Beginning with calendar year 2008, each member of the Council is paid as compensation the sum of $51.00 for each meeting of the Council which he or she attends, plus the sum of $584.00 for each calendar quarter. Each calendar year, the compensation amount is increased by a percentage equal to the increase in the Consumer Price Index (CPI) for the calendar year immediately preceding the increase in compensation. Meeting pay is rounded up to the closest one dollar ($1.00). Quarterly pay is rounded to the closest ten dollars ($10.00). If there is no increase in the CPI in a given year, then the Council compensation shall remain the same in the subsequent year.
(Code of Iowa, Sec. 372.13[8])