<center>![Financial Update.jpg](https://steemitimages.com/DQmU2WxWBfdQgSERavTiXUavTKXnd6g3woApK4uouCXhZqn/Financial%20Update.jpg)</center>

Since the release of the Steem Summit’s Financial Statement, the organizers have been getting a lot of support from generous Steemians. In behalf of the organizers, the financial executive committee would like to express its gratitude for this show of support and trust from the community. With the organizers’ plan to keep this trust, this post will present the current financial status of the fund for the event. 

The first part highlights the incoming cash flow while the second part highlights the outgoing cash flow. Questions, suggestions and sponsorship offers are welcome. Leave a comment down below to let the organizers know what you think.

<h1>Incoming</h1>
Shoutout to @donkeypong, @kryptonia, @maefe30, @surpassinggoogle and, of course, to you for your financial support in the forms of cryptocurrency, cash and upvotes. As can be seen in the table below, the amount received and the category to which the money will be allocated are declared. The values shown are based on the conversion: 1 SBD = USD 3 = PhP 150.
<br>
Source|Amount|Expense Category|Date of Transfer
-|-|-|-
@kryptonia| SBD 255/USD 765/PhP 38,229 | Venue | March 17, 2018
@donkeypong| SBD 85/USD 255/PhP 12,750 | Prizes for the contest winners | March 14, 2018
@maefe30| SBD 7/USD 20/PhP 1,000 | Token for speakers | March 9, 2018
Post earnings| SBD 35/USD 105/Php 5,250 | Promotional materials | March 16, 2018

<h1> Outgoing </h1>

As of this writing, no amount was cashed out yet. However, the organizers are to pay for the venue this week. Shown in the table below is the amount that will be cashed out this week. The values shown are based on the conversion 1 SBD = USD 3 = PhP 150.
<br>
Expense Category|Amount|Person Responsible|Date of Withdrawal
-|-|-|-
Venue | SBD 255/USD 765/PhP 38,229 | @legendarryll | March 19, 2018

<br>
The organizers aim for this event to be corruption-free, therefore transparency will be held of utmost importance. The financial executive committee will be implementing measures to ensure that this goal is achieved. 

Those are all for this week’s financial update. Stay tuned for more news in the coming days.

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This financial update was prepared by @thegaillery.

Steem Summit Organizers:
@honeyletsgo
@legendarryll
@thegaillery
@ybanezkim26