const TextContainer = styled.div` overflow-y: scroll; max-height: 490px; width: 100%; margin: 10px; `; const Budget = styled.div` text-align: justify; p { line-height: 18px; font-size: 14px; } h5, h6, li { line-height: 20px; } li { line-height: 24px; padding-block:3px; } h5 { font-weight:650; font-size:18px; } h6 { font-weight:550; font-size:17px; } b { font-weight:600; } `; const Content = () => ( <Budget> <h3>Budget Package for the Inaugural Congressional Term</h3> <br /> <p>To the Trustees of the Community Treasury and the Voting Body,</p> <p> The Governance Working Group, on behalf of the House of Merit, presents the "Setup Package" as a formal request for funds for the upcoming Congressional term. </p> <br /> <h6>Background:</h6> <p> This package represents the collective effort of consultations and planning sessions with key stakeholders. With the dawn of the inaugural Congressional term, our primary objective is to ensure a strategic allocation of resources, emphasizing areas that align with our community's vision and growth. This process has been grounded in data, community feedback, and trend analysis to ensure that our priorities are both current and forward-looking. </p> <h6>Budget Overview:</h6> <p> The budgetary considerations are underpinned by three central pillars: </p> <ol> <li> <b> Investment in Talent: Prioritizing </b>the acquisition and development of talent, recognizing that human capital is integral to our ecosystem's evolution. </li> <li> <b>Sustained Support: Allocating </b>resources to ongoing projects, especially those that have consistently demonstrated value and potential. </li> <li> <b>Innovation & Responsiveness: Allocating</b> funds for new initiatives, grounded in emerging trends identified from regular community feedback sessions and trend reports. </li> </ol> <h6>Transparency Commitment:</h6> <p> The House of Merit commits to providing quarterly reports on fund utilization. These reports will be disseminated through the community's online portal and will be accessible to all members, ensuring transparency and providing an avenue for feedback. </p> <h6>Budget Review Process:</h6> <p> Every 3 months, a comprehensive budget review will be conducted by a panel consisting of members from the Eco Strategy & Advisory Panel. This review aims to assess the efficacy of the fund utilization and make necessary adjustments based on the ecosystem's performance, needs, and feedback. </p> <h6>Closing Note:</h6> <p> The allocation of these funds is not merely a procedural task but a collective responsibility that will shape our community's trajectory. We strongly believe in collaborative decision-making and, hence, request your thorough review and ratification. Your feedback and approval will ensure we move forward in alignment with our community's aspirations. </p> <p>Thank you for your diligent attention.</p> <p>Warm regards,</p> <p>The Governance Working Group, On Behalf of the House of Merit</p> <br /> <hr /> <br /> <h4>Budget Breakdown</h4> <br /> <ol> <li> <h5>Budget and Cap Definitions</h5> <h6>Congressional Term Duration : 6 Months</h6> <ul> <li> The duration for each Congressional term is set at 6 months. This standardized period ensures a predictable timeframe for both planning and executing various initiatives and projects. </li> </ul> <h6>Total Budget for the Congressional Term: $ 3M USD</h6> <ul> <li> The proposed budget for the entire 6-month period is $3M USD. This cap is designed to encourage a focused and strategic allocation of resources, ensuring optimal impact. </li> </ul> <h6>Individual Allocation Cap: $100k Maximum per Month</h6> <ul> <li> Any single recipient can be allocated a maximum of $100k USD per month. This cap ensures that significant projects can receive ample funding while maintaining fiscal prudence. </li> </ul> <h6>Unused Budget Provisions</h6> <ul> <li> Any unused budget from a specific month will be rolled over to subsequent months, ensuring resources are optimally and flexibly utilized. </li> </ul> <h6>Additional Treasury Funds</h6> <ul> <li> It's crucial to note that any supplementary funds added to the community treasury will not automatically adjust the budget cap defined in this Setup Package. This policy ensures disciplined financial management independent of treasury influxes. </li> </ul> </li> <li> <h5>Regular Budget Reviews</h5> <h6>Quarterly Assessments</h6> <ul> <li> Every three months, a mandatory budget review will be undertaken. This review's purpose is to make data-driven adjustments to budget allocations, reflecting our community's changing needs and priorities. All findings and subsequent actions will be transparently communicated to the community. </li> </ul> </li> <li> <h5>Definition of Big Budget Items</h5> <ul> <li> A Big Budget Item is any single expenditure proposal that exceeds $75k. Such expenditures will undergo rigorous review to ensure alignment with the community's goals and the highest ROI. </li> </ul> </li> <li> <h5>Recurring Budget Items</h5> <ul> <li> A Recurring Budget Item refers to any monthly expenditure that doesn't exceed the 6-month term duration. For a project to be eligible for this, it must have previously secured approval for at least one budget request and must have met its Key Performance Indicators (KPIs). </li> </ul> </li> <li> <h5>Detailed Budget Allocation Template to be filled in by the HoM</h5> <p> The "Setup Package" requires the House of Merit (HoM) to provide a clear and detailed budget allocation, ensuring transparency and alignment with our strategic goals. The Council of Advisors (CoA) sets the overarching direction, while the HoM refines it into actionable financial plans. </p> <h6>Guidance for HoM's Budget Allocation:</h6> <ol> <li> <b>Alignment with CoA: </b> Ensure all allocations align with the direction given by the Council of Advisors. </li> <li> <b>Main Categories vs. Subcategories:</b> <ul> <li> Main Categories: Broad areas of focus or investment for the term. </li> <li>Subcategories: Specific areas within each main category.</li> </ul> </li> <li> <b>Criteria for Allocation:</b> <ul> <li> Impact: Prioritize allocations that drive growth and engagement. </li> <li> Relevance: Address current needs and anticipate future trends. </li> <li> Accountability: Every allocation should have clear justification. </li> </ul> </li> </ol> </li> </ol> <br /> <h6>Budget Breakdown Template:</h6> <p> The HoM should use the template below to detail the budget, providing clarity on the planned allocations for the term. </p> <img src="https://bafkreibqnu2m5izw3sf47462fqmp2ve4tfei67tzldbsuzcmpifrbossc4.ipfs.nftstorage.link/" height={200} /> <p> It's vital for the community to have a clear understanding of how funds are intended to be used. This structured approach ensures the HoM's budget decisions align with the community's values and the strategic direction set by the CoA. </p> <br /> <br /> <br /> <br /> <br /> <h4>Template : Budget Breakdown</h4> <img src="https://bafybeiesmrpom3hf5s4h5w6syaxvet7cthg5egab2ocpimfzr2gpfubgwa.ipfs.nftstorage.link/" height={1000} /> </Budget> ); return ( <> <a href="https://bafybeifjibo3ygatrlpszzhqososzw3rlitrgdudkrc6fceo3musandgfm.ipfs.nftstorage.link/" target="_blank" rel="noreferrer" > View Budget Package <i className="ml-2 bi bi-box-arrow-up-right" /> </a> <TextContainer> <Content /> </TextContainer> </> );