Apr 2, 2025 Budget Comm Minutes

Attendees:

Name	Attendance	Role	Voting Seat (Y/N)
Andreas Pletscher	Yes	Observer, COO of Cardano Foundation. (Temporary Voting member while Rita Mistry was on sabbatical.)
Danielle Stanko		Budget Task Force, IOG Staff
Dave Dionisio		Observer
Jose Velazquez		Former Voting Member
Kristijan Kowalsky		Voting Member, Tweag
Lawrence Clark		Intersect Secretary
Lloyd Duhon		Budget Secretary
Marc Gorman		Program Manager Budget Task Force
Prof. Steven		Former Voting Member, Mentor, Chairman of Intersect Board.

Recording: https://drive.google.com/file/d/1-1Zs3JJ_-C1rImHVhctmbV7uSvAyUNM7/view?usp=drive_link

Transcript: https://docs.google.com/document/d/163Jda1dxBK4Zs8K90QbwoGPnadjS0M5IQDMBUlfJRzg/edit?tab=t.0#heading=h.ecj3uchrhv0m

Agenda 1.16.25

• The meeting provided an update on the budget ratification progress, including the publication of proposals on Gov tool and the upcoming activation of delegation-weighted voting.

• A primary focus was on designing the detailed reconciliation process, outlining workshop structures, timelines, and key decisions like defining the threshold for proposals to enter the Budget Info Action.

• Discussions also covered smart contract development, vendor submissions, Gov tool API release, and contingency planning for various Net Change Limit scenarios.

Decisions/Actions

Topic	Discussion	Action Items
Budget Proposal Publication & Review	All proposals are now published on Gov tool, with new submissions automatically added. Work remains to reconcile proposals submitted previously to committees and to conduct a gap analysis for missing items. New proposals (e.g., IO's research proposals) are expected in the next 24 hours.	Reconcile previously submitted proposals with current Gov tool entries and perform a gap analysis.
Delegation-Weighted Voting	Delegation-weighted voting on Gov tool will be turned on soon, allowing DREPs' votes to be tracked and filtered by DREP and committee comments.	Activate delegation-weighted voting on Gov tool.
Knowledge Base & Communications	A single landing page on the Intersect website is being created to centralize all budget-related information, educational materials, and FAQs. All future communications will direct users to this page.	Finalize and update the knowledge base on the Intersect website as a central landing page for budget information.
Net Change Limit (NCL) Monitoring & Contingency	Both NCLs currently on-chain are showing similar levels of support. Contingency planning has begun to address scenarios where both NCLs fail, or one passes while the other doesn't, to ensure forward movement.	Begin contingency planning for various NCL scenarios (failure, partial pass).
Smart Contract & Treasury Management Solution	The first phase of on-chain elements for the smart contract treasury management solution has been delivered. A demo is being prepared. Detailed requirements for the next phases (application for administrators/key holders/vendors, public dashboard) are being gathered, with a kick-off call scheduled for tomorrow.	Prepare and share a demo of the smart contract solution. Continue gathering detailed requirements for the next phases (application, dashboard).
Vendor Submissions & Open APIs	Over 75 vendor proposals have been submitted, with more expected from IO, CDC, and Catalyst. Documentation for Gov tool's open APIs is being finalized and will be released this week, enabling Tempo and other community tools to integrate and build their own assessment tools.	Release Gov tool API documentation to the public this week.
Committee Proposal Submission Process	Discussion on how committees (e.g., Catalyst, MCC) are submitting their line items. The current recommendation is for committees/vendors to submit net new proposals via the new form (which uses URLs for attachments instead of direct uploads) to reduce backend workload for Intersect.	Communicate the updated process for submitting proposals (using URLs for attachments) to committees and vendors.
Reconciliation Process Planning	Danielle presented a high-level overview of the proposed reconciliation process, seeking committee input and feedback. The process aims to move from proposals on Gov tool to a draft budget info action for on-chain submission.	Committee to provide feedback on the proposed reconciliation process.
Budget Info Action Threshold	A key outstanding question for the committee is defining the threshold for proposals to be included in the Budget Info Action (BIA). This includes determining whether it should be based on a number of DREPs or a stake-weighted number, reflecting sufficient community support.	Define the threshold (number of DREPs or stake-weight) for proposals to be included in the BIA.
Budget & Treasury KPIs	The committee discussed including benchmarks in the governance info action (e.g., treasury transaction volume, number of entities funded) to track the effectiveness of treasury spend over time. This aims to kick the full KPI discussion down the road to 2026.	Discuss and decide on initial benchmarks (e.g., transaction volume, entities funded) to include in the BIA.
Virtual Reconciliation Workshops & Facilitation	Reconciliation workshops will be virtual and facilitated by Voltage Control (who helped with SIP 1694). The proposed schedule includes an initial overarching orientation workshop (April 10th) followed by topical proposal review sessions.	Confirm dates and agenda for the initial virtual workshops.
Workshop Topic Ordering	Initial proposal for workshop topic order: Governance & No Category, then Marketing & Innovation, then Core & Research. This aims to distribute volume and allow more time for controversial/technical topics.	Finalize the order of topics for the proposal review workshops.
Budget Committee Meeting Schedule	The committee's Monday meetings might conflict with upcoming workshops. A suggestion to move meetings to Tuesdays for April was raised.	Discuss and decide on rescheduling Budget Committee meetings to Tuesdays for April.