Loading...
HomeMy WebLinkAboutInvestment Reports - February 2013� CITY OF PALM DESERT FINANCE DEPARTMENT INTEROFFICE MEMORANDUM TO: FROM: DATE: SUBJECT RACHELLE KLASSEN, CITY CLERK NIAMH ORTEGA, RECORDING SECRETARY���� MARCH 26, 2013 COMPLIANCE ANALYSIS AND INVESTMENT REPORTS � Please find attached the Compliance Analysis and Investment Reports which were presented and approved at the recent meeting of the Audit, Investment and Finance Committee for the month of February 2013. Please include the report on the upcoming agenda for review and acceptance by City Council. Also included are the approved Minutes of the February 2013 meeting for acceptance by the City Councit. I have attached the attendance report in progress for 2013. Please feel free to contact me at Ext. 382 if you have any questions. Thank you. iTiS•� Attachment (as noted) ��IJC..�:�2'O� �" I`I /P� Xi��.cit�s-�i�i �v YQ� o�___=L-/� - :�Ur 3 ��.����:� �`�'�,�.!�.Zt�-��.. O�ri�inal on €'�� w��� t,;x�y� �ie�.�'s �:f�ace C1TY COUNCIL ACTI(�N APPROVF.D — �''�' ��Tn R[;CEIVEU'� �� (e t)THI;.R, MEETING DATE `�� ��� 3 AYF.S: �2�^.����"� ' NOI;S: 1•) r�/► - - ABSENT: .,L� � ��- AI3STAil�T: VERIF[ED BY: Original on File with City Clerk's ffice G:\FINANCE\NIAMH ORTEGA\INVESTMENT COMMITTEE\MEMOS\RKLASSENINVREPORT.WPD CITY PORTFOLIO CONCENTRATION LIMITS February 2013 Investments CALIFORNIA ASSET MANAGEMENT PROGRAM CITY LOAN TO RDA WF/L.A.I.F. BOND PROCEEDS FEDERAL AGENCY -- COUPON LOCAL AGENCY INVESTMENT FUND WELLS FARGO CORPORATE TRUST CORPORATE MEDIUM-TERM NOTES RIVERSIDE COUNTY TREASURER TOTAL BEFORE CASH PLUS: CASH GRAND TOTAL Book Value $ 5,148.00 13, 555.00 25,431.00 49,720.00 6,501.00 8, 690.00 88,224.00 $ 197,269.00 $ 4,071.00 $ 201,340.00 (1) % of Portfolio 2.56% 6.73% 12.63% 0.00% 24.69% 3.23% 4.32% 43.82% 97.98% 2.02% 100.00% FOOTNOTE: (1) In the City of Palm Desert Comqrehensive Annual Financial Report ("CAFR"), both the City of Palm Desert ("City") and the City's external auditor define total investments as demand deposits, investments in various instruments, and investments held in local government investment pools. The concentration percentages shown above were calculated based on that definition. A U j � �7 �W � '+f E', F� �� wU A� O� O � e •l�-, L O a Y al mj I-- W d �` � � e� � � � � N � � ��jN Q � O �,' LL � •0 i �' p � � � �> �a°" 0 Ua � y R a,-'a 7 :3 C � N > C �o�Oo � a`Oo o c�o n � N N N O OD I'1 � 0 0 0 0 0 0 0 0 � � � � N 00 � � N .- � .- '- � o� a� \° 0 (O OnD 0�0 N M V I� � O N <O � N Ci < � O O a� O 01 � R <O � N � � IV W O 'C ? N ^ � � aD � 01 a0 � . f� Oi � O� � � � � V � � (�O N � �o �� N Oi �D ro eD N N � CD ^ Of � N K7 f0 M CO m �[I O 61 V �O 1� N � � a�D � � N � r rn .- � v �n .- � � V' � � r N � � N d� � � � N � (O M OD O � O O> V <O O N N � � r 0�7 O � h O> .- � O e- n v o ao v � � C I� � <O N � � N 7 � � � � N � a � M M n o� � � N t0 ^ M N n Ol r � � � Z W � � `n Z w � � a w w � � � Z U � Fw�- � � � a z O p Z ¢ � o y, c� w � � O m w � W O C W Q � � � � O � �aa�no � Q� LL p w O? � U U� �� U� L 00 0 o �j O p � I� N �- i m � � 0 � � � � 0 � � M O a rn 10 N O a M 0 N � � O1 rn M � M O N � O QI t0 � � O M O N N C o � � � y UN � U � c �,a v Y T C y.0 N � '�O ly0 � V L a c V1 N .� U a � F-�� � U y Y � C � .N-• N c � a� > N a� � C C N � N� O — C a 7 � N c � f0 7 m N . N U .� a°� .. o � n EL N� � O C y O � c o- G1 y 7 N N N � �� � � d � � � N E� a� �a .L.. C O � '� �o � �o � U o ,M � � � 00 a�i > :�' � V O a��n o a: -�p M � _ -� � C C � � y � N C C � w o M > � v' .-i o x '� � �y o x � � � ���� o � a w � � M � a `° � m M V � M o o� E � � N � � C (n ^ O 7 � N N � .O •- p y y-: N a X O „�,a w�� �� t •- i '3�0 c c� c ,o y N � � y 7 � L V � g�� F- C .+ O �' ' �= U ,� u� o N b � � ~ V � p 7 d � lC � Q U OD O °' U � T a��+ N� L p N 0 � � N ~ � } d � j y i� N� � 'C � � � I> > � tw m U Q W F- o } O � F- Q � t+i U " � a > yO-. IC L K � a a � i a M 0 N � � M 0 N � � o O a Q � .` °�'. � � C o t' m O '0 a � c O.' C � d 01 « � R a � « �, � T U •- •- I � I � I � •- ( O A �% � f� 1� A t0 t0 (D t0 (O i0 �� .�- � e�- N N N N N N � O O I O O I O O I C O I O �Q � i� ' N � � I.I� � W G� �,, M W d � O °_ � � = N � � c O0 • � N o J c4 tA � a � •� a � �a D�o o� �� o� �` C � N� A L � U �i L � O a a �� �� > � Qa a a N � U � n � � O O v u� o iri � � O�i � P c��i n V .- vi ai � � � � W h M ^ N O lV n V h V � m � M n � O � � Uf � � � a o � J �q � � �w � W U O J J y � � A a a y a a Q � � c Q Q W � U U � � O a O `� � a Z � g � � W a 2 Q f H W � a � N U N N t0 O in a 01 O! rn o°'i � � � � � � O�i ONI rn rna � N iA N � � O�i W rno°'+ a N � M T � � � � N � � w N w � � d Q � a � O} Q ~ � N U � M a � N Q � a � O f- Z O J � � U v}i � N O � � m a�o _ � co � � u� wi N N f0 � a�o m M P'1 o a N N � � ro � ch M v v N N � o � Z � � � � � W N � � w > 2 � Z � W Q > Q U � � q J j� 0 a N � W � W o O ``' � N a c Z O m LL � ' o Q r�i J � LL � 3 � � O v a � d O O r r v v V R � ' O O r A � V � v N v V � N v � � � 0 N Oi � } NI F � � U j LL � I Q � Z J O � a LL � F- � Z w � o � � W � z } U Z W Q o J � Q � N U � I � � � Q M � � V � � O � j- a o i c � � g � � � �.- .- � �.- .- � � .- � � '- � � o a � a a O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O lc6Q ft0� flg0 l(0Q ((OQ I�CQ ll0� ll0Q Nf� ff0Q N!� �f6� tf0Q !�0q fry0 N(¢ lO /l0� Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q� Q � 1n O 01 O O O O� N O O M O N � � O N N O Ol O O O O � o� o 0 0 0�� o� o o n� ai o� �� 1� N aD N� � � O� aD (O (O lh l+i f� N �O O� 00 th � O> V (O c0 �D � O � O 01 O O O O O O O OD O O a O� N O 07 O O O O� N O O ch O h ��[f O N � o� o 0 0 o a� o�� o n� oi o� �� I� N 00 ��n � � W a0 � O�i � �(O � a�D � t0 h n � � � N O O) O O O O O O O OD O O.- < OO N N O O) O O O O� N O O M O� � u'J m o ri o 0 0 0�n o o�n �o o r ' ai o v� n N a°'o u`Oi � �°r rn o`�o t0 (O (� fh (`7 � f0 T aD � �� C t0 aD t0 � f0 N N N N N N N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N O O O O O O O O O O O O O i: n � � � � n n n � � � � 0 0 0 0 0 0 0 0 0 0 0 0 0 LL LL LL lL lL lL LL LL lL LL IL lL !L LL LL LL LL LL � � � � � � i � � � � � � i i � � � ������������������ fn fn fn tn !n fn (n fq fn N fn fn fn fn fn tn (n (n 7 � 7 > > � � 7 � 7 � � 7 � > > 7 � J J J J J J J J J J J J J J J J J J a a a a a a a a a a a a a a a a a a � � � � � � � � � � � � � � � � � � > > > > > > > > > > > > > > > > > > ug u� u� u� u� ug ug u� ug u� u� u� u� u� u� u� ug u� � � � � � � � � � � � F � � � � � � W W W W W W W W W W W W W W W W W W C� U U U G� C7 C7 C� C7 U C� U(� C) C� U(9 () H F� H� H ��� �� r � F H F H� Z Z Z Z Z 2 2 Z Z 2 Z Z Z Z Z Z Z Z > > > > > > > > > > > > > > > > > > � � � O O � O � O � O � 0 � 0 0 0 O � a¢ a a a a a¢ a a a a a a a a a a � � 0.' ~ F F- F- F- F- F- F- F- F- F- F- F- F- F- F F- F- F- W O � O � N('7 O � N O � N O � N fh O � �O O O O O O O O O O O O O O O O O O r� r� r� n r � w ao ao rn rn rn o 0 0 0 ��- �- •- V V'P V 7� V ^ O� N 1[I �� Q 01 � Q� O� O� ���� O) W�� O� W � O O a � �o �o �o � m �o � �o � m �o �o m �o �o N N � � � � � � r � � � � � � � � � � 0 U � F- t- f- F- f- F F- f- f- f- F- t- f- f- r- f- r f- Q O � O � N c'� O � N O � N O � N c7 O � 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 �y r� r�� n r�n w aom rn rnrn o 00 0 �� � � v �� v a� v � o v �n �n u� �n N rn rn rn rn rn w rn rn rn rn rn rn rn rn rn rn �� � ����������������oo � j !q (n t� !� fq iq t� t� i� tA [q N i� tA tA f� N N } r } } } } } } } } } } } y } } } } 3 fn tn !n tA (n N !D tA (A tn tn !A fn (A (n fA N N 0 � M � 0 m 0 � � �� � a � M j NC A: O; U� �u � C S < �; �� � � C �+ Gi W C> � N � H � � � � N � � � N _ � a��� ��o o� O� o� � a° � V O a N A L � a' d, �� Ai > � ¢c � � �- � � �'- � � � e- �- � ��- �-- � � ��- �- � � � � �-- � � � � � � � r 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0� o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0l o O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O f0 N f0 f6 f0 N /4 f0 N N �0 N N f6 N f0 f0 N N l0 N f0 N f0 N N f0 f6 N N f0 f0 aaa�����a��a��aaaa�aaa���������� o�n o o � o 0 0�v r� o 0 o c� o 0 o co r o ao ao ro o 0 o rn o ao O� O O � O O O 01 O O O O GO O O O N O e- O � O o7 � O C7 O O � O i0 O N O O W O O O M 01 I� O O O C'1 O O O I� O� t� O O O t0 N O a0 O O N O O ch (p OD (O O O a0 f7 (O (O N O! OD M aD 'Q C7 W h N � f0 Y � in .- �fi N 7 N � �O T O (^O � M O � �1 � r- 10 � � � � H � 0 a � 0 U O � � LL � J J � 3 O c7 O O f� O O O(O 0') O O O C� O O O t0 t� O OD 00 GO O O O W O O V O O •- O O O 01 O O O O 00 O O O N O�- O�- O C7 V O M O O � O O N O O GO O O O M � I� O O O M O O O I� 01 t� O O O t0 N O GO O O N O 0�0 M O�D � � � O�7 � I� N � (O � �� r v�i u�i � tO r � rn c� o � o r� o o n o 0 o rn c� o 0 o r� o 0 o ry n o ro ao ao 0 0 o rn o O� O O � O O O 01 � O O O O 00 O O O � O � O � O 01 �f O M O O �- O O N O O 00 O O O('� � f� O O O� O O O I� W f� O O O (O N O CO O O N O OMD e�7 O�D � � � C�'1 � h N V_ (NO_ � N '- � N V (V .- {O W 1� ? fh � � fp Of fh O N N N N N N N N N N N N N N N N N N N N N N N N N N N N O O O O O O O O O O O O O O O O O O O O O O O O O O O O N N N N N N N N N N N N N N N N N N N N N N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n n � n � � n r� n � n n r n � n � n n n n n r� n n n � n 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LL LL lL LL LL LL LL LL LL LL lL LL LL LL LL lL LL LL LL LL lL lL lL tL lL LL LL LL LL LL LL LL � � � � � � � i � � � � � � i � � g � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � (n tn tn tn N N N N fn !n tn N tn N fn f7 N(n !n tn fn fn tn fn (n N tn (n tn fn tp fn � 7 � � � � � � � 7 > > � � � 7 � � 7 7 � > > 7 � 7 � 7 � � � � J J J J J J J J J J J J J.J J J J J J J J J J J J J J J J J J J a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a > � r � �- Y �- � � � > � � � � �- Y �- >- �- �- � � � � � � > � �- >- � � d' � � � � � a' � � a' � � � � � d' � �' � � �' � d' � d' � � � �' � � � > > 7 � 7 � > > > 7 � 7 > > 7 7 7 � 7 � > > > > 7 � � > > > > tQn (Qn (Qn lQn tQn tQn (QA tQA (Q4 fQn fQA fQA (Qn tQn lQn fQn (QA tQn tQn !Qn (an (Qn tQn (QA (QA (Qn tQA fQA yQ fQn (QO NQ W 111 W W W W LL] W W W u] u7 Lil li] W W W u] Il] W t�.l W W LL7 W W W W W W W L�l 2� R��' d' � �' �' 2 4.' d' �' K� 6.' d' �' �' d' � K 2�' 4.' �' a' a' �' d' �' d' F- h- F� H F- F- F- F- F- H F- f- F- F- F- 1- I- F- f- F- F- F- F H H F F F i- F- F- F- W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W c� i� c� c� c� c� c� i� c� i� c� c� c� i� i� c� c� c� c� c� c� i� i� i� i� c� i� c� c� c� c� c� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > O O � � � O O O O � � 0 � O O O O � 0 O � O O O � O O O � � � � a a a a a a a a a a a a a a a a a a a a a¢ a a a a a a a a a a F- F F F H F� i- F- F- F� F F- F� F- H F H F- F� F- F� F- F� t- Y- F- {- t- H F- H F N('7 < � (O I� OD O) O N(") a�f1 (O dG 01 O ('7 O N M O N OD O � CV O O O O O O O O.- .- � � � e- �'- �'- �-- O O O� O O O O O O O O �.- .- � �.- .- .- � N N N N a0 a0 a0 a0 a0 00 00 i: � � n o 0 0 o rn rn rn rn rn rn rn e o v a v v v o o a a v o v v v v v v v v m m co ao co ao ro N N N N I� f� I� I� ��l7 N�f1 �A N� O O O O O O O O O O O O O O O O O N N N N N N N N P1 f`') M M M M C7 N N N N N N N N N N N N N IV N N N N N N N N N N N N N N N N N N F� F- h F- H H F- f- i- F� t� F- H F- F- F- 1- F F- F t- F- F- I- F 1- F F� f- F- H F- N c'� Q N (O f� OD � O N ch V �f1 (O �D 01 O C7 � O N [�1 O N 00 O � N O O O O O O O O � r- O O O O O O O O O O O N N N N W a0 a0 a0 a0 aD aD •- � •- •- � � � � � � � : � � � � � n � n n o 0 0 o rn rn rn rn rn rn rn v a v v v o v c v o v v v v v v v v a v c ao ao ao ao ro m ao N N N N I� I� I� i� N h� N N N� O O O O O O O O O O O O O O O O O N N N N N N(V N!") C7 M M M f`') M N (V N N N N N(V N N N(V (V CV N N N N (V N(V (V N(V (V N N (V N �y N N tn (n (n (n f/J (n !n (A fn (!Y (/Y (/7 !n (/5 N VJ f/Y tn (n tq fn fn fA fn fn fq fn iA in !q fq tq r r r> r r r r r r y> r r r r r r r r r r� r r r� r r r} r ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� �� t�D Oa1 a_ � � �d � T V N � � � v V 0 t0 O) l0 > a �o � A � 0 « a � h � Q o oi O � - a o t � � o a a � a O � � 0 c� 0 « m 0 � M m � � a �. 7C � � � R 0 � U� �F M r � R � � � � � I.L � � W � � �,,, W d d o 4 � C: = N j � � N a Q � •N �' a o � � LL, •— � � 0 p � �`� O N L � d d d � �° U O 7 a a dm GI t�l �O c m Q m N N N � c m E d > C a y � U �� N N �a � � 0 0 O1 V O O� f0 I CO o � a�Oo � O ( O Q � I � � � M � o�D �O �n (O N � � � O �n N f� N Oi � n � O (O i0 � V �0 O � O I� � M N �p W O (�O C V 01 A N N' M � � O O 0 0 o � V � O 0 � t0 � N � 0 0 N N o `r o � � � n, v � N O M V a N J Q.' �D F � � a r U � U � � U H � U � wO � I'' J � N > � a w � 9 Z } C W � � N � ~ 3 IW— a 0 y Z � OC W � � � N � I � ( W � W �a � I a � a p o`O, N U r�Oi o°�o W I � MI M � O Q I � (n�1 O �n N N N �t V v a N N N N � � � N � � N W � N N V � N � � N N ' v v N N m a0 � � n � 0 w � Z � � � H Z W � � W d Z � N > W a J 0 C O '� a � 0 � a � y � NQ W � � � N r o Z � � U 0 � y v � N W o > } � � T � G � � � 07 10 N n Of � � NC� Q 1'f 07 n � V m � N T N N � m N N ao N N Q � C � 0 � � ¢ � n O � o ai LL o a a � a � M � � m 0 c �' v N 01 R a � A �"� �"� � � wU � � o� U '� � � M 0 � O O O �"� O O O O tA yT O O � .� � N W i Yd L �0 � 1"'� � � = t W � � �„� W y V o ; � �i y N � � � � ,� N a Q � p �' � �O O V �O � L I.L Q� 41 a° a° � o U ; a d d �U �7 C N Q m mlN � c d � d c a� y � U 0 o ro � ro o 0 oi c+i n rn � a0 N � M N � (h o� �o N p0 O M � N � O�D O � O rn th �O n rn � o°'i OD N 07 M f'� �[1 � M M O N � a�o 0 n rn � CO N T M � � � � 0 � O M N N N O O N N so �� 0 0 0 O O w a � � � O Z 7 V �� N U w � LL F Q, J J � (n � Q �yJ � LL O � Z � Q J � A a � r �o LL � � m � W W � N U O � j F- a Z � � ' U U (7 `O " N Z o 0 0 Y � � � U W _ U Y Z a m �mN z �oo � r� co r� 7 � � � N h � � r O N �3 � > C n c A t N A U '� 0 � Q o � U �0 - a o i � � o a a � a 0 �' r� 0 N � � m m 0 � L U Z = W � Z+ (' M � a� � N O c � co N y � O Z' W V � •0 � ��� d 0 a a° a LL 1i .� � N t^�I .��- N O O �,q � O �'C O O O O (h O 0 C u a �o � � rn € � � � '- I a� M � F ^ a- �- .- .- � � a, N N � pp �« o � G � � � 0 `o °°�° n fO o v � p �� in � M� �°� o o .- a ''� � o o a r�i o mN, 8 jp N I� � (O O m� N 1+01 m N O a�0 M����� N N � O (�O � N c7 � N N � � N N « � � (D f0 O O N d� O O V' c7 O OD ���o��o �> N� �o� c� � ci rn � N N n O t�0 O�i � P') �!'7 (V N � � N N 17 d O O � M O aNO a�—'� � ONi o � N O o N M � O a0 00 (`�') (O O ln O�D � N I� O (p � � N � N N •N- � Z � � � Q � � O � � � w � a W a � O � � w W a a � � Z z o � ] Q �, W U C m O � W � � � LL � W Q } LL � a W Q Q� � � � > Q o Z w — � � U � W � oi 10 n n N N N � � OI �o � � N N N � � T � � r N N � � � c d � > C O � O � M O 0 � I OI O � v O � N � a � N � 0�1 N 01 � n t0 � � N N � � � n � � � N O � r n �d � N � � O GI (0 � � y U � c�i � c m� � Y �. C � c tv �� R ' U t a� � U a � F� � � � 0 n � c w o (O � N p X� m � QU o ;? m c � m y 7 � .y.� � � 'y a`�o a� a V C V � a •� � N.�'D E iv �U.� � � o o :° � � c° c a N E r N °' � E (�`°� ev� N '` O N N O o.?� � o �wa ip O � d T= w � O 0 �U c � M `° � m � o 0 0�� H � � � � � ��o �� o �- a�ico � Nao {i O � O U •'n o .-M-i � � L O E N~ oo�iN M � v � C� c c° !� f0 U ��� ��O N y m (O O � V � .D C � N M E � � � � O N � W � � � a y L � � N U � C C O 0 y � � � aQ a c°r° r `o Q � L N V1 � N � 3 u � LL � N V C �a 0 Q � �p � � 4 U r � � O � c a � y � �o � Y F- c � � ow � � � p V1 (i m o a Hfp c� U y �. Gl C U a C � c � � � � ° � � W c � � � � C� �, �o _ �, vi O I > > � L �j � ` f�p �� c� a w� cv E a � cn a �� oa^^ � o a > �c o a � a a M O N � a Q M � 0 N a O v O .G Of O a � � � � 0 � � 0 7 � �� .A ai 3 � a � U � �M O � �' « O� � N Z � � W � E C9 � �n � Q a� � o � � C N � _ � � W � � � V •� � � U p � � � � o LL a a° � � a° �` a� � N a � i 8 m d 7 i d � � m 7 >' a N @ LO � a' q c � �� Q m d IN � c � N > C a � � � U : �o ro co �v �o �v co <o ro � �D a0 CO aD W aD OG aD 00 CO OD a0 N N N N N N N N N N N 0 0 0 0 0 0 0 0 0 o c � �o �c <o �n �n �o ro �o m 0o ao ro co ao m w ao ao ao N N N N N N N N N N O O O O O O O O O O R'�V N M OnD .�-- O N� � O e') f� (V f� f� th � allo n� rn��rn c°0o o vi o ������M��� W 1n N Of (O �(O � 00 f� �n c0 N (O 00 �O O /h N <O � � N .- � (O N � � (O O N N M N � 'Q R� M 0^D � O N 0�0 � O O cM 1� N V V I� f� P) � N N� N �<O a0 aD t+1 oD pf aD f� 41 O� 00 01 f0 O in O N Oi aD (D OD � h th ch (h t� f+f W � N � f0 � t0 �ff OD M OD � OD N (O OD (O O C7 N t0 N � R N ���U N �� f0 N fh f0 t0 N 1�. �� N o�0 � O V � � M aD � o ri r: �i �� n � oi ' e�i �D n� O� cD � (�O O h O N oi oo co ao �ti � ri co ��n r� � N N O� (O W (O � W ('� OD � N N f0 oD tD O M� tp N � V N '- � (O tn �- � (O � C7 P9 � � N N � I O O I O O I O I I ' �I � � I � � n O t0 t0 o. o c`7 M � � N N N N O O � �y N N N N O O M M M tay N N N N '. � O a � � � `� � n H R � n N O � n Yf � � ri � � m N O � n N � 0 0 N N M I+�f N � 0 0 N N � M N � 0 0 N N I N N 0 0 0 0 r� I w� 0 0 ro I �o I 0 f7 0 0 O O oi oi (�O t�0 N N' O O � N O O h N 0 0 0 0 0 0 o O o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ¢ � � ¢ ¢ ¢ 0 0 0 0 o M N O O G O � v a N � O O O O O O O O O fh N O O O O � � � N � O O O O O O O C7 O p n O O O O � 0 o v_ v v�i a o O1 !D f0 N � N N .- a1 N N N N N N O 0 0 0 0 0 0 0 �1 N N N N N N � ssooso 0 0 0 0 0 0 0 Q O O M O NN h � O LL IL LL lL ly LL p�p N � 0 � � � � � � � Yf p tp (n fn fn !n !n N N Z N � N N J J J J J J � N a a a a a a � F r � F � F � F F � Q } } } } } } Q-' 4.' �' 2�' Q' Q' 2' a' R' F (n � � � � 4.' � W W W W W W W W W W W Q W yQ yQ yQ yQ�Q �a N N N� N N� t� t� N W til LL] W W W W W W W W W W W W W � � � W 0 O � O O O 0 O 0 0 � � � � � � � � � � d w y � m Q � � � � � � � J� J J J J J J J J � > � O OI � Of � O/ W W W W W W Q Q Q Q Q Q Q Q Q Q r�. � N Q ` Q � �� ��� � aaa a aa a aa a u, � d a` o LL LL LL LL LL LL LL LL LL. LL � � > > � > a > a a a Q a a 0 � � Q � � � � � � � J � Q. Q LL Q O Q Z Z Z Z Z Z � �O �O 'O Q Q Q Q Q Q ���������� A o� a A Q� �� »>»> ��� c� �c� � �� �� a�� c� � °o 0 0❑ o ��� a a a a a a S °� � Z o g o a) � � a � H � (ry � y LL �j � �j � � _ � Z � W F F- H 1- F F y� o�p N r> ��n n ro rn o N a W 0.' F- o 0 0 0 0 0 L O O O O O O O O O O � n I"' � d � N N N N N J M� M M M� M M o7 M � �N W � Vi � Z � Q � O�i ��� � i � � � � N � �� � N W � ; � e0 oD a0 a0 aD a� O W � � z � Q } W U �o �� � a o 0 I U � 2 0 (g F.� � F� � I � W � c�o �p ���$ � ro a`Do ro rn I p o F- I C7 z Q o 0 0 0 0 0 - O O O O O O O O o O n W N N N N N 1a� lh M f h f � M f 7 M M C 1 M (n � J � � � O O O O O O j N N N N N N ^ N N ^ � � Vi r � Of � � p� p� p� Q � Q� J OD W OD OD W 00 � ti� v1 tn tn l� tn tq tn tn cn j v� a N U v� W ao . r�r r>r � r> r } Q r (O } z o W in�n ininin cn � N� tn y t� cA y tn N h � Q' N i U tn I J � I W c�v I� � y N y y y i/i a � cn'f Q Q "' � O '� � � o � > .o LL� o � a d a � � a rn � 0 � � O d � 0 � N �� � q C a � U v � �s � o- «� A � O '� � w � 8 � �� �� � 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .- � � �.- .- � �.- .- � � '- � � .- .- � '- .- � '- .- �.- � � '- � r- � �.- �'- � m co m m m m m m m m m m m m m m m m�o �o m m m m m m�o �o m co m m m m m m ��a a�� ��� aa� �a� �a� �aa �a� aa� ��� c�� ��� O O O O O O O f0 O O O 1n f� � O N OD O O O O O N O O O e� O O O O O O O O O O O O N O O O lh O O O N(h O O O O O O O 1n O O O Of O O O O O O O O O O O O O O O o O tM N O O (O � O O O O O O O N O O C Oi O O O O O O C aND N M � � � � � o � r�i v`�i a c��l v c�v U = +� d W � E C� � H � Q d �o � � � N � _ � � N LJJ � � R (� ,� G� 3 L% O 0 � N � •� ti o a° � � a° � � d N � d � a A R L 0 � a' � cl A Q m � N 0 N � � � d C a H � U � � � z � W � � a � � U O � a LL J J W � 0 0 0 0 0 0 o ro o 0 o v� n�n o c� ao 0 0 0 0 o c� o 0 0 a O O O O O O O N O O O M � O O N M O O O O O O O In O O O Ol O O O O O O O O O O O O O O O O O f7 N O O (O � O O O O O O O N O O O� O O O O O O O aND N M .�^- .N- � � � O �. M � V N I\ O � N O O O O O O O(O O O O� f� N O N 7D O O O O O N O O O�T O O O O O O O O O O o O N O O O(h V O O N M O O O O O O O U� O O O� O O O O O O O 0 0 0 0 0 0 o N o 0 0� M o o � ry o 0 0 op o 0 0 � o 0 0 0 0 0 0 0 0 0 0 oD N 1+f .- � p � n � � n N n O � N � N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 00000000000 000 0000aoaoosoo N N N N N N N N N N N N N N N N N N N N N` N N N N N N N N N O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O n n n � i. n i. � n �: `n r� i. n n`n � n n � n r� i: n i. � n n n � r� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LL LL lL tL LL Il LL LL lJ. LL LL LL tL LL tJ. lL Ll. LL LL LL(L LL lL LL LL lL LL lL LL IL lL LL lL LL lL LL � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � i � � � � � � � � i � � � � � � � � � � � � � � g � � � � � � � � � tn v� tn v� tn v� f� v� (� y fn tn cn cA N cn fA fn tA fA tn (� N(A tn tA !A fA c0 y tn fn tn fn tn tA > > 7 � 7 > > 7 � > > > > � � � 7 > > > 7 7 � > > > 7 7 > > > > > � �7 � J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a r� r � r r r r> r r� r r� r r r r r r �� r��>} r r r>� r� r � � � � � � � � � � � � � � � � � � � � � � � � � � � � � z � � � � � � 7 � � � � � � � � 7 > > 7 � � � � 7 > > 7 > > > > > 7 7 > > > > > > > > fQn !Qn !Qn (Qn NQ NQ IQn (Qn fQn (QA fQ7 fan (Qn fQ7 (Qn !Qn (Qn fQn [Qn !Qn NQ !Qn NQ fQn (Qn (Qn (Qn fQn !an fQn (Qn fQn fQn fQn NQ fQn W Ll] W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W LLl W LLl W � � F � �2' � � � F F�- F H � � � � � F � � � � � � � � � � � � � � � � � � W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W W c� c� c� c� c� c� Ca c� i� c� i� i� c� c� v c� c� c� :� :� c� i� :� c� i� c� i� c� :� c� i� c� c� :.� i� c� a a a a a a a a a¢ a a a a a a a a a a a a a¢ a a a a a a a a a a a a � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z z ¢¢ a a a a a a¢ a a¢ a a a a a a a a a a¢ a Q a a a a a a a a a a a > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > 0 0 0 o a o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a¢¢ a a a a a¢¢ a¢ a a a a a a¢ a a a¢ a¢ a a¢¢¢ a¢ a a a a � �� � �� � �� � r-� � �� ��� r; �� � �� � �� ��� � �� � �� 0s� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0� o 0 0 0 0 0 0 tn ��� 1n ��(O (O (O (O (O c0 CD CO 00 � W �� N N N N I'� M th M C�7 N tn �� t0 f0 (O � N N t(� tn � tn tn N N�A � � N� �� O O O O O O O O O h f� h f� I� I� h O O O O O O O O O O O O O O O O O O O O O O O O O O O O� �� Of m Of Of �� �� Of � W W � T� � �� p� �� 01 Of � �� O O O O O O O a0 aD a0 00 aD aD c+D oD c0 ao a0 aD oD a0 aD a� a0 aD o0 ao eD a� oD aD W oD [O c0 OD O O O O O O O .- �.- � � � � �.- .- � � � � �.- � � � �.- � �.- � � �.- � N N N N N N N r- � r � r � � � � � � � � r- � � � � � � � � r- � � � � r- � � � � � � � � N (h O N M O N f�I O N Oe� O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O A a V N�n h N !D t0 10 (O <O aD W oD aD 01 O� O) Of N N N N c7 c7 c7 c'7 M�n N u� K7 f0 <O N �A u� �n �n �n v� �n �n ,n ,n ,� ,� ,� ,� ,� ,� ,� ,� ,� o 0 0 0 0 0 0 0 o n i. n n n r� � 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn a, rn a, rn o, a, rn rn rn o 0 0 0 0 0 0 ao ao ao ao ao w ro ao ro ao w ro m co ro ao m oo ro ao co m eo eo w ro co co ao 0 0 0 0 0 0 0 !/) U7 tq tn tq (A iA fn i%J fn (n (q !n (n tn lq N!N !q fq tq !q tq !A !q tA f4 (n fn y� y y y tjj N N��� N�� N l} N� y����� f} �� N N f}A N��� N f} N!} � f} V V N Q Q o � � � � o a — i � � a a a N � � � t�f 0 � 0 � M ,�'. d '� i0 �0 �o � a � v� F�M, T O— r A wU A � O� � � � � �� N U c Z � � W d E � � H� a y do � p� = N � _ � � N W � � � V '� � a�. ��o� . ,� o a° � GC a° d � > a N +�' A L � � � a m � Qm � N � � � N C a N � U 0 � u f � � � n � C L ,C^ V � Q LL J J W 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o c o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 . � �,- .- � � � � �.- .- � � � �.- '- .- '- '- �.- '- '- � ¢ Q Q ¢¢� ¢�¢ Q Q¢ Q Q¢ � Q�� Q Q Q� Q ¢ a¢ Q Q Q Q¢ Q ¢� Q O� O O O� O O O O�� O O f�0 1N O O O f0 � O� OND N O O O�.�-- O O O a�p O 00 O V� O O O N O O O O p� O O OD I� O p O O ef o� O (p O O O�!) � � fD O ON1 � � f0 N 0 O O O O O OD � V O O.- a in O O � M � � � (�O n O n � n �vj � N ch �� I� (O M � �� O O O� O O O O � M O O(�O � O O O(�p � O�� N O O O� � O O O O�D O OD O�C O O O n O O O O V� O O f0 I� O O O O O� O (p O O O N O O O O OD O OO M tA � < <O O W � � O O �� N O � c0 c+� p� V: � � a � N �.�j � � � O � � � � 0 0 Q n � � o a � �I o a a a O V� O O O 01 s� O O O �� O O O N O O O� tp O�t N (O O O O V� o�o 0 0 0 0 0 0 0 o M o o�o u� o 0 o a o c� o� N o 0 0�o ��� °f � o v o 0 0� o 0 0 0��n o o ao i: o c o o� o (p 0 0 o ro o ao �O ? (O O N M �� CD O f0 O O O N QO O O O 00 O CO rn v v o 0 o ro � �,.� o o �n o v v � � � N n �p ty � � N M ,�- � � h t�p C7 � N N N� N N N N N N O O o o O O O O O O N N N N N N N N N N O O O O O O O O O O i. � n r� � o 0 0 �• n 0 0 0 0 0 0 0 N N N N N N O O O O O O N N N N N N 0 0 o s s s � � 0 0 0 0 0 0 N N N N N N N N N N O O O O O O O O N N N N N N N N N N s000 ssso 00 i: r� i. n r. n r� i. 0 0 0 0 0 0 0 0 0 0 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � i � � � i � � � � � tn V) tn tn � tn v) v) fn c/) cn (n fn v) cn fn tn fn v1 fn (n y tn tn y cn (� y (n tn N fn tn tn fn (n (n J J J J J J J J J J J J J J J J J J J J J J J J J J J J J_/ J J J J J J a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a rrr}r>>-»r»r}� r>��r� rr>rr}>��>>-}>>r � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � h � � � � � � � � � � � � � � � � � � u� ug u� ug u� ug u� ug u� ug u� u� u� u� ug ug ug ug u� u� ug u� ug ug u� u� u� u� u� ug u� u� u� u� ug u� � � � � z � � � � � � � � � � z � � � � � � � � � � � � � � � � � � � � F- � F- �� r- E- r- r- f- �- � F- F- �� r�- �- ��� F- F- f- ��- F- � f- f- f- f- F- f- f- � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � Fa- ha�- FQ- Fa- F FQ- IQ- FQ- Fa- Fa- Fa- Fa- FQ- F- Fa- H F- F F¢- Fa- H H H F- F- F- F- I-- F- FQ- F�a- F-a- FQ- I- F F- a a¢ a a a a a a Q a a¢ a a a a a¢ a¢ a a a a a a a a a a a a a a a a> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > a a a a a a a°a a a a°¢ a° a a°a a° a° a° ¢° °¢ a° °a c a°a a a a° ¢° ¢° °¢ °a °¢ °¢ � � � � � � � � ~ � � � � � � � � � � � � ~ � � � � � c%� o N r%> c o � o c� r,� 1- f- I- H 1- 1- 1- F- F- O O O O O O O O O O O O O O � N � � O N� O N (7 p �f (O O f0 Of p) p� � p� � p.� �,.� � �� ��� O O O O O O O O O O O O O O O O O O O O O n�� �� h O O O O O ��� ��� ��� C� CO OD 00 Gp N N N N N N N � M 0'� <`'1 M!'7 O O O O O O O O O O O O O O O O O O O O O O M l'7 (h M M� N O N N N N N (�'7 C7 (h � M p7 ��� O O O O O O O O O O O O O O ^ 0 O O O O O O O O O O O O O O Q O O O O O O O O ��� ��� ��� � �� N N N N N N N N N N N N N N N N N N N N N N N N N N N O O O O O O O O O N N N N N N N N N F �"' H H H H H H H F F F N N H' F F H F' F" F" H H �"' �"` H- H' F' F H H H H H F H 0 0 0 0"`* d c� cn v o 00 0 00 0 � `�"� o N N oo ��o �p p� � ��� M�� �� O� O O O O O O � � O O O O O O O O O O O O O O O O 0�"� V1 M l`9 f'1 O O O O O� ��� O O O O O O O W W W a0 N N N N N N� O O O p O O O O O O O O O O O O O O M��� ��� O N N N N N M fh fh M M M lh M M p7 c'� (7 (7 (7 M (h lh M M M C) M lh � � p� p� p� W On1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N�� � N� N N y � N y N h� h y� N�� �� N N� N y� N h N N � N� N� N N� N N N N N N[} ��� y t} f} V N t} �� y h h N � N N V t} !� � t} !} N � ro � � 0 O � � �A � wo a � V� o 0 0 0 0 °O � M O O O O p M O O O O O 0 0 0 0 0 � s �, � � � .. � � .� � I o� � � � m �n � a"��al �� 9� � � o 0 o v�i oNo. � m o 0 0 oi > � � � Y � 8 � N m � N N N � � C � i `a � U c � Z = � W � E C� � N "� Q � �o d � � � N > O = 1 � N N � N N a W�,�R V ,o m � U p � .`c � � ,o a� oa �� �� � � � a a' dd O1 U �C C N Q m O O O (p O O O N O O O 01 � W O � � a�i � � n � N N' � d 7 N � c d � > c i a � N � 7 V : O O O (O N O O O N pp O O O m � � tD � T r N N N O O O N N N O O O 0 0 0 N � LL LL LL LL � � � � � � � � � iD � � � � � > > > > °'- J J J J � a a a a Y � Y >- � � � � � � � � NQ �Q �Q yQ W W LLI W � � � � F- H F� F- y W W W W � Q Q Q Q d z z z z a > > > > c O � o O A � Q Q Q Q V: O � � F- H F- F- H y �o 0 0 h � � g h � � � � n � i. n rn rn rn rn � o 0 0 0 � N N N N .�i � � � � � � � Y N r� i � � � � � � � � n i. n r� r� rn rn rn rn � o 0 0 0 : } } y i s tn tq V� V� T t0 � � n N � O Na �N v � a � O> N Q 0 � � O a oa^ � � o a � �I a a a � � � 0 � 0 3 � m 0 c � � � m � � a N � M 0 � O O � � � � � wU G 1O � w QS, b � �A �� N d � > � � U W = H Q � V `_ G� , O � � � H N > N � � N a W � � � s V ,� O 7 � V O O � d V) � O � y � �N f1 a u G 1.4� ' a dd rnu �O C W > N Q m � v � � > � �° y `- OD � m° � a N � W � a 0 ro rn N � �v � ui N Y � v � rn N n ec � N V � 0 N O O 0 0 C 0 Na N O v � � � U Z W (7 Q � O N d d � c � U � y ? A — m N � � � ui � > � a z � # p � c U • � a � m c� � Z N C � - Y �' U W 2 U Y Z Q m Z N � 0 N N U � VTj v�a� Q Q � � � � o a� � � o a a � a rn N 0 M 0 � 0 m a c � � 0 � � d � _ �f � N � � � N � � O � Z � •� i ��o� ia° a LL � � � � �o � � �S O O N � � O N t0 1'7 C � m F G � I � " I � N � \ O � O O 0 � O o o � � � O O r- a Y CI <O f0 N 7 N � ^ m; � � O � � � � � � � � � y � N V �' � ° � � � � N � a j ci o � � f0 v N n a rn � � � A � 10 � T � o �p o °O O N O " I � � � N � V r ro � � � � a � N O�f M � N v, � � � � � W M N I 'a 0 M � M � � C M a � Of e�i � N � O � � � y U � � > C m� � Y� YU T C afl3 ai .c �7 L � � �� U aNi a f�1� o U � LL `�r y �'C ,.� � g ' I " "° � � U a S I�- yy U C �9 <6 d Y C l0 � N � N N f0 N � Q N N � t0 > a� � l0 E m � N V .� 0 a a 01 N IC � w Q O '� C U o ao > v � N C @ � �, � } yg � c�i ,o U iLL � � M �N o � N N F- m � w m M y O '� C a EU U N o �a� m e 'C ll C� a�-- N• V u� a � M C j� C � � n W o N � r � � y � t 0 M C C � a- N O N E N N .X �p � O w � .� y d U C LL C .O �� I -c � IC L � N � � � y � C1 � N � '� T m O � N V p> a � V C C a�i O � � v�i .o f0 } Q1 d N C.� W c p) � p L . y �0 Q E°- ci a' w�� a a�� � ¢ ^ � o -. ^ � a > 0 ir a a � f a c�f O N W a 4 M r O a � O o O � �� o � � � C o � d o � Q � � � � iv . � �� m �G a � U� �F� i � � R �� � A � � � N 1 ; i� ' ` � � T = � �"— � � � � NM O c� � 0 4 � � = N � � Q � ,N � a � � � ? •� � i � O � � .O � O O o" ;; = a o 'o a a d ai � C Q m dl � N � c a � N > C .�- � f0 tL N e«v O O p I p � � � �0 � N � O p 7 N N � � R O > C7 M O O � � W D � � I N N � a � � M M O O � � � ��p � R � � N N � v C'1 M � � �-. � �I O � � I I N O N O � 0 � N � � O � �" � �OpD � LL V 0 F � Z ' a w � F g Z F w i w w > c� z z > � � z rn � w � �- m c� m �n a a � Q C V C iO O v «�° J � i m' ' N m � O p O p N � `'" N � N O a y N LL � � � � �5 � N 0 � � � on T � n � � � M � h m A � Q 0 � s 0 o a = Q n � � N ^ N � a� > O � a a � i a � WC O t�7 O � r� 0 d � 0 � � N N a �v a � C � 1'� � in � � M 2 v� U N � � N Q � � �, Z � � � � � � � � � = a � L � 7 a d � d > a v� � � o 0 � o 0 0 0 s �, � � . �� o� � � � � � �m �A �� � 71 N O 7 � O N N � Y � ^ � M O m � N N N O 7 'C O j n � v i: .L M O A � S N N O V O i[i p � v n � o v N N N N N O O � n 0 0 0 O O � z Y U y W � 2 � U 1- 2 2 � > > c Q ¢ A Z Z m > j � O O � x = > Q dl � � � � d e a > C ( � a � N _ U ( N (p O O � N N N � r h � i � � � � � % (n fn t0 W 0 d O � � Of M V C M a � M � �+�f o�i � N C M � � � c � d c 0 e m c N l0 i "s � a a � 2Q"' � o �Y0- L LLI O � �. a i a � � O m O � � m O c � �