Responsibly managing a condominium corporation’s funds is a crucial part of a board member’s fiduciary duty; however, the task can be too overwhelming for one person to handle. While a board treasurer takes the lead on preparing an annual budget, it’s the responsibility of the entire board to keep it balanced. A budgetary shortfall can put a financial burden on the corporation and lead to increased dues, special assessments, and overall discontent in the community.   Read the entire article……………………………….