1. (a) The Department shall update the amounts of the cost elements by the California Consumer Price Index (CPI) as follows:

   1. (1) Identify the amount for the reporting period (ARP);
   2. (2) Determine the mid-point of the reporting period used for the cost study;
   3. (3) Determine the mid-point of the target fiscal year;
   4. (4) Obtain the historical and projected California CPI for subsections (2) and (3) above;

   5. (5) Update each amount using the following formula:

      UPDATED COST

      =

      CPI for mid-point of target fiscal year x ARP in (1) above

      CPI for mid-point of reporting period

Note: Authority cited: Section 4681.1, Welfare and Institutions Code. Reference: Section 4681.1, Welfare and Institutions Code.

History

1. New section filed 1-14-91; operative 2-13-91 (Register 91, No. 14).

2. Change without regulatory effect amending subsection (a)(4) filed 6-19-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 25).