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LSL:*: :: To the Board of Directors Santa Ana Police Officers Association Santa Ana, California Summary of Trust Receipts and Disbursements 3. We obtained the Trust's checking and investment account statements prepared by the trustee for the twelve months ended December 31, 2023. We reviewed the source documents for each receipt and disbursement on the worksheets. Based on our review of the monthly worksheets and source documents, we prepared an annual summary of the Trust's receipts and disbursements, including a reconciliation to the Trust's checking and investment account balances. We obtained copies of all checks deposited to the Trust. Per review of the checks deposited to the Trust, we categorized each cash receipt into one of the following categories: • Medical and dental • Retiree health • Long-term disability • Interbank transfers • Interest income Per review of the monthly bank statements and review of the cancelled checks, we categorized each cash disbursement into one of the following categories: • Health Related: o Insurance Premiums (medical, dental, vision, long-term disability, and life) o Health and wellness screening o Exercise equipment and other • Non-Health Related: o Administrative fees o Bank service fees o Audit, legal, and other charges For each month, we determined the Trust's total ending balance by obtaining the monthly investment account statements for the Trust's Charles Schwab brokerage account. We added those balances to the ending balance of the checking account to arrive at the total balance of the Trust. Results: The Summary of Receipts and Disbursements is included as Attachment 1A on page 7. General Ledger, Receipts and Disbursements 4. The City makes monthly Trust contributions. We obtained from the City a Trust payment detail, which listed all payments made to the Trust for the period under review and compared 100% of the payments made by the City to the documentation on file with the Association. Next, we traced the transfers and their amounts to deposits listed on the bank statements and general ledger. Results: The attached Summary of Receipts and Disbursements, which is based on the bank statements and general ledger, reflects twelve months of 2023 receipts. As part of the test work on the Summary of Receipts and Disbursements, we reviewed the supporting documentation for each cash receipt to determine which receipt type to classify it in. During our review, we noted that all receipts and disbursements were supported by appropriate documentation. 2