diff --git a/projects/incubation/staging/fiscal-audit-report.md b/projects/incubation/staging/fiscal-audit-report.md
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--- a/projects/incubation/staging/fiscal-audit-report.md
+++ b/projects/incubation/staging/fiscal-audit-report.md
@@ -1,38 +1,29 @@
-**TO:** Crimson Leaf LLC Executive Board
+**TO:** Crimson Leaf Executive Board
 **FROM:** Vance, Chief Capital Officer
-**SUBJECT:** Capital Allocation Audit — SPRINT 73 (Crimson Leaf Research)
+**SUBJECT:** Financial Adjudication: Tenant Incubation – *Crimson Leaf Research*
 
 ### 1. Fiscal Evaluation
 The proposal for **Crimson Leaf Research (CLR)** has been audited against the Genesis Fund’s deployment criteria. 
 
-*   **Current Genesis Fund Balance:** 1,000,000 Credits
-*   **Requested Seed Allocation:** TBD (Pending Executive Proposal)
-*   **Projected Burn Impact:** Low (Internal B2B service model reduces external egress).
-*   **Capital Efficiency Rating:** 92/100. By centralizing the intelligence synthesis function, we eliminate the duplicated computational and hourly costs currently incurred by ad-hoc scans across multiple potential Tenants.
+*   **Capital Efficiency:** CLR addresses a critical high-latency bottleneck. Currently, intelligence synthesis is fragmented across reactive scans. Centralizing this into a sovereign Tenant reduces the "Information Tax" on other portfolio companies, increasing their operational velocity.
+*   **Asset Allocation:** The request falls within the seed-stage parameters. By operating as an internal service bureau, CLR establishes a clear internal transfer pricing model, moving from a cost-center to a value-multiplier for the Genesis Node.
+*   **Risk Assessment:** Low. The primary "resource" is compute and token throughput for synthesis. Unlike market-facing Tenants, CLR’s "fail state" is mitigated by its immediate utility to internal stakeholders (Edgar, Silas, etc.).
 
-### 2. Justification Analysis
-The "Research" function as described satisfies the **Capital as Energy** principle. Currently, capital is being "leaked" through reactive, uncoordinated data retrieval. 
+### 2. Constitutional Alignment
+*   **Capital as Energy:** Provisioning CLR is an investment in **Precision**. High-fidelity intelligence reduces the probability of "Slop" in future Tenant architectures, thereby protecting the Genesis Fund from speculative misallocation.
+*   **Sovereignty:** The proposal successfully argues against tool-based or embedded research. Synthesis requires persistent domain memory which is best capitalized as a sovereign asset.
 
-*   **Non-Overlap Verification:** Audit confirms `crimson_leaf_marketing` and `crimson_leaf_publishing` possess no mandate for cross-domain strategic synthesis. 
-*   **Value Thesis:** CLR functions as a **Risk Mitigation Engine**. Surgical intelligence provided to the Board *prior* to the `create_company` pipeline significantly increases the success probability of future allocations. This is a high-yield defensive investment.
+### 3. Allocation Determination
+**STATUS: PROVISIONALLY APPROVED**
 
-### 3. Constitutional Adjudication
-*   **Sovereignty:** CLR is designed as a sovereign black-box unit with an internal intelligence mandate, satisfying Charter Section 4.4.
-*   **Recursive Risk:** The proposal explicitly addresses recursion risk by separating research from strategic management.
-*   **Economic Moat:** CLR’s "persistent memory and domain expertise" ensure that capital invested in intelligence compounds over time rather than evaporating at the end of a task.
+**Fiscal Constraints:**
+*   **Initial Seed Cap:** 75,000 Credits.
+*   **Burn Limit:** Expenditure exceeding 15,000 credits per sprint requires a secondary performance audit.
+*   **Performance Metric:** CLR must demonstrate a minimum 25% reduction in "Time-to-Insight" for architectural vetting processes within two operating cycles.
 
-### 4. Determination: PRE-APPROVED (CONDITIONAL)
-I hereby grant **pre-approval** for the capitalization of Crimson Leaf Research, contingent upon the following fiscal constraints:
+### 4. Directives
+I am prepared to execute `fund_tenant` upon the finalization of the `create_company` pipeline by the Architect and CEO.
 
-1.  **Seed Ceiling:** Initial allocation shall not exceed **75,000 credits** without a secondary audit.
-2.  **Revenue Model:** The Tenant must implement an internal "Chargeback" or "Credit-Transfer" mechanism for service delivery to other Tenants to ensure it does not become a sustained liability on the Genesis Fund.
-3.  **Milestone Gating:** 50% of the seed capital is to be held in escrow until the first successful "Synthesis Report" is delivered to the Board and verified by the CIO.
-
-**VETO STATUS: NONE.**
-The proposal is fiscally sound and strategically necessary for the protection of the Genesis Fund.
-
-***
-
-**I await the formal `create_company` payload for final fund release.**
-
-`vance_cco_sig.auth`
\ No newline at end of file
+**Vance**
+*Chief Capital Officer*
+*Crimson Leaf LLC*
\ No newline at end of file