The Board of Directors of Michael’s Condominium approved a budget for 2016 for $125,000. The budget included installing a gym for $20,000. Last year’s budget was $95,000. Which of the following statements is true?
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The Board of Directors of Michael’s Condominium approved a budget for 2016 for $125,000. The budget included installing a gym for $20,000. Last year’s budget was $95,000. Which of the following statements is true?