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(a) Annual Baseline Contributions to the Fund. Each year during the term of Charter Section 16.128-1et seq., the City shall make an annual baseline contribution to the Fund in the amount of $38 million, representing the amount the City spent in fiscal year 2016-2017 to provide eligible services as identified in Section 16.128-4 to Seniors and Adults with Disabilities.
(b) Additional Contributions for FY 2017-2018 through FY 2026-2027. For fiscal year 2017-2018, the City shall increase its contribution to the Fund over the baseline amount in subsection (a) by $6 million. For each fiscal year from 2018-2019 through 2026-2027, the City shall increase its additional contribution to the Fund under this subsection (b) by $3 million over the prior year.
(c) Projected Budget Deficits. Notwithstanding the provisions of subsection (b), the City may freeze the City’s annual contribution to the Fund for any fiscal year 2017-2018 through 2026-2027 at the then-current amount when the City’s projected budget deficit for the upcoming fiscal year at the time of the Joint Report or Update to the Five Year Financial Plan as prepared jointly by the Controller, the Mayor’s Budget Director, and the Board of Supervisors’ Budget Analyst exceeds $200 million, adjusted annually beginning with fiscal year 2017-2018 by the percentage increase or decrease in aggregate City discretionary revenues, as determined by the Controller, based on calculations consistent from year to year. In determining aggregate City discretionary revenues, the Controller shall only include revenues received by the City that are unrestricted and may be used at the option of the Mayor and the Board of Supervisors for any lawful City purpose.
(d) Additional Contributions for FY 2027-2028 through FY 2036-2037. For fiscal years 2027-28 through 2036-2037, the City’s annual contribution to the Fund shall equal its total contribution, including the baseline amount under subsection (a), for the prior year, beginning with Fiscal Year 2026-2027, adjusted by the percentage increase or decrease in aggregate City discretionary revenues, as determined by the Controller, based on calculations consistent from year to year. For purposes of this subsection (d), the “additional contribution” for these years shall mean the amount in excess of the baseline amount.
(e) The City may in any year contribute more to the Fund than the amounts required under subsections (a) through (d), but those increases shall not alter or affect the amounts of the City’s required contributions for subsequent years.
(f) The Controller shall maintain the Fund separate and apart from all other City funds. Any amount in the Fund unspent or uncommitted at the end of the fiscal year shall be carried forward to the next fiscal year and, subject to the budgetary and fiscal limitations of this Charter, shall be appropriated then or thereafter for the services and purposes specified in Section 16.128-4.
(Added by Proposition I, Approved 11/8/2016)