SanchoNet Education Network Cost Breakdown

	A	B	C	D
1	Cost Breakdown for SanchoNet Education Network Proposal
2	"Cardano Constitutional Committee Formation and Governance Education"
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4	Request	Convesion	Equivalent	Term
5	500,000.00	$0.65	$325,000.00	13
6	ADA	USD per ADA	USD	Months
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9	Phase 1	June - September 2025		4 months
10	Recipient	ADA	USD	Notes
11	Personnel
12	Mike Hornan	92,308	$60,000.00	Mike will take a 4 month sabbatical from his job to establish the SanchoNet Education Network. 100% FTE: $15,000 per month
13	Adam Rusch	34,615	$22,500.00	Adam will take the Summer off (3 months) from teaching at the University to help launch the network and contribute part time after that. 66.7% FTE: $10,000 per month
14	Legal Advisor	23,077	$15,000.00	We will retain a legal advisor to be sure the launch of the SanchoNet Education Network is in compliance with all laws and regulations.
15	Technical Advisors	23,077	$15,000.00	Technical Advisors provide participants one-on-one training as they work together to keep the Sancho Testnet running.
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17	Infrastructure	1,846	$1,200.00	We expect a cost of around $300 per month for infrastructure costs to train participants as they help keep SanchNet running.
18	Software Licenses	1,846	$1,200.00	We expect a cost of around $300 per month for software licenses that facilitate meetings, productivity, and professional publishing.
19	Travel & Workshops	10,769	$7,000.00	We expect a cost of around $7,000 per quarter to facilitate travel to Cardano events and hosting of in-person Workshops for training purposes. We will hold an in-person workshop at Rare Evo 2025.
20	Admin Fees	6,154	$4,000.00	We expect a cost of around $1,000 per month for miscelaneous administrative work to keep the organization running. This also serves as a Contingency fund for unexpected costs that may arise from other categories.
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23	Phase 2	October - December 2025		3 months
24	Recipient	ADA	USD	Notes
25	Personnel
26	Mike Hornan	69,231	$45,000.00	Mike will take a an additional 3 month sabbatical from his job to work full time on the SanchoNet Education Network. 100% FTE: $15,000 per month
27	Adam Rusch	11,538	$7,500.00	Adam will continue to support SanchoNet Education Newtwork activities on a part time basis. 25% FTE: $10,000 per month
28	Legal Advisor	4,615	$3,000.00	We expect an average of $1,000 per month for continuing legal costs.
29	Technical Advisors	18,462	$12,000.00	Technical Advisors not only help run infrastructure but also serve as mentors to participants with one-on-one training.
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31	Infrastructure	2,769	$1,800.00	We expect a cost of around $300 per month for infrastructure costs to train participants as they help keep SanchNet running.
32	Software Licenses	2,769	$1,800.00	We expect a cost of around $300 per month for software licenses that facilitate meetings, productivity, and professional publishing.
33	Travel & Workshops	10,769	$7,000.00	We expect a cost of around $7,000 per quarter to facilitate travel to Cardano events and hosting of in-person Workshops for training purposes.
34	Admin Fees	9,231	$6,000.00	We expect a cost of around $1,000 per month for miscelaneous administrative work to keep the organization running. This also serves as a Contingency fund for unexpected costs that may arise from other categories.
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37	Phase 3	January - June 2026		6 months
38	Recipient	ADA	USD	Notes
39	Personnel
40	Mike Hornan	69,231	$45,000.00	Mike will continue to support SanchoNet Education Network activities on a half time basis. 50% FTE: $15,000 per month
41	Adam Rusch	23,077	$15,000.00	Adam will continue to support SanchoNet Education Newtwork activities on a part time basis. 25% FTE: $10,000 per month
42	Legal Advisor	9,231	$6,000.00	We expect an average of $1,000 per month for continuing legal costs.
43	Technical Advisors	36,923	$24,000.00	Technical Advisors not only help run infrastructure but also serve as mentors to participants with one-on-one training.
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45	Infrastructure	2,769	$1,800.00	We expect a cost of around $300 per month for infrastructure costs to train participants as they help keep SanchNet running.
46	Software Licenses	2,769	$1,800.00	We expect a cost of around $300 per month for software licenses that facilitate meetings, productivity, and professional publishing.
47	Travel & Workshops	21,538	$14,000.00	We expect a cost of around $7,000 per quarter to facilitate travel to Cardano events and hosting of in-person Workshops for training purposes.
48	Admin Fees	9,231	$6,000.00	We expect a cost of around $1,000 per month for miscelaneous administrative work to keep the organization running. This also serves as a Contingency fund for unexpected costs that may arise from other categories.
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51	Sum	497,846.15	$323,600.00
52	Contingency Fund	2,153.85		This contingency fund is intended for organizational needs that may emerge - such as the urgent need for tooling or extra workshop sessions to test network vulnerabilities.
53	Total Request	500,000.00
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55	Additional Notes:
56	Mike and Adam will work as Independent Contractors and be responsible for all taxes related to the work they perform.
57	If Mike or Adam are unable to continue work on the project replacements may be found to take their place upon agreement of the other members of the network.
58	The Legal Advisor, Technical Advisor, and any administrative roles may be contracted to different groups or people as necessary to ensure continuous operation of the network.
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