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08- DECEMBER 2010 FINANCIAL REPORTCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: 1 l i 11 Originating Department: Presented By: Agenda Item No.: - - Council Date: Finance Gene Anderson l -24- l 1 RECOMMENDED MOTION: Not an action item. POLICY ISSUE(S): Fiscal oversight. 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: None EXHIBITS: December 2010 Financial Report ACTION: BUDGET INFO: Z Financial Report Z Minute Order Expense $NA ❑ Department Report ❑ Resolution Budgeted Amt. $NA ❑ Presentation ❑ Ordinance y'I'D Actual $NA ❑ Public Hearing ❑ Other Acct. Name NA Acct. Number NA FISCAL NOTES: None REVIEWED AND APPROVED BY: Z Administration 0 City Clerk ❑ Communiry Development ❑ EMS/IT Z Finance ❑ Fite ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris / o Revised 2/04/08 lo City of Paris December 2010 Financial Report Comments Net to Date Comparison of Revenues: 1. Property tax collections are up 3.21% versus this point last year. 2. Sales taxes are up a modest 1.98% ($28,333) over last year. 3. Hotel occupancy taxes are down 9.64%. La Quinta and Ramada Inn were both delinquent in taxes for the quarter ending September 30, 2010 as of November 30'h. La Quinta paid their delinquent tax and penalty in December, but they still owe the related interest charge. As of 1-10-2011, Ramada Inn was still delinquent for the quarter ending 9-30-2010. The City Attorney has sent them a demand letter. 4. Franchise fees are up 3.06% over last year. 5. Interest & lease payments are down $4,853. It is normal for the flow of interest revenue to vary from year to year. 6. Regarding the Fire Department related revenue, the County discontinued their $150 monthly ($1800 annually) support payments last year after making a single payment. The County had made such payments to the City for fire protection services provided to County residents living inside the City limits. They make similar payments to rural fire departments. These payments have been made for well over 30 years. The only explanation given for stopping the payments was that there was no legal requirement to make them. 7. Sanitation fees are up 13.24%. This reflects the rate change approved by the Council last July. 8. EMS fees are up 6.21%. 9. General Fund miscellaneous fees/revenues are unpredictable in nature and amount but do occur each year. Variances from one year to the next are not unusual. The primary difference to date is caused by the $59,580 return of equity payment from the TML insurance pool. 10. Total General Fund revenues are 4.46% above last year primarily due to increased collection of property taxes, franchise fees, EMS fees, sanitation fees, sales taxes, and the TML refund cited above. General Fund revenues to date are 25.63%a of the budget while the City is 25.00% through the budget year. 11. Total General Fund expenditures are 2.90% less than last year after three months. General Fund expenditures to date equal 24.02% of budget with the City being 25.00% through the budget year. 12. Sewer revenue is down 5.94% compared to last year due in part to reduced flow and load from Sara Lee. Water revenue is up 11.73% year to date as the City benefited from a dry summer which caused a longer watering season. Miscellaneous water and sewer revenues are up due to the $149,484 refund received from the US Corps of Engineers on Pat Mayse Lake. Total Water & Sewer revenues are 8.75% above last year and equal 26.48% of budget which is above the 25.00% budget to date percentage. Total Water & Sewer expenses are 3.42% above last year at this point in time and represent 14.56% of the total budget while the City is 25.00% through the budget year. Departmental Expenditure Summary: At this point the City is one month or 25.00% 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 - 1~ distorted expenditure percentage. Within the General and Water & Sewer Funds there are eight departments whose expenditures are over 25.00% at this time. Stability pay for non-civil service employees is paid once a year in November. This payment early in the budget year does cause some distortion in the percentage of expenditures to date. The City pays salaries biweekly resulting in ten months with two pay periods and two months with three pay periods. When the City has a three pay period month early in the year (December 2010), this also causes some distortion in the percentage of expenditures to date. The passage of time will correct this distortion. 1. Municipal Court-26.17%. The overage amounts to $2,709 and is due to the three pay periods in December, payment of stability pay, and office supply expenses. 2. Finance-25.05%. The overage amounts to $247 and is an insignificant amount. 3. Police-27.07%. The overage amounts to $110,286 and is primarily due to the three pay periods in December, stability pay, and wearing apparel. 4. Garage-26.40%. The overage amounts to $3,965 and is primarily due to the three pay periods in December and stability pay. 5. EMS-27.41%. The overage amounts to $51,645 and is primarily due to the three pay periods in December, stability pay, and medical supply costs. 6. Cox Field-27.16%. The overage amounts to $2,449 and is due to the additional $13,247 TXDOT match requirement on the airport runway grant. 7. Library-25.25%. The overage amounts to $1,585 and is due to the three pay periods in December and stability pay. 8. General Expenses-27.02%. The overage amounts to $30,142 and is due to payment in full of the non-profit entities (except for the Models of the Maker which are being funded on a reimbursement basis), the City contribution to the Health Department, CPR training for City employees, and IT equipment purchases. 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. 20 Net to Date Comparison Mob Description December 2010 December 2009 December Net to Date General Fund Taxes Collected 1,648,395.87 1,596,986.89 51,408.98 Sales Tax 1,454,307.71 1,425,974.63 28,333.08 Hotel-Motel Tax 114,555.76 126,783.29 (12,227.53) Franchise Fees 736,544.53 714,658.65 21,885.88 Permits 26,028.40 11,098.47 14,929.93 Court Fines 83,319.83 74,563.88 8,755.95 Leases & Interest 41,779.62 46,633.27 (4,853.65) Fees & Copies 3,119.39 2,997.60 121.79 Lamar County Fire 150.00 (150.00) Sanitation Fees 369,224.40 326,030.86 43,193.54 EMS Fees 636,736.66 599,454.78 37,281.88 Mixed Beverage Tax 14,470.99 14,027.44 443.55 Miscellaneous Fees 89,489.99 52,779.37 36,710.62 Water & Sewer Transfer 187,500.00 187,500.00 - Summer Programs 8,536.45 2,908.55 5,627.90 General Fund Tota) Revenues 5,414,009.60 5,182,547.68 231,461.92 General Fund Total Expenditures 5,072,946.67 5,224,837.64 (151,890.97) Net to Date 341,062.93 (42,289.96) 383,352.89 PEDC Fund Sales Tax 290,861.53 285,194.92 5,666.61 Interest Earned 1,295.71 5,967.27 (4,671.56) Loan Payments 85,533.51 114,000.00 (28,466.49) PEDC Fund Total Revenues 377,690.75 405,162.19 (27,471.44) PEDC Fund Total Expenditures 189,804.02 220,526.46 (30,722.44) Net to Date 187,886.73 184,635.73 3,251.00 Water & Sewer Fund Sewer 1,228,026.18 1,305,698.36 (77,672.18) Water 2,060,873.21 1,844,464.80 216,408.41 Interest Earned 16,242.64 9,390.47 6,852.17 Miscellaneous 260,609.87 119,195.47 141,414.40 W&S Fund Total Revenues 3,565,751.90 3,278,749.10 287,002.80 W&S Fund Total Expenditures 1,905,083.17 1,842,078.63 63,004.54 Net to Date 1,660,668.73 1,436,670.47 223,998.26 December Department Expenditure Summary 1 1/7/2011 21 Net to Date Comparison l Description December 2010 December 2009 December Net to Date Capital Projects Fund Interest Earned 396.62 1,546.69 (1,150.07) Auction Proceeds Capital Projects Fund Revenues 396.62 1,546.69 (1,150.07) Capital Projects Fund Expenditures 40,936.03 478,623.40 (437,687.37) Net to Date (40,539.41) (477,076.71) 436,537.30 W1N&SS Rev Bond 2000 Construction Interest Earned 1,218.23 2,269.24 (1,051.01) WW&SS Rev Bond 2000 Const Revenues 1,218.23 2,269.24 (1,051.01) WW&SS Rev Bond 2000 Const Fund Expenditures Net to Date 1,218.23 2,269.24 (1,051.01) Equipment Replacement Fund Interest Earned 29,964.73 (29,964.73) Auction Proceeds - - Equipment Replacement Fund Revenues - 29,964.73 (29,964.73) Equipment Replacement Fund Expenditures Net to Date - 29,964.73 (29,964.73) CO 2010 Construction Fund Interest Earned 3,449.10 - 3,449.10 Bond Proceeds - CO 2010 Construction Fund Revenues 3,449.10 - 3,449.10 CO 2010 Construction Fund Expenditures 392,209.31 - 392,209.31 Net to Date (388,760.21) - (388,760.21) Special Funds Special Funds 0.42 8,850.73 (8,850.31) Interest Earned 63.04 (63.04) Special Revenue Funds Revenue 0.42 8,913.77 (8,913.35) Special Revenue Funds Expenditures - 24,303.08 (24,303.08) Net to Date 0.42 (15,389.31) 15,389.73 Child Safety Fund Interest Earned - - Donations 28.95 25.81 3.14 Child Safety Fund Revenues 28.95 25.81 3.14 Child Safety Fund Expenditures - 10,259.18 (10,259.18) Net to Date 28.95 (10,233.37) 10,262.32 December Department Expenditure Summary 1/7/2011 22 Net to Date Comparison immb Description December 2010 December 2009 December Net to Date Health Department Interest Earned - Fees & Grants 238,376.83 173,562.16 64,814.67 Health Department Fund Revenues 238,376.83 173,562.16 64,814.67 Health Department Fund Expenditures 236,387.14 249,633.65 (13,246.51) Net to Date 1,989.69 (76,071.49) 78,061.18 Grant Fund Grants 710,342.38 265,256.18 445,086.20 Interest Earned 26.34 17.00 9.34 Grant Fund Revenues 710,368.72 265,273.18 445,095.54 Grant Fund Expenditures 476,156.94 369,719.33 106,437.61 Net to Date 234,211.78 (104,446.15) 338,657.93 Water Contract Fund Interest Earned 4,736.91 5,776.04 (1,039.13) Deposits Billed 150.00 (15.50) 165.50 Water Contract Fund Revenue 4,886.91 5,760.54 (873.63) Water Contract Fund Expenditures Net to Date 4,886.91 5,760.54 (873.63) Community Development Block Grant Interest Earned and Fees 1,207.82 1,030.61 736.03 Grants Community Dvl Block Grant Fd Revenues 1,207.82 1,030.61 736.03 Community Dvl Block Grant Fd Expenditures - - Net to Date 1,207.82 1,030.61 736.03 Home Buyers Assistance 2009 Grants - 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 Interest Earned - OCC Payments - TX Dept of Community Affairs Revenues - - TX Dept of community Affairs Expenditures 1,253.00 - 1,253.00 Net to Date (1,253.00) (1,253.00) December Department Expenditure Summary 1/7/2011 19 q Net to Date Comparison ash Description December 2010 December 2009 December Net to Date Municipal Court Tech Fee Municipal Court Tech Fee 3,174.71 3,174.71 Interest Earned 61.51 61.51 Municipal Court Tech Fee Revenue 3,236.22 3,236.22 Municipal Court Tech Fee Expenditures Net to Date 3,236.22 3,236.22 Municipal Court Security Fee Court Security Fee 2,381.10 2,381.10 Interest Earned 91.08 91.08 Municipal Court Security Fee Revenues 2,472.18 2,472.18 Municipal Court Security Fee Expenditures Net to Date 2,472.18 2,472.18 Municipal Court Child Safety Fee Child Safety Fee 287.87 287•87 Interest Earned 24.82 24.82 Municipal Court Child Safety Fee Revenues 312.69 312.69 Municipal Court Child Safety Fee Expenditures Net to Date 312.69 (312.69) Municipal Court Time Pay Fee Time Payment Fee 469.38 469.38 Interest Earned 7.86 7.86 Municipal Court Time Pay Fee Revenues 477.24 477.24 Municipal Court Time Pay Fee Expenditures Net to Date 477.24 477.24 Police Conf Fds-Gambling Interest Earned 7.00 7.00 Police Conf Fds-Gambling Revenue 7.00 7.00 Police Conf Fds-Gambling Expenditures Net to Date 7.00 7.00 ludicial Fofreiture Fee Judicial Forfeiture Fee 3,501.90 3,501.90 Interest Earned 15.10 15.10 Police Judicial Forfeiture 3,517.00 3,517.00 Police Judicial Forfeiture Expenditures Net to Date 3,517.00 3,517.00 December Department Expenditure Summary 1/7/2011 AA Net to Date Comparison Em2b Description December 2010 December 2009 December Net to Date Tax & Rev CO 2000 Const Fund Interest Earned 67.76 86.93 (19.17) Tax & Rev CO 2000 Const Fund Revenues 67.76 86.93 (19.17) Tax & Rev CO 2000 Const Fund Expenditures - Net to Date 67.76 86.93 (19.17) CO Series 2002 Construction Fd Interest Earned 2.02 1.83 0.19 CO Series 2002 Construction Fd Revenues 2.02 1.83 0.19 CO Series 2002 Construction Fd Expenditures Net to Date 2.02 1.83 0.19 Tax & Rev CO 2010 I&S Tx & Rev CO 2010 I&S 37,807.53 14,838.20 Interest Earned 0.63 0.63 2010 GO/W&S Refunding Bonds Revenues 37,808.16 - 37,808.16 2010 GO/W&S Refunding Bonds Expenditures - Net to Date 37,808.16 - 37,808.16 Revenue Bonds Sinking Funds Transfer to GO Refunding 2003 14,838.20 75,000.00 (60,161.80) Interest Earned 15,264.33 (15,264.33) Revenue Bonds Sinking Funds Revenues 14,838.20 90,264.33 (75,426.13) Revenue Bonds Sinking Funds Expenditures - 2,757,872.52 (2,757,872.52) Net to Date 14,838.20 (2,667,608.19) 2,682,446.39 Tax & Rev CO 2000 I&S Fund Tax & Rev COs 2000 I&S 133,043.57 (133,043.57) Interest Earned 150.30 (150.30) Tax & Rev CO 2000 I&S Fund Revenues - 133,193.87 (133,193.87) Tax & Rev CO 2000 I&S Fund Expenditures - 395,724.38 (395,724.38) Net to Date - (262,530.51) 262,530.51 Tax & Rev CO 2002 I&S Fund Tax & Rev COs 2002 I&S 125,958.20 117,681.46 8,276.74 Interest Earned 313.37 313.37 Tax & Rev CO 2002 I&S Fund Revenues 126,271.57 117,681.46 8,590.11 Tax & Rev CO 2002 I&5 Fund Expenditures 357,336.25 352,436.25 4,900.00 Net to Date (231,064.68) (234,754.79) 3,690.11 December Department Expenditure Summary 5 1/7/2011 - - 25 Net to Date Comparison 7. Description December 2010 December 2009 December Net to Date 2003 GO Refunding Bonds Cert. Of Oblig. 2003 I&S 111,815.51 104,057.77 7,757.74 Interest Earned 541.84 156.88 384.96 2003 GO Refunding Bonds Revenues 112,357.35 104,214.65 8,142.70 2003 GO Refunding Bonds Expenditures 772,432.50 379,325.00 393,107.50 Net to Date (660,075.15) (275,110.35) (384,964.80) 2010 GO/W&S Refunding Bonds Cert. Of Oblig. 2010 I&S 126,199.21 126,199.21 Interest Earned 846.96 846.96 2010 GO/W&S Refunding Bonds Revenues 127,046.17 - 127,046.17 2010 GO/W&S Refunding Bonds Expenditures - - - Net to Date 127,046.17 - 127,046.17 Library Memorial Fund Interest Earned 58.90 50.76 8.14 Memorial Donations 985.75 1,115.00 (129.25) Li6rary Memorial Fund Revenues 1,044.65 1,165.76 (121.11) Library Memorial Fund Expenditures 523.95 1,216.85 (692.90) Net to Date 520.70 (51.09) 571.79 Library Expendable Fund Interest Earned 129.22 115.63 13.59 Donations 1,228.77 1,228.77 Library Expendable Fund Revenues 1,357.99 115.63 1,242.36 LibraryExpendable Fund Expenditures - - - Net to Date 1,357.99 115.63 1,242.36 Library Permanent Fund Interest Earned 0.47 0.43 0.04 Donations Library Permanent Fund Revenues 0.47 0.43 0.04 Library Permanent Fund Expenditures Net to Date 0.47 0.43 0.04 December Department Expenditure Summary 6 r~ t+ 1/7/2011 G (3 N c0 O ch a0 M V f~ oJ M O Lfl N W sf O O W O tD f~ t- ~ V (O V c+l q M V N N N O~ W O CO a0 f0 O M M tC! 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O R c~ ~ (O O~ O O ' 7 N M a0 c0 O O R O~ N ~ c, ~ -p L C1 CO O W f0 V N a0 O t[ 1 m m f- N C7 O m O ~ N O ('7 ' N Y ~ m m N N V ch N (O CD V ~ c7 c0 V m ln V N N O CO O N Lq ~ V OJ N a N ~7 (O ~ V ln N ~ m ~ M V M ln c7 N N ~ m O W h CO M O m c0 tfi I~ O c0 ch O (O tn O ~ a N ~t c0 (O N N N lf7 N at a0 N O h at O O N O lf) ~ h (D c0 ~ M V It V T M O f~ oO m O u~ a0 O oJ N O N ~ E 7 C O] ~ N M OJ O) N f~ aO ~ : M ~ M N V O Lo v N Il I- (O V V ~ m O M oq N O f0 ~ N (O (O O V ch O m m in V ~ V ~ ~ N U N M N ' N f- C~ M N u) M N f a0 (D a0 ~ V I Q) W a0 N V N c ) N ~ V N I- V ln N m ~ N th L ) oo O ch M ~ Q ~ U Ln M N m ~ a~ ~ o 0 0 < o 0 0 0 0 0 0 0 0 0 o a o 0 0 0 0 0 0 o a o ~ N ~ ' ~ f~ O lIi f~ V R M O t~ I~ <O O f0 N N N M O O N In c 7 h N O O OJ N ~ c7 V W f~ f~ V V p N O 0 O ~ N ~ a W O N (O -,t Lfl f- V N M O (D O] oJ I~ t0 I ~ f ~ 1~ V O~ V w N N N N N N N N N N N N N N N N .d N O C O F- 7 F- ~ U LL C ~ ~ ~ Z ~ C y ~ m E n a E ~ " ~ O y °C C j, f0 p7 J ~ V w N 0 01 a ~ Q > O 3 V ~ ~ y > (3) C - N T O 4'S Q- T O U. c m c V ` ~ ' ~ o u c: = a ci a ~ x W c ~ ~ ~ m c cu ° m a ~ m - c c ~ ~ ~ m ~ o 03 s m c aD B u~ r ~ m a~ cm E o Gf o U 2 Q V U U ~ vi ~ EP lL m C C U C d ~ T C 7 ~ O U ' N ~ E ~ ~ ~ X ' ~ C N C ~ V Q W d N c7 U U ~ U U O ii O C 7 f0 f6 i 0 O f6 ~ 7 O W U Q a U w a a cn n ~ w U a c U a o ~ ~ 0 n e\-1 > m E E v ~ ~ C N Q X c N E ~ f0 C 0 w E v ~ - - 27 T C E Y N n v ~ m v ao 0o rn 0 v o r o o v ao 0 0 0 0 0 0 0 0 0 0 0 0 0 0 "0 N V (O N ~ N V O M O O (O O O O O O O O ~ O O O O O O N 'O ~ N I~ 0 1n O I~ U~ th 1n O] N M ~ ln N m O) O N O O m a0 f7 W c'7 i!] c0 UJ m O In O O N N M f~ c'7 O O N O O O h 1- ln (O 7 (O C'~ p c ~ O l17 aD m oJ m O c'7 V O C N ~ W l'7 N c'7 N f0 V' O c0 a0 M N O a N t- O (O O O cV e~ V N L2 aO sf LO [O 7 0 (D ln N O ' W c7 <+i N X m f- ~ ~7 1~ tn ' m f M L (O ln 0 O M N lf) O N (O l[ 1 m O m l N ( 7 0 Q N ~ V N V N V N C D N ch N CO N N a c0 O M O O (O N O O O O O O O O O O O O O O y f~ lC) c'~ f~ O f~ LO O tD O O M a0 O O O O O O O U~ O O O O O O ~p N -~r N O 0 O OJ O O (O f0 I~ O O O O OJ 1~ O O O M -~r ~ p ~ f0 ~ c'7 aO c0 O f~ ln a0 O c0 V '7 (O f- O ~f1 O ln c0 aO O f- I- N N aO m V M ~f7 M ~ O ~ CO CO t`'J m (D N M a0 ~ O M O m ch ~ -IT Q N N 00 c7 W V V N In ln V OD 7 a0 N M V N I- If) N W 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 O O O O O O O O O O O O O M (O M M ln 00 O O O O O LO ln O O O O N O O O O O O m m ` M O ' M m O N 1~ N O O O (O O 1I7 O O O GO N O f~ O O ~C7 O ~ a 0 ~ -p V: c`~ < 7 1~ ~ a l! 1 N ~ a0 M O 1- a0 ~ ~ V (D ~ N O 1f9 O N W N N ~ ~ ln O m r) 7 N LO ~ O LQ O lf1 LO V N O O CO o0 N t-- l17 n LI I- N~- 7 O O~ ~ m V m V m M I~ N 0 O m N f- LO O~ W lf) N p~ c0 I~ N W m M m N N N at N V N N C] (h ~ a0 O N ln O I~ O C. tD c% O O O O O O O O O O O O O O N c0 V (O ('7 O LO O O M O O O O O O O O Iq O O O O O O ,L- N h N N at (O M Lo O O O 0 M O O O O O O O z O O O O O O ~ O ~ - V ~ O ~ f0 C ~ f- - cq a O ll~ a 0 OJ ~ N U O M O ~ ~ LL~ ~ R M lC) ~ U ~ Q M N (O V V 7 LO N ~ U a o ~'o o 0 0 0 0 0 0 o e o 0 0 0 0 0 ° o a o ° ° o o a o 0 0 a C M m c'7 ~ N N ~ ~ N ~ ~ N ~ oo O ~ O O ~ n O O O tl'1 M m O ~ N ~ I- CO O 00 ~ OD ~ 0 W GO Q~ O ~ O O ~ N O O O 9 ~ t0 N F a N N I~ ~ oD N ~ ~ ~ ~ r N O r O O V 00 M O O O ~ ~ W r N p) 0) O 7 CO 1n ~ 00 7 O O O O O O O N O O O O O O O O LO O O ~ O c0 ~ a0 N m O N O O O O O O CO O O O O O O O O M O O N -o N O ~O O O (O 00 V O~ (D (O N (O V> LO 0) W O O O O O O O fh oo O O O O O O O O O O O Oo O O C ~ c'~ ~ ~ ~ N N fl ch O V O O ~ r ~ O fl. m a0 LO lf~ cD M N M c'~J a0 O I- 7 O (O N y ~ m 7 M Q~ m c`7 M c`~ 1- tf) 1n '7 O 0 I~ (`7 LO N C m ( 0 M N ~ O CO N ~C7 (D N (O O t~ O O O O O O W O O O O O O O O N O O y O M O ~ 00 1~ O O ~ O O O O O O M O O O O O O O O cD O O jp O iA If o0 N LO O M O O O o O o CD o O O O O O O O ~ O O Q O aO ~J ~ m (D 7 aD O cD O ~ U LO N V ~ r ~ M N M ~ I~ ~ O O O ~ LQ N <T M N Q M 10 N V ( O Im N (D } 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 Ui Ln c'7 N O 0 M O O O O O O O O O O O O O O O O O O ~ O ~ ~ V O) M tn I~ O O O O O m ~ ~ y -p c+0 a m 7 N W ~ R N V a0 O ~ I~ c'~ ~ c~7 O 1f) O O O V O O ' O O > N> N M (O I~ f- N f~ O oD c'7 u 7 (D m 1, N ~ aD O ch W O N N N ch C~ O V ~ W (D O O m O O O O O O C. O O O O O O O O O O O L N f~ O ~ <t O V' N t0 1n M V N I~ N O O W 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 O O O O O O O O ~ ~ `m M ~ ~ 0 N E _ C c 7 1 c0 M O M a) U 0 -e ~ I~ V ~ ~ Q ~ U 7 ~ lA N W 7 f~ N ch h a a~ r o 0 0 o a o 0-0 0 e o o e e o a 0 o 0 o a o a o 0 0 0 0 ~ co U~ r) o r, n Ln o CO o m o 0 0 o fO o 0 0 0 0 0 0 0 o 0 O O N N V r? Q? m M O U? O m . O O O O ~ O O O O O O O O Iq O O N F a N N N ~ O O O O N O O O O O O O O N O O } w N N Q r m d ~ m N N E U Li y L Cj 0 ~ 'O C C C y N y C p J V ~ C C C a d m 'O - ~ c > 2 ~ m ° 2 c p ; ~ m a i ~ j a ? i a N w c ' C r~ • N m 7 o> ? C y N - O O t f0 ~ C n U E C O V f~ = d T U N N C = ~ O VI L m a` q . 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M ln N ln N M f0 M [O ~ N (O M I~ O F- ~ ~ O V N O O ~ N ~ ~ Q N V V N V N N o D c0 r7 N } O O O O O O O O O O O O N O 0 O O f~ O O O O O O O O O O O O ol O Q7 O -i M O O tn O O O O O O O (O (O O O m o N N r o 0 0 0 o cc co Ln Ln Ln o co co ao o~CD o M r~ o ui n ri o Lri 0 v o ai v m v_ ao ao 00 0 v o oi n Ln cn oi ~ r N} ~ W N ~ ~ (D O O ~ 0) N 1- m 00 N O O W m aO N O O a> O O ln O In O O m m (h O O O O c`7 ` L O 00 O O aO 00 O O O O O (O O O O (D P c'7 I~ ch M LC) M U) N Lf1 O O O O O O O O N Lr) u 0) OJ ch N N (O oD (O v CO -T f0 f- ~ f- R V) ~ O (D ~ ~ ~ ~ M ~ ~ m ~ ~ N N d U U Q a 0 a 0 V ~ U ~ o a o 0 0 ° o 0 0 0 0 0 0 0 0 0 0 0 0 0 ° ° ° ° o ° ~ ~ rn rn m ° ° ° 0 o a~ a? o ~ o o ~ o N o • o c N~ a ~ o ~ o o ~ ~ ~ N N N o 00 0 w r i 0 o r~ ~ o 0 0 0 o co co v o 00 o co .o 0 o rn ch ~ o 0 0 0 o m o0 0 0 ~ c o 0 d o o ri ai rn o 0 0 0 o ui ui o N o ~ co ~ o v C V ~ O N N O O l 0 I ~ t C1 ~ ~ C O n' ~ a0 N N O) N m O) N m N V' M V M r W t0 (O t0 aO a0 N ~ t- N y ~ m ~ M ch I- h V r- c'~ N o~ C D O O M O O O O O 7 V (O O (D N O V a) O O O M c~7 O O O O O ~ ~ m O V ~ O m ~p O O ~ O O 0 0 0 O O ~ ~ ~ O N M O ~ Oi N N n C7 N m O V O F- O ~ ~ M O ~ a0 ~ Q N N V M M N M N N at ~ } O O O O O O O O O O 0 0 0 0 0 0 0 0 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 M O O O O ~ O O O f- I- ~f) O ' a0 O M O O O Ifl Lq 7 U 7 M O M 0 ~ p m m ~ O C. ~ W (O M f- N N } ~ m (O U') N N 1- 01 1 O) 0 (O (D a0 CD M aO N M N C. 0 0 ~ r o 0 0 0 o co cfl Ln o Ln o 0 0 ` t o O 0 O 0 O (h c'7 o O 0 O 0 O 0 O o O m V ao V v o O v, o O o O rn N ~ 0 1~ f~ I~ I, N m (0 C ~ ~ O O ln ln V f~ ~ N U N O CO O (D f~ OD f~ OD f- ln O CO W V Q ~ U N N N (7 'a U ~ a ~ o 0 0 0 o e a o 0 0 ° ° a ° o ° o o ° C N O O m O O O O O O O (0 Ci ID M cc q O LO 'It O O N N O ~ N O O O O O O O O O O O O a ~ O O 1~ C O O O O O O O N N N ~ V N W LL N ~1 l6 W 10 W N F C V ~ H F 0 H F ~j c F - o ° LL a ~ c c c o N c O c O V Z N 7 U. a~ E C a> d E ~ v ~ LL .a ~ ~ a E CD 0 ~ c ry ~ C C V C1 C O a H m u, w ari ~ E U. ~ t E ~ a>i a~ m > > r ~ 10 r 0 O c U ~ U m T p ~ ~ 3 0 y o ~ y y c. i Q ~ " ~ I~ m Gtf 0 u ' o ~ ~ „ ~ as y ~ N p~ ~ a i u aD y O E y ~ ~ ~ ~ p o ~ o E 0 C o E ~ ~ ~ ~ V tn ~ U = J ii o m Q U a w x a U a ~ ti 0 N n ~-\-1 > fCo C E N ~ ~ c v w C a E `m a v ~ v -0 v v 0 29 7E v E m d N 0 O O O O a0 0o N N LO Ul) O O h 0 ~ O O O O V (D (D I~ f, O O a0 c0 d 'O a) O C. (D C. O O O C. N N N LO if] N In N N N O 0) C. m (O (O p ~ O O O O N N M M M ch O~ T N N ~ O fl. (9 00 N C. O (O CO 00 aO c^7 ('7 ~ V N X M c0 (O m ~ T ~ m m O O QJ m m C - ~ O O O O N N N 00 LO LO O O m U') y O O O O U~ Lf i ch m N N O O N N 76 O O C. O N N 'r 4 t0 f0 Y) N (O <D p ~ f0 O O O O t- W 1~ o0 N I~ N I~ c'7 7 C7 7 N M N M N N O F ~ ~ N 1n I~ IA I- m c'7 m c'7 tIJ c+7 l~J M M M ~ N N } O C. O O O C. 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 LO 0 O O Ul LO O O O O O O O O O O O ~ C~ 0 O In O I- I~ 1- I~ th (`'7 ~ cn p y p a0 a0 O O 7 V V V U7 In V C N~. > O O 0) m LO U') O O 7 7 0) 07 m N N M M QJ W LO Lo V V M M r) ch O O O O N N 00 N LL) N O O ~4 ~ O O O O V~ W~ l`7 th N N O O t N O O O O N (V V V (O (O U) N M M ~ O C ~ O O a0 0 N 0 f~ f~ V~ V O N N ~ 7 U O O t c N ~ N If) N ln ~ 1- W 1- V ` ln n In r~ m M m ci r) c7 ro M ~ Q p ~ (V N U ~ ° 0 0 0 0 0 0 0 0 0 0 0° o 0 d ~ r~ r~ o o ~n u~ co co 0 0 0 0 O ~ y N N 0 ~ f~ t~ ~ ~ O O N N O O N ~ ~ ~ ~ ~ r ~ ~ O O W CO (O h ~ ~ O O O O O O O O L,) L,) O O h ~ O O O O O O O O Il fl ~ ~ O> Q) 47 O O ~ M O O O O ~ ~ ~ ~ N ~ C C N N O O N ~C1 ln N W W ~ N Ln ~ N ~ ~ C m ~ O O O O O O O O ~ ~ O O ~ ~ y O O O O O O O O N N lI) ln m m jp O O c'7 c~1 O O O O cD (0 N N M ~ 0 t6 N N M M 7 V ln ~ O 7 o ~ Q ' U) V) N ~ N r N m c~ c~ r~ r } 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 In Lo O O O O N c+) (h c0 c0 N} m V V W W O O O O O O O O V) Lr) O O 1 O O O O O O O O N N h U~ L ~ O O O O O O O O (D (D N N O O ~ ~ fp E C ~ ('7 (li m clJ ch V c'7 V O N O N U f-- 1~ N N V a) LL) ln f~ h ~ ? 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