Dear VNTX Community,
We are very happy to be of service to you, the community, as well as the several departments that make up the VNTX family. It has been a challenging start for us, having to deal with several hurdles, such as the malicious attacks on the network earlier this year that caused a shift in focus on our reporting to our dev team.
However, we believe that we are off to a good start, building a framework that will create a sustainable and professional environment, ensuring the success of the VNTX collaborative. As we continue to solidify our current projects, and build out those on our proverbial whiteboards, we are very excited to discover the possibilities that will undoubtedly be born out of our newfound infrastructure. Please let us begin with the basics.
Standard Infrastructure Development
To date, we have developed a few processes, which are standard and unexciting, yet crucial to the proper allocation and tracking of financial resources. The first example of these tools is a budgeting process, which is being integrated into the departments presently. This process will require each department to classify and account for their monthly budget and report how it is being allocated. Once we start tracking this, we can more finely tune the allocation of these funds, as well as adjust the amounts based on need, availability, and effect. This process will be applicable to both budgets provided by the Treasury payments made to any VNTX departments.