b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM MANAGEMENTS DISCUSSION AND ANALYSIS (Unaudited) Health Subsidy Plan (Continued) Fiduciary Net Position (Continued) Condensed Statement of Fiduciary Net Position($ in Thousands)2024 2023 Change % ChangeCash $ 715 $800 $ (85) -10.6% Receivables/Prepayments(1)98,852 85,11113,741 16.1%Investments3,382,072 3,103,806 278,266 9.0%Capital Assets 2,118 2,203 (85) -3.9%Total Assets3,483,757 3,191,920 291,837 9.1%Liabilities 231,890225,0536,837 3.0%Deferred Inflows of Resources(1) 2652 (26) -50.0%Net Position $3,251,841 $ 2,966,815 $285,026 9.6%Net position increased by $285.03 million, or 9.6%, to $ 3.25 billion from fiscal year 2023.Total assets increased in value by $ 291.84 million, or 9.1%, when compared with the prior fiscal year 2023, primarily attributable to appreciation of investments due to favorable market conditions.11 26 LAFPP ANNUAL REPORT 2025'