The trustee shall value the trust and all accounts under the plan at least once per year at the end of each plan year. The valuation shall be made in accordance with all applicable laws, shall be based on the fair market value of the assets held under the trust, and shall take into account all contributions, distributions, gains and losses, appreciation and depreciation of assets held under the trust and expenses charged to the trust. (Ord. 6837-NS § 1 (part), 2005)