Proposal “core-conf-201807“ (Closed)Back
| Title: | Core Team Conferences and Travel (July) |
| Owner: | glennaustin |
| One-time payment: | 398 DASH (11818 USD) |
| Completed payments: | 1 totaling in 398 DASH (0 month remaining) |
| Payment start/end: | 2018-06-18 / 2018-07-18 (added on 2018-06-06) |
| Votes: | 828 Yes / 48 No / 25 Abstain |
Proposal description
This proposal is cross-posted from https://www.dash.org/forum/threads/proposal-core-team-conferences-travel-july.38561/
Over the second half of 2018, Dash Core Group ("DCG") would like funding to participate in a number of conferences as well as for general company travel. The conferences portion of this includes organizing an exclusive Dash conference (similar to last year, which was a resounding success), ensuring a presence at Money 20/20 China (November 2018) and participating in a handful of smaller conferences. General company travel includes the cost of traveling to: 1) conferences; 2) client-facing meetings with strategic partners and institutions; 3) internal travel for team members to meet face-to-face to align and execute on strategy.
As previously communicated, DCG was initially going to request between $200,000 and $250,000 in funding in order to make a significant contribution toward upcoming conferences (early bird sponsors/registrants typically get discounts and savings off of the list price). However, even this amount wouldn’t have covered our anticipated costs given that the price of the Dash conference, for example, was ~$330,000 last year.
The current conferences and travel budget is completely depleted if we take into account our current assets (including the budget proposal that was just funded) versus committed liabilities. Given the budget constraints this month, we have decided to request $125,000 to fund our conferences and travel budget. This will allow us to cover general travel expenses for Dash Core Group Inc. employees and subcontractors, and to start making commitments towards the execution of the planned conferences.
We have decided to delay posting a request for significant funding until our conferences strategy is fully planned to avoid disrupting the Dash budget at this time. At some point in the near future, when the costs of the various conferences are more defined or when the current pressure on the budget is alleviated, we will come back to the network to request additional funding.
If you have additional questions, please direct them to @fernando
Requested funding is as follows for the July 2nd budget cycle:
393.00 Dash ($125,000@$317.977 / Dash)
5.00 Dash proposal reimbursement
Total: 398.00 Dash
Should any funding remain, we will apply it toward future conference expenses.
Over the second half of 2018, Dash Core Group ("DCG") would like funding to participate in a number of conferences as well as for general company travel. The conferences portion of this includes organizing an exclusive Dash conference (similar to last year, which was a resounding success), ensuring a presence at Money 20/20 China (November 2018) and participating in a handful of smaller conferences. General company travel includes the cost of traveling to: 1) conferences; 2) client-facing meetings with strategic partners and institutions; 3) internal travel for team members to meet face-to-face to align and execute on strategy.
As previously communicated, DCG was initially going to request between $200,000 and $250,000 in funding in order to make a significant contribution toward upcoming conferences (early bird sponsors/registrants typically get discounts and savings off of the list price). However, even this amount wouldn’t have covered our anticipated costs given that the price of the Dash conference, for example, was ~$330,000 last year.
The current conferences and travel budget is completely depleted if we take into account our current assets (including the budget proposal that was just funded) versus committed liabilities. Given the budget constraints this month, we have decided to request $125,000 to fund our conferences and travel budget. This will allow us to cover general travel expenses for Dash Core Group Inc. employees and subcontractors, and to start making commitments towards the execution of the planned conferences.
We have decided to delay posting a request for significant funding until our conferences strategy is fully planned to avoid disrupting the Dash budget at this time. At some point in the near future, when the costs of the various conferences are more defined or when the current pressure on the budget is alleviated, we will come back to the network to request additional funding.
If you have additional questions, please direct them to @fernando
Requested funding is as follows for the July 2nd budget cycle:
393.00 Dash ($125,000@$317.977 / Dash)
5.00 Dash proposal reimbursement
Total: 398.00 Dash
Should any funding remain, we will apply it toward future conference expenses.
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Discussion: Should we fund this proposal?
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I would request core consider some travel expense guidelines to be drafted up and posted up for MNOs to consider.
Is this funding only for travel or is it for travel and accommodation? Taking last year's budget of $300,000 for travel. Here are a few numbers:
A business club class return international flight is around $4000 USD so with last year's budget of $300,000 that would make 75 business class flights. If you are flying regular class flights the price is considerably less at around $1000 for an international return flight so that would make 300 normal flights.
In terms of accommodation is this also included in your travel costs? If so what standard hotel are you staying at? e.g. 5 star grand lux, or is it a regular 4 star hotel? If core team are staying in Grand Lux hotels I think there might be an objection to that. However we don't know because you are not providing us with the information.
We need more details on this request in order to ensure the travel funds are being wisely used.
As for the class of tickets and quality of accommodation? It's a valid question, maybe Core Inc should publish their policy with regards to this? I'm sure there will be clear guidelines in their own Employee Handbook for example.. I don't expect them to post line item details about who is staying where, when and how much it is costing to fly individuals to these locations, that's just ridiculous.
Walter
solarguy
I guess one of the recurring ones has to be bumped off something i really don't like doing.
It does make our job a bit harder as MNOs because we’re going to have to make some tough decisions at the end of the month, but that’s what we’re paid to do I suppose.
Walter