b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM STATEMENTS OF FIDUCIARY NET POSITION AS OF JUNE 30, 2025 (WITH COMPARATIVE TOTALS AS OF JUNE 30, 2024) Pension Health Subsidy 2025 2024Total 401(h) 115 Trust Total Combined CombinedAs RestatedASSETSCash $723,411 $ 71,031 $ 1 4,426 $ 8 5,457 $808,868 $6 ,926,807 ReceivablesAccrued Interest and Dividends1 31,098,85212,872,448 2,614,42915,486,877 146,585,729 121,696,442 Contributions6,904,140 - - -6 ,904,1406,045,754Due from Brokers5 54,204,500 5 4,416,71311,052,18365,468,896619,673,396 698,216,333Others- - - 271,465Total Receivables 692,207,492 6 7,289,16113,666,61280,955,773 773,163,265 826,229,994 Prepaid benefits - - 13,487,38213,487,3821 4,228,04113,487,382Investments at Fair ValueTemporary 929,908,136 9 1,306,628 18,544,625 109,851,253 1,039,759,389 1,226,527,294 U.S. Government Obligations3 ,143,612,659 308,667,77262,691,264 371,359,0363,514,971,695 3,084,162,284 Domestic Corporate Bonds3 ,397,310,6703 33,578,09367,750,618 401,328,711 3,798,639,381 3,562,374,304 Foreign Bonds2 27,091,938 2 2,297,901 4,528,76426,826,665 253,918,603189,608,356 Domestic Stocks10,565,481,795 1,037,412,710 210,701,343 1 ,248,114,053 1 1,813,595,84811,001,708,931 Foreign Stocks5 ,251,896,5175 15,677,780104,735,560620,413,340 5,872,309,8575,157,313,225Real Estate1 ,744,825,5261 71,322,44634,796,055 206,118,501 1,950,944,0271,739,878,203Alternative Investments5 ,751,201,124 564,703,935 114,692,905679,396,840 6,430,597,964 5,959,526,484 Total Investments31,011,328,3653,044,967,265618,441,134 3 ,663,408,39934,674,736,764 3 1,921,099,081 Capital Assets16,946,1321,663,922 337,9472 ,001,869 18,948,001 20,527,540Securities Lending Collateral 897,881,307 8 8,161,95017,905,932 106,067,882 1,003,949,189 858,403,074TOTAL ASSETS 32,619,086,7073,215,640,711650,366,051 3 ,866,006,762 3 6,485,093,469 3 3,647,414,537LIABILITIESAccounts Payable and AccruedExpenses 12,641,6811,241,272252,1061 ,493,37814,135,0591 3,357,832 Compensated absences Liability 4 ,413,512 433,3588 8,016 521,374 4,934,8864,593,304Benefits in Process of Payment 14,026,198 1,376,926 -15,403,1241 1,715,0431,376,926 Due to Brokers 1,012,962,01099,461,594 20,200,920 119,662,5141,132,624,524 1,190,099,334Mortgage Payable1 81,927,395 1 7,863,2453,628,074 21,491,319 203,418,714173,673,622 Security Deposit 23,8772 ,34447626,69726,6972,820Securities Lending Collateral8 97,881,30788,161,95017,905,932 106,067,882 1,003,949,189858,403,074 TOTAL LIABILITIES2 ,123,875,9802 08,540,68942,075,524 250,616,213 2,374,492,193 2,251,868,906 DEFERRED INFLOWS OF RESOURCE- - - 251,705 NET POSITION IN TRUST FORPENSION AND OTHER POST-EMPLOYMENT BENEFITS $30,495,210,727 $3,007,100,022 $608,290,527 $3,615,390,549 $34,110,601,276 $ 3 1,395,293,926 The accompanying notes are an integral part of these financial statements. 15 30 LAFPP ANNUAL REPORT 2025'