Spending Accountability

How Funds will be Spent

TrustNetIX directors have determined realistic budgets.  Funds will be allocated and disbursed as budgeted.  All spending will be verified by a public auditor to confirm visibility of expenditures.  Here’s how funds will be allocated and spent:

    • Platform Development:
      • Enterprise Class Software Development:
        • Feature definition teams
        • Software Architects
        • Hardware Architects
        • Security Architects
        • Business Process Analysts
        • Requirements Documentation
        • DBA designers
        • DB layer service factory developers
        • Team Leads
        • UI devs
        • Logic layer devs
        • Business Rule devs
        • Code reviewers
        • Builders
      • QA Verification Team
      • Load Testing Team
      • Deployment Team
      • Post Deployment Verification Team
      • Training Video Content Team
      • QA Testing devices (various brands and versions of mobile devices, iPads, browsers, PC and Mac computers)
      • Platform Hosting (dedicated servers, bandwidth, licenses, Symantec Endpoint, Barracuda, Cloudfare)
      • Software Development IDE Licenses
  • Servicing Costs:
    • Platform Hosting costs
    • Organization Vetting & Verification costs
    • Member ID verification costs
  • Operational Costs:
    • Bookkeeping
    • Annual audit
    • Legal Compliance Consulting
    • Accounting Compliance Consulting
    • Internal Communication systems (VPN phones, facsimile, email)
    • Insurance:
      • Directors’ and Officers’ and Employment Practices Liability (D&O)
      • Errors & Omissions Liability (E&O)
      • Privacy Breach Coverage
      • Threat Insurance

Our annual operational costs will run about 1% of annual budget.