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As a landlord or tenant, dealing with legal issues related to rental properties can be complex and overwhelming. From lease agreements to eviction proceedings, having a skilled landlord-tenant attorney by your side can make all the difference. This post will explore the importance of hiring a skilled landlord-tenant attorney and how Peterson Law, PLLC, led by Attorney Bryn Peterson, can provide valuable legal assistance in landlord-tenant matters.

Knowledge of Landlord-Tenant Laws: Benefit from Legal Guidance

Landlord-tenant laws can vary from state to state and can be complex to navigate. Hiring a skilled landlord-tenant attorney like those at Peterson Law, PLLC, who is knowledgeable in the specific laws and regulations of your state, can be invaluable. They can provide legal advice and guidance on matters such as lease agreements, security deposits, property maintenance, and eviction proceedings. Having a legal professional by your side can help you understand your rights and obligations and ensure that you are in compliance with the applicable laws.

Protection of Legal Rights: Safeguard Your Interests

Whether you are a landlord or a tenant, it is crucial to protect your legal rights in any rental dispute or legal matter. A skilled landlord-tenant attorney can advocate for your interests and protect your rights throughout the legal process. They can help you understand your legal options, negotiate on your behalf, and represent you in court if necessary. Peterson Law, PLLC, led by Attorney Bryn Peterson, is committed to protecting the legal rights of its clients and providing effective legal representation in landlord-tenant matters.

Cost-Effective Solutions: Avoid Legal Pitfalls

While hiring a landlord-tenant attorney may seem like an additional expense, it can save you money. A skilled attorney can help you avoid costly legal pitfalls by providing proactive legal advice and finding cost-effective solutions to resolve disputes. They can review lease agreements, assess potential legal risks, and help you make informed decisions to protect your financial interests. Peterson Law, PLLC, led by Attorney Bryn Peterson, is dedicated to finding practical and cost-effective solutions for their clients in landlord-tenant matters.

Peace of Mind: Have Confidence in Your Legal Representation

Dealing with legal issues as a landlord or tenant can be stressful and overwhelming. Hiring a skilled landlord-tenant attorney can provide you with peace of mind, knowing you have competent legal representation. You can rely on their experience and knowledge of the law to navigate complex legal matters with confidence. Peterson Law, PLLC, led by Attorney Bryn Peterson, strives to provide its clients with peace of mind by delivering high-quality legal services and personalized attention to their landlord-tenant cases.

The Help You Need

Hiring a skilled landlord-tenant attorney is crucial for protecting your legal rights, navigating complex legal matters, and finding cost-effective solutions. Peterson Law, PLLC, led by Attorney Bryn Peterson, can provide you with the legal assistance needed in landlord-tenant matters. With their knowledge of landlord-tenant laws, commitment to protecting legal rights, focus on cost-effective solutions, and dedication to providing peace of mind to their clients, Peterson Law, PLLC, is a reliable choice for all your landlord-tenant legal needs. Call (425) 201-5634 or use the online contact form to schedule a free consultation and learn more about their services and how they can assist you with landlord-tenant matters.

Peterson Law, PLLC, serves Bellevue, Mercer Island, Renton, Seattle, and the surrounding Washington communities.

First and foremost, I would like to publicly recognize WSBA Advancement Department Director Kevin Plachy for serving as the interim Executive Leadership Team liaison to the Budget and Audit Committee for most of this fiscal year. Director Plachy not only kept the WSBA’s fiscal ship afloat, but he has helped us make the ship more seaworthy. He has been a pleasure to work with and made my job easier. I would also be remiss if I did not thank former Budget and Finance Manager Liz Wick and Interim Director of Finance Maggie Yu for all the great work they did to support Director Plachy and the Budget and Audit Committee. It is also important to mention that the WSBA just hired a new director of finance, Tiffany Lynch, and we are very excited to have her join the WSBA—again! Lynch is a licensed Certified Public Accountant and previously worked for the WSBA as controller and associate director of finance. Before returning to the WSBA, Lynch served in an executive leadership role at a nonprofit as chief finance and operations officer, overseeing finance, human resources, information technology, and facilities.

As we come to the end of FY 2022 it is important to look back at the challenges and accomplishments over the course of the fiscal year. Over this last year we held our first ever full-day Budget and Audit Committee retreat to ensure that everyone on the Budget and Audit Committee understood the basics of WSBA finances and budgeting. In addition, a fiscal policy subcommittee recommended substantial revisions to the WSBA Fiscal Policies; these recommended revisions have been forwarded to the WSBA Board of Governors for its review and approval. The investment subcommittee has made progress to determine ways to invest WSBA reserve funds in a safe and prudent manner, while also earning a reasonable return. We continue to try to sublease some of the WSBA’s downtown office space, but the supply and demand make this a challenging endeavor. If you know anyone who would like office space in downtown Seattle, please tell us!

One of the things that I have been most proud of this last year is that members of the Budget and Audit Committee have done an excellent job of expressing their views and opinions in a respectful manner. I have encouraged diverse and differing opinions, while asking that we disagree with each other in a respectful manner.
This is in line with the Budget and Audit Committee’s motto of “Do good and have fun.” All the Budget and Audit Committee members have contributed something of significance to the betterment of the whole and I would like to thank them for their hard work over this last year: Governor Francis Adewale, President-Elect Dan Clark, Governor Matthew Dresden, Governor Carla Higginson, Governor Alec Stephens, Governor Brett Purtzer, and Governor Tom McBride.

Through June 2021 (the latest final financial figures available at the time of this column’s publication), the WSBA is operating favorable to budget. In the original FY 22 budget we anticipated an approximate $89,000 loss to the general fund, which would have come out of the reserves. The latest forecast indicates that the WSBA should end FY 22 in September with a net gain of approximately $400,000. If so, the WSBA will start the new fiscal year with an estimated $7.4 million in total reserves, which includes $1.05 million in our facilities reserve fund, and $1.5 million in a restricted operating reserve fund. Overall, we have performed better than projected this fiscal year, because of increased revenues and cost savings from remote meetings and events, which have continued under COVID-19 restrictions.

The Budget and Audit Committee is in the process of reviewing the FY 23 budget. The committee had two meetings in July, and the FY 23 budget was also submitted to the WSBA Board of Governors for its review and comment at the July Board of Governors meeting. The Board of Governors gave the Budget and Audit Committee several comments and recommendations which the committee is taking into account. The Budget and Audit Committee will have another meeting in August where we will continue to work with WSBA staff to finalize the FY 23 budget and send it to the Board of Governors for its final review and approval.

Another piece of good news is that license fees for all license types will not increase for the 2023 license year. Additionally, the Budget and Audit Committee recommended that license fees for WSBA members remain the same for the 2024 licensing year and that we lower the Client Protection Fund’s fees by $5 for the 2024 license year. The recommendation for 2024 license fees still must be reviewed and approved by the Board of Governors and the Washington Supreme Court. If this recommendation is approved, the net result will be that WSBA members will pay $5 less in the 2024 license year. As an attorney who pays for my own WSBA license fee every year, this makes me happy and hopefully it makes some of you happy as well.

This is my last Treasurer’s Report, as I pass the torch to newly elected Treasurer Francis Adewale (District 5 governor). I have no doubt that Treasurer Adewale will do a great job in this role.

If you would like more information about the meeting times and materials for the WSBA Budget and Audit Committee, please go to our website at: www.wsba.org/connect-serve/committees-board-other-groups/budget-audit.

In addition, you can find our annual report and the monthly financial information for the WSBA at: www.wsba.org/connect-serve/committees-boards-other-groups/budget-audit.

With summer upon us and while we are all enjoying the best weather of the year, it is time for the Budget and Audit Committee to get to work and prepare the 2023 fiscal year (FY 23) budget for the full Board of Governors to review and approve. The budget for FY 23 starts with the WSBA staff doing the heavy lift and preparing it for review by the Budget and Audit Committee. The Budget and Audit Committee will use its July and August meetings to review and comment on the FY 23 budget. Once the Budget and Audit Committee and WSBA staff have finalized the FY 23 budget, the Board of Governors will first consider said budget in late summer and will approve the final version of the FY 23 budget at the September Board of Governors meeting.

This time of year is always very busy for the Budget and Audit Committee and gives us the opportunity and pleasure to work with WSBA staff to prepare the FY 23 budget for the Board of Governors’ review and approval. While this process is very interesting, it is also challenging, because the WSBA, much like a retired person, is on a fixed budget and the consumer price index (CPI) continues to increase along with the cost of doing business. The need to meet the mission of the WSBA is balanced with the challenge of keeping member license fees flat. The WSBA mission states:

“The mission of the Washington State Bar Association is to serve the public and the members of the Bar, to ensure the integrity of the legal profession, and to champion justice.”

So how do we take our limited and fixed income and serve the public, the members, ensure the integrity of the legal profession, champion justice, deal with an increased CPI and the cost to do business, while keeping the members’ license fees flat? For the last few years, we have been able to pull off this daunting feat and I believe that we can pull it off again this year.

I am also happy to report that we have made amazing progress on revising and updating all of our fiscal policies through the diligent effort of Governor Francis Adewale and Advancement Department Director Kevin Plachy. This is a thankless and a time-consuming project and Governor Adewale and Director Plachy have done a tremendous job. It has been a while since the WSBA has comprehensively revised its fiscal policies and we are overdue to have this revision completed. It is very important to keep our fiscal policies up to date. This current iteration was done with an eye toward making our policies more workable for volunteers who contribute their valuable time to the furtherance of the WSBA mission.

We have closed the books through April—more than halfway through the fiscal year, which runs October through September—with a net increase to the unrestricted General Fund of $1,700,586. Our original FY 22 budget called for $89,563 in reserve spending by year’s end, which means we are actually at a $1,790,149 YTD positive variance from that projection. We will have several expenses in the remaining months, which we anticipate will lower the overall ending fund balance for FY 22, but we will continue to monitor this and update you accordingly.

I hope that you are all able to enjoy the wonderful weather here in the Pacific Northwest as we enter into the summer season! It has been and continues to be a pleasure to be your treasurer for this fiscal year. Please contact me if you have any questions or concerns regarding the WSBA budget.

If you would like more information about the meeting times and materials for the WSBA Budget and Audit Committee, please visit http://www.wsba.org/connect-serve/committees-boards-other-groups/budget-audit. In addition, you can find our annual report and the monthly financial information for the WSBA at www.wsba.org/connect-serve/committees-boards-other-groups/budget-audit.

It feels good to now have the final numbers for FY 21 and to be able to start looking forward to FY 22. Before moving forward to discuss FY 22, let’s look back at FY 21.

For FY 21, WSBA revenue was $23,691,045 and FY 21 WSBA expenses were $22,106,482. The ending fund balances for FY 21 (Oct. 1, 2020 through Sept. 30, 2021) are as follows:

• General Fund. For FY 21, the WSBA General Fund balance ended at $7,076,440, or $1,548,206 over the FY 20 ending balance of $5,528,234.
• Client Protection Fund. For FY 21, the Client Protection Fund balance ended at $4,046,283, or $146,847 below the FY 20 ending balance of $4,193,130.
• CLE Fund. For FY 21, the CLE Fund balance ended at $635,784, or $166,500 above the FY 20 ending balance of $469,241.
• Section Fund. For FY 21, the Section Fund balance ended at $1,406,760, or $196,551 above the FY 20 ending balance of $1,210,209.

LOOKING FORWARD TO FY 22
In October we had our first Budget and Audit Committee meeting to look forward to the FY 23 budget process. Our Budget and Audit Committee meeting started with a discussion of what went well as to the FY 22 budget and what can potentially be done better as to the FY 23 budget. This is my third year on the Budget and Audit Committee, and I can assure you that we are always looking for ways to improve the WSBA budget process. The Budget and Audit Committee is committed to continuous improvement for the benefit of WSBA members.

In the spirit of continuous improvement, we had several governors volunteer their time on several exciting Budget and Audit Committee projects. I would like to thank Governor Francis Adewale for volunteering his time to work with WSBA CFO Jorge Perez to review and revise the WSBA fiscal policies. While our WSBA fiscal policies are currently in a good place, this project will further improve them for the benefit of the WSBA and its members.

I would also like to thank Governor Alec Stephens for volunteering his time to work with CFO Perez to look for ways to improve the budget process for FY 23. During the latter part of each year, the budgeting process becomes very time intensive for CFO Perez, his team, and the Budget and Audit Committee. While this is generally the way it works for organizations and businesses, it is great to be looking at this process with an eye for improvement. Governor Stephens and CFO Perez will review the budgeting process to determine if there is a way to tackle some of the budgeting processes earlier in the year to hopefully decrease the workload on CFO Perez, his team, and the Budget and Audit Committee later in the year.

Last but not least, I would like to thank Governor Dan Clark and Governor Brett Purtzer for volunteering their time to work with CFO Perez to examine our current investment strategy and determine if there is a better way to invest our cash reserve. Governors Clark and Purtzer will also monitor and keep the Budget and Audit Committee updated on the efforts to sublease part of the WSBA office space in an effort to decrease our per-month lease rent amount. These two projects are very exciting to me because they give us the opportunity to grow our investments and cut our expenses, which would be a win for WSBA members and the organization! The Budget and Audit Committee is already a huge time commitment for all of its members, so I am especially grateful to these governors for their willingness to spend even more of their time on these very important tasks.

In closing, please know that we continue to rigorously analyze how to operate as efficiently as possible while maintaining essential member supports and services, and also to look at all areas of the budget to increase revenue opportunities and improve overall efficient use of our license fee revenue and other revenue for the WSBA. It continues to be an honor to serve as WSBA treasurer. Please let me know if you have any comments or questions. Member feedback is always important to me and the Budget and Audit Committee.