b'Jim Donaway PhotoDEPARTMENT BUDGETBudgeted ActualReceipts 2024-25 2024-255City Contribution 658,447,021 658,447,021Special Fund (Harbor) 5,580,026 5,580,026Special Fund (Airports) 4,580,890 4,580,890Member Contributions 1 180,608,580 164,291,253Earnings on Investments 585,000,000 854,695,583Gain (Loss) on Sale of Investments 2 1,592,570,876Miscellaneous 3 500,000 375,632Total Receipts 1,434,716,517 3,280,541,281Excess Benefit Plan 4 1,601,119 1,601,1191 Includes receipts from members for purchases of prior years pension buybacks or overpayments.2This amount does not include a $1,231,488,556 unrealized increase in the value of investments as a result of the positive performance of the stock markets. If included, it would match the amount shown in the Systems audited financial report of $2,824,059,432 as Net Appreciation in Fair Value of Investments including Gain and Loss on Sale of Investments.3Reflects miscellaneous receipts from various sources.4Represents the City of Los Angeles General Fund contribution earmarked to pay excess benefits, including administrative costs, in compliance with IRC Section 415(b). As Excess Benefit Plan funds are not transferred to LAFPP, they are not included in the Total Receipts.5Based on Audited Financial Statements, which are reported on an accrual basis. Totals may differ from General Managers Monthly Reports, which are reported on a cash basis.90 LAFPP ANNUAL REPORT 2025'