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07-Monitoring actual revenues and expenditures verses the adopted budgetCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Depattment: Presented By: Agenda Item No.: 03/16/2010 Council Date: Finance Gene Anderson 7. 03/22/2010 RECOMMENDED MOTION: Motion to approve the February 2010 Financial Report as presented. POLICY ISSUE(S): Monitoring actual revenues and expenditures verses the adopted budget. 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: February 2010 Financial Report ACTION: BUDGET INFO: Z Financial Report Z Minute Order Expense $N/A ❑ Department Report ❑ Resolution Budgeted Amt. $N/A ❑ Presentation ❑ Ordinance ❑ P bli H i ❑ O h y'I'D Actual $N/A u ear c ng t er 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 0 Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris 0O Revised 2/04/08 l~~~4 City of Paris February 2010 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are down 1.40% compared to this time last year. 2. Sales tax collections are 10.66% below last year's collections through this month which is .14% ahead of the current budget. 3. Hotel occupancy taxes are 15.14% below this same time last year. La Quinta and Holiday Inn (the older one) were delinquent as of February 28`", but both paid in March. 4. Franchise taxes are down 14.34% primarily due to much lower quarterly remittances from Atmos Energy. Information provided by Atmos indicates that the drop is due to a combination of much lower natural gas prices and slightly lower sales volume. TXU Energy payments are also lower this year. 5. Permit fees are up $3,441 compared to last year. 6. Municipal Court fines are down 11.85% or $20,959. 7. Hanger lease payments and interest earnings are down $36,943 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 15.279'o from last year. 9. Miscellaneous collections are up and this is primarily due to the $85,060 TML equity return to the City related to general liability and worker's compensation insurance. Because it is a non-profit insurance pool, TML periodically refunds member cities any excess reserves built up over time. There was also a$13,167 TXDOT reimbursement of routine airport maintenance at Cox Field. 10. Total General Fund revenues are 5.70% below last year's receipts at this time due to the lower gas and electric franchise payment plus slower property tax payments. General Fund revenues to date equal 55.46% of the budget while the City is 41.669'o through the budget year. 11. Total General Fund expenditures are 7.709'0 less than last year through this month. General Fund expenditures to date equal 38.289'0 of budget while the City is 41.669'o through the budget year. 12. Water revenue is down 5.00% reflecting the unusually large rainfall we have experienced while sewer revenue is down only.759'0. Miscellaneous revenues appear to be up only because they have not been offset by any major charge offs. 13. Total Water & Sewer Water revenue is down 3.19% 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 39.739'0 of that budget. This percentage is behind the budget to date percentage of 41.66%. 14. Total non-debt Water & Sewer expenses are 13.289'0 lower than this point last year and amount to 34.40% of the current budget not including the debt appropriations of $3,954,125 and debt payments of $2,757,872 made to date. (In last month's report I overstated the debt expenditures to date by erroneously including the general obligation payments in the total.) Total Water & Sewer expenditures to date are 44.919'0 of budget if you include the appropriations and payments for debt. Departmental Expenditure Summary: At this point the City is 5 months or 41.669'o 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 4 departments whose expenditures are over 41.669'o at this time. 1. City Cterk-44.65%. The overage amounts to $4,761 and is primarily due to the three pay periods in December. 2. Police-42.43°Yo. The overage amounts to $41,349 and is due mainly to the purchase of vehicles early in the budget year. 3. Traffic & Lighting-49.53%. The overage amounts to $34,107 and is due mainly to expenditures for electricity. 4. General Expenses-42.16%. The overage amounts to $8,428 and related to IT purchases for equipment. 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. Public Works has made a one-time capital purchase causing it to be over 41.66% of its budget (54.90°Yo). 4. Sanitation has made a one-time capital purchase causing it to be over 41.669'0 of its budget (43.17%). 5. The Traffic & Lighting Department has made a one-time capital purchase causing it to be over 41.669'0 of its budget (83.72%). 6. The Garage has made its only budgeted purchase of a vehicle and has spent 98.67% of the budgeted amount. 7. EMS has purchased equipment for the year causing it to be over 41.66% of its budget (102.14%). 8. Water Distribution has purchased its backhoe and dump truck placing them at 99.13% of budget. 9. The Waste Water Treatment Plant has made vehicle and equipment purchases bringing them to 52.419'0 of budget. In the Collegiate Drive related construction fund: 1. $403,300 has been spent for engineering, surveying, and issuance fees which will be reimbursed by the issuance of certificates of obligation. The bulk of this money went to TxDOT for the City's share of the portion of road that the State will be working on. General comments to the City Council: Over 999'0 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. Net to Date Comparison 7. Description February 2010 February 2009 February Net to Date General Fund Taxes Collected 6,031,477.82 6,117,144.89 (85,667.07) Sales Tax 2,435,642.42 2,726,497.21 (290,854.79) Hotel-Motel Tax 208,042.05 245,169.15 (37,127.10) Franchise Fees 1,139,643.87 1,330,525.39 (190,881.52) Permits 26,145.12 22,703.67 3,441.45 Court Fines 155,802.52 176,761.92 (20,959.40) Leases & Interest 76,194.83 113,138.06 (36,943.23) Fees & Copies 5,917.00 7,240.42 (1,323.42) Lamar County Fire 150.00 750.00 (600.00) Sanitation Fees 543,445.99 543,724.82 (278.83) EMS Fees 908,953.14 1,072,791.90 (163,838.76) State Revenue 27,938.24 30,131.08 (2,192.84) Miscellaneous Fees 172,563.64 72,362.71 100,200.93 Water & Sewer Transfer 312,500.00 312,500.00 - Summer Programs 7,843.55 10,252.10 (2,408.55) General Fund Total Revenues 12,052,260.19 12,781,693.32 (729,433.13) General Fund Total Expenditures 8,305,450.17 8,999,178.12 (693,727.95) Net to Date 3,746,810.02 3,782,515.20 (35,705.18) PEDC Fund Sales Tax 487,128.47 545,299.42 (58,170.95) Interest Earned 6,815.24 39,730.99 (32,915.75) Loan Payments 190,000.00 190,000.00 - PEDC Fund Total Revenues 683,943.71 775,030.41 (91,086.70) PEDC Fund Total Expenditures 793,283.14 473,957.64 319,325.50 Net to Date (109,339.43) 301,072.77 (410,412.20) Water & Sewer Fund Sewer 2,178,204.47 2,194,800.41 (16,595.94) Water 3,056,648.19 3,217,833.64 (161,185.45) City of Irving 74,355.95 (74,355.95) Interest Earned 20,248.87 24,932.78 (4,683.91) Miscellaneous 187,891.90 110,601.97 77,289.93 W&S Fund Total Revenues 5,442,993.43 5,622,524.75 (179,531.32) W&S Fund Total Expenditures 3,214,182.17 3,706,492.60 (492,310.43) Net to Date 2,228,811.26 1,916,032.15 312,779.11 February Department Expenditure Summary 1 3/5/2010 K,- 000027 Net to Date Comparison l. Description February 2010 February 2009 February Net to Date Capital Projects Fund Interest Earned 4,185.47 6,338.91 (2,153.44) Auction Proceeds Capital Projects Fund Revenues 4,185.47 6,338.91 (2,153.44) Capital Projects Fund Expenditures 888,166.77 371,542.04 516,624.73 Net to Date (883,981.30) (365,203.13) (518,778.17) WW&SS Rev Bond 2000 Construction Interest Earned 4,434.57 7,586.48 (3,151.91) WW&SS Rev Bond 2000 Const Revenues 4,434.57 7,586.48 (3,151.91) WW&SS Rev Bond 2000 Const Fund Expenditures Net to Date 4,434.57 7,586.48 (3,151.91) Equipment Replacement Fund Interest Earned 31,677.94 (1,936.74) 33,614.68 Equipment Replacement Fund Revenues 31,677.94 (1,936.74) 33,614.68 Equipment Replacement Fund Expenditures Net to Date 31,677.94 (1,936.74) 33,614.68 CO 2010 Construction Fund CO 2010 Construction Fund Equipment Replacement Fund Revenues - - - Equipment Replacement Fund Expenditures 403,300.00 - 403,300.00 Net to Date (403,300.00) - (403,300.00) Special Funds Special Funds 17,065.78 33,784.89 (16,719.11) Interest Earned 142.78 134.91 7.87 Special Revenue Funds Revenue 17,208.56 33,919.80 (16,711.24) Special Revenue Funds Expenditures 28,137.78 25,167.90 2,969.88 Net to Date (10,929.22) 8,751.90 (19,681.12) Child Safety Fund Interest Earned 37.47 30.85 6.62 Donations 30.00 16,569.50 Child Safety Fund Revenues 67.47 16,600.35 (16,532.88) Child Safety Fund Expenditures 10,259.18 5,777.56 4,481.62 Net to Date (10,191.71) 10,822.79 (21,014.50) February Department Expenditure Summary ~6o002 r~ 3/4/2010 ~ Net to Date Comparison l. Description February 2010 February 2009 February Net to Date Health Department Interest Earned - Fees & Grants 392,946.40 488,983.74 (96,037.34) Health Department Fund Revenues 392,946.40 488,983.74 (96,037.34) Health Department Fund Expenditures 390,885.79 356,517.12 34,368.67 Net to Date 2,060.61 132,466.62 (130,406.01) Grant Fund Grants 318,031.66 248,900.56 69,131.10 Interest Earned 17.00 Grant Fund Revenues 318,048.66 248,900.56 69,148.10 Grant Fund Expenditures 493,685.12 366,823.04 126,862.08 Net to Date (175,636.46) (117,922.48) (57,713.98) Water Contract Fund Interest Earned 9,097.52 9,097.52 Deposits Billed (340.50) (340.50) Water Contract Fund Revenue 8,757.02 8,757.02 Water Contract Fund Expenditures Net to Date 8,757.02 8,757.02 Community Development Block Grant Interest Earned and Fees 1,725.55 1,732.83 736.03 G ra nts Community Dvl Block Grant Fd Revenues 1,725.55 1,732.83 736.03 Community Dvl Block Grant Fd Expenditures 1,450.00 350.00 Net to Date 275.55 1,382.83 736.03 Home Buyers Assistance 2009 G ra nts 60,000.00 60,000.00 Home Buyers Assistance 2009 Revenues 60,000.00 60,000.00 Home Buyers Assistance 2009 Expenditures 40,000.00 40,000.00 Net to Date 20,000.00 (20,000.00) Texas Department of Community Affairs Grants 0.92 0.92 OCC Payments 1,500.00 1,500.00 TX Dept of Community Affairs Revenues 1,500.92 1,500.92 TX Dept of community Affairs Expenditures 1,500.00 1,500.00 Net to Date 0•92 0•92 February Department Expenditure Summary 3t~ 0Q023 3/4/2010 Net to Date Comparison 7. Description February 2010 February 2009 February Net to Date Tax & Rev CO 2000 Const Fund Interest Earned 169.87 342.11 (172.24) Tax & Rev CO 2000 Const Fund Revenues 169.87 342.11 (172.24) Tax & Rev CO 2000 Const Fund Expenditures 9,618.33 Net to Date (9,448.46) 342.11 (9,790.57) CO Series 2002 Construction Fd Interest Earned 3.57 3.83 (0.26) CO Series 2002 Construction Fd Revenues 3.57 3.83 (0.26) CO Series 2002 Construction Fd Expenditures Net to Date 3.57 3.83 (0.26) Revenue Bonds Sinking Funds Transfer to GO Refunding 2003 75,000.00 260,000.00 (185,000.00) Interest Earned 28,152.17 23,925.52 4,226.65 Revenue Bonds Sinking Funds Revenues 103,152.17 283,925.52 (180,773.35) Revenue Bonds Sinking Funds Expenditures 2,757,872.52 3,056,005.03 (298,132.51) Net to Date (2,654,720.35) (2,772,079.51) 117,359.16 Tax & Rev CO 2000 I&S Fund Tax & Rev COs 2000 I&S 501,016.17 472,738.52 28,277.65 Interest Earned 206.81 303.52 (96.71) Tax & Rev CO 2000 I&S Fund Revenues 501,222.98 473,042.04 28,180.94 Tax & Rev CO 2000 I&S Fund Expenditures 568,196.35 389,668.13 178,528.22 Net to Date (66,973.37) 83,373.91 (150,347.28) Tax & Rev CO 2002 I&S Fund Tax & Rev COs 2002 I&S 443,165.50 411,251.18 31,914.32 Tax & Rev CO 2002 I&5 Fund Revenues 443,165.50 411,251.18 31,914.32 Tax & Rev CO 2002 I&S Fund Expenditures 352,436.25 342,824.75 9,611.50 Net to Date 90,729.25 68,426.43 22,302.82 2003 GO Refunding Bonds Cert. Of Oblig. 2003 I&S 391,861.39 368,297.73 23,563.66 Interest Earned 196.39 177.86 18.53 2003 GO Refunding Bonds Revenues 392,057.78 368,475.59 23,582.19 2003 GO Refunding Bonds Expenditures 379,025.00 46,000.00 333,025.00 Net to Date 13,032.78 322,475.59 (309,442.81) February Department Expenditure Summary 040063 0 3/4/2010 ~ Net to Date Comparison 7. Description February 2010 February 2009 February Net to Date Library Memorial Fund Interest Earned 99.50 127.06 (27.56) Memorial Donations 1,697.59 2,151.80 (454.21) library Memorial Fund Revenues 1,797.09 2,278.86 (481.77) Library Memorial Fund Expenditures 1,793.13 932.07 861.06 Net to Date 3.96 1,346.79 (1,342.83) Library Expendable Fund Interest Earned 225.74 385.77 (160.03) Donations Library Expendable Fund Revenues 225.74 385.77 (160.03) LibraryExpendable Fund Expenditures - - - Net to Date 225.74 385.77 (160.03) Library Permanent Fund Interest Earned 0.84 0.89 (0.05) Donations Library Permanent Fund Revenues 0.84 0.89 (0.05) Library Permanent Fund Expenditures Net to Date 0.84 0.89 (0.05) February Department Expenditure Summary 5 ~~0 0 631 3/4/2010 c O ~ Q E O U i E E N 7 wt- a C Q w h V ('7 N (`7 00 ~ Lo ) I- 00 00 1, N V M V V O (O V N cD -o Lq I- 00 N 1~ c'7 tD O N (O N V O (O M I. 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U W d d ln tn H U W U d J U U d ~ 0 ,--I 0 V m ~ ~ ~ ~ N 7 ~ v Q w v E ~6 a ~ ~ 7 -0 Q1 LL 4. 000632 O ~ Q ~ lJ ? ~ E E N N ~ a C Q W C ~ m a v 0 -o N ~ N U C ln OJ O 0 00 CO N f- N aO d' OJ U~ (O m V ('7 V 1- 00 01 M M M N C7 0D h N m (O a0 00 O O OJ h M I~ O (O O) 0 O O O O O O m W V W (O O O O N I* N V ~ O O O O O O O O O O O O V OO M M O N 1~- o~ ~ O O O O O O O O O O O O O O O U') N OJ 01 (O O O O °o a`0 N ~ ~ C m m u~ ~ ~ ~ ~ r~ h 1~ O ~ o ~ C7 r N O ~n N R Ln m M 0~ ~ rn f~ m V d' N (O r~ N ~ p~ L!7 O Oc) m 00 oJ ~ 1~ ~ (O (O O O O c0 (D O O O m 01 O O N N O O O O O O O O (O O aO O O O O O O O O O O u~ Il O O ~p p~ ~ c0 O O ~ V (h V 06 "T v) OJ O) c0 c0 N N (0 c0 N m ~ f-- c0 m ~ I~ d' M N c'~ I~ N N N W M O) M O N O1 V [O O O O V 00 c0 ch O M ~ O 1~ O O O O (O (D c0 u) V N ~ R O O O O O O M V O N Q ~ ln N W M } O m V a0 V N 1- ln cD [O N I~ M M cD o ) (O M ('7 iA O ln M V I- O O a0 I- t- cD a0 00 O O O O O o O O o O O O O O O c0 m 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 0 O O 0 O O 0 O O 0 O O O 0 c, a) ~ N Y ~ m N oJ O N N V I- N O m N N lo N w ~ O V I~ (O (D O) O N N O O) (`7 V ~ Ci (`7 V OD IA M O O N 00 ~ (O O C. ~ 1, (O N O V N N t~ N a0 O f- N O ln a0 1- N tn 1- O O Ln N O O O O m V O O 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 L ~ t0 ~ t6 ~ N ~ N cnD (O O O m I, c0 N ry O ~ L(] O O N ~[J O c0 1- O O O O O O O O O O O O O ~ C ~ ~ a) U ~7 Q LL ~ I~ 07 ~ O N (h 12 ch In ~ ln M N (D o 1~ N O O U a -o O C o ~ 0 N 0 M 0 O 0 N 0 V 0 N 0 O 0 N 0 O o O N V o O ° ~ o O 0 O 0 O 0 O ° M ° ~ o O 0 O 0 O 0 O 0 O 0 OD 0 O c 0 ~ N ~ C~ cq ~ cR ~ r-: ~ N ~ r ~ O O ~ N O O O O W O O m O O O O O O O O ci M ~ O O O O O O O O O O I- O O } W ~ N Y N <f (O m M m ~ o f- m O o O N V (h OJ N O O c7 a0 O O O O O O O O O V (O O O O (O O O f~ O O 1n O O O O O O O O N O O ~ O O Cl) c0 O O O O O O O O O O ~ tn O O O (O 'O ~ p ~ C p d (p - N N CO oJ W Lo ~ N N V O aO (,7 O CO CO O LO a ln ln N V En 0) N N aO O N N O O ~ t") V ('7 O N 7 CD I_ ~ N N N f- V ~ N If7 N 00 O) CO (O V I~ N N Lf'J O N N O O m O O O Lo C C7 ~n V M N ~ Fu C m O O N O 1A N ~ (l) O O V N 7 N N V D I - ~ jp ~ m M V c0 V CO O o0 c0 Ln c0 oJ lf~ m t~ N o oo c0 a0 r ~ (D ln o O O ~ N o0 o O O 0 O O o O O cD c+) m c0 o O V f~ 0 O I- c0 0 O o V 0 O o N 0 O O o0 0 O oJ oO 0 O U7 C7 o O 1- N co O a0 o O O a O O O o O O rn R O) N o O V u7 N O O 7 N N CO V 00 iA ' Lq oc aO f~ N N M V N o O a0 m Q N -It W M (O 00 O OD O cO ln O c0 N m c0 f- ( 7 ch V N OD N N N I~ N V I- N O ln 1~ O N o 1~ I~ (D R iA N } M 0 0 0 0 o 0 0 i 0 0 6 0 0 0 0 0 0 0 0 i 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 p ~ ~ m V M (3) M 1~ r M O) m c O iA N ri M W 00 O) (h ~ oi O I~ N ~r N ~ ~ ao I- v (O 0 O N N 0 O O LC7 0 0 O O N 0 O M m 0 O ~ I~ 0 O O l1) ~ri O O m o C. 00 O 0 O N p 0 O O 0 O LQ O 0 O O V 0 O N N 0 O O O 0 O O O 0 C. N h 0 C. ~ Lo N } ~ m O m c0 N a0 N m LQ r N m V M Lo m M 01 N M (7 N N N L[7 N O V' m N I- Lo N L(7 N aD V' tn v rn m v v rn o co m r~ rn oo a eo o 0 p- 0 o 0 0 0 0 0 o 0 co 0 0 0 0 0 0 0 0 0 0 0 0 0 o 0 co ~n 0 o 0 0 o o rn v o o ~ N (0 N Lo f- ~C) O V O Il- O c0 O oD ~ 1~ f- m V (h N V O M N I- O O O O V O O] O ~ V h ~ N ~ O CO N N c0 c0 I~ N (0 O ~ m ~ O O O (O O ~ O p C ~ ~ U N Q L ~ h I~ N h (O ~ CV C M CO N N I~ <D (7 N tf) 00 O (h M I~ u] (O i. 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O O M O O O O c0 O O O O O O O O O (h M O O f~ LO O V ~ O O O O m aD O O O I- O h 0) CO 0) 0~ tn Oi O N O N (O (h o cm Cl ~ D O ln O (O O t0 t17 10 M h N N Y ~ m D N N c7 N 2 c0 O1 cD m I- (O (h N 00 O N O M O O O O c0 O c0 (D (D O O h O O O O I- L O (V O m O O O O O~ O W LO lI7 I- f~ N O O O O N O ~ O ~ O O O O ~ O N N 1- O O O O I~ N ~ (0 V N ~ N ~ h ~ I~ ~ LQ ~ LQ O O = C = (d C) L'1 L[7 7 V V V Q L ~ c0 cD V 'd L U a i~ a) m a ~ c ° c ° o o c c o~° o~° c o o c o~° o~° o o c o e o c o O d o 'n ~ o CO o 0 0 0 ~ ~ ~ o o ~ o o m r o ~O N } a o O O ~ O O O O ~ ~ ~ O O M ~ M (D O o O o O ~ W 0) O V O (h O O O O N O N N N a0 O O O O N .a O O N O O O O N O N 00 W N N N O O ~ N N N ' lD c0 N O OJ O O O O oJ V N O O O O M ~tl m O m N O O ~ C p d 'p O (`7 (O OJ O O Lf) M l17 V) O t+J M O (+J M O I- N 2 ~ N (O N O O N c0 O N N I-- cl O I- m O O) I~ N M I- c0 CO (O V a O Lf7 M ~ N X ~ O N aO N (O m O V O '7 M 0 m (D (O [O M (p h a0 I~ (p O m C ~ N Lf) O c0 O f~ O O O O 00 O [O 00 00 m Q) N O O O O N ~ o m o r o 0 0 0 rl~ o r n r~ ~ o rn o W~ ~p V I~ O (O O O 0 0 (O f- ~ ~ ~ uO N O M O N iA O ~ N (1) N ~ (D O M O M ~ N V N ('7 LO N LC) N N c0 a0 a0 Lf) M tD C~ cD (h N CO O F ~ U V N I~ 01 N N M O M O N N ln N N O O O O] O 01 LC) O) 00 N a) f+l m N ~ Q N 7 7 M (h M V' } 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 9 9 O O O 9 9 O O O O O O O O O O O In O O O O O O O O O (O (O aD 0 M O N OJ O ~ m O V O N O O O - O O O O O O (D V (O 7 LO a0 ln a0 ~A (`7 I~ V7 00 (h f`') O I- (O Ln M tn V O) OD W ~ ~ LA O ~ N Y ~ m N 02 N ~ u7 c0 N O O ~ ~ ~ r ~ N N Lf] O O O m O O O O N O N O O O O O O O O O O L O O O O~ O O O O (O O (D O O h 1- I- O (O O O c7 O O O O (O LO O O O 00 O W O N O O O N O O V I~ V f- m N~ O V c0 O O V c0 (0 f0 V' ln h h OJ oJ (O 1l fl 07 O M N O O N c`) (h m O N ~ Q 7 M M M h I~ (D 1- l1 U a a) o a - o ' = o ° o 0 0 0 o a o 0 0 0 0 0 0 0 0 0 0 C O CD N ~ O O N O O O O O O O O OD M M W, N 03 iA 00 UJ N O N O (O O Q M ~ C. 0 V N ~ N F. 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