Time for a quick and dirty lesson on condo association finances. There are three things that are the core of condo finances: income, operating expenses, and reserves. The goal of every condo is to have income exceeding expenses and reserves, but not by too much, or you’re overcharging the owners. On the other hand, if you run too much of a deficit, you’re likely underfunding reserves, which means your association won’t have the money to pay for key big-ticket items, like fire systems and roofs.   Read the article…………………………