| FORM 990, PART VI, SECTION A, LINE 3 |
THE TRUST'S MANAGEMENT DUTIES, INCLUDING ACCOUNTING FUNCTIONS AND PAYMENTS OF BENEFITS TO ITS MEMBERS, ARE PROVIDED BY A THIRD PARTY ADMINISTRATOR. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THERE ARE FIVE TRUSTEES, FOUR OF WHOM ARE ELECTED BY THE MEMBERS OF THE PEACE OFFICERS RESEARCH ASSOCIATION OF CALIFORNIA ("PORAC"), AND ONE OF WHOM IS APPOINTED BY THE PRESIDENT OF PORAC. IN THE EVENT OF EARLY TERMINATION OF APPOINTMENT, RESIGNATION, OR DEATH OF A TRUSTEE, THE BOARD OF PORAC SHALL APPOINT A SUCCESSOR TRUSTEE FOR THE REMAINDER OF THAT TERM. THE APPOINTMENT OF A TRUSTEE MAY BE TERMINATED, AT ANY TIME, BY THE ENTITY WHICH ORIGINALLY MADE THE APPOINTMENT, ACCORDING TO SUCH ENTITY'S INTERNAL RULES, PROCEDURES, OR PRACTICES. |
| FORM 990, PART VI, SECTION B, LINE 11B |
PRIOR TO FILING, THE FORM 990 IS PROVIDED TO THE ADMINISTRATOR, THE ATTORNEY, AND THE BOARD OF TRUSTEES FOR REVIEW, WITH GUIDANCE FROM THE AUDITOR. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE TRUST AND THE BOARD OF TRUSTEES MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY BY REQUIRING THE BOARD OF TRUSTEES TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY, INCLUDING THE PROVISION THAT REQUIRES THE TRUSTEES TO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION COMPLIES WITH ALL REQUIREMENTS UNDER FEDERAL LAW, INCLUDING THE TAX CODE AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT. IT MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO ALL PARTICIPANTS IN ITS BENEFIT PLAN UPON REQUEST. THE GENERAL PUBLIC HAS ACCESS TO MANY OF THESE DOCUMENTS THROUGH ANNUAL GOVERNMENT FILINGS MADE BY THE TRUST. |
| FORM 990, PART VII, SECTION A |
THE TRUST DOES NOT REGULARLY RECEIVE INFORMATION REGARDING COMPENSATION RECEIVED BY THE TRUSTEES FROM PARTICIPATING EMPLOYERS. THE WORKING TRUSTEES RECEIVE ALL THEIR COMPENSATION SOLELY CONNECTED TO THEIR DUTIES AS POLICE OFFICERS; TWO OF THE TRUSTEES, MR. MOORE AND MR. HASHIN, ARE RETIRED POLICE OFFICERS. ALL OF THE COMPENSATION INFORMATION WAS NOT READILY OBTAINABLE. THE TRUSTEES ARE UNABLE TO PROVIDE THE NECESSARY INFORMATION TO MAKE A FULL REPORT OF THE COMPENSATION AND BENEFITS PAID TO THE TRUSTEES FOR THE 2017 TAX YEAR. IN THEIR ROLE AS TRUSTEES, THEY ARE FIDUCIARIES AND SUBJECT TO LEGAL PROHIBITIONS AGAINST SELF-DEALING. THEY SERVE ON A VOLUNTEER BASIS AS TRUST FIDUCIARIES; THEY DO NOT RECEIVE ANY ADDITIONAL COMPENSATION FROM THEIR EMPLOYERS OR ANY OTHER PARTY FOR THEIR SERVICES ON THE BOARD OF TRUSTEES. FURTHER, THE TRUST HAS A CONFLICT OF INTEREST POLICY, WHICH REQUIRES THE TRUSTEES TO DISCLOSE ANY FINANCIAL ARRANGEMENTS THAT WOULD CREATE A CONFLICT OF INTEREST. SECTION 7(A) OF THE CONFLICT OF INTEREST POLICY OF THE TRUST, EFFECTIVE JUNE 1, 2008, AND AS AMENDED THEREAFTER, STATES THE FOLLOWING: "A TRUSTEE SHALL HAVE A DUTY TO DISCLOSE TO THE BOARD ANY CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED BY THE TRUSTEE. IN PARTICULAR, THE TRUSTEE SHALL DISCLOSE A CONFLICT OF INTEREST PRIOR TO ANY BOARD OR COMMITTEE DECISION ON THE MATTER RELATED TO THE CONFLICT OF INTEREST. UPON THE TRUSTEE'S FIRST ATTENDANCE AT A BOARD MEETING, THE TRUSTEE SHALL SUBMIT A SIGNED CONFLICT OF INTERST DISCLOSURE TO THE BOARD, ON A FORM APPROVED BY THE BOARD, AND SHALL HAVE THE DUTY TO UPDATE SUCH DISCLOSURES UPON DISCOVERING A CHANGE." THE POLICY ALSO REQUIRES DISCLOSURE IN WRITTEN FORM OF ANY ENTITIES IN WHICH THE TRUSTEE, OR A RELATIVE, PRESENTLY HAVE A DIRECT OR INDIRECT PAYMENT ARRANGEMENT THAT MAY PRESENT A CONFLICT OF INTEREST WITH THE TRUST. NOTE ALSO THAT THE DISCLOSURE OF COMPENSATION REQUESTED ON THE FORM 990 WOULD CAUSE ADDITIONAL ADMINISTRATIVE BURDEN BY REQUIRING THE TRUST TO COLLECT THIS INFORMATION ANNUALLY, SINCE THE TRUSTEES' COMPENSATION VARIES FROM YEAR TO YEAR, AND FROM TRUSTEE TO TRUSTEE. PLEASE CONTACT THE TRUST OFFICE IF YOU WOULD LIKE FURTHER INFORMATION, AND/OR WOULD LIKE TO DISCUSS THIS FURTHER. THE TRUSTEES WANT TO BE COOPERATIVE WITH THE IRS, BUT PROVIDING THIS COMPENSATION INFORMATION IS PROBLEMATIC FOR THE REASONS STATED ABOVE. |
| FORM 990, PART XI, LINE 9: |
TRANSFER IN OF NET ASSETS FROM MERGER 3,012,077. |
| FORM 990, PART XII, LINE 2C: |
THE TRUST DOES NOT HAVE A SEPARATE AUDIT COMMITTEE. HOWEVER, THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF INDEPENDENT ACCOUNTANTS. |
| FORM 990, PART VI, SECTION B, LINE 15B |
THE ORGANIZATION, WHICH IS AN ERISA EMPLOYEE BENEFIT FUND, IS GOVERNED BY AN UNCOMPENSATED BOARD OF TRUSTEES AND HAS NO OFFICERS OR EMPLOYEES. THE DAY TO DAY MANAGEMENT, ADMINISTRATION AND OPERATION OF THIS FUND IS PROVIDED BY A THIRD PARTY ADMINISTRATOR. |
Attach to Form 990 or 990-EZ.