Editing Collective Budgeting (section)

== Practices ==

Budgets are developed on a per-project or per-income basis. An initial draft budget is proposed at the beginning of a project or upon receipt of funding, offering preliminary allocations across key categories such as:
* Labor
* Resources
* Commons

The typical process includes:
# The project's [[catalyst]] drafts a budget proposal.
# The proposal is shared with the collective, and all directly involved workers must give consent.
# Budgets may be revised during the project lifecycle based on changing conditions or needs.
# A final consent-based review occurs before funds are distributed, ensuring all contributors agree to the allocations.

Loomio is used for asynchronous deliberation and consensus, minimizing the need for frequent live meetings. Open Collective is used to track transactions, though detailed budgets are currently maintained privately and in internal tools such as Notion.