# Treasury Monthly Reports by karpatkey

**URL:** <https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079>\
**Category:** Karpatkey Updates\
**Created:** [August 9, 2023, 3:29pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079 "2023-08-09T15:29:17Z")\
**Posts on this page:** 20\
**Page:** 1

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**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [August 9, 2023, 3:29pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/1 "2023-08-09T15:29:17Z")

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As per [BIP-103](https://snapshot.org/#/balancer.eth/proposal/0xddc174b931a0d2e5e32276a3d0d7110367797dd24248f078d0f7876d0987c92f), @kpk is Balancer DAO’s partner for treasury management, tasked with deployment of yield generating strategies, risk management and reporting.

After several months of hard work on our reporting engine, we are pleased to announce the launch of the monthly Endowment reporting section, following the [July announcement](https://forum.balancer.fi/t/a-step-towards-improved-financial-reporting-new-monthly-report/4940).

## Monthly Report

The new reports feature a detailed outlook on how the treasuries of the DAOs we work with are being managed. This is a token of our commitment to transparency and one more step towards increased automation.

Each month, a link to the web report will be posed on this topic. Reports will also be available in the [reports section](https://reports.karpatkey.com/) of the karpatkey [web](https://www.karpatkey.com/).

Our new reporting format introduces additional sections that aim to offer a comprehensive understanding of the Endowment’s performance. Them being:

- Summary
- Balance overview
- Treasury Variation
- Farming Funds and Results
- Token Detail

The [Treasury report](https://reports.karpatkey.com/?dao=2&month=7&year=2023) for the month of July is already out and available in karpatkey’s web.

## Next Steps

We are commited to improving and enhancing the monthly reports, allowing for quick insights into our work and the treasuries we manage.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [September 15, 2023, 8:01am UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/2 "2023-09-15T08:01:40Z")

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The August [Treasury report](https://reports.karpatkey.com/?dao=2&month=8&year=2023) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [October 18, 2023, 1:08pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/3 "2023-10-18T13:08:25Z")

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The September [Treasury report](https://reports.karpatkey.com/?dao=2&month=9&year=2023) is now accessible on karpatkey’s website. We regret any inconvenience caused by a minor delay in publication, which was due to a technical issue.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [November 8, 2023, 8:20pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/4 "2023-11-08T20:20:02Z")

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The October [Treasury report](https://reports.karpatkey.com/?dao=2&month=10&year=2023) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [December 21, 2023, 12:00pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/5 "2023-12-21T12:00:41Z")

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The November [Treasury report](https://reports.karpatkey.com/?dao=2&month=11&year=2023) is now available on karpatkey’s website. We apologize for any inconvenience caused by the delay in its release, which was the result of implementing a new methodology for a specific situation that does not pertain to the Balancer treasury.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [January 8, 2024, 3:05pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/6 "2024-01-08T15:05:59Z")

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The December [Treasury report](https://reports.karpatkey.com/?dao=2&month=12&year=2023) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [February 9, 2024, 5:45pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/7 "2024-02-09T17:45:10Z")

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The January 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=1&year=2024) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [March 19, 2024, 12:29pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/8 "2024-03-19T12:29:47Z")

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The February 2024 [Treasury Report](https://reports.karpatkey.com/?dao=3&month=2&year=2024)is now accessible on karpatkey’s website. We apologize for any inconvenience resulting from a slight delay in publication, which occurred due to a technical issue.

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**Author:** ![Sixty](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/sixty/32/3573_2.png) [@Sixty](https://forum.balancer.fi/u/Sixty)\
**Post date:** [March 20, 2024, 5:28am UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/9 "2024-03-20T05:28:46Z")

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Hey, @kpk are the DeFi results in the report for February alone? I am also curious how you guys account for the appreciation/depreciation of assets like ETH or AAVE.

 ![Screenshot 2024-03-20 at 08.23.56](https://canada1.discourse-cdn.com/flex027/uploads/balancer/original/2X/d/d199eea3ee0ccad2770532d461cf8a41651062f9.png)

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**Author:** ![parkienator](https://avatars.discourse-cdn.com/v4/letter/p/0ea827/32.png) [@parkienator](https://forum.balancer.fi/u/parkienator)\
**Post date:** [March 20, 2024, 7:01am UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/10 "2024-03-20T07:01:03Z")

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hey @Sixty the DeFi results are for the month of February.  
As for the price change of the treasury assets, they are accounted for in the ‘Treasury Valuation’ section (e.g. +$1.35M for the month of Feb).

 ![image](https://canada1.discourse-cdn.com/flex027/uploads/balancer/original/2X/a/a86e6e2e91006fd26a43a13d826814fc6d0be34c.png)

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<div class="post-metadata">

**Author:** ![Sixty](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/sixty/32/3573_2.png) [@Sixty](https://forum.balancer.fi/u/Sixty)\
**Post date:** [March 20, 2024, 12:12pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/11 "2024-03-20T12:12:01Z")

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Thanks for the clarity @parkienator! Is there any reason the $1.35M increase is referred to as operations results?

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<div class="post-metadata">

**Author:** ![parkienator](https://avatars.discourse-cdn.com/v4/letter/p/0ea827/32.png) [@parkienator](https://forum.balancer.fi/u/parkienator)\
**Post date:** [March 20, 2024, 2:44pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/12 "2024-03-20T14:44:16Z")

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No problem, happy to see community involvement 🙂

It’s referred to as ‘operations results’ for simplicity purpose, we could theoretically open 3 categories: 1. marked-to-market, 2. operational results, 3. DeFi deployment yield results.

For further context, in the case of some other DAOs, they might have a unified treasury (omnibus account that they use to deploy to DeFi, receive income / pay for expenses, etc). In Balancer this does not happen so Operational results = Price variation.

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<div class="post-metadata">

**Author:** ![Sixty](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/sixty/32/3573_2.png) [@Sixty](https://forum.balancer.fi/u/Sixty)\
**Post date:** [March 21, 2024, 8:24pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/13 "2024-03-21T20:24:00Z")

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Thank you again for the context, it’s great to see how you guys are visualizing treasury management data, the karpatkey reports are excellent.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [April 9, 2024, 8:09pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/14 "2024-04-09T20:09:07Z")

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The March 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=3&year=2024&currency=USD) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [May 10, 2024, 1:17pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/15 "2024-05-10T13:17:25Z")

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The April 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=4&year=2024&currency=USD) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [June 10, 2024, 8:17pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/16 "2024-06-10T20:17:35Z")

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The May 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=5&year=2024&currency=USD) has been released and can be accessed on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [July 8, 2024, 9:30pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/17 "2024-07-08T21:30:36Z")

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The June 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=6&year=2024&currency=USD) is now available on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [August 12, 2024, 5:26pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/18 "2024-08-12T17:26:58Z")

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The July 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=7&year=2024&currency=USD) is now available on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [September 17, 2024, 7:57pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/19 "2024-09-17T19:57:58Z")

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The August 2024 [Treasury report](https://reports.karpatkey.com/?dao=3&month=8&year=2024&currency=USD)is now available on karpatkey’s website.

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<div class="post-metadata">

**Author:** ![kpk](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/kpk/32/3793_2.png) [@kpk](https://forum.balancer.fi/u/kpk)\
**Post date:** [October 14, 2024, 5:57pm UTC](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079/20 "2024-10-14T17:57:00Z")

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The September 2024 [Treasury report](https://reports.karpatkey.com/balancer?month=9&year=2024&currency=USD)is now available on karpatkey’s website.

[Next page](https://forum.balancer.fi/t/treasury-monthly-reports-by-karpatkey/5079.md?page=2)
