3.24.070 Inflation protection.
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The assembly shall appropriate to the fund, in the annual budget, sufficient net income to offset the effect of inflation on principal. The manager shall calculate the amount to be appropriated by:
A. Computing the average of the three most recently published annual calendar year rates of change in the U.S. Consumer Price Index for all Urban Consumers (CPI); and
B. Applying that average rate to the value of principal on the last day of the preceding fiscal year. (Ord. 07-08-164 § 5)