Representative Monthly Finances

References

Department Payment Spreadsheets

Monthly department payments are stored in the following spreadsheets:
Department
Representative
Wallet
Payment Spreadsheet
Consultancy
Charlie
Sheet
Operations
Andrej
Sheet
Community
Justina
Sheet
Finance
Charlie
Sheet
Design
Jesse
Sheet
Awareness
n/a
Sheet

Timing and Payment Terms

Department payment requests and invoices submitted before the 11pm GMT on the last day of the month: Paid on the 5th working day of the following month by the department representative.

Paying the Representative (you)

The representative is paid in two ways:
  • xDAI: A multiple of the revenue in the department:
    • This means the representative reaps the rewards of a well functioning organisation and create a buffer in good times to foresee when there is low revenue.
    • This is automated via hal.xyz and zapier to the amount to pay yourself is added to the department payment spreadsheet.
  • DEEP Tokens: A set amount per month:
    • This means you earn tokens regardless of the revenue and workload for leading the role, taking risk and responsibility.
    • This is automated to go the payment spreadsheet on a monthly basis.

Monthly Finance Responsibilities

Financial Management and Checks

  • During the month it is your responsibility to manage the departments finances. For example, if someone sets up a project and asks for a budget, you must make sure that budget is available.
  • At the end of the month, you need to:
    • Check that all payment requests are correct.
    • Check that you have the funds available to pay all the payment requests.
  • You can find all the payment requests in the sheet for the department at the top of this page.

Making Payments

You are responsible for making payments once per month between the 1st working day and the 5th working day of the month.
Make sure you make the payments for xDAI and DEEP tokens (see the tabs on the Google Sheet for your department)

Paying the Department team