INDUSTRY PERSPECTIVE MANAGING DEFICITS AND SURPLUSES BY NENA GROSKIND L ike the drafting of laws, the creation of condominium association budgets can have much in common with the production of sausage. Budgets, like laws, are often messy to produce, they don't always turn out as expected, and they may have to be adjusted after they've been approved. Unanticipated expenses can create a shortfall; expense levels set too high can leave a surplus-less common than shortfalls, to be sure, but also difficult to manage. We asked two industry veterans to explain the strategies they recommend for dealing with both. 50 CONDOMEDIA