Hey @meta8.eth,
Thanks for the questions.
IIRC, In the Term 4 metagov budget (Q3/Q4 last year), that discretionary amount was the delta between what was in the budget and what was remaining in the metagov wallet. Essentially, everything left in metagov’s wallet was just listed as discretionary. We perhaps shouldn’t have done it that way, as there was no intention of spending that on anything at the time - as indicated by the fact we only spent $6k of it.
Usually, that catagory is used for reimbursement of any expenses that come up throughout the term that weren’t planned or expected. I’m happy to share some detailed examples of what the discretionary category has been used for to date if that helps, and also what we generally think of when we try to plan that category out.
Term 5’s budget has 30k USDC and 5 ETH planned as discretionary, but this is by nature a tough expense category to plan for because it isn’t known ahead of time.
If you don’t mind, I’d like to point you to the steward comp thread to find the detail you’re looking for. Here’s that forum thread.
The monthly Endowment fees are calculated based on two components, the total “Assets Under Management” or AUM, and a percentage of the appreciation or yield of the assets. The doubling of the fees was when we doubled the size of the endowment (doubling the AUM).
Most of the explanaition of the fees is covered in this thread here: Updated Endaoment Proposal: Karpatkey & Steakhouse Financial
Happy to get into more detailed discussion about that arrangement if you’d like.
Hope that gives you some of the clarity you’re looking for, let me know if you have more questions.