We must be sure that you are aware of the financial commitment and responsibilities related to owning a companion animal. Yearly expenses will likely be more, and often much more, than $500...for food, routine veterinary exams, vaccinations, licensing, heartworm medication (dogs), flea and tick control, and supplies (collars, leashes, cat carriers, beds, toys, etc.), and that amount doesn't include unforeseen medical care provided by your veterinarian or potential visits to an emergency clinic.
Please be certain that you are able and willing to accept these responsibilities before submitting your application.