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# 2023Q3 Grin Original Council (OC) Funding Transparency Report | ||
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Last updated: Oct 31th, 2023 | ||
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## Introduction | ||
This document provides a high level overview of the Grin's Original Council (OC) financials for Q32023 (July 1st-Sept 30th). The purpose is to keep the community up to date on funding activity in transparent and digestible way. The data is derived from what is reported in the financial logs under [/grin-pm/financials](https://github.com/mimblewimble/grin-pm/tree/master/financials). | ||
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### Notes | ||
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1. Data was up to date at the time of writing, but it's still possible that there have been changes and updates in the logs since. | ||
2. USD conversion rates are derived from the closing price of the asset on the day in question according to finance.yahoo.com unless otherwise stated. | ||
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## Status before the period | ||
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### Disposable funds | ||
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At the end of June 30th 2023, The Grin OC held disposable funds to the equivalent of $1,435,846 as follows: | ||
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Currency | Amount | USD x-rate June 30 2023 | USD Equivalent | Wallet address(es) | ||
|---|---:|---:|---:|---| | ||
BTC | 47.158502 | $30,447.25 | $1,435,846 | bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu | ||
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### Additional details | ||
* See the [2023Q2 report](funding_transparency_2023Q2.md). | ||
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## Activity during the period | ||
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### Received | ||
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During July 01 - Sept 30 2023, Grin OC received no donations | ||
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### Spent | ||
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During July 01 - Sept 30 2023, Grin OC spent the following assets on the following activities: | ||
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Currency | Amount | Category | ||
|---|---:|---:| | ||
BTC|1.56285|Development and Maintenance| | ||
BTC|0.00004543|Transaction Fees| | ||
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## Status after the period | ||
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### Disposable funds | ||
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At the end of Sept 30 2023, the status of Grin OC's disposable funds were as follows: | ||
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Currency | Amount | USD x-rate Sept 30 2023 | USD Equivalent | Wallet address(es) | ||
|---|---:|---:|---:|---| | ||
BTC | 45.59565438 | $26,967.92 | $1,229,620 | bc1q2x8gu8n85ylur5j83yflhpg5hf80nhnyem98k2pld46lf4czhmgsxq8wlu | ||
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### Comments | ||
* Over the quarter, the value of BTC decreased by ~9%, negatively impacting the available funds. |
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