Description

This proposal seeks to renew funding for the Operations Working Group within the DAO, including an UNA Administrator role, funding for tax advisory and compliance, and operational stipends for group members. This initiative will strengthen the DAO’s compliance, operational efficiency, and strategic planning, ensuring a robust foundation for future growth.

Summary

The proposal outlines the establishment and funding of:

• UNA Administrator: Responsible for tax compliance, legal coordination, and operational documentation.
• Tax Advisory and Compliance Fund: Ensures access to professional legal and tax services.
• Operations Working Group: A team of three members plus the two UNA Administrators focused on managing DAO operations, grant writing, compliance, and planning.

Each of the three non-administrator members of the Operations working group will receive the ETH equivalent of $1,000 USDC per month for a 6-month term.

The UNA Administrator will receive the ETH equivalent of $3000 per month. The tax advisory request is $21,600 for the 2024/2025 tax liability analysis and prep.

The total request for the 6 month period is approximately $57,600. Requesting a total of 20 eth to fund the 6 month term

Issue/Context

The DAO faces increasing complexity in maintaining compliance, managing funds, securing grants, and developing operational documentation. Addressing these gaps is critical to sustaining the DAO’s mission and long-term effectiveness. By extending the Operations Working Group, we can continue the dedicated mission to handle these essential responsibilities.

Proposal

Renewal of UNA Administrator Roles

Responsibilities include:

• Tax and Compliance: Overseeing compliance with tax regulations and maintaining relationships with legal and tax advisors.
• Operational Documentation: Developing and maintaining essential DAO documentation for transparency and clarity.
• Financial Oversight: Managing payments, multi-signature wallets, and ensuring financial accountability within the DAO.

Tax Advisory and Compliance Fund

Allocate funds for professional legal and tax advisory services to ensure ongoing compliance and adaptation to regulatory changes. ** Operations Working Group**

• Role and Composition: A team of three members, including the UNA Administrator, working collaboratively to manage DAO operations.
• Stipends: Each non-admin member will receive the ETH equivalent of $1,000 USDC per month for six months.

Extension of Operations Working Group Mandate

A 6-month mandate extension to allow the team to continue to implement and refine operational processes. Additionally a recommitment from members to meet the initial specifications of the group as listed in the original and renewal props.

Mission

This proposal directly supports the DAO’s mission to build sustainable, efficient infrastructure. By focusing on compliance, grant acquisition, and structured planning, the proposal strengthens the DAO’s foundation for long-term success.

Accountability

Budget

• UNA Administrator & Operations Working Group Stipends: $18,000 USDC (equivalent in ETH).
• Tax Advisory Fund: $21,600 USDC (equivalent in ETH).
• Miscellaneous Operational Costs: $1,500 USDC (equivalent in ETH).
• UNA Administrator: $18,000 USDC (equivalent in ETH).

Timeline

• Implementation immediately as the working group currently exists, with regular progress updates provided during biweekly guild meetings.

Success Metrics

• Maintenance of financial and tax compliance.
• Enhanced transparency and operational efficiency.

Transparency

• Regular updates during guild meetings and ongoing communication with DAO members.

Treasury Impact

The total funding request is 20 ETH, representing 14.65% of the DAO’s treasury holdings.

Tax Information All individuals receiving payments will supply tax information to the DAO’s accountants to ensure compliance.

Author Lilac.eth