Beanstalk Farms November 2022 Operations Report

1. Dashboard
2. Expenses by Category
3. Expenses by Date
4. Balances
5. Paid Contributors
6. Community Grants

Dashboard

*Note: November marketing expense includes a 69,505 payment to TASC which covers services from September through November.

Expenses by Category

BFM transaction history can be viewed on Safe.

Description Transaction USDC Beans
Marketing expenses:
Community grants to Farmer Dan and the Audio Team for the Bean Pod and songs. Etherscan 4,050
Pay TASC Group for public relations and communications services from September through November per BFBP-C-3. Etherscan 34,753 34,753
Payment to a designer for marketing assets. Etherscan 600
Reimbursement to contributors for covering various marketing expenses in November. Etherscan 1,919
Total marketing expenses 36,672 39,403
Compensation expenses:
Payroll for 11/1/22 through 11/15/22. Etherscan 104,875
Payroll for 11/16/22 through 11/30/22. Etherscan 101,375
Total compensation expenses 206,250
Technology expenses:
Initial payment to a designer for an asset design contract. Etherscan 1,420
Reimbursement to a contributor for acquiring the beanstalk namespace on NPM. Etherscan 1,600
Payment to a designer on completion of an asset design contract. Etherscan 730
Reimbursement to contributors for covering various technology expenses in November. Etherscan 1,399
Total technology expenses 2,999 2,150
Total November 2022 expenses 39,671 247,803

Expenses by Date

BFM transaction history can be viewed on Safe.

Date USDC Beans Reason Transaction
11/05/2022 4,050 Community grants to Farmer Dan and the Audio Team for the Bean Pod and songs. Etherscan
11/05/2022 34,753 34,753 Pay TASC Group for public relations and communications services from September through November per BFBP-C-3. Etherscan
11/08/2022 1,420 Initial payment to a designer for an asset design contract. Etherscan
11/15/2022 1,600 Reimbursement to a contributor for acquiring the beanstalk namespace on NPM. Etherscan
11/15/2022 104,875 Payroll for 11/1/22 through 11/15/22. Etherscan
11/23/2022 730 Payment to a designer on completion of an asset design contract. Etherscan
11/30/2022 600 Payment to a designer for marketing assets. Etherscan
11/30/2022 1,399 Reimbursement to contributors for covering various technology expenses in November. Etherscan
11/30/2022 1,919 Reimbursement to contributors for covering various marketing expenses in November. Etherscan
11/30/2022 101,375 Payroll for 11/16/22 through 11/30/22. Etherscan
Total 39,671 247,803

Balances

USDC

Description Amount Notes
Beginning balance as of 11/1/22 179,208
USDC expenses (39,671) See Expenses.
Ending balance as of 11/30/22 139,538 Balance can be viewed on Safe.

Bean

Description Circulating Deposited Total Notes
Beginning balance as of 11/1/22 483,387 409,504 892,891
Payroll Deposits (10,000) 10,000 - Silo Deposit for BFBP-A-14.
Bean expenses (41,553) (206,250) (247,803) See Expenses.
Ending balance as of 11/30/22 431,835 213,254 645,089 Circulating balance can be viewed on Safe. Silo Deposits will not be visible but can be verified on-chain.

Organizational Chart

As of 12/1/2022.

Hired via BFCP-A: Beanstalk Farms Committee Members

Read more about the Beanstalk Farms Committee and BFCP proposals.

Name Proposal End of Term Department
guy (fka austin) BFCP-C-1 September 2023 Operations
mod323 BFCP-C-1* September 2023 Marketing
Silo Chad BFCP-C-1 September 2023 Engineering
sweetredbeans BFCP-C-1 September 2023 Design

*mod323 has elected to waive the compensation established in BFCP-A-2 effective 12/1/2022 but will remain on the BFC persuant to renewal in BFCP-C-1.

Hired via BFBP-A

Read more about BFBP proposals.

Name Proposal Department
Cool Bean BFBP-A-1 Engineering
Cujo BFBP-A-5 Engineering
funderberker BFBP-A-7 Engineering
Bean-Sama BFBP-A-8 Engineering
Brean BFBP-A-14 Engineering
ALECKS (Al Bean) BFBP-A-10 Engineering
CanadianBennett BFBP-A-11 Operations
aloceros BFBP-A-16 Operations
ereal BFBP-A-3 Operations/Marketing
FarmerDan BFBP-A-15 Marketing
ChillBeans BFBP-A-12 Design
Kotaro BFBP-A-13 Design

Summary of Recurring Payroll Expenditures

The table below represents ongoing payroll expense levels as of 12/1/2022 and excludes development grants and contracts which are one time payments upon successful completion of the scope of work.

Department Monthly Payroll % of Payroll
Engineering 117,750 59.7%
Operations 40,000 20.3%
Design 29,500 15.0%
Marketing 10,000 5.1%
Total 197,250 100.0%

Community Grants

The community grant program has a budget of 30,000 Beans per month per BIP-22.

Description Beans Notes
Beginning balance as of 11/1/22 120,000 30,000 Beans each month from August - November.
Previous grants paid (13,850)
November grants paid (4,050) See Expenses.
Ending balance as of 11/30/22 102,100