HomeMy WebLinkAboutStaff Report 3.B 06/06/2011r
s
W
Ig'58
DATE:
TO:
FROM:
SUBJECT:
,4pndcv Item # 3.3
June 6, 2011 .
Honorable Mayor and Members of the City Council through City Manager
Susan Mahoney, Interim Finance Director /City Treasurer
Resolution to Receive and File the City Treasurer's Report for the Period Ending
March 31, 2011
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution to Receive and File the
City Treasurer's Report dated March 31, 2011.
BACKGROUND
Pursuant to the Government Code, the City Council delegates the authority to invest or to
reinvest funds to the City Treasurer for a one -year period. The City Council approved the City
of Petaluma Investment Policy on May 27, 2010 which delegated investment authority to the
City Treasurer for the Fiscal Year 2010 -2011. The City Treasurer is required to provide a
quarterly investment report to the, Council that includes the status of the investment portfolio.
This is the third quarterly report for the Fiscal Year 2010 -2011.
DISCUSSION
It. is the policy of the City, of, Petaluma to manage public funds in a manner consistent with the
laws of the State of California pertaining to the investment of public funds; safeguard the
principal of funds under its control, meet the daily cash flow requirements and to achieve a
reasonable rate of return with the maximum security. The attached quarterly Treasurer's Report
contains information on the City's cash. activity and ending balances in all City accounts. The
report:
• Summarizes total beginning balances of all cash and investments, and total quarterly
activity and ending balances
• Provides quarterly' activity and ending balances in the City's cash equivalent accounts
and information about trustee account activities and ending balances
• P,.rovid6 information 'on investment. portfolio activity, security type, maturity and value,
and book and fair value
Agenda Review:
City Attorney Finance Director./ City Manager
® Compares the.City's quarterly investment earnings with, the City's benchmark
FINANCIAL IMPACTS
The required action is to receive and file the Treasurer's Report. There is not a financial impact.
ATTACHMENTS
1. Resolution to Receive and File the City Treasurer's Report dated March 31, 2011.
2. City Treasurer's Report Dated March 31, 2011
a
ATTACHMENT 1
RESOLUTION TO RECEIVE AND FILE THE CITY TREASURER'S REPORT DATED
MARCH 31, 2011
WHEREAS, the City Investment policy requires the City Treasurer to provide a quarterly
investment report to the Council for compliance with the adopted City Investment Policy.
NOW, THEREFORE BE IT RESOLVED that the City Council has received the report
dated March 31, 2011 and directs the City Clerk to file it.
3
City of Petaluma
s;
Quarterly Investment Report
4 January 1 2011 - March 31, 2011
,
ai�4^
V vX'M,
r�
This reporids presented in accordance with the City's investment policy and the California
Government Code:, The policy and Government Code requires the Treasurer to. certify
that sufficient cash flow is available for the next six months to meet the expected demand
or °provide an explanation as to why sufficient cash may.not be available. The attached
report outlines the current investments, weighted average and yields of pooled investments.
The rnonth end account statement of assets managed by Public Financial Management, LLC
" (PF1VI); the Vocal Agency Investment Funds (LAIF) quarterly statement, and the City's
performance summary of portfolio investments as compared to applicable benchmarks
are included. The report also includes the Treasurer's certification of adequate cash flow.
We respectfirlly submit the quarterly investment report for the'quarter ending March 31, 2011
e
CITY OF PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31, 2011 "
Cash activity for the: fiscal year:
Cash and Investments, Beginning of the quarter, 1/1/2011
Cash Receipts
Cash Disbursements
Cash and Investments, End of the Quarter, 3/31/2011
$ 96,110,999
80,358,916
(70,264,193)
$ 106,205,722
'Cash and'I'nvestu ent`_Portffol o' at March 31, 2011
Investments Managed by City Treasurer:
Assessment Districts Bonds
Local Agency Investment Funds (LA1F)
CAMP Pool (CA Asset Management Prog)
PFM Investments Securities **
Certificate of Deposits
Checking Accounts
Subtotal
Percent
Fair Market Par Value of
Value* (Cost) Portfolio
697,873
697,873
0.66%
33,777,967
33,778,023
31.80%
12,296,653
12,296,653
11.58%
24,135,957
24,240,716
22.82%
1,254,743
1,254,743
1.18%
1,803,320
1,803,320
1.70 %
73,966,513
74,071,328
69.74
Investments Managed by Fiscal Agents:
CAMP Debt Issue Accounts 18,705,689 18,705,689 17.61 %
Trustee Money Market Accounts 13,428,705 13,428,705 1.2.64%
Subtotal 32,134,394 32,134,394 30.26%
Total Cash aiid'Investinen'ts
106,100,907 10 6,205,722 100.00 0 %a
I certify that this report contains`the'total amounts of cash and investments at March 31, 2011
The.iiivestinerits are inconformity with the Investment Policy. A copy of the Investment Policy is
available for review in the Finance Department. The City Treasurer's cash. management program provides
sufficient l qu dityto meet expenditure requirements for the next six months.
Susan Mahoney, Interim Finan ctor
*Fair market values are furnished by the State of California, Local Agency Investment Fund and California Assel
Management Program.
** See detail attached
Checking Accounts:
CITY OF PETALUMA, CALIFORNIA
(261,736.16)
1,200.99
CITY TREASURER'S QUARTERLY
REPORT
19,048,257.32
(18,894,258.47)
1;778,100.31
For the quarter ending March 31,
2011
4,537,110.76
(4,461,068.75)
op
�� Y �� { 3., �y ,RNU.9
<<y ,.� � . ��
:t%�FA. .M... ,.`Sd'..51a r�-
.._ ..
/ +�a
Investments Managed by City Treasurer:
18;139.50
6.71
13,428,704.67
18,146.21
r Assessment District Bond (AD) 2000 -01
697,872.91
23,585,374.79
(23,355,327.22)
697,872.91
Sub -Total Assessment Districts Bond (AD) Accounts
697;872.91
-
(42,970,615.84)
697,872.91
LAIF
34,194,632.11
40,756.04
(500,000.00)
33,735,388.15
LAIF accrued interest
40,756.04
42,635.14
(40;756.04)
42;635.14
Sub -Total LAIF
34,235,388.15
83,391.18
(540,756.04)
33,778,023.29
CAMP Pool- Treasurer's Investment Money Marker
14,985,221.58
8,199,955.31
(10,888,523.85)
12,296,653.04
Sub -Total CAMP Pool Managed Account
14,985,221.58
8,199,955.31
(10,888,523.85)
12,296,653.04
Federal Agency Bonds /Discount. Notes
18,801,973.32
-
(8,008,576.95)
10
,. Fed Agency accrued interest
102,347.82
86,878.28
(122,952.62)
66,273.48
US Treasury Bonds/Notes
3,425,279.68
7,227,243.55
10,652,523.23
US Treasury accrued interest
5,419.78
33,799.43
(14,375.00)
24,764.21
US Gov. Support Corp Debt
599,442.00
836,006.40
1,435,448.40
US Gov. Support Corp Debt interest
1,191.67
33;972.82
(21,874.99)
13,289.50
Corporate Notes
1,249,187.50
-
1,249,187.50
Corporate Notes accrued interest
16,770.83
7
(18,229.17)
5,833.33
Sub -Total PFM Securities Managed' Account ** 24,201,612.60
8,225,112.15
(8,186,008.73)
24,240,716.02
Subtotal
74,120,095.24
16,508,458.64
(19,615,288.62)
71,013,265.26
Certificate of Deposits:
Circle Bank
248,706.27
497.91
249,204.18
Bank of Marin
1,000,000.00
1,000,000.00
Bank of Marin accrued interest
3,319.40
2,219.10
5,538.50
Sub -Total Certificate of Deposits
1,252,025.67
2,717.01
1,254,742.68
Checking Accounts:
261,736.03
(261,736.16)
1,200.99
Exchange - General Operating
1,624,101.46
19,048,257.32
(18,894,258.47)
1;778,100.31
Exchange- Payroll
(71,035.51)
4,537,110.76
(4,461,068.75)
5,006.50
Thomas. Lee Charity Trust
2,067.38
22,856,117.63
(20;591,869:80)
2,067.38
Police Trust
18;139.50
6.71
13,428,704.67
18,146.21
Sub -Total Checking Accounts
1,573,272.83
23,585,374.79
(23,355,327.22)
1,803,320.40
Total Cash and Investments Managed by the City Treasurer
76,945,393.74
40,096,550.44
(42,970,615.84)
74,071,328.34
.Investments Managed by Trustees Fiscal Agents:
CAMP -AD 23' 25 Accounts ,Money Market
CAMP -PFA 2002 ARR Accounts
i CAMP- 200 8 "'Waterlkev;2003 2007 TAB
Sub -Total CADIP- Debt lssue Accounts **
US Bank -ARR Accounts
US Bank First, American Treas
Wells Fargo Government Money Market
Union Bank Blackrock
Bank oENew York
Sub -Total Trustees Money Market Account
Total Cash and Investments Managed by Fiscal Agents
TOTAL CASH AND INVESTMENTS
** See detail attached
425 188.18 426,187.96
466,451.74 134.29 (466,586.03) -
18,271,951.48 8,071.16 (521.60) 18,279,501.04
19,164,403.00 8,393.63 (467,107.63) 18,705,689.00
0.13
261,736.03
(261,736.16)
1,200.99
11,492,429.38
(329,979.88)
11,163,650.49
0.67
5,642,887.92
(5,642,883:28)
5.31
0.40
800.64
801.04
-
22,856,117.63
(20;591,869:80)
2,264,247.83
1,202.19
40,253,971.60
(26,826,469.12)
13,428,704.67
19,165,605.19
40,262,365.23
(27,293,576.75)
32,134,393.67
96,110,998.93 80,358,915.67. (70,264,192.59) '106,205,722.01
Accrued interest (158,334.16)
General Ledger 106,047,387.85
O
~ N
r�
L
� M
N
c
vii N
N
r-1
O
O
v�
+�
�
U
M
_ o
tM
N
Fes/ pQ p
Q r N
a r M
M
M
� o
N N
7
N
i
~ N
r�
N
..y
O�
r
V �
O
Qj en
A
W r
L
U
tM
N
Fes/ pQ p
Q r N
a r M
M
M
� o
N N
7
N
i
PETALUMA, CALIFORNIA
CITY TREASURER'S QUARTERLY REPORT
For the quarter ending March 31, 2011
Cost vs. Fair Market Value
Cost . FV Gain /(Loss)
US Treasury Bond/Note 10,652,523.23 10,617,634.36 (34,888.87)
Federal Agency Bond /Discount Note 10,793,396.37 10,780,687.41 (12,708.,96)
US Gov Support Corp Debt 1,435,448.40 1,447,308.72 11,860:32
Corporate Note 1,249,187.50 1,290,326.25 41,138.75
Sub -Total PFM Treasurer's Invest. Securities
' 24,130,555.50 24,135,956.74 5
CAMP Pool Money Market Fund 12,296,653.04 12,296,653.04 -
Sub -Total CAMP Treasurer's Investments 36,427,208.54 36,432,609.78 5,401.24
Accrued Interest 110,160.52
CAMP Total Investment Managed Securities Held 36,542;770.30
CAMP Debt Issue Managed Accounts 18,705,689.00 18,705,689.00
PFM CAMP Total Treasurer's Investments ** 55,132,897.54 55,138;298.78 5,401:24
LAIF
LAIF amortized cost.rate
** See detail attached
33,735,388.15 33,777,967.44
1.00126215500
42,579.29
N Ln M
to -4
ol n
N. ri ri,.
7
' .0
Cl'
O O I?
N Ln —4
� t0 t0
M
V N
m
x
G
a+
r4
E
'
O
t0
.
L
'
of
N
N
V
N
A,
M:
i
d 0
Z
a
L
„M
co
P%
10
0) Uf
%D
o+
N
. E #�' 8)
N
m
M '
Ln
�
n
C
LL
a
�
L
C
O
a
o
U
U
F-
.� C)
O CD
d' V
i
O
O O
LL
N Ln M
to -4
ol n
N. ri ri,.
7
' .0
Cl'
O O I?
N Ln —4
� t0 t0
M
V N
m
x
G
a+
N �
E
Go
C
t0
.
L
7
of
N
V
N
A,
O
i
d 0
a
2�
„M
co
P%
m
0) Uf
%D
o+
N
. E #�' 8)
N
m
M '
Ln
�
n
M
N
7
(d
16 C F- >
Uf; 0- C
of ,�i, ca.
N
N
��
. U � � C1
.a �,-C
O a _ U'
v
a+
E
C
O
7
N
V
7
V
i
�
a
Y
�
m
0) Uf
.Q. N
o+
.t
. E #�' 8)
Nlj
m
'C
o
�
o
a
�
a
a
o
U
U
F-
.� C)
O CD
d' V
n M O n
O O
Q CO
O N M C0 0
Lr;
O O
M
O
M
Ln
Ln 01
. Ln
00 a .-�
C,
� ..Lf1 N N I�
n O�
.--i
N
Ln
t0.
M -4.4 O
O M .�-i
M •--� •�
N
rl
N
7
(d
16 C F- >
Uf; 0- C
of ,�i, ca.
N
N
��
. U � � C1
.a �,-C
O a _ U'
v
E
O
N
�
7
C,
�
Y
�
0) Uf
.Q. N
.t
. E #�' 8)
Nlj
a i
'C
n �D
N M
rl n
� N
N v
M
N
Ln
N
Aft-
W
E
O
7 C
> -0
N ro
L �
R C
C D
O Lm' CU U
N o
rn
C
O
aQ
9
ri IN
fq
LU
t ""
i
ru
E
Ln
m o
Q)
m
Ln CL
V
E,
CU
ro o
FL
I'a
-
2:
m
m
>
U
'0
O N
a Q)., =
a)
0
IM
U u
C
u
c
Q V)
V) -2
D1
cn
0
CL
Ln
m
LU
m
LU
.
FA
(a
> I'v m 0•
. E Q) CL E u
_0 c
C) ro
2 3: <
0 (U
to c)
to.
R '�!
m
()� "
M
CD Ln C) rl-�:
rq 0) Ln '
Ln * 0
1.0 tD M
co
m
(j
< =
0 0 0 0 c
cn cm u co a)
N
:c C -0
V) (n (A (A
-2 2 .2
6 w S 3' 0
if a. 0. .5
Co
Il
sem
10.
(U ,
m
>
v) V)
Zj Lo
' U ,., a)
t
IS !s - 5
x
',L.
m
Ca. fU :3 r
U n U
.
M
ca
O
CL a. u
Cl r -
CIR
LIM
Ln,
co
%CL cl�.
a�
1.0
Ae
C:
0
O.
V4
L9
con
ru
E
Ln
m o
Q)
cu
Ln CL
E,
CU
ro o
FL
I'a
-
2:
O o
rj C) C) C) Ln C) O.
O ��r L6 6 '6 Uj 6
O 0% N IN V-
Ln CID
M
M
N
IR
a) 1 111
E c
0 0
.2
t;
2! E
u a - 0 : - - "
Zu C 0 u cn
L
c
ru
2
7c CL 0 .E c
=3 a 0
41 S V u
a)
U
m o
V) a_ Ln z cc�
m CD. In a%
(=! q q M c! Lq c q U?
In
O r " , . r L Lr � k c� oc '
Ln c) -i V LO -4 tD -
Go I - ( ON - C) C) 4 =, Ck
In ;� V 00 CD 14 00
r- cr� 4A
'1
C � '
0? r`�. q q r O Lq
O L n 01 Co CD
cT r'� ID m ID Ln 10
rco 6� 6
I 1 00 1-4, V r-I m IN C)
C� v� a
Ln Ln m
IN
Ln
rlt
1.0
M
W
4&
Cu
Cu
C:
cu
.2
CU
CU
ro o
>.
cu ul
C�
-
2:
a)
m
>
U
'0
O N
a Q)., =
a)
0
=) 2 l
= cj �
U u
C
2
Q V)
V) -2
0-
O o
rj C) C) C) Ln C) O.
O ��r L6 6 '6 Uj 6
O 0% N IN V-
Ln CID
M
M
N
IR
a) 1 111
E c
0 0
.2
t;
2! E
u a - 0 : - - "
Zu C 0 u cn
L
c
ru
2
7c CL 0 .E c
=3 a 0
41 S V u
a)
U
m o
V) a_ Ln z cc�
m CD. In a%
(=! q q M c! Lq c q U?
In
O r " , . r L Lr � k c� oc '
Ln c) -i V LO -4 tD -
Go I - ( ON - C) C) 4 =, Ck
In ;� V 00 CD 14 00
r- cr� 4A
'1
C � '
0? r`�. q q r O Lq
O L n 01 Co CD
cT r'� ID m ID Ln 10
rco 6� 6
I 1 00 1-4, V r-I m IN C)
C� v� a
Ln Ln m
IN
Ln
rlt
1.0
M
W
4&
lo .1
0)
ro
Ln
0
u
CG
V)
cu
E
>.
Ln
A)
coll
a)
0
to a)� t
W
2
> W
0
Ln
m
LU
m
LU
Ln :
2
FA
(a
> I'v m 0•
. E Q) CL E u
_0 c
2 3: <
0 (U
co
to.
Q� 0)
' E V Z C: c
1 : - E
m
0 C: t-
0
O R
In
E 0' (D
m
(j
< =
0 0 0 0 c
cn cm u co a)
:c C -0
V) (n (A (A
-2 2 .2
6 w S 3' 0
if a. 0. .5
lo .1
0)
ro
Ln
0
u
CG
O
N
rl
M
s'
i
t0
L
o).
C_
0
C
uj
L
Y
• C
O
N
L
Y
' L
O
LL
o
z o
rn �
n°
co Ln
U M I N
I�
Y
0
f0
N i
O
'0
o
z �
Y
U-
o
0
O N
O
Y Z
01
t t
1 0, ':
N C
LL N 2:m
0-0
Y
f0
O
Q
L
o
U
Y
N
o
0
O N
O
Y Z
Z 'a
\ a
t t
Z fl
N C
0
0-0
\ ti
'OM
c 0
0, M
7
0
o
v v z
v
M >
Ln a-
m
N
i;
Li
O Fti
> >
U
O
r,V
O
0
J OR
i M
0)
N l!) M
O
I T
r,
N
p
'
^
O
N
L!) t0 un
'tt rl
!A V'
Q)
O
r
v - rn N
N r
e O
tt
O
co
1
06 o6 k6
O
O), CO; .N
� O)
,�
M
m t0. M
%0 •^
l0
O
tD
i V
O N m
1A
'�D ON
M
01
� i
t0 N
M.
N
(A
Oi ..-�
N.
`KI N
1C
O
i
Ln
An -
^
�
N
N
M
i C)
c, C) `OO
O
O o
p
O
O
O
p
i o
CD
C c
Lrl
in
c
O
'O �
.t0
p
rIj
o rIj
kD
N
N
O
V
� N
00
0
O
•i .-i
.--i O)
0)
O) N
N
i
v
.--1
N
N
M
Y
f0
O
Q
L
U
Y
Z Y
a t+
O
Y Z
Z 'a
\ a
j \
O D
In
N C
0
0 m
c 0
o
c
v v z
v
M >
m m
Q Q u
N. O
t
- ib
N
O �v Q
Li
O Fti
> >
ii U
m
O
C
Y
u v
G! :
Co U
10 N
C v 10
x Q
o
0 a
F- Q
i� IA
E
� H
>
M �,
ID y
C
o O
�Ln
0
c �
L
O
Y
Y
fO Im
L o m
10 O Q
O O ++
Y
r
w
b
v
M
M
N
N
L
O
F
ti
b
10
O ��
o
M
t
v
L
c �
L
Ql
C
U
C
W
. t
"CS^
O'
N
L
41
L
O
LL
C
u
d
a
OL
3 Of
O C
r .
I
N r� n O n M N
'N n N M O to N
N N Ln 6 O M 1
lV V' M to N Ln O to
M O M" CO N Nr m
N' kD
O, tD I, to N , M N fJ
LrY ' .6 N c ci% O N n
w N N O O N to il.
N LO N M r-1
U'
H Z �
� m O Ln
O z V
u .< L) L
J d
LL Y W
LU" "U .LL z I-
►� O a -j a Q
Q = g w ao f—
LL 0 O Q J Q w, J Z C! W
O.a
Y o- ,z.,w C) LL -
Z Z ,o 'Lu z U r
QQ w W Z
m V LL LL LL� U C� ::)
0
0
O
0
0
co
C6
N
N
M
Ln
M
O
H
0
l�
n
tV
(+1
v
0
0 0 0
o o V'
F
q R -Z -
W d
ko,
Lq '.
O
0 ,.
O
O
O
O
O,
Ln
O
n
O
N',
O,
et
O
A
Y'
n .
ul
0
o
v
V)
v.
,�
Cl
O
�;,
o
O
O
O
rl
N
°
N
.--�
ao
o
N
N
M
'rl
�D.
N
M
o
O
n
co
:-!
Cl
O
Ln
GO
co
Ln
lD
In
10
.-+
ri -
tD
.-a
Ln
al.
M
N
1�
to
N
co
rq
M
Il
tD
.r.
�D
�D
V :
OR
N
N
co
N
"D
al
m
'O'
n
^ -a
M
cq
O
r
al
O
O
LO
lD
O
N
n
O "
� :v N i,.
W s�� y
M
"n
Z� C=
Oi
N
SCI
0
to
C]
v
+
fl)
1�
p'
If 00
v`
Lq
N
> o
N
O _ �i.0
>- o
N
O+
O
N
LO
O
n
N'
r,
O
2
p
U) M
O
Ln M
� .,
Q om'
- -r
M_
Vl '��'l
a '\
0
0'
.l -QM
.
- Ln
.,
..
..
.,
o
O
of
A LL]
c
(n 1
(nn H
In F
• .3
f�
l�
to
in
Pl
o
Ui
M
O
m
CO
o
Ol
i L
00 -
v.
n.
co
ID
O
M
co
O
.i
Ln
O
co
ON
g o.
U
m
�o
O
'� U
O
� d
W R
d
45
t6 m
'� OI
Cf
a c
M
P =1
U.
� C1.
a
0
4J'
ap
N
d
�O
M
M
Qf
N
n
rl
n
ri
O
M
t0
�O
0
n
ei
N
OO
01.
Of
.M
1lf
N
�o
n
O
0
n.
N
;o
o.
0
° o
Ln
,W,
1C
rl
0
7
V
Y
H
9
Vf
N
M
Go I4
N O
N In
I M
tD O
th, CD
n M
OR
M
Ln. c
. OOo
� N
tp N
O N.
� n
O
M O
O O
O 7
N �D
Z O
0
rn �
Ln W
o
co
O'.
Co OO
O
Q Q
° o ° o
0 0
0 0 0 0
0 0
co
Q
O
O
co
O < 1
Ln O
n O
Q
o N
O o , o
C tN
-! rn V o
H.
0- Q O
M t O
LL (1 N
OO. H al
Z O W ° o
r-j m ¢ o
. .--� O
0 O
Y
W F Q
,r
N
1,,.
00
O
M
V-
4 1 ,
H A $
g
0 All
�o Pll�i
rl
0
W
Gi
O
N
M
N
a
0
O
a
ui
M
It
ri
0
O
0
0
O
N
el
b
H
a
3
Vl
1
♦O
I ,
M
Ln
0
O
Q
V
CCS
C~3
i.�
r
+ 3 �4
o' 0
C%
co
0
n
M
M
M
V)
N ',
N
O
O
O
O
O
O
O
rl
N.
•L l
N
.--�
N
al
1,
1n
'rl
�D.
'
M
M
n
co
:-!
Cl
O
Ln
GO
co
Ln
lD
In
10
.-+
ri -
tD
.-a
Ln
al.
M
N
1�
to
N
co
rq
M
Il
tD
.r.
�D
�D
V :
OR
N
N
co
N
"D
al
m
'O'
n
^ -a
M
cq
O
'O
al
al
O
LO
lD
I,
N
n
O "
Z
Z
Z� C=
Z. O�
O
Z O.
O
Z CD
O
Z C)
O
Z CD
Z rl
C
p'
ri
> o
> O
N
> . CD
>- o
N
> o
2' N
r o
N
> o
K N
>- (D
W N
O N
Go
ON
�...r
V) 'C1
2
p
U) M
O
Ln M
� .,
Q om'
- -r
M_
Vl '��'l
a '\
0
0'
.l -QM
.
- Ln
.,
..
..
.,
o
O
of
A LL]
c
(n 1
(nn H
In F
Ln p
N
Ln
O
.-•�
O
O
O
O
O
O
O
co
ON
O
M..
N
O
Ln
O
O
O
O
O
O
O
M
�O
M
M
Qf
N
n
rl
n
ri
O
M
t0
�O
0
n
ei
N
OO
01.
Of
.M
1lf
N
�o
n
O
0
n.
N
;o
o.
0
° o
Ln
,W,
1C
rl
0
7
V
Y
H
9
Vf
N
M
Go I4
N O
N In
I M
tD O
th, CD
n M
OR
M
Ln. c
. OOo
� N
tp N
O N.
� n
O
M O
O O
O 7
N �D
Z O
0
rn �
Ln W
o
co
O'.
Co OO
O
Q Q
° o ° o
0 0
0 0 0 0
0 0
co
Q
O
O
co
O < 1
Ln O
n O
Q
o N
O o , o
C tN
-! rn V o
H.
0- Q O
M t O
LL (1 N
OO. H al
Z O W ° o
r-j m ¢ o
. .--� O
0 O
Y
W F Q
,r
N
1,,.
00
O
M
V-
4 1 ,
H A $
g
0 All
�o Pll�i
rl
0
W
Gi
O
N
M
N
a
0
O
a
ui
M
It
ri
0
O
0
0
O
N
el
b
H
a
3
Vl
1
♦O
I ,
M
Ln
0
O
Q
V
CCS
C~3
i.�
r
+ 3 �4
o' 0
0
0
0
0 0
0
00
0
o
C), o
C) O
C! O
'co 'O
o.
o
o
I�
0
0
O
O
0
C.
O
n
0
0
O
om -+
0
0
O
M
o
o
- O
C
O
O O
CO
�/'f
tD
I�
N
n
O
N
.•+
0
.r
0
N
0
N
0
N
0
N
0
N
0
N
0
\
Ln
h '
rl
LL
w
Z'
Ln
Z
VV)
Z
z
a
o
d
n
a
O
co N, N
-co co
. .
N
00
ti
N,
'm
co
co
ti
N
co
ti
N
co
N
co
rq
N'
N
-
o+ a,
ON
m
Ol
a+
rn
rn
rn
�O
M
M
Qf
N
n
rl
n
ri
O
M
t0
�O
0
n
ei
N
OO
01.
Of
.M
1lf
N
�o
n
O
0
n.
N
;o
o.
0
° o
Ln
,W,
1C
rl
0
7
V
Y
H
9
Vf
N
M
Go I4
N O
N In
I M
tD O
th, CD
n M
OR
M
Ln. c
. OOo
� N
tp N
O N.
� n
O
M O
O O
O 7
N �D
Z O
0
rn �
Ln W
o
co
O'.
Co OO
O
Q Q
° o ° o
0 0
0 0 0 0
0 0
co
Q
O
O
co
O < 1
Ln O
n O
Q
o N
O o , o
C tN
-! rn V o
H.
0- Q O
M t O
LL (1 N
OO. H al
Z O W ° o
r-j m ¢ o
. .--� O
0 O
Y
W F Q
,r
N
1,,.
00
O
M
V-
4 1 ,
H A $
g
0 All
�o Pll�i
rl
0
W
Gi
O
N
M
N
a
0
O
a
ui
M
It
ri
0
O
0
0
O
N
el
b
H
a
3
Vl
1
♦O
I ,
M
Ln
0
O
Q
V
CCS
C~3
i.�
r
+ 3 �4
O
.•+
0
.r
0
N
0
N
0
N
0
N
0
N
0
N
0
\
Ln
h '
ti
O.�-�
.�-i
O
O
O
O
.-�
O
O
O
O
O
O
o
o
'o
'0
0
0
0
o
V) N
Vl 1�
CO
N Ln '
V) O
.. V1 Ln
(n N
In N
O
Ln n
M
Ln 1
(Yl
H �
O vl
Z
Z
Z� C=
Z. O�
O
Z O.
O
Z CD
O
Z C)
O
Z CD
Z rl
C
p'
). N
> o
> O
N
> . CD
>- o
N
> o
2' N
r o
N
> o
K N
>- (D
W N
O N
p'
�...r
V) 'C1
Ln M
— Ln
p
U) M
O
Ln M
� .,
Q om'
- -r
M_
Vl '��'l
a '\
1 p �n
W
.l -QM
W �
-
W, t—D
'0\O
A LL]
c
(n 1
(nn H
In F
Ln p
N
�O
M
M
Qf
N
n
rl
n
ri
O
M
t0
�O
0
n
ei
N
OO
01.
Of
.M
1lf
N
�o
n
O
0
n.
N
;o
o.
0
° o
Ln
,W,
1C
rl
0
7
V
Y
H
9
Vf
N
M
Go I4
N O
N In
I M
tD O
th, CD
n M
OR
M
Ln. c
. OOo
� N
tp N
O N.
� n
O
M O
O O
O 7
N �D
Z O
0
rn �
Ln W
o
co
O'.
Co OO
O
Q Q
° o ° o
0 0
0 0 0 0
0 0
co
Q
O
O
co
O < 1
Ln O
n O
Q
o N
O o , o
C tN
-! rn V o
H.
0- Q O
M t O
LL (1 N
OO. H al
Z O W ° o
r-j m ¢ o
. .--� O
0 O
Y
W F Q
,r
N
1,,.
00
O
M
V-
4 1 ,
H A $
g
0 All
�o Pll�i
rl
0
W
Gi
O
N
M
N
a
0
O
a
ui
M
It
ri
0
O
0
0
O
N
el
b
H
a
3
Vl
1
♦O
I ,
M
Ln
0
O
Q
V
CCS
C~3
i.�
r
+ 3 �4
T'I
0
N
rl
M
s
i
R
cn
C
W
C
O
t
O
LL
W-1
2
V
vI
W
O
C
O
O
V
C1
m
C
m
�]
Ln
V'
00
01
rn
9
ti
N
co
Ch
0%
0
.a
v4
� 0 O
+
M
N
O
N
rD..
n'
O
N ' ++
po
O
0
o
CA
O U
rn
o
E
o
0
a
~
rl
� 0 O
d �
4)
� 0
C
f �
o+
O
.-r
N
.-r
O
O
.
O
d
a :c
+
M
N
O
N
rD..
n'
O
Of O
U
D
�'
0
o
CA
1n
lLn
O
O'
t0' . .'
V'
ti
.-1
d �
4)
� 0
C
f �
o+
O
.-r
N
.-r
O
O
.
O
d
a :c
+
M
N
O
N
rD..
n'
O
0
0
0
L
a`
Cl
°
° o
1n
lLn
O
Ln
t0' . .'
V'
ti
W 1D
1-4
0
co
00
Ln
ID
U
'm
G,
L
10
C �
0 C
+' O
. a
N O
lti �
D y
CL p
m 10
7 �
O
N
C)
O
4
O
0
O.'O
Z o
U O
D
a i
3
12
a
�O
O,
In
N
M
N
O
N
rD..
n'
O
O O
',--i:
`;.4
N
O.
1n
"�`
O
t0' . .'
V'
7
W 1D
co
ID
m
Oi.
N
ll'1,
O.
N.
01. �
N•
N
i
n,,.
v -
-.?
0
"rr
co
01 ..
in C�.
N
00
t0 - In
O M
No
rn
o
O
rn
o...':
o
o
�o'' : '
Ln
co m
'.O.'
i
M
N
Ln
N,
-
.-•�
.-r
ti ,;:,.�:. .-•r
co
00.
N
n
01
N'
to
r4
N
47 L 4
11
t 0
-+
t�0
N
�.-
co
CD
00�
�N'
•--�
N
. •--1 .
O
O.
rl
O
O
r H
to
O
Oil.
O
'O
0�,
r/'1
In
N
In,
O
.�D S,
M�.
M
L
In
CR
Ln
00
O
O.:
Ln
to
O
O
O :
O
Ln
G71S1
07
CD
01
Q•
O.
O
O
O
.N.,
O
. O ';
N'.'
N
N
O.•,
n
N
� M
H - O
t0"
m'
to
o
ra
ro.
r0
o
(0
m
ra
ro
r0..
ra
ra
ro
(a (a
ra ra
o'
o
0
o
0
0
0,.
0
o
0.
0
o
0
0 0
0 0
Ci
o,
o
o
O
C;
O
o
o'
c:: 0
o
vi
r,
Ln
o
Ln
C)
Ln
o
o
o i' .
o
o
0 0
o r ,:::. Ln .
X
(O�
J
In
r
N
K
N
M
I�
t
M
N
C• �p
W CJ
r oo
F
E
a
>
o.
00
a U
W
t�
M
M
M
rn
In
M
M
o
01
M
M
x
M
M
M
m
m
M
M
o
T
M
M
n
M
M
r�
M
M
O n
M M
M:' M
O
N
O
N
O
N
O
N
O
N
O
N
O
N
O O
N_. N
\
r\
N
O n
Z .--1
M
N
r-j
N
01
O'
U)
N
r4
N
O Ln
Z N
N" to
N: �
N
, r`i.
Ln
n
6 O
Ln
�:(n'
'a
Ln
O
rn
O
Ln
W ({1L�
00 O
rn
Z
Lu
D_r to
'N
: 0 .., Ln
rn,' N
N
t\
ri
0
Ln CD
O
N
F-
W
Z .-r
O
W In
Q' .--1
Z .--r
0
O
0
J .--r
o
. Z..-•I
o
� 7
r�
o :�.;.:, Z .r
Zo' o
0)
m 0
Co ,
O
Z01
O.
M 0
.. .-r
ti
J .y'..
a O
J p
a 'O
O'. a 0
f J O
m C
--L O
m�
M
--r O:
mC'
01
J O
m�
%0
O
N
01
O
W�
F rn
CO r4
00
CO C
rl
co �C
O ul J C
N
O
C
O
J O\,
O J
O. O`
O
J
L7
J
L.7 O
J:
L7 O
'
U)
O.
(� .--1.
Z:, n
2 rh
O
.�
. V -tn
U 0•
L7 6. V M
.O
a P - +
Z r
a "�
Z �,
m •P-r
S r
m O'
S
a
Z
,O'
S r
( O�
S r
a P O: P O
Z
S r
.A LL
LL
LL O
LL
LL
LL D
LL 0
LL
LL LL 0
41
c
%0
N
n
�o
Of
a
M
01
0
t+i
O1
Ln
Or
eo
M
n
N
�O
M
�D
O
N
n
C1
Of
tD
C1
0
0
0
O
0
N
N
01
0
H
7
1/f
T
O1
fo
d
O
O
M
LA
c
0
u
Q
IN
V
i.+
i.d
h+'t
■ # c G.
i
ri Z N
m H
C Q N
m
O C O
O
D 0. o
0
d U 0v o0
Q \ �
CL 41
M
W O.
O
�.: J `
AU r
V 0 C
� W C)
U Z A
LU
V1 C7 D
1
.{0
M'
O
O�
rl
M
O
N
�O
01
N
rl
M
M
M
M
c
Ln
N
{A
M
O
L i
n
O
01
a
N
0
0
O
O
O
O
N
N
-1
0
7
� o
n
M
rl Ln
O l0
m N
N N
N
N, C '
a+ o
v r,
o `�°
O N
co
O. N
Ln '
N
N O
a%
N
0
i
O
N .
rl
o
Ln
M
M to
QD �
O N
N ev
of —
N
K
Z
0 0 o'
o in
O �'
O �
a.
O N
co
O1 N
N
5
F
a
3
N
C
y 7
V
Q
01 0
Im 0 -
m d
m
1
O
OAT,
M
t0
ko
0\
N
N
O
Ln
t0
t0
o+
N
N
O
O
O
O
M
Ln
�o
t0
CA
N
N
�i
a
0
M
Ln
t0
�O
O1
N
N
a�
0
7
d
V �
c �
i
C
O
n n�
c L,
N n
N O
In
AFI-
M
%0
C,
n
t0
m
ri
M
Ol
n
0
0
O
N
Ln
M
%0
%0
a
n
N
N
n
M
v
0
M
N
t0
�O
n
N
n
M
fA
F7
M
Vf Q
o+
et
O
M
O
ri
M
vi
v
f�0
U
-o
C _O
d v
E
N �
N
C Y
j
, N
U_
H O
Ln
IC;
M
f6
M
�
Q
C
o
a
C O
`a
+
p
?
O U'i
ro)
N
L
O
�
3 i
cn
a
U Y
`ri
00
„ate
lT
r
Ln
,1
14
rvi
f0
D
'�
C N
V '
co
a�
N
u
2
• L
4! y
o
• �.
,�
co
co
rw
4)
o
•, v
R
L
rl,
O
�
N
m
Q
V
c
°
G1
=;'H
`
a
o
o
m
m ,0
Ln
. W
N
of
W
f .
U4.
U
M
ri Z N
m H
C Q N
m
O C O
O
D 0. o
0
d U 0v o0
Q \ �
CL 41
M
W O.
O
�.: J `
AU r
V 0 C
� W C)
U Z A
LU
V1 C7 D
1
.{0
M'
O
O�
rl
M
O
N
�O
01
N
rl
M
M
M
M
c
Ln
N
{A
M
O
L i
n
O
01
a
N
0
0
O
O
O
O
N
N
-1
0
7
� o
n
M
rl Ln
O l0
m N
N N
N
N, C '
a+ o
v r,
o `�°
O N
co
O. N
Ln '
N
N O
a%
N
0
i
O
N .
rl
o
Ln
M
M to
QD �
O N
N ev
of —
N
K
Z
0 0 o'
o in
O �'
O �
a.
O N
co
O1 N
N
5
F
a
3
N
C
y 7
V
Q
01 0
Im 0 -
m d
m
1
O
OAT,
M
t0
ko
0\
N
N
O
Ln
t0
t0
o+
N
N
O
O
O
O
M
Ln
�o
t0
CA
N
N
�i
a
0
M
Ln
t0
�O
O1
N
N
a�
0
7
d
V �
c �
i
C
O
n n�
c L,
N n
N O
In
AFI-
M
%0
C,
n
t0
m
ri
M
Ol
n
0
0
O
N
Ln
M
%0
%0
a
n
N
N
n
M
v
0
M
N
t0
�O
n
N
n
M
fA
F7
M
Vf Q
o+
et
O
M
O
ri
M
vi
v
f�0
U
-o
C _O
d v
E
N �
N
C Y
j
, N
U_
H O
ei
LU
v
0
LL
4j 10
Vi
0
F7
N
Ic,
co
M
."A'
O
r4
N
O
m
Ln
(n
M
"T".
Ln
O
C4
't
0
U
U
rq
M
a*
CD
Ln
C)
C)
C)
CD
C)
CD
fN
C)
en
cn
m
— ko
cn
M
Ln
Ln
— �D
co
-4.%.
cli
ui
C6
• Ln"
oe
8
o
0
0
F,4
to
r), N
(n Ln
V) CD
c:�
cl
(n to
r'�
V) L*j
C14
�! 'O
'
Ln " Ln
[2 '
Ln Ln
r rl
_
U . ) In
r,
�2
v4
0 - ,4
TI,
00
z cn��,
0. C:)
�z C:)
0 C)
z C�
a)
0 CD
z
0
z
b
Z '
Z1 :
Ln
, C�l
>- CD
N
. r�4
>- c:>
ry fV
>- C)
C2 N
—
>- C)
02 r-4
>- a)
w N
>- C).
W
>• Cl
cc: !Z�
Ln
- Ln
C�
5
! C�n z
V)
V)
Gn
V)
�CD
CD
Ln
IS
c
— fj
C)
C)
ui
to
ui
Cl
c1
c5l
cn
m
co
N '- . .
ti
C�3
Ln
a'
o
C)
CD
%0
r)
CD
C>
Ln
rl�
ui
a;
m
Ln
Ln
T-q
r�
oc�
zr J�
cq.
Ln
C Q
Ln
1��
r4
m
CN!
N
Ol
(71
CD
CD
C>
ul
ui
u
u
u
<
UJ.L
ui
Z
Co
co
co:
Co
CD
C)
CD
C)
cn-
CD
C>
C:" L
C=)
g
C)
0,
p
Lo
C)
Lr)
C)
IT
C!
0(1 ,
C)
Ln
r-
M
r!
14
COi:1.
a,
ID
ui
tn
Ln
Ln
Ln
Lj- -
z
Z
co
N
co
r4
co
11
CO
co
co
00
00
-_ '
00
00
'm
co
00
w
03
00
N
Ol
m
(71
m
cy+
0
F7
N
Ic,
co
Ln
(U
n� • I
. 01,
01
M
0—
o.
M
ooi
0
U
U
rq
M
a*
Ln
C)
C)
C)
C.
C)
CD
fN
C)
en
cn
m
— ko
cn
M
Ln
Ln
— �D
co
CD
0
0
o
oe
8
o
0
0
F,4
to
r), N
(n Ln
V) CD
c:�
cl
(n to
r'�
V) L*j
C14
�! 'O
'
Ln " Ln
[2 '
Ln Ln
r rl
_
U . ) In
r,
�2
v4
0 - ,4
& ID,
= �-Ml
z cn��,
0. C:)
�z C:)
0 C)
z C�
a)
0 CD
z
0
z
b
Z '
Z1 :
CD
, C�l
>- CD
N
. r�4
>- c:>
ry fV
>- C)
C2 N
—
>- C)
02 r-4
>- a)
w N
>- C).
W
>• Cl
cc: !Z�
Ln
- Ln
C�
5
! C�n z
V)
V)
Gn
V)
�CD
CD
IS
IS
c
C)
C)
0
F7
N
Ic,
co
N
%0
c q.
rl
p
co
0
U .
'a) CD
!S
CD
�CD C>
'D co;
On O
Ln t0:
r�
lu
0 c, CD
Z r-j
–j — CD ti
'co
o c "I
C ?
0. \°
Ln CD
CO
C� CD
z CD uj, C)
z
o
Z ,
LU
2e a
c;
O
0
®'
Ln
(U
n� • I
. 01,
01
M
0—
o.
M
ooi
0
U
U
rq
a*
N
%0
c q.
rl
p
co
0
U .
'a) CD
!S
CD
�CD C>
'D co;
On O
Ln t0:
r�
lu
0 c, CD
Z r-j
–j — CD ti
'co
o c "I
C ?
0. \°
Ln CD
CO
C� CD
z CD uj, C)
z
o
Z ,
LU
2e a
c;
O
0
®'
:.
Tq
M' Q
N
M
' I
•`
c
U1 {fl.
O
L
co
•-=��'
N
01
N
Ul
F
1D
00
rA ,
X 00
l�'
C a
O
.•-�.
,.
N
0
M
0
ui
.--I
. i,
o
0
C
o
O
U`
Bo
n
41
1 C)
0�0
r^
O
:--�
L
O
� .
LL
' I
•`
c
U1 {fl.
O
O
co
•-=��'
N
01
N
Ul
M
1D
1D
00
rA ,
X 00
l�'
O-
O
.•-�.
N
0
N
0
M
0
M
C,
.--I
. i,
o
0
0-
o
a
U`
Bo
n
O
1 C)
0�0
r^
O
:--�
O
� .
q
M
ID
O
O
O
O
N
to
to
O
N
n
01
O
O
',`
O
O
Cl
O
10
f-I
r-t
-i
M
U•1
CO
.' Q?-
y
N O
N
m_O
0
0
0
0
o
V7
N
M -!
CO
N
1p
LQ
I
M
O
o
O
0
O
0
O
0
O
0
O
�o
O
O
O
J
0
V7
�
O.
CR
01
.-t
.-a
00
O
01
N
�
�
co
N
� �
� .
�
W U
"�
p
r\'
r,
�
-
rl
00
0.
CS
- 4 ,
o
_
d./
....I
•'1
!I
M
r�
07
Ul
N
lD
00
Ln.
lD
01
O
'. i
Q °.
U M
°
M
O
m
Co,
N
.~..
M
rl
,LL
LL 0
LL
U-
LL D
LL in
LL D
LL D
LL
LL O'
LL
J
A
0
0
t0. U
CJ C
c O
I
co
co
' N
U.
r
ti
.N-
�
.O
O
O
C.
01
O
V'
01
m
U :�
M,
m I
N
y
4).
LE Z
M
Ln . Ln
Go
Q1
ID
m3
V'
LL
C!
W
Opp p
a
U`
Bo
C.
a o
C)
L' O
tD
d co
M
to
VI M,,
v
id
10
C �
O C
a o,
'� =
H '0.
OA V
V
m
a
1 . '7O „
N
' N
U.
�
C0 C.
.N-
�
.O
�.. O., .
1.. n,
01
O
V'
01
d'
Id
M,
00
-Ir .
N
y
M
01
M
Ln . Ln
Go
Q1
ID
T'
V'
N
LQ
N
N
° o,
1 . '7O „
N
' N
U.
�
C0 C.
.N-
�
.O
O
1 ti
Ln
N
00
Lf)
U•1
- O
ON
00
ko
S
N
Go
Q1
ID
T'
V'
N
LQ
N
N
° o,
'U7
n
O
1 C)
0�0
r^
O
:--�
O
� .
q
M
ID
O
O
O
O
N
to
to
O
N
n
01
O
O
0i
M
Ln
N
o
On
0
ul
0
O
0
fV
0
0
O!
0
O
1
~
"N
= n
U w O
F
N O
N
m_O
w N
w N
01
a
'O
0
' o
V7
N
M -!
CO
N
1p
LQ
C)
M
O
o
O
0
O
0
O
0
O
0
O
�o
O
O
O
N
(
Q U
I g g J
t1
Q V
•
H
M'
M
Ln
M
rl.
O1
M
ro
M
M
M
M
,01
M
t\
M
p
ON
M
.,
n
"M
�
IIVkH ICI
I
I
J
n
t0
M
O
Go
v
01
co
co
i0
N
n
i0
01
0
O
O
0
O
N:
Ln
a
y
1
d
7
h
a
Z
on
w
=
K
Q
K
Q
U,
LL
LL-
Q
2:
J
w
2
u
P
w
2
~
Q
w
U
a
- O
o
m
m
O
O
o
o'''`
m
O
N
° o,
° o
° o
° o
° o
°' O
CO
° o
CO Cp
o
O
O
O
O
O
O
O
O
O
O
O
O
'O
...0
O
O
O
O
O
O
O
O
0i
M
Ln
N
o
On
0
ul
0
O
0
fV
0
0
O!
0
O
~
"N
= n
U w O
F
N O
N
m_O
w N
w N
L,
N
0
' o
I
O
'
O .�
01
Z
o
O
Z ti
O
U V
n
O=
Z O
Z ti
O
�Zi'YO-
I
T
J O
O
t!1
N Z
Ln
.�v}j.
(
Q U
I g g J
t1
Q V
•
H
M'
M
Ln
M
rl.
O1
M
ro
M
M
M
M
,01
M
t\
M
n
M
ON
M
.,
n
"M
�
M
M
M
m
M
M
M
M
M
M
M
IIVkH ICI
I
I
J
n
t0
M
O
Go
v
01
co
co
i0
N
n
i0
01
0
O
O
0
O
N:
Ln
a
y
1
d
7
h
a
i .
N
N
N
M
co
- O
O
O
O
O
O
O
O
O
N
O
N
N
'"
O L 1
Z . -�
M
N_
co
N
O_
l 1
N
n
"N
O i
Z N
N
Ln
O
! N.
~
"N
= n
U w O
F
N O
N
m_O
w N
w N
L,
N
0
' o
(A
O
W Ln
O .�
01
Z
o
O
Z ti
O
U V
n
O=
Z O
Z ti
O
�Zi'YO-
T
J O
m
Z
° N
N
N
Q ° ry
N
'.0 O
H
ED N
m M
m
m
N'O
w
Ln
m
a
m
n
CO t i
co
�Y
�
IO .-�
J
O N
O
O .r
J,
r O
O
.O N
'�
Z
(7
4.7 O
�.
J\
C7_
' O
O
a
Y C7.�
°
C7 --
Q
l7 0
Q '"
(�'
2 r,
°
u1
Q °
U ut
°
U rn
°
Q °.
U M
°
m
Co,
m'
,LL
LL 0
LL
U-
LL D
LL in
LL D
LL D
LL
LL O'
LL
IIVkH ICI
I
I
J
n
t0
M
O
Go
v
01
co
co
i0
N
n
i0
01
0
O
O
0
O
N:
Ln
a
y
1
d
7
h
a
ri
ei
ei
I
aN
ei
t0
O
n
O
+
O
M
ri
r.j
d'
N
N'
M
r j
0
0
O
Ln
O
O
N
ei
b
O
H
N
H,
u
iV:
N• .
N
N
O
I I i
I
O C)
I 40
N ,o,
O
O O..
N
a0 .I I U•
t0
N O
O
� I
it
n
IF Ln I,. 'mi
t0
M (71
N I y^j
Ilfl •
N i
O
11 , F!WIMV
f
I .
O ems.
o l i o
O �
t0
C) "
O1 N
0
F
A I
N
3
Q
Df 0
CL
.1 • p, ,
O.
O
O
O
O
O
O 1
O
a
O
C"
N
t0
tG
01
N
N
14
a
o•
M
N
�D
t0
Ch
N
N
rl
F
d
3
N
Y
10
C
O
1
N '
Ln
O
O
Ln
N
N
N
O
O
i0
�O
N
M
of
N
O
O
n n a
co C t�0
N P O
N O M
M �i
IA rl. �O
C" M
40)- 4
a
0
M
N
O
tp
n
N
r.
M
vi
N
U
ro
Ol
C_
a)
F 0
3
d
y
a;
( o
(U
£ �
v)
C 4I
U
' O
N
vi
M
t
V
L
►]
C
W
C
O
QJ
4 .
O
tl
r I , iO
J ar
C7 O
U
N O
Q
J
� y
N O
U
O .
d
V
Q
�o
a
v
a
d
a
tI
L'
;.-i:..
ko
rr,
v
to
p
C y
O
C
rr
O
C
C)
O
i
N O
r\ to
00
.--� Q•
W
M
r-4
O
ID
O
M
00
O
O
LQ
Ui
0
o
Ln
O
M
00
00
v
co
`O O
.LO
r
O..O
Z
o
Z O
z O.
.-..
0 . N
N
of \:
a' N
O in A
In
.mo
�
=)
(n.io
U'1
lA
00
�
Q' \ N
y W
I p
q
OR
O
O Ln
to
LO
Q
LO 0
'tn
G o
Ln.
O
_;
D n
r,
CN
M
ON
� ICI
ID
h
ON
uj
O
C
0l
O
O
O
O
w
(n N
Q I0'
}�. In
r 1�
O
�
O�
„O
O
O
O
Q
O
N
D
M
O
co
y
0 0
kO
Ln
mO
n
O O
.i
�.
CO N
a+
O N
to
� ¢Q
(yJ M
,0 O
10
O
�
to
O^
O
O
N
C)
Ln
a.
ti
o0
�
O
L
`
�
N
O
O
O
O
O
O'
O
O
O
O`
O
O
O
O
O
O
Ln
Ln
Ln
Ul
O
d
^
^
N
O
N,
'4
n
to
to
^
N
M
N
�.
N
N.
co
'�."
- N
N.
N
.'
rl ,
O
O%
'O�
Oh
01
d
V
Q
�o
a
v
a
d
a
tI
L'
;.-i:..
M M
O
N
O
-
O
C y
O
C
rr
O
C
C)
O
i
N O
r\ to
00
.--� Q•
W
M
r-4
O
ID
O
1.0
O
00
O
O
o
o
. '
o
Ln
Ln
Vl N
(n ^
M
(n N'
tO
N N
IO
O
(n ^
W M
�' �..�
`O O
:� O
O
O..O
Z
xZ O
Z O
z O.
0 . N
N
of \:
a' N
O in A
In
.mo
�
=)
(n.io
U) M
(Q� M
Ln (�'1
M
Q' \ N
y W
I p
O
LO
U1 O'
O
O Ln
to
LO
Q
LO 0
'tn
G o
Ln.
O
_;
D n
r,
10
Ln
.�
ON
� ICI
ID
h
ON
uj
M
M
0l
O
O
O
O
O
(n N
Q I0'
}�. In
r 1�
O
�
O�
„O
O
O
O
Q
O
N
D
M
O
O,
0 0
0 0
J �
O
II m 0
(n
O O
.i
�.
m a l 5il�l
MMUV l
N
M M
O
n
O
-
O
M
Ln
O O
i
N O
r\ to
00
.--� Q•
W
M
r-4
t\
n
^
M
n
I
,In
.r
tO
M
n
M
Ln
v
ti.
I
O
M M
to
V',
'O
to
-I
M
O?
O O
i
N O
r\ to
00
.--� Q•
�,
O
i M
i
„
p
V',
'O
to
-I
M
00
,i
to m
W
N
W
M
r-4
t\
n
^
M
n
I
,In
.r
tO
M
n
M
M
ti.
M
M_
M
7 4
M
M'
I
M
�
I
G
p
C
I
O
� �.
tD
N
O
O
'6
en
N
Ln
N
O
�{.
I
1
C"
O
0%
to
^
M
N
0�
Ln.
O
_;
D n
r,
10
Ln
.�
ON
� ICI
ID
h
ON
uj
M
M
0l
N
N
^
CD
In O
O
(n N
Q I0'
}�. In
r 1�
O
�
O�
„O
O
O
O
O
O
!o
0
.o
Oo
00
0 0
0 0
J �
O
II m 0
(n
O O
.i
�.
CO N
a+
O N
to
� ¢Q
(yJ M
,0 O
10
O
�
to
O^
O
O
to
Ln
a.
ti
o0
Ln
N
o
o
I
m -
r
00
Q.
z ~
>
N
!�
X
W
0.-
a
ON
a O
a O
a 0
ON
LL
iN
Lu
cn
,^ M y
f�•1
M
M_
a
N
M
M'
M
M
co
O.
V'
O'
N
00
O
N
O
N
O
N
O
N
O
N
IO
O.
Ln
N
N
O O
MN
C"
O
o
N
Z N
p
in
Ln.
O
O
O
V O
co
ID
h
ON
uj
M
M
0l
N
N
^
CD
In O
O
(n N
Q I0'
}�. In
r 1�
In
W fV
to
W rV
(UJ O
- In
m
UJ Ln
,Z
.=
' O
0
J O
Z O
0
z C
J
J �
O
II m 0
(n
O O
.i
m
m
CO N
a+
O N
to
� ¢Q
(yJ M
,0 O
10
J
u Di
U
O
�
O
J
U
o
o
o'
m -
r
2: pO
=
Q.
z ~
a O
z F
O
!�
v
D O
H.' 'I
LL 0
F-
a 0
a O
a O
a 0
LL
LL
Lu
w
CL
(A °.:..
a
N
M
O.
V'
to ::'
00
n
m
M
^
O
Wit..
C {
IO
co
'O
M
Cl
M
Cl
M
M
O
O
C"
O
o
to
,O
O
in
Ln.
^
v
o
a
co
ID
h
ON
i
M
M
0l
N
O%
^
,--i
t
v
` O
I"
' O
O'
O
O
O
94
V4
N
rn
a
o'
O
14
M
in
C
0
O
Q
r�
�..b
(U
\v
i-+
N
0 :
LL
LL
Lu
w
CL
(A °.:..
a
N
M
O.
V'
to ::'
00
n
m
M
^
O
Wit..
M
o
to
o.
O
in
Ln.
^
v
o
a
co
ID
10
N
V
M
M
0l
N
O%
^
,--i
v
94
V4
N
rn
a
o'
O
14
M
in
C
0
O
Q
r�
�..b
(U
\v
i-+
N
O
0
kO
W
Ln
N
N
co N
V
o i
Q+
N
ti
o
C
• N
`f0,
�
N
G .
V
z'
L
v a
:C
.
co
c C
C
.
• w
Ime, d
O
Ln
u �
NI
�.
N L:
Ol
'a a'
O
0
kO
W
Ln
N
N
co N
V
o i
Q+
N
ti
+o
�o
O
N
M
n
ri
M
�O
N
n
01
O.,
O
M
V
t0
01
N
t0
O'
N
N
O
M
L M
N �
rl
M '
a
O
'O
0
0
O
vi
O
a
7
ul
0 .
a
F -
C
C
.2
F-
qt
n
1
�o.
.-i
�D
O
N
M
n
'1
n
t0
n
�Y
rl
N
O"
.-1
co
N
Ll i
,M
M
v
Pt
N
I
N
wl
w
a
7
C
u
V
Q
C/
Of
10
C
10
G�
1
a
n
ri
0
�o
%0
iPr
O
N
M
n
�i
�O
n
'i
N
O
N
O
N
lf1
tD
d'
M
M
tR•
n
N
'i
t0
L
ii
v
Vl
N
u
Ol
N C
C
O
A
ul m
C
O
F-
2
{a
E
N
_
H m
co
�
N
G .
V
z'
N
Q� A
.
co
C
.
O
Ln
u �
NI
�.
ii tip
'a a'
�E
'I
° o
0
Ln
N
Cn
w
.
a
..�
x
x
M
W"
U,
o
C
N
co
{W/
0�
.\
�ta.��
• C,
N CD,
I�
�
Z r+•
m O
;g�r,(#��
N
• m
J
C
o
�E
`
+o
�o
O
N
M
n
ri
M
�O
N
n
01
O.,
O
M
V
t0
01
N
t0
O'
N
N
O
M
L M
N �
rl
M '
a
O
'O
0
0
O
vi
O
a
7
ul
0 .
a
F -
C
C
.2
F-
qt
n
1
�o.
.-i
�D
O
N
M
n
'1
n
t0
n
�Y
rl
N
O"
.-1
co
N
Ll i
,M
M
v
Pt
N
I
N
wl
w
a
7
C
u
V
Q
C/
Of
10
C
10
G�
1
a
n
ri
0
�o
%0
iPr
O
N
M
n
�i
�O
n
'i
N
O
N
O
N
lf1
tD
d'
M
M
tR•
n
N
'i
t0
L
ii
v
Vl
N
u
Ol
N C
C
O
A
ul m
C
O
F-
2
{a
E
N
_
H m
0
Fo
a+ _
C 0
0
O
y
Q C
L
f0 L'
0 w
a O
L_ V
O •L
L a
m
c'
a�
E .
4J C
V
d
dl
(0
L'
H
Ln Ln O M N Ln O O C) O Ln m Ln m V' r o% 'O t!]', in
N, N
Cl f , ..
,j W Co N V' N CO O
N L 00 N N L!1 .-� �. � w m O n p :• - C) N m O V' 01 M 01 to
to O , N N Ln tD O M C (D O m O M O CO l Lr N
1� f� Ol Ol Ol 1- O 0� V O V• CO m tD . + ' : O V" (n N
1 O CO O O O M - N U ko O N Ol O N -. n- N co O] c
�D N I� n O O• tD -4 �,-� O O
'^ N. N m N• N N N N CO L(` t0 t0 tD tD O N N- Ln Ln N N
0, (V N 'N N fV N N N N M M M M M M 'N M
!" 1 r - 4 ri �--1 r i-i • i-4 --4 rl .rl �--1 m � ri .--1 r rt H T
O V' O tp O M M to O O O Lfl O O ^ V . M N — U) O
�O O Cl P'1 Ln (n CO tD N r tD 1� O 'IT' (\ N tD N O M O
O . t0 Ln "' M co O O n (D N .-t V" t0 O -i - V' IT M -q-
C) N d' O :-1 M N .--( tD tD .=-1 'tD CO - Lo I O tD t0 t0
O Ln 7 C( (" tD M ,--t M. .-( al 7 M M U1 LI1 (7 0� M W M
C) N V'. co N, ,. M al O al M m W V' M
.CD O O v Ln Cl O N -4 'V' M �
CO I� v Ln n � tD n O N N
`i 4 N
o, o o O o Cl 0 0 0 0 0 0 0 0 'o' O O 0 o O' o
O O O O. O O O O O O O O O O O O O O O O O
r-1 .-� ,•� .-1 rl -1 . ri .-1 .--1 .-a .--1 rl r-1 r•I -1 1-1 -4 ,••( .-�
.-a
M
C
O
C
O
E
ro
� 0
O Y Y Y L
co V u u c
0 a " i ao'i 0 0 0 : � E o
Q) _ m J N N N O lb CT
Y Y Y +� v N ro ro ro U)'
O O N V1 N . C7 C7 C7 Ln (n
O O O 6-0 O O O O O O O O O . NO y� a
p_ O O 0 10 O O O O O O O O ZO O O 0 Y
E a s C n o a o
(D 0 0 O O 0 0 O 0 0 0 0 O O
n a 3 =3 n C n n C_ a C. C_ a ru fo C_ C_ c v
o io ip ro io io ' p io r6 m 0 7 6 :2 is iO fO C O
16 7 7 > . '> 7 7 7 T 7 7 7 7 7 > > 7 7 > C
v v �0 v :2 a v 72 3 72 v 'v 0 a
U > > c ` c > > > > > > > > > c > > c a
Q o " v `0 a a _0 _0 - a 'a 0 L) -' 0) c c c C_
o o o o 0 0o o au
�'d t v 0- a v V V in Ln v v Ln t a a Ln 'N O fl- N
E ro ro E E E E ro ro to E >
N v u v v u u u v u u u v a) u o a) v
v v -
> > > > > > > a) a) 0 v O
n a n a! a C. a a a C C C a Ce a! a C. f-
-4 _q -4 H -4 .-1 -4 -4 -4 .-4 .-4 .--4 rt -4 . . 1-1 , i ( -4 1-1 1-1
'O O O tD tD . tD t0 t0 O tD t0 1.0 tD tD I" n N n N
O .=�, .••I .•-1 r-1 i . r .--1 .-� rl r N r1 ;--� r-1 .ti . . •--� •. ri
M M M M CD M M M M M M M M M M M M M M M M
O, O O O O O O O O Cl O O Co O O O O O O O O
d
V
C
f0
m .--1 .--1. .-1 .--1 i--1 .--1 .--1 ,-•1 ra e-1 rl • .--1 -4 -4 .-t 'A
O1 M O O O O t0 10 t tD D %.0 t0 tD t�D 1 .0 %D r� n n N n
C O ,--1. .r1' .� . ri .--( .--1 r-1. .--1 .� rl r .� . . .--1 •ri .••� r1
�C M M M m M m M M M M M M M M M M ,M M M M
C)
O ..0 O O O O O O O O O O O O O O O O O O O
0 1.
N
M
s
L
m
x
cn
C: _
C
W
J-
4--t
c
C O
G
t
C O L .
0
Fo
a+ _
C 0
0
O
y
Q C
L
f0 L'
0 w
a O
L_ V
O •L
L a
m
c'
a�
E .
4J C
V
d
dl
(0
L'
H
Ln Ln O M N Ln O O C) O Ln m Ln m V' r o% 'O t!]', in
N, N
Cl f , ..
,j W Co N V' N CO O
N L 00 N N L!1 .-� �. � w m O n p :• - C) N m O V' 01 M 01 to
to O , N N Ln tD O M C (D O m O M O CO l Lr N
1� f� Ol Ol Ol 1- O 0� V O V• CO m tD . + ' : O V" (n N
1 O CO O O O M - N U ko O N Ol O N -. n- N co O] c
�D N I� n O O• tD -4 �,-� O O
'^ N. N m N• N N N N CO L(` t0 t0 tD tD O N N- Ln Ln N N
0, (V N 'N N fV N N N N M M M M M M 'N M
!" 1 r - 4 ri �--1 r i-i • i-4 --4 rl .rl �--1 m � ri .--1 r rt H T
O V' O tp O M M to O O O Lfl O O ^ V . M N — U) O
�O O Cl P'1 Ln (n CO tD N r tD 1� O 'IT' (\ N tD N O M O
O . t0 Ln "' M co O O n (D N .-t V" t0 O -i - V' IT M -q-
C) N d' O :-1 M N .--( tD tD .=-1 'tD CO - Lo I O tD t0 t0
O Ln 7 C( (" tD M ,--t M. .-( al 7 M M U1 LI1 (7 0� M W M
C) N V'. co N, ,. M al O al M m W V' M
.CD O O v Ln Cl O N -4 'V' M �
CO I� v Ln n � tD n O N N
`i 4 N
o, o o O o Cl 0 0 0 0 0 0 0 0 'o' O O 0 o O' o
O O O O. O O O O O O O O O O O O O O O O O
r-1 .-� ,•� .-1 rl -1 . ri .-1 .--1 .-a .--1 rl r-1 r•I -1 1-1 -4 ,••( .-�
.-a
M
C
O
C
O
E
ro
� 0
O Y Y Y L
co V u u c
0 a " i ao'i 0 0 0 : � E o
Q) _ m J N N N O lb CT
Y Y Y +� v N ro ro ro U)'
O O N V1 N . C7 C7 C7 Ln (n
O O O 6-0 O O O O O O O O O . NO y� a
p_ O O 0 10 O O O O O O O O ZO O O 0 Y
E a s C n o a o
(D 0 0 O O 0 0 O 0 0 0 0 O O
n a 3 =3 n C n n C_ a C. C_ a ru fo C_ C_ c v
o io ip ro io io ' p io r6 m 0 7 6 :2 is iO fO C O
16 7 7 > . '> 7 7 7 T 7 7 7 7 7 > > 7 7 > C
v v �0 v :2 a v 72 3 72 v 'v 0 a
U > > c ` c > > > > > > > > > c > > c a
Q o " v `0 a a _0 _0 - a 'a 0 L) -' 0) c c c C_
o o o o 0 0o o au
�'d t v 0- a v V V in Ln v v Ln t a a Ln 'N O fl- N
E ro ro E E E E ro ro to E >
N v u v v u u u v u u u v a) u o a) v
v v -
> > > > > > > a) a) 0 v O
n a n a! a C. a a a C C C a Ce a! a C. f-
-4 _q -4 H -4 .-1 -4 -4 -4 .-4 .-4 .--4 rt -4 . . 1-1 , i ( -4 1-1 1-1
'O O O tD tD . tD t0 t0 O tD t0 1.0 tD tD I" n N n N
O .=�, .••I .•-1 r-1 i . r .--1 .-� rl r N r1 ;--� r-1 .ti . . •--� •. ri
M M M M CD M M M M M M M M M M M M M M M M
O, O O O O O O O O Cl O O Co O O O O O O O O
d
V
C
f0
m .--1 .--1. .-1 .--1 i--1 .--1 .--1 ,-•1 ra e-1 rl • .--1 -4 -4 .-t 'A
O1 M O O O O t0 10 t tD D %.0 t0 tD t�D 1 .0 %D r� n n N n
C O ,--1. .r1' .� . ri .--( .--1 r-1. .--1 .� rl r .� . . .--1 •ri .••� r1
�C M M M m M m M M M M M M M M M M ,M M M M
C)
O ..0 O O O O O O O O O O O O O O O O O O O
0 1.
ri
o
o.
d
to
c
m c
i.
�
f
to
�
U '
rn
1.0
�r
N
rj
41
N
�.t
C' R C
C
F f0
, L C
O > O
'
U Q �
m L
00 n
1
R
ti' N O
N 00
c
N tp O
�S
. il k, 7
C : N p:
w 7
0 o
�
2�
cu
1, �.
yO-
N
�# O �'
�'
n
Li-
y
00
M
O
Oo
v, t0 L�
�.
'
LLm'
(U
O
r
of
V
`
d
�xY
L
I
3 i ar
�
(D
CD
.
Z C'
#
a
Y
a
'O
v
u d
to
c
m c
i.
�
f
to
�
U '
A C N
O
�r
m f D
41
tU � .
1 C
C' R C
C
F f0
, L C
O > O
'
U Q �
m L
00 n
1
R
ti' N O
N 00
c
N tp O
. il k, 7
C : N p:
rl
0 o
�
cu
1, �.
yO-
N
.��
(
M" d
�.
'
LLm'
(U
O
r
Irl
V
`
�-, ,nl
L
I
�
(D
CD
.
Y
I'
Q
i R
\
\
\
p
:Cl
O,
O 00
rl
to co p
lD •-
N M
N N
ri "y
O
'O
v
u d
to
c
m c
�
f
to
�
U '
A C N
O
m f D
41
tU � .
1 C
C' R C
C
F f0
, L C
O > O
'
U Q �
m L
00 n
1
R
ti' N O
N 00
c
N tp O
. il k, 7
C : N p:
i C7
0 o
O
kD
v
N n
u
'00
=
f
f� Oi
ko Ln
��
O M
M C L
V
C
r0
ao
m,
C
O
,U
Y
V
d
Z t
U
i
.0 t
X
W
v
t
m H
fa O 1
c m E
GI L t
O a ce c
o M
' O
Ln O
�O O
fT
N
N
1 � �
Ln Ln tb
tT
N
N
ei
d
u
=
f
R -
41
1 C
�
C
F f0
to
'
1
c
O
i C7
U
'Untitled' Page
Page 1 of l
JOHN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
PETALUMA
Account um V11 98 -49 -650
As of 04/15/2011, your. Local Agency'Investment Fund account;has been directly credited
with the interest earned on your deposits for the quarter ending 03/31/2011.
Agency Name
N b
Earnings Ratio .00001390282087521
Interest Rate 0.51%
Dollar Day Total $ 3,066,654,132.21
Quarter End Principal Balance $ 33,735,377.34
. Quarterly Interest Earned $ 42,635.14
hftp / /laif'sco.ca.gov/Resul'taspx A z l 5/1612011
Untitled Page
Agency Name
Account Number
P�
JOIN CHIANG
California State Controller
LOCAL AGENCY INVESTMENT FUND
REMITTANCE ADVICE
Page 1 of 1
PETALUMA COMMNTY DEVELOP COMMN
65 -49 -001
As of 04 /15/2011, your L,o'cat Agency Investment Fund account has been directly credited
with the interest earned. on your deposits for the quarter ending 03/31/2011.
Earnings Ratio .00001390282087521
Interest Rate 0.51%
Dollar Day Total $ 972.77
Quarter End Principal Balance $ 10.81
Quarterly InterestEarned $ .01
0
htip://Iaif.sco.ca.gov/R
r.. 5/16/2011
State, of California
Pooled " M"o"ney Investrn . ent Account
Market Valuation
31M /2011
W
�k.,.� #1"a #Q .�'��� �. ..�tiCi��.�. � ,ga �:. � _a , . Q�,1:QwE.N' c�' .,,���������{� a , ' `� ��i�r���i�Fri ���'.Q. fy�l
United States Treasury:
Bills
$ 25,427
25,469,896,416.39
$ 25
NA
Notes
$ - 7,600;585,503':27
$ 7,599,407,773.27
7;638,459
$ 18,430,902.50
Federal.Adbncy.
SBA
$ 542A09
542,403,518.22
541,0,19
$ 580,753.60
MBS-REMICs
$ 505,712,588J3
$ 505,712,588.13
$ 540
$ 2,393,771.01
Debentures
$ 1L,
j 377 j , 365 j 350M
$ 1
1,377
$ 2,540,482.25
Debentures FR
$ 200
$ 200,000
200
$ 68,600.00
Discount Notes
$ 8,676
$ 8,699,632,180.45
$ 8
NA
GNIVIA
$ 52,779:05
$ 52,779.05
, I
$ 53,M3.04
$ 521.59
IBRID Deb FR
$ 300;000,000'00
$ 300,000,000.00
$ 300,636,000.00
$ 294,872:58
CDs and YCDs FIR
$ 800
$ 800 ; 000 ; 000.00 OOO
$ 800, 00 0,0 00.00
$ 391,949.67
Bank Notes
$ 650iO0O;OOO 1 .
$ 650
$ 650,02
$ 216,666.67
CDs and YCDs
$ 5,875
$ 5
$ 5�'876,306
$ 2,207,24106
Commercial Paper
1 " . - I
$ 6j6351606,: : 94 1 0.2 1 8
$ 6,637,947;366:58
.$ 6;637,761;908.36
NA
Corporate:
Bonds FR
$
$ -
$
$
Bonds
$
$ -
$
$
Repurchase Agreements
$
$ -
$
$
Reverse Repurchase
$
$ -
$
Time"r6epos'its;
3,8
$ 3,803,640,000 0
$ 3
NA
AB 55,4, , GF1oans
5,983,610,35522
$ 5,983,610,355.22
$ 5,983,610:,
TOTAL
$ 68.378,074,085M
$ 68,443,692,313.25
$ 68,530,279,144.14
$ 27,125,76
Fair-Value Including Accrued Interest $ 68,557,404,907.07
Repurchase Agreements, Time beposifs, AR 55 & General. Fund loans, and
Reverse Repurchase. agreements are carried at portfolio book value (carrying cost).
The value of each participating dollar equals the fair value divided by the amortized cost (1.001262155).
As an',example: iben l ka'sianaccount balance of $20,000,000.00, then the agency would report its
participation in ; LAIF valued at $20,025,243.11 or $20,000,000.00 x 1.001262155.
1
,� S
dd
4 T ; ,
City of Petaluma Performance Summaries .
Notes:
1. Merrill Lynch Indices provided by Bloomberg Financial Markets.
2. CAMP Cash Reserve Pool holdings excluded from performance, yield and duration calculations.
3. Performance numbers are presented on an annualized basis.
4. Inception date is 12/31/01.
0