HomeMy WebLinkAboutFIN-2021-64 - September 2021 Variance ReportStaff Report
Financial Services Department
REPORT TO: Finance and Corporate Services Committee
DATE OF MEETING: December 6, 2021
SUBMITTED BY: Ryan Hagey, Director of Financial Planning & Reporting
PREPARED BY: Debbie Andrade, Manager of Budgets
WARD(S) INVOLVED: All Wards
DATE OF REPORT: November 16, 2021
REPORT NO.: FIN -2021-64
SUBJECT: September 2021 Variance Report
RECOMMENDATION:
For information.
REPORT HIGHLIGHTS:
wwwkitchener. ca
• The purpose of this report is to provide an update on financial results for City operations.
• Tax supported operations are projecting a deficit of $7.4M, largely due to COVID-19.
This size of deficit is to be expected based on the ongoing nature of the pandemic.
• The City is well positioned to cover any deficits due to COVID-19 by funding provided
by the Federal and Provincial governments in 2020 and 2021.
• This report supports the delivery of core services.
BACKGROUND:
This is the second variance report to Council regarding the City's financial performance
versus the 2021 budget. The report and attached schedules include information regarding:
• Tax supported operations
• Rate supported enterprises/utilities, and
• Supplementary information related to investment income
REPORT:
Overall staff is projecting the City's tax supported results for 2021 will be a deficit of $7.4M
(3.6% of expenditures totaling $207.8M), or the equivalent of just over a 5.0% property tax
rate increase if there was no balance in the appropriate stabilization reserve. The major
contributors to the overall negative variance are the projected deficits in Sport recreation
revenues, Emergency Operations Centre, and Investment Income. As COVID-19 related
restrictions carried into 2021 causing facility closures and reduced programming these areas
continued to be greatly impacted for the first half of 2021 with considerable losses in income
for recreational programs (e.g. pools, arenas, sportsfields, and community centres). These
deficits are offset in part by Gapping savings resulting from COVID-19, as well as, regular
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
Page 44 of 61
vacancies. More details about each of the City's tax supported divisions are provided in the
report below and in Schedule 1.
The City's enterprise (non -tax supported business lines) results to the end of September show
most of the enterprises have results that were better than budgeted. However, in the rate
supported operations, Parking was hit hardest by COVID-19 with lower than anticipated
revenues due to the ongoing restrictions causing downtown businesses to close and/or run at
reduced capacity resulting in less vehicle traffic requiring monthly or hourly parking in the
downtown core. More details about each of the City's enterprises are provided in the report below
and in Schedules 2-8.
The City has a total of $6,534,000 in Safe Restart Funding of which $4,022,000 was carried
over from 2020 and $2,512,000 was received in 2021. In addition to this funding, the City
received $4.8M in COVID-19 Recovery Funding from the Provincial government as part of
their COVID-19 relief plan announced on March 4, 2021 to support Ontario municipalities in
dealing with the ongoing impacts of the pandemic. The total Safe Restart and COVID-19
Recovery Funding of $11.3M will be sufficient to fund the City's projected deficit of $7.4M in
tax supported operating, as well as year-to-date deficits in the Parking enterprise of $1.1 M
and the Golf enterprise of $14k. Any carryover funding will help the City deal with any
continuing negative financial impacts of COVID-19 that extend into 2022.
Operating Fund — Tax Base (Schedule 1)
Staff is projecting the City's tax supported results for 2021 will be a deficit of $7.4M (3.5% of
expenditures totaling $207.8M), or the equivalent of just over a 5.0% property tax rate increase
if there was no balance in the appropriate stabilization reserve. Significant projected tax
supported variances (over $200,000) are summarized below. Additional details are provided
in Schedule 1 for projected variances that exceed $100,000.
Significant Proiected Variances (over $200, 000)
Community Services Department:
• Bylaw Enforcement is projecting a deficit of $735,000 in fine revenues, as the City
has not been issuing as many tickets due to the COVID-19 restrictions in place for
the first half of the year. Additionally, the collection of defaulted fine amounts is not
back to pre -pandemic levels as the Ministry of Transportation has not been
enforcing license plate renewals, which would ensure outstanding fines are paid.
• Sport is projecting a deficit of $6,420,000 due to reduced revenues as programs
and rentals are negatively impacted due to COVID-19 restrictions. This projection is
slightly better than first reported in the June variance report as COVID-19
restrictions have lessened in the second half of the year.
Corporate Services Department:
• Legislated Services is projecting a deficit of $215,000 due to lower than anticipated
licensing revenues as a result of COVID-19
Page 45 of 61
Development Services Department:
• Economic Development is projecting a deficit of $215,000 due to lower than
anticipated Market and special event room rental revenues as a result of COVID-
19.
• Planning is projecting a surplus of $325,000 due to higher than anticipated
revenues for site plans.
Engineering is projecting a surplus of $590,000 as a result of increased revenues
from site plans, service charges and recoverable external billings.
Infrastructure Services Department:
Facilities Management is projecting a surplus of $1,330,000 due to reduced utility
costs compared to budget, as some City facilities remain closed and/or operating at
reduced capacity due to COVID-19 restrictions.
• Parks and Cemeteries is projecting a $275,000 deficit due to a loss in revenues at
Williamsburg Crematorium, unbudgeted playground repairs and forestry cleanup
requirements.
General Expense:
• Gapping is projecting a surplus of $2,330,000 due to staff savings related to regular
vacancies and COVID-19, as a number of staff whose facilities or programs were
suspended during the pandemic were put on designated emergency leave (DEL) or
infectious disease emergency leave (IDEL) allowing them to take advantage of
various income support programs offered by the Federal government such as the
Canada Emergency Response Benefit (CERB).
Emergency Operations Centre is projecting a deficit of $2,500,000 due to the
COVID-19 pandemic. Example of costs include:
o Purchases of personal protective equipment and other health & safety
supplies
o Staff costs related to managing the City's COVID-19 response
o Additional cleaning and minor retrofits of City facilities
General Revenues:
• Supplementary Taxes/Write-Offs is projecting a deficit of $800,000 due to increased
write-offs from assessment appeals.
Investment income is projecting a deficit of $1,670,000 due to Bank of Canada
emergency rate cuts in March 2020, which is lower than the budgeted rate based
off a 3 -year average.
Penalties & Interest is projecting a $640,000 surplus due to an increase is property
taxes receivable.
Enterprises — (Schedules 2 to 8)
For the period of January to September, total enterprise results are $6.OM better than
budget, with four of the City's seven enterprises in a year-to-date surplus position. Details
of each enterprise are noted below.
Page 46 of 61
Building Enterprise (Schedule 2)
$(117) , ($1,347) $1,230
The Building Enterprise has a favourable variance of $1,230,000 as a result of higher than
budgeted permit revenues and lower than budgeted expenses due to staff vacancies.
Golf Enterprise (Schedule 3)
$49
The Golf Enterprise has a slight unfavourable variance of $14,000 primarily due to higher
than budgeted expenses.
Parking Enterprise (Schedule 4)
NetResults ($000's)
Favourable/(Unfavourablewdget Variance
•
MIN
The Parking Enterprise has an unfavourable variance of $1,088,000 as revenues are
significantly lower than budget due to reduced monthly and hourly parking demands
related to COVID-19.
Water Utility (Schedule 5)
Water
$1,432 $345 $1,088
The Water Utility has a favourable variance of $1,088,000 primarily due to higher than
budgeted volume of water sales as a result of the dry spring.
Sanitary Sewer Utility (Schedule 6)
Sanitary Sewer
$5,233
($1,076)
$4,157
Page 47 of 61
The Sanitary Sewer Utility has a favourable variance of $4,157,000. Sewer surcharge
revenues are higher than budgeted, which is consistent with increased volume sales noted
in the Water utility. In addition, sewage processing costs were less than budget due to the
dry spring. These favourable variances are slightly offset with unbudgeted standby costs
and vehicle rentals as a result of COVID-19.
Stormwater Utility (Schedule 7)
aiormwaier -1)aLL �nnz k�,+u)
The Stormwater Utility has an unfavourable variance of $40,000. Much of this is related to
increased administration expenses due to additional development review costs and
unanticipated standby costs and vehicle rentals incurred as a result of COVID-19. The
negative variance is mostly offset by reduced maintenance costs due to a delay in a
contract renewal.
Gas Utility (Schedule 8)
Gas Utility (Total) $(1,776) _ $(2,422) _ $647
Gas Delivery $(1,3544 $ 1( 327)J ($26)
Gas Supply J ($422) ($1,095) $673
The Gas Utility (Total) has a favourable variance of $647,000. The majority of this variance
is due to lower than anticipated Gas Supply expenses as lower volumes of gas were
purchased due to the warmer than normal winter. Gas Delivery has an unfavourable
variance due to lower than anticipated revenues which are partially offset by savings in
expenses due to staff vacancies and increased program revenues in tank rentals and
recoveries from warranty items.
Investment Report (Schedule 9)
All investments made were in accordance with the City's investment policy. Short-term
investment yields to date have averaged 1.05%, and are well below the average interest
rate of 1.64% for all of 2020.
STRATEGIC PLAN ALIGNMENT:
This report supports the delivery of core services.
FINANCIAL IMPLICATIONS:
Financial implications are discussed above and detailed in the attached schedules.
COMMUNITY ENGAGEMENT:
INFORM — This report has been posted to the City's website with the agenda in advance of
the council / committee meeting.
Page 48 of 61
PREVIOUS REPORTS/AUTHORITIES:
There are no previous reports/authorities related to this matter.
APPROVED BY: Jonathan Lautenbach, Chief Financial Officer
ATTACHMENTS:
•
Schedule 1:
Statement of Operations
— Tax Supported Services
•
Schedule 2:
Statement of Operations
— Building
•
Schedule 3:
Statement of Operations
— Golf
•
Schedule 4:
Statement of Operations
— Parking
•
Schedule 5:
Statement of Operations
— Water
•
Schedule 6:
Statement of Operations
— Sanitary Sewer
•
Schedule 7:
Statement of Operations
— Stormwater
•
Schedule 8:
Statement of Operations
— Gas
•
Schedule 9:
Investment Report
Page 49 of 61
a a
a
a
a
a a ti
a
of
v
vt
-
'o
a
V
m
v
'o
H
a
v v p
W
a m
m a
o n
In a
m
v
a m
ry m
ry ai
In ry
a
�
�
N
d'
VI
W
a v
w
ry
'i m
Lc
o
m
m
ti
2
ri m
m
ti
Y p u
1
m
m y
w
" p
a
�
t
O
s
� O�
� u
u
z
d
i
{~/7
yWj>
w
z
V uV
E
u
0 uV 0
w
Y�
d rao
^
O
O
V
z
ZFZ
7 z z
wz
uD
z z
f
W o Q
a w
U
32
a
O
2
z
O
O
O O
O O
O
O O O
O
O
O
O
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
w
ryto
v
>
O to
O O
N
O to O
to
O
I+1
I+1
W
z
W H
w
o
z
Z_
z
a Z
H
z 0
p
a0 a
Z
p a
z
g
w 0
O
Z
z
d 0
z w
a w
w
a
K
w>
O
z
3
0 0
n n
W
a
m
ti In
m
m n
oo
a m a ry
m
a n
m ti
m
,fl N
rvt
01m
�
� ry
n �
m
t0
N
'-i i0 ry to
N 1p N I�
W
n
01 N
W N
i0 i0
01 1p
rvt
DJ
�
m_
m ,n R
c
m m
m
In
a a
a
a
a
of O
of
01
vt
-
'o
v
3
V
m
o
H
o f
W
a m
m a
o n
In a
m
o
m
a m
ry m
ry ai
In ry
a
�
�
N
d'
VI
W
a v
w
ry
'i m
Lc
o
m
m
ip o5
o
ri m
m
oo
1
m
Q z P
a
�
�
O
s
� O�
� u
01
O of
�
>o
v
a
vt
_ o
v v
m
m
W
U F
cZ
C
-
'o
v
3
V
F
o
H
o f
W
w
e
O
a
o m
�
ti
In
d'
VI
W
a v
w
a o v
t
o ti
2
U a
w O
OV
z
oo
L,
Q z P
a
�
�
a N a a a
o d a m vi d
� In In In m v
m
c m �N �
n m d
o In m � ry
ry m In a In
of �ip ti Q
� n
n m a o m
om � cr m m d
ry m In a a ry
m In a In ry
a a N
i0 O
m o 0
p
v
-
z
�
>o
v
a
a
_ o
v v
m
m
W
U F
cZ
C
-
'o
v
3
V
F
o
H
o f
W
w
e
O
a
Y
>
ti
o
>
v E
d'
VI
W
a v
w
a o v
t
o ti
2
U a
w O
OV
z
oo
L,
Q z P
] v,
z
�
ti
O
s
� O�
� u
O O
z
a
i
{~/7
yWj>
w
z
o
E
u
Z
w
Y�
V
z
^
O
O
zz L,
z
ZFZ
7 z z
wz
uD
z z
f
W o Q
a w
U
32
a
O
2
z
v a u
u
m
u LL
z
O
d i
a N a a a
o d a m vi d
� In In In m v
m
c m �N �
n m d
o In m � ry
ry m In a In
of �ip ti Q
� n
n m a o m
om � cr m m d
ry m In a a ry
m In a In ry
a a N
i0 O
m o 0
p
v
-
�
E >
p p
o
o
�
>o
v
a
a
_ o
v v
m
m
o
a
9
-
'o
v
3
v
v b°
0
3 0
o f
W
o ti
v v
v 3
a
u
>
>
Y
>
ti
> > >
> O v
>
v E
a
z V a
a v
a
a o v
a v
n-
o ti
2
v w
w O
OV
co o
E t v
o
vi
o�
a z
o5 a ip
m o�
�
ti
m m
o
ti
V a
O O O
V
O O O
O O
O ti W vt
01
N
i0 �
� of vt
ry ,n o
o
n
a m
a o m
rvt N O n
,fl 01
~
o
00
00
rvt
m W
W
ry
p z O
h
InL' In
rv� ti
ti
a
�
ti a
z
a
a a
~ O
1�
rym o
�
C
o
n
n m
lc
a o
z
o
o m
a
m �
W
ry
p z O
h
d
ti
ti
p
ri a
ti
w
z
oc V w
1' V w Z
V
w
N> U
w
Vf w O J
a
v w
w O
OV
Q Z Z
U Q H a Q w
w
v, Q
vi o
m In
vi
o�
a z
o5 a ip
m o�
�
ti
m m
o
ti
LL" LL
LL a s z
In o n
ri a
m
z
a
a a
~ O
1�
z
Z ~
o5
ry
W
c Z
F O
O O
z
m a
m
m
a
m �
W
�
p z O
VI m
d
a
W p V
uw o 06
p
U
U
5 -wZ Z
w
z
oc V w
1' V w Z
V
w
N> U
w
Vf w O J
a
v w
w O
OV
Q Z Z
U Q H a Q w
w
v, Q
Q
o a o6 qa
Z zW z w
O
a z
a o o O
a a
z w
Ozw
0 o 'a o
LL" LL
LL a s z
-
LL
U V 2 V
a a
a
a a
ry m
1�
-q m
m
o5
ry
o m
�
z
Z
m a
m
m
a
m �
ry
� ti
W
Z
o m
In In
ai
a
a a
a
ry
O � 01 ry
a m
� a �
a ry
n
Lc� ry
� o � m
m a o
N c
m n
a ti
4-
0
O
LO
z
Z
W
Z
O
luC
Ozw
O
w
z
7 o6
W
G
z z
G
U
O
U
V
I j
v,
V
W
d
w
O
v
>
F w
O
J
z w
a z
C V
w
W
z
W H
w
o
z
Z_
z
a Z
H
z 0
p
a0 a
Z
p a
z
g
w 0
O
Z
z
d 0
z w
a w
w
a
K
w>
O
z
3
l7
W
=°
o o
w
w
o
d G
N " G
O N �
N p Y
d f
O .j+ a a m vli m
N
Q d p r 0 I
I
v ai o�
o � a
N 1+
� Q d
m ry m ry u a O c
cp Di O Di rvt rvt O �
O^i o ON ON 1O c
ti
c
m ti m- o
Obi O � 01 chit � cep o
o�ut c
� rvi rvi ry
a
o m
m
v
T T
v
f
0
m
v
v �
m o
2
v
0
n
a
ar
a
v
m
N
a o
v
>
V v
O
t'
O
o > °
� i d
a >• a
u n
O
a
a � a
Y Y
v
O O
Q 9
V
fl_
a o a
d
a
n �
Y Y 9
v u v
ar
O
�
-o
_
V V
'
a �
v
o �
a
a
v
o
a o
O
a
O O
Y O
O
Y
m
a
V m
O O
V
N
O vt
W 01 O
N
O cp
a N
o
O
O
O
O
O
y
a a
a a a
vt c0
O c0 O
O O
a m
m ut
o
m a ry o
vl
M
d �
rvi
o
�
�
I� n
O
�
� cp rvt O
�
DO
chit �
Z
cp W cep
N
�
�
O
c a
a c a a
a
e
of vl
l0
m m O
O
N
O of
I�
O ti of O
O
C
p
Z
p Z
W
V
LL
I� 0 W
rNt
0 c 1 n� rNi '
O
W
m
of
a
ut ti
a
�
ro
ry
m
o
m
r
0
LL
V3 W
z
m
w
m o5
a
n d o� d
p
of
W
Q y V
a a
ti
ti
a
ti
n
N
m ry m ry u a O c
cp Di O Di rvt rvt O �
O^i o ON ON 1O c
ti
c
m ti m- o
Obi O � 01 chit � cep o
o�ut c
� rvi rvi ry
a
o m
m
v
T T
v
v �
m o
2
a
v
a o
V v
O
o > °
� i d
a >• a
u n
a
a � a
Y Y
v
O O
Q 9
fl_
a o a
Y Y 9
v u v
ar
V V
F
O O
O
O
O O
O
O
m
O O
ti� O
N
O vt
W 01 O
N
O cp
a N
o
vt I� O
ti ut
in m
O
ryt
y
N
y
a a
a a a
vt c0
O c0 O
O O
a m
O ti 0
�
Mf
vl N
vl
d �
rvi
o
�
�
a
a
Z
� m '
N DJ rv1 N
m
1 ry
m
3
F-
F
m
cW
C Z
OF
m
N
a
Z
w
W H
7
F
p
Z
p Z
W
V
LL
d
p
W
Z
Z a m
LL
O
a
v�
U p
x
j<
r
0
LL
V3 W
z
m
w
p
W
W
Q y V
a a
3
W V
Z
vi
Z
H
LL !I zF-
W
W=
O
W W
p
W
W
p~
Vf
H
Z
2
W ~HQ
vi
LD
Z
wm w
V�
Z
Z
W
V
O
O
LLW
Z C
w
a
W
Q N
}
W
m
W
O
d'
z
Q
m
Z O O X
F
w
z
m Z
Z
Ui
V
N m
w
p
z
o
7
f
W
¢
a G o
Y
oc
Z w
a ~
LL
W
x O
LD
= O
0 V OV H a w C7
C7 H l7
v=i
a
O
Z
a
OV v=i
C7 ~
N
aJ
W C
N u
rr
W d
Z
y,r W JJ
W F
Y C7 u
6L Z C
Op`u
} J �
U m u
M M M N
m m N Ict
N N iD iD
66 ri in
00 00 -A 00
v
.
7
>
O
c
cM-I
cM-I
N 00
—A
O
CU
J
n
n
O
N
�
a
o
0
00 Ln
m
+
c
M
M
N. I
t
U
W
dl
dl
dl 00
n
Q
d'
W
c U
v c
O
(0 7
m
> f6
CU
a)
of CU
NCao
J_
.O^
of
Cao
•�
aJ
Q a)
N
+� O
O Z
u
G
ri
N
Z
00
00
n N
Ln
-A
u
Ln
in
O
000
Z
m
m
n
iD
a
in
in
n
n
m
m
N
N
>
Ln
Ln
O O
O
�o
�
n
n
tMD
O
W
iD
iD
00 Lrl
00
00
00
N
m
M M M N
m m N Ict
N N iD iD
66 ri in
00 00 -A 00
v
.
7
>
O
c
a)
O
O
CU
>
v
C
�
Z
W Cao
W
+
c
H
J U
v
Z _0
Z
U
W
W
W m
a
Q
d'
W
c U
v c
Ln
iD
N
r,
D,
M
o0 o0
Ln Ln
111 111
n I rl
O
N
LO
N
O1
.
>
O
O
O
CU
C
�
Z
D
a
N
LL
W
N
a)
>
CL
x
W
U W
Z
c N
c0 v
c U
v c
O
(0 7
m
> f6
CU
a)
of CU
NCao
J_
.O^
of
Cao
•�
m
Q a)
N
+� O
O Z
u
H
O
N
LO
N
O1
M
fu
v
t
u
N
WW N
Z N o
= a C
W F
Yu
Z e
6L
O LL `u
F
JO f
U C7 u
M to 00
01 M lD
A —A O
M M M
N -A
0r4 m
Lf) O
al to
Lf) rn
tD dl
I
� �
- O
� O
Ln Ln lD
O0 Ln
N
ty
v
u
lD ' N
W
01 Ln
a
N
00
^ I� M
O
t\ .--I
J
N lD
Lr
N D1 lD
I'D
m .--I
o
Q
ri
ri 00
0
0
N
c
lD Ln
—A
u1 lD
N
D1 to
O
p
cl M
Ln
.--I
M
N
r
C:
u
L
d
a"'
N
I cI
70-
-:_
UL
U
�
�
c
(�6
Ln
�
L
U�
�
N
M~
_
a
ruO
U
(�6
Q
i
a
.,
O
«,
O
C
Q
c7
z c2o
O~
O cc
fU
Z
o
w
F- �
W
O
0
N c
U
N
z
-a
z
Q
E
m
Q o
a
0 0
0
>
i
0
*
W
M N
D1
m i
U
z
-A t11
M
M
O
a
N O
-
u1 O
u1
lD -A
Lr
D1 ' Lr
`
O
14
W
-A
O
Q
r, 00
M
I'D 01
N
u1
N
O
N r -i
m
M to 00
01 M lD
A —A O
M M M
N -A
0r4 m
Lf) O
al to
Lf) rn
tD dl
I
� �
- O
� O
Ln Ln lD
O0 Ln
N
F
al
N
M
O
ri
F
al
c -I
N
M
O
c -I
ty
v
u
fu
a
a
3
v
o
a
z
c
Li
Z
C1
Ln
p
a
H
z
O
a
>
W N
N
Q
w
o
a
�
NO
r
C:
u
L
d
a"'
N
H
W
H
W
X
W
w
_
70-
-:_
UL
U
�
�
c
(�6
Ln
�
L
U�
�
N
M~
_
a
ruO
U
(�6
Q
i
a
.,
O
«,
O
C
O
c7
z c2o
O~
O cc
Z
o
F
al
N
M
O
ri
F
al
c -I
N
M
O
c -I
4-
0
(Y)
LO
N
O1
ty
v
u
s:
a
a
3
o
a
z
c
Li
Z
C1
W
>
p
a
ty
N
a
,�
LLI C)Z
u
u
z c2o
a
O cc
c
w
F- �
W
H
N c
U
N
z
-a
C)
Q
E
m
Q o
a
z
H
>
i
4-
0
(Y)
LO
N
O1
a
U
N
W
N u
Z a a
LLI 2 LLI C
W F
Y C7 u
Z`
Ou
Y
F
U d u
-0 aJ
aJ t
J E a+
r CL a�
J VJ �
J aJ
QJ aJ
r M
r C "
i a
r Ql o
J aJ u
,O 3
.-I -A
N
-A
IctN
lD
N
N
lD lD
N
M lD
m
M
n
to O
J
m O
m
n ' lD
n
N O
N?
00 n
Lr
O C
O
Lr O
rlj Itt
r,
r14
I'D
�
M O
00 m
U
A m
M
O N
O
Ln
N
Q
m
a,
G
ri
N
Z
*
m
m
00
00
Ln
W
Ln i
Lr
Ln
Lr
lD
n
lD
n
00 i
n
U
of
of
ri
ri
Z
Q
�
�
m
m
o
�
ri
ri
ri
ON
W
n O
n
' n
M
00 O
aI
qc
qct
On
N
N M
-A
-A M
Ln
lD
qci
Lr
M .--I
qci,
.--I
.-I -A
N
Ict
N
lD
N
lD lD
N
M
lD
dl
n
O
N
Itt
' n
.--I
C
O
I
rlj Itt
r,
r14
I'D
�
On
00 m
n
00
M
�
N IMI N --II'tI -A
aJ
7
N
C:
aJ
CL
vO
v
c >
>0
OfU_
E
O
ZY c
W0 O
> f6 U
W d W
rZ
a1 (>
n0 O
— t a)
(A " u N
Z a) * c
c -0
a aJ aJ Eu
X
W
Z
00
f\
ri
00
0
r -i
aCh-I l00D
N 0000
00 00
c -I
l0 n
N 00
01 iD
O 00
01 00
aJ
c
aJ
CL
x
aJ
3
C
aJ
aJ
w
v
Z
0
LO
(1)
0)
Cu
0-
Ln
� [
z
z F C
� � F
k |
ƒ
% -F
0 R ,
�
aj
CL
!
aj
aj
Z
e»r-4#
LU
o
o
e�
e
m
m
�
3
m
m
e
E
m
S@
3?
m
a
e
e
Ln
e
e
9
9%
m
7
9
/
m#
m
m
m
m
ƒ/
�
m=
ƒ///
e
\
*
\
g=
%
\
u
a
I/
S
>*
R
R
§
e%&
\
=
m
/
/
6
_
&¥
*
§
6
e
§w2
m
e
Lu
/
®
\
«
z
\
}
\
,
{
a
fs
(
Lu
/
/
(
0
_
\
&
m
E
u
z
\
Ln
)
o
o
#
�
3
»
00
/
q
%
f /
LU
5
q
m
3
//
?
E
I$%
z
/
/
/
u
/
w
/
/
�
ƒ
\
r
«
_
»
\
\
IN
E
2
�
f
/
{
�
z
2
>
>
f
k
k
»
0
u =
Ln
Q)
m
//
Z'
k�
¥
m
m
o
§
m
§
)
/
§
j
/ e
ƒ
¢
Q)
ƒ
$
L
\
\
%
§
k
0
o
0q,
�
r4
�
e
$
=
o
=
6
2
.§
&
6
6
2
m
m
e
e
e
e
�
aj
CL
!
aj
aj
Z
e»r-4#
LU
o
o
e�
e
m
m
�
m
m=
\
e
»»
r -4m
m#
a
o�
m
z
##
#=
m
m
m
/
¥
/
/
/
ƒ/
�
/
ƒ///
e
\
*
\
Z \
%
\
u
LU
»_
)
>*
m
m
m
e
\
=
a
/
/
/
_
®
*
§
¢
/
«
Lu
/
®
\
�
aj
CL
!
aj
aj
Z
LU
\
§
& z
�
\
f §
/
2
§
\
k
¥
\
CF-
L
�
/
7
e
\
*
\
Z \
%
\
u
LU
)
>*
-
§
e
LU = 7
\
e
�
aj
CL
!
aj
aj
Z
\
§
\
/
\
J
¥
\
\
§
Q)
§\��
_
#
§
\
2
Lu
/
®
\
z
\
}
\
,
{
a
fs
(
Lu
/
/
(
g
\
&
�
aj
CL
!
aj
aj
Z
\
/
§
¥
\
./
Q)
_
\
\
}
,
{
\
(
E
u
\
)
#
.(
00
q
%
f /
00
3
£ °
M
z
u
E >
w
/
\
\
E
7
f
/
{
z
2
>
f
k
k
»
0
u =
Q)
\ \
)
§
§
§
)
§
j
/ e
Q)
2 }
\
)
k
$
n
\
.§
)/\LU
\
2
_
z
\
»
\
LU
z
}
\
Q)
0
2
X
&
®
(
2
\
k
\
j
E
_
§
0V)
f
§
§ j
�
0
LO
LO
¢
2
n
�
h
u
U
In
� u
W u
Z W
W 3:Cm W
U N f
H
Y � u
LLF
U sail u
J
LD ()D W o
m io io �
Ill r1 M
N n Ln
M io Io
n N
't N N
-4 N
� r, m
M m
m � �
oo Ln m
r, rn
c -I N M
N N I '�t
O w
N
o
ci
rl
O
Or
D
Q1
al
LD
't
m
(X7
rl
-I
c -I
m
m
ci 00
m�
ap
LD
m
0
L10
c -I
c -I
LD
�
n
Lr
al
-4
-Zt N
c -I
c -I
c -I
Ll
LD ti
Ln
c
rl
ci
r -
LD
N
m Zz
N
M
N
rl
c -I
c -I
N
r
c -I
ZZF
Cl
a
*
LD
LD
I- Cl
N
a
Ln
c -I
c -I
It
M
Z>
zt N
Ln
a
a o
o a
J
n
tD
0
O
v
a a
M
M
M
m
m
m
o
to
o
N�
6
O
n
n
W
Ln
n
O
m
N
E
M
M
N
n
m
W
c -I
n
Q
O
O
m
Ln
n
Ln
`--'
LD
:
:
N
c
c -I
O w
N
o
ci
rl
O
a
U
D
O W
c�-I
N
aa)
aa)
Ln r,
r,
c -I
-zi
IZZ
ci 00
N
ap
LD
LD
O rl
L10
Cl
al
al
Ln Ln
al
m
61
-4
-Zt N
c -I
c -I
c -I
Ll
LD ti
Ln
c
m Ln
oo
`°
2
m Zz
W
Ln
N
N
M N
O
r
c -I
al n
N
a
*
LD
LD
I- Cl
N
a
Ln
Ln
n N
It
o
Z>
zt N
N
a
a o
Ln
Ln
Ln
O
Ln
ICF
O
Ln
c -I
r'4 Ln�
m
O
C
O
a
U
D
7
0D
.�
N
Ln
Ln
4 O
O
c -I
LD
Ln
W c
N
ap
Z LU
W N
D
Cl
n
O
q m
U
m
61
-4
c -I
c -I
Ll
Ln o0 t Ln O
rn Ln Ln
rl N Ql N N
L10 al rl LD al
c -I N M
c -I
m
ci
c -I
n C
r! o
n Q
E
7
N
O
U
a
N
a
U
c
0
a-+
a
7
7
N
O a
n �
0 ?�
m a
Q1 �
L
a-+
.3
N O
a
O N
00 N
� O
M OU
cn N_
L
U_
s=
� 3
U a
s: a
a 6
'i �
a s�
Y
a
3 v
o �
p ya s=
3
ai
W Z i
>a ai
W O N LJ
Q
oai
cc a' Q a
U
Z C: a
a W = i
Qm LU i v�
Non
U Ol
J � aaj
� 3
Q Z Ln
L~jl � � iF a• -I
4-
0
m
LO
a
U
7
0D
.�
a
W
z
C
W c
N
ap
Z LU
ami
Z
=
U
+
�
O
Ll
c`"c
a
X ai
o
a
ami
U
`°
2
Lu LO
a
a
a-
N+
a Q
p o
Z
-
o
a
*
LU
c
O
+
a
f0
s, U
Q
LU
a
V)
o
Z>
a
a o
o a
J
W
L
v
a a
Z a
O
Wdi
O
6
O
0p
W ?>t'JiL
to OL
LJ
L
W
E
i
OU
3: C
uj Ln
U
G
O
LX
Q
N
Ln
m
ci
c -I
n C
r! o
n Q
E
7
N
O
U
a
N
a
U
c
0
a-+
a
7
7
N
O a
n �
0 ?�
m a
Q1 �
L
a-+
.3
N O
a
O N
00 N
� O
M OU
cn N_
L
U_
s=
� 3
U a
s: a
a 6
'i �
a s�
Y
a
3 v
o �
p ya s=
3
ai
W Z i
>a ai
W O N LJ
Q
oai
cc a' Q a
U
Z C: a
a W = i
Qm LU i v�
Non
U Ol
J � aaj
� 3
Q Z Ln
L~jl � � iF a• -I
4-
0
m
LO
Ti
0
z
LL
W
>
W
(A
W
z
0
a
N
m
H
0
M
4-
0
ti
LO
a)
I�
O
t\
Ict
O
r,
N
-A
-1
111
t
i
000
-j
1
(D
O
M
Lr
O
Lr
00
O
O
Q
H
M
N
M
(D
�
I D
lD
-A
O
M
O
M
M
M
M
N�
M
N
U
111
111
!n
Q
b0
U
O
O
cu
G
+�
r1
N
M
z
�+
N
01
111
ct
O
N
M
O
lD
(D
Ol
O
)E
(D
r�
0)
L
C
ul
-
L
(D
(D
O
U
W
111
.--I
M
w
rl
111
of
M
of
111
M
o
U
-A
m
M
111
00
M
N
I�
N
I'D
O
111
(D
-A
N
0)
N
3
I�
�
V)
•C
Q
3
N
N
M
-A
u
N
W L
W
E
L
i
L�
C
> o
a
0
0
a
LU (n
0
a
(n
u
(n
0
�
1x
O
M
M
N
0)
Ln
m
rr
Lr
000
(D
M
I
00-t
N
14
O
W
C7
�
m
O
(D
Ln
ul
111
�o
00
I'D
00
(D
111
rlj
Ln
N
111
(D
�t
O
m
c -I
c -I
c -I
c -I
N
(D
rlj
0)
(D
N
—A
00
M
000
O
00
M
--I
M
00
00
--I
N
(D
—1
-i�
M
0�00
j
OO
qczl
to
O
0)
—A
01
N
—A
Itt
00
M
—1
00
N
U
(D
(D
N
(D
Q
Ti
0
z
LL
W
>
W
(A
W
z
0
a
N
m
H
0
M
4-
0
ti
LO
a)
sz
t
i
O
E
O
!n
b0
U
O
O
+�
d
U-
C
�+
N
aL31a`oa
L
LL
7
O
U
c0
L
C
L
!n
L
-
U
0)
N
w
u
o
3
o
W
W
N
�O
L
3
V)
•C
(n
3
N
u
N
W L
W
E
L
i
L�
C
> o
a
0
0
LU (n
0
a
(n
u
(n
0
�
1x
Ti
0
z
LL
W
>
W
(A
W
z
0
a
N
m
H
0
M
4-
0
ti
LO
a)
00
v
v
U
N
Lr) c I
lD N
m 00 Lr)
O r- N
D1 N lD
lD N
N c -I c -I
-1 N
-A �
oc r\
fV 00
N fD
M N
�
o
It* 00
N Lr
N fD
-A 00
00 N
N -A
Lr)
G1
tD O
D1 r-
rn rn
n Lr)
r, fV
N -A
0
lD
lD
lD
Lr)
N
Lri
c -I
c -I
fV
0
N
Lli
-1
0
Ln
O
N �
v Z
fL
Lr)
M
N
ni
Lri
z
00
CY)
a ,
lD
`
0
00
Lli
M -*
Lr)
00
00
-A
m
00
00
oc
00
c -I
O
n
fb
M
N
Lli
00
Lli
M
O
m
N
n Lli
Lr) Lr)
O rn
00 00
Lli M
W
00
00
ri
t\
' O
G
G)
O
00
00 r-
00 Lli
� O
I fs
r\ rn
O
W
-A O
,:I- lD
ry m
Ict (3)
00 -A
00
Z
m '
lD
N
0 0`00
M fD
lD m
01 N
O �
O �
c -I c -I
� N
Lr) 00
G m
fD N
O �
O �
c -I c -I
O
N �
v Z
fL
lyi
O1
O
z
Om0
a ,
+
0
N
s -I
M
00
L11
lD
,
Lr
cA
r�
a i
lD
lD
00
Lr)
o
N
I�
Lf)
I
N
Lf)
n
E0. ;
L Q
m
lD
`
rn
Ln
Q
O
O
a
fT
I'D
Lr)
00
00
-A
m
00
00
oc
00
c -I
O
n
fb
M
N
Lli
00
Lli
M
O
m
N
n Lli
Lr) Lr)
O rn
00 00
Lli M
W
00
00
ri
t\
' O
G
G)
O
00
00 r-
00 Lli
� O
I fs
r\ rn
O
W
-A O
,:I- lD
ry m
Ict (3)
00 -A
00
Z
m '
lD
N
0 0`00
M fD
lD m
01 N
O �
O �
c -I c -I
� N
Lr) 00
G m
fD N
O �
O �
c -I c -I
N �
v Z
fL
u
c s
z
a ,
+
Q
F-
u
� s
a i
i
U0
U
w
Y
O
a
E0. ;
L Q
J
`
z
O
Q
a
a
O
OA
jcj
N
O
L=L
O
LL, N
4J
�
C
N
S2
> -a
>
a
N
oa)
NO
f-
w
xLLI
L
N
0 0
z
0�
_ w
0
Lr)
00
00
-A
m
00
00
oc
00
c -I
O
n
fb
M
N
Lli
00
Lli
M
O
m
N
n Lli
Lr) Lr)
O rn
00 00
Lli M
W
00
00
ri
t\
' O
G
G)
O
00
00 r-
00 Lli
� O
I fs
r\ rn
O
W
-A O
,:I- lD
ry m
Ict (3)
00 -A
00
Z
m '
lD
N
0 0`00
M fD
lD m
01 N
O �
O �
c -I c -I
� N
Lr) 00
G m
fD N
O �
O �
c -I c -I
Q1
00
N
l0
Ln
M
N
O
Ln
M
lC
N
00
M
N
M
r -I
00
N
ri
LM
M
V-1
i
N �
v Z
u
c s
a ,
� s
a i
i
U0
U
Y
O
L Q
J
`
z
O
s_
a
�
3 i
fL
L=L
S
C
Z
W
>
Q
a
s
m
NO
f-
N
N
w
z
U
_ w
0)
a
a f
o
A °
>
>
C Q
c
c a
-"
Q
WLLI
f
fY
LL >O
O
CO
>_
a
U
H z
C]
Q1
00
N
l0
Ln
M
N
O
Ln
M
lC
N
00
M
N
M
r -I
00
N
ri
LM
M
V-1
i
4-
0
co
LO
Q
Q
N �
v Z
u
c s
a ,
� s
a
`
z
a
L=L
S
Z
W
>
Q
a
s
m
♦yLLI
w
z
u
=
0)
a
a f
Z
c
a
-"
Q
WLLI
f
m
a
N
tLo
U
v C
m
a
v
CL
Z
0
>
Li
4-
0
co
LO
Q
Q
Of
v
U
N
Lr) r�
M 01
iD M
lD c -I
c -I c -I
Q N M
dl dl
H
U
a
o Ln tD
z
0 00
O Itt
dE M N
W
U O1 lD
z X11 N
a
a
H
W
C7
m
� N
m �
M N
Ice (3�
N -A
.A N
O ri
N N
O O
O N
M G)
m m
A -A
LA
z
O
a
O'
W
M >
O fl N
Jfl. c c
3 > QJ
a C) a
d = w
vii (7
Pfl
o -I
O p
M
al
c -I
M
4-
0
rn
LO
cy C
u t
c �
a s
jr
s
N +
zLLI
a
W
H
� �
LLI
rho
u
0)
O
z
O
Q
N
J
m
u
o
z
Q
a
W
LLI
'�
u i
a r
S
s
O
Ln
Ln
C7
N
d
0
b4
CL
O
U
z
a
>
QJ
JQ
r
Z
* u
4-
0
rn
LO
N
N
ca
cpa
im
COD
1�
O
C/3
CQ
i
O
COD
a
ca
*
I ass
CD
TIM
CNCNb
1
U
0
CD
PM
i
rii
U
Lo
o
CZ
I
�'
CO3
O
N
�I
�y
cc
Q
c
m
'bGG
a�
ca
=
+
9�
CIQ
bab o
Qi
c
+
26
^ v
Ncc
U
rz
c
0 0 0 0
O� N
0 0 0
OLq
b I
CA
O �
N O
c�
2
�
0
O
0
O
0
O
0
O
0
O
0
O
0
O
0
O
O
U
O
O
O
u1
O
O
O
u1
O
O
O
u1
O
O
O
u1
ca
*
I ass
CD
TIM
CNCNb
1
U
CD
ca
*
I ass
CD
TIM
CNCNb
U
CD
PM
E
U
Lo
CZ
I
�'
CO3
O
v
�y
�i
Q
+
9�
CIQ
Qi
c
+
26
^ v
c
0 0 0 0
O� N
0 0 0
OLq
O �
N O
rm
O
N
O
cpaO
im
O
O
COD
O
C/3
CQ
i
O
Q.
O
O
COD
m
� t
d
N
o
0
CO3
GD
0
0
0
0
am
:.7
J
_
CidME
O
O
61
O
61
O
M
76 m
w
w
OO
co
N
ddb
W
W
O
O
vcc
v
cc
LU}
GD
O
N
co
N
cz
O
N
9�
yQ
>
26� o
>
a
O O O O O O O
O O O O O O O
i
O O O O O O O
O O O O O O O
Ln O Lr O Ln O Ln
M M N N r r
0
0
0
0
0
:.7
J
O
O
O
61
O
61
O
M
N
O
v
O
co
O
O
O
O
O
LU}
O
N
co
N
N
N
>
>
a
a
yW
0
�
0
C
0
C
0
C
0
0
0
C
0
0
C
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
GD
H
J
=
O
O
O
O
O
O
ao
6
O
O
N
O)
O
O
J
0
O
O
—
O
O
—
—
O
N
V
00
O
O
CEOCQ
LL.0
LL
coN
E
CL
COD
o
IL
49
cc
=
Z
U
o
0
0
0
0
00
0
U
z
o
T
co
0
CZ)
0
0
W
Z
LC)
O
LC)
H
W
Z
OO
—
O
O
O
O
M
Jp
Om
�
_
J
Cl)Cl)OHO
V
�M
V
�c'�
Z_
m
N
CNN
a
M
coN
_
P
dml
H
CD
CA04
C14
Ca
04
cuC)
N
M
O
U
M
�
i M
Y
in
y
(O
C>
Y
m
—
025
N
=
(6
U
Y
(6
m
~
0
=F-
c
m
___%%
W
W
0
�
2
cu
m
_=_xx
W
06
aCCi
C
\_
—
—
CC
C
w
0
E
co
�+
i
o
U
.
Q
U
5
Cl)
r
W
C
t.C
U
Q
'c
-O
-O
D
+-
a
>
Lcu
a
>
>
Q0
C�
CO
CO
U
Q
H
CD
��
U