GAAP, generally accepted accounting practices, as I pointed out in my comment. Simply providing the evidence of expeditures of the funds so that there is no question as to how those funds are spent. Other DHF proposals have been extraordinarily profligate with expenditures without any accounting whatsoever, and this has been further accompanied by direct, credible accusations of theft by fraud.
Requiring GAAP is not accusing you of anything. It's simply how business is done because theft by fraud exists, and honest business proves it does not enable theft by fraud.
I do construction work. Sometimes I spend $T's for my customers on materials. When I do that I provide them receipts. I do not provide them receipts because they accuse me of fraud, but so they will know that I do not commit fraud, and they will never accuse me of it - unless they are attempting to commit fraud, or are incredibly stupid and do not understand something extremely simple.
Others are stealing from the DHF, as best I can ascertain. I have posted factually about this in the past. I do not intend to enable anyone to steal from the DHF, and it is my hope that you do not either. Both of us can show our commitment to not stealing from the DHF by insisting on proposals adhering to GAAP.
I appreciate the courteous reply.
Cool, In my pre crypto life, i was a construction and project manager on oil and gas jobs, expenses were montiored very tightly.
It is of course our intention to provide receipts @jthomasewsky and I will provide clear receipts on spending for this project and also progress reports that show hours burned against planned, and other expenditures.
I agree, we need a little more transparency on DHF funded projects like that.
Also, If anyone is stealing from the DHF, we hope that the way this project is executed demonstrates how it can be done transparently so that more DHF projects follow this example with their spending.
I really hope that this commitment becomes a trend that all DHF proposals adopt from here on out. I was very impressed with the account of Cold Beet Root Soup (CBRS) that renovated a classroom so that kids could learn about web3 at a cost of ~$2k, which they did not source from the DHF, but closely accounted for all expenditures and detailed the work as they did it.
It is a great model for folks receiving funding for a project to follow, and it will be a difficult example to surpass.
Thanks!