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<br /> <br /> <br />Fiduciary Funds – Fiduciary funds, consisting solely of trust and agency funds, are used to account for <br />resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the <br />government-wide financial statements because the resources of these funds are not available to support <br />the City’s own programs. The accounting used for these funds is much like that used for governmental <br />funds. These funds are reported in a separate statement of fiduciary assets. <br /> <br />Notes to the Basic Financial Statements <br />The notes to the basic financial statements provide additional information that is essential to a full <br />understanding of the data provided in the government-wide and fund financial statements. The notes to <br />the financial statements follow the basic financial statements. <br /> <br />Other Information <br />In addition to the basic financial statements and accompanying notes, this report also presents certain <br />required supplemental information. This information includes budgetary comparison schedules, as well <br />as more detailed information about the City’s agreement with the California Public Employees Retirement <br />System (CalPERS) for the defined benefit pension plan. <br /> <br />In the following tables, the information for prior fiscal year 2014 was not restated for GASB 68 and 71 <br />because all information required to restate prior year amounts was not readily available. <br /> <br />8