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07-Deliberate on January monthly financial reportCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 02/16/10 Council Date: Finance Gene Anderson 7. 02/22/ 10 RECOMMENDED MOTION: Not an action item. POLICY ISSUE(S): Financial oversight BACKGROUND: Section 69 (3) of the Paris city charter 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: January 2010 Financial Report ACTION: BUDGET INFO: E Financial Report ~ Minute Order Expense $N/A ❑ Department Report ❑ Resolution Budgeted Amt. $N/A ❑ Presentation ❑ Ordinance y'I'D Actual $N/A ❑ Public Hearing ❑ Other Acct. Name N/A Acct. Number N/A FISCAL NOTES: REVIEWED AND APPROVED BY: Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris Revised 2/04/08 - D00~``~ City of Paris January 2010 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are down 3.28% compared to this time last year. January 315t fell on a Sunday this year which gave tax payers until February 15` to make or mail payments without penalty. According to LCAD, a total of $2.5 million dollars was paid or mailed on February 1S`. The City's portion of that collection ($932,368) was not reflected on the January report and explains why collections are down at this point instead of up. If that collection had been reported on the January report, collections would be 13.50% ahead of last year. 2. Sales tax collections are 8.60% below last year's collections through this month which is 2.623'0 behind the current budget. 3. Hotel occupancy taxes are 3.169'o below this same time last year. La Quinta and Holiday Inn (the older one) were delinquent as of January 315t 4. Franchise taxes are down 12.55% due to a much lower quarterly remittance from Atmos Energy (down $96,262 for the quarter that ended September 2009). Information provided by Atmos indicates that the sales volume for this quarter was down 5.479'o from the previous year. The bulk of the drop in fees to the City is due to the drop in the price of natural gas. The price of natural gas ranged from $14.10 mcf down to $5.59 mcf during the July-September 2009 quarter. The City can expect a similar fee decrease for the quarter ending December 31, 2009 which will be paid in February. 5. Permit fees are up $7,586 compared to last year. 6. Municipal Court fines are down 13.949'0 or $17,245. 7. Hanger lease payments and interest earnings are down $25,301 compared to last year but this is due to the somewhat irregular timing of these 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 are down 12.369'o from last year. In addition to decreased run volume, collections from individuals have slowed. 9. Miscellaneous collections are up and this is primarily due to the TXDOT reimbursement of routine airport maintenance completed at Cox Field. Under GAAP if this reimbursement is received in the same fiscal year as the expenditure it would be credited against the expense account it was paid from. If the reimbursement takes place in the following year as happened in this case, it must be reported as miscellaneous revenue and not a reduction of expenses. 10. Total General Fund revenues are 5.739'a below last year's receipts at this time due to the lower gas franchise payment and slower property tax payments. General Fund revenues to date equal 45.44% of the budget while the City is 33.339'o through the budget year. 11. Total General Fund expenditures are 11.389'0 less than last year through this month. General Fund expenditures to date equal 30.80% of budget while the City is 33.33% through the budget year. 12. Water revenue is down 6.41% reflecting the unusually large rainfall we have experienced while sewer revenue is down 2.01%. Miscellaneous revenues appear to be up only because they have not been offset by any charge offs. 13. Total Water & Sewer Water revenue is down 4.45% from last year. This reflects the decreased water sales and the completion of reimbursements from the City of Irving last year. Water & Sewer revenues to date equal 31.77% of that budget. This percentage is behind the budget to date percentage of 33.33%. 14. Total non-debt Water & Sewer expenses are 13.819'0 lower than this point last year and amount to 27.219'0 of the current budget not including the debt appropriations of $3,954,125 and debt payments of $3,885,358.15 made to date. Total Water & Sewer expenditures to date are 48.34% of budget if you include the appropriations and payments for debt. The largest portion of the water and sewer debt is paid in December each year. n(~nP4_3 Departmental Expenditure Summary: At this point the City is 4 months or 33.33% 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. Within the General and Water & Sewer Funds there are 5 departments whose expenditures are over 33.33% at this time. 1. City Clerk-35.509'0. The overage amounts to $3,454 and is still due to the three pay periods in December. 2. Police-34.90%. The overage amounts to $83,836 and is due mainly to the purchase of vehicles early in the budget year. 3. Traffic & Lighting-36.71%. The overage amounts to $14,662 and is due mainly to expenditures for electricity. 4. EMS-33.849'0. The overage amounts to $11,482 and is not a significant amount for their 2.24 million dollar budget. 5. Warehouse-33.35%. The overage amounts to $17 and is not significant. In the Capital Projects Fund: 1. Community Development has exceeded its budget amount due to expenditures for the One Oak Apartments Project. This project was not specifically budgeted for but will come out of reserves. 2. The Engineering Department over spent its budget by $767 in purchasing a vehicle for that department. 3. The Garage has made its only budgeted purchase of a vehicle and has spent 98.679'0 of the budgeted amount. 4. Water Distribution has purchased its backhoe and dump truck placing them at 99.139'0 of budget. 5. The Waste Water Treatment Plant has made vehicle and equipment purchases bringing them to 34.479'0 of budget. In the Collegiate Drive related construction fund: 1. $72,520 has been spent for engineering, surveying, and issuance fees which will be reimbursed by the issuance of certificates of obligation. General comments to the City Council: 1. 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. 2. 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. ; fl(l~'~;.~ Net to Date Comparison 09b Description January 2010 January 2009 January Net to Date General Fund Taxes Collected 5,372,004.23 5,554,360.18 (182,355.95) Sales Tax 1,788,999.71 1,957,348.61 (168,348.90) Hotel-Motei Tax 213,660.36 220,647.01 (6,986.65) Franchise Fees 769,483.24 879,992.62 (110,509.38) Permits 23,105.89 15,519.17 7,586.72 Court Fines 106,431.29 123,676.98 (17,245.69) Leases & Interest 63,714.39 89,015.92 (25,301.53) Fees & Copies 4,464.70 6,295.62 (1,830.92) Lamar County Fire 150.00 600.00 (450.00) Sanitation Fees 434,757.60 435,349.49 (591.89) EMS Fees 754,430.15 860,897.22 (106,467.07) State Revenue 27,938.24 30,131.08 (2,192.84) Miscellaneous Fees 62,742.80 48,968.34 13,774.46 Water & Sewer Transfer 250,000.00 250,000.00 - Summer Programs 2,908.55 2,312.30 596.25 General Fund Total Revenues 9,874,791.15 10,475,114.54 (600,323.39) General Fund Total Expenditures 6,683,713.60 7,542,072.75 (858,359.15) Net to Date 3,191,077.55 2,933,041.79 258,035.76 PEDCFund Sales Tax 357,799.93 391,469.70 (33,669.77) Interest Earned 6,230.20 38,979.06 (32,748.86) Loan Payments 152,000.00 152,000.00 - PEDC Fund Total Revenues 516,030.13 582,448.76 (66,418.63) PEDC Fund Total Expenditures 793,283.14 333,360.51 459,922.63 Net to Date (277,253.01) 249,088.25 (526,341.26) Water & Sewer Fund Sewer 1,731,482.27 1,767,076.12 (35,593.85) Water 2,453,585.94 2,621,912.25 (168,326.31) City of Irving 74,355.95 (74,355.95) Interest Earned 13,824.43 21,237.16 (7,412.73) Miscellaneous 153,770.11 70,817.27 82,952.84 W&S Fund Total Revenues 4,352,662.75 4,555,398.75 (202,736.00) W&S Fund Total Expenditures 2,542,459.10 2,949,901.35 (407,442.25) Net to Date 1,810,203.65 1,605,497.40 204,706.25 lanuary Department Expenditure Summary 1 2/16/2010 - OQQrjSu' Net to Date Comparison ON6 Description January 2010 January 2009 January Net to Date Capital Projects Fund Interest Earned 3,006.03 6,338.91 (3,332.88) Auction Proceeds Capital Projects Fund Revenues 3,006.03 6,338.91 (3,332.88) Capital Projects Fund Expenditures 579,609.78 252,075.11 327,534.67 Net to Date (576,603.75) (245,736.20) (330,867.55) WW&SS Rev Bond 2000 Construction Interest Earned 3,439.34 7,586.48 (4,147.14) WW&SS Rev Bond 2000 Const Revenues 3,439.34 7,586.48 (4,147.14) WW&SS Rev Bond 2000 Const Fund Expenditures Net to Date 3,439.34 7,586.48 (4,147.14) Equipment Replacement Fund Interest Earned 30,890.51 (1,936.74) 32,827.25 Equipment Replacement Fund Revenues 30,890.51 (1,936.74) 32,827.25 Equipment Replacement Fund Expenditures Net to Date 30,890.51 (1,936.74) 32,827.25 CO 2010 Construction Fund CO 2010 Construction Fund Equipment Replacement Fund Revenues - - - Equipment Replacement Fund Expenditures 72,520.00 - 72,520.00 Net to Date (72,520.00) - (72,520.00) Special Funds Special Funds 10,833.39 30,726.48 (19,893.09) Interest Earned 105.81 139.30 (33.49) Special Revenue Funds Revenue 10,939.20 30,865.78 (19,926.58) Special Revenue Funds Expenditures 25,517.16 23,904.94 1,612.22 Net to Date (14,577.96) 6,960.84 (21,538.80) Child Safety Fund Interest Earned 32.10 30.85 1.25 Donations 30.00 816.44 Child Safety Fund Revenues 62.10 847.29 (785.19) Child Safety Fund Expenditures 10,259.18 - 10,259.18 Net to Date (10,197.08) 847.29 (11,044.37) January Department Expenditure Summary 2 2/16/2010 » ~~0r,ci Net to Date Comparison 7. Description January 2010 January 2009 January Net to Date Health Department Interest Earned - Fees & Grants 300,050.35 419,798.16 (119,747.81) Health Department Fund Revenues 300,050.35 419,798.16 (119,747.81) Health Department Fund Expenditures 317,111.09 291,974.42 25,136.67 Net to Date (17,060.74) 127,823.74 (144,884.48) Grant Fund Grants 291,643.92 221,897.23 69,746.69 Interest Earned 17.00 Grant Fund Revenues 291,660.92 221,897.23 69,763.69 Grant Fund Expenditures 423,620.82 322,805.77 100,815.05 Net to Date (131,959.90) (100,908.54) (31,051.36) Water Contract Fund Interest Earned 7,480.35 7,480.35 Deposits Billed (165.50) (165.50) Special Revenue Funds Revenue 7,314.85 7,314.85 Special Revenue Funds Expenditures - Net to Date 7,314.85 7,314.85 Community Development Block Grant Interest Earned and Fees 1,379.06 1,387.76 736.03 G ra nts Community Dvl Block Grant Fd Revenues 1,379.06 1,387.76 736.03 Community Dvl Block Grant Fd Expenditures 1,450.00 - Net to Date (70.94) 1,387.76 736.03 Home Buyers Assistance 2009 G ra nts 50,000.00 50,000.00 Home Buyers Assistance 2009 Revenues 50,000.00 50,000.00 Home Buyers Assistance 2009 Expenditures 40,000.00 - 40,000.00 Net to Date (10,000.00) (10,000.00) Texas Department of Community Affairs Grants 1,500.00 1,500.00 Home Buyers Assistance 2009 Revenues 1,500.00 1,500.00 Home Buyers Assistance 2009 Expenditures - Net to Date (1,500.00) (1,500.00) January Department Expenditure Summary 3 2/16/2010 OOQPS412~ Net to Date Comparison Est Description January 2010 January 2009 January Net to Date Tax & Rev CO 2000 Const Fund Interest Earned 131.75 342.11 (210.36) Tax & Rev CO 2000 Const Fund Revenues 131.75 342.11 (210.36) Tax & Rev CO 2000 Const Fund Expenditures Net to Date 131.75 342.11 (210.36) CO Series 2002 Construction Fd Interest Earned 2.77 3.83 (1.06) CO Series 2002 Construction Fd Revenues 2.77 3.83 (1.06) CO Series 2002 Construction Fd Expenditures Net to Date 2.77 3.83 (1.06) Revenue Bonds Sinking Funds Transfer to GO Refunding 2003 75,000.00 220,000.00 (145,000.00) Interest Earned 19,856.00 18,115.35 1,740.65 Revenue Bonds Sinking Funds Revenues 94,856.00 238,115.35 (143,259.35) Revenue Bonds Sinking Funds Expenditures 2,757,872.52 3,056,005.03 (298,132.51) Net to Date (2,663,016.52) (2,817,889.68) 154,873.16 Tax & Rev CO 2000 I&S Fund Tax & Rev COs 2000 I&S 451,629.34 430,412.79 21,216.55 Interest Earned 188.14 303.52 (115.38) Tax & Rev CO 2000 I&S Fund Revenues 451,817.48 430,716.31 21,101.17 Tax & Rev CO 2000 I&S Fund Expenditures 395,724.38 389,668.13 6,056.25 Net to Date 56,093.10 41,048.18 15,044.92 Tax & Rev CO 2002 I&S Fund Tax & Rev COs 2002 I&S 399,481.20 374,430.61 25,050.59 Tax & Rev CO 2002 I&S Fund Revenues 399,481.20 374,430.61 25,050.59 Tax & Rev CO 2002 I&5 Fund Expenditures 352,436.25 342,824.75 9,611.50 Net to Date 47,044.95 31,605.86 15,439.09 2003 GO Refunding Bonds Cert. Of Oblig. 2003 I&S 353,234.31 335,322.92 17,911.39 Interest Earned 156.88 177.86 (20.98) 2003 GO Refunding Bonds Revenues 353,391.19 335,500.78 17,890.41 2003 GO Refunding Bonds Expenditures 379,325.00 46,000.00 333,325.00 Net to Date (25,933.81) 289,500.78 (315,434.59) January Department Expenditure Summary 2/16/2010 Net to Date Comparison cmib Description lanuary 2010 January 2009 January Net to Date Library Memorial Fund Interest Earned 77.03 127.06 (50.03) Memorial Donations 1,480.00 1,531.80 (51.80) Library Memorial Fund Revenues 1,557.03 1,658.86 (101.83) Library Memorial Fund Expenditures 1,373.88 810.12 563.76 Net to Date 183.15 848.74 (665.59) Library Expendable Fund Interest Earned 175.13 385.77 (210.64) Donations Library Expendable Fund Revenues 175.13 385.77 (210.64) LibraryExpendable Fund Expenditures - - - Net to Date 175.13 385.77 (210.64) Library Permanent Fund Interest Earned 0.65 0.89 (0.24) Donations Library Permanent Fund Revenues 0.65 0.89 (0.24) Library Permanent Fund Expenditures Net to Date 0.65 0.89 (0.24) January Department Expenditure Summary 5 2/16/2010 - 0 0 0 r, 5,i fD v ~ ~ a v ~ O CO (O I- (D f~ (D m V ` (D N CO ~n O N 't m I~ O t+J N m N o V 4? c0 0~ cV cV cr~ 1~ V O W N O O C] (h (O O I~ M V 1- M O N I~ N LD N ln cD ~D N 7 N C1 W Ql V CO w O M O O O oc M O ( V ~ M M O 11- N (O I~ V ln (h 'IT m (h M l17 N O o (L) C N O I ~ N O M N m 1~ O (O V v N O] I- (li O N l1J c0 O cD O d ~p O l() M W OJ ~ N ' (O N f~ CO m u') V' M CO ~ O] O M N ~ N ~ ~ O) ~(J ~ N 7 O M ( 7 t V ~ O 6~ c0 1- V' I- O) ln [h N M N d' I~ (D ('~7 O1 m n V cD ch W t- M ~ V 1~ M QJ ~ c0 C :D CO N M N N O m m N M N N M ~ lA c0 M O (O m m O I~ c0 W 03 O N M 00 47 O 7 f~ O V N M m M ~ ~ ln N N (O O I- O I- CO OJ l{') ~p M 1o 00 V O QO 0o m m h W [O Ln tn (O CO (O Lo O M O N O m O ~ V' 00 O ~ O (O m ch c0 h V (h ~ c0 V N M u) V N f~ c0 m CO ~ (0 O O U ~ O M 4 oJ ~ m M N ~ f~ N O OJ (O f- c0 l[) m ~ M ~ iA n ~ M W M W ~ N ~ O W V M N 7 O N V N O) V V N W 1~ M O V ~ ~ V t( I- M Q O N M M M I- N LO M i(7 N ('7 a) N r-7 } O m tS') a) a) m ~ V ~ m uo ~ N I~ lC1 V O ~ O N ~ O Oo O O O O O~ M t~ N (O ~ 7 Cp M tn V (h V N N V O 7 V O V O O O O 00 0) (D tn O V N N (D I-- I- O M 6) tn ln O (O N O (O O Q) O N V V V f- I- CO tf7 m CO O m t~ f- I~ o~ O ' O I- O O O (3, m ~ Q) -D cy) L17 ~ o ~ N O n O ln 00 N M 't N O a0 I, O) N O V) Lt O O O M V' N O (O M 00 N t! ) ~r) O O ch uQ O ln c0 O I~ N } N M (D ` M c0 (D IfJ * a0 V V O (D N m V I~ N ln O ~ N O N m N 7 c N ~ 'V ~ (O a0 V ~ N ~ u7 N N M CO M ~A V (O O u~ M N N c7 N ' 07 M "T (D m (h m N N m I~ (D W O f~ ch f- O = t` ) ~ N M c`7 O (D W I~ (D I- I- O7 ln O fl ln OJ f~ O O M ~ M O ~ (~7 N M 62 OJ u) N Lr) V M N m W (h N O O O 0 m (N o) N V' V V O I- V LL'1 N I` O (D 1- ln N M f- r ~ m (D 1- O - OJ M d' CO N L'i I~ (O LC7 N W CO M In LQ C l(7 N tn W 7 ~ C 2 l[J V M ('7 V' N CD (O } (h N (O m m W V M O M O (D N N ~ ~ a N M N ~ ~ O I~ V (D O N N N u~ O m N V ~ ~ N M ~17 U N ~ o 0 0 0 0 0 0 o e o 0 0 0 0 0 0 o a 0 0 ° o e o 0 0- ~ C M Oo <f N N V O V f~ V CO O N I~ (O c0 O W o M ~ CO l[J l1J 0 ~ ~ V ~ O I~ V' I- V' a0 ~ c0 (D (D O (O ln M tn ~ ~ ~ 6) aO O CO ~ O o. N I - f~ M o c0 N c0 N ~ N M (0 V (p V M 0 N 7 n tn O N } w N M M M M M M M M M M N M N N M M N ~ M V' ~ M N ~ (h O N 't M ~ N N O ~ m M N O7 N I~ ~ M CO O O ~ I~ f0 C] CO ~ I~ ~ 1~ O (O ~ ~ V N ~f7 ~ O V' N 1l M O V V OJ N " N I~ m N (h o~ cp O I~ M h m N O u~ ~ 1~ CO O c0 M V f~ O N f~ N O ch CO N ~ f~ V O O ~ oJ N N O N O ~ O C C ~ m V a0 oJ (O tn V N c0 u7 ~ N c~'1 N 1~ oJ C O N m ~ f~ O p, ~p I~ (O a0 N N CO V c0 M O h , m (p ~ O cD O O V ~ N N N x c0 O ~C7 O ~ N M V N V N o o~ I~ O~ N (O N M V ~f) f~ op tf~ m M M V V W M I~ I~ N V M V O a0 M N C ~ M N ~ N W ~ t~ O N cD f~ 00 N O LI7 h o0 N W M m 1- ~ ~ 47 CO ~ 7 M N N m M O N (O f. ~ 0o O m N ~ I~ N ( O O ( O (0 ~ ~ (D ^ m N C7 N 01 O co a0 N c'7 V N 'cY N O M N O (h V ln N Lo m CD ' N W V ' t~ N m ~ N N h N O N O OD N O O j O F-- U 6) N Lq 1- n a0 N (O ~ CO ( m N 00 N ( 7 C M (O ~ O u] (O CO Lo O LL) ~ a) 1~ lIJ Lq O 7 M (O N V (O I- c+) N h O Cfl N M N N 1- f~ ln LO CD h O M c0 ~ ~ L~ 0) c0 N r- 7 a0 (Y7 tn O1 ~ Q a0 N N M M f~ N tn (D I~ h } co 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 8 8 9 O O O O O O O O O O O O O O O O O O O O O O O ('7 o N N m m N N 07 O m o N M M m (D O c0 m O N c0 Ln c) 1.- O (0 N M O 07 M 7 N O O O V 07 tn O O O h a0 O O ~ c~ O 7 u~ V L' CO V 7 m N N ~ L(7 oJ Lo I, O LQ I- N 't h O M (h CO ln M O) <t M t~ aO N O f~ o0 ~ CD O O ~ 1, M OJ 00 O N N O -t N ' M 2 O u~ ' O LA uO O M M M m V CO N V' CO h a) (h v~ m N ct N Ln ( 7 CO O It N 07 Lq IT N N M c0 (O (D cp ~ O LD CO N N M N O 11- M M 'cr (O In tn O 0) tn (O m (p M N M a) aO N O (O N O a0 L N Q~ 00 m ~ 4 V (O O N O m N O N N I~ u~ M O c'7 O O) c0 O (O Lf] V t6 c0 (D d' M V ~ N O V tn a) N I- (D N ln (o M 1- V O o] ln O o0 N O If) f0 O [O cp N V V' ln N I~ h N M l3 N f-, x V ~ m N N m V (h 7 m In cD I~ CO I- OJ ln h lt7 f~ ~ C R (O f~ I- (O C (D M (h u7 c0 m (O ~ f~ ~ f- M ~ o6 N N C ~ U N M N N (h M ~ m a) M N (O V I~ tn r- r- ~ Q ~ j M N ~ U a o d o o a o° o o a e o° o 0 0 0° o 0 0 0 0 0 0 0 0 0 0 0 0 CO o) O) O O (1) O W ~fJ m CO LA (O 'ct I~ O O aO ~ O 0 N c0 ~ a0 u) ~ I- 0) V V N CO Q) V W o h V' p N N 1~ a) N F- Q m I- N Lo 7 N O~ m m M M c0 N c'~ ~ N N O N N ui } N M N c'7 M M c'7 M N N N M N M M M M M ~ M N ~ N W ~6 ~ 10 O C O ~ ~ U7 LL U ~ C C m N a) ~ o 06 T ~ N O r a r ~ Q G7 ~ C 0 (0 3 J V ~ o N v, N > ~ ~ C ~ T O a'S ❑ tn m Q ~ .C] ~ ~ a) L 0 LL U m c U ~ ~ c ~ ` U 2 U Q -p X U u m ~ c o u - c ~ ~ r ~ a~ o ns d ~ c ~ c W a~i E ~ p m a a~ c ~ ~ ~ y ~ a) a m iv m o d O E C U vj ~ ~ U 0 1 ~ jl G C ~ ~ Y u U - a~ E 'a > n Y c ~7 ~ ~ ~ x ~ c c ~ ~ a a o ° ~ w W a i ~ c w a a i n in c~ U a ~ c7 U d o 0 1-i 0 "0 N T E E 7 N N 7 ~ C N Q W C E T v ~ ~ ~ ~ . nr ~ ~l O Q ~ O V i ~ ~ N 7 ~ C N Q ro v ~ ~ Q N ~ M o] CO - I~ ' M m a O N O O O O O O O O O V O O O O O O u7 O a ~ ~ ` ~ ~ ~ V O M O O N O O O O O O oJ N O O O O O N O ~ "O ~ m f~ CO CO LD M cO V (`7 N It cM 0] I~ O O O O O O O O O O O O OJ O o c C O 0c M 1~ O ~ O O O I~ N u~ (O ~ N M ~ ~ O d td I~ V ~ O m M V V OJ ~ I~ V N ~ p M N ~ N r ' ~ ( m N m O? ~ V N m lQ (7 L N ~ (`'7 O ~ I~ c0 M O cD N O ~ O O O O O O O O O cD O O O O O O N N 7 W N O) ~ O CJ O O i(7 p O O O O S. CO O O O O O ~ 1~ O O O m ~ O) 6 O O O O O 1f) O O O O c0 N O O O O O O Q Q~ (0 N M C ~ V O if7 I~ N O O) (D f~ CO O O O 7 O U 1~ tf7 V M (O m ~ N o C0 Lo Lt 't M ' ~ Q V (O m V OJ CO (O V m O V N N } ~ 01 'a N cD ^ M m i' Ln ' O f~ O O O O O O O O O O O O O O O O O O cD t ) c 7 O (O O O O O O O O O O O O O O O O O O O M M c ~ m m O O O O (O O O O O O O O O O O O O O ~ ~ ~ N N N N ~ CO N M V O ~ ~ p N -o W N tf7 O CO O V c0 O W O O N~ m ~ r m ~ ~ ~ m N LO Lr) N N i Cl O N C 7 (7 in M N cD ~ m ~ co ~ co n ~ O LO O O O] O O O O O O O O O O O O O O O L N CO fO ~ O OJ O O O O O O O O O O O O p O O O O O m C N, ~ ~ N Noo O u) p O O O O O N O O O O O O O O c6 ~ 0~ IQ M ~ Lr (O oJ V ccop cl) M (O O N V O M N j C Q N u7 N 1~ u7 c0 N O c. N r- U ~ U Q) O a C LO -I ' - ° ° o ~ o ~ o 0 0 0 o 0 ~ 1 ~ 1 - ~ LL~ cD ~ ~ ~ m n O N ~ O O O p O 0 O 0 O 0 O 0 O 0 O 0 W 0 O O_ N m ~j ~p aj ~ ~ O O M ~ O O O O O f~ O } w M M c+7 N N M N ~ N O O O O ~ O O O O ~ ~ O O O O O O tf) oJ ~ N h O I~ m I~ O O O O O V (O O O O O O O O O O O O O O O ~ O (p O ~ O O O CO O O O O O O O O UJ O O O O O O O ~ a) ~ m r O~ m N ~1' c0 (D ID ~ GD O O O O o7 I~ O ~ O O N M a0 O O O V m ~(J N (h o N r' m r ry O O 1 - CO O O O O N I - O O OO I~ ' r c0 't Q) oJ N m ~ O N O V 00 N i N O N O O c a0 M O 0. c6 O7 c0 in 00 N V ~ O M o O I- d' V N ~ M M ln O O I- (D N m O O X N U1 m ~ (O M M N m ~ I~ p cD ~ N oJ ~ Y u7 N C N N M N N d ~ ~ O V Q> m O M' M O O O O (O (O O O O O O O O O O O O O N N u 7 m O ~ O O O M O O O O O O O O u7 O O O O O O ~ O ° O N CO V N O O) O O O m W I~ O O O O OJ I~ O O O M V 0 0= n w o ~ o o n `r' co n co 0 ~ m ~ ~ ~ ~ ~ ~ h N s O M - O I- U (~~j ~ U O m O c N oJ N h 0] I~ c'7 O O] CO ~ N ~ Q ln (O V N CO ~ N V CO t~ N (O ~ CV O O O O O O O O O O O O O O O p 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 ~ M lo M m ~ 00 O O O O O O O ~ O O O O O O O p ~J ~ ~ ~ ~ ~ O N I~ O O O O O p O O O O O O O O O O O O O ~ M ~ N O O M ~ O O W N tn O N o O N O v) p N "O M ~ I~ m 2 N ln aO 'V CO N tn N u~ m O ~ O O V N O O I, ~ N 1' m CO W ~ ~ c M m N m N N W N 1- m ~ N M M N V N N O n N c0 N h i- O h O O p O V O O O O O O O O O O O L V (O N ~ ~ O ~t O O O O N O O O O O O O O O O O O O O O ` ~ N (D 00 ln M N O O O O O M ' O O O O O O O O O O O O O f6 ~ O C~ ll~ O ~ (O O u ) O h O) O O o) c) ~ C = o~ ~ V N rn c0 N Q ~n N 7 CO N I~ I~ O ~ Q ~ N I~ (D ln V O N I~ ~p ~ U a c5 a~ e° o 0 0° o 0 o ~ a° o 0 0 o ° ° o a° o o e O ~ N M v N ~ N rn CO v (D Ln I~ ~ N O O O ~ o O rn 7 O ~ O ~ ~ O 0 O 0 O N ~ N F- 0- M O M ~ ~ O O O ~ d: O O ~ O V O ~ Y w M c+J N N N M M ~ O O O N O O M O ~ ~ ~ M O O O M ~ A O F U ~ ~ U7 O a) E 7 E C~ ' C ~ N E U V c6 LL a O A S N L O U ~ m y .O C o C C i 4 ~ C ~ pl V C 3 C m O ~ ~ (6 c f- ~ ~ O - 3 J o ~ ~ c C o 0 a i ~ y cm ~ a a~ N O - ~ m N s ~ ~ ~ m j ~ ' (/I N C = -O O ~ f C (6 N C a N ~ Ol Y U ~ S ~ T N cD C a (0 > ~ 3 C C ~ ~ ( KS j ~ ~ N O U) ~ t6 O O ¢ ~ E ~ ~ 0 ~ ~ m C U7 O m d ❑ f0 ~ 43 8 y ~ •a U ~ c .'3 ~i ~ ~ ~ Z' ` 3 m ° m m 3 m ° m ~ y ~ E ~ 3 ~ ~ ~ (n > > J Q U cU U O a i~ O C 7 (4 O u ~ lU E U w a a, cn > ~ c7 w ~ 5 5 5 0 ~ 0 ~ N > E ~ 7 N v 7 ~ C Q X C E ra Q ~ ~ c ~ i I^' r u 0 0 o rn o 0 0 o m m co 0 0 0 0 o co o co m o 0 0 o co r~ o 0 o v v co o r cv o c,4 ~ 0 o O O o 07 p ( uj O O O) O) Oi O h O c0 0) C U C N o O N ~ M M V ~ f~ m O~ ln ON G) lLXj O N O ~ m N ~fJ N O N c17 M (O I- Ln m N ~ ~p ~ (O C~ W Cp C V V D 47 O O O m O O ~ r O p O O O O O N N V O O N N LO O O N O I~ (p O i~ O ln O O O O O M ~ CD co (D c~ O O o O ~ ~ ~ ~ ~ O O O O M O O I~ ln Q cD N O) m O) M Q O 1-. V (O N M O M I~ N N Q o N N m p> O N ( N N N N M } O O O O O O O O O O O O O O O O O O M M ln O O O7 O M O O O O O O O O OJ N I~ p 1~ i(7 p p c ~ O ~ O O O O O O O O O M ch O O I- tn O V o ~ ~ O O f0 O O O f~ O I- a~0 N m ~ ~ c.~j p7 -o O ~ ln N O M N ~ m N m m (rp ~ r oo O O O O O O m O C. O O O O O O O M O ('7 O O N N ~ O O O O ~ O O O ~ O O O O CO op O O c0 W O O O p I* Nt t~ 07 p O O O O O OJ M m m ~ r~ ~ ~ rn o rn o co v cfl a C N V ~ N N N ~p Q W W cD cp U ~ rn d a o 0 0 ° o e o o 0 0 0 o e o a O C O O O O N ~ O O O O M ~ ~ ~ N p p (1) M c0 m o ~ ~ ~ Q ~!7 6 O O O O O 6 ~ 6 6 O O N N N O O ~ O N x O 0 O N O O O O C O O ~ M M 6 6 4 6 ~ W ( j O O 7 O O N N O O O O O O O O ~ O It N N O O O W N (D N O ~ O O O O N N O V O7 N po O ~ O V V ~ oo 0 LA rl~ M O O O) f- O ~ U O O O O INC) t~ ~ ~ c0 V O N O N V 7 I~ (1) l(J V' ~ ~ G N ~ ~ O N N ~ N 1- N N M W M aD N I~ W I~ W f~ Lr) h W O ( m O ' lf) ~ ~ M ~ (D ~ n ~ C C~ N cD (D V W ~ N ln ~ O O CO N O O N I~ O O O O O O CO O (O N N ~ m N O O O O N (t7 ~ d' I~ ~ O ~ ~ O O O O N O O N ~ f~ O CO V' f~ Qj pj O 7 O T O o O O M m O O ~ ' ~ N O c0 O O ~ M c 0 ln ~ C O Lq ~A N u) N (`7 N M (NO O F U N c~0 N ~ [O m N N Q ~ N co N (`7 (+J ('7 ` V } O 0 O 0 O 0 O 0 O O O O O O O O O O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O 6 O O O O O O O O O (O (p Op l(j (+j O N N O ~ ~ ~ N O ~ O O O O O O (p V (p d' t(7 oJ L() N ~ M t M M o] W ~ ~ oo C7 O m N ~ N O O oO c0 CO ~ n N O ' O i~ Im f~ N lt] Ld O O cD W O O N M O O O O oJ O o7 O O M O O O O m S O p O O O O O O O V V V O O O O ~ cD M n ~ O O O O ~ O ~ O O I~ I~ tCj O (O O O ~ ~ cD t- O) N ~ N N N N V V N Cm0 c~ C N U ~ p N cN (U Q (O (D V t~ ~ j U ~ U ~ ~ d ~ o 0 o 0 0 0 0 0 0 0 o a o o a o 0 0 0 0 0 O ~ N Iq ~ O M O oJ N (O m ~ < N N O. O . .0 O O O 7 D (O (O O ~ O M ( O } W M p N C 7 O O O O M (D ~ if7 ~ Lo M c'7 7 O V' O O 1~ LL W ~ IC 10 !0 (0 ip ~p F- O U O ~ p c ~ O F- O H O H O ~ p ~ o N F p a' .O U ~ c C (D o N C 2 ~ LL E E _ ~ LL a) ~ ` = U y o m m c a c 7 ~ ~ `u H > c in X W c ~ a) LL ~ ~ a~ ~ Y N d p > > ~ ~ ia ~ U p m m m E ~n m ~ m i ~ ~ p Li a ~ ~ ~ ~ ~ o a p A ' ' N p~ U O p7 N 3 ~ ~ ~ a r ~ ~ ~ ~ E ~ a u i rn ~ ~ in ~ U N m ° v = _ a ° a w a i~ ci a a 0 ,-i 0 t~D N ~ E E 7 N N ~ ~ N Q Y ai ~ ~ Q ~ ~ ~ Cm 9 0 ~ Q E O C.1 > E E 73 N ~ a C Q ~ C C ~ Q QJ ~ O o O O O o O O O O O O 6) O O] N p O N N O O N 'p N O O O O O O ~ ~ ~ N N N ~ N ~ O ~p O (p O O O O O O m C ~ d M M h I~ W W V '7 W o~ O m m ~ m m d~' ~ C p~ N N M ~ ~ O O O O O O O O O O O O M O ('7 O ~ ~ tn ln O O N { O O (p O O O O O O ~ l(j ~ co I~ N f~ N O O ~ ~ O O O O O O 7 O O O O (O (O c0 CO OJ N O O O O N 00 O ~ U N N (O (D C\j ~ Q ~C7 O ~ O 00 M c~7 W M (~~7 ~ ~ a) } M M O O O O O O O O O O O O O O O O p O O O O O O N 0o (+j O co O (lj O co O O O O O O O O m ~ 0 ~q p~ r M n M m M m M r (D r- c0 V 'V 0] ~ t~ O O O O 7 ~ V m (A tn tt] V c`7 M M (7 O O O O O O O O O O O M M O O -C Z. ~ ~ 0 C) Cl O O O O O O O O O O O V V O O O N t. ~ M M O 7 C ~ C a) U (6 Q ~ j U ~ U N m a -o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 °o o ~ o 0 0 0 0 0 °J ~ ~ ~ o o co co ~ ~ ~ o N ,r Q O O O O O O N N ~ ~ C~ O~ O O O O } x O O O O O O r n r r- ~ ID n I~ O w I~ 1- r- r- O O O ~ O O O O O O O O O O O O co ~ N ll N (p N ( lO ln O O aO N O O N ~ ~ O ~f7 O t O O O O N ~ N V) p ln fl co ^ 00 p O p O p~ M p~ + O O ~ c C V n V O O O O ~ ~ N N M m ( J O O N N C7 7 ~ M M o a ~ N x N oo ~ oo ~ co ~ (o m ao O o~ O ri O) ri M v a C m :D a) O O O O O O O O O O O O N ln N ln W M N M L(7 N ~fJ p p CC) co CD C. ~ O O O 0 0 0 O O M N M O O W CR p O p O 0 0 ? V 7 O O oJ a0 ~ ~ V V N C7 N M ~ c'> I- M O ~ U N a V V lfl 1n U~ M Ln M N ~ N M cp I~ t~ 7 M M ~ } N N O O O O O O O O O O O O O O O O O O O O p 6 6 N N O ~ O ~ O O O 4'7 O ~fJ O O O O O O ~ p O ^ ~ O O N 'O O } 00 O N O ~ m U'i O 0 O ~ I~ I~ M M CO N m l u 7 V V M M (`7 M O O O O O O O O O O O O O O O O O O O O O p L ~ ~ 0 0 6 0 O O O O O O O O O O O 0 0 O I- O I- O O 0 0 J C ~ C N U Q U -o U N o-4z c C O ~ ~ O O N N p p n ~ ~ l O O N o N o o 0 O 0 0 N } a O O ci 6 p p N n od 6 O O o O 0 O W 'C ~ ~ m I~ m I~ CO O) rn O O O O C LL m M 7 ~ ~ ~ 'j~ N -a IG f0 i0 l0 ~ . F ~ LL N ~ 7 LL O F C LL O F- C 7 O F w O F . O O , C7 ~ C n LL r F- .o U N ~ o V c Y U) 29 v> a m c ~ 2 E N N E O C L C 3 IL E m ~ y 0- 0 fn O O N O G1 C LL 0 - Q ~ N ry N "O 1o .G N ~ N y p~j O C O O 7 O C O ~ p T p U O D U y E d Y > y - m a~ a > ~ o > ~ o ~ ~ u ~ C x ~ y ~ y w E y ~ E ~ Z ~ E E E m E ~ E ~ o c i a ~ ~s a i ~ °t! a i C/) a i cn x v > a x x ,h ° U o = o ~ ir ~ n a o ~ U U M p ~ 0 N Q J J J J 0 ~ 0 ~ N ? 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