Sec. 128.308. - Participant retained earnings.

(a) For each Participant, for the fiscal year beginning October 1, 2018 and for all following fiscal years, a Participant Retained Earnings account shall be established. (b) Following the close of each fiscal year, the Risk Manager shall calculate the Participant's Retained Earnings Adjustment Amount. The Retained Earnings Adjustment Amount shall be the net difference of Participant's Actual Revenue Amount and the Participant's Actual Expense Amount. (c) If the Retained Earnings Adjustment Amount for a Participant is positive, that amount shall be added to the Participant's Retained Earnings account. (d) If the Retained Earnings Adjustment Amount for a Participant is negative, that amount shall be subtracted from the Participant's Retained Earnings account. (e) If following the adjustment, the Participant's Retained Earnings are negative, then that Participant shall be subject to Assessment, as outlined in Section 128.309 . (f) If following the adjustment, the Participant's Retained Earnings are greater than the Retained Earnings Threshold, then that Participant shall be entitled to a Dividend, as outlined in Section 128.311 . (Ord. 2018-380-E , § 2)