HomeMy WebLinkAbout1994-09-20; City Council; 12868; REPORT ON CITY INVESTMENTS AS OF AUGUST 31, 1994<,:2 /79a
PyY OF CARLSBAD - AGWDA BILL -
AB # /<Rkf
DEPT. TRS
AS OF AUGUST 31,1994 MTG. 9/20/94
TITLE: REPORT ON CITY INVESTMENTS
RECOMMENDED ACTlONr
Accept and file report
0 9
eL c
a.
ITEM EXPLANATION:
State law requires the City Treasurer to report to the City Council on a monthly basis the status of the City’s investment portfolio. This report is presented to Council each month on investments held.
In summary, the City’s investment portfolio as of August 31, 1994 is as follows:
Current Month Last Month
Cost of Investments 11 6,051,448 1 15,540,103
Market Value 11 6,335,685 1 15,281,855
Cash Income Fiscal Year-to-Date 1,380,640 71 4,742
Average Yield 5.91 % 5.95%
Average Life 1.56 years 1.64 years
All investments have been made in accordance with the City’s investment policy adopted
January 2, 1985, last revised January 26, 1993, and last reviewed January 25, 1994.
When held to maturity the above investments will yield $20,363,752 in interest income.
EXHIBIT: <
z 0 5
6
8
a
z 3
1. Investment Reports (4)
I i
0 0
-8 t
z
*a
0
C 0
L .- 2
a, x .-
(1) u) 25 $5 az
(0 c 2. 5 06 55
d a, c
FY I- o 3 (3 2 LL 0 o a 0
B k B
6 F iil 2 n i% Y
8
iz
i
I-
U
LL 0
0
9 w 2- W ; W
2
f n
W- H 0 0 z
I
0
W-
2
3 $ g 2
i
aa, i!j
22.
3s
C
0>
W 3 3 t
a
Y U
H
5 C s
" 5 Ct
s S 3
f w
!i 0
0 I
I
0 I
I
I
I 0
b 8 & 5 B 2 U
r,
m $1 A.
I- 4 0
.o/ L Ct
s
8
5
C
4- C E
0
N(D0 mom $V?dGGe$I$
~cnabo
LDIo(Pv0LDLD c9kkCqT SI 6
$%FYZ 0
oooka, I I 1m-?
I I Ik%mcu 0Jp-
am - rn -
Nd.0
I I '9 N t a- a-
1 I ":?X
aa,mZSg% Ooralr+ a,
?dm ?? F
6 6
E - $ h 2
a, N x N m-
w. m
m m 9 G *- co cu
m 0 a- * 0 rc z
m ? r-- r *- 7
a N 4 7 z
m 00
m
*-
'9
M
!? -
-mommom
I I 9 *- - -r-r-ow *m+xq:
oowmmm
Nm-b I I b- m- m- N- N 0 0- *
"tm Z? 7
I
I 0 I
7
0 I
I 0 I
I
7
7- 9
r-- * (0
(u
l-
a
a,-
u?
0
7
r-
;
m d
a, a,
r--
*- E
m 0 a- d 0 k 0
l-
m ? 5 9 F \ - co l-
a
f Gi 0-
d
(D l-
a, u) m L z P
I
E .- rn
3 0 U
7J
B
1
= m
:
-I 0 u)
P) >
0 B .-
a, agy u) !Si5 3 2
jlpSbE$g:$80 I- *
e 0
W
t- B
Z:LL EO -x zb
2r >z
7 $2 25
8; L?z
a4 k;
2m iie
OF Aa
>% 23 02 sz 28
:g
OB $3 YE
az
2 P ae
<It b??
: >I1 1077 IQ
m/
2 4 >I1 m77 P
7
;
s
> "I1 zoo XI1
21 0 n t- 2
0 I
I 0 I
0 I
I
I 0 I
a 0
~g~rn-zl g z
zg%gz%z
,,",&
$Tzk gs;;
!!LeF
"7N" Y"
7
mwo (0010 9 m- ". mcom
z "- %zz&&Ag
-520'1 11%
(D ; 5i m- *
:
i% 0
b- 01 -
ul b 2 E CU- " 0 I
I 0 I
I
0 I
I
v) cu z a) 9: m cu
NcoOmm "EOOJO 2;: * CU1:8hs?g 25
wzbz-mm 52!z -10
K t- $ z 0
LL. S
B
$ w
A 0 B c z 2 0 0
I? s e
$$?I
ae
NO F 0
* $S "e 0
g $jz
"P ae g
Y s e ae
&
B 7
L 2 3 0 8s naz
zzg +Yg 63% $;9
zi$
till8
zcl
wzz
&rnI
0" I K'fSJ dl-0 OZO
0 la "nC
>-
I wz ?gg
cna Ep. 800 &$ #9
E:;
@BO IlL0
ma2 Ill
t-IJ-0
W cn
ZIT 0
aw +n
t0J moa
OYZ
wz= ZaO +mu
($2
23 WKW
Ill e38
0
0
..
t, r
- -
0 0
FUNB S~URCE REPORT
Due to accountants’ involvement with fiscal year-end closings, the Fund Source
report for both July and August will not be available until mid-September and
will be included with the September 30th report to Council.
y(
:@ i i ,
i ;ai ;
E$ L 4.
-
:; 5
:E cn u * \- :lA ' ,z m 1
,I &*I
i 2:!t
.-
IT 0 SI ,= a,c
i - ,'
.h n U D 4 e'> -3 -I+ P. CD 3. ;\;.I? * .c.!9 U =:y -4 a:* 9 Sri
+I 3 n * It = U = 6:~ d II R z 313 \ 3.5 I) 3:s n r'a % a! x) + .c1 c N r u 5 >,E E E;N -A:= r s'5u 3 -II*; N 9.3 3 NI
r, n +l + *'+ r( +'A r, r,\- z -14 + - + r( +lr( 4 M!
'= m A:= a .a:u 3 a\+ = = a .c 3 + - =!a -J q!> = \sfi = 31 !a .R aia ? *!- > AI^ 3 '1: ! "z m ala k e;= a zy. =: 3 .......... .i. . ...... ./' .. .I, ...
A r a'= C) n~q w nI+ 3 =lo .x ml+ D >la v u a a 3.10 r) a
1: T: '0.i~ y ?::9 k 3 * o >!o r 91+ N \io h .\ix 3 .ti* 3 o !9 ip N:= 3 m!* 4 hie 3 zi.3 I> >i+ 3 AIJ &mu/p = -:A a a .... ..I ......... LI ,. ... - .. .............. L.
I 11 ii/ll! i \
I 0 n .> .c E := 6 P'C N 1 ND,>E..II;~~~.V+ z ->cara==p ..CEPSIX-\I
I .?I 1 i -1 r I
$ , 54\34?f.\\AT LL? Z.h*h*hQ5Ud u i- i+*+w+ e 1-d -I" -
i i I .==a q >:=.a 113 .c 1 a=;=~yai=aam~ ~m .s===z=~\- '>'323\GyX.-
r, ..... .I. ..... ;= :. ........ -i . o=l~a3u:3aotn\ \.?=3u*>?J? =I-'a*=:=a-NC ;; :u-r==J*>>=-
z z 1 =3~?."1?:i?.=1.3~.?. g ?..?.??.?.?.5?.: .. , .D=.3=GIaE'E&tU .. =*,:9,>.p==x> 9 I u=~~P~\""LP.;F ;Q I.921mp.C=>\ 3 i ~o;~=.~SJ~~>~X 9 y-=aa~y~> al .................. * .............. , v) n c' d 11 m:.n a r'n c +I\ m +:m .p N/.C u uiu 3 rrrb 9 ~'OL e a/ : :y :a u cy!% s 3 a r( m;rl Ir\ +!cy 3 -I* m am cy aim cy 3;cv sal Q a 8 ,9 j. aim A > % 3 RS.R A ~'n 3 Q!u.* C~N u SI~E s D.D 3 >
- - -.
........ .. ... L . ..I ... ..! .. .. ... .. ...... 4 .. ..I ...... .. .. LI -
' -1 !> .X uia zu .N,+ 4 NJ+ 4 +id z A'+ 3 uim r, 44 4 41- r( rl !! 1 / j i i 11 i.1! I +r>a+4uQ;rr+ 'e. .+zr,*r,a+" $1 1 1 LPI dj
I 1 !
L:
:c) * nia = -:u % a/+ a N!= a *I+ rr, -'= r\ U'P J %I*\ rn J/ ,n rn a1.a a ;n, n h hi* a 9,~) u A'* ,D 5'3 or dim 3 3 n 3 LO ............ .!. . .!. ..... .I. ..... .I
U~~Q.X.(~~O~Q Ua'a99.?=v!au 9 ?=3a+ay\- s*Ic)=on9yuL- . .!. ......... D .........
e @*3'aaq,33*iDp * \zfOJ*,y>Lr 2 1 ?,s.~.?.?.~,".".,?..?, j \=zau,\rq>
$1
9 mrllvn3.mQ~F\s. rrQ=fQl**h.r ...... .j. ....
M o a rl:3 3 m rl d nii p, i;s i n+ o p'a 2 pis, o ph rr ni
5 'd .a :a =:2 3 h cy 9 NIP 3 ~!n .+ hi9 8\ %'o Q .>I* 3 AS% m IP! rrc~?r~~rr,~rn9nl~~""o.eolsnnl~uorr\:nanli>:~~, ............... c .. ........... .: .. c ..I ..... L .. L' - - U~~DP~UNN=~~~~~-E=~U~~.E~~.D)~O~~~O~ z D*a~\>=ip,NU~U03hUNCNUaE~.=3== m N m n .a 4 r, = + ;n, rl n rn rl *r\ m p,m .X Lau..~ N rr, N rh rn. -
M
.. ......... 3 , A.Na'fiP.)uRQmu .BQ>~-.+IF.E\D *- \U.PP$:\PC.' u, U rl z.3UN*NN 2 ?In 9rlN3
rl ?- 3; .x
z ~xxxxxxxxx~xxxxxxxxxxx~xxxx xxxxxxxxxx xxg_xxx_x_x!
zu9>'fi*.ggl y+ ~g~0a=U=a~-?a~.~.aa:>a1~a.=a~a9~ x , ~=a=a=aaz= x =z-~==---. 3- ~mm~a~UuU.~?ax~~d~.~~U~o=~~~.~ls\ Q . *~qaqU==*.>a FI =r=.==hp=* iQ ' m~**,\31N*.33A~rla~rrr,X.>~U.~4M:>=,a 3. 9Lh.*\Ornlplr\>F."I3 N
wz Y m~m~Dmn~aUnd9~aR$'P~Um~m9m99' . ' oVaUmCCC9'P. - GDP31\pL'E.C.q
R 0
SE 'fi
.......................... .......... ......
=a3a====jaa9a=,~===a.>~==.~a.~~ E~~~==EI~;~~=~C)=R.~.~=~.N~P=~=\SI .? ........................... r lnn=a=3=.*=:~ s=r)===a==z
n .......... 9 E
=3 4 a
U
h 9
,N
c
..
d
===x===== I====Z==z ........ =35=.=====z -5==-*r*2 su~au;\.\u. ..........
-
r~ ~=N===~~,E=~>E~UME~.I~D>.C~>~.~M A- ~=P.3==,>a1~~..>3=m~~\=Orlm~=rn'~n.~ .x3 ~~=~~~O.~~~E~~U~A.NUI=ZU*.P~~P~U~ J22 >E 9~a===~nng~=.n+99~==h~\s~*~;nm zx h.~=,=i~>=~.>r=2>~~r==7~>=~~>> - ~ri=a==>=,~,3~,=~r~3~\ao~>x>or~,r
....... ....... .............. ". .............e..
........... ...... - r(.XUSNN z* rl Y 4ls\Nri -
?
$ CP P
-
x
rl
==ada=aaay ~=n\=~a~r-r
-. n.fia\sNrUn*.o .\ U.>.nr>\A=3a E e\*>\,>>*>=
= ~~.~,a~'~.~,:~.~,.?,m~
:h ... * ..
=9=3\**>: - -5==>*.ur: =1=3y.=x=:
..
+*+A 39-r
,.., c ..I ..
drl m z
U d
JJ. - Z
.E
x
L -
f 2 -
4 3fi ,? ~9Q E,,
5 d:J ; e >>A\ X ,333 \JJ *\\+a \U:9\\\ -3.n 5 JJ Q u ~i~p\r, %>T~PJN.UP\QX 4 XI: J 3. \*+Ir\\'A I\.>U?r>>*dJ q. ;? 5 s N+dJ LJ'F+-+-+w3Q QQ J \ m\\ UJiJ'EPi\\\\ JJ - \ 1WQZI\ \ 1.3 0 1 a? t 3 .+JJL)LJJ AJJ QZZ \ ~A~QJJ~~~JJJ~D I I
z $3 Ti I + DX QXLLI+XQ~+J~> 233I+X?d "XL<ZZ
I ZZPE i ~JJn~I13~111~~11
n 'Pl\\.o3 dL\ nzJ>s.y.>I 1.35' > > 'r\> l\ t~raxrrr >> '*\PE\E5S\ I >apr:93.\\1 5 \nnr NN>>>nP Il* ,\\:23\\\3..>\\
d\*z\D-+\> \>.o \\\E \\\HA\\' \+\\\\*--< >A\.*>d\Dl>N>\\+* \*\\ 3 NI h\\<Aaf~ 1.3l-+z\\mrr\' n. :r, 9 '& 1 I& & 'E N fi 'P 3 d ~.m > L! . &-".&A+ \*+3\'gz-\xxx I'" IWI'LIJ3+"333 I >\\ Ui? Irr~xUs3g'.! '3 Y33Z. s 33 l44zxx. .4 hr,d+d"52:
XPXX;~~~~-X--~~~T,~E+U mar*\ - -==y\32. NnNXzfZ>>E3 x x .3J h
* ~r3 ?L !u 9ci7
w uu\>
Z J "Id -xi
E> "asp- lJ2
m ,*
x 331~~~XTnX~J*3xP.Xr,,r.~r xx
3E2~JLXdE$tZdQUJtZE2E EEE.-L?Y?
'DL x\\ * * .-?=I
D .d*xXT B ~41. $\.x s s ..p--->\R * *. .x. .. 'EJJT\ . %U Xx n E'E.E..<EEE . .:E:E.
x E3 XQ 0.9 EXQ9Q:fOXQ EE
~ZIIIIAXZ,ZI~~IZZIZ~ZZZIAI~ IIIAAAAAU"AA-"AAI~~A'AAIIUA~
E
'?
I
- -
s - 3?
db zu EE ,I 3. 2. 2 r\ 52 rrr* 3-1 =I+ \.\ \ J ' x\ *u ;>x
d - 3
I
-
L :
1 -. 9 r: E 3:
3 ~r J'
E r, >E\-.
\ P.P.'AN Z' \ $1
+ r\\3>2
U \a
\ 9\35;
- >-3'\z;
$>\> XI'I' -\h\dEI
-\ 5L E
*TU.\
3nYP .\35,
X\'P.A *x\ IN JXr=- \ JSE +&Z _r-?_xeNQ\. ?:
e3 --.E z &
y>ac YQ
.2 X r 'g 4 '3 P ' . ISTX
z -Y zt\ "z-.yI).x."" --"L YY - -. - z-=x,
x3 1x- *@5 -
I.>.sz4x:I,r ~s5g~~z~ -"
-i%azzE
zlz.zqzzG:.z
- =.y=-- EdEJLTJY &' I' zx=
-"--"--
3 r, ,A +¶-I r,3 \I
A'& 3 3 A 21
\ dXE3 SI+ x1 n-r n 15 EI. zzz\, "33 -2Jb7.3
'>-A. &3 E 37 v u A 'U .5 I * A . rt - 2Y\3
-2 5w
Y ZLZg ?4z
pyx= i $2,~
$YXc.*Yl3\4
fu I 'd.3 I L*;=
3=.-2 "y .&X
3 A YLV-23 ZZIZFYAXIP
'&>X> ZrJ I + Y z:n 3-P . ZZ~=Q-L+?E
-3~3~ YLE.F JXXX&$-,
"JYL-~~Y Y 31-Y -.a -3
3 - 3"SD .3 2- - * %3% x*n2-s! 2uJi-r g!grj.$,3;r
" 3
- F - Y 3 : i - 2
1 x~~x33~~x~~~a~~~x~x~x~~33~3 - >. IAAAAI'AIIIALIA~A1IA~IAAIIAA YYYYYYYYYY -""""-
EPP~E~PPQCC~~\~~~XID~E>EEEE> 0 .. >>>E>T~E>EE>EE>>>>E>>>E>EE>3. uuuuPcs~sx >>>>>>BE>>
->??Y>>'rY' 224 LSLIA.Q& JZZ~QES~E~
rP:n==r:9Er- ?."**+=e-*
UEE*EPEP.S >ETE>>>E
>x>>-g1x =AsQzdLx ZITTETQXITT
~r*.ur-~- -->Nul=>=
fY I- - YY>.~i~~~~~'~~ZZYY~"~ZZZZYYYY zg ~~~~r~~t'A3==7?rCr'57~~~E~~~ AJrA'LQQx1QZ 'XQQ44445
I; +=~-~rr\=r=*~.~.\=~~r~?~.~>-~~~ =~=.=-~~~?.~~~d+~--=-*3~~==~d
- z u>uu=>u~ScN~N~u~~h,~*~J*dJdJS Y EE>E>EE>~>E>EEE>>>~E>>>EE.E>
-u~uusNx*~u ,,>>3.>y.>,>
3>>>FZZZZZ ~X~QQXQIiQ -1TZITET77777
SS~~~.CS*~U >-rr-.+c=,t
-.-uuu-33 E E> >E>> s.
2d>>ZdZX 8=,ITE> QQc:&; 2-
p+*Ty\i=E* =*>x>*>>
\
s I& , 1 x4 ~~~~~~~~.~~~~~~~~~~~~~~~~~~~ ,- -- ~>>~~>"'~"'Y"YZ~YYZ~~JZ~ZZYYYY
g gs fi \>~.-Q9~~E==nn.~E.=.\~P.*~.I?5um,~~ " a>====NNNN~,.~N>JnrT~4~~.~+=d-
.c
I
En I. >. .. : , 0:
p \ ZlG m.E ?. E U \ > U J 1 r:f I ~~N,=>UZN\'~-~~.\P,C-
+ 4 +,+ + -:rl c( +I+ + *.+ * +I+ Q. u n nix r R z ,= c,N .c a,9 n 9 A :I F+d c +I- - r(i
I i i !+
I j1 !
I
I !
1
I i j
! ! I
I
9. U
J rl .c,
3
0 9
n 9
d
I I I I i I I
I
I
)
- e2
d 1.
.3. I
I I !
I 1
ii
1 ;/
!
1 !
.,
i ~ +i
1 1 i
r-l 1 IC.
= a a rr a G \ N T,;F N t'r r( +I- .= = = n. = =,* N \,$\ 3. G:1 '0 ='* ,= 0 .=.- = 3.C h A:.D .3 U.3 .R =IO
,r\ T) 2 \ 7 U;1 D =IN U b.aJ\ rl 317
...................
.p T) 3-n = 9. P u Njl-l z 1.9 n '9.3 ................ ................ .. .= 9 =,.3. *a'* d C'fi lu w 3 u A:*.
n a Ln n c.4 F+,h .N N'N c.4 ,a u ?4 -,in, P ,N = n .L: h T. I\ DIU X 9 rn 9 C'il\ ................................
'N N *!?I rl +;rI r( FIjd ;-I rliM M +!d I
?l
UI
-1 :\ i
L'
'9 !N \ e 'k p t\ j - Nij\ a +;n 9- - ........ *I $
n :?. a n ?a'* m! 0'
..I d
Rh a = IP u n . Ti:= * 3.". =&I * ayp + N"P rl in, 'i .............
+'X u e.?. * 4 u?in*m4 I = *<, I, .. I.: L i;f
- 3.c
4 cc
clJ EL
s-4- 00 >Y c
's. I +, l,i :I w
- rn :A 2 w
Z -
-.
rll~rn M;O ! i.
I?n
i Id 1 =
I
*IUA +it> *.,DI
rw? iR a:> FId/ .
rc!30QN,h I \
a119 4 "1: 3. +/ d
m.%!namd , >
, .. 'Q
...... .i 3
ijl i !I I a=)=jq=ar\c.4mmynprrlir( = T) a'.- 3 3'9 N nmh h 9 .a 9 .a:m
=a+* =m,ann.n?Ju>h='q \awhsNy.>mLwnn+n=:3
.................
?.T)..9,?.S.1.~Y.~~$'E.."?~.1,-:?.?
I
I
1 I ml - I' .I :I n, .. , n1
FI\
T) h
d
i
i I j
I
.I m D/
0 '
.?. m!
'9 i
rr\
X
.... vsr*vasac.4*vsmum~ ~?4X~*UUh~hS9~9~U Rmdn?-JM\NxN.x3N~%nn
:w ' ,- I 4
z
+x 'A Y Y
'5: ~ma~=+=~aaza=u-~pa~) xxxxxxxxxxxxxxxx
~9~2+9~@+-1emrhrQ+9 rlN0~'9d'fi'~C.\999u13 ................ 0 .ZI 9 9 ;P % N ip. !n 9 lfi ?(\ 'fi *fi R R
=T)=T)=.~~=DT)D==T)T)DD ==m=a=aa.aaaaaaaa
XXXXXXX'
~a.mncn=o u D s=@.fiaa= x X
UNDm9?4?4 3. 0
n!fi 1 u,U mh, . 3 3
'SI ' m
....... x - Y2 R
9.
433,;rsnz u>mN=P\d
mn***yn '9. >i t\ >i T) .3. r( -vaa?42-
h9h:\?)Uh +x!.*Sc?.*+ urln3.nrl
432m+m
.......
.. n .. .. L .....
........ *.L
4
$
Q Q g I.$- .. m"
ro
1 74
> * 2
-3 b 0 *- k
- - =?
'9 U ?\
.3. 3 n
.c@ 3
B - - - -
1 s 5
3 ................ ~~+T)=T)=P=~=,==T)oT) xT):\q'nAnsrr*~no~\3 x! T) m - T) h Ilr * .* N u + ?\<>a%?. -. .......... n .. ......... t'f
?3? 3 'A 2 >E: ZQ
d
ha*9CiRuPn~C'933'PN n=*3+N=Y.'PZ3?.m3*+ >=J=T)=T)=PJ~~.>,-I.T)~.T)
+.N+++d* rldd *PI l-l
. L ....... .I.. ..... .... 4
i
.2 a
1 JJ Y Y jwuIJJJ ZJ 5 Eh XJJXQ
\ I -.AiZ_1A3f
\\Yp\232NaZzQIZ
a\ds ?.t' >l.q\:~~ax I \x a> lxrnuu
>*? iz+znx\zr 'JZd
\ ivza I u\z 1 I I I :> I n'JJ rlxr\f-!zwQ zz\ ZJ l\A->\z2"'.Ti=3n3.
+.nJ>\".Z\ l"l 22J2
$3- +h\?. 13 IEZZ+>
5X-.?.g\N'AZX=E I INU\
P *-\ -\ nyIN'P9PYN
,,,,,$:"-a'p:< .x$x
=i=n-~%ZxndcZ~ 2\
YzrlliaE2-Y.E
JI'LZ2X2--JXY'AQ~ Y lUJY A"f"
-23- -EzLz=E
EZIQ- --QXFI%Y~EZ : iz='gfYJ-, Y
si-JJ>iY 1--3_13- ,J z-z~~:u~i*n -&-!=*
Z-JZ>XQE~=X~I-IXZ~
Zh 'P I Z I \\
C \- \i(~J'.z+ ++ XN'"9"3\N IXX \
\m?-x2xx+ \.\UP r 9-LiX=\Rx.n* .>Xx.
*:a'> . - 1, x 3 . 33, . - ~lf ,X* -*.P 3pn.
~~~L~~-L 2 X ;ALL'
'-1ZUXZl 2- -1ZJJ
J! ,d A! - -1 IYY-z-YL A== - .?I.= - -
2.Ll~,~-:'A~- -Y$z-,-
+gLIIE:'.Q=?LIL:z%
G 9
$' \
5 xa
22 z
x::-;=
2"ZJ~~ ZZYLX d 9 -zaZz
wz-? 'A'A -XlLt\\
-L=&'L--
"Y2 -- QZ *S=JXX,
XXLJ>T~fl Yi--?-YEY A>QZI.-JY 2 -Z-)-;J-- 8 z-
-I r $5 t
Q Q 1.A
c ZZ B i3
0 - Z u E
3 -
d 2 Z -
> - - r
2
3
-
L
i > -
I - 'ALL" - I
X 1, I z
Y
> -
L"""" - -
T, z
.L . "I-JL'L * 5 3
i
Y-.xxQzy I' Q -2
z~zz?z,z?jy~~L~~?~ - ""_ z=z====,
~QC'\\\\~\\XTXLI~ >>>>>>>>>>>E>>>>
>z-'zZYrl~>zIrz.2n SZISQQ3.d-SQJJQ1L'& x JT J7EZX.ZZ?.I.f?31
s - 2. 5
33 -Q
E -+.=-~*XP.J'.~PPPPPP. ==+=+=>*+="#*+*
"-3xN~Nn*n'n+.+.uu 3.>?.?.?.?.3.?.3.3->>E?.3.>
77Q13ZZXX5X3QQQ4 ==zx=4zAlI-d-zll IZXZ3*>1YZ~&~32Y
:3t>>N---S-N">> +,93\=~9CN=~\*333
- Z
N Zd L' - " ' 3 ** 1 ng
ZI "