HomeMy WebLinkAboutInvestment Report - May 2014CITY OF PALM DESERT
FINANCE DEPARTMENT
INTEROFFICE MEMORANDUM
TO
FROM:
DATE
RACHELLE D. KLASSEN, CITY CLERK
NIAMH ORTEGA, RECORDING SECRETARY
July 24, 2014
SUBJECT: COMPLIANCE ANALYSIS AND INVESTMENT REPORTS
�
Attached are the Compliance Analysis and Investment Reports for the May 2014 which
were presented and approved at the recent meeting of the Audit, Investment and Finance
Committee. Please include the report on the upcoming agenda for review and
acceptance by City Council.
Also included are the approved minutes of the May 2014 meeting for acceptance by the
City Council, and the attendance report in progress for 2014.
Please feel free to contact me at Ext. 382 if you have any questions. Thank you.
nmo
Attachment (as noted)
� (�p'+LOV ED ��t SA-• �L).l�
�� S- Z$- l � .�.�,..__.�._._.�
��:�R.��r � � ��W ��rllti" --
+Clrigi�al aea� i�.e �e%vi� �itv C��ks �ffic�
CITY COUNCILACJT'ION
APPROVED DENTFD
RECEIVED OTHER
MF,ETING DATE � ^ � ��
. ,
AYES:
NOES: �
A.I35F.NT: ...���'"P -
A�3STAIN:
VFR[FIF,D ��' r�-m —
(�riginal on File with City Clcrk's Office
/��\CIAIAAI/"C\�IIA11�L1 /IOTCl�A\IAI\/CCTIIAC�ITl�l111A�IIT�CC\��CI1�/1C\OVI ACCC�I lhl\/ ��T 11�AV 1'1rll�V
2014
City of Palm Desert
� � .
.��'F�r��:��e�F-t� :� • �i�i�r-,;Ii��f��f� r/� �1/��,1�I
ECtyNOMIC COMMENTARY
The intemational Monetary Fund (IMF) is forecasting U.S. economic growth of
2% in 2014, due to a weak first quarter. The ageing of the U.S. population will
also slow productivity growth. The IMF believes that the U.S. economy will return
to full employment by the end of 2017, with inflation remaining low. This implies
that the Fed will continue to keep short-term interest rates at near zero for longer
than the middle of 2015.
The U.S. has finally recovered all of the jobs that were lost since the recession
began in 2007. In May, employers added 217,000 jobs, surpassing the prior
payroll peak in January 2008. The U.S. unemployment rate remains at 6.3°!0,
the lowest level since September 2008.
The new job mix is not favorable, however. The number of jobs in high-paying
sectors, such as manufacturing, construction, and govemment, has declined,
while the number of jobs in lower-paying sectors has increased. For example,
the U.S. has 1.6 million fewer manufacturing jobs than in 2007, but 941,000
more jobs in the hospitality and food-service sectors. Consumer spending
continues to be restrained by a lack of wage growth.
There is presently strong global demand for U.S. Treasuries, which has pushed
the 10-year U.S. Treasury Note yield down to 2.53%. Foreign buyers, led by
China, are buying U.S. debt to accumulate dollars and help weaken their
currencies, in order to strengthen exports.
.%'au�S. P�e" a�, G'G✓tl.✓� : �`
Ciry Treasurer
" Certified California Municipa/ Treasurer
Thousands of Dollars
Month-End Book Value $
Month-End Market Value $
Paper Gain (Loss) $
Prior Year Book Variance $
Interest Earnings (W/O Cash; $
Yield-To-Maturity
Weighted Maturity (Days)
Effective Duration
224,854 $
224,854 $
- $
15,045 $
54 $
0.30%
1
0.00
PORTFOLIO STATISTICS
218,499
218,499
18,738
50
0.29%
1
0.00
$ 217,385
$ 217,385
$ -
$ 19,442
$ 53
0.31 %
1
0.00
1 � -�
�,/s��
Caaital Markets Team
City Treasurer
Paul S. Gibson. GC.M.T.
Deputy City Treasurer
Thomas W. Jeffrey, J.D., t�1.B.A.
111V@SLI11@11t Upl@CtIV@S
The treasurer shall invest all
public monies in a manner
that ensures safety of
principal; sufficient liquidity
to finance the City's
expenditures; and the
highest yield possible after
the previous two objeciives
have been met.
$ 220,165 $ 213,310 $ 208,660
$ 220,165 $ 213,310 $ 208,660
$ - $ - $ -
$ 18,825 $ 15,125 $ 16,574
$ 46 $ 48 $ 47
0.29% 0.29% 0.28%
1 1 1
0.00 0.00 0.00
All data as of May 31, 2014
�
PORTFOLIO CHARACTERISTICS
May 2014
Do/lars in Thousands
Maturities Market Value �
< 1 M $ 186,798 Maturities Distribution
< 2M - 700
< 3M _ 100
< 6M - e 80
< 1 Y " 0 60
< 2Y - �o
< 3Y - 0 40
< 4Y - a 20
< 5Y -
Total: $ �86�%9$ 0 <1M �2M <3M <6M <1Y <2Y <3Y <4Y <5Y
Credit Quality
Ratinas Market Value
AAA or Aaa $ 112,150
AA or Aa -
A -
Unrated 97,359
Total: $ 209,509
Assets Market Value
County Pooi 102,571
LAI F 49,670
WF/LAIF Bond Proceeds 25,034
City Loan to RDA 22,655
MTN -
CAMP 5,097
W F/Bond Proceeds 4,482
Agencies -
Total: $ 209,509
Month Citv Yield LAIF Yield Variance
Jun13 0.32 0.24 0.08
Jui 0.32 0.27 0.05
Aug 0.31 0.27 0.04
Sep 0.30 0.26 0.04
Oct 0.31 0.27 0.04
Nov 0.30 0.26 0.04
Dec 028 0.26 0.02
Jan14 0.29 0.24 0.05
Feb 0.29 024 0.05
March 0.31 0.24 0.07
April 0.29 0.23 0.06
May 0.30 0.23 0.07
AA or Aa
0%
Unrated
46%
4AA or Aaa
51%
A
0%
LAI F
24%
JF/LAIF Bond
Proceeds
12%
i
Asset Allocation
County Poo
49%
MTN
0%
Agencie:
0%
\
Performance
0.33
�
:,
�o
m
r
0.22
0.11
0.00
Junl3Jul Aug Sep Od Nov DecJanl4FebMarchApril May
BLAIFYield oCityYield
CITY OF PALM DESERT TREASURER'S OFFICE PAGE 2 OF 3 '
WF/Bond CAMP City Loan to
Proceeds 20�o RDA
2% 11%
STATEMENT OF COMPUANCE
May 2014
The investment of the City of Palm Desert securities portfolio is governed by Califomia Government Code Section 53601 and by the Palm
Desert Statement of Investment Policy. The City investment policy is more conservative than State law. The Palm Desert Audit, Finance, and
Investment Committee, and the Palm Desert City Council review the City investment policy annually.
For the month ended May 31, 2014, the City investment portfolio was in compliance with all applicable state and local laws and
regulations. The City Treasurer's Office continued to pursue conservative and prudent investment strategies, based upon the stated objectives
of safety, liquidity, and yield. Barring unforeseen events, the City Treasury should have sufficient cash to finance City expenditures for the ne�
six months. In addition, portions of the City investment portfolia could be liquidated in order to meet any significant, unexpected cash
requirements.
Interactive Data Services provided the market va�ue prices for securities in the City investment portfolio. All balances are bank balances.
Respectfully submitted,
.r�s ��, �e..�.��-
City Treasurer
SUMMARY OF AUTHORIZED INVESTMENTS
California Government Code City Investment Policy
CA Govt Maximum Maximum Minimum Maximum Maximum Minimum % of City
Code Investment Category Maturity Limit Quality Maturity Limit Quality Portfolio
53601(a) Palm Desert Bonds 5 Years No Limit -
53633 Demand De osits No Limit No Limit No Limit No Limit -
53601(b) U.S. Treasuries 5 Years No Limit 5 Years No Limit -
53601{c) CA State Debt 5 Years No Limit NotAuthorized
53601(d) CA Local Agency Debt 5 Years No Limit NotAuthorized
53601(e Federal A encies 5 Years No Limit 5 Years No �imit -
53601(t� Bankers's Acceptances 180 Days 40°l0 180 Days 40% A-1 or P-1 -
53601 g Commercial Paper 270 Days 25% A-1/P-1 270 Da s 25% A-1 or P-1 -
53601(h) Ne otiable CDs 5 Years 30% 5 Years 30% AA- or Aa3 -
53601 i Repos 1 Year No Limit 30 Da s 20% -
53601(I ) Reverse Repos 92 Days 20% Not Aufhorized
53601 ') Medium-Term Notes 5 Years 30°10 A 5 Years 30% A -
53601(k Money Market Funds 90 Days 20% AAA & Aaa 90 Days 20% AAA & Aaa 2.1 %
53601 I) Trust Indenture Debt Not Aufhorized
53601(m) Secured Bank Deposits 5 Years No Limit NotAuthorized
53601(k) Local Government AAA & Aaa AAA & Aaa
Investment Pools 90 Days No Limit or Advisor 90 Days 50% (1) or Advisor 51.4%
53601(n) Mortgage-Backed 5 Years 20% A(Issuer) & Not Authorized
Securities AA (Securiry)
16429.1(b} L.A.I.F. No Limit $50MM/Acct No Limit $50MM/Acct 35.7%
(2) 89.2%
Footnotes:
(1) Maximum concentration limit for local agency ir�vestment pools, excluding bond proceeds.
(2) Total does not include the City Loan to RDA, and cash.
CiTY OF PALM DESERT TREASURER'S OFFICE PAGE 3 OF 3
CtTY PORTFOLlO CONCENTRATION LIMiTS
May 2014
Investments
CALIFORNIA ASSET MANAGEMENT PROGRAM
CITY LDAN 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
$ 5,096,854.53
22,654,999.95
25,034,099.51
49,669,538.29
4,482, 354.57
102,570,811.02
$ 209,508,657.87
$ 15,345,219.23
$ 224,853,877.10 (1)
% of
Portfolio
2.27%
1 Q.Q$%
11.13%
0.00%
22.09%
1.99%
0.00%
45.62%
93.18%
6.82%
100.00%
FOOTNOTE:
(1) In the Citv 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.
�
�
CITY OF PALM DESERT AND RDA SUCCESSOR AGENCY
STATEMENT OF CASH TRANSACTIONS
MAY 31, 2014 PERIOD #11
FY 2013-2014
110
210
211
213
214
220
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
271
272
273
275
276
277
278
279
280
281
282
GEN�RAI.
TRAFFIC SAFETY
GAS TAX
MEASURE A
HOUSING MITIGATION
COMMUNITY DEVELOPMENT
CHILD CARE PROGRAM
PUBLIC SAFETY POLICE GRANTS
PROP. A FIRE TAX
NEW CONSTRUCT[ON TAX
DRAINAGE FACILITY FEE
PARK & RECREATION FACILITY FEE
SIGNALIZATI(JN
FIRE FACILITIES
RECYCLING FUND
ENERGY INDEPENDENCE PROGRAM
AIR QUALITY MGMT. AB2766
CITY-WIDE BUSINESS PROMOTIONS
AIPP MAINTENANCE
GOLF COURSE MAINTENANCE
AQUATiC CENTER
EL PASEO MERCHANTS ASSMT. DISTRICT
ZONE 4 - PARKVIEW ESTATES
ZONE 5- COOK & COUNTRY CLUB
ZONE 6- HOVLEY LANE DIST.
ZONE 2 - CANYON COVE/HAYSTACK
ZONE 1 - PRE. PLAZA/PARKING
ZONE 3 - VINEYARDS DIST.
ZONE 7- WARING COURT DIST.
ZONE 8- PALM GATE DIST.
ZONE 9- THE GROVE DIST.
ZONE 16 - PRES. PLAZA 111
Page 1
$ b8,071,883.56
129,031.30
1,270,183.96
20,662,636.92
2,418,942.14
(26,168.81)
1,488,764.23
49,073.19
2,262,753.31
646,506.09
1,911,773.04
1,182,713.86
195,542.07
921,524.04
4,345,785.59
2,512,733.23
332,493.53
1,388,272.12
43,616.22
(443.49)
76,272.44
220,936.47
(29,965.63)
156,820.81
30,275.92
26,007.84
793.62
68,768.82
62,879.28
CASH MAY 2014
�r
CITY OF PALM DESERT AND RDA SUCCESSOR AGENCY
STATEMENT OF CASH TRANSACTIONS
MAY 31, 2014 PERIOD #11
FY 2013-2014
283
284
285
28b
287
288
289
299
301
303
304
306
307
308
309
310
311
312
314
315
351
352
353
390
391
392
393
400
416
420
425
430
436
ZONE 11 - PORTOLA PLACE
�ON� 16SD - SUNDANCE
ZONE- 14-K & B at F.D.
ZONE 15 - CREST LANDSCAPING
ZONE16-SHEPHERDLANE
ALESSANDRO ALLEY
SECTION 29
PDCC/COMMUNITY SRV AREA 26
AD 83-1 DEBT SRV.
AD 84-1R DEBT SRV.
AD 87-1 DEBT SRV.
AD 92-1 SIERRA NOVA
AD 94-1A BIGHORN
AD 94-2 SUNTERRACE/VRNR
AD 94-3 MERANO
DS AD BIGHORN SERIES B
DS AD 98-1 CANYONS AT BIGHORN
DS SlLVER SPUR RANCH
HIGHLANDS UNDERGROUNDING
AD SECTION 29-2004-2
DSF CFD 91-1 INDIAN RIDGE
CFD 91-1 1995 BOND 1SSUE
UNIVERSITY
DS PD FINAIVCING AUTHORITY-RDA
DS PD FINANCtNG AUTHORITY-CITY
DSPDFA-RDA/BLYTHE
RDA-RIV. CO/PD FIN. AUTHORITY
CAPITAL PROJECTS RESERVE
CIP-ODRINANCE # 416
CIP-DRAINAGE
ECONOMIC DEVELOPMENT PROJECT
CIP-PARKS & REC.
ART IN PUBLIC PLACES
Page 2
29,272.29
106,OOZ.13
34,816.61
296,194.07
1,112,081.39
160,357.27
33,636.63
533,670.90
237,068.20
123,091.48
326,693.29
90,209.65
145,375.52
264,244.Z4
195,676.30
100,040.09
3,530,849.90
1,656,499.30
8,077,522.30
1,320,795.38
4,844,567.86
2,114,463.87
830,606.35
268,596.66
1,614,714.43
CA3H MAY 201�I
�
0
C1TY OF PALM DESERT AND RDA SUCCESSOR AGENCY
STATEMENT OF CASH TRANSACTIONS
MAY 31, 2014 PERIOD #11
FY 2013-2014
440
441
450
451
4S2
456
462
463
464
466
467
468
469
480
483
510
520
521
530
575
576
610
620
702
703
841
842
850
851
853
854
860
861
CtP-SIGNALIZATION
GQI�F C�URS� CAP1Tt�l,
CIP-BUILDINGS
CIP PROPERTIES RDA/C1TY
CIP-BUILDINGS-LIBRARY
TOWN CENTER PARKING LOT
AD 98-1 CANYONS BIGHORN
AD 94-2 SUNTERRACE/VARNER
AD 94-3 MERANO
CP SILVER SPUR RANCH
HIGHLANDS UNDERGROUNDING
UNIVERSITY
ASSESSMENT 29 - 2004-02
CFD-91-1 [NDIAN RIDGE
CIP-BIGHORN SERIES "B"
PD OFFICE COMPLEX ENT
DESERT WILLOW GOLF COURSE
PALM DESERT REC FAC.CORP.
EQU(PMENT REPLACEMENT RES
LIABILITY SELF INSURANCE
RETIREE HEALTH SINK FUND
TRUST-DEPOSITS
TRUST-AD 81-1
PD LIBRARY
RDA SUCCESSOR AGENCY
RDA-PDFA & BLYTHE
RDA-RIV. CO-FIN. AUTHORITY
RDA-PROJECT AREA #1
RDA-PROJECT AREA #2 ,
RDA-PROJECT AREA #3
RDA-PROJECT AREA #4
RDA-DEBT SERVICE PROJECT #1
RDA-DEBT SERVICE PROJECT #2
Page 3
130,667.38
2,827,413.92
Z,363,091.29
14,375.28
542,255.11
178,921.49
586.44
20.36
21,291,305.65
502,074.69
3,819,179.76
457,214.35
259,918.13
5,526,547.38
4,336,381.49
1,717,494.54
13,962,913.90
270,664.43
i .:: 1 . ::
CASH MAY 2014
0
CITY OF PALM DESERT AND RDA SUCCESSOR AGENCY
STATEMENT OF CASN TRANSACTIONS
MAY 31, 2014 PERIOD #11
FY 2013-2014
863 RDA-DEBT SERV[CE PRO)ECT #3
864 RDA-D6BT SECtVICE PROJECT #4
870 HOUSING
871 PALM DESERT HOUSING AUTH.
872 COUNTRY CLUB ESTATES, INC
873 HOUSING ASSEST FUND
TOTAL ALL FUNDS
INACTIVE:
CITY-IRC/REGULAR INVESTMENTS-LAIF
CITY-IRC/CUSTODIAN -BNY/RIV. CTY INV./CAMP
CITY-IOC/DEF COMP,TRUST,RESERVE -"102"
RDA-SUCCESOR/REGULAR INVESTMENTS-LAIF
RDA SUCCESSOR-IRC TRUST INVESTMENT PRINC[PAL/-RIV.CTNY [NV./CAMP
RDA SUCCESSOR/TRUST-("102° IN FD 703)
LIB-IOC/CHECKING,TRUST (FD 702)
OC-IOC/CHECKING,TRUST (FD 510)
DW-IOC/PETTY CASH/CASH REG (FD 520)
DW-lOC/REGULAR INVESTMENTS
DW-IOC/CHECKING,SAVINGS
PDREC-[OC/PETTY CASH/CASH REG.(FD 521)
PDREGIOC/CHECKING
HSG-IOC/PETTY CASH ONLY (FD 871)
HSG-IOC/PDHA CHECKING& RPM CHECING -UNION BK
HSG-INVEST-CAMP
HSG-lOC/LAIF-CAP.871-X-102-0201
Page 9
(653,699.19)
22,017,258.83
10,724,086.33
$ 3 9,444,240.72
49,669,538.29
107,659,881.11
41,545,582.63
17,002,999.66
3,390,366.84
107,884,740.65
17,000.00
7,783.77
432,430.58
259,918.13
1,800.00
3,626,027.86
0.01
11,483,063.17
CASH MAY 2014
CtTY OF PALM DESERT AND RDA SUCCESS4R AGENCY
STATEMENT OF CASH TRANSACTIONS
MAY 31, 2014 PERIOD #11
FY Z013-2014
TO'1`AL 1NAGTIVE
��
CITY
HSG AUTHORITY - FUND 871-X-101-0000
RDA SUCCESSOR AGENCY
PD LIBRARY
OFFICE COMPLEX
DESERT WILLOW
HOUSING ASSET FUND 873-X-101-0000
ACT[VE CASH IN CHECKING ACCOUNTS
CITY-PETTY CASH,CASH REGISTER
TOTAL ACTIVE
TOTAL ALL CASH
$ 342,981,132.70
$ (7,399,585.59)
$ 6,906,367.79
$ 2,409,969.73
$ -
$ 3,819,179.76
$ -
$ 10,724,086.33
16,460,018.02
3,050.00
$ 16,463,068.OZ
$ 359,444,200.72
NOTE: ABOVE IS THE FINAL STATEMENT OF CASH TRANSACTIONS, WHICH INCLUDES
ACTIVE CASH, INACTIVE CASH, AND CASH WITH FISCAL AGENTS.
Page 5
CASH MAY 2014
h-
r
V/ � �
W d � �
� � N N
Q� pci
a •-
�
po��
0
�aa
V
C7 >
i �
W
�Np
1�f
C
H
«A
wU
G �
�
O �
��
O
a
Y 4/
m �
I� aD OD aD O 1� NO
� fV N N O W
O N N N O c7 �y
O O O O O O �
� � �'- � � i �
� —
0
Y W W h �� �
. O
N O� N N� �
O
e-
N W � N N O pAp
� � W � � � n
C�pO O� O � C� GO �%
Of � � (�O O�D � 00
o m o m v�n o
� N N � � O �
Ol
O
N
O �
M
C 0
� I�
� i�
o�i
�
�
�
O
�
n
�
N
�
N
N
y� IM W �n N N O pnp nl �
������ � ^
� i oD O�i O � M �D �= l`1 n
�p a 10 �
O t�0 O���( p � Y�1
� (NV N O � O � � �
� N N
� O
W j � O�i � N � 1 O � �`1 �
a> � rn o�� ao � cv �
�o
o� o� v v�i o M �
� N N Y � O � � �
^ N N
�3
a�
�
>
C
� � N
� > > W
(7 ti � �
a W w � �
H �
� o � a �
w Q a Z ��
Q � O U Z
� O m ? � O C
w Q " C� � p �
_ Q
tn O J Q y in
Q��oW> >
U U� ��� C I
N C
O G1
F
UN �
c�
U �
m�
c
� C
� c N
�a �
' U
U
N,`�'.. .�
U a � 1-�
�
U
� Y
Y C
a
� a�
��
a�
N y
C �N
da
O —
C Q
7
� y
C 4%
t -
f0 7
m �
. N
�j O
a�
.. o
�a
EL
N�
> w
C yy
O .0
C a
N y
3
.�.. j
cc
��
r �
N �
� �
� �
a�
N a
Y C
O
C �
cv o
� o 0
� M V
N N
�
,n o 0
� '� N
� �` N
O .�-. y
��� �
C fp ,-V
��E O
E O '�O N
j � N
o x ' c.�
C� 'ur o ,-a
m d
'` d � W
o�a
e •- d
1 O� � N �6 "t"' � h
� � O O "' �
�n o �
co rn �y�
M Ol p � �
� n •N � O
O C O
N �. � O
�, � a
���
_��
3 � o
c
��.� �
� O � N
�a .. 7 �
� L �
U � _ ~
C C ,O
Vl C7
m � � �
� . .
c m � v'� a
<0 � Q N O
m O �° ° U
� �' «m. N � p
N p�o Q' E F- ' �
} m m ��
oi > � E .
.y
� y a�i ca_`m �
�U Q w fL- oa a
} 0
F- Q � r�i
U "
� a >
.O I �
� K g
o a �
a �
a
v
�
0
N
M
N
4
�
O
N
�
� �
O
O �o
Oo
�� o
� �
� �c
� m
o �
a �
d =
� �
m
� 'C N
� �G
a �
S A � .. ..
�� ^ ( �I
A�
o�
U� h N N N N � N N N
� M O O I O G I O � I O o I O
` �
r �
�
W � �
�,
W d � �
� � � O
� � , N
J ev tn r:
a o � �
o� o�
va�
O
a
� �
H
H A
L 0
�
a'
md
Ol ti
�p C
> A
Q m
m
N
�
c
m
�
>
C
a
N
�
�
n r
O O
O O
O � N
O �c}p aN
O 1� CD
G�D n T
O O
�A N
O �
C
O �
� r
N
N
W
A
O
N
O 7 N
�
O
o � �
� n �
0 0
N Uf
�
N
�
� �
� �
JO
�q"
3
�
�W
h
U �
J J y
a a m
a a Q
� � c
Q Q A �
_, U U �
� O
� a
0 y
�
a
2 �
� � �
w
a
Z
Q
�
F
w
� � �
N N
Uv}i v�i I
�N
N
O
� h
O� 01
O�1 O�ai
� N
f0 tD
fV N
N N
� N
� Of
� O�af
� N
(O tD
N N
� O�f�
W 0�7
� �
�N �o
N N
�
01
OI
OI
�
~ N
d'
W
�
w
0
� �
J �'
a ml
LL Q
}' C
r N
U �
0
a
�
h
a �
0
�
O
Z
O
J
� N
U v}i
�
N
O
N N
O Oa
� !�f
O O
l� 1(f
N N
� N
Oa O
l+f �
O O
N N
N N
O O
� �
0 0
N N
�
� �
Z �
� O
� �
O
� N
w
W
ZI
Uy
w O1
Q �
Q
U �
� q
J O
�
�
N
N
� �
W �
O `�'
� �
a
c
Z
O
m
LL �
• o
Q M
_J N
LL N
� N I
�
N
O
N N
N N
t�0 tm0
�D t0
O� O!'
a O
N
t�
t0
fD
V
N
N
�
W
O
N N
� H
!�O i�0
� �o
v a
�
N
1�'f
Yl
�
oi
�
� � '
A�
U >
Q
� �
Qc
A
Z J O
LL �
H N
2
W
� o
N N
W
>
z
}
U
z
W
Q o
J �
U N
�
O � I
� Q � r�i
m
U A �
m
o � >
�o i c
� � g
� � � � � r � � � � � � � � � � � � a � �
a
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 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"����8���������d��
m r� o 0 0 o rn o o�n o 0 o rn O
f� W O O O O O�O O O N O O I� � O O
�� NO O O O O V� O O� O O O� N O O
(7
� N c+1 O a0 � � Of
(7 paDp N � � a�D f0 �
tp M O O O O W O O N O O O 01 O
1� T O O O O O OD O O N O O f� � O O
�� �fV O O O C�� O O� O O� N O O
� N l'� O CO N � O)
M � N M � � � �
.- ro cn o 0 0 o rn o o�n o 0 o rn o
.- t� Of O O O O O aD O O N O O f� � O O
�� ON O O O O V� O O� O O� ry O O
ih
e- N ch O aD �!1 .- O)
C� � N � t�D 00 (�O t�
� ������ �� �� ��
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
O O O O O O O O O O O O O
n r� n r� � n � n n r� n r� r�
0 0 0 0 0 0 0 0 0 0 0 0 0
LL Il Ll LL lL LL LL LL LL lL LL lL lL LL lL LL LL LL
� � � � � � � � � � � � � � � � � �
N N fn fA tQ (A fn (n !q tq fq tq fq !q (n fn N fq
> > 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
r �-r rr> �>r r �� >�y � }>
� � � � � � � � � � � � � � � � � �
> > > 7 > > 7 7 > > 7 � � > > � � 7
fQn fQn f¢n fQn fQn fQn !Qn IQn fQn fQn NQ(an (an tQn fQn (Qn f¢n fQn
11] u] W W W W LLI W W W W W W W ul W W u]
� � � H F F�- F�- F�- � � � � � � � F � F
w w w w w w w w w w w w w w w w w w
c� c� c� c� c� c� c� c� c� c� c� c� c� c� c� c� c� c�
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
Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q
> > > > > > > > > > > > > > > > > >
O O❑ � o O � � o 0 0 � � o O o � �
f„ Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q
N
�
�
~ � � � r- � � � r- r � ►- � � � � r- � �
W O O N c`�'J O N O N O N M O
�O O O O O O O O O O O O O O O O O O
cn c� � i. n n ao ao w rn rn rn o 0 0 0.- �
� � v v� o a a v v v v �n u� �n �n
p rn rnrn rn rnrn o`i rnrn rn rnrn rn rnrn rn vv
a a0 a0 a0 OD aD aD aD a0 OD aD a0 aD aD [O CO c0 N N
� � � �.- .-- � � �'- '- .-� � � � � �-
0
U
O
(� r-�; r- ��� ��f- ��� ��f- �-��
� O O N f7 O N O N O N C� O
Q O O O O O O O O O O O O O O O O O O
LL r� c� n n n n ro ao ao rn rn rn o 0 0 0 �.-
� � v v v o v a� v v v u� v� �n �n
y o v
J rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn
J 00 W OD W 00 00 00 UD OD 00 40 QO dD 00 OD CD N N
W} r�>�� y r r� i i i> r i� i
3 !n fA !q (q !q fq fA (A N fn N N fA fn fn (q (q N
�
0
�
�
m
0
�
N ;� �
� « !
A A
a �
o=
«,
i.�
o�
v�
�u
�r
e
�
t
.
�
��
N
C
� y
� � �
W � � �
� � � O
� � , N
J tv vi �
ao�;
LL ._ Q c0
O� o�
v a° �
�
a
N w
�
L C
�
7
a
ma
pl t
� �
> �
Qa
a
N
�
U
�
N
�
F�-
W
�
�
a
�
0
U
0
�
�
LL
J
J
W
�
.- .- � �.- �.- .- �.- �.- � �.- .- �.- � � � � � � �.- �.- .- � �.- �.- �•-
0 0 0 0 0 0 0 0 0 0 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
000 0 00 0 00 0 00 000 0 00 0 00 0 00 0 00 0 00 0 00 oI
0 0 0 0 0 0 0 0 0 0 0 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 � ¢ � � � � ¢ ¢ � � � � � � � � � � � �
O O� O O O O t0 O> N O O O c7 O O � N) a1 O h O f�1 M O O O� O
� O O O O� O O O O oD O O O I� O Ol t0 �O O N O C'1 N O N O O N O
O O� O O O O M W �/7 O O O(� O O O fV O(O fV V O O G N (� O V O O 01 O
� � a�D M � N I� � O ! aND M �
a0 tn 0/ � .- � fV � I� aD
� � N O
N
O O) O� O O O f0 O) N O O O(7 O O �A C� 01 O I� O C7 t�1 O O O V O
O O N O O O O T O O O O W O O O t� O 01 f0 �O O N O c'� N O N O O N O
O O� O R O O O� �� O O O MO O O O N� O� O n O O C N t0 O V O O� O
o �n <o
N C7 a0 M e- � f� O � a0 M 1�
(p � Oj '- �� fV � I� OD
N r' N C
o rn o� o 0 o m rn N o 0 o r� o o in r� rn o n o c� c� o 0 o v o
O O N O O O O O7 O O O O dD O O O I� O 01 <O t0 O N O c7 N O N O O N O
c o 0 0 0 o vi ai ui o o c ri o c o cv o�c �i v o 0 0 �i <d o 0 0 oi o
a � r�Oi w r°Di_ � v°Di. n � o � �� � n
ac h� � .- � o o•- I� a�
N � �f' O
07 M f7 0� C7 ('7 t7 c7 c`� M C7 P7 /'7 l") f7 M t�1 C7 Pf M M
O O O O O O O O O O O O O o O O O O O O O
N�V N N N N N N N N N�`l 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 O O O O O O O O O O O
��� ����� �
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
IL LL lL lL LL LL LL LL lL LL LL lL LL LL LL. LL LL lL LL. LL lL lL LL LL LL LL LL LL LL LL LL LL lL lL
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
N tn !A fA fn tn fn N tn fA N(A fn fA fn N(n f0 fA fA !q tq (A N fn fn fA tn !q !q !n Iq !q fn
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
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 �>� y r r r> r>> r r� r r} r r> r r
� � � � � � � � � � � � � � � � � � � � � z � � � � � � � z � � � �
> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >
(QA (QA tQA !Qn NQ NQ (Qn (Qn (Qn fQA taA (Qn fQA fQn tQA fQq (Qn !QA fQA f¢n (Qn fQn fQA fQA tQn yQ!Qn fQn tQQ tan tQn tQA NQ NQ
W W W W W W W u] LL] W W W W W W W W ul W W W W W W u] W W W W W W W W W
� � � � 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 W W
i� c� c� C� c� c� i� i� c� c� c� c� i� i� c� c� c� :� i� c� c� c� c� c� c� G� c� c� c� c� :a 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
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
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 a a a a a Q a a a a a a a a
>» >» >>> >>> >>> >>> >» >>> >» >» >» >
Qaa °aa°a aaa aa¢ aaa °aaa aaa°¢aa a°a°Oa a¢¢ a°aa a
� � r- � � � � � � � � � � � r- r � � � � � � � � � � � r- ~ � � � � �
N M V in (O 1� 00 � O N(� � N(O OD 01 O N O M V O N l`') O N GO O � N
O O O O O O O O � •'- N N O O O O O O O O O O O O �
.- .- .-- � � � � � � � � � �.- � N N N N a0 a0 a0 CO W 00 00
��� '- n � n n o 0 0 o rn rn rn rn rn rn o�
v v o v v v o o v v v v o v o v v v v v o v v m oo m ao ao co 00
N N N N f� f� I� h ���7 �(1 tA u1 �
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 c7 fh lh c'7 l`7 (7 l7
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 N
H F!- F- F- I- I- F- H F F F� F� F- H H H F F� F- H h- F F!- 1- F� F� F� F H 1- 1- F�
N Nf p � (b 1� OD Of O N N1 V �<O W O� O N O c"1 V O N l") O (V 00 O.- N
o O O O O O O O.- .- � � � � � � � N N O O O O O O O O O O O O
� � � � �'- �- .- .- � � ��- .-- � � � � � N N N N 00 OD OD 00 a0 a0 OD
r� n � n o 0 0 o rn rn rn rn rn rn rn
v c v v v v v a v v v c v v v o v v v c v o o w w ao ao co ao ao
N N N N 1� I� 1� 1� �n N in in N� N
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 09 PI M c7 f") C') M
N N N N N N N N N N N N fV 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 fn !n fn (n (n fn fn N !n N tn !n (n fn fn tn fn !n (n fn fn !n !n fn fn fn
}}} }}} }}}>.}}}}}}y} }}}}}}}}}}}}}}} }
N(� (A fn !n N N fn N (n fn In N!n fA N Vl (n (n (n (n VJ (n tA tn t0 (A tn (n (n (A (n fn fA
h
�
�
V
Na
N
�
a
N
�
M
�
e
�
N
�
�
O
m
O1
d
a
�
�
�
9
�
�
h
� Q o
�
O �
o ai
� �
�o a
i
a
v
�
v
0
�
m
�
O
�
� �A
� y0
A
a �
O� �
�
r2 � f_ A N
f'�f � � �
} �) �
O O �
�'i Q �
L �
r �
�
N � �
W � � et
� � = O
� C � N
Q� y�
M
a o � ,,
��o o�
�a o
V O
a
��
�
��
Lo
�
a'
mm
��
��
> �
Q m
E:3
N
a
N
7
V
�
o�
0
N N
O O
OD W
O O
� n
� N
(V N
O O
[V N
O O
� �
O O
� N
(V N
O O
.- �
N
O
�
�
•�-
N
O
w
N
O
0
�
�;
O
n
h
� N
Z O
7 � ',
�
F
Z
W
�
F
� m
W �
Z �
_ m
>
W a
J
O C
O '0
a �
� b
W �
a' m
�
Nq
W �
� N
� �
� O
Z
�
�
U
W
G �
N N
L O
� �
� �
�
�
A
N
t0
�o
N
01
O
N
A
�
N
i0
WO
i N
I O>
I N
�
N
�
�
N
�
�
N
�
W
A
O
�
m
�
m
>
Q
�
c
m
9
0
�
� Q o
�
o �
0
ai
� �
a a
a
<D
a
0
�
�
m
O
K
v
m
rn
A
a
� m r- � .-
aV
R�
O�
�� o 0 0
� O O O
� O O O
q
4T
O
�
� A
� �
N
m °r � v
�
j °�' N �
Y � N N
8 °° �'
m " � �
v
r
� _
�
�
W d V �
� � N o
� N
�
C
Q � � M
a. o o �,
�• • �d
O� ��
� a a°
U
N �
L �
�
�
a
m d
rnu
�ac
A
Q m
a
a
N
V
� � �
.- �n a
oi tti e�i
� N N
� � �
M < �
v
��a
��M
� N N
� �
r�i v �
�
(7 M
� N
00
r r�
0 0
0
0
G
w a
� �
O
Z � N
� V W
i_'
� J J
W � U
tn V' Q
�LL
� O Q m
Q �' O A
a � f- A
,� � � m
oW� �
� w w m
� U 0 � Q
F-
Z
�
�
U
U
a
� `° � N
? m��
Y '" � '-
U
W
_
U
Y
a
m ��N
Q � M M
� � � �
��
N
!�'�/
O
lo
�
�
v
N
N
O
ri
r
�
M
N
�
a
N
N
0
�
�
h
�
N
N
�
m
N
0�1
a
v
N
�
m
�
>
v
c
�
t
w
A
U
9
0
�
� Q �
�
o �
- a
o i
LL
o a
a �
a
rn
a
�
v
0
N
�
�
0
�
�
U >
� W
N
tO
!�1
C
m
F
o—
�+ q
N V
G /O
�
O �
e .�
t
0
a
Y 41
m j
� _ �
d
� � �
O m � �
_ � � N
� � o M m
N •O � � A A
� �
� � �
=a
a°
� N �
O N N
N
O O Q
�-
�
\°
e
O o �
O
� o 0
0
�
� �
O �
O � M
0 0
�
v �
v
�
�
0
�
o�
O
fM
�
�
�
�
M
t0
O
/�i
�
� ���
o °O
O N
N
O Q
� �
� i�
Ol
Y
�
�
M
�
N
a
�
�
o>
O
M
v
�o
N
M
N
�
�
0
M
01
V
N
M
N
'-
a� o � � rn p
� � � M N M
�,�.; o e`r,; a
� 0�0 � N
� � � �
� �
�
m
�
>
c
:3
c
a�
L �
LL '
� g � I
N ^�.
O G1
f0 �
u y
`� �
��
c
_ a
Y T C
y C IO
L
�Q' U
3 �
w N�' a�
U a � F�- �
Hy
U
c
<o
iv
a
Y
C
f0
a
a�
co
Ny
U
A
i0
�
Q
tl)
a�
�
�
�
d
�
f0
E
m
�
'O
.>
O
a
a
� o �; Q
p o cU
o � > �
} N � LL
�g
O
N C�
lL �
� �; �
� �
m � O
%
� o
c � �
EU W
No z
>� �
. _ '° ti
C) f`') Of A U y
C (D O �. .
9 M M O � d
W N a O �
C N t? C .L..
� � f0 O
N E
M x
� N
� � w
� N
U C
C ,O
N @
�a
io 0
N 'p
— C �
N ,u�„
L �
C ' � �C
fi +' V1 N �
c m .a�
m o E c U
C1 a .d.r �
0
C N Q � V�1 �
`m � m � � c7
W � � v aL .
� > > � :c O c'o
HiU Q W F-f1 a
a��
=Qn�i
o -- ^
� ai >
o =
a � g
a �
i
a
�
�
O
N
�
�
4
a
O
N
�
O
� N
o �
o �
'� o
� �
01 �
�y o
G1 �
� �
m
�
m
a
�
� � �
_ �
N � �
1.6
� G� � d'
_ � � O
= c ' N
�9 M r:
Q M
� Q � A
Z .� Q �4
�� o�
= a° �
0
a
�I
�
M
�
«
c
d
�
�r
>
C
al
h
7
U
O O
O ( G
ti
N
O
O
ol o
0 0
I O
O
I �
0
O
G
0
0
� �
:�
O
�
d
z
w �
�
w
�
��
�
F-
tn Q
�
Q c
Q '°
U �
O
a
�
h
m
0
N
O
a �
� N
�
Uu}i �
N N
O I O
�
N
N
O
r �
.-
ri ai
� o
M M
� �
r
n A
O O
M M
� �
� �
m e
0 0
m �
v_ � I
�
o �
Z o
� M
�
Z �
w �
�
�
>
z
r
i �w
¢ >
J a
U �
O �0
J �
O
a
�
�
cn
0
N
O
0
LL �
g�
N
C
�
ai
0
1�f
�
r
r
�
O
VpI
V
�
e
0
�
�
�
�
�O
vi
rn
d
Q
�
c
A
�
O
�
2 Q m �
�
0
� n
�o � �
� a� �
d a �
d'
f
a
N
�
Q
O
�
�
m
�
O
�
N
�
�o
a
V�
F��
Y
s�
�
oA
�
�
�
�
�
��
��
H
m
�
�= L
d N
� C� V eF �
� � N p >
� � � N a"
_
�
Q � Q M
� � � �
Z • • �
�
� � �
O ��
= a d �o
7
a
m m
rnu
� �
A
Qm
� I
�
�
�
«
C
d
�
N
>
C
al
N
7
U
0 0
O O
O O
.- o
w o
N t�
n N
O M
� r
� �
M
� O
O� O
N t�
� N
o r�
� �
� m
�
rn o
N 1�
O M
vr°'i
�
��
N N
O O
n n
0 0
0
0
0
�
2
U �
W ]
2 �
U F-
S 2 y
Q Q A
A
2 2 m
N N �
> > �
O O
2 2 Q
� f0
O O
N h
N N
�
Z N tp
� O O
L N N
J N v}i
�
N
C
a�
0
Vl
01
a
eo
M
h
Ol
O
M
a
�o
M
N
0
vi
a
N
M
�
o�
0
�
a
�o
N
M
N
0
M
= a ,�
o �
�o
O LLI
a �
a
f
a
O�
N
�
Q
O
�
�
m
N
0
�
V
Z �''
W � Z+
t� C°'
G �
Q m � �
a/ �i r
� C � N
N cv H -
W � p '
c� ° �o �v
N � � �
a a° a
�
U= j
T P
w
M
€
� A
aU
A�
O�
Q O
e �
a°
Y W
m �
ad
f '
IN O^i � i N O O I^
N f�'1 O N O O N
O O O O /� O 0
� � � � � n � I�
I � .- � � N•- I 00
r O
� �
0
v�i, o u�i o rn rn p
' j N O � � N O
O
�
i rn � o�o � o � �
r
f7 f`� 01 O l`� �
� V 07 O oD
f0 N � O O �
Onf N f�0 O N On0 Q)
N (O f� O N � �
r N � N M �'
0
M
�
����o�
� � � � � �
ro N rn o 0
N (NO � O � �
n N � N �N,�
�
T
�
0
�
Oi
rn
ti
O
M
�
� I n
O N
N
O 0
� I�
� I�
O
a-
0
O
N
�
N
0
O
0
rn
N
v
N
N
N
A
O
O
N
N
M
�
�
�
N
�
0
0
N
N
M
M
�
A°/ rn�� m o� � o uf
7 � N
a� � � � � O W � O p
(O N � O O 01
.- o
N tN0 � O� v�i � V N
� N � N N P N N
n � M �
�
m
�
>
c
d' Z � j
� � LL � �
�
w�a w a f'
F-- � �
U� w v�i 2 O
a � � z z O
O � Q �, w U
m W � W Z � �
LL � W Q } LL �
- � �
J W Q V w J GI
� � U � W � C
N C
o �
�
m
u y
� �
c
�, �
Y >. C
y c �0
L U t
� U <0
o� U
L n c
M N .. .�
U a � ►��-
v
d
v_
.�
0
n
� c
w o
� A
N p
X�
m�
QU
o :?
ca
c 0
<v y
> >
� � 'Y
a`�o
da
V C V
. �
a •E m
� o�
E m
N V :N
� ° o
- a�
o :° �
� 1°
c a
N
' E � m
N � �
i�10�
rvN
� '- O
y N O
� .� �
��a°
� � N
a y, �
�=a
� U c
� o
w N � Y lV
�v o��
O c�o M a c�
� ,
� � o c o
� ��°
�_�
��o
N O � o
LL U yo �
y �
N U N Q
c N �"" N
� � cr1
O N �
C9 � C
mN�° W
�� � � z
,w;� �
rn rn oo N V�� �
C V O N E
� � � O O t0 �
w` �c <" � a N
� N � �H U �
C
� 1+f � p) lC
�- a Q �
M L O Q
� �-' N
N t y �
� y; � «
C N U
f0 Q N
�
�p � y.�-
U � C
.5�°a
C y N L
� � O C ...
� � �w�
'-° o u�
m" o a � c�
o> >` � a�i�a �
C N Q � � � �
I�p } Ql m � � >
W o� � � a d
N � V C �
''4 > > � r>m
1�-�U Q W F- w E
�
0
H
�
U
U
O
N
�
�
�
I�
a
� d � �
Q Q "oi
D ��
�
o a >
o ��
� � �
p a �
d a
�
O
N
M
N
V
�
N
� o
� P
� �
C �
� m
O �
�' c
� �
m
�
A
a
�.i C
r �
W � E
�
Q m � �t
� � C p
Q = � N
V� Ri N �
W � � M
O y �
U• ��
� � ,o
a a° °
�
� a°
��
�c
�
�
F��
Y
«�. a
O��
��
� d
N
y 'm''
N
t �
�
a'
rnu
�6 C
> �
Q m
m
�
�
#
C
m
�
C
a
h
�
U
CD CO CO OD f0 GD G(�D W CO O(�D OD
N N N N N N N N N NI N
0 0 0 0 o c o 0 0 0 0
I
N N�c� N N N f�V N N N
N N N N N N N N N N
O O O O O O O O C O
� O� t�0 O O W Y � GG O�f
Oi O O O O Oi W fV oD t0 10
00 �p aD f0 [O O c0 f0 Iff
(V aO l'7 I� CO O f7 C7 h 10
LL�Y O�i � r n cn0 M o�0 � N
�f7 fD ��!i [O V � N t0 �q
.- .�- 1�
� O N� O O�� � oD O�f
01 O O O O 01 01 N CO tD 10
00 <O a0 (O aD O a0 f0 �ff
cv ao c� n o� o � r� r �o
� N O^i O N n 1f !n0 W T
IA O> f0 I� h fD M OD f0 N
�n �o � u� <c v � u� <c vi
� � �
^o<n ao rn rn t� ao �� m
O LL� t0 O O OI �
W O O O O� Ol N OD t0
ao �o m ro o0 o m m
N 00 M h OD O C7 l") 1� i0
� W f�0 � n f�0_ M 0�0. (�O N
� <d � in m v ��n � n
m
M
Np
�f
�
z � � � � � � � � �
W w W W W W W W W W
fn !n (n (n N !n fn N (A (n
W W W W W W W W W W
0 O O 0 O O � � � O
��� ������� �,
Q Q Q Q Q G Q Q Q Q L°
a a a a a a a a a a �
IL lL LL LL LL lL W LL LL LL a
O} 0}0} O 0}0 O} 00} O},o
F- F F� F� F� F F N
U U U U U U U U U U �
0
a
�
N
0
O N f7 a N I� 00 O1 O
W�� o � o 0 0 0 0 0
Or� cn c� in in cn �n co c� c�
Cf C7 M f`� C7 P7 C7 C7 f`� f")
����������
�
a
C
IZ
O
m
LL O O O O� O O O O O
Q (��f /��'7 M 07 l`�') f�7 M M M l`��
J N N N N N N N N N N
LL y f� y f� N(A N f� y N
3 r'n v}i u}i v}i ai �'n c}n �'n v}i u}i �
� M
O ( G
I �
Q I
n
M
O
� �
N N
V V
�O �
fV N
O O
O I O
n
O
O
W O�D
M �f
N N
(�O t�0
n A
� O W �
� eN- N N
N N f�0 t�D
f0 10 f� n
N N
� �
N N
m �e
N N
ro a
�
N �
(O t0
n n
m
N
10
tN0
Z N
�
�
2
W
� �
W �
2 �
o Q
W
J
0 �
a �
0
a' f�
�
� O
r
� N
� a
z
�
O
U
0 O
�N
�n
u, �
�
� � i
n
O
N ,
�
n
a
�
0
�
J
o° �
a m
a Q
� �
Q �
U �
a
�
N
� �
: ;
i �
�
� }
� �
N N
OI O
�
�
N
O
(�O t�D
Oi Oi
� O�1
O O
O O
n n
.-- �
� t�D
� Of
� �
N N
O O
� �
� �
� �
0�1 0�1
O O
� �
�
w
OI
O
A
N m
o °
� >
Q
� �
Q A
Z J �
7 �
LL y
H
Z
W
�
H g
i `°
z
�
U
2
W
�
Q
U �
�
� � I
rn
N
a
0
rn
O
0 0
O I O
Ni vi
N N
�n I N
N N
O
O
M
O O
O O
O O
� N
N N
O
O
�
N
O
Op
O
N
N
0
O
O
�I
N
0
O
N
N
0
O
N
f�1
0
c''
g
O
N
N
�
W
�
W
�
i m
J �
aa�`�
LL Q
F 9
c
m
U �
� o
a
� y
�
a
H �
o �
z
W
a
w
O
Z
} �
� �
W o
Z
W N I
� d � �
� a ^ �
� m
o � >
'O 1 L
0 0 0 0 0 0 � a �
O O O O O O �
O O O O O O a �
0 0 o c o o a,
Q Q Q Q Q Q
N O O O O N
�- O O O O OD
N �
N O O O O N
N O O O O �
n o 0 0 o n
N O O O O N
N O O O O �
(h P1 M f7
N N N N
O O O O
n r n �
0 0 0 0
� � � � � �
� � � � � �
y � � � y N
� 7 7 > > >
J J J J J J
aa a a a a
� � � � � �
> > > 7 7 �
W W LL7 LL] W W
d' 2 d' G.' a' �'
�i- �' �� �
W W W W W W
a a¢ a a a
f- F- F- H f- F-
2 2 Z Z Z 2
> > > > > >
Q Q ¢ Q Q Q
H
N
�
�
~ 1- F- F� f- F F-
� O O O O O O
N N N N N
N N � � N
O o 0 0 0 0 0
O� � O) � O1 �
a �� ��� �
�
O
V
O
C7 rt- t- �� �
Qpp c� � �Op o
N N N N N �
LL � h � � N
� O O O O O O
rn rn rn rn rn rn
J� � � � � �
W i� (A tn fq fq N
3 �� ��� �
a
�
Q
�
�
�
�
O
�
N ,C .
� qi
a �
V�
��
��
s;
�.�
o?
�
;
:
��
��
�
U c
Z +� �
W � �
Qa�i � a
� � � O
� = r N
N e0 u� �
W � � M
O d �
U• ��
U p
� � ,O
a a° �
� a°
N �
L �
�
�
a
mi
rn�
Ai
> �
Q �
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 o c o 0 0 0 0 0 0 0 0 0 0 o c o 0 0 0 0 0 0 0 o c o 0
.- � �.- � � .- � � � � � � �.- �.- � �.- � �'- � r- � � .- � �'- �.- � �.-
������������a�����a�2Q��������������
l'7 O O O O O f0 � O O i(1 1� O N M O O O h O O O O N'- O O�f1 f0 O O N fV
O O O O O O O�- M O O c7 <D O O � O O O t0 O O O f0 O.- N O Ol O V O O Of (h
O O O O O O O� O O O� N O O � N O O O N O O O O N M 7 O O O N O O M O
� N O � n
N �
lh O O O O O(O N O O� 1� O N l`7 O O O I� O O O O N•-' O O� aD O O N N
O O O O O O O � c7 O O f�1 tD O O � O O O t0 O O O (O O � N O W O< O O O� l"7
O O O O O O O O O O C7 OD O O N M O O O� O O O �f N("> V' O � O N O O M O
M •- N N Q N in r
N �
�
�
�
�
�
W
�
O
a
�
�
U
�
�
Q
�
J
W
3
07 O O O O O(O � O O� f� O N P1 O O O f� O O O O N.- O O�L7 00 O O N N
O O O O O O O.- (�1 O O C� (O O O �•- O O O(O O O O �O O � N O 01 O a O O O> l"1
O O O O O O O� O O O� � O O � N O O O�f7 O O O'O N o'1 V O � O N O O(� O
� N O �? n
N �
f`7 C7 ('1 M l�7 C7 f7 Nf l'7 M (7 ['7 C7 M M C7 C7 M O f7 M M /h ('7 (�7 [7
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
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
� n n n n � n `n � n r� � r� n � � r � �n r� `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
lL LL LL LL lL LL lL lL tL LL LL LL LL lL LL LL LL lL IY LL LL lL LL LL LL LL LL LL LL LL LL LL lL LL. LL LL
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
fn tn (n !n fn (n fn fn N (n fn tn N!n tn tA (n tn tn fn tn !n N tn N(n fA fn fn fn fn fA !n fn tn tn
> > � > > > 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>� �> y> r r� r> r r>> r� r r r r r r r� r r�� r r r r� y
z � � � � � � � z � � � � � � � � � � � � � � z � � � � � � � � � � � �
> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >
NQ fQn fQn fQn fQn fQn tQn (Qn fQn NQ fQA tQn fQn tQn (Qn (QA lQn tQn IQn (Qn fQn (Qn !Qn fQn tQn NQ(Qn fQn tQn fQA IQn fQn (Qn tQn tQn fQn
�.l W W W u] W W li] u] W W ul W W W W W W W L� W W W til W W W u] W W W W W W W W
� d' d' d' � � K � � a' d' � d' � � � � � � � � � d' � � � a' � � � � � � � a' �
H H F- H H F- F- F- H H F- H F H F- t- H F- f- H H F- F- F- F H F- F- H F- F- F- h- F- E- 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
(� (7 (7 C� U C7 C� C� (� (� U C� C� C7 U C� C� U U C� C7 C7 C� C7 C� (7 (7 U C� C� (7 U U C� C7 C�
¢ 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
r � F- t- � � f- f- � E- r f- �- � f- � � � �- r �- � r- f- F- � � F- r- � � � f- t- � �
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
Q¢ a a¢¢¢¢ a a¢¢ a¢ a¢ a¢¢ a a¢¢¢ a a¢¢ a a a¢ a a¢ a
>» >» >» >» >» >» >>> >» >» >» >>> >»
aaa °aaa °aa°a aaa° aaa aaa aa°a°a¢¢ aa°a aa°°a aaa a°°aa
� �� � ~� � �� � �� � �� � �~ � �� � �� � �� � �� � �~ � ��
N l'%) O N c'� O N C7 V O lh t0 O N c") �7 N f� N O N ch O N l'7 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� o 0 0 0 0 0
� �A � �n t0 t0 �O a0 oD aO a0 Oi 0) O� O� N cV N N N c� M c+1 fh c'7 iA tn �A �(O t0
,�i ,c`� ,� ,n u� �n u> �i �n v� `�i �n �n in �n �n �n �n u� �n o 0 0 0 0 0 0 0 0 o n r � 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
m rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn o 0 0 0 0 0
ao ca ao ao ao ao ao 0o w w oo ao ro ao m oo ao ao ao ao eo ro ro m ao ao 0o ro m ao 0 0 0 0 0 0
� � �.- � � � �.- � � �.- � � �.- .- � � �.- .- � � � �.- .- � N N N N N N
��� �r;� ��r-��� ��� �r-� ��� ��� �� �r-r-��� r-r-r-
N M O N [� O N l"1 O c") 10 O N M O N f7 Kf O N M a O N M 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
���� tn h tn f0 t0 (O �O t0 OD GD GD a0 01 � O> 01 N N N N N C7 (� C7 (7 M �A N N N t0 f0
�n �n ��n v� �n �n �n �n �n �n �n �n v� v> �n �n o 0 0 0 0 0 0 0 o a r n r 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
m rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn m rn rn rn rn w rn rn rn rn rn rn rn o 0 0p 0 0 0
� 00 m a� a4 m oD m o� m aD m aD aD aD aD t0 OD a0 a0 W W aD W a0 a0 c0 a0 a0 CD N N N N N N
fn fn fn fn fn (n (n fn (n !n (n fn !n N!n V1 fn fn VJ fn fn !n fn tn (n !n (n fn (n (n !7 !n N !n !n (n
� h N N� N N N N� N N f} N�(}/1 V!q �!}q f}A l}q N U !}q !}p N(}h (}/1 ��(}A V�!}/3 (}
0
O Q A
� �
o a�
� �
d a
O
�
0
0
�
m
�
�
� �.
�
� ��
a �
U�
��
�r
o=
i�
G'
�
i
<
<
7
��
9�
H
U C
� �
W d E
� E N
Q G> ; �
� � C p
O C � N
N c4 tn �
W � � M
O y �
(� .p � �
aa o
0 Q
oC a
N '�
�
L �
�
7
a
�m
��
e�
R
am
�
m
N
�
�
d
E
m
>
C
a
�
�
U
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
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 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 o c o 0 0 0 o c o 0 0 0 0 0 0 0
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
m�o ao m�a m m m m ao ao m m co m m�o �a aa m m m m m m m m ao m m m m co m m m
� �� � �� � �� � �� � Q�� � �� � �� � �� Q �� � �� � �� � ��
O O N !O O W � OD O O 01 ch O O O I� O y N M O O� c`') W �p O N O
O O< f� O O t0 I� O O l7 O O O f0 I� O O O � CO O(O OD N O O O N N O O N O
O O fD N 10 O h 01 O O O OD f0 O� aO fD O O O� l'� O t0 O O O O O h atpD N O O I� O
O � Q Oi (D N iA � aO O lh � tN (O a
Y W N � � W O
N � � n � �
pp M N n
� �
O O N (O O Of � 00 O O � c7 O O O P O� N l'1 O O R M Of f0 O�(1 O
O O< C7 O O (O I� O O C7 O O O �O 1� O O O � 00 O OD N O O O N N O O N O
O O(O N f0 O fs�� W O O O a0 t0 O V OO !O O O O T M O�D O O O O O f� m N O O f� O
a �� O� N� V ONi � � O O f") � v�i c��f V
N � � � � �
pp M N n
f0 �
O O� f0 O Of N OD O O Oi M O O O f� O V N f") O O� C�/ � t0 O N O
0 o v r> o o � ro r o o co 0 0 o m � o 0 0.- ao o m OD N O O O N � N O O N O
O O(O (V t0 G h � O O O GC (O G� CO (O O O O O> FI O t0 O O O O O 1� GO fV O O I� O
� �� � N � Y T� � O O C� .— � M O
rn f0 t0 t0 t� h
� M N r- n
� �
�� ��� ��� �� ��� � ��� ��� �
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 �V N
O O O O O O O O O O O O O O O O O O O O O
r� � � n n r� 'n n � � n � � r� `n n r� n � r� n
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
lL lL LL IL LL. LL LL lL LL LL LL LL LL LL lL LL LL LL LL LL lL lJ. lL LL LL LL LL LL LL LL. LL LL LL LL tL IL
i�� ��� i�i ��i i�� ��i ��i g�� �ii i�i i�� ���
In fn (n !n fn (n tn fn fn tn fn (n tn tn fn N N tn !n fn fn (7 fn (n tA tn (n fn !n ln fn fn fn fn fn fn
� 7 7 7 > > � � 7 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
d 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 rr �>r >>r y�-�- rr� r�� tr> � rr rrr �rr rrr
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � z � � � � �
> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > >
fQn (Qn fQn !Qn fQn (Qn fQn NQ fQn fQn fQn fQn fQn fQn lQn fQn fQn (Qn !Qn (Qn fQn NQ(Qn fQn fQn !Qn fQn (Qn fQn (Qn !Qn fQ7 fQn (an !Qn fQn
W u] W W ul W W W W W W u] ul W W W W W u] W u] W W LL] W W W W W u] W W LLl W W W
K � d' � 0.' � � a' a' � d' d' d' � � � a' � � � d' � � � � a' a' � d' � � � � � � �
F- F- k- F- F- F- F� H F H F- F- F- F- F- N H H F- i- I- V- F- F- F- F H I- H H f- F- i- H 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 W W W W
(7 C7 U(7 (7 U(7 U C7 C� C7 (.� U(7 (� U C� C� C� C� C7 C� U C� U U C� C� C7 C� C� C� C7 U U 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
� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �
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 a a a a a a a¢ a a a a a¢ a a a
>» >» >» >» >>> >» >» >>> >» >>> >» >»
°¢¢°a aO°aa a¢a aaa aa°a °aaa aaa aa°¢ aaa aa°¢ ¢aa Q°a°a
� �� � �� � �� � �� � �� � �� � �� � �� � �� � �� � �� � ��
N M O N M O N l�7 O N (7 O N M V' O N c`� O N P') O N l�7 t0
0 0 0 0 0 0$ o 0 0 0� o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o g o 0 0 0� o
1D f0 O� O> 07 Qi G1 1+7 lh f� c'� l+7 pa �A �f7 N�A � tD <O �D �pp aD a0 a0 W aD N N N N N N
O O(� M M M M O O O O O O�� � O O O O O O O O O O O O O O �� m M��
O O N N N N N c7 M t� f7 (7 c+f c�7 ('� ch (7 C7 M(h l'7 l'7 M 17 f7 C� lh fh f7 fh W� O� 0/ O� T
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
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 N N N
F- F- F- F- F- F- F� i- F� F� F- F- h- F- i- F H H H H F H F F H H F- H H F- H f- 1- F� H F�
N M O N C7 O N l'7 e� O N [7 O N[7 O N ("1 O N f� O N e�7 �p
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
n n v°'i u�i � u°'i � o 0 0 0 0 ��� � o 0 0 0 0 0 0 0 0 0 0 0 0 0 � rNi rNi rNi rNi rNi
0 o co r> r> cn r� o 0 0 0 0 0 0 0 0 o a o 0 0 0 0 0 0 0 0 0 0 0
O O(V N N N N ch c�7 c`� [7 M M ch f� C� th (7 M M c'� C7 C7 c+1 th th c'� th (h c'� rn W� Of O) O)
O O O O O O O O O O O O O O O O O O O O p O O O Q O O O O Q C Q O Q O
N N N N N N N iV iV 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
i i r r r r r i i}} r � i y r i� y r r>>�� r r �� i r� r i} i
V1 VS U3 fn !n !n VS 43 VJ V1 VS tn VJ ln V! Vi (n VJ (n V1 V1 (n V1 (n V1 UY Vi (A V1 (n N(n (n !n ln (n
�a�
o a �
� �
o a
� �i
a a
O
1D
v
0
�
�
m
0
�
a
m
�
�
a
��
�a
�
�
V �
��
��
g� A
W q
��
p
O
�
� �
�
H
m
7
N
i
Y
8
m
�
H
i
m
�
� �
U c
Z = �
W d �F.
C� � �n
Q G� � � �
� p� _ '- >"
� o
O C � N a'
W��M i
O � C�
U •Q � G
� � .o
� a � ��
� a
a'
mm
��
a=
>q
am
3Iw
#
C
d
�
>
c
al
N
�
v
O O O O O O
O O O O O O
0 0 0 0 0 0
mlQ mfq Af� c�oQ �foQ I
Q Q Q Q Q'
OD Of O O O
.- � O O N
.- a0 O O P
(O O
� �
�
�
f0
b
Nf
W
0
�
�
N
M
aO W O O O P
� < O O in t0
� a0 O O h t�f
t0 O OD
� �n o
� ��
� M
ao rn o 0 o n
� v o o in ro
� ao c o � ai
`� � o
� �
� M
�� �
00 0
N N N
O O O
0 0 0
�
�
l�. lL LL LL LL
i i � � i �
��iii �i
� � � � � �
7 > > > > o
J J J J J M
� a a a a
�- �- > r >
� z � z �
> > > > >
fQn fQn NQ fQn fQn
W LL] W W W
� � � a' �
F H F H H m
(� C7 C7 (7 C� �°
F H F F � >
z Z Z z Z a
> > > > > �
O o 0 0 o A
F, Q Q Q Q Q �
� a
� �
� N
F H H H H
� O O O O
N N N h �
N N N � h
O r� n n. n n
m rn rn rn rn
a o 0 0 0 0
N N N N N
� H H F F H
O � (V C7 V
O O O O O
N � � � N
N � N � N
Onl rn rn W �
O O O � O
(V N N N N
N tA !n (n (n
} } } } }
N fn (n !A (A
N
N
0
0
�
n
0
�
OI
�
O
M
�
^
O
ai
n
M
�
�
0
�
a
�
�
�
�0p
N
�
a
�
O�
m
Q
v
c
A
9
0
�
�a�
oa^
� �
o a
LLI
O
o a
a a
O
�
O
O
�
�
�
N
O
�
�
m
�
N
a
U� ^
� M O N
N
o �
$ � � � o
v
cA
�
�
�
�
f
9�
�
�
U
Z � t
W � N
eo
Q d U �
� � N O
� N
C a�
�
� c � M
V o o �
�� ��
Qaa
�
�
a
d�
��
t 0
�
a'
mm
rnu
�O c
m
Qm
`m
a
�
c
m
�
N
GI
C I
al
N
�
v
0
O
O
O�
N
�
N
O
O
O
O�
N
Y
N
O
O
rn
N
a
N
0
0
0
}
U
Z
W
�
Q
d'
O
�n m
� �
w �
U q
U q
7 m
N m
Q N
0 m
� � Q
�"'
Z
�
�
U
U
Q
�
Z p�p
Y �
U
W
2
U
Y
Z
m
Z N
0 �
z �
� �
w
N
A
O
O
N
N
l�l
�'1
h
N
no
O
N
�
N
�'1
�
N
A
0
N'
N
M
�
�
0
`�
�
m
a
o;
�
�
c
�
�
>
C
V
N
L
N
A
U
9
�
0
Q Q A
�
� �
o a
- �
0 LL
o a
n. a
0
�
0
0
C
�
m
�
0
�