The URL can be used to link to this page

11 April 2009 Financial ReportCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 5-13-2009 Council Date: Finance Gene Anderson 11. 5-26-2009 RECOMMENDED MOTION: Move to approve the April 2009 Financial Report as presented. POLICY ISSUE(S): Monitoring actual municipal revenues and expenditures verses the Council adopted budget. BACKGROUND: The Paris City Charter Section 69 (3) requires the Finance Director to submit to the Council through the City Manager a monthly statement of all receipts and disbursements. The attached report meets that requirement. BOARD/COMMISSION RECOMMENDATION: EXHIBITS: April 2009 Financial Report ACTION: BUDGET INFO: Z Financial Report Z Minute Order Expense $N/A ❑ Department Report ❑ Resolution Budgeted Amt. $N/A ❑ Presentation ❑ Ordinance y'r'D Actual $N/A ❑ Public Hearing ❑ Other Acct. Name N/A Acct. Number N/A FISCAL NOTES: REVIEWED AND APPROVED BY: ~ Administration Z City Clerk ❑ Community Development ❑ EMS/IT ~ Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris Revised 2/04/08 . J City of Paris April 2009 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are 1.5% less than this point last year. The largest delinquencies currently are Golden Acres Retirement Village (2006, 2007, 2008) $25,136., Paris Travelers (La Quinta) 2007 and 2008 $24,780, Sanitation Solutions (2008) $10,375, and Paris Realty, LLC (2008) $5,296. 2. Sales tax collections are 19.6% above last year's collections to date. Sales tax remittances to the City from the State reflect sales from two months earlier. So, April collections reflect February sales. 3. Hotel occupancy taxes stand 26.5% over this same time last year. All hotel taxes are current except for La Quinta which is delinquent for the first quarter of 2009. 4. Franchise taxes are up 3.3% at this point. 5. Permit fees are up 255.2% due to Paris High School's building permit fee of nearly $90,000. 6. Municipal Court fines are down 7.2% after seven months of activity. 7. Hanger lease payments and interest earnings are down compared to last year but this is due to the somewhat irregular timing of such payments. At times renters will get behind a month or two then catch up and sometimes they pay in advance knowing that they are going to be away for a while. Over the course of the year this works itself out but it can at give a distorted view of collections during the year. Likewise, interest revenue does not take place evenly throughout the year. 8. EMS fees have picked up and are 2.1% behind last year. 9. Miscellaneous collections are down because last year's collections included revenue collected from the sale of the abandoned Southern Disposal dumpsters. 10. Water revenue is up 3.1% while sewer revenue is up 10.4%. 11. In the Water & Sewer Fund, the receipts from the City of Irving represent reimbursements under the MOU agreement. 12. Water & Sewer interest revenue is down but that is mostly a reflection of changing investment maturity dates which affect the cash flow of interest payments. Changing interest rates also have some impact on this line item. 13. The Water & Sewer Miscellaneous line item is down due to increased charge offs. I investigated this matter and found that the billing clerk had failed to journalize some charge offs on a timely basis resulting in an unusually large charge off when the transactions were finally journalized. This matter has been discussed with her and should not happen again. The Office Manager will monitor this situation. 14. General Fund revenues to date equal 72.49% of that budget even though we are only 58.33% through the budget year. This is due mainly to the fact that the City has collected 96.41% of its current taxes and 66.41% of its sales tax revenues. Water & Sewer revenues to date equal 56.419'0 of that budget. ~ LU~;U3~ Departmental Expenditure Summary: At this point the City is 7 months or 58.33% through the budget year. It is important to remember that expenditures do not occur equally throughout the year. For example, capital expenditures and association memberships are one time expenditures that if made early in the fiscal year can produce a distorted expenditure percentage. In this year's budget both stability pay and the Council authorized lump sum payment were made in November and are reflected in the departmental budgets. Within the General and Water & Sewer Funds there are 7 departments whose expenditures are over 58.33% at this time. This does not include the contingency line item which is discussed below. 1. Municipal Court-61.16%. The overage amounts to $6,387 and consists mainly of personnel costs, auditing expense, and travel expense. 2. Public Works-58.48%. The overage amounts to $211 and is made up of mainly office supplies. 3. Traffic & Lighting-59.47%. The overage amounts to $5,821 and is made up of mainly of electricity expense. 4. General & IT Expenses-63.11%. The overage amounts to $62,329 and consists mainly of increased payments of hotel taxes to the Chamber because of increased tax collections, the City's contribution to the Health Department, and expenditures for equipment. 5. Contingency-129.29%. The overage is due to the City's $393,520 forced repayment of the grant from the Office of Rural Community Affairs (Contract # 719068). 6. Warehouse-$60.19%. The overage amounts to $1,987 and consists mainly of personnel costs. There was a two week overlap in the warehouse supervisor position as one employee retired and the replacement employee came on board. There was also some vacation pay due the retiring employee in accordance with City policy. 7. Water Billing-61.79%. This overage amounts to $59,289 and is made up entirely of consultant fees related to the Pat Mayse water study. Expenses for this study are run through this department but were not specifically budgeted for so as not to artificially inflate that department's budget. Consultant expenses will be reimbursed by the City of Irving. 8. Water Production-63.05%. This overage amounts to $129,513 and is made up of mainly of chemical and electrical costs. General Fund expenditures to date total 56.059'0 of the budget while Water & Sewer Fund expenditures to date total 39.879'0 of the budget if you do not count debt payments made out of the various interest and sinking funds. When debt is included, Water & Sewer expenditures to date would be 69.23% of the budget. Most Water & Sewer debt is paid in December and this distorts the percentage of expenditures until later in the budget year. LUO63 ! SPECIAL NOTES: 1. In the Capital Projects Fund, the $120,682.57 Police related expenditures were made in connection to the CAD-Mobile Data Project. This project was approved several years ago but the approved funds are not reflected in the current budget. None of the items budgeted in the $20,000 amount have been purchased at this point. 2. In the Capital Projects Fund, Community Development expenditures for the Casa Bonita project total $437,001.33 and there were $10,588.46 in demolition expenditures. 3. In the Capital Projects Fund, there has been $45,813 spent for street repairs and $14,512 spent as part of the street sign upgrade. 4. In the Capital Projects Fund, the Water Treatment Plant has spent $35,701 for instruments/apparatus and $125 on their communication system. The Wastewater Plant has spent $52,084 for equipment. 5. As noted at a previous Council meeting, the Parks Department expenditures in the Grant Fund are for the extension of the original "rails to trails" trail eastward and the Police Department has expended money in their various grant projects (Auto Theft,1AG, School Resource Officer, Felony Crimes). 6. On the Departmental Expenditure Summary, the line item titled "Contingency" with a budgeted amount of $304,369 consists of the $50,000 budgeted for contingencies and the $254,361 budgeted for the lump sum payment to employees. The lump sum payment was made in November. The lump sum payment, however, is not reflected on this line item because the actual payment was charged to the salary and related benefit line items in the various departments. This was necessary in order for 2008 W-2s to reflect correct amounts. The $393,520 payment charged to the contingency line item was the repayment of the housing grant triggered by the City's failure to meet all of the grant terms. General comments to the City Council: Over 99% of all of the City operational activity takes place in the General Fund or the Water and Sewer Fund. The other funds are special purpose funds with limited activity and usually with legal restrictions on what their money can be spent on. For that reason, I normally only comment on the activity of the General Fund and Water & Sewer Fund. However, if it were needed, I would make comment on activity in one of the other funds. I try to anticipate questions you might have about the report and comment on those points. After you receive your packet and review the monthly report, if you have questions about the report, please let the Manager know (or me if you can't reach the Manager) before the Council meeting if possible in case I have to research the answer to your question. That does not prevent you from asking the question at the meeting if you wish to make a point, but it does help prevent questions coming up that I can't answer on the spot and possibly delaying the Council in making a decision. 3. The activity of the Health Department and Paris Economic Development Corporation is reflected in the monthly report. This is a result of the City performing the bookkeeping functions for both of these groups. Both groups have their own managing board. - UOCU3's Net to Date Comparison Description Apri I 2009 Apri I 2008 Net to Date General Fund Taxes Collected 6,253,419.42 6,350,816.64 (97,397.22) Sales Tax 3,714,505.14 3,103,767.05 610,738.09 Hotel-Motel Tax 355,954.43 281,375.18 74,579.25 Franchise Fees 1,824,946.44 1,765,052.12 59,894.32 Permits 129,396.12 36,425.87 92,970.25 Court Fines 245,276.02 264,479.47 19,203.45) Leases & Interest 179,878.70 259,358.26 (79,479.56) Fees & Copies 10,427.00 9,832.53 594.47 Lamar Count Fire 1,050.00 1,050.00 0.00 Grants & Donations 23,058.08 (23,058.08) Sanitation Fees 761,777.59 770,224.39 (8,446.80) EMS Fees 1,494,472.97 1,527,906.08 (33,433.11) State Revenue 46,947.21 42,708.96 4,238.25 Miscellaneous Fees 161,829.29 214,412.53 (52,583.24) Water & Sewer Transfer 437,500.00 500,000.00 (62,500.00) Summer Pro rams 30,266.15 33,441.83 (3,175.68) ' General Fund Total Revenues General Fund Total Ex enditures ' 15,647,646.4$ 12,098,43$.43 ' 8,$33,092.35 11,360,278.06 6,814,554,13 ' 738,159.97 Net to Date ' 3,549,208.45 2,527,185.71 6,076,394.16 PEDC Fund Sales Tax 742,900.99 620,753.37 122,147.62 Interest Earned 42,078.61 9,198.08 32,880.53 Loan Pa ments 266,000.00 322,150.00 (56,150.00) PEDC Fund Total Revenues 1,050,979.60 952,101.45 9$,878.15 PEDC' Fund Tota! Ex enditures ' 589,871.29 ' 1,193,778.15 603,906.86 ' Net to' Date 461, 108.31 ' 241,676.70 ' 702,785.01 ' Water & Sewer Fund Sewer 3,042,517.49 2,755,877.96 286,639.53 Water 4,354,403.89 4,222,860.79 131,543.10 Cit of Irving 84,920.95 40,000.00 44,920.95 Interest Earned 40,934.03 75,301.18 (34,367.15) Miscellaneous 173,650.93 242,862.82 (69,211.89) ' W&S Fund Tota) Revenues ' 7,696,427.29 ' 7,336,802.75 ' 359,524.54 ' W&S Fund Tbtal Ex enditures 5,368,443.43 : 4,515,941,23 . ' 852,502.20 Net to'Date 2,327,983.86 ' 2,820,961.52 492,977.66 Ca ital Projects Fund Interest Earned 8,565.96 8,663.39 (97.43) Ca ital Pro'ects Fund Revenues $,565.96 $,663.39 97.43 ' ' Ca itaf Pra'ects Fund Ex enditures 716,510.09 68;200.51 ' 648,309.5€3 ' ' Net to'Date 707,944.13 59,53712 i 648,407.01` April 2009 Net to Date.xls 5/11 /2009 n U()V u3:9 Net to Date Comparison April April Descri tion 2009 2008 Net to Date WW&SS Rev Bond 2000 Construction Interest Earned 11,039.19 63,591.16 (52,551.97) ~ Equipment Replacement Fund I I I I Interest Earned (1,924.80) (1,924.80)1 lVCI lV'. VdIG.:.. S ecial Funds Special Funds 46,150.23 48,595.46 2,445.23) Interest Earned 225.51 411.03 (185.52) ' S ecial Reuenue Funds Revenue S ecial Revenue Funds Ex enditures 46,375.74 45,180,01 49,006.49 36,762:91 2,630.75 ' 8,417.10 Net to' Date 1,195.73 12,243.58 ' 11,047.85 ' Child Safet Fund Interest Earned 70.23 3.24 66.99 Donations 18,906.50 10,230.00 8,676.50 Health De artment Interest Earned 59.11 - 59.11 Fees & Grants 746,424.44 436,001.71 310,422.73 Health De artment Fund Reuenues 746,4$3.55 436,001,71 310,481.$4 : Grant Fund Grants 302,907.22 405,866.02 (102,958.80) Interest Earned 128.36 (128.36) Communit Develo ment Block Grant Interest Earned 2,718.08 761.26 1,956.82 Grants 0.00 ' Communit Dvt Biock Granf Fd Revenues 2,718.4~ ' 761:26 9,956.82 Communit Dvl E3lock Grant Fd Ex enditures ' 350.00 61,500.Q0 61,15p.Q0 : ` Net to'Date ` '2.3fi8.08 f60.738.74} ' 63.106.$2 April 2009 Net to Date.xls 2 5/11/2009 w GOfJ()40 Net to Date Comparison April April Descri tion 2009 2008 Net to Date Tax & Rev CO 2000 Const Fund Interest Earned 492.41 1,342.00 (849.59) I CO Series 2002 Construction Fd I I I I Interest Earned 6.62 20.22 (13.60) Revenue Bonds Sinkin Funds Transfer to GO Refunding 2003 340,000.00 107,000.00 233,000.00 Interest Earned 40,920.20 44,688.20 (3,768.00) Tax & Rev CO 2000 I&S Fund Tax & Rev COs 2000 I&S 481,837.35 520,103.29 (38,265.94 Interest Earned 442.06 554.02 (111.96) Tax &Rev CQ 20(}0' I&S Fund Revertues: 482,279.41 52(},65731 38;377.9(} ' 'Tax &;Rev CC120Q0 I&S Fund Ex p~ endituCes 3$9,668.13 ~ 383,105:63 6,562.50 Net ta' Date 92,611.28 137,551 .68 ' 44,940.40 ' Tax & Rev CO 2002 I&S Fund Tax & Rev COs 2002 I&S 419,166.54 418,872.52 294.02 Tax &'Rev CQ 2002 I&S Fund Reuenues' 419,166.54 418,872.52 294.02 Tax &'Rev CC? 2002 I&S Fund Ex"enditures 342,824.75 336,836.25 ' Net to'Date ' 76,341.79 82,036.27 5,694.48 ' 2003 GO Refundin Bonds Cert Of Obli . 2003 I&S 375,386.36 340,805.86 34,580.50 Interest Earned 904.19 2.828.17 (1,923.98) Libra Memorial Fund Interest Earned 222.53 889.40 (666.87) Memorial Donations 3,821.80 4,817.90 (996.10) uCe: April 2009 Net to Date.xls 3 5/11/2009 m+ t,EUUti41 Net to Date Comparison April April Descri tion 2009 2008 Net to Date Libra Expendable Fund Interest Earned 561.34 386.71 174.63 Donations 5,000.00 (5,000.00) Libra ; Ex endable Fund Revenues ' 561.34 5,386.71 4,825.37 ' ' Libra ` Ex errdable Fund Ex enditures 31;278.60 ' 31,278.50 ' Net ta Rate ' 561.34 25,891 J9 ' 26,453.13 ' Libra Permanent Fund Interest Earned 1.53 4.67 (3.14) Libra : Permanent Fund Revenues 1.53 4:67 ,(3.14 Libra Permanenf Fund Ex enditures : 0.00 ' Net to; Date ' 1.53 4.57 ' 3.14 ' April 2009 Net to Date.xls 4 5/11/2009 . 00004G N C ~ ~ N N ~ -0 Lo c7 oo tn Lo O oo f~ O O~ (O N I- V CO O W CO N oJ N M O ~ co (O N f- I- O7 O O m m ch CD L(7 (O I~ N N ~ O O V ~ m W c0 ~ [D ~ ~ N W ~ t~ O I~ ~ ~ N ~ ~ ~ O ~ O ~ N ~ ~ ~ m ~ N ~ O N c0 O V ~ I~ O ch M N (O cD O~ N l!') a0 (O 7 (O V I- W O O O ~ Lo M Q~ f- OJ ~ O O 07 'V N c'7 O) lL) oJ O ~ 1~ O d' O O 1- I~ U C N C N : Ifl cD cO N cD ~ cD N V N c'7 N N (O ~ M O O N c~0 O r O ~ ONi N c^D ~ m n u~j ~ ~ Il N fl ~ N c0 cD oJ c0 ~ c0 I~ 07 7 ln 00 O c"] W Oi u] 7 (D N f, O O ~ oc) '7 - N c0 M 0 N 0) I~ c0 O I!'J O c0 lI) c'7 f- (h N f- co V ~ N cO N c`7 O ~ W ~ Lr) l c m r N ~ cD M N cD ~ W N ~ O ~ N l!'7 t!~ cp "T N (O N ~ V O N m tn ~ ~ ~ OJ Ln N o N O V m In V m N M o~ aO CO O m V M CO N M ~ O O O h M u~ M ch N CO c0 V' ~A V ~ W ~ tn ~ (O (O CO ~ (O N ~ QJ N ~ t~ O (O O) oJ C7 I- W Ql h O m CO N r O) OJ I- V ~f7 I~ O V h m ~ W ch m h I~ O ~ ~ ~ . ~ m . ~ O e- . ~ O O O . ~ rn . N . ~ f~ t`7 W QJ ~ , I~ m LL7 O (O N O V - (D M W M ~ 1fl N 1~ p j m f- CO N (D C O O N lf) M CD c`7 O V m CD ~ U ~ (O ( I, f~ O M m cD oJ i- o0 a0 N 1~ 7 7 00 V 07 t- O 00 7 N N V V l!') LO 'V 00 c0 M ln V O CD N LI M O QJ O) d' CD oo 1, ~ Q 3 N N M N M N V cD O) N ~ N M tn c+7 M 07 M ) ~ ~ CO O ~ ~ CO ~ M (O O I~ ~ ln U ~t 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ~ N ~ N oo N c'i N ~ ~(J Oi ~ c7 lf7 c0 ~ O N ~ ~ (h W M Qi ~ N I~ M a) I~ N N CD O tn oJ (p [O oo O O V' M N oJ O Q~ N 0 M 0 m 0 f~ 0 ch 0 (O 0 O 0 O~ ~ O oJ m (D c`') N CO r N N (`7 O V I~ 1f7 N CO x OJ lC7 Lx~ O Lq M V (O O O Lf) c0 1, N V a) m M I~ N O) ln N ~ O O M N V I~ tf~ V N OJ l[J (D m 11) O 7 N (O Lf) O N I- O O ~17 CO (O lf) ~fJ l(J f~ l(7 o~ N ~ M ~ N N ~ tn V c") ~fJ tn ln I- (O (D d' t") ~ W O O N lA f~ ~ R O (O N O N N M CD t!J O ln N 1~ O) cD O d' O V m ~IJ OJ ~ ~ l(~ . I~ m ~ M m (D f~ V ~ c0 V lA I~ ~ d' m O N O N N ~ N ~ N M (h ~ ~ c0 c7 U~ I- Lq N f~ t[] V' m V CO W O) c0 "t N M N co N W cD N M N (D I-- V M N 6J M I~ N c0 u c'] M c0 o] V' V M c0 N N V u'J C O) (D N L(J co (7) N ~ O ~ (h m O N V ' N M O (D N ~ O N m c0 (O m M 1~ o] l!') I- h N lI7 cD M N c'7 ~ ~(7 O ~ ~ m u~ O ln O 00 r O ' N N M lf7 V Il ' I~ V l M I- (O N I~ lfJ c' ) (D O (D ln 1- (`7 O O N I~ CD ~ ln c'7 M 7 ~ ~ O 1~ lf7 G Y 7 O V O N M ~ cD N O N O ~ M N N (O f~ M V c'7 ~ ~ O ~ O ~ m (O ~ ~ O N N CO ('7 Lt~ N ~ o~ I- ~ ln m O N O m oJ p (p CJ ~ Q ~ N CO 7 f~ N c J M OJ I~ O N N C7 ~p C oJ O ~ OJ O N N N W c") d' tD t`') O (O N u~ ~ p c0 O O~ V M O ' ~ ~ cD ~ cD O c0 l(J ifJ m u) N ~ j ~ ch V' CO u) V' ln m V' M c'7 Ln u) l O O tn cY W N c0 ~ O m f~ O) (O ~ lfJ O) l(J oJ l() M EL n ifl Lr) V '7 Lf) c0 '7 M V' V M a c c d ~ LL (D o) C > > U Z C E p_ ~ U 'p ~ E 0 ~ cn E u' " o aS N L m ~ a~ U ~ a j Q _ ~ L C LL d > ~ U ~ CO p C d N N Y ~ ~ o U a N g O aD o ~ p E 3 m ~ ~ ~ ~ as o ti ~ o~ ~ U p~ Y m . o c 2 > a o Q ,a " ci a> u c a7 a~ c = a ~ y c a ~ w ~ o w a ~ o ~ m ~ ~ ~ ~ ~ ~ ~ c m w ~ ~ • E o ~ u) ~ o m o a o c ~ ~ o ~ c U ~ ¢ :~3 o U ' ~ ~ ~a m ji !L~ c m ' m c U W < ~ ~ 3 v7 O_ N n u 0 ' o ~ E O o~ C 4 3 Y m c ta m m m a~ E x O N ` a ~ N ~ O o p o o ~ 07 v> ~ m Q 2 C~ Q d LL W a a cn in ~ c9 W U d J (D U W a p f - (n ~ N ch u) O o] c] Lo o~ V' N O~ N 1- Lo O V M N c'J (n N f- c0 Lo N O ~ ~ L[7 O ln N c0 (O O cD L d' m N N O O I~ Ol c'7 W o M ' O co N m N O f- ' ~ ~ U N I~ f- ~ V' c+) (D c0 I- I~ I- c0 N CO W CO I~ I~ c0 V N N 61 N N ln M lt7 c0 O 1~ N O q O O N O L[7 N ~ V ~ In V N On ~[7 O ' c 7 ~ Q~ (O O co N (D M o] N O o] U ) V N CO Oc N V O) cD N ~ tn cD W M 00 N N f- I- c7 a) m N ~ V V LO ~ N ~ V V C~ V tn N f~ O f~ ch O t~ d c0 x~ O tn V m f~ t~ OJ I~ O N tn V W M O O (D M V i, oo c0 O Lfl N m c0 I- O~ O N ~ O~ o~ m o] c0 co C7 ch N V ~ ~ N cD (O V CO N m ~ N V ~ M N (O ln f~ N ' m ~ N V V' Q O o~ M ch 'V V N (O O m oJ N V M m c0 ~ ~ m O~ O ~ N m N N C+j oc~ 07 (O u] O) N CO ~ ~ (D I~ ch V O (O I~ O N N ~ ~ N Q1 O~ N N V O L('7 N c'7 V m V V (D (O CO N O O M O N N N ' O) Lo f~ O V oJ ~ oJ c~ N V f'l ~ 7 N cD V f~ O~ I~ N N ~ V O m V V c0 ~ O O (D cD M c0 N l!7 OJ W c0 m (7 O) 7 m V c'7 V O N o7 M ln V o N V f~ (O 'V ~ ~ L() t~ ~ m ~ 7 N ~ O V f7 ~ m ~ V (O ~ O f ~ CO c~J ~ O ~ W M In d' cD M O ln f- oJ I~ e- ch l() Q~ W W O I~ N u) O I~ V V 3 C U rn ~ M N W o6 M N OJ N CO O R CO O O V ~ (O ~ N O (O oJ ~ N l!~ M N M ~ 0~ O1 1~ c0 N N O) oJ V cD W Ln N oJ V' ~ N ~ Q N O ~ ry ~ cp ~ M ~ N c'7 a0 M O M N L[] O N I~ f- f- O) M V O N c0 c~ t") N N - LO U O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O N O~ c7 n tf7 I~ p7 N (O O M m O N m N O N O~ O) (h O O O O O O O O O ~ O O O O D 6l N 7 O ~ f- c'7 V' ~ O (D m W N N Lfl f~ O) h O ~ I- CO o~ Lfl N N M V '7 N ~ OJ Lfl v c0 cD cD M ln N O O ' O oJ O m 07 - N c0 ( 7 C] ~f7 N. 1~ N. Cp C N'O O l() O 4') O) m 1~ M (N V V O (O O o) O O LfJ O V V V 7 l!) tf J O ~ tD O ' ~ N - I, 1, M ~ 7 } 0] ~ ~ N N (D M N N ln - c0 V 6) ~ O (O W 1- 'c} V ~ ~ O N IfJ ~ Ln O Lfl W N ~ N f- N N V C O O ~ W O N CD O I N (O O c ) h N ~ O Cp O N O N I~ a0 V lf~ lf7 co ~ M O M c 7 LL~ ~ (O p ~ f~ CO oJ O M ~ '7 N N N M ~ N ~ N M M N (~7 N m CO M N O7 N O~ (~7 N M O O I~ V ~ ~ O ln cr O M W ln f- 01 N aO a0 N V o7 O) O V ' O N V C W 1~ a0 ~(J N lf'J ~ ch N O N N m ~ m in c~7 L[J tn V N M M ~ M N I~ m M M m O o~ N m ~ ~ M tI ) I~ - c0 QJ O W M O W ~ ~ O) V O W CO O V V' O ~.L m ~ N f~ c~J 1~ 7 m ~ I- V a V a W N N I, O c QJ O f~ 00 oJ m V (D N c0 O) cD ~fJ N ~ c0 ln V CD N cD N N cO - N - M V N w N N N O c'7 O - QJ oJ V N (O N V M N N co m f- 7 N N W c'7 W (D W O ~ O) V (D m C~ g Q t~ 7 N ~ ~ ln ~ N N O M N M ~ ~ C N M ~ N N f~ N (D ~ O ~ m ~ O N N O) N oJ V ~ M N ~ ~ N f~ 7 tn CO c'7 m ~ c 1 I~ I~ ~ O] N In O oJ ~ (D m OJ ~ ~ ~ cD ~ N f~ ~ O c'7 ~ 0o u'1 N ln c0 V ~ CO Ln (O ln f~ l(J ln V ln c0 ln f~ V M u) f~ V ~ ~ c0 ~ c0 Ll~ W N O V l c'7 O) (D ~ ~A c0 V m ~ O I~ O ch m CO I~ f~ O ln O N W Q1 N _ d x n CO N ln c7 c0 c0 c0 ~ V u7 ~ c7 W c ~ m C ~ U LL LL £ C _ o ~ w N L ~ m E ° ~ o U a) E -o c C ~ Q ~ p 3 ~ :o C y N - ~ a o ~ o o i c ~ ii ~ -6 a) Cl u~ m ~ a C 'D > (p j N ~ 3 C fU ~ o ~ ~ r. C~ O U o) = n ~ a T Q 'p a X V C ~ 0 a~ ~ ~y d C ~ C ~ N 3 O ° lL ~ C , 0 (Q y ~ C " ~ ~ q+5 ~ G ~ 7 C W ~ L.L C1 E U y ~ = m O a N ~ (9 ~ t ~ io U ¢ ~ U E c y ~ io ~ ~ 21 ° ii m Z. m ~ m ~a ~ o U o cn m ,tf C E o ~ E 'm z 2 ~ ~ x y 2 , c c , c ~ ❑ a ~ ~ ~ m N c~ ~ Q d U CJ U U ~ U U Q O d LL. O 0 C W ~ ~ (9 d N fn ln ~ F (0 C7 E W O U (9 d J N U O U N U 0 ll W d N ~ U ~ > l W ~ X N N ~ ~ N a W c ~ E N a ~ ~ 0 0 N Q . l?O0 U4; N C N ~ N N ~ ~ ~ O O O V ~ ~ CO V O co cq M 1~7 ~ O O O O .r - O O O O ~ ln ~ lC7 N ~ N O O O O O O O O m O) N W OJ o~ V I~ O m V (p M ~p c~') N N if7 W O O O O O O O c0 ~fJ If] ~ M M M M C U N O O O I~ I~ f~ R m M N N N N _J O O O CO O ~ ~ p j M O O c100 [D p_ ~ x N CO O N O N N N (O N O V O ~Y ~ M (O O7 c'7 r m ~ f~ O N 0) O O oJ f7 ln V' ~ !D (D 2 ~2 M 1~ M I~ u7 N u7 N C~N r N cl) M M lI7 r M O p~ m iD c ~ (`cy) 7 IN ~ O CO O N M CD c] (D tD O7 (O N O O O O l[J LfJ L(J lf) CO (O CO (O c") cD c7 (D ~ O O O W oJ oc) o~ O h N QJ N (O ((j f~7 (p M ~ O ~ O (+j ~ O O O O O f~ O 1- lfj I- l[j I- l(j O t(j O u N N f- I~ m I~ I~ N N l!) lfl M th Lr~ tf) p~ O~ N N C~ c) U W cD N CO O ~ O V (N N m ~ (D M ln O t!') O M M - M M N N M (h ? a ln ~ V V CD (O N G) N QJ N M N M N N O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O N O O N r (O N (O N (3) O p O O O O O O tD O) (O O O t~ I~ ~ O O O O ch M f- O O c0 M C.7 ll~ r ~ O1 O O lf'7 Lf7 N lI) m V ~ O N Lr) f~ f~ m I- m O O N m O O N ch N ~ tn t1') W N } m ~ ~ N M W oo ~ ~ ch V ~ O~ ~ O) O L17 O ur) ch co V V V 04 m O N O N 07 OJ m I~ m I~ O) o p o O m N O~ N ~ L ~ N cD m N c0 (o c0 O M c'7 (D m O) c0 M cp m (p N Lr) N ~n O co O W O O O O CO N (D N ~ C~ ~ O U c~ O I- QJ O 1- [7 LA (O M LO (O N c0 N c0 V N V' N U ~ Q C ~ N O O~ co <D Ql a, M M V c`~') O O O O " ~ U t~ a V ~ cD (O O N c0 tn (0 u~ V V oJ N V Ljr) V to (h LO ) t(') d LL ~ y ~ ~ LL ~ I C y N "p 0 O a ~ C C 5 ~ LL C O C 7 (q -O a = 'O N C U LL m Y N U LL C m LL m N m ~ ~C ~ ~ ~ C (1) ~ C U O p O) LL LL C E C ~ N m 3 UJ ~ C LL 0 E V E m o U N 'Y C~ ~ R'S = LL O N ry L J 7 LL ~ ~ U > ~ C C > ~ (0 ~ ~ r a O 0 CI d ~ > ~ O O c y Y C O - ~ t N ~ m C m ~ d 5 ~ ' ~ V N T d d E E l9 ~ ~ ~ ~ j O N > ~ ~ O N O O (,1 y ~ ~ O) U ~ N > ~ ~ d ~ E t R. LL ~ ~ t 'C O C ~ N j ~ ~ 0 _ C O I ~ C 'D O N ep 0 Y = ~ a O p_' C .5 > o a U T ~ , C' O. w D E ~ ~ O LL « ~ U • US O m , p U ~ ~ °o i a c M 0.'S ~ d y . (D 2 ~ d m d N O U7a w l0 V c L d p N ~ ~ d C ~ C m w ~ C ~ ~ (0 . 1 7 'c ' E O > d V c x y U ' ~ m > d . U Z > N N Y ' y ~ ~ a~ ~ N ~ U ~ ~ _ LL O_ ~ ' °n E ~ E U m ~ o c6 H 7 c ~ ~ c Q i ~ E ~ t u 'c ~ 'Fu 2 o 4 a m ~ ~ 0 E ti o ,a U m o~ n ° i U ~ ° ° , ° ° ~ ¢ ci a c ~ ~ y ~ a F - V w F - x x - r C9 d ~ a ° ci c~ t°- F U ° ~ o ~ ~ ~ i U Q F - f - o ~ N N V N O N ~ c- N ~ O O O O Ql m h O oJ ~ o~ l!') tn ~ V ~ V O OJ O O N '1 O O o7 ' O O I~ I~ I~ f~ f~ f~ ~ N (D (O i~ ('7 N O m O c 7 O O uq ~A V V oJ N c) ~ N O oJ o~ 1~ ~ O O O o] N f- N ln O lf7 m (D ln I- pj O N O Lo V 7 M M c{ ~ ~ C (O (D O O M O t() ~ ~ (o f~ i, M O V ~ O ('7 M c0 (`li cD M cD f~ cD I~ N f~ N 1~ Q N x~ O O O V N U~ O f~ M n N O W cl' f~ O) O O 'V ln V Lo (O (h V lf) ~ m N O ~ l(] f- f- cD (O (7 m ~ N N - N f- N m oJ c) W C ~ r ~7 ~O O N m W N a0 O) O N O oq ~ O f- ln 1' ln N In N ln O N N M (N l(~ O O O O t~ l(J I~ uq c'7 Ln c'o lq M th ~ N CO m CO M N CO N [F N O I~ N N l(] O oJ ~ 'T oo O oo O cp (`7 [r - O lo O O V V V ~t co oJ ~ ~ CO Ln o] ln N O tn m N ~ m M M a) V M v) M ln (7 CO ch CD c`7 cD (O c0 cD (O CO ~ C O N f~ V tn V 7 Ln c7 N Ln (D r CO ~ 00 N ~ V O O O O O O a 1- ~ O ln co Lf7 t(J (O (O O) m FD Q lo tCJ c`7 V' u] O u) O N c") Oo M ~ M ch U 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ~ o O cD m O O O O O O O O O O O O CO O) o O 0 O 0 O oi Lo oi tn c•i l() Lri r- o m ~ ~ Qi N 0 o~ 0 co 0 n 0 'o O O O O N O I~ 1- O O N O 6) V r- ~ r- ~ a) M m I.i 4J 'O } 7 O N N lf'J O ln co N V O m uo N O N O O) [D (h O N (D ti') li~ ln Ln ln cp ~ Q) O) pj N co oo d: ~ ~ CO c0 N ~ ry ~ m m i~ V N o (71 ln W O o O U-) ~ c7 (+j a) N N cD O O 7 ~ N N C7 (h V N O O V N O O V c~ V m N M N r7 tn lq O U? O u~ N N V 1~ d' U') N O N (O I- u) (h O ~ tn I~ f- W N- 03 m ~ O] ~ 00 a0 N c0 ~0 ~ uQ O: oz N (D a0 m Q~ O O c ( D cD O O (D CD N O M ch N oo (D c0 I~ 7 V' - V V u7 ~ Q ~ C~ ~ V O O M (O c0 M f- N ~ 7 c0 O u-) V O) V' m W 07 M ~ c'7 O Lf) M V' M N O M O h Lo Lo N U C d Oc7 c0 c0 m tn N N cD c0 N l(J N lfJ M ln tt~ O f~ c f~ QJ [O O) c0 N a X W co N ~ C 3 ~ y LL LL > > C ~ a) C LL lL 3 C C C U (p C C 2 C LL LL LL. LL N Q1 C ~ CD C O O OI C m (n U) c E a r Q) E p) ~ c ~ LL ii x i c Q V V Y :c - LL N y N J LL C u- ~ U ~ C C C ~ O u O 0 p C ~ C (n ~ O « N 4 L ~ N ~ N N N m p > m N ~N Yl N O On ~ N 7 E t~ N LL ~ LL E C E r E C C N > > N > O 'O N 'O O S] ~ ~ ~ H d O > r ~ ~ D O U 0 ' ° ~ 2 a O T c c o > U n i a y a o _a 8 v 0 ~ U m O U m U U o a "c ~ts .6 ° a o .O - d °7 m ~a m p ~ Z c 2 m m a) 0 T 0 c m m a ~ ~ ~ • c 'c 'c > y c a~ Z ~ Z a~ o N ~ ~ N U . ~ ~ E ~0 N Q ' N N y D p ~ ( n p L lL O ar ~ LL 7 ~ ~ Q~ ~ Q ~ y 7 N C y a' ~ ~ ( ' V ' o d ~ o ~ u U E o L ~ m ~a c 0 ~ ~ ~ o 2 ~ E E ` ° a~i a > 06 a w a o a U in P = U y ~ a° cn w U = x a u a o ° U F X O x a ci ~ = ~ . ¢ c~ U F F N N ~ ~ N d W C ~ E 1~ N Q ~ ~ ~ O O N a Q ~ 0D0U4~ C O ~ ~ O U ~ E ~ ~ ~ 7 ~ C 0) d W N C Q7 E N d Q7 ❑ ~ Ln Lo °o °o v v lr~ Lq U oo co ui 6 m m oo co C N C N N n r N N ~ M ch M M (O (D x ~ O O O c`7 O M N N c7 C7 C m -D O cw) a) 0) ~ N N O tf j u~ 'O c0 cD O O m Q1 00 oJ } Yu M W M o] O O O O r, N P- N C 7 d U CO (D N O) N O) CO N CO N M ch ~ Q ~ ~ U ° ° ° ° o o o o ui ui Lri ui ~ ~ o ~ o o 0 ~ o) o o u5 ui } m V V M C~7 N N r- r C ~ -C 76 ~ O V O C 7 U ~ Q ~ u? L~ N N U Cfl cO r- M N M N d ~ C 7 'p y LL C u) LL U) 0 'O C m p C ly ~ o N C 0] 7 LL j a) LL 1) N O O (v C • ~ 'O m O U 7 ? O C d ~ 00 7 U ' w U ~ N E x °o ~ Z ~ a O Z O ~ ~ W ~u N a m ~ ~ a ~ u) fl x ~ ' M ~ ~ (`J ° N N (9 - Q m O ~ F- fV a i ~ o N J J J a J -o J Lt7 l(~ O O m ~ -u N N O O c0 cp ,D ~ CO W ~ (D CO N r oJ r C~ ~ 0: N 7 V c6 n" x I~ m f~ W N 7 o.~ V ~7 m c~ c7 C ~ r ~ ~ O O (R c D ~ V V O O c0 0] I-' _ W ~ W O O ~ N N CO cD G U V (h V M V V N Q ~ U ° ° ° ° o o o o ri ri co co ~ ~ o, r ~o r ~o v v (D -o } °v °v rn rn m v v c~ ro N N CO (D c.o (o N N -It L C 7 U ~ Q ~ Q) C O O CO cD Ql ~ co V C ~ Q ~ r~ r n d x w ~ 'o c ~ N LL LL V ~ C otS 00 CO C ~ N O N O L57 C m C 3 LL 7 u- N N C ~ R c0 O 0 7 O O o > Z a>i ~ Z ~ E d E a~ a i ~ N C7 ~ ~ '5 M ~ A ca a ~ c a ~ o ~ N O ° ~ - ~UGG~S ~ X N N 7 ~ ~ a x w c a) E N a N ~ O O N Q