Though it may seem overwhelming or confusing, it’s not something to be quickly gazed over. If members of the board don’t understand how to read the balance sheet, you run the risk of accidentally spending more than is allotted for a specific budget period. It can also be a tool for examining your associations reserve funds and anticipating those needs. This basic guide will help you know how to effectively read your balance sheet so that you can gauge the overall financial health of your association.      Read the article…………………