BUDGET UPDATE

The total budget for the project is $50,000, which includes the cost of materials, labor, and other expenses. As of the end of the current reporting period, the following expenses have been incurred:

• Materials: $500
• Labor: $500
• Equipment and Supplies: $2,000

Total Expenses: $2,000

The remaining budget for the project is $2,000. The funds will be allocated as follows:

• Shelving and Seating: $1,000
• Computer and printer: $1,000