# The Climate Collective Treasury **URL:** https://forum.celo.org/t/the-climate-collective-treasury/3157 **Category:** Governance **Created:** [March 22, 2022, 1:22pm UTC](https://forum.celo.org/t/the-climate-collective-treasury/3157 "2022-03-22T13:22:25Z") **Posts on this page:** 1 **Showing post:** 6
### Author: ![Tobi](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.celo.org/tobi/32/367_2.png) [@Tobi](https://forum.celo.org/u/Tobi) #### Post date: [March 24, 2022, 1:45pm UTC](https://forum.celo.org/t/the-climate-collective-treasury/3157/6 "2022-03-24T13:45:03Z")
Hi folks, really nice proposal! I don’t have the energy to dive deep into this, but I think it’s a great use of community funds for what to me is the core part of Celo’s mission and long-term stability: natural backed assets. I have to unveil a bummer though: There probably are no free 7 million CELO in the [on-chain community fund](https://explorer.celo.org/address/0xD533Ca259b330c7A88f74E000a3FaEa2d63B7972/transactions)! [Here is a list](https://forum.celo.org/t/celo-community-fund-and-proposal-allocations/2546) of already allocated funds, which amount to ~4 million CELO. The way allocations work is a MultiSig being approved to spend a certain amount of CELO, they remain in the governance contract though until they are actually transferred by an approved MultiSig. So it’s a bit opaque to see how much CELO is actually available. I’m not sure how much exactly has been withdrawn and used already, but my feeling is something around 1 million. So there would probably be something like 9.7 million - 4 million + 1 million ~ 6.7 million unallocated. This might not be a big deal as the community fund keeps growing at ~5.5 million CELO per year and I think [technically it’s possible to approve](https://github.com/celo-org/celo-monorepo/blob/master/packages/protocol/contracts/common/GoldToken.sol#L97) MultiSigs for more CELO than what is actually at the address (altough this shouldn’t be like that imo). But I don’t think we should start to allocate future community funds that are not even rewarded yet. I would feel more comfortable if you guys would ask for a lower amount in order to leave some funds or other community initiatives. Tobi --- _[View the full topic](https://forum.celo.org/t/the-climate-collective-treasury/3157)._