HomeMy WebLinkAboutFIN-2023-370 - June 2023 Variance ReportStaff Report
r
NJ :R
Financia( Services Department www.kitchener.ca
REPORT TO: Committee of the Whole
DATE OF MEETING: August 28, 2023
SUBMITTED BY: Ryan Hagey, Director of Financial Planning & Asset Management,
519-741-2200 ext. 7353
PREPARED BY: Debbie Andrade, Manager of Budgets, 519-741-2200 ext. 7114
WARD(S) INVOLVED: All Ward(s)
DATE OF REPORT: August 3, 2023
REPORT NO.: FIN -2023-370
SUBJECT: June 2023 Variance Report
RECOMMENDATION:
For Information
REPORT HIGHLIGHTS:
• The purpose of this report is to provide an update on financial results for City operations.
• Tax supported operations are projecting a surplus of $1,275,000.
• Most enterprise operations (non -tax supported business lines) are projecting surpluses.
• This report supports the delivery of core services.
EXECUTIVE SUMMARY:
This is the first variance report to Council regarding the City's financial performance versus the
2023 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 2023 will be a surplus of $1,275,000.
The major contributors to the overall positive variance are the projected surpluses in Planning,
Facilities Management and Gapping. These positive variances are offset in part by projected
deficits in Corporate Communications, Parks and Cemeteries, Operations Road and Traffic and
Contract Services. 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 June show most of the
enterprises have results that were better than budgeted. However, in the rate supported operations
Parking is projecting a deficit due to lower than anticipated revenues as a result of reduced monthly
and hourly parking demands related to hybrid working environments. More details about each of the
City's enterprises are provided in the report below and in Schedules 2-8.
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
Page 50 of 64
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.
Operating Fund — Tax Base (Schedule 1)
Staff is projecting the City's tax supported results for 2023 will be a surplus of $1,275,000.
Significant Proiected Variances (over $200, 000)
Development Services Department:
• Planning is projecting a surplus of $320,000 due to higher than anticipated revenues for
site plans.
Infrastructure Services Department:
• Facilities Management is projecting a surplus of $365,000 due to reduced utility costs
compared to budget. These savings are partially offset by increased material and labour
costs to address increasing maintenance requirements due to aging facilities.
Operations — Roads and Traffic is projecting a deficit of $360,000 due to increased
material prices for items such as asphalt paint and road salt in addition to increased
contracted services costs for snow removal.
General Expense:
• Gapping is projecting a surplus of $985,000 due to staff savings resulting from
vacancies.
• Contract Services is projecting a deficit of $225,000 due to increased costs related to
the existing contract with the Humane Society.
Enterprises — (Schedules 2 to 8)
Five of the City's seven enterprises are projecting year end surpluses. Details of each
enterprise are noted below.
Building Enterprise (Schedule 2)
The Building Enterprise is projecting a surplus of $388,000 due to staff vacancies which are
slightly offset by reduced revenues from a decline in the number of new construction builds.
The interest rate hikes over the last year has slowed the purchases of residential buildings.
Golf Enterprise (Schedule 3)
The Golf Enterprise is not projecting a year end surplus or deficit.
Parking Enterprise (Schedule 4)
The Parking Enterprise has an approved deficit budget of $1,531,000 and is projecting a
further deficit of $180,000 due to reduced monthly and meter revenues which are offset in part
by staff vacancies and the elimination of the Lot 2 - Queen Street North surface lot lease. A
balance of $703,000 remains in Safe Restart & COVID-19 Recovery Funding received from
the Federal and Provincial governments. This will be used to help offset any deficit in Parking
due to the remaining impacts from the pandemic.
Page 51 of 64
Water Utility (Schedule 5)
The Water Utility is projecting a surplus of $2,255,000 due to increased volume of water sold
as a result of the warmer weather.
Sanitary Sewer Utility (Schedule 6)
The Sanitary Sewer Utility is projecting a surplus of $5,813,000 due to higher than budgeted
revenues, which is consistent with increased volume sales also noted in the Water utility.
Additionally, operating expenses are projected to be down due to resource gaps resulting in
decreased preventative maintenance.
Stormwater Utility (Schedule 7)
The Stormwater Utility is projecting a slight surplus of $17,000 due to marginally higher
stormwater revenues and projected staff savings.
Gas Utility (Schedule 8)
The Gas Utility (Total) is projecting a surplus of $2,012,000.
• Gas Delivery is projecting a deficit due to a warmer than expected winter which reduced
volume of gas sold in addition to increased locator costs.
• Other Programs (Rental Water Heaters and KU Dispatch) is projecting a deficit due to
higher depreciation costs and increased carrying costs.
• Gas Supply is projecting a surplus due to reduced operating expenses as a result of
lower volumes of gas sold and favourable hedging strategies.
Investment Report (Schedule 9)
All investments made were in accordance with the City's investment policy. Short-term
investment yields to date have averaged 3.99% which is higher than the average interest rate of
2.79% for all of 2022.
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.
PREVIOUS REPORTS/AUTHORITIES:
There are no previous reports/authorities related to this matter.
APPROVED BY: Jonathan Lautenbach, Chief Financial Officer
Page 52 of 64
ATTACHMENTS:
• Schedule 1
• Schedule 2
• Schedule 3
• Schedule 4
• Schedule 5
• Schedule 6
• Schedule 7
• Schedule 8
• Schedule 9
Statement of Operations
— Tax Supported Services
Statement of Operations
— Building
Statement of Operations
— Golf
Statement of Operations
— Parking
Statement of Operations
— Water
Statement of Operations
— Sanitary Sewer
Statement of Operations
— Stormwater
Statement of Operations
— Gas
Investment Report
Page 53 of 64
p l n m O Nit ON O W I N
N
O O O O O
a s
ri M
m n a N a n
of m ri m o m
O O O O O
ZZ
ry ti m m ti
N O y O
U 0
C
V F
n M
O
o m m a m n m
wu
>
O
V
a
V
an
00 '0
a 0)
n
Q Z_
V7 wOF
in n m o� a o
W
z
W U a
c
UL
CL
O-
ry n o� ti m
N
W V w
d
O
3 V
n N
u
N z x
r�vt W m rNvt OOi
rv� m m a n
J O
Z_
Oi ri � r` O Oi N
n m
n N
o N
x O N N of ti N
� �"� N 01 N DJ O
3 0
a
z e
ri of a �
ti N
p l n m O Nit ON O W I N
N
O M
O' N
a
`o
v
a s
ri M
m n a N a n
of m ri m o m
M
o"
ZZ
ry ti m m ti
N
O M
O' N
a
`o
v
OC N
ZZ
a
U 0
C
V F
coo y
O
wu
>
O
V
a
V
an
00 '0
a 0)
Vn
C
Q Z_
V7 wOF
D
O
W
z
W U a
c
UL
CL
O-
F O F-
W V w
d
ar O
tt
Z
� N
u
N z x
O O zu v
O
�
Y a
Z_
} O u
w a
2
>>
o N
LL a a
W
3 0
a
z e
O
Ou
O
L
O F
V m LL
z vai
N in N a
m m ry N v
ui ry m
ti ry �
r` N
in N o �c
N m o a
v v
v v
s>
av
n
a
`o
v
o
V �
of N M
e e e e e c
rym of o n m c
m� N u
N n o� o m nia
ip p] ry m ry C
n a ry
UJ r` O N N 01 p
N of of 01 of O ti
0 0�i m ry m a
ip m i0 ry ut O ut �
N W n � � W ifl lrI
ry of m r
N n O m ou
a ti ClN m N a
ai ui o m ri o m u
n o� m a of a u
N m m a ti� p
N UJ i0 of O 01 O p
ti ti m ui '+
n ti n ui ti
N ti
4-
0
LO
N
O1
F
Z
F
W
Z
Z w
Q
W
Z
1, �
-, V
O
z
O
a
Q
O
C w
O
Q Z
O
2 o7j F
W
O.
U
WOZ
06
o
Ua
z
p6
> N w
z
W
U O
C V Q
z Z
z
w
u
> N
u J
2
vii > V' u
Oz
> d
w OJ
W
c
z
y V
w
V u
ga W
Z
z in
w d
a g
w
F
O
=O } v�Wi N
N l7
W Z Q
O a Z
a s
a a
W a
o a o
a
OJ ga
a o
p d
z
z
p y
Z z z
z z
z z
z
a o p
z
O
¢ Oz g o
W O O
Z
Z O
Z z z
z z
z
O a
_ w
,>++ > o
J
a>
LL LL LL
LL LL
„>,
z LL
U Ou 2
Ou
w w
w0 x- E OV
D o w
a
w 0
4-
0
LO
N
O1
O M
O' N
N O
C N
u o
C M
f6 �
f6 O
to v
a ar
v �
CL
O L
v c
c v
t
o x
Y CL
O.
O H
x
U m
r`
a
a;
v
d ?
a v
a -
a;
v
DJ
N1
0
v
0 �
0 C
�
a
a
a
V
r
m
o
r�o =
L
a �
N 1p
v
V >
m a
l0
- a
0
0
o
o '
01
r`
O
�
m
N
�
of
�
m a
tp �
m
m
�
of p
n
a a
a
a a
a a a
e e
�
O 01
N
N
C
0
o
0
0
0
0
N
V
n
ri
a
Ol
Ln
O
n
Ln
Ln
rn
N
N
a a a a e
0 0 0 0
O O 00 of C
o � a
� n a
of N of
a
N T
d N
a
a;
v
d ?
a v
a -
a;
v
m �
-i
'
0
v
0 �
0 C
�
a
a
a
V
r
w
v o
�
v
r�o =
L
v
3 a
N 1p
v
V >
v
V >i
l0
- a
0
0
o
o '
0 0
0
� a
of
C
o v
v
tp �
m
�
of p
n
a a
a
a a
a a a
e e
ip
ip Oi
rvt V
C
N
a a a a e
0 0 0 0
O O 00 of C
o � a
� n a
of N of
a
N T
d N
m �
-i
'
�
DJ
0
0 C
�
a
m
V
r
w
v o
�
v
3 a
N 1p
vl
W
l0
- a
m
lc
C a
m
o
o '
o �
0
� a
C
o v
v
cW
C Z
N
of p
Y Y �
v v
o L v
a
rl Lc_
't
a
cl m
m o
O c
c c
o�i u
�
ip
ip Oi
rvt V
C
0
o
0
0
0
0
0
0
O
O
N
O
O
O
O
N
n
Wvl
O
O
O
m of
ry i0
of O
r` vl
N
a a
a a a
e
e
e
vl vl
O� O
N
a a a a e
0 0 0 0
O O 00 of C
o � a
� n a
of N of
a
N T
d N
T n -
O
Q
d —
d N
L1 >
O
O _
a v
v v
w
v o
�
v
3 a
z
o -
0
o �
0
� a
C
o v
v
cW
C Z
'o
a 9
a °1
OF
Y Y �
v v
o L v
Z V
C
0
o
0
0
0
0
0
0
O
O
N
O
O
O
O
N
n
N
a a
a a a
e
e
e
vl vl
O� O
N
V
M
m
O O O
M
N
OC
m a
m
n
M
W W
W
N
N
OOi
O 0
O
o
rvt
M
M
M
i0
ti rit
N
N
O�
vl lc
m
L' N
o
M
M
m m
v
v
o
1p
ry m
ti m
N
m
N
W
iO
O
N
n
01 i0
'-I �
O
N
N
O Nm
m
I
m O
to
N
W
N
w
N
W
a
u
a a
y
3
v
0
M
N
M
-m
N
O rvt
I� m rvt
N
O�
v,
LL
Ln
�
o z
OC
w
O
W
in
W
N
Z
N
n
z O H W
z
F
C
cW
C Z
OF
C
N
7
Z
Q Z
W
V
LL
d
Q
W
Z
Z
a C
LL
O
a
vn
j a
x
z
H
o w
w
u
W
a
u
a a
3
Ln"z
�rz�
z
�
z
a
¢
v,
LL
Ln
�
o z
OC
w
O
W
in
W
N
Z
w
z O H W
in
Z w
W
O
z
a
w
o
g
W o
o
m d W
z
a
W }
o
LL
Z
U
Z
O
G
F
X Q
m
z
W
LL
o
W
w z z
z
o o
a
o
z
C
Z
z
¢
J
z
a
o W
o
J
Z
N
W
O
F
W
¢
l.7
H
W
Z
oc
W Z
W
m}°
Q V
ww
C=
g
W Z w
a
x 0 WZ
H
Z
d
z,
a a
o
a C)
o
W a o a
O O
C7
Z
u
a
0
Z
z
U' l7 O
0 V
V
w
H a C7
H
C7 H l7 a
O
?
a
r
N
N
M 'O
O W .�
N i
0)
o
Gl
u a
d j
O fn
a`
N V C
o a
N L
6 N
> m
M Gl Gl
N c
N f0
f6 �
N C
3
Q �
m
N W C
O � 3
N � �
CO N
m
m
N
O
N
O
M
d
W ~
N W
12 d
W M 2
Z O: HLU LU
d
V Z N c
W O
Lu Y U' V E
LL Z Z H
o 0 Q y
V 0=0 > o-
100
0 0
oo�o tirn m �
�
ID r--: m ti N
' N
a m o � m a Im
Ln o
r` v
fb r
Ln c
Ln u
a
ri
m r
fn
r r
O r
O r
N
Ln u
n c
m r
m
m
m
ri u
N
a r r
r r
m r
r`
N
M
7
T
w
E
E
0
U
0
Ln
Ln
O
� V
r6 �
0
w
N > \
O � �
p
N w
V Q
AO
N
a`
m w w o o
o
0 0'
N V c N
Nm
O f
Nr6 to Ln
to
of O
C ++
r6 r6
> N
o �
cn
N Uw O m
m
� c-1
o oo
O C n O
N N
N
W
Lr1
i - oo c -I
•r6
m
-Zt n
m oo
> 0
oo
m
r6
O
N
00 N r
N V n c -I
o0
m n LZ
Q ++ m ri
0
m" zt r
M c -i N
y� Lr1
'zt
Lr1
c -I m r
ri
ri
r
N w C m m
N
N o C
Lr1
p+ O O
1-1
oo -Zt f
m M m N
Ln
c -I m r
� ri
ri
ri
-
N w w
LLrl O
N v to oo
Ln
`3
m m Ln r
m oo `3 r
o
7
On
Q m l00
c -I
n� m f
QN
Lr1
N
m N m
N
M
N
O
N
O
M
w
C
Z�
W
w
W W N
W
'm
U In
Q
CE w
N C
W C
7
X U
W x c w
'rn
w op p
to F
LL Z Z > w
w
w
O LL Q t
z
U w
� ++ w
Jc
w
O Q � p L
U (7 > u O
w
z
a v m
O 0 c
0
Ln
Ln
O
%
(
'IT
S
0
m
LO
¢
2
n
�
{
_
55
_}
°
{$
\\
u
E
\}
={j
|E
N§
10
\
WE
\\
\\
\\
\\
�0'
)/
\
f�
k\a
\(\\
\ \\
}m
rn
$2
/ m
\0
N�\
\\\\
\�\(
R[£
2
Ln
\ � /§
r,
rn§
rn
Q
gƒ
LU
LU�§!
-
LU 1= )
-
§§§k
ai
\
�)(
(j�
(Dux
0§22
}0tz
-
aj
{{\:
§�kJ
\\\)
0
%
(
'IT
S
0
m
LO
¢
2
n
�
In
4-
0
rn
O
W
txn
c
U
OJ
T
�p
�
v
3
a`
o
Y
v
vcl;
�
— v
O Nv
v
3
o
V
v
CU
v E
U 7
0
3
C
>
v
E
O
O
Y
v
v
D
E
o
-0 9
V
O �
v
N U
� O
N
O
U .—
Q
U
OJ
N
3
_ Y
vw
v
U O
U Y
OJ OJ
OJ n
O O
C
0_ O
O>
U
CC
OJ
aj
N
C N
OJ
C
i
uU
U .0
U 0_
M +_'
L
000
O
O O O
O
O
NN w v
O O
O O
O
O
O O O
O O O
O
O
O
O
OO
m�
m
Ln
CU
In 7
0
Lr
Nr,
m
N
Ln
N
O 3
cu -
N
N'
N
V
v j
.cu
� LA
a`
M N N
o 0
0
0 0 0
0
0
NU C
O 7
Ol
Ol 7 0
r
OO
N
m O
00
Oi O O
7
OD
'
N
> m
e
cm cu cu
N
I� N
Ol
N N m
m
V
U a
m a
O a co
o
N M
N I-
Ol
Ol lD m
CO
N
N
T
Y
O O
n
CF)
n
CF)
n Ol N
O c -I
l0
CO
N
N
>
.-y
.-y
N
O
Y
.
N
N
N
N
v
O
U)
N f0 a
I� n
7
.-y Ol V1
Ln
01
U
yt.
m
O N
�p
.,
N v
Q Y
N N
O I�
V1
n
Ol L' lD
m N 7
O
.--i
V
tp
to
v
00
vOi
�
a � ll
m
Ln
v
m
�
�
m In r,
�o
O
N N cu
O Ln
Ln
O O O
O
�n
-p
O
O ti O
ti
cm
N
m m
vmi
m lD
vmi
Ol
l0 N l0
Om
N
N
V1
7
lD
N lc
f0
m
7
N
7
N
N Ln I�
N
Ln
N
+L
y0
v
� N
O I,
n
O N O
N
lA
w
C> pp
O I,
n
0 7 0
7
l0
N O
O 00
O CF)
N -Z
CF)
m
Ol O
O N Nm
Ol
Ol
01
N
C
� 7
C
Ol n N
Ol
W
N
N
O
.--i
7 .--i In
0
Ln
In
N
In
3
m
v
0
o
F
E
Z
LU y
•_
LU Ic
"
°+
w
wCL
a
x
OJ
uvi ":J,O_
W
w.
J N O
c
L x-
F w
7
U
w
U)
O
E
Y u
C N
v>
i O
on
LL Z N
> N
w
M
C i
w
y
>
o
F a L
OJ O[
CC i
v
w
w
v m N
n
w
]
� a Q'
E>
p Q i
0_
W
N
u 3> w
U 0
W
3 0�
w
z
z
4-
0
rn
O
W
V)
N
O
N
Y
O
U
N
N
N
3
v
� v
Y U
cu •�
CC O
C N
0
O
Q
O
� T
u
U
N �
O
S2 N
Y cli
C t
N Y
L
u 3
M 'Oa_ O
O W V O
N w O
GJ
N 0 O
} Lr
'p V1
cu —
V
v j
.cu
� H
a`
cm cu cu
N r
N m
Y
m M
7 m
O
cm cu cu
O C CF)
N m
Y N
f0 . N
7 m T
r
N
cm cu
N 6l U
V
r O
Q m N a
m r
mcm cu
m
N N aO
N '6 O
CO m c a
O
N N r
m O
m
N N NO a
O > to O r
N O 'a O r
G m � C
Q a
N �
lD
u
) U
i 0
v
0 0 0
0
z
0
ll� 0 0
ll�
N V1 O
sn
(vi M O
c -i
CC
lD c�-I 7
N
Ln +
O
6 W r
Ln
m
cm
N Lr .may
W
N
oo a
m
M
r, N
O
to v
V1
Ln i
M .'.
N0mW L' NN
i
0
4-
0
0
C)
W
I..L
z
i
O 6l O
6l
N V1 O
M
r, W O
N ti O
fn
7
O S
lD c�-I 7
N
Ln +
V1 Ol N
6 W r
Ln
m
cm
� m N
.ti
N t
oo a
m
M
0
4-
0
0
C)
W
I..L
z
O OO
O toO
O
to
N i
W
N V1 O
r
j
lD c�-I 7
N
Ln +
V1 Ol N
r,
M S
m
0
4-
0
0
C)
W
I..L
m
0
1
O
m
w
� J W w
LL. 2
Z W w
LU
= W a yL
N
O
C
H
W W
U- N Z X
O Q w
O °C
cn -0+ OO
O
O O
O
O
N W w O
O
O
O
D
O
r-
O
00
O
00
N
t00o
r �
m
v '^
w �
V Q
AO
N
a`
m w w o 0
0
0 0
0
0
N V C m n
Ln
O O
0
N
N N, O 00
O
N O
O
.--i
- + -j
N N
> n
C
°�m
a
0 o� L^nm
•--I m
c -I
00 'zt
N
;
O
N m
C +� r
m
oo ri
o
i
n
> a
m
i
s
N f6 C Ln 00
nc-I
00
1
O1 a
N ;O O
O
00 rz �
�
� i
u
Q c -I N
m
m
n
f6 N N
m
�
m r,
l0
y, 00 �
N
N
m
rr
m N
m 01
l0
N
Ln ;
ma'' w Ln Ln
w
N C
O
c- O
c-
I
C3)l I
00
N "6 W N
N
C O
C
Ln
7
cam000°�0
0r,m
rl Ln
m
N
r,
Ln
N
m
m 01
N
+
c -I
c -I
c -I
I
1
N �' O l0
y w
1D
n O
n
N v O N
N
n C
n
Ln
0
3 l0 l0
N
c -I' l0
n
Ln
Q m D1 00
l0 -Zt
O
O
Q m Olzl
Ln ri
0
O Ln
m 00
l0
r,ri
N I
N
N
cI
N
-
s
i
I
1
t
w '
rn ;
W1
C !
O
w
wCL
X
w
7 C
x co m
U
w I
c w
LX
O
C
w >
> w
w
to
c
w
c i
w
w
v
D
z
w
w
m
z
>
w e
0
wcc
L
>
>
v 0=
O H
w
12 1.
0
m
V/
LL
0
N
0
;\
W q O C
O C
0 u
}
a
Q
001 0
OIO O
W
4-
0
N
N
N
O
N
c
cricoQ
Q
Q
CIO
cc
dowi
Q
cz
Q
m
CD
a
dmd
CD
0
(Y)
1
i
Q
1
2
�
U
0
Q
U
r
U
cd
u
.�
S
N
Q
i
�6 0o
m
�
N
o
NIEEE
Q
Q
=
�
Q
cc
a
E
..
i
>CD
dd
b
a)
o
Q
i
cc
Ict
U •�
N
iU
Cc
ab
r
Q
in
Q
ca
Q
Q
LnLnLf 1Lf 1����M('�X'AMNNNNc-Ic-Ic-Ic-10000
a�
a�
0
0
0 0
0
0
0
0
0
0
0
0
0
0 0
0
0
0
0
0
0
�-
0
o
Ln
0
0 0
o m
M
0
o
M
0
Ln
N
0
o
N
0
Ln
-i
0
o
ri
0
Ln
0
(Y)
1
i
Q
1
U
0
Q
U
r
�b
u
.�
S
N
Q
i
0
m
�
N
o
Q
bDUE
CAN
Q
U
0
Q
U
r
�b
u
.�
S
N
Q
i
0
m
�
N
o
Q
bDUE
Q
Q
a
E
>CD
Q
i
cc
Ict
U •�
N
iU
Cc
Q
in
Q
ca
LnOLf 1OLnOLf 1OLli0LnOLnOL(i0LliOLnOLf 10LliO
�LnNo�LnNo�LnNo�LnNo�LnNo�LnNo
LnLnLf 1Lf 1����M('�X'AMNNNNc-Ic-Ic-Ic-10000
cpa
N
O
CDN
Ems
mm
O
CO)
cc
ow
i
y
w
0
aD
w
Z5
W
O
O
O
O
CA
N
O
O
O
M
cr)
N
N
M
N
O
O
V
O00
76
�
O
r
N
M
O
L()
-
lil
N
N
II
II
N
LJJ
Q
N
M
W
a
°b
a
N
N
am
w
0
w
o
0
0
0
co
a4
w
0
�
o
0
0
0
bb
N
o
W
W
isN
O
O
O
O
O
O
07
00
O
O
O
J
O
cc
I-
N
LO
M
N
00
O
DUE
CDu
y
m
a
b�
N
No
=
N
CIS
COD
O O
O
O O
O
O O
O
O O
O
cc
a
w
:.±
O
O
O O O
O O
O
O
O
O O
O
ti
ti
LO
N
W
LLI
U
V
IT
lD Ln
O
(Yl N
-1
_
0
aD
w
W
O
O
O
O
O
O
N
O
O
O
M
cr)
N
N
W
M
V
O00
57-
O
O
O
O
L()
-
lil
N
N
N
N
LJJ
Q
a
0
w
o
0
0
0
0
0
0
0
�
o
0
0
0
0
J
O
O
O
O
O
O
O
07
00
O
O
O
J
O
N
I-
N
LO
M
N
00
O
(O
w
a
a
=
CIS
COD
cc
a
w
:.±
O
O
O
00
"'liW
O
ti
ti
LO
N
W
LLI
U
V
IT
O
O
N
_
M
Z
�
Ln
o
C(Y)00
J
000
�
O
L
fC)
LU
co
LO
rn
CN
LO
00
'
=
W
m
Ln
M
LO0
Z
N
(`')
Z
M
*me
y
CD
COD
�s
�i
y
C
o
0
U
a
0
U
N
N
U
m
m
N
N
M
m
H
M
m
oZf
Cl)
m
0.6
06
N
O
—
—
O
O
C
tq
C
N
N
C
LU
C
Q
U
.E
�
7
++
W
U
C
-O
-O
+-�
L°
Q
a
>
C0
>
a)
�
�
N
a
a
5
a
=
U)
=
U)
U
a
U
0
aD