What does this mean

a$.$ You need to prepare a budget report in the form of a breakeven$*$ income statement in Excel, with separate columns for the each of the next two semesters $($Fall $2024$ and Spring $2025)$ and a total column.

$*$Break$-$even for this project refers to a balanced budget, where sources equal expenses., not a break$-$even analysis.

b$.$ Assume that you will be attending full$-$time even if you are graduating or transferring, so you might have to extrapolate some of your numbers if you are not currently a full$-$time student.

c$.$ Instead of revenue and expenses, you will have funding and expenses as the two major sections, and your funding must equal your expenses. If you have excess funding, reduce your nonfinancial aid sources first and then your loans if necessary to make your funding totals equal your expenses.

d$.$ Estimates are okay for items that you do not have a firm number for. You must document your assumptions $($for example if you live with your parents and don't pay board, then you would state that in your assumptions footnotes for lodging.$)$

Assumptions are an important part of your budget. The assumptions will be footnotes to your budget and need to be isted for each line item of your budget explaining what the basis