PROPOSED BUDGET -- SPECIAL PROJECT
This report outlines the estimated costs for carrying out the
special project.  Due to the nature of the project, general
expenses are projected to increase 14% monthly.   Performance
reviews to be conducted this spring will increase salary
expenditures 15% in April.  
The monthly increases in expenses do not include my travel costs;
those will be paid for out of the department's travel budget, as
we discussed.  Next week I will submit a report on the profit
possibilities for the project, covering worst case, best case,
and what we actually expect given the information we have to
date.  I will submit updates to this report each month as the
project progresses. 
By the end of April we should have a good idea whether or not
this project will result in a profitible venture.  If the
possibilities don't look good at that point, we can cut the
project short.
Summary