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Steem Summit Final Financial Statement

![Steem Summit Financial Statement.jpg](https://steemitimages.com/DQmR36bipwNbhms1R4c49gn737ZsQmUTuUPUKCKwfV1ZBfo/Steem%20Summit%20Financial%20Statement.jpg)

Huge apologies for publishing this financial statement just now. It's eight days until the Steem Summit marks its first month anniversary. I got to finally sit down and share this final Steem Summit Financial Statement with all of you, especially to the sponsors.

Let's cut to the chase and get right to the breakdown, shall we?

This financial statement is divided into three parts: the first part details the paper money transactions that the organizers have made, the second part shows the SBD transactions and the third shows the supporting documents that back the numbers up. Feel free to contest any of the items that are laid out here - this is a free blockchain after all.

A. Paper Money Transactions

Incoming Cash Flow

The amount that the organizers have cashed out were mainly from the sponsors: @donkeypong, @kryptonia, @maefe30 and from your upvotes. The organizers made four cash withdrawals from Cebuana Lhuillier and one from Palawan Express. (Assume: 1 SBD = 3 USD = Php 150)
Date of Withdrawal Net Amount Sponsor Person Responsible
March 10, 2018 Php 1,000.00 @maefe30 @thegaillery
March 19, 2018 Php 37,800.00 @kryptonia @legendarryll
April 14, 2018 Php 6,897.00 @donkeypong @thegaillery
April 20, 2018 Php 8,563.00 @donkeypong @thegaillery
April 21, 2018 Php 9,253.00 @donkeypong @thegaillery

Thus, the organizers had a total of Php 63,513.00 in cash.

Outgoing Cash Flow

The cashed out amount was spent on program paraphernalia, transportation and food. These are further detailed below:

Program Paraphernalia

Item Description | Amount | Person Responsible -|-|- Venue | Php 31,500.00 | @legendarryll Exhibit sintra boards | Php 3,516.00 | @legendarryll Pole dance equipment | Php 2,500.00 | @thegaillery Summit shirts | Php 2,500.00 | @legendarryll & @ybanezkim26 Paper for certificates, safety pins, glue tack, masking tape, scissors, gel pen, tissue, marker | Php 2,207.50 | @legendarryll & @ybanezkim26 Notepads and keychains | Php 1,750.00 | @legendarryll Token for speakers | Php 1,350.00 | @ybanezkim26 & @thegaillery Tarpaulin and posters | Php 489.00 | @legendarryll Stickers and posters | Php 480.00 | @legendarryll Certificates printing | Php 439.00 | @ybanezkim26 & @thegaillery ID cards | Php 150.00 | @legendarryll T-shirt printing | Php 140.00 | @legendarryll

Food

Date | Item Description | Amt | Person Responsible -|-|-|- April 16, 2018 | Organizers' meeting | Php 520 | @ybanezkim26, @legendarryll & @thegaillery April 19, 2018 | Organizers' meeting | Php 298 | @ybanezkim26, @legendarryll & @thegaillery April 21, 2018 | Organizers' final preparations | Php 1,331.00 | @ybanezkim26, @legendarryll, @thegaillery &@honeyletsgo April 22, 2018 | Steem Summit's special guests' food | Php 1,832.00 | @wandergirl, @redspider, @babybear April 22, 2018 | Steemians' food | Php 7,046.25 | @wandergirl, @redspider, @babybear April 22, 2018 | Drinks and ice | Php 1,039.00 | @wandergirl, @redspider, @babybear April 22, 2018 | Plates and cups | Php 865.25 | @wandergirl, @redspider, @babybear April 24, 2018 | Organizers' event assessment meeting | Php 897.00 | @ybanezkim26, @legendarryll & @thegaillery

Transportation

Date of Purchase | Item Purchased | Amount | Person Responsible -|-|-|- April 15, 2018 | Taxi fare | Php 101.00 | @ybanezkim26 & @legendarryll April 16, 2018 | Taxi fare | Php 126.00 | @ybanezkim26 & @legendarryll April 17, 2018 | Taxi fare | Php 318.00 | @ybanezkim26 & @legendarryll April 19, 2018 | Taxi fare | Php 117.00 | @ybanezkim26 & @legendarryll April 20, 2018 | Taxi fare | Php 230.50 | @ybanezkim26 & @legendarryll April 21, 2018 | Net taxi fare | Php 654.50 | @ybanezkim26 & @legendarryll April 22, 2018 | Jeepney fare | Php 21.00 | @thegaillery April 24, 2018 | Taxi fare for assessment meeting | Php 300.00 | @ybanezkim26 & @thegaillery Unknown dates | Net taxi fare | Php 700.50 | @ybanezkim26 & @legendarryll
Thus, the organizers have spent a total of Php 63,418.50, that leaves us with Php 94.50 in the Steem Summit fund.

B. SBD TRANSACTIONS

Incoming SBD Flow

Apart from @donkeypong's generosity, @surpassinggoogle and all those who shared their upvotes on the Steem Summit's promotional posts were the source of this rewards pool.

Outgoing SBD Flow

The amount that we transferred were given to the competition winners, program performances and the working committee. These are further broken down below:

Competition Winners

Poetry Winners
The poetry competition is divided into two subcategories. Therefore, there are two sets of three winners for this category. Each subcategory has a prize pool of 10 SBD. ![Filipino poetry winners.jpg](https://steemitimages.com/DQmV9pmhDne3LcbF5Woc1e3R3wh5Q2eywnVNtHEyQP6nNp7/Filipino%20poetry%20winners.jpg)

English poetry winners.jpg

Art Submission Winners
The art competition was allotted 11 SBD, instead of 10 SBD, because two of the runners-up had a tie. ![Art submission winners.jpg](https://steemitimages.com/DQmSgEQ3PFirdjL6JnXxWdk8VWy9zUn1wYMmkZeg4mjVeXK/Art%20submission%20winners.jpg)
Photography Winners
The photography competition is divided into two subcategories. Therefore, there are two sets of three winners for this category. Each subcategory has a prize pool of 10 SBD. ![DSLR photography winners.jpg](https://steemitimages.com/DQmcZkSwxyLTcw8mnndZ7vt2g7aozGBgJyUSYgiku2hXTRV/DSLR%20photography%20winners.jpg)

Smartphone photography winners.jpg

Travel Post Winners
This category also has a prize pool worth 10 SBD. ![Travel post winners.jpg](https://steemitimages.com/DQmcwqqrmBgDxWzbcMUYCUV4MfGLRUu3yyfSsgojrQXRRi4/Travel%20post%20winners.jpg)

The total amount allocated to the competition winners is 61 SBD.

Program Performance

The organizers wanted to incentivize the performance of the Steemians, therefore, SBD rewards were given to the Steem Summit performers. ![Performers.png](https://steemitimages.com/DQmcQ2TdeJHciT3uT7SAxRHv6BSMpGwJjtc9jGFDUYcju24/Performers.png) ![Performers 2.png](https://steemitimages.com/DQmNSjqauS6KQKyr5YYX7Rz3GSMb7eddFiHLn7iwREVLJW4/Performers%202.png)
The total amount allocated to the program performances is 25 SBD.

Working Committee

The working committee made sure that the event went through smoothly and that the guests would be properly situated during the event. SBD rewards were given as a way of saying thanks for their services and time. ![Working Committee.png](https://steemitimages.com/DQmctfnyynyzSKwFEsRWmVbmQLB7tvB3YXLqj51NJCMocYM/Working%20Committee.png) ![Gratitude.png](https://steemitimages.com/DQmfCCvWqChoZDTWB8ZxyQfav2AbDcWWGAUwUTS5ovfkM5j/Gratitude.png) ![Gratitude 2.png](https://steemitimages.com/DQmQVKpzSiTGas3AFXNSnpfQMRyT6A77QRXL5s8GJhpqFaT/Gratitude%202.png)
The total amount allocated to the working committee is 23.666 SBD.

C. DOCUMENTATION

As mentioned previously, this third part will include the receipts and documents that will back the numbers that were stated in the previous parts

A. Paper Money Transactions - Incoming Cash Flow
Kryptonia money.jpg

cash out.jpg

Palawan.jpg


B. Paper Money Transactions - Outgoing Cash Flow

  1. Venue
    venue.jpg

  2. Taxi fare
    taxi fare.jpg

  3. Program paraphernalia
    Pole Performance.png

Program paraphernalia.jpg

Program paraphernalia 2.jpg

Program paraphernalia 3.jpg

  1. Food
    Steemians and Special Guests Food.jpg

Steemians and Special Guests Food 2.jpg

Organizers' meetings.jpg

Organizers' meetings 2.jpg


The remaining cash and SBD will be used to fund for the Steem Summit's next endeavors. Rest assured, the team will still remain transparent and accountable.
On behalf of the organizers, thank you for being a part of the first Steem Summit. We hope to see you again in the next!
![Steem Summit GIF.gif](https://steemitimages.com/DQmRPd5DvdcXRYZXccHs2G6WfKfYNLo68inEpXJEa5r6Sdw/Steem%20Summit%20GIF.gif)

Best, @thegaillery
7 upvotes 7 downvotes $0.06

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