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Reconciliation · on-chain

Cross-check between ZCG's on-chain treasury flow and what the spreadsheet records as distributed. Individual grantee payments leave the shielded pool · only the aggregate flow is visible on-chain.

Distribution per the spreadsheet (historical cumulative)

ZEC paid to grantees

414,151.63980481

766 ZEC payments

USD paid

$22.2M

budgeted value of paid items

Payments

779

9 in USD/USDC (off-chain)

Why there is no 1:1 match per payment

The ZCG transparent treasury only reveals the aggregate flow: it receives from the Lockbox and moves blocks of ZEC into the shielded pool. The 766 individual grantee payments leave the Orchard (shielded) pool or historical addresses · private by design. Auditing each per-grantee payment would require the ZCG shielded UFVK. The reconciliation possible today is the treasury flow (above) plus the spreadsheet integrity-check.