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Library Trust Fund Indexing Policy <br />It is the policy of the City of Paris Library Board that the <br />principal of all trust funds be indexed for the effects of <br />inflation. Specifically, it shall be required that: <br />1. The principal of all trust fund investments shall be <br />increased by an amount equal to the increase in the Consumer <br />Price Index. Such increase shall be made at the time the <br />investment matures or is sold. The basis for increase shall <br />be the change in the Consumer Price Index from the point of <br />investment or point of last adjustment (which ever is the <br />most recent date) to the point of maturity of sale. <br />2. The money to increase the principal shall come from interest <br />earned by the investment. In the event that the inflation <br />rate exceeds the investment rate, the principal shall be <br />increased to the extent possible based on interest earned. <br />Policv Adopted March 21. 1990 <br />