Cal. Code Regs. tit. 17 § 56915

Current through Register 2024 Notice Reg. No. 36, September 6, 2024

Section 56915 - Cost Data Update Methodology

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

(1) Identify the amount for the reporting period (ARP);

(2) Determine the mid-point of the reporting period used for the cost study;

(3) Determine the mid-point of the target fiscal year;

(4) Obtain the historical and projected California CPI for subsections (2) and (3) above;

(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

Cal. Code Regs. Tit. 17, § 56915

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).

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