diff --git a/templates/navigation/workspace_navigation.html b/templates/navigation/workspace_navigation.html
index fd767205..83c515c9 100644
--- a/templates/navigation/workspace_navigation.html
+++ b/templates/navigation/workspace_navigation.html
@@ -31,7 +31,7 @@
     ) }}
 
     {{ SidenavItem(
-      "Funding & Reports",
+      "Budget Report",
       href=url_for("workspaces.workspace_reports", workspace_id=workspace.id),
       active=request.url_rule.rule.startswith('/workspaces/<workspace_id>/reports')
     ) }}
diff --git a/templates/workspaces/reports/index.html b/templates/workspaces/reports/index.html
index 18198ea5..ec4af7e9 100644
--- a/templates/workspaces/reports/index.html
+++ b/templates/workspaces/reports/index.html
@@ -6,11 +6,11 @@
 
 {% block workspace_content %}
 
-  {{ Alert("Funding Information & Reports for Workspace " + workspace.name,
-    message="<p>On this screen you'll find detailed reporting information on this workspace. This message needs to be written better and be dismissable.</p>",
+  {{ Alert("Budget Report for Workspace " + workspace.name,
+    message="<p>Track your monthly and cumulative expenditures for your workspace, projects, and environments below.</p>\
+      <p>Please note that the projected spend is based on the <em>average expense over the last three completed months</em> and therefore does not account for future changes that might be made in scale or configuration of your cloud services.</p>",
     actions=[
-      {"label": "Learn More", "href": "/", "icon": "info"},
-      {"label": "Dismiss", "href": "/"}
+      {"label": "Learn More", "href": "/", "icon": "info"}
     ]  ) }}
 
   <div class='funding-summary-row'>