Info Bytes 07.21.22

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CIC Info Bytes are frequent, succinct updates that provide educational and engagement opportunities to help your community thrive!

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The Latest

2022 Reserve Survey


As always, YOUR participation is key! Please grab your favorite beverage, get comfy and relax your way into this ~15 minute survey.

Full results will be published the first week of August. View results from 2021

We’ve kept our focus on investing as budget-busting inflation continues at home and across the globe.

Are your reserve funds earning a respectable return?

    • 3 Month T-Bills yielding 2.66% (!)

    • If you’re locking up funds more than 3 months at a time, you’re betting against the Fed.

A look at this week’s rates… (as of Tuesday, July 19)

      • N.B. The FOMC is poised to raise the overnight lending rate another 75bps (that’s 0.75%).

Fidelity Fixed Income, Bonds & CDs Page

>>> N.B. Yield curve inversion:

The 10yr US Treasury Note yields 3.01% (LESS than 9 month to 5yr Bills & Notes)

WSJ - Weekly Earnings Change from a Year Earlier

Want to know why your employees are asking for a raise? Inflation is outpacing wage growth.

WSJ Inflation Tracker

Have you seen the WSJ Inflation Tracker? It's interactive!

Governance Matters

  • Arbitrary and Capricious Approvals

    • In Schwindt v. Omar, the California Court of Appeals (fourth district, division three) found a Board’s arbitrary and capricious decision to allow one owner to alter their property does not bind the court to a remedy involving removal of the alteration.

  • While the barn remained intact, the Warriner’s were left to reimburse their association’s $25,000 legal fees.

Discussion Highlights

Rogue Tea Party?!
  • Rogue Tea Party?!

    • Does your CIC use a portion of your annual budget for discretionary purposes like member engagement?

    • Perhaps you have a community engagement committee? What about a rogue Board President?!

Resource Updates

We’ve added two completely new resources this week.

>>> Everything is free to view online!

>>> Subscribers: feel free to download new and updated resource material from your ZIP folder access.

Collections Page

    • We’re pleased to deploy this new page addressing collections. Aside from the FDCPA, collections, foreclosures and liens rely on state-statute specifics, so much of this content focuses on Washington.

    • Does your CIC have a collection policy?

Washington State CIC Database

    • This searchable database has been scrubbed to deliver what we believe is the best set of common interest community data for Washington State.

      • PAGE 1: Search by association name - AND / OR - registered agent

      • PAGE 2: View the property count for multiple management firms

CIC State Statute Project

+++ Have a question that you'd like to ask directly to your peers? Ask YOUR listserv! +++

Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors

A Note About Ukraine

The people of Ukraine are undergoing tremendous displacement from their homes coupled with loss of life, tragedy and suffering. Considering the global landscape can help us gain perspective in our daily lives.

Support Ukraine
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