Since the release of the Steem Summit’s Financial Statement, the organizers have been getting a lot of support from generous Steemians. In behalf of the organizers, the financial executive committee would like to express its gratitude for this show of support and trust from the community. With the organizers’ plan to keep this trust, this post will present the current financial status of the fund for the event.
The first part highlights the incoming cash flow while the second part highlights the outgoing cash flow. Questions, suggestions and sponsorship offers are welcome. Leave a comment down below to let the organizers know what you think.
Incoming
Shoutout to @donkeypong, @kryptonia, @maefe30, @surpassinggoogle and, of course, to you for your financial support in the forms of cryptocurrency, cash and upvotes. As can be seen in the table below, the amount received and the category to which the money will be allocated are declared. The values shown are based on the conversion: 1 SBD = USD 3 = PhP 150.
| Source | Amount | Expense Category | Date of Transfer |
|---|---|---|---|
| @kryptonia | SBD 255/USD 765/PhP 38,229 | Venue | March 17, 2018 |
| @donkeypong | SBD 85/USD 255/PhP 12,750 | Prizes for the contest winners | March 14, 2018 |
| @maefe30 | SBD 7/USD 20/PhP 1,000 | Token for speakers | March 9, 2018 |
| Post earnings | SBD 100/USD 300/Php 15,000 | Promotional materials | April 16, 2018 |
Outgoing
As of this writing, a total of SBD 362/USD 1,086/PhP 54,327 had been withdrawn. The breakdown is estimated below. There are discrepancies between the projected and actual values because of the fluctuation of the exchange rates. The values shown already include the withdrawal fees. A detailed breakdown will be posted after the event. The values shown are based on the conversion 1 SBD = USD 3 = PhP 150.
| Expense Category | Amount | Person Responsible | Date of Withdrawal |
|---|---|---|---|
| Venue | SBD 255 /USD 764 /PhP 38,200 | @legendarryll | March 19, 2018 |
| Token for the speakers | SBD 7/USD 20/ PhP 1,000 | @thegaillery | March 19, 2018 |
| Prizes | SBD 54/USD 162/PhP 8,100 | @ybanezkim26 | April 12, 2018 |
| Promotional materials | SBD 47/USD 141 /PhP 7,027 | @legendarryll | April 15, 2018 |
The organizers aim for this event to be corruption-free, therefore transparency will be held of utmost importance. The financial executive committee will be implementing measures to ensure that this goal is achieved.
Those are all for this week’s financial update. Only six more days before the event! See you there!
This financial update was prepared by @thegaillery.
Steem Summit Organizers:
@honeyletsgo
@legendarryll
@thegaillery
@ybanezkim26
Very transparent... I am looking forward to this event and gathering.
Thanks for showing how you are being supported and spending @steemsummit wishing you everything of the best on the day.