# The Graph Council Meeting #33 Notes

**URL:** <https://forum.thegraph.com/t/the-graph-council-meeting-33-notes/3500>\
**Category:** Ecosystem Updates\
**Tags:** council\
**Created:** [August 1, 2022, 10:51pm UTC](https://forum.thegraph.com/t/the-graph-council-meeting-33-notes/3500 "2022-08-01T22:51:45Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![marsh](https://avatars.discourse-cdn.com/v4/letter/m/8baadc/32.png) [@marsh](https://forum.thegraph.com/u/marsh)\
**Post date:** [August 1, 2022, 10:51pm UTC](https://forum.thegraph.com/t/the-graph-council-meeting-33-notes/3500/1 "2022-08-01T22:51:45Z")

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Council members value transparency and have agreed to follow Chatham House Rules for sharing meeting notes. On July 26th, 2022, The Graph Council held its 33rd meeting.

**Roster**

Council Members (”Members”)

Yondon Fu

Gary Morris

Santiago Palladino

Brandon Ramirez

Sebastian Siemssen

Spencer Noon

Mable Jiang

**The Graph Foundation (”Foundation”)**

Eva Beylin, Director, the Foundation

**Observer and Note Taker**

**Note taker:** Alex Marsh, the Foundation

**Observer:** Jordan Teague, the Foundation

**Observer:** Andrew Domzalski, Edge & Node

**Council Business**

The meeting commenced at 11:02 a.m. PST.

**Meeting**

**New Council Member**

The Council welcomed new Council member Mable Jiang, who will be representing the delegator stakeholder.

**Grants**

The Foundation provided an update to the Members on the status of projects under core developer grants.

**Budget & Treasury Updates**

The Council discussed a Foundation budget request for reimbursement of 50% of audit costs from the public security budget. The Council left the matter open for further discussion and no final decision was reached. One Council Member emphasized the importance of earmarking sufficient funds in the public security budget to fund bug bounties.

The Foundation presented a potential treasury initiative related to an R&D proposal, which the Council began discussing. The Members decided to table the proposal for further discussion in the next meeting. A request was considered and approved by the Members for release of vested Foundation GRT treasury tokens to support various initiatives.