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HomeMy WebLinkAboutStaff Report 4.B(2) 02/06/2006CITY OF PETALUMA, CALIFORNIA 4.B (2) AGENDA BILL February 6, 2006 Agenda Title: Meeting Date: Fiscal Year 2005-06 Mid -year Budget Review February 6, 2006 Other Funds: Enterprise, Special Revenue, Internal Service, CIP (Projects) Funds and PCDC Department: Admin Services Cost of Pronosal: None Director: I Contact Person: Steven Carmichael I Steven Carmichael Phone Number: 778-4323 Account Number: N/A Amount Budgeted: Name of Fund: N/A Attachments to Agenda Packet Item: 1. Statement of Revenues & Expenditures (in Financial Statement format) for: a. Enterprise Funds b. Special Revenue Funds c. Internal Service Funds 2. Capital Improvement Program (CIP) Reconciliation 3. PCDC Summary Statement: The main focus of this report will be to provide an analysis and overview of the City's Mid -Year General Fund report through December 31, 2005 for all other funds (excluding the General Fund). This includes the following: Enterprise Funds (Airport, Ambulance, Marina, Transit, Wastewater, Water), Special Revenue Funds (includes Housing Elements and Impact Fees), Internal Service Funds (Employee Benefits, General Services, Information Technology, Risk Management, Vehicle Replacement and Worker's Compensation), Capital Improvement Projects and PCDC. This mid -year budget review is intended to provide the City Council with an update on the revenues and expenditures for all the other funds (excluding the general fiord which was summarized earlier). Council Prioritv: Recommended City Council Action/Suggested Motion: Council Review and Discussion. Approving Ordinance included in General Fund presentation. Reviewed by Adm Sery Dir.:, Reviewed by City Attornev: Anorovo by City Manager: Date:2''2,'a Date: �AIL�'/� Date: Todav's Date: Revision # and Date Revised: File Code: February 2, 2006 # S/agenda/mid-year budget review 2006 CITY OF PETALUMA, CALIFORNIA February 6,2006 AGENDA REPORT FOR MID -YEAR BUDGET REVIEW OTHER FUNDS AND CAPITAL IMPROVEMENT PROJECTS RECAP 1. EXECUTIVE SUMMARY: This report provides an overview of the Other Funds excluding the City's General Fund as of December 31, 2005. The mid -year budget review is intended to provide the City Council with an update on the revenues and expenditures for each fund for FY 2006. In addition, this report will provide a recap of all the capital improvement projects. The Capital Improvement Projects Budgets have been adjusted to reflect all budgeted appropriations through fiscal year 2005-06. 2. BACKGROUND: The City of Petaluma follows General Accepted Accounting rules for governmental accounting by the use and procedures of "Fund Accounting" method of accounting. This method separates various Fund groups and identifies them as Enterprise, Special Revenue, Internal Service Funds and PCDC. These funds are separate and distinct from the City's General Fund which is the major operating fund of the City. ENTERPRISE FUNDS: Enterprise Funds are Proprietary Funds that are treated as a business operation, collecting its own revenues and being charged for its own expenditures and capital improvements. • Airport Fund (6100) The City maintains a municipal airport that provides service for mainly small aircraft for pilots in and around Petaluma. Total budgeted revenues for FY 06 were projected to be $1,793,200. The expenditures were budgeted at $2,950,850 (including capital) with mid- year actual coming in at $3,451,845. The expenditures are over budget due to the FAA Capital Grant that is included in mid -year requests. A major portion of the expenditures is debt interest expense at $210,725 which is paid in the spring. There is a mid -year requests to increase the capital projects to put underground gas tanks above ground at a cost of $100,000. This is mandated by City Fire Marshall. • Ambulance Fund (6200) The City operates it own ambulance service. Total budgeted revenues for FY 2006 are projected to be $1,418,500 with mid year revenues at $813,363. The total budget is $2,452,150 with expenditures at 12/31/2005 of $1,408,950. • Marina Fund (6300) The City operates a public marina with 190 slips. The total budgeted revenues for FY 2006 are projected to be $193,400. At mid -year total revenues were at $104,104 or 54% of projections. Total expenditures are budgeted at $795,300. Actual expenditures at Z 1) mid -year are $469,510. This budget will continue to be exceeded each year as we accrue debt ($257,600) to the State for the original loan. • Transit Fund (6400) Total budget for FY 2006 is $2,046,900. Through 12/31/05, $789,160 has been spent. The revenue budget is $1,845,550 with $968,787 collected through 12/31/05 or 52%. • Waste Water Fund (6510) This fund is part of the Department of Water Resources and Conservation, which provides comprehensive and integrated management of Petaluma's water resources, including collection and treatment of wastewater. This fund is self -financed through charges for sewer, connection fees and interest earnings from residential, commercial and industrial users. Total budgeted expenses were $43,675,200 and actuals are $18,856,774. The vast majority ($38,236,000) goes towards the new Wastewater Treatment Plant. Total Net Assets at June 30, 2005 was $51,396,782 of which $6.1 million was unrestricted. • Water Fund (6520) This fund is part of the Department of Water Resources and Conservation, which provides comprehensive and integrated management of Petaluma's water resources, including reliable delivery of high quality water. The water utility fund is self -financed through user service charges for residential, commercial and industrial users. Total budgeted expenses were $13,852,350 with actuals of $6,689,530. The cost of water ($4.9 million) is the significant expense in this budget. Total Net Assets at June 30, 2005 was $28,864,340 with $3.3 million being unrestricted. The recommended increase in Proprietary Funds is $2,273,850. The majority of the requests are increases to capital projects, most of which you have previously approved but need to come back here in order to go in the budget ordinance. This includes $407,000 for Equipment Replacement, $564,000 is an increase of a grant the Council received and $800,000 Council approved increase appropriations (9/13/05) for Ellis Creek project. Special Revenue Funds are Non -Major Governmental Funds that have been identified for specific purposes. The City has a number of Special Revenues Funds. The larger of these funds are summarized with budget and actual information as follows: • Housing Low to Moderate Income Housing Fund (2130) This fund accounts for the Redevelopment Agency's 20% set-aside funds, as required by law of tax increment. The activity of this fund consists of supporting development of affordable housing and affordable housing programs in the community. Total FY 2006 budgeted revenues were projected to be $2,673,650. Of this amount, $2,610,300 was from the 20% set-aside tax increment. At mid -year we received $1,238,596 or 46% of budget projections. Total budgeted expenditures were projected to be $2,477,600 with actual expenditures at mid -year reported at $477,209 or 19% of budget projections. The largest expenditure comes from "program costs" which provides funding for affordable housing programs. 3 • Impact Fees • Community Facilities (22 10) The Community Facilities Impact Fee Fund was established to collect development fees from developments causing impacts on existing facilities or necessitating the construction of new community facilities. Total FY 2006 budgeted revenues were projected to be $272,000. At mid -year we have received $242,851 or 89% of budget expectations. • Public Facilities (2212) The Public Facilities Impact Fees Fund was established specifically to collect fees for capital improvements, expansions or remodeling of public facilities. Total budgeted revenues for FY 06 were projected to be $248,000. At mid -year we have received $41,158 or 41%of budget. • Storm Drainage (2230) Storm Drainage Impact Fees Fund revenue is budgeted at $1,114,000. Mid -year receipts are $101,200 or 9%. • Housing In -Lieu (2240) This fund accounts for the impact fees collected from developer's in -lieu of providing affordable housing. The proceeds of this fund provide housing assistance to low income individuals in the community. Total budgeted revenues for FY 06 was projected to be $2,600,000. At mid -year we have collected about $866,018 or 33% of budgeted projections. • Parkland Acquisition (2251) Total budgeted revenues for this fund are $2,610,484. Revenues at mid -year are $310,484 or 12%. • Traffic Mitigation (2270) This fund accounts for the impact fees collected from developers to mitigate the effects of the development being constructed. The fees would be used for improvements that are necessary to accommodate the traffic volumes generated by the new development. Budgeted revenues for FY 06 were projected to be $2,747,000. At mid -year actual collections are $1,030,676 or 37% of budget projections. • Street Maintenance (2630) The Street Maintenance Fund accounts for revenues received from the solid waste surcharge, imposed as part of the franchise fee on the waste hauler. This revenue, along with transfers from various other City funds, will be expended on street maintenance activities. Budgeted expenditures were set at $1,920,500 with actual expenditures at mid -year of $258,188 or 13% of budget. Additional work is scheduled for this spring that will increase the expenditure percentage closer to budget. • Street Reconstruction (2640) The Street Reconstruction Fund accounts for resources dedicated to street reconstruction and provides a centralized fund for street reconstruction. All of the expenditures are handled through transfers out to street projects. In past years, the revenues originated from various sources such as: Traffic Mitigation Fees, Wastewater Utility Fees, Water Utility Fees, and Community Development Agency Charges. All of the projects are handled through the City's Capital Improvement Program (CIP). Budgeted expenses were set at $1,201,800. The following projects are currently funded through this fund: Water Street/Turning Basin, Downtown Improvement, street reconstruction and CPSP Theater District. The cost details are accounted for in the City's Capital Project Funds. • Gas Tax (2410) The Gas Tax Fund reports receipts and disbursements of funds under Streets and Highways Code Section 2105, 2106, 2107, and 2107.5 of the State of California. Expenditures in this fund must be street related. Budgeted FY 06 revenues were projected to be $1,054,000 with mid -year actual receipts of $331,969 or 31% of budget projections. Transfers out (expenditures) equal revenue received. • Transient Occupancy (TOT) (2650) The Transient Occupancy Tax Fund reports the hotel and motel occupancy tax receipts, and the disbursements to local, non-profit groups, which sponsor community events, or promote tourism. The City's tax rate is 10% of room rentals under 30 days in duration. Total FY 06 Budgeted Revenues were projected to be $1,134,000. At mid -year we reported actual receipts of $658,681 or 58% of budget estimates. Last year, we were at 55% of TOT at mid year and only received 96% of total at 6-30-05. The recommended increase in Special Revenue Funds is $2,079,450. This is mostly made up of transfers to other funds of available impact fees. These include $600,000 of Gas Tax monies to Street Maintenance, receipt of $473,800 of grant monies transferred to Capital Projects and $834,000 of developer contributions accepted by Council on 9/12/05. INTERNAL SERVICE FUNDS: Internal Service Funds are funds set up to account for department or division units that provide services to other departments or divisions. Allocations are made to "charge back" based on "cost of services" used by each department of division. Due to the chargeback for services rendered, the revenues always equal the cost incurred in these funds. Fund balance at year end was $372,497, a reduction of $143,894 from previous year. • Employee Benefits (7100) Employee Benefit Fund accounts for City Employees' dental, unemployment and vision benefits and retirement benefits. These charges are directly allocated based on payroll allocations directly into the employee benefits fund. Budgeted revenues and expenses from the charges for FY 06 were projected to be $689,950. At mid -year, actual charges were $336,620 or 49% of budget projections. • General Services (7200) The General Services Fund accounts for purchasing, printing and mail services for all departments throughout the City. Budgeted revenues and expenditures (charges to departments) were projected to be $376,750. At mid -year the actual charges were reported at $140,431 or 37% of projections. S 5 • Information Technology (7300) The Information Technology Fund accounts for the cost of purchasing, operations and maintenance of the City's data processing, voice and other computer systems. Total budget revenues and expenditures for FY 06 were projected to be $1,182,400. Actual expenditures at mid -year reported at $655,848 or 55% of budget. Beginning fiord balance was $180,359. • Risk Management (7400) Risk Management Fund accounts for the accumulation of the resources and expenses related to the City's risk management activities and general insurance programs. Total revenues and expenditures were budgeted at $1,918,600 with mid -year actual reported at $805,329 or 42% of budget estimates. Fund balance was $1,979,281. • Vehicle/Equipment Replacement (7500) The Vehicle/Equipment Replacement Fund accounts for the accumulation of resources and related expenditures incurred for the replacement of major equipment and vehicles in the City. The budgeted expenditures for FY 06 were also set at $1,036,030. Beginning fund balance was $1,183,289. • Workers' Compensation (7600) Workers' Compensation Fund accounts for the accumulation of resources, and expenses related to funding workers' compensation benefits for City employees. Total budgeted revenues (charges through payroll) and expenses were projected to be $1,986,400. Actual charges at mid -year are reported at $759,120 or 38% of budget. Fund balance was ($883,927). It is anticipated that with the charges applied to all budgets during this year, this negative fund balance will be paid off. • CAPITAL IMPROVEMENT PROJECT FUNDS (CIP) The Capital Improvement Project Funds account for the collection or resources and the related expenditures on acquisition and construction of major capital improvements projects in the City. For reporting purposes, this report will include those capital projects that are normally reported in the Proprietary funds. The Capital Project Funds are categorized by functional areas as follows: 1. Public Transportation 2. PCDC Projects 3. Parks and Recreation 4. Flood and Surface Water 5. Water Utility 6. Wastewater Utility (.7 6 For Fiscal Year 2005-06 a total of $56,044 million dollars of projects were budgeted in the City's Capital Improvement Program (CIP). The details of budget compared to actual expenses at mid -year are summarized in the following chart: Public Transportation Communitity Facilities PCDC Parks Surface Water Water Utility Waste Water Budget Thru Expenses Transfers FY 05-06 Thru 12/31/05 Out 15,162,000 3,693,931 3,718,000 3,002,655 Total Exp Thru Balance % 12/31/2005 To Expense Expensed 3,693,931 11,468,069 24.36% 3,002,655 715,345 80.76% 43,534,000 32,883,898 67,000 32,950,898 10,583,102 75.69% 14,446,000 8,327,249 8,327,249 6,118,751 57.64% 3,998,000 1,867,954 1,867,954 2,130,046 46.72% 10,961,000 10,291,042 10,291,042 669,958 93.89% 57,032,000 30,258,393 30,258,393 26,773,607 53.06% 148,851,000 90,325,123 67,000 90,392,123 58,458,877 60.73% The net impact of changes to the CIP is $45,000. Most of what is being done are transfers from one project to another with no impact on overall funding. • PCDC/REDEVELOPMENT AGENCY The total budget for the Redevelopment Agency is $43,534,000. The remaining balance left to spend on capital projects is $10,583,102. Fund balance for the combined agency (PCDC and CBD) is $22.2 million, with $17.1 million reserved for capital projects. In this mid -year request is an increase of $2,769,600 to capital projects. Of this amount, $2,198,000 relates to Theater District transfers approved by Council on 9/12/05 3. ALTERNATIVES: N/A 4. FINANCIAL IMPACTS: If Council approves requests, the following financial impacts will result: Special Revenue Funds $2,079,450, PCDC $2,769,600, CIP $45,000 and Proprietary Funds $2,273,850. 5. CONCLUSION: Monitor the other funds categories especially those that affect the general fund such as Internal Service Funds, and Capital Project funds that relate to Intergovernmental revenue transfers to the general fund. 6. RECOMMENDATIONS: Approve an ordinance to formally record adjustments as approved by City Council. 7 Multi Year Budget to Actual rFund I B ud t I Budget Unit Title 0 05-06 UFY nit A A p B ugt dge9,150.001 6100 3296 AIRPORT OPERATIONS 683 647.591 3718,051.07 13297 (AIRPORT FUELING 1 450,120.63 1 412,698.451 463,200.001 13298 (AIRPORT HANGARS 1 515,417.04 1 369,764.45 1 26,500.001 13299 (AIRPORT CAPITAL PROJECTS 1 0.001 0.001 1,542,000.00 Report Total 1,649,185.26 1,153,513.97 2,950,850.00 Date: 2/2/06 FY 05-06 YTD -12-31 383,188.90 1 259,866.471 10,623.361 1 2,798,166.08 3,451,844.811 Fund Budget Budget Unit Title Unit 6200 5199 AMBULANCE Report Total Multi Year Budget to Actual FY 03-04 Actual 1,950,959.68 1,950,959.68 FY 04-05 Actual 2,211,477.62 2,211,477.62 /6) FY 05-06 Budget 2,452,150.00 2,452,150.00 Date: 2/2/06 FY 05-06 YTD -12-31 1,408,949.61 1,408,949.61 Fund Budget Budget Unit Title Unit S ,3397 TRANSIT CITY ROUTES 13398 IPARATRANSIT 13399 (TRANSIT CAPITAL PROJECT Multi Year Budget to Actual FY 03.04 FY 04-05 I Actual Actual 1] 905,072.67 1,006,793.96 Date: 212106 FY OS -O6 FY 05-06 Budget YTD -12-31 1,030,100.00 521,460.97' 431,054.691 409,004.48 I 406,800.001 267,029.87 0-001 om I 610,000.00 ( 668.851 1 1,336,127.36 1,416,798.44 2,046,900.00 789159.691 i r�{ r Date: 212106 Multi Year Budget to Actual Fund Budget Budget Unit Title FY 03-04 Actua FY 04-05 A5,828,220.50p FY 05-06 B8g712, FY 05.06 �D13,594,883.791j �2-31 'tual 6510 8200nit WASTE WATER ADMIN 5,536.878.14 150.00 18210 IWASTE WATER INDUSTRIAL ( 200,375.56 220,960.52 ( 256,700.00 ( 3 67,972.731 18220 IWWATER MAIN STORM DRAINS 221,791.771 466,689.141 709,650.00 257,868.271 1 18221 1WASTE WATER COLLECT SYS 1 427,388.07 i 653,008.851 2,019,800.00 337,382.881 1 18230 1WASTE WATER RECLAMATION i 1,192,413.54 975,419.80 947,450.001 504,411.691 18240 1WAST WATER CUST SERVICE ( 0.00' 0.001 107,450.00 1 9,879.751 1 I 1 18250 1CASA GRANDE LANDFILL 0.001 1,823.001 10,00090 0.001 i 18299 (WASTE WATER CAPITAL PROD 0.001 0.001 31,512,000.001 14,084,374.53 1 Report Total 7,578,847.08 8,146,121.81 43,675,200.00 18,856,773.641 r /3 Date, 2/2/06 Multi Year Budget to Actual FunBudget Unit Title FY 03-04 Fy 0'-06 Fy 6-06 t (WATER I A 480,213.30 4 A tual 6 I YTD012-31 65204 1800n ADMINt 3 3 581,549.67' 295,udget750.00 2, 42,775.35 18310 (WATER CONSERVATION 1 187,032.761 268,372.291 341,150.001 42,047.68 18320 (WATER CUSTOMER SERVICE 1 397,171.31 1 383,908.271 393,650.00 1 138,393.421 18330 1WATER LEAK DETECT/CR CONN 1 72,915.601 75,871.331 80,500.001 23,890.21 18340 1WATER PUMPING 1 21,544.131 21,088.981 16,700.00 1 7,983.661 18350 1WATER SOURCE OF SUPPLY 1 4,720,351.97 1 4,242,246.48 4,950,600.00 1 2,582,417.07 18360 1WATER TRANSMISSION/DISTRI 1 1,330,173.661 1,445,646.251 2,823,000.00( 797,211.75 18370 ISO MTN WATERSHED 1 50.001 4,518.591 3,000.001 0.001 18399 1WATER CAPITAL PROJECTS 0.00 0.00 1,948,000.00 1 954,810.83 ReportTotal 10,209,452.73 10,023,201.86 13,852,350.00 6,689,629.17 /3 Date: 272106. Multi Year Budget to Actual gel Budget Unit tIe A Ac 05-06 vd350,000.00 FY 05-06 ru 1,1,ludYTD-12-31 7100 0EE BENEFITS DNTALU 336,678.73 335,861.421 217,820.711 1 13311 (EE BENEFITS RETIREE ( 281,100.951 325,665.431 251,950,001 81,966.121 13312 JEE BENEFITS -UNEMPLOYMENT 17,154,001 8,60200 ( 12,000.001 8,786.001 1 3313 JEE BENEFITS -VISION 35,931.101 38,841.401 45,00000 ( 17,950.62 3314 JEE BENEFITS -OTHER 9,673.091 27,593771 31,000.tiol 10,096.551 f Report Total 680,537.87 736,W.02 689,950.00 336,620.001 I Date: 272706. Multi Year Budget to Actual Funddget Buni Budget Unit Title FY -04 FY 04-05 03 FY 05.06 FY 05-06 ,GEN Ac Acta BUd9105,800.00 {� YTD 12 339,128.99 7200 13320 SVC -MAIL SERVICES 83,032.671 3,936.65, 1 13321 IGEN SVC -PRINTING SVC ( 177,808.38 ( 185,696.79 162,500.00 I 57,674.26 1 (3322 r IGEN SVC -PURCHASING SVC ( 115.814.461 109,949.001 108,450.001 43,628.141 1 Report Total 376,655.53 379,582.44 376,750.00 140,431.391 i Fund Budget Budget Unit Title Unit 7300 3330 INFORMATION SERVICES Report Total Multi Year Budget to Actual FY 03-04 Actual 718,891.67 718,891.67 FY 04-05 Actual 842,905.61 842,905.61 Date: 2/2/06 FY 05-06 I FY 05-06 Budget YTD -12-31 1,182,400.00 655,847.99 1,182,400.00 655,847.99 Date: 2/2/06 Multi Year'Budget to Actual udge Budget Unit Title FY 03-04 tul tual 76004 133600t t'WORKERS COMP ADMIN I A 273 936.771 A 34-05 426,716.78, B 4606,4get 00.00 q YTD -1 2-31 341,200.86 13361 IWORKERS COMP BENEFITS Report Total 1, 362, 772.64 I 837, 078.89 I 1,636,709.41 1,263,795.67 17 1,380,000.00 1 417, 919.26 I 1,986,400.00 759,120.12 aeee000a00000000000000a0000a00000a C y N m m m � V m o o r m m m 1p O1 m O N m m m al V m V O m N O m N m V m m N M O O n m E= m' m r N N m v v m O m r o a m r m N r N m m m m m N o m m m v N o N m m C m m N m O n M N M M N V V m m N r m N m M t") V m N O m ty C2 N Cl m m r m m C N n Cl Rl m V N O m m m l(l r N m C] m N O m O m r' .- m V' [") N .- m N �- N M r N (V 1I1 r r E N m m m N o m m o N n m m N m m m m mN O V r v m m v m m m o m a m (n m m m o m m m v o N V Ol m N n m n m N o m r m N v N m m v v m N m V N V V m m v m m Cl N - m N M m m N n N N m m N V m m N V a N m N r to N m C6 r d V' Oi N m r C ip fid{ O � W Q r O Gl N m m m r m N m N N m N M m O m V m V 0 V m N (!l N O) V N m O m m m N N V m m r m N O V m m m m N M 0 N M m u r N n O m O m V m r dl �-- Mn N �- n n '- r m N O Ol V N n m m m V m m m 0 V Ol m n 1 N m m N O O m V N � N N n •- O Ol m � N �- N V r [V m l N W N V' I� N1: r r N r Ld 1: Ld 1 r O F- m O O N N N O N n O O Cl p O N Q 2 � m O O m m o o O r O V N m O m m m O n V O m m O O V m n; O O N m n o o m m O N V V m Cl V m O N m N r V O O m m m. 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