Loading...
HomeMy WebLinkAboutFIN-2025-365 - 2025 June Variance ReportStaff Reort � ) Financial Services Department www. kitchen er.ca REPORT TO: Committee of the Whole DATE OF MEETING: August 25, 2025 SUBMITTED BY: Ryan Hagey, Director of Financial Planning & Asset Management, 519-904-9347 PREPARED BY: Debbie Andrade, Manager of Budgets, 519-904-9344 WARD(S) INVOLVED: All Wards DATE OF REPORT: August 20, 2025 REPORT NO.: FIN -2025-365 SUBJECT: 2025 June 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 positive variance of $326,000. • All enterprise operations (non -tax supported business lines) are projecting positive variances. • 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 2025 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 2025 will be a positive variance to budget of $326,000. The major contributors to the overall positive variance are Gapping savings and higher than usual accounts receivable balances in Penalties and Interest which is offset in part by negative variances in Engineering and Planning, which have seen *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. Page 93 of 112 revenue shortfalls due to slower than budgeted development. 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 all of the enterprises are projecting results that are better than budgeted. More details about each of the City's enterprises are provided in the report below and in Schedules 2-8. Operating Fund — Tax Base (Schedule 1) Staff is projecting the City's tax supported results for 2025 will be a positive variance of $326,000. 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: • Neighborhood Programs and Services is projecting a negative variance of $230,000 due to higher than budgeted Leisure Access fee assistance. • Sport is projecting a negative variance of $267,000 due to higher than budgeted snow removal charges. Development Services Department: • Engineering is projecting a negative variance of $767,000 due to lower than anticipated site plan and new subdivision revenue. • Planning is projecting a negative variance of $883,000 due to lower than anticipated site plan revenue as many large projects are on hold with the current residential housing market slowdown, increased cost of materials, and global economic uncertainty of supply chains and tariffs. General Expense: • Gapping is projecting a positive variance of $1,800,000 due to staff savings resulting from regular vacancies. General Revenue: • Penalties and Interest is projecting a positive variance of $1,111,000 due to increased property tax receivable balances. Infrastructure Services Department: • Parks and Cemeteries is projecting a negative variance of $201,000 due to increased costs in the downtown core and maintenance of playgrounds. Enterarises — (Schedules 2 to 8 All of the City's enterprises are projecting year-end positive variances to budget. Details of each enterprise are noted below. Page 94 of 112 Building Enterprise (Schedule 21 The Building Enterprise is projecting a positive variance to budget of $677,000 due to an increase in new single detached dwelling permits and staff vacancies. Golf Enterprise (Schedule 3) The Golf Enterprise is projecting a positive variance to budget of $112,000 due to higher than anticipated revenues with a successful start to the golf season. Parking Enterprise (Schedule 4) The Parking Enterprise is projecting a positive variance to budget of $328,000 due to better than anticipated monthly and daily parking demand. Water Utility (Schedule 5) The Water Utility is projecting a positive variance to budget of $2,472,000 due to increased volume of water sold as a result of the warmer weather. Sanitary Sewer Utility (Schedule 61 The Sanitary Sewer Utility is projecting a positive variance to budget of $5,340,000 due to higher than budgeted revenues, which is consistent with increased volume sales also noted in the Water utility. Stormwater Utility (Schedule 71 The Stormwater Utility is projecting a positive variance to budget of $30,000 due to higher revenues from increased development offset in part by increased maintenance costs. Gas Utility (Schedule 8) The Gas Utility (Total) is projecting a positive variance to budget of $1,160,000. • Gas Delivery is projecting a positive variance to budget of $1,405,000 due to higher volumes of gas sold because of the colder winter. • Other Programs (Rental Water Heaters and KU Dispatch) is projecting a positive variance to budget of $372,000 due to higher rental revenues. • Gas Supply is projecting a negative variance to budget of $617,000 due to higher volumes of gas purchased. Investment Report (Schedule 91 All investments made were in accordance with the City's investment policy. Short-term investment yields to date have averaged 4.29% which is lower than the average interest rate of 5.84% for all of 2024. STRATEGIC PLAN ALIGNMENT: This report supports the delivery of core services. Page 95 of 112 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 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 96 of 112 a M O m Ln co Lf1 M LD N Ln 00 M M LD r1 0 00 00 f0 U O N LLI U U 00 111 -a Q N ci W N � 3 0r1i0 00 �O CL QJ o a � V) m a� N Ln i f� 3 O N N r- O � N W F- o � n O UCu Ln a 3 N N O •L � � Lu N � d > Q1 O G ca LT Ln lT N > > N 00 Ln i 3 Lrj M N 3 U � .+ va) I'D N Q N fC LL CA fC N N J N 00 �+ S= Ln tuD m m o N mcv O C O N > Q f0 tT O + Ln CU 'O ++ ° a yam., N m N � 3 m ai QJ m M Ncu a M O m Ln co Lf1 M LD N Ln 00 M M LD r1 0 00 00 06 LLI U U 00 0) ci O 0r1i0 00 v Z6.00 LU QJ o U Q. Z U U V) m0 U C r- O oOf N W F- O^1 1.0 M U 00 01 Q a)Ln N O) Lu > d > Q1 O G > QJ pA p lT N > > M QJ L > 7 Q Q! Z � .+ va) W .� tao M LL O N J bD N C W O Q of CL O C O C L > Q -6i CL � + 'O ++ ° a yam., N LO tDo 0) ai QJ = a M Ncu O N N M M M LD O LPI o0 rl o� N o- M M of a) v w 0--0 OL Q o n r� -0 C= L.O LD -0a N l0 m C M c +� Ln c c v 1-1 00 y., + C L M + : Q1 C S C fO c C Ql Qj > (1) Q) N QJ UO O Q1 L.O w L rl L � '- L -0 CO C O) .� LO O v, : Ln U O U ro U - L N M O ::� O O 00 't O c I O 00 ON 00 00 I N rl M Lo r, M rl Ln N O1 Lr) 11 lz� m ,-A Lnrq c CD O O O O Ln N 00 M oo n -i l0 LO 00 00 06 LLI U U 00 LU ci r- 0r1i0 00 Z6.00 LU U Q. Z U a m0 N r- O oOf N W F- O^1 1.0 M N 00 01 00 a)Ln O W O2 O) Lu 'n d H O G W p lT N M ^ Q U Z Z W c -I M LL li w LU W O Q of .L^ O Q O > Q Q CL � w (D ° a N m LO r" 0) a --I = a M O -1 Ln M M M LD O LPI M rl LD N M M M O rl w Ln O -Zt n r� LD L.O LD IZF N l0 rf Ln Ln N I:F 1-1 00 rl M 1:T N w N a) O Lr) L.D L.O w M rl O N O) M LO O Ln O N M 00 't M L.f) 00 O 00 00 LL) Lr) N rl M O1 r, N rl Ln 00 O1 Lr) Ln m 00 Ln oo Ln N m Lr O 00 19 N W ZF 00 M O O1 m 00 00 00 0 rl rl r -i r, Ln ri m Ln r, r, rl (14 Q) O N LT I:T w ri o Lri o r N M ,:1- 00 00 n O N G) Lr) 00 O n O N N rl N M M lD Lf) Ln 00 n .--I Lf) Ln 00 LA W Ln N N .--� O (.6 O IZF r-1 N r -z O1 LT m r1 00 m rl rl rl 00 m r, O N LD M O n r -I N Lr) O 00 Ln rl M .--I M rl N M N r'n LD _o W z 06 LLI U U LU LU Z6.00 LU U Q. Z U a N N o oOf H W F- cc U z i Lu SZ W ULn In O W O2 O) Lu 'n d H O G W p U 06 Q U Z U Z Z W LU cc Ln LL li w LU W O Q of .L^ O Q O > Q Q CL � w (D ° a O N o m o LU = a o z Ln W 06 LLI U U Ln LU CC W Z U U Of N N D H W F- Z U z i Lu SZ 9= Q Z Q O inc! C J d Q O G W Q 2 = 2 o O O 0 0 0 Lu Z 0 m N E E O u L+ � O O O O f0 U O l0 (r1 00 LM Q N om rl � W N � 3 > (6 N rl Cl 0 ; Q Z 00 CD a..+ aU+ v+�+ Z_ •O CL v Ln � N V a � V) C ;t �o m 00 1.0 rn U v -1 Ln co � Ln 3 M v v N N N � rn o ZT 00 C co +' 0 � o 0 cu o o o � �' z o_ U v� N Q � Lmr� O O Ln LPA 3 n O O lD O •L N � rl 00 N � cC z O Ln r -I -1 o0 W GJ C r, m —i Ln N 3 3 n � n -1 Ln m N N O u N Q O J a W m U a w CZ C a J m Ln n -t a o -i o u O ++ Ndp m M Lin 00 0 00 aoi O m O N m +, a u m oc z> f > f0 z u o Z a a a B u z w O O LU it > LLQ dA -1 Ln 00 -1 Nm Z Q Z Q J J Co W Z u o W N r -I N M Ch DO LD 0 Ln M n n 0 14 O w N M n 0 14 00 O -I � cc LD m m -1 Q)° N C U N -1 -1 o U C � U v C > om rl � > � > (6 N rl Cl 0 ; Q Z 00 CD a..+ aU+ v+�+ Z_ m m bD v 0 v Ln � N V ri ri C ;t �o m 00 1.0 rn ri rn U U U U m 1:31 0) co � ° ca 0000 0- m r, C v Cl Ln LD t�0 Q00 00 -- s c rn o ZT 00 C co +' 0 c co o 0 cu o o v �' z o_ U v� U Q � O O O O rnm N WWC Ln m lD 00 00 N rl 00 N 00 O -I � cc LD m m -1 N �D O Ln -1 -1 o om rl � �D kD N rl Ol 00 Z 00 CD Z_ m m � m Ln � N V ri ri C ;t �o m 00 1.0 rn ri rn N N r- 00 O m 1:31 0) 0000 0- m r, rn � o o Ln LD t�0 Q00 00 00 n rn o ZT 00 rn Z LD O1 N 00 00O N 14 O 0 Ln 00 o� N O oD LD N O LD a Ln Lq ;:z N N m m N M m N r -I Ict 't N Ln 0) 00 00 00 L.0 Ln N 00 tLn Ln —A Ln N N 00 iD o m 00 m r -I Ln rn A V) ++ w _U > H U Z_ N V z v U z w> Lei L- o z o_ > W u z Q � Q1 Ln Lu O N WWC z z U ~ H N w O LLJ 0- z O � C W W z O LLI J O LL' O J a W a U a w CZ C a J o a a o -i o u O o 0 z o N a N s u z a u J oc z> f > z u o Z a a a B u z w O O LU it > LLQ o> LU (D a a> LLJ Z Z Q Z Q J J W Z u o W N O U Lu 0 Z w J a Lu v, W o H LL Q LL Lam\ F- 1 C W Z 0 N O N W a o = M V Lu r � Y W V LL z c O E X 25 s V � w N E E O U L � 02! O f0 � U 47 111 Q N v v U N W W N � 3 0Z ++ Z Z Z Ln W W •O CL a � V) O Ql Z U N LA 2 3 m � O N N W U � > (A Z Ln z W Q< NO m o a rl coo Cu U Ln r- r- a Ln r m -C:� N N N •� o 7, E > GJ Q Q W F- � W X W LL O O !? w cC LO m r- N 0Ln N Ln C 3 a W N O ami N U Lu J g a0 LX N LL � o r- m 00 m N Ln dA m 00N a Ql m N mis J L) Q N z Q of U Ln f0 rN O _q m 0000 •� -a cu Z O -1 m LO m 00 01 Ln co m00m rl 00 m N Ln m Z W z N W J W j Co c Lo v > a H Z Z 06 02! O v v U N W 0Z ++ Z Z Z Ln W W t!I � U U 0>G W W Q' Z f= L) N Z � > W U > (A Z Ln z W Q< a Z Z � a LU N OA > v o = Ln Q LL o 7, E > GJ Q Q W F- W X W LL O O !? w H W W W LL OW ♦- a W LL � J Z Q Q -, a Lu J g a0 LX m LL � LL' 2 (D Z ~ N LU a o Ln LL J L) Q V) z Q of U Ln (D W •� � qA Z O z z J W or W Lu H ♦- 11 Z W z N W J W j Q c Lo v > a H Z Z z o Q a cc Z m a Q 2 a x Q Z H z U v� o W LL a o a O 0 ' O x 00 O W o O LL Q N = O 0 0 m co O v C) (D 0 00 W H w rA rI 1 0 ' o 7.- o 75- m N ri 00 1, L.6 Ln N O O LD L6 00 � m ri O r4 r -I r -Iv ri 1, ri m Ln o m o -1 Ln r i 00 Oo r1 m Ln Ln 00 O N m O N M — N 0 00 m 0 M O r, Ln N Lr M 00 LT -1 � LT OItt ^ O a) 00 LO N O ri m -::TM N m Orn 00 Ol r -I Nr -I r -I' LD N N � n r -I rn co Ln 00 Co N M .-I O L�i1 110 O Ol 00 I� O N m N O Ln r N m N N O M N N 1l n 1, ri lD -1 Ln -:T O Ln 00 N v r -I c -I 00 1n N Ln 't O � u1 O O 00 ri zte-I O O O LD ("I00 LD ll O N N Il 00 <D m N M n O mO 00 OLn It It N � 00 O) LO � In N 00 m ri LO ri Lr 00 r1i It lD c -I Z r -I Ll1 N N N Ol O � 06 02! N W 0Z ++ Z Z Z Ln W W t!I 0>G W W Q' Z f= L) N Z Lii W U w (A Z Ln z W Q< a Z Z � a LU o = Ln Q LL o w > GJ Q Q W F- W X W LL H W W W LL OW ♦- a W W CC J Z Q Q -, a Lu J g a0 LX m 0 LL' 2 (D Z ~ N LU a J L) Q V) z Q of U Ln (D W •� Z Z O z z J W or W Lu H ♦- 11 Z W z N W J W j Q Q d > a H Z Z z o Q a cc Z m a Q 2 a x Q Z H z W o W LL a o a O LL a x a W o W LL Q LL W = = H 0 0 m co V v v C) (D 0 0 W W H w II v V; D(1) -0 u v V � C c6 N fL6 � N OJ � N E OX Q E �m -0 v +� O U v Q C) 0 0 Q a C: (3) N U L O U O f0 U O� O L11 N N � W 3 0 CL L- L- U 111 2 3 O .�—� M fY1 N v '' N � � o � Lr) Ul CD 00 G1* Lf1 O M LO ULn N C r^i M ll N .L l > CA c -I N O M rn N M N P, _ C O O r -i N r -i M O LA f0 3 Ql LO1 L!1 r -I N Ln l 14 N +�+ N � N 00 N N n CO LD O M M r� N 00 U N Q Lfl � r- � N N c -I N O N 00 W ri OQ M O O IIR I rmi l0 Ln 3 M O1 N N N N N O M W N oc 00 r -I r -I I:t N Lvi v ni r4 op m w 0 o r1 m r1 r1 Czr N O Ln N m lzt Ln �+ O m Ln 00 I- C r -I Lfl Ln N w cc It lD W rl N m o m't w w v ci V) c Q. W W 2 O LU cc W L U LU LU V) z O Z LU z z > O N O L-ujw x oC J = O J Q W J .T Lu J } a J W f— W f— LU W Q O W a ' W > o W (7 O z V W O v LU 0 z H o W a � U.) W O W H II x Q F- 1 C W Z 0 N O N W a o = M V Lu CC ; F- '13 Y W V 6L Z c Q E x `r 5 s V � w -0 1= la N C +J D + O f0 •L La .N •L C > > > O Vf a) '� > s Cl) S9 > v) a) +� > Ww E^ C:f4 C L f0 C a) O Y `~ y >� L bb U aj � U v a�Lo-0 v v n Q O to u E}+ OV) L O L v 46 fl_ O_ � a) fu w Q Q cu Ln .� o a)U a) •� Ln 0 O M 0 0 U +� O_ O O v U ++ -0 O N 1= O U a-+ O n3 17- O O O O O O O O y O� O 00 N M 111 � -a Q c I -1 N N O N � W O O CL L- L- 0 N U W l0 I� M N O l0 Ln f0 m O v v m m m tG O N N > o m m rn m m rl � n 4J N lItD M Ch 14 M NO f0 M 00 N M lN0 cC N 0 0 i n 00 qr G1 u1 Ql V1 M O lA Q1 O _ LA f6 O 3 � n .r -i Ol 00 ca qr N M N N LD U06 N 06 06 N o a LM N Ln 1A GJ M N ^O lD t0 M N O 00 m N Q1 N dp m m rn -i14 O Nm 00 ^ .�-i N f0 O 1- ' -1 u1 MCD ' N O `r' *' o Ln dA v � rn° N ry� N Ln m06 z o Ln o .0 W 0LU ~ i v Ow oc J OC Wa v z w LU cn U p O Q zLu N 2 U I=J p V1 U �U w 0 _O H U co I --W CA U .T 1= Q z w =LL � Q LL Z U Q w w a Q a LL Z� Z O Q N z fLLI LL 2E LL O fA �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln `Ww Y I Z O W Z V a z W W W ~ �, N 0 N M ; Y C7 W Q1 LL Z Z N 0 p Q e N m m s V Co N N �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln 0 LD O �o N 00 v en M Ln O G1 O N c O N o 'D++ 3 � — N m m Ln N a aJ N N aJ ^ 3 Ln Ln CO Ln m C � O N C O fD z Ln (O s N M M d > wc > Ln v m > , O v > j y p QJ Q UA p C Q V -6 O 6 f6 p aJ '� a cn r" w> v v 3 m �: v r o c � o V) m o m C ri m Ln y Q o '�, a -0 v ri lD �.� N C:-0 O N l0 l0 �y.� io a) V a-+ N m aJ bA = U m a O O O U -0 O O O L O O O O O O O 00 00 Ol Ol n U (14 N r14 M lzT M 1:T rl� M W LMV C C 4l r f0 N 45 U LLJ L > .G) > O a 0 0 0 �oo o 0) v o v Ln Ln m , o "' m m Ln f0 N i N H �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln �t LD O �o N 00 o M Ln O G1 O N dQ O N LA 'D++ 3 M N m m Ln N u N N N ^ 3 Ln Ln CO Ln m (U O N �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln �t LD 0 �o N 00 o M Ln O Ln N dQ O N O 'D++ Ln N N m m Ln N Ln N y N ^ 3 Ln �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln �t LD m �o N 00 Ln M Ln O Ln lD > O O O Ln i Ln N N M 04 Ln N Ln N y N ^ 3 Ln Ln CO Ln m (U O N �o rl io LD Il to LD I� N M I-� 1- Ln Ln M ZT m rIA rlj Ln ,-I �t LD O �o N 00 M M Ln O Ln lD > O O O Ln i Ln N N lzT l0 1 N Ln N y l0 ^ Ln Ln Ln Ln m r" N O N ccz O Ln z Ln w w N M M d U wc v O Inc O w y cn r" w m o r � oc m o m m Ln y ri lD O N N O N l0 l0 �y.� io N m m = ,-I �t LD O �o N 00 M 00 O 00 lD O O O Ln i Ln 00 N lzT l0 1 N Ln Itt N l0 ^ Ln Ln Ln G ; L N ccz z v CD w II w 2 Q Ln O N 0 ro m C CD =5 OL U C a1 N W (1 CD L N ccz z v CD w w i i > N d wc v O Inc O w II w 2 Q Ln O N 0 ro m Z rI W WLU2L" Z NJ N 0 N W H Y LLW O W ~ Z a V Q o o LL _oar V 0 > O O L o +� o v _ v o � v _ rD Q W V L �j C >M ro (3) ro O O > V �, V)7 O v v an ra Ln � ca c a, o CU O u MM 00 ba u v vi on O N aJ C Q bn C O ,� m E � � L i L a) U N U t 0 p > +' ba U V rU v U v °; > 0 v w° =1 .� (D Q O 4- Q o O a) v -0 a C t ruru =3c aJ -0 6 a) F L v�� ai 1 0 v� v - v a) U N a) Q� � 7 Z5 O v O E O Z3 N U- O O U- .S� O d Ln O L O O C L O O fC O O O O Ln Ln O � eN-I U O O � ei LM C c I r N U LLJ L GJ � � O a o O 0 0 U N N .--� Ol OR M N N O O m N Ln N Ln i N 41 >M N O r4 c N Lr)v ' Fr4 GJ lfl lfl 00 n N 00 n U Lr) �r'n Lr)a-I �r <D N r) Ln N > N 00 00 LO N lD ' Ol G1 M Cl lD ^ 0 r ei Y LA 3 N N Ol m I Q rV to to N .--I N -6 O U N Q � H v Y N N ' lD lfl O v GJ � b0 N 00 Ln Ln � � Ln N dQ � m o O "a 4, ri ri r r i N = m m N Y O s 0 O O CND 0000 Lr) O O m m lD rh I� Lrl m O v dA m m r r c rV O N ry M N N N M @ N � m .3 U o E i O C L w a u ai X v Q `n U U y w In LU 40 o p L F- V, 3 i 3 > > LU C � L L � w � C v tY Z U > v Z a v >_W�� .� CL ci Z v � 0 H� w z CD v > CD cc 0 v 0 lD 00 lD 4- 0 ri 00 W Z Q0 W Z d W W O " N W 2 V W � Z W Q W o c ° Y pp 3 o LCL O Z Z Q C o Y � X s va> � •,� 3 CD v > CD cc 0 v 0 lD 00 lD 4- 0 ri 00 O m N 000 .m-1 O O n Q0 r-1 M QJ � `n I� (3N) N LA pp 3 o N 3 — m o u � N tin � � •,� 3 o tin CG C O v n: � � . r-1 1 O N N Ol O O N O EZ a LA eV 01 N .Z N O 0) O O^ E N 0 m .Z Q-0 � cr) +' ^—' X 41 � O Q U C 10 O Q N O W Z O U C: C ++ C 7 QJ M W C 7 y In a)LL O L 3 1 Q7 N dA S nA C L L -0 W E U C C O u U U u > m N L ns U N ca a7 i O ca caa ca ca U > > > > v a s — 'Z,0 a) �; ro a) z W 0 > ra > C 0 > Z,U +� ca QJ v a +� to a) E +� co oD Q C oA b4 a) WU (a w [a a1 > CL L C C U� C:++ C C C a� v C LJ O v V) C L U > U O 0_ U +� O 00 O O O Lr) } Vrn M M O N N M LM C C QJ r f0 N 45 U LLJ L .Q) > > O a O 1 � 1 N QJ1 V QJ al 0) u') Lr) N Ln i 3 O t.6O nj M cn Ln M N 'i N > N m CD v > CD cc 0 v 0 lD 00 lD -1 (14 N ri 00 O m N 000 .m-1 O O n Q0 r-1 M QJ � `n I� (3N) N LA pp 3 L1r) N 3 — m N u � N N 3 o Q) CG � n: CD v > CD cc 0 v 0 lD 00 lD -1 (14 N r -I 00 O m N 000 .m-1 O O n Q0 r-1 M QJ N `n I� (3N) N LndA pp .r v r-1 — o N m � Lr N 3 o Q) CG CD v > CD cc 0 v 0 lD 00 lD -1 (14 N n 00 O m N 000 .m-1 O O n ri r-1 M Ol 00 I� (3N) N LndA N .r v r-1 — o O N I Lr N 3 o Q) CG � CD v > CD cc 0 v 0 lD 00 lD -1 (14 N -1 0) 00 O m N 000 .m-1 O O n ri r-1 M Ol Lr) I� (3N) N r-1 N .r v r-1 — `M. 0 00 (Z �t lD O Cl Lr) O) O N zT m 1" N m m 00 N ri 00 1- N lD lD lD Lr) O m N 1.0 1.0 1, m LJi m 00 lD m N 1- ri In N O In Lr) O m 110 m —1 ri O m N 000 .m-1 O O n N 4' Mo ri ri " 0 Y 0Lrl 00 `� r�-1 I� o -0 cI rI m .r v U v I o � . r-1 1 O N N Ol O O N O m 1-1 m LA eV 01 N .Z N O 0) O O^ <D <D N 0 m r i r i cr) +' ^—' 00 lD m N 1- ri In N O In Lr) O m 110 m —1 ri O O -:T In r- N 4' Mo ri ri " II a U I o � . LA L LL N C +' N X 41 � aJ Q N W U C: C y In a)LL O L 3 1 > aJ W nA C L L -0 W > Z U N z a7 i 0 0 ro z W 0 � 0 Lu II a Z `I II 2 2 Q 00 �n NLn rq0 O m W o 0 W Z W `>- W L" O " N Tal Y � V L `O} r V Lu Z Q > E s `o 8 II 2 2 Q 00 �n NLn rq0 O m o 0 E a, o °�; 0 E o -0 _0 O > aJ V .ca s O -O Q) •L (U .� coo aJ > E s a) ro O > a) v > N v 3 E x > W o O v +, 3 > v > .Q o . G7 -a 0 a a1 a, V � ra s a v >_ -O o Cl ro v v 0 (D3 0 E ra E v v +, v v> +, V U N la .� > O U U i N U ++ N U a) m O bA > .� O .� O V) CD- 0 +' a O O a o In -a v 7 aA v -0 v � -0 v C m aJ N C Z C 7 c s 'L aJ v C: v Qi L,L to !A s o3 U-0 V, U U s a 0 U-0 fC O O O O O O L.0 l0 O N } V O lD N LM 4l f0 r45 W L N U � GJ > O a o N a o Qj V 4J O �--I O N l0 C1 00 ^ t.6N Ill r -I 'i N O N ri ro N 00 0 Ln LO -1 M r, 00 111 r i Ql n W Ln N N N O 00 N 1D T O •L N N e -I N � > N N Lfl n r- 0) N 00 ei m j. G1 IliN V1 00 L' LA f0 i 3 00 O 00 N r- N N tz M y O N 3 O r- 1:T M -1 rn en -0 p u N iC M M Ln —1 Lo n —1 06a) M Q ai l0 O t0 O rl NM ^ N G1 O N N ri 0�0 000 � 00 rn l0 rr)rq T-iLn 00 M 0M n O N dQ -a N rn r, Ln � � 00 Ln , 3 a -+N f0 N N —1.-i ^ N 00 Lm 0 LD � O 0) O O� —1.1 -6 Cri M M O 01 00 00 Ill ai -i m 00 Lnrn r1i ro (.0r- v � � N f�0 O N 3 000 of to ri Ln ri 0i z ri ri M c 12 N CG Ln LD N i (0 - U .3 0 E ,_ ar v Ln � C: C v - a X v v a CD =5C O ra s C U y X O1 a) > W " L O �'C 110 to OJ > CD a1 f)f CL c w > oc Z } c Z aj ai � ro a) 0 0- w Z u 0 3: z II 2 2 Q 00 �n NLn rq0 O m CD v CD rY 0 v l0 00N Lr"f - IZ N r, O O QJ M N O Lr) N z o0 � WG Z r = W cW W � , N N W V W a ~ o N o m L Y Lazy 0 � V Q L Fx aa� +� a) N Cl Ln Ln 00 m Ln V cn > w CD v CD rY 0 v l0 00N Lr"f - IZ N r, O O QJ M N O Lr) N Q) o0 N aIQ O LA CU 4' 3 00 N o m L O u ++ o o a O m o It +� a) N Cl Ln Ln 00 m Ln o � LD N _y Y o ar ar n: LUU > LN d b.0O O E :n N > tp O i LU -�� m O zr 00 ri o O l0 N 0 kD I� N M Ol m O Ol Q1 M Ln O N v o 3 v F N v o ro o > > ri Ln � N N m Ln LD > > _0- t O .0 Q o cc V) w �Lu I� I� N CL � m 01 O N .2 v t' O i N O aJ co -O —1 Q7 ^ 3 Q- - 41 u = � .... �' v W O T u as QJ 3 O Il 't —A N rl -6 to 3 'i a) ' � O0 N a) N U °�' > -6 V U a) u a! s N 0 t6 a--� > ro C N O U t � a) qA i O t +' O O +>— L fl ro 'O aJ Q U LQ+J O a -0 a) E ro c a Q coo *' m }'aj a) an �U+ Lo U f0 3\ U 3 C v ++ Ln O Q) ro v a a) v L co Q .� v w a) O O Y U O O O O O O O ro �M (�,) c�o -I -1 M ri lD lD Ln QJ f0 45 N U LL L QJ � •O > a N M QJ L1 00 00 O 00 N 06 O 06 � m N � i N 41 > H CD v CD rY 0 v l0 00N Lr"f - IZ N r, O O QJ M N O Lr) N Q) o0 N aIQ O LA CU 4' 3 00 N m m m O u ++ o l0 c -I r4 O m o It m N Cl Ln Ln 00 m Ln LD N _y Y o ar ar n: LUU CD v CD rY 0 v l0 00N Lr"f - IZ N r, O O QJ M N O Lr) N I, l4 o N aIQ O O CU 4' 4, I� N m m m O N � lfl l0 c -I r4 O m o It m N Cl Ln Ln 00 m Ln CD v CD rY 0 v l0 00N Lr"f - IZ N 0 O O 0 N O Lr) N I, l4 o O m Ln CU 4' 0 a) 04 O N � lfl l0 c -I r4 O m o It O l0 l0 Q1 M -1 o o ri Lr n N N N Cl Ln Ln 00 m Ln LD N _y Y o ar ar O LUU CD v CD rY 0 v l0 00N Lr"f - IZ N O O 1.0 Lli N O Lr) N I, l4 O m e» � U Q l0 c -I r4 O m o It O l0 l0 Q1 M -1 o o ri Lr n N N N Cl Ln Ln 00 m Ln LD N _y Y o ar ar O LUU > LN d b.0O :n 0 C i LU z O zr 00 ri o O l0 N 0 kD I� N M Ol m O Ol Q1 M Ln O N CY) M m N a)kD a) F N v o r- m ri Ln � N N m Ln LD _0- t o o cc V) w �Lu I� I� N 0 0 I, o m l0 M m M � m 01 O N .2 v I� lD O 01 N N —1 00 —1 O I, 41 .... Il 't —A N rl +Z II 0 w 2 Q O O Ln N O m tin v � U Q m O LUU > LN d b.0O :n 0 C i LU z (6(6 a) Z a) LU += LU _0- o o cc V) w �Lu II 0 w 2 Q O O Ln N O m III F- _ Z Z ba - LU Z J D W L 3k W LLI < Q � 2 j Y L ] LL 0 Z Q ) � V 0 � Q >) § _ f III \ 3k 0 \ $ _ c .g - z \}k\ \\7u 0 ro ° \ ° 0 w ( 2) ® o e / / \§ E/' / § a 2 2 9= z Q 2 i> \ \ > g 'E ± w » m > - � / u a) CL \ w w / ƒ ( ƒ / ) / Z. / _ / \ 2 \ \ 3 n \ y = G _ 0 k C) / ƒ � m rn k e jQ LLI m N 2 » a \ \ \ ■\ u ■ > m c c d § 2 2 j N M � ■ 2- 00 m o # # � r -I00/ Lr) > q \ \ \ Rt \ \ \ ■ C LM -ra / / k \ g � m � U 6 Lr� w 2/ 7/ « � ■ \/ \ \ \\0) j \ c 4 Ln % c a w e \ w& , /Q m g m \/ , ¥ Lr�¥ 6 / " § m / \ \ \ � \ } \ \ ■ Ln % w 3 m » Q¥ a, S $ o m / $ p } N� k Q S ® r ® 2 W m � \ k ( c - g 7 u ( L k [ R 2 x J § 7 \ j E 2 E E/ & k \ § 2 * \ ( ) B \ o \ ± k / \ 0 nf & I III CD c v CD cc LL 0 v ri lD z aj N t0 W 0 W Z Lrl W N O N W 2 aIQ a o m c Y � V v LL o�a0 m Z L O U W u _aa� V C7 > w CD c v CD cc LL 0 v ri lD � O , aj N t0 GJ 0 Ln Lrl G1 L 0 0 N aIQ ° � N LA CU 4' 3 N N m v O N O U W V 4J t N Q (n ro vl N Mm 00W H V of M Lr) r -I U') .—I CO o N N CO 00 O ro dA N -O m O' Lrl I� ro > v O v ULU L Ln rI rI aJ L > (n > > ZbA a"'F- -6 a E y i a1C E C L a o I c o Z rra a) Ev a' N LU_0 v > W c � °p Ln � toO L u t _ U ri v O v 00 I, r" a1 d0 � o o O O O ra " lzz O t Q O N Q O N � N 00 m O -0 aJ O n O a1 rr rro n ro ra —i ^ m :0 C NL W bD QJ i v N 0A L -C i U u O O O O O O O O } -1 00 ON O N O O LM u VLn � Ln � W rZa f0 N U LU L � O i a CD c v CD cc LL 0 v ri lD � O , r -I N t0 GJ 0 Ln Lrl G1 r -I N aIQ m N LA CU 4' 3 M N m m N O U W LT N Q � N Mm 00W H V of M Lr) r -I U') .—I CD c v CD cc LL 0 v ri lD � O , ri N t0 GJ 0 Ln Lrl ` m N aIQ m N O CU 4' 41 I� N m m N O Z W LT N CA m rr CD c v CD cc LL 0 v ri lD � O , ri N t0 00 Lr) Lrl ` m m N m m Ln CU 4' O ON dA m O Z W LT N CA 00 rr Mm 00W m V of M Lr) r -I U') .—I CD c v CD cc LL 0 v ri lD � O , O N t0 I� Lr) Lrl ` m m N m m N N ON Mm r-I I:Z rl m -1 W cl N N 00 rr Mm 00W LOn s V of M Lr) r -I U') .—I CO o LO� OM 0000 N ZtN I� Lr) Lrl ` m m U N I N o ON Mm r-I I:Z rl 17 It a- I Y N Lr) 00 rr o0 O LOn s Q of M Lr) r -I U') .—I CO o N N CO 00 O N -O m O' Lrl I� ro c v ULU L N rI rI m L v > > LULr) a"'F- -6 y i a1C C L W Z rra a) Z t N LU_0 W c m Ln � toO m N ri m-1 00 I, r" 0 � o o O O N lz: rl lzz M N � N 00 m O n O r -I0 rr rro n M N —i ^ m :0 LO� OM 0000 N ZtN I� Lr) Lrl ` m m U N I o ON � rm-I 00 It 't N v N Lr) 00 rr o0 O LOn s Q of —A N Lr) r -I U') .—I m Ln .M... II 0 2 Q M 0 Ln N rIj O ro a a U N I o >_ °1 1 L Q +- v x S LL v a 7 x c ULU L 3 L O > > LULr) a"'F- -6 y i a1C C L W Z rra a) Z t N LU_0 W c (10 0 � o o w z" II 0 2 Q M 0 Ln N rIj O ro a CD 10 O O O O O O N N I� M Cl) O Z O o N W O i W Z W W O " N W 2 V m a o m c Y N V v LL o�a� O Z� L LPI 3 O 00 Ol 41 00 00 00 rl ~ -1 O e'I u _aa� a) > aJ IZT IT TT CD 10 O O O O O O N N I� M Cl) O 41 O o N LPI O i a1 W 00 o0 00 m W C N N C � fD � N O O M 00 LPI 3 O 00 Ol 41 00 00 00 rl c -1 O e'I > s N a) > aJ IZT IT TT 00 00 .Z' LPI O ++ E Ln r -i n O c L Ln Ln Ln Ln E .--I PVm a Q N O L U S � o s m Q O c � C: +, c � v � U � O O O L O O O co Ln m VM M LM r45 c Ql f0 N U LN L > O i a CD 10 O O O O O O N N I� M a1 Cl) O 41 O o N LPI O i Ln 61 W 00 o0 00 m W C N N N N O O M 00 LPI 3 O 00 Ol 41 00 00 00 rl 00 n -1 O e'I > s N LPI f6 3 IZT IT TT 00 00 Lr LPI O ++ N 3 N Ln r -i n r,�, n Ln Ln Ln Ln Lf) .--I PVm N m Q N N m a1 Cl) O 41 O N N LPI O i Ln 61 W 00 o0 00 m W C N 0) O 00 Ol M M Lr i � > N O 00 Ol 41 00 00 00 rl 00 n -1 O e'I > s a1 LPI f6 3 IZT IT TT 00 00 Lr LPI Y 0 N 3 N Ln r -i n r,�, n Ln Ln Ln Ln Lf) .--I PVm -0 Q N 49 =5 c N N > v w CD cc z v w s> v O nf Q X LU tin In C: w V) C6 z w Q a 0 w a1 F L c a, a X aJ 3 � c 0)aj s � c 4, aj Z II 0 2 M O Ln N O m O N N N N O i w N m 0000 oo0 m 0000 r, C C 0) O 00 Ol M M Lr i 4 O lD l0 -1 1-1 Ln NdQ � m rml Lr LLr Lr 47 ; N m N n ri LP) Lf) =5 c N N > v w CD cc z v w s> v O nf Q X LU tin In C: w V) C6 z w Q a 0 w a1 F L c a, a X aJ 3 � c 0)aj s � c 4, aj Z II 0 2 M O Ln N O m O 00 00 w N m 0000 oo0 m 0000 r, C C M 00 i r�I i =5 c N N > v w CD cc z v w s> v O nf Q X LU tin In C: w V) C6 z w Q a 0 w a1 F L c a, a X aJ 3 � c 0)aj s � c 4, aj Z II 0 2 M O Ln N O m z 0 W LU] Z LLI F W 2 2 Q) � LLJ 2 Y V E LL 0 Z Q ) k � Q Q u f ) C: _0 % 0 2 \ ° 2 Q) m m a g ) ) C: _0 In 2 0 2 % > / > » u = / m > / $ a § = f % E E 0 = 2 / _ / E = 2 ® m = 2 > _®7 \ _ ® » § a » aj a » Q 2 k a 2§ @ k . ¥ g »2®F2 § p . ¥ �2 _ & \ \ » \ E \ k ® e \ = 2 e = (u t W 8 5® t$ v® QJ M p E \ } / p \ u / 2 / C J \ C / 3 & k 0 0 / / k LM § 00 G w w w �g�� N 2 m » a @ r r § \ /en � � � M � 3 3 7 7 7 2 / / m m o § Ln / , E p ƒ w ' � w a > " ■ @ - - 7 7 a c Lm & & J a , $ $ Q @ ¢ \ U % k � N m a) � � ■ \ \ \ \ a m \ ■ 0) 4 c w w a w ce N%� 2 2 $ g Q\ C-4 -1 -1 � N M \ m \ \ \ \ / \ L Ln % w w 3 3 \ $ $ g G $ C / / ƒ ƒ a 2 � m � \ aj ( LAk 7 ( k k RLU\ a 2! E 2 \ g aj _ } \ Qai LU > + t \ o b k / a, ao ro CL 0) aJ 7 a) t U O CL Ln � N EO N � O > M L � s M u CAM L` O V 0 0 0 0 0 0 0 0 0 0 0 a000000000 0 0 0 0 0 0 0 0 O O O O O O O O O o 00 0 0 0 0 0 0 0 0 O Ln 5 Ln � � M O N O rr—I O u1 Ln 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O oLr� oU� oU� oU� oU� o Lr) �t �t M M N N r—I r—I 0 0 U m_ U 0 L U U o V � V � i o E 4� Q+, (10 E N 0 > N U C U 4A @I a, ao ro CL 0) aJ 7 a1 t U @I ............................................................................................................................................................................. o 0 0 0 0 0 0 0 w o 0 0 Y / 0 0 0 O O Q r O O 00 W Om r r Ln 0 rn O O O f� O CO P.-� v Cfl N 00 O O O M O 4 � II Ll'1 II N N M M N Ln N to WN a a cn in LL,0 �d o 0 0 i 0 o O o 0 0 0 V ++ o1 O 0 O 0 O 0 O O O r Oo O O o f` Nt } a v O O O r O r CO r r E 6L N V -+ 6L M a m V 0 = W 0 ) a' ) a' 0000000000 Lu O O O O t O N LO N m H w V r co r CO 0 0 0 0 0 0 0 0 0 0 rIt > a 0000000000 C o M E a Q O O M W I� l0 Ln -tl- M N r -I O @I w o 0 0 0 0 0 0 0 w o 0 0 0 0 0 O O O r O O 00 W Om r r O O O f� O CO P.-� Cfl O O O M O 4 M N N M M N a a cn in LL,0 0 0 0 0 0 0 o O o 0 0 0 V ++ o1 O 0 O 0 O 0 O O O r Oo O O o f` Nt r O N N O O O r r CO r r E 6L N -+ 6L M m 4-4LL aA 0 = W 0 Lu O O O O t O N LO N m H w V r co r CO m Z cvi rIt > a L C o M E a Q O C' � 2 ti O fl-rl- cn O W 4J m O N Cfl O O M N co 00 ECA O� � ~U Zm 0 N cn dA = c m <n U > LO c c —Jto CN c c �n U/}{ N (6 /V0 c co LCL i C4 m= ,max vi 8 CO) L U C ,��( W Q �W _ U �20_ C U m N U C 4) U U~ °d (6 C U Cl Z U CA Cn Q w a>> " C U L - i+ w a> C L O Q L to U C a� U) U) a� �� o0 @I