FIDUCIARY FUNDS. Pension Trust Fund: Agency Funds:

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1 FIDUCIARY FUNDS C O M P R E H E N S I V E A N N U A L F I N A N C I A L R E P O R T Y E A R E N D E D JUNE 30, 2017

2 FIDUCIARY FUNDS Fiduciary funds are used to account for assets held by the City in a trustee or agency capacity for individuals, governmental entities, and others, and are operated by carrying out the specifications of trust indentures, statutes, ordinances, or other governing regulations. Pension Trust Fund: Deferred Compensation Fund - to account for resources earned by present and former employees and held in a trust capacity by the City in accordance with the provisions of Internal Revenue Code Section 457. Fire and Police Retirement Fund - to account for transactions of the Fire and Police Retirement System, which is governed by its own retirement board. Agency Funds: Lake/Washington Special Assessment District Fund - to account for maintenance costs of the parking lot located at Lake Avenue and Washington Boulevard. Library Equipment Replacement Fund - to account for the library automated control system operated under joint agreement with the City of Glendale. Workforce Innovation and Opportunity Act Fund to account for the administration of Workforce Innovation and Opportunity Act (WIOA) activities under the direction of the Foothill Workforce Development Board (FWDB). Open Space Assessment District Fund to account for receipt and disbursement of debt service activity related to the acquisition and improvement of the Annandale Canyon Estates and adjacent property to be established as open space. Private-Purpose Trust Funds: Fiduciary fund type used to report all trust arrangements, other than those properly reported in pension trust funds or investment trust funds, under which principal and income benefit individuals, private organizations, or other governments. Private-purpose trust funds are used for the activities of the Successor Agency to the Pasadena Community Development Commission. Please see the next tab for the combining statements related to the Successor Agency. 207

3 Pension Trust Funds Combining Statement of Net Position June 30, 2017 Fire and Police Deferred Retirement Compensation System Total Cash and cash equivalents $ 267,174,499 2,616, ,791,440 Receivables: Pending trade sales - 1,585,224 1,585,224 Interest - 122, ,475 Total receivables - 1,707,699 1,707,699 Investments, at fair value: Government and agencies - 15,872,832 15,872,832 Domestic corporate obligations - 27,783,556 27,783,556 International corporate obligations - 382, ,944 Fixed income mutual funds - 16,593,296 16,593,296 Real estate - 15,952,321 15,952,321 Domestic corporate stocks - 24,143,681 24,143,681 International corporate stocks - 25,083,175 25,083,175 Total investments - 125,811, ,811,805 Total assets 267,174, ,136, ,310,944 Accounts payable and accrued liabilities - 54,147 54,147 Pending purchases - 4,717,540 4,717,540 Total liabilities - 4,771,687 4,771,687 Net position reserved in trust for employees' pension benefits $ 267,174, ,364, ,539,

4 Pension Trust Funds Combining Statement of Changes in Net Position For the Fiscal Year Ended June 30, 2017 Fire and Police Deferred Retirement Compensation System Total Additions: Contributions: Plan members $ 16,047,910-16,047,910 Total contributions 16,047,910-16,047,910 Net investment income: Investment earnings 24,830,353 10,159,284 34,989,637 Interest - 1,104,673 1,104,673 Dividends - 1,759,095 1,759,095 Gross investment income 24,830,353 13,023,052 37,853,405 Less investment expenses - (509,501) (509,501) Net investment income 24,830,353 12,513,551 37,343,904 Total additions 40,878,263 12,513,551 53,391,814 Deductions: Benefits paid to participants 17,037,358 13,117,723 30,155,081 Administrative expenses 160, , ,295 Total deductions 17,198,023 13,417,353 30,615,376 Increase/(Decrease) in amount held for employees 23,680,240 (903,802) 22,776,438 Amount held in trust for employees: Beginning of year 243,494, ,268, ,762,819 End of year $ 267,174, ,364, ,539,

5 Agency Funds Combining Balance Sheet June 30, 2017 Lake/ Washington Workforce Special Library Innovation and Open Space Assessment Equipment Opportunity Assessment District Replacement Act District Total : Cash and investments $ - 968, ,865 1,118,130 Accounts receivable - 5, ,311 4, ,562 Other assets - 106, ,701 1,013,920 Total assets $ - 1,079, ,311 1,061,585 2,888,612 : Accounts payable and accrued liabilities $ - 29, , ,842 Due to other governments - 1,049, ,049,935 Due to bondholders ,060,835 1,060,835 Total liabilities $ - 1,079, ,311 1,061,585 2,888,

6 Agency Funds Combining Statements of Changes in and For the Fiscal Year Ended June 30, 2017 July 1, 2016 Additions Deletions June 30, 2017 LAKE/WASHINGTION SPECIAL ASSESSEMENT DISTRICT Cash and investments $ - 31,912 31,912 - Accounts receivable Total assets $ - 31,912 31,912 - Accounts payable and accrued liabilities $ - 6,337 3,563 2,774 Due to other governments - 28,977 31,751 (2,774) Total liabilities $ - 35,314 35,314 - LIBRARY EQUIPMENT REPLACEMENT Cash and investments $ 1,204,386 35, , ,265 Accounts receivable 4,431 15,830 15,029 5,232 Other assets - 106, ,219 Total assets $ 1,208, , ,231 1,079,716 Accounts payable and accrued liabilities $ 9, ,549 88,988 29,781 Due to other governments 1,199,597 15, ,493 1,049,935 Total liabilities $ 1,208, , ,481 1,079,716 (Continued) 211

7 Agency Funds Combining Statements of Changes in and (Continued) For the Fiscal Year Ended June 30, 2017 WORKFORCE INNOVATION AND OPPORTUNITY ACT July 1, 2016 Additions Deletions June 30, 2017 Cash and investments $ - 5,873,876 5,873,876 - Accounts receivable 508,086 2,709,359 2,470, ,311 Total assets $ 508,086 8,583,235 8,344, ,311 Accounts payable and accrued liabilities $ 508,086 4,206,006 3,966, ,311 Total liabilities $ 508,086 4,206,006 3,966, ,311 OPEN SPACE ASSESSMENT DISTRICT Cash and investments $ 153,757 85,350 89, ,865 Accounts receivable 1,997 5,287 3,265 4,019 Other assets 925,331 69,348 86, ,701 Total assets $ 1,081, , ,485 1,061,585 Accounts payable and accrued liabilities $ 750 2,999 2, Due to bondholders 1,080,335-19,500 1,060,835 Total liabilities $ 1,081,085 2,999 22,499 1,061,585 (Continued) 212

8 Agency Funds Combining Statements of Changes in and (Continued) For the Fiscal Year Ended June 30, 2017 July 1, 2016 Additions Deletions June 30, 2017 TOTAL AGENCY FUNDS Cash and investments $ 1,358,143 6,026,219 6,266,232 1,118,130 Accounts receivable 514,514 2,730,476 2,488, ,562 Other assets 925, ,567 86,978 1,013,920 Total assets $ 2,797,988 8,932,262 8,841,638 2,888,612 Accounts payable and accrued liabilities $ 518,056 4,322,117 4,062, ,842 Due to other governments 1,199,597 47, ,244 1,049,935 Due to bondholders 1,080,335-19,500 1,060,835 Total liabilities $ 2,797,988 4,369,699 4,279,075 2,888,

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