b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM MANAGEMENTS DISCUSSION AND ANALYSIS (Unaudited) FINANCIAL ANALYSIS Pension Plan Fiduciary Net Position A summary of the Pension Plans net position and changes in net position is presented below: Condensed Statement of Fiduciary Net Position($ in Thousands)2024 2023 Change % ChangeCash $6,212 $ 7,166 $ (954) -13.3%Receivables/Prepayments 741,606650,50391,103 14.0%Investments 29,397,42927,793,2371,604,192 5.8%Capital Assets 18,410 19,727 (1,317) -6.7%Total Assets 30,163,657 28,470,6331,693,024 5.9%Liabilities 2,015,385 2,032,867 (17,482) -0.9%Deferred Inflows of Resources 226240) -51.5%466 (Net Position $ 28,148,046 $ 26,437,300 $1,710,746 6.5%Net position increased by $1.71 billion, or 6.5%, to $28.15 billion from fiscal year 2023. Total assets increased in value by $1.69 billion, or 5.9%, when compared with the prior fiscal year 2023, attributable to appreciation of investments due to favorable market conditions.Condensed Statement of Fiduciary Net Position($ in Thousands)2023 2022 Change % ChangeAs restatedCash $ 7,166 $ 6,107 $1,059 17.3%Receivables/Prepayments(1) 650,503 508,299142,204 28.0%Investments 27,793,23726,587,118 1,206,119 4.5%Capital Assets19,727 20,853(1,126) -5.4%Total Assets 28,470,63327,122,377 1,348,256 5.0%Liabilities 2,032,8671,863,350169,517 9.1%Deferred Inflows of Resources(1) 466 489 -4.7%(23)Net Position $26,437,300 $ 25,258,538 $ 1,178,762 4.7%(1) Receivables and deferred inflows of resources were restated in the fiscal year 2022 as a result of GASBStatement No. 87-Leases implementation.Net position increased by $1.18 billion, or 4.7%, to $26.44 billion from fiscal year 2022. Total assets increased in value by $1.35 billion, or 5.0%, when compared with the prior fiscal year 2022, attributable to appreciation of investments due to favorable market conditions. 6 SECTION 2 Financials 23'