[MoF] Fund Status and Anticipated Spend Report

Day 6,044, 05:49 Published in United Kingdom United Kingdom by Bank of England


Citizens!

Again we are starting the Ministry updates nice and dry with a run through of the Fund Status and anticipated spend for our reward programs.

The keystone of our rewards is the Citizen Dividend, added to which are our Fighting Rewards, Pre-Epic Rewards and Live-Fire Exercises. Welcome packs and social incentives are also available to new Players - drop us a message if you have any questions about how they work, or read the run-through.

These are designed to address all of the eUK’s Strategic Goals, with special emphasis on Goal 2 and Goal 3.

All Rewards for May have been paid. You can see the calculations on the eUK Transparency Document.



Accounts Status

Citizen Dividend

Start of May MM Valuation : £62,529,789.73
End of May MM Valuation : £71,189,461.34
Therefore Profit : £8,659,671.61

Balance brought forward from previous cycle’s returned Dividends : £420,000.00

Total Dividend Value : £9,079,671.61

125 Citizens did kills/met the activity threshold.
Therefore the Dividend value per person was : £76,946.37

As profit was removed from the MM Trading Orgs to pay the Dividend, the Orgs are now close to their starting balance - the June Opening Balance of the fund will be rounded to £62,500,00.00 (62.5 Mil) principally to make it easier for Congress and the Public to remember what is held in reserves. 62.5 Mil will be the starting balance going forward unless Congress input on changing it via adding to or spending from reserves.

The value of the next Dividend will be MM profits made over the next four weeks plus any returned Dividends. These funds are held across the Government’s MM Trading Orgs and profits are moved into the Department of the Munitions on the day(s) the Dividend is paid.

Remember YOU can help build the value of the Dividend by purchasing currency from eUk Orgs!


Fighting Rewards

Budget for New Fighting Rewards : £1,600,000.00
Balance brought forward from previous cycle’s returned rewards : £185,902.30

Therefore Fighting Reward Fund : £1,785,902.30

The value of the next Reward Fund will be £1,600,000.00 plus any returned Rewards.

The funds for this are held in the Department for Munitions.

LFE’s and Pre-Epic Rewards

The Pre-Epic Reward Fund of £200,000.00 was distributed according to shares of the fund.



As Rory was ineligible to receive rewards this cycle, his allocation will be added to the next Pre Epic fund.

That means the value of June’s Pre-Epic fund is :
Budget : £200,000.00
Returned Rewards (Rory) : £17,142.86

Total Fund value : £217,142.86

Live-Fire Rewards were paid out according to objectives :



Funds spent : £37,500.00.

The MoD paper will list the updated offering for meeting LFE objectives. The funds remaining will either be added to this months LFE budget or used to replenish the eUK Defence Fund following Congress feedback.

The funds for these programs are held in the Ministry of Defence and moved into the Department of the Munitions on the day(s) the Rewards is paid.



Anticipated Spend/other funds

To summarise the above in terms of anticipated spend this month :

Citizen Dividend : MM profits + Any returned Dividends
Fighting Rewards : £1,600,000.00 + Any returned Rewards
Pre-Epic Reward Fund : £217,142.86
LFE Funds : Either £361,500 or £200,000 following Congressional input.

The eUK Home Office Org is still buoyant with £714,409.00 and this will cover MoHA spend, including Ministry of Entertainment and New Player prizes.

Thanks for reading everyone, if you need help recovering from the numbers keep an eye out for Weekend Whimsy on friday afternoon!

Mr Woldy for the Ministry of Finance.