	1,750	$2,130
Gallery & Design Development	686	8,750	$12,474
Total	1,586	22,450	$31,061

Preparation

This budget is prepared by Llama, which provides treasury management as a service for DAOs. We are active FWB members ourselves and work in close collaboration with other community members to draft this budget.

Conclusion

May actual expenses add up to 2,395 FWB and 13,351 USDC. According to FWB’s price as of May 28, this is $26,353 in total. June’s proposed budget adds up to 2,666 FWB and 22,851 USDC. According to FWB’s price as of May 28, this is $37,326 in total.

For next month’s budget, we will do runway planning for FWB’s treasury and involve more community members in the budget preparation. We hope to design a community-driven process that involves members in governance and budget planning.

Vote

Yes - Distribute May expenses and approve June budget No - Do not distribute May expenses and do not approve June budget