Loading...
HomeMy WebLinkAboutWK - April 24, 2012C I T Y O F ND OVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV City Council Workshop Tuesday, April 24, 2012 Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Open Space Commission Update 3. Joint Meeting with Artificial Turf Task Force — tentatively 7:00 p.m. 4. Discuss Deferred Assessment Terms Modification Request - Administration 5. 2013 Budget Development Discussion Administration 6. 2012 General Fund Budget Progress Report — March 2012 - Administration 7. March 2012 Investment Report Administration 8. Other Topics 9. Adjournment A,Lb 6 W 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councilmembers CC: Jim Dickinson, City Administrator Dave Carlberg, Community Development Director FROM: Courtney Bednarz, City Planne$� SUBJECT: Open Space Update DATE: April 24, 2012 INTRODUCTION This memorandum is intended to provide an update on the activities of the Open Space Advisory Commission. DISCUSSION Staff is continuing to negotiate a reasonable sale price and property boundaries with the Lawrence family. The 18 acre area currently offered by the property owner would require an access to cross three ditches and a wetland. (see attached map). Staff has communicated that the city's interest is primarily in convenient access across the parcel and additional land could only be purchased at fair market value. It is unlikely the Lower Rum River Watershed Management Organization would approve a road through the wetland. Their first criteria is avoidance and there are more suitable locations on the same parcel. Approximately 9,000 s.f of wetland fill would be needed which far exceeds the 400 s.f deminimus allowance. This means that even if a permit were obtained the city would need to replace twice as much wetland elsewhere or purchase twice as many wetland credits in addition to the cost of the road and culvert crossings. If access to Hanson Boulevard could be obtained across the sod field as shown in the next attachment, the estimated cost for a twelve foot wide gravel road and base across the Lawrence property is approximately $50,000. (see attached estimate). The design includes excavation, placement of geotech fabric, and installation of 2 feet of sand and 8 inches of gravel. The result would place the road bed one foot above the sod field to allow for settling. If the cost and location issues can be resolved, purchase of an additional 60 acres could take place to complete the preservation area previously discussed with Council. If all of the property is purchased at or near current market rates, this acquisition would utilize the remaining bond referendum funds. Other Sites Additionally, the Commission has broadened their list of properties under current consideration to include sites owned by Richard Aasness, Meadow Creek Christian Academy and the Dehn family as alternates in the vent agreement cannot be reached with the Lawrence family. ACTION REQUESTED This is an update for the City Council. Attachments Lawrence Offer Preferred Hanson Boulevard Preservation Area Gravel Road Estimate Location Map of Additional Sites Resp ctfully submitted, ourt ey ed t I 1 1 l) t ND OVER Incorporated 1974 Lawrence Property 18 Acres J co Z 0 VJ E mummmum , m p t rm-- - � -- :Ml r , N� r I ♦C! r 78 i 7 r n I� M New Culvert New Culvert y • �; `„ ,w 'r�+ 4 F r, •rat ��{{� F / y ly . E NA �_y. qa L • ' Y 40 ;t. 5 �, , ,. r. ':w ���. �' r,•... � r ::. �.a � _" r � •mow �[V.. .{'.,� x I -rw^" . �� � 1 . ' _., �[T�}` tit •.!4.- -�♦ +✓M • >~ _:.�,_`. r , ' l . ,7'67 y -��f_ •y n 0 Current Proposal by Property Owner 4 - �. r ►• a ��1 J co Z 0 VJ E mummmum , m p t rm-- - � -- :Ml r , N� r I ♦C! r 78 i 7 r n I� M New Culvert New Culvert y • �; `„ ,w 'r�+ 4 F r, •rat ��{{� F / y ly . E NA �_y. qa L • ' Y 40 ;t. 5 �, , ,. r. ':w ���. �' r,•... � r ::. �.a � _" r � •mow �[V.. .{'.,� x I -rw^" . �� � 1 . ' _., �[T�}` tit •.!4.- -�♦ +✓M • >~ _:.�,_`. r , ' l . ,7'67 y -��f_ •y n 0 Current Proposal by Property Owner _ Preferred Hanson Boulevard I � ' Preservation Area 1 Potential Boundary Mow •�. .' r at„ - �( a . r� m �� 111_ . -- 1 , r Cost Estimate for Gravel Road (enter data in shaded cells) Section Length 1290 feet Typical Pavement Width 12 feet Typical Total Width (back to back) 12 feet Boulevard Width (behind curb) 6 feet Item Quantity Unit Price Bump Price Mobilization 1 LS 1.0 $2,000.00 $2,000.00 Removals 0 LS 1.0 $2,500.00 $0.00 Traffic Control 1 LS 1.0 $500.00 $500.00 Subgrade Preparation: Length 13 R.S. 0.0 $150.00 $0.00 Class 5 Width 12 feet Agg. Base Thickness 0.67 feet Length 1290 feet Tons of Material (150 # / ft3) 778 Ton 1.0 $15.00 $11,668.05 Common Excavation: Length 1290 feet Width (back to back) 18 feet Depth 2 feet Volume 1720 CY 1.0 $7.50 $12,900.00 Granular Borrow: Length 1290 feet Width (back to back) 18 feet Depth 2 feet Volume 1720 CY 1.0 $12.00 $20,640.00 Topsoil Borrow: Length 1290 feet Width (assume one boulevard) 6 feet Depth 0.00 feet Volume 0 CY 1.0 $15.00 $0.00 Seeding: Boulevard Area) Area 0.36 acre 1.0 $2,000.00 $710.74 Traffic Signs: Avg./ 1000' 3 Eacl 1.0 $250.00 $750.00 $2.00 GeoTech Fabric Length 1290 feet Width 18 feet 2580 CY 1.0 $2.00 $5,160.00 TOTAL COST / FOOT $38.12 farm field No compaction (peat) None (peat) TOTAL COST / PROJECT $49,168.79 CIl'1' OF NDOVE Incorporated 1974 Other Sites Under Consideration April 2012 C I T Y O F N D OV 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304. (763) 755 -5100 FAX (763) 755 -8923 WWW.ANDOVERMN.GOV To: Mayor & City Council CC: Jim Dickinson, City Administrator �:, David D. Berkowitz, Director of Pub ' Works /City Engineer From: Todd J. Haas, Assistant Public Works Director Subject: Joint Meeting with Artificial Turf Task Force Date: April 24, 2012 INTRODUCTION The City Council is scheduled to meet with the Artificial Turf Task Force to discuss the overuse of fields and the options that may be available to consider. DISCUSSION The joint meeting will provide an opportunity for the Task Force to give an update as to what discussions have taken place over the past 4 months. A presentation will be given on the demographics and the preliminary discussions along with possible solutions to help resolve the overuse of fields. Also the Task Force would like to discuss their thoughts of a permanent or seasonal dome that could be considered at some point in the future. Note: After the City Council and Task Force meet, the Task Force will continue working on finalizing their findings in preparation of the final presentation to the City Council which will most likely be at the end of June. ACTION REQUESTED The City Council is scheduled to meet with the Artificial Turf Task Force to discuss the overuse of fields and the options that may be available to consider. . Respectfully submitted, Todd J. Haas Cc: Artificial Turf Task Force )OVE. 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: FROM: SUBJECT DATE: Mayor and Councilmembers Jim Dickinson, City Administrator Discuss Deferred Assessment Terms Modification Request April 24, 2012 INTRODUCTION 0 As part of the Woodland Crossings, Cardinal Ridge and Shaw's Glen Developments public improvement assessments in 2007, neighboring properties that were not part of the initial development but had the potential for future urban development were also assessed. Those neighboring properties assessments were allowed to be deferred with specific terms. One of those property owners with a deferred assessment has a specific request to modify the terms DISCUSSION Attached is a letter from the property owner (Scott Allen) the Council is requested to discuss and to subsequently provide direction to City Staff on how to precede. To summarize Mr. Allen's request, he is asking the Council to consider modifying terms of the current deferral to allow for two primary items: 1. In the event no development occurs on his parcel by September 4, 2017, the deferral remains a deferral and does not come due at that time. 2. In addition'to #1, Mr. Allen is requesting the deferral be extended to 15 years, and at that time the deferral be depreciated in equal amounts over the next 10 years at which point the deferred assessment would expire. What Mr. Allen is requesting is similar to what has been requested by other developers and property owners in the community either facing an assessment or struggling being able to pay their current assessment. The extension of the term has been granted by the Council most recently for Fairbanks Properties, Grey Oaks Inc., and Povlitzki Properties LLP. The request for a depreciating deferred assessment has been granted by the City Council on properties with a potential lot split on street reconstruction projects, but only for the street improvements. Historically, the City has not let deferred water and sewer deferred assessments expire, but has exercised various options to collect. Administration will provide more historical details and various options at the meeting and will be seeking Council direction on how to proceed with Mr. Allen's request. It should be noted for the record that Mr. Allen is a City of Andover employee directly supervised by the City Administrator. To mitigate a perceived conflict, the City Attorney will be requested to be deeply involved in this request if the Council elects to modify terms. ACTION REQUESTED The Council is requested to receive a presentation and provide direction to staff. rej Honorable Mayor & Council Members: April 11, 2012 On September 4, 2007, I had a deferred assessment levied against my property in the amount of $131,756.35 when the areas east and west of my property was developed. This assessment includes charges for water, sewer, storm sewer, streets, seal coat, and a lift station fee. My 2.5 acre lot was assessed based on the potential of it being split into 5 lots — 1 lot for my house and 4 potential lots. Currently I am not hooked up to any city services and do not intend to in the near future. According to the assessment sheet I received from the City, the assessment will no longer be deferred after September 4, 2017 even though I have not hooked up to city services or done any lot splits. (see attached assessment sheet — Note 94.) I agree that if I do a lot split and sell/develop any of those 4 potential lots in the near future that the assessment should be paid on that particular lot; but if nothing happens I am paying for something that I am getting no benefit from. I have seen in recent assessments that the amount is deferred for 15 years with interest and starting the 16 year, the assessment begins to depreciate to zero over the next 10 years. This would allow the assessment to expire for the property owner who does nothing with their property. My request to council is to replace the term date of September 4, 2017 with similar language used in recent assessments where property owners are being assessed for potential lots that they split into: The assessment amount will accrue interest for the first 15 years at 4.5% or the ENR Index, whichever is lower. Starting with the 16th year, the assessment value will begin to depreciate, in equal amounts over the next 10 years so as to achieve an assessment value of zero dollars, at which time the deferred assessment will expire on September 4, 2032. Thank you for considering my request. Sincerely, Scott Allen 15873 Linnet St NW Andover, MN 55304 O a) m a O D la C w O a 01 a N M N A O J N M M W D W N r r'Oi a F M d c m n v E y pp M a � a 3 C O O. N c N eM- .0 H N (9 fA fA C N Q- C N N O c 0 O y LL N N m N 2 D O C a) E N LO �k U N ° Y C N O t_ O r N a m y N >. D, C '� � N m � O ry T d 46 ❑ C al E O a F' 64 N Hi '� y3 ° O l6 w w E d r o o a O c c m O h y O V (O m 0 r a_� p N N a) w c D a? N N (h C N r co N r p L ca Q T N N ` c0 X U O 'C a r m o a K t c U oc O N L WE U n c ° o (rye, C Lq c° U an d o m o ° v M ii, M m m ooD aO° '° o .yo o N U N KO N M N N ° `yOj N= 0 LL N N} IA co N 'O V U m ° o ro an V m N 6 L a� ° M O N M mo ur ND a� �i m tJ L6 14 of of m o 'D '§ > '2 m N O M r 0 r 2 o C ° U C C 0 D N r !nU N (O V p dDw a) C N > > g v m aI 64 EA fA E9 N N .Z 3 O D Lu � W L d L N O c N ' 2 °' d a X O N t 0 y D 3 h N C mm d 75 0 � � 7 N m a; n mc�OO�' °� a)a N u. g C r o N d' a O O N M c N w A t N �' p 'L' O N C (9 ER 0 4 N N N= L �. A c m N ° o ro� h E —Eo mw �� mN ^ �� N W� m N oEw `o NON.�d •E v y L o on r .y H 0 mdmE o0 N.+ mw— NU m @ c M N N O W O N(n N k °_ E!d U 69 tp N E9 = `- (V M 4 N a E C F lL m CO r N m r Q z p Cl O �" ry z o N CL 0 ap O N M O ro N T (9 � m ro N M m < (q ro (q N 0 N c M L N O) Ci T C', N O ONO O O d t} C 1� 1 a0 In N Il N aD m h E Q N M M N N M^ N C O O r N M, — � (-- m m CL U a0 0 °� a a ' 'v y ° a` eorno�NM LU m C N N N N N N Q 0 Q ` N a d N N o' a d c o as E n z O a) m a O D la C w O a 01 a N M N A O J N C I T Y O F NDOVEA Map Printed 04/20/2012 Disclaimer: Maps and documents made available to the public by the City of Andover are not legally recorded maps nor surveys N and are not intended to be used as such. The maps and documents are created as part of the Geographic Information Systems w e (GIS) that compiles records, information, and data from various city, county, state and federal resources. Copyright © 2010 City of Andover, All Rights Reserved s C I T Y O F NDOVE Map Printed 04/2012012 Disclaimer: Maps and documents made available to the public by the City of Andover are not legally recorded maps nor surveys " and are not intended to be used as such. The maps and documents are created as part of the Geographic Information Systems (GIS) that compiles records, information, and data from various city, county, state and federal resources. WE Copyright © 2010 City of Andover, All Rights Reserved s ND OVE: IV 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: FROM: SUBJECT DATE: Mayor and Councilmembers Jim Dickinson, City Administrator 2013 Budget Development Discussion April 24, 2012 INTRODUCTION City Administration is starting to focus on the 2013 Annual Operating Budget Development process and is looking for City Council direction as the preparation of the 2012 Annual Operating Budget proceeds. Please refer to the attached 2012 Budget Development Calendar for the tentative time schedule. City Administration will review with the Council the bold italics items at the meeting. DISCUSSION The following are 2013 Budget Development guidelines were adopted at the April 3rd City Council meeting: 1) A commitment to a City Tax Capacity Rate to meet the needs of the organization and positioning the City for long -term competitiveness through the use of sustainable revenue sources and operational efficiencies. Note: Preliminary Anoka County Assessor taxable market value figures (attached) for the City of Andover are reflecting a 3.6% decrease in total taxable market value. Tax Increment Financing District 1 -1 will be decertifying at the end of 2012, complete impacts are still being evaluated, and it is likely the State of Minnesota will place levy limits on cities for 2013 levies. 2) Continue with the current procurement and financial plan to appropriately expend the bond proceeds generated from the successful 2006 Open Space Referendum. Note: The Open Space Commission and Staff have been active pursuing the third open space purchase. An update will be provided to the City Council at the April 24` workshop meeting. 3) A fiscal goal that works toward establishing the General Fund balance for working capital at no less than 45% of planned 2013 General Fund expenditures and the preservation of emergency fund balances (snow emergency, public safety, facility management & information technology) through targeting revenue enhancements or expenditure limitations in the 2012 adopted General Fund budget. Note: With property tax revenues making up 80% of the total General Fund revenues cash flow designations approaching 50% would be appropriate and are recommended by the City's auditor. 4) A commitment to limit the 2012 debt levy to no more than 20% of the gross tax levy and a commitment to a detailed city debt analysis to take advantage of alternative financing consistent with the City's adopted Debt Policy. Note: The adopted 2012 debt levy was 17.94% of the gross tax levy, 20% will provide margin to accommodate the 2012 Equipment Bond debt service. If a large debt issuance was considered in 2012 -2013, the impact to the levy would likely not be until 2014. 5) A comprehensive review of the condition of capital equipment to ensure that the most cost - effective replacement schedule is followed. Equipment will be replaced on the basis of a cost benefit analysis rather than a year based replacement schedule. Note: The City Vehicle Purchasing Committee would be performing this analysis, and would make recommendations to the City Council as part of the 2013 -2017 Capital Improvement Plan development. 6) A team approach that encourages strategic planning to meet immediate and long -term operational, staffing, infrastructure and facility needs. Note: The City Council last year adopted 2011 -2012 City Council Goals and Values. It is anticipate that same process will occur for 2012 -2013. 7) A management philosophy that actively supports the funding and implementation of Council policies and goals, and a commitment to being responsive to changing community conditions, concerns, and demands, and to do so in a cost effective manner. Fund Balance Forecast Update: Staff will review with the Council the attached 2011 -2012 General Fund Balance Analysis at the meeting Staffing: A few new staffing requests are expected from City Departments for the 2013 budget. Administration's first request will likely be in the Public Works area as that was a department that had layoffs as part of the 2010 budget process, but has seen expanded infrastructure over the past few years. No furloughs or hour reductions are anticipated, with various position vacancies, Administration & Human Resource will continually monitor staffing availability and budget to maintain adequate service levels to the public. Lastly, with some anticipated retirements, special focus will also be placed on appropriate succession planning. Personnel Related Implications: To date the following are projected issues facing personnel related expenses: 1. In Administration's opinion the current salary compensation package is competitive with other government entities. Administration and Human Resources will be reviewing position -based salaries in detail over the next few months to confirm competitiveness. As Part of the budget process, pay steps for elizible employees will be included in the 2013 budget proposal A cost of living adjustment (COLA) will also be explored recommended Council feedback/direction is sought on this topic. 2. A midyear review of the health plan will be conducted with our broker in June. The City currently offers the employees a high deductible plan ($5,000 family, $2,500 single) with a health spending account (HSA), this was implemented in 2006. As part of the program, the City pays for 100% of a single health insurance premium, 76% for a family health insurance premium and contributes annually to the employees HSA. 3. Administration and Human Resources will be exploring a PTO conversion program as part of the 2013 budget process. Contractual Departments: 1. The City Attorney 2012 contract included a 0% increase over the 2011 rate. Discussion for the 2013 contract will likely indicate, if City employees are granted a COLA, the legal service contract would be treated the same. 2. At the September 6 2011 Council meeting, the City Council approved the 2012 City of Andover Law Enforcement Contract with the Anoka County Sheriff's Office The 2012 Law Enforcement expenditure budget is $2,693,896 which is offset by a Police State Aid revenue budget of $112,860 and School Liaison revenue budget of $84,828 reflecting a net tax levy impact of $2,496,208. The 2012 Sheriff s contract provides for: a. 80 hours per day of patrol service b. 6 hours per day of service provided by a Community Service Officer (reduced from 12 hours per day in the 2011 contract). c. School Liaison Officers in the middle school and high school d. Patrol Investigator e. Effective March 1, 2012 an additional Investigator f. 50% of the Crime Watch Program's coordinator position. It should be noted that the Sheriff's Department always provides the required number of deputies for all hours contracted by the City. If the Sheriff's Department has a vacancy or a deputy is injured etc.., they still provide the City with a deputy at straight time even though they may have to fill those hours with overtime which at times may cost the Sheriff's Department additional, but is not billable per the contract Staff has had initial discussions with the Anoka County Sheriff on the 2013 contract with discussions stressing maintaininiz the status quo for 2013. Council Memberships and Donations /Contributions: The following memberships /contributions are included in the 2012 General Fund & Budget: • North Metro Mayors Association $13,709 • Association of Metropolitan Cities (AMM) $ 9,047 • Mediation Services $ 3,323 • YMCA — Water Safety Program $ 7,500 • Alexandra House $ 5,000 • Youth First (Program Funding) $12,000 • Northwest Anoka County Community Consortium $10,000 JPA — Youth First • Teen Center Funding (YMCA) $21,000 • Lee Carlson Central Center for Family Resources $ 1,500 The following donations /contributions are in the 2012 Charitable Gambling Fund Budget: • Alexandra House $5,000 • Senior High Parties $1,000 Please note that any funding coming from the Charitable Gambling Fund is contingent on available resources. Council direct is sought on how to budget for 2013. ACTION REQUESTED The Council is requested to receive a presentation and provide direction to staff. submitted, Jim City of Andover General Fund 2011 Fund Balance Analysis December 31, 2010 2011 Estimated Fund Balance Increase (Decrease) Projected December 31, 2011 Less: Snow Emergency Public Safety Facility Management Information Technology Public Safety / South Coon Creek Water Main Economic Development Prepaids / Inventories Working Cash Flow Estimated Balance Available for Adjustments 2011 Estimated Budget $ 5,110,905 120,332_ 5,231,237 (80,000) (80,000) (50,000) (50,000) (200,000) (300,000) (206,666) (4,168,674) $ 95,897 2011 Working Cash Flow Designation Calculation: 2012 Requested Expenditure % of 2012 General Fund Expenditures $ 9,263,720 45.00% $ 4,168,674 Actual $ 5,110,905 777,232 5,888,137 (80,000) (80,000) (50,000) (50,000) (200,000) (300,000) (222,641) (4,905,140) $ 356 $ 9,263,720 52.950% $ 4,905,140 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN.US TO: Mayor and Councilmembers FROM: Jim Dickinson, City Administrator SUBJECT: 2012 General Fund Budget Progress Report — March 2012 DATE: April 24, 2012 INTRODUCTION The City of Andover 2012 General Fund Budget was approved with total revenues of $9,263,720 and total expenditures of $9,263,720. The 2012 expenditure budget currently is amended to $9,298,720 acknowledging $35,000 of 2011 budget carry forwards. Monthly reporting of the City Budget progress to the Governing body is a recommended financial practice and often viewed positively by rating agencies. DISCUSSION Attached is the General Fund Expenditure Budget Summary - Budget Year 2012 through February 2012. The attachment is provided to assist discussion in reviewing 2012 progress; other financial documents may be distributed at the meeting. Also attached is Operating Budget Policy section of the City of Andover Financial Policies Administration will review this policy section with the Council at the meeting. ACTION REQUESTED The Council is requested to receive a presentation and provide direction to staff. t tfully submitted, i ickinson Attachments CITY OF ANDOVER General Fund Budget Summary Totals Budget Year 2012 2011 2012 REVENUES Budget :Mar N 11) % of Bud Final Budget Mar YTD % of Bud General Property Tax $ 7,217,219 $ - 0% $ 7,115,936 $ 7,398,782 $ - 0% Licenses and Permits 250,080 52,405 21% 387,206 250,155 45,857 18% Intergovernmental 558,215 174,055 31% 566,707 566,103 191,276 34 Charges for Services 580,200 96,506 17% 866,584 601,150 141,328 24% Fines 105,750 15,146 14% 99,777 100,750 17,616 17% I n vest ment Inco 65,000 (13,225) - _ 130,368 _ _ 65,000 _ _ (21, 4 7 __,_ - _ " -33 °/a Miscellaneous 84,900 52,142 61% 127,602 84,850 52,898 62% Transfers In 196,930 196,930 100% 196,930 196,930 196,930 100% Total Revenues S 9,058,294 $ 573,959 6% $ 9,491,110 $ 9,263,720 S 624,430 7% 2012 2011 EXPENDITURES Budget Mar YTD % of Bud Final Budget Mar YTD % of Bud GENERAL GOVERNMENT Mayor and Council $ 106,956 $ 39,141 T 37% $ 101,372 ^ $_ . . _.88,162 „",j_ 41,61.5 Administration 138,157 31,695 23% 135,523 140,621 31,263 22% Newsletter 27,500 6,785 25% 22,897 25,500 5,103 20% Human Resources 36,221 5,153 14% 31,854 15,429 5,030 33% Attorney 178,300 28,505 16% 171,062 178,300 28,470 16% City Clerk 103,333 21,061 20% 100,693 103,937 24,292 23% Elections 6,750 1,220 18% 6,398 53,922 1,441 3 %° Finance 212,967 51,002 24% 207,033 213,522 58,844 28% Assessing 152,500 - 0% 143,693 152,500 - 0% Information Services 154,871 25,404 16% 142,963 153,560 25,236 16% Planning & Zoning - -� 355 ,258 _ 63,344 _ . I 8 _ 324,30 _338,696 _ ,. 75,123 22% Engineering - " 414,408 85,049 21% 413,819 419,688 98,365 23% Facility Management 553,739 90,843 16% 469,476 574,639 92,938 16% Total General Gov 2,440,960 449,202 18% 2,271,085 2,458,476 "487,720 20% PUBLICSAFETY Police Protection 2,615,407 653,852 25% 2,615,407 2,694,135 673,474 25% Fire Protection 1,077,084 219,649 20% 974,988 1,081,933 182,586 17% Protective Inspection 363,789 71,060 20% 360,277 363,834 80,943 22% Civil Defense 16,463 4,319 26% 16,301 16,755 4,787 29% Animal Control 9,970 1,279 13% 11,087 9,950 552 6% Total Public Safety 4,082,713 950,159 23% 3,978,060 4,166,607 942,342 23% 3D "; a 60, 512 - PUBLIC WORKS Streets and Highways 578,050 94,106 16% 594,293 571,625 ` (125,364 22% !^ Snow and Ice Removal 489,3 207,707 42% 434,602 488,17 T ` ) l 134,928 28% Street Signs 196,712 23,909 12% 175,833 196,631 29,580 15% Traffic Signals 36,000 3,273 9% 26,569 36,000 3,110 9% Street Lighting 36,400 5,342 15% 32,317 36,400 5,642 16% Street Lights- Billed 206,000 29,044 14% 189,144 206,000 30,167 IS% Park & Recreation . 916,832 15% _889 932,599 158,470 17% Recycling 122,273 20,548 17% 109,911 126,210 16,045 13% Total Public Works 2,581,582 517,635 20% 2,451,847 2,593,637 503,306 19% 35,723 4i% O THER 45,000 _ 7,500 _ _ _17% 30,631 8q,000 Total Other 45,000 7,500 17% 30,631 80,000 35,723 45% Total Expenditures 1° $ 8,731,623 $ 9,298,720 $ 1,969,091 0 1 %� $ 1,924,496 S 9,1.50,255 $ $ 759,487 $ (35,000) $ (1,344,661) r NET INCREASE (DECREASE) $ (91,961) (1,350,537) C� CITY OF ANDOVER FINANCIAL POLICIES B. Operating Budget Policy The formal budgeting process provides the primary mechanism by which key decisions are made regarding the levels and types of services to be provided, given the anticipated level of available resources. A. The City will attempt to maintain its present service level for priority and essential services subject to available revenues. New services will be considered for funding within available resources. B. The City of Andover will utilize a "bottom -up" resource allocation approach. Each department will have an opportunity to request personnel, goods, capital items and services needed to carry out its responsibilities in a timely manner. C. The resources to fund the budget will include all revenues reasonably anticipated from all sources and the unreserved undesignated fund balance estimated to be carried forward at the beginning of the fiscal year. D. The City enterprise operations are to be self - supporting, including capital improvements and depreciation. Enterprise operations are to be reviewed annually for self - sufficiency. E. The City will utilize procedures that allow departments to integrate priorities and objectives into the budget requests. The operating budget, authorizing expenditure of City monies, will be adopted annually by the City Council at the department level. Expenditures may not exceed the total for any department, within a fund, without the City Council's approval. The authority to mak 4 chan to the adopted City Budget during the operating vea_ as follows: A �1 City Council approval is required for all budget adjustments or transfers that will increase the department's adopted expenditure budget, or adjustments that are made to facilitate a department restructuring. lJ City Council approval is required for any budget adjustment that exceeds either $10,000 or 5% of a department's expenditure budget, except that adjustments under $10,000 may be approved as provided in C. & D. below. City Administrator, or their designee when unavailable, approval is required for all budget adjustments or transfers made to personal services or capital outlay under $10,000 on a one -time basis. D. Budget adjustments and transfers among expenditure accounts may be authorized during the fiscal year by the City Administrator and the Finance Director, if there is no effect on the department's gross expenditure budget and the adjustment is not to employee compensation. E. Under no circumstances should budget adjustments be split to avoid approval limits. O The City will budgP__�t r_mai tain fund balances at adequate levels to,. ensure sufficient r esourc es are available _for current and future expenditures, whethenplanned or unforeseen. A. The City will budget to maintain an unreserved designation for cash flow for each operating fund, to support operations until current tax revenues are received. Based upon the semi - annual collection of local taxes, each operating fund, relying on property tax related revenues, should maintain cash flow designations at year -end necessary for a 6 months of operation. B. Tjie City will budget to maintain an unreserved fund balance available for contingencies of between 1 percent and 3 percent of budgeted expenditures for each operating fund in order to finance unforeseen items and events that occur during the course of the year. It is not necessary for each fund to hold its own contingency. The General Fund may hold contingencies for other funds when appropriate. 0 All unencumbered appropriations and encumbered purchases less than $1,000 lapse at year -end. However, the appropriation authority for all major capital projects and capital a ssets c ar r ies forward automatically to the subsequent year. Appropriations for encumbered purchases in excess of $1,000, which are not budgeted in the ensuing year, may be transferred to the subsequent year with the approval of the City Administrator and Finance Director. The current year appropriation is reduced and the subsequent wear appropriation is increased. 4. The City will maintain a budgetary control system to ensure adherence to the budget and will prepare regular reports, which compare actual revenues, and expenditures to budgeted amounts. 5. The City will coordinate development of the Capital Improvement Budget with the development of the annual operating budget. Each capital improvement project is reviewed for its impact on the operating budget in terms of revenue generation, additional personnel required and additional operating expenses. 6. The capitalization threshold for assets of the City of Andover, as defined in the Fixed Asset Policy, applies to all budgets and purchases associated with the Capital Expenditure series of accounts. 7. Annually the Finance Department will prepare an Annual Operating Budget report. This report will be made available to elected officials, City management, bond - rating agencies, and general public. 8. The City will annually submit its operating budget report to the Government Finance Officers Association (GFOA) to determine its eligibility to receive the GFOA's Distinguished Budget Presentation Award. 2 I, , 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councilmembers FROM: Jim Dickinson, City Administrator SUBJECT: March 2012 Investment Report DATE: April 24, 2012 INTRODUCTION Summary reporting of the City Investment portfolio to the Governing body is a recommended financial practice and often viewed positively by rating agencies. Furthermore, the City of Andover Investment Policy recommends the Finance Director presents to the City Council quarterly the detail listing of investments held by the City. DISCUSSION Attached is the Investment Maturities Summary for March 2012. This attac is intended to assist with discussion in reviewing the March 2012 investments. Also attached is a listing of the individual investments in the City of Andove portfolio. This attachment is intended to meet an Investment Policy recommended reporting method. ACTION REQUESTED The Council is requested to receive a presentation and provide feedback to staff. ted, N O N Z N d 7 d N d 7 C Iti m U tC C p N N N G c e b ° { 7 l'. T 4 w �- V � � a 0 7 4 � V N � Q F Y � c d r 0 E U E ti E Ce > 0 U v E Y ro O 69 69 M f; r1 V' 7 V1 •--� v1 O l� M N 69 69 M �o v m W h C\ m M 0� N 7cl M O O M 7 ' I t M v1 N v1 l- O ON h�o O N O M V1 V1 C' On. O cq ON 69 69 C W h W ol ' y •-: ,--" N Vi a 0o w GD � n 7 00 O� .. Qn � oo O h a\ co r V oo M 'n t� o l- N O, h h O 7 M m N m It O\ M 00 N h w 01 w � 0 M Cl w 7 l— h N 0 7 w �o o0 > •-- m 06 cl - N N fV N 69 69 59 c e b ° { 7 l'. T 4 w �- V � � a 0 7 4 � V N � Q Y � c d r 0 E U E ti E Ce > 0 U v E Y ro O M f; r1 c e b ° { 7 l'. T 4 w �- V � � a 0 7 4 � V v c LL L f L ` � N � r N W PA J � s D LU (� U N Z LU LU G Ln W Z N a� C O N d� N N CO O rl M LO W 4 ) .X L. S � y a0 00 f1 ` CU 4) 0 0 0 3 N P a M Ef3 I � M > ti L L U; c LL LL Y (6 O 0) CL C 0 U d N >_ C 0) O C9 0 0) LL N `m N uj a LL N� N J CL It N c LL s L N C 0 O N CD O a ZZ a a d� S � y a0 00 f1 ` h Gos j�r Y 3 � a ti h � M ti N c LL s L N C 0 O N CD O a ZZ a a N U U N O N N m l0 H N n V to a n .-t N N N p: N N N N N N N N N N M M M M M N_ N M N N_ N j N I N N N N N M M N N N N N N N N N M N N N N N N N \\ � O O O t0 W m W N O N N N N (7 N C1 0 u7 N 0 N V' 0 to 0 O O O O N j 0 O 0 0 0 N N 0 (O 0 m 0 0 N 0- N N 0 W 0 M 0 N 0 0 W 0 N 0 W 0 W 0 0 n 0 .�- R N C m W W W m 0 m O m M O O m n r O O O O O @ O O O O R R 0 �., 2 `- @ Q_ N N N R R N N N R R N N N @ W W �- C M m O N tCl I� � C C C C C C C C C C C C C C lq C C C C C C C C C C �M N C N N O N N N O C C C� C. C C C C C N C O N C C C C m C C C C C C C C C C m W a v M 0 .-- m W W W .- m m m m m N W 0 0 0 W - � W � N m � � n � � W � 0 0 0 0 0 �',� O to V N c m W N h m O N m r V 0 0 m R mjN m m m m O V N m m m 0 m m N 0 Q O N N N O N N .- N (\I N O CO t00 Cn to N N N N I� r N M M .-- m c 0 VLMA T @ J T T @ J @ J R J @ J T R J T t6 J T T l0 J l6 J f0 J R J l6 J i � N (0 R l0 J J J J l0 J l6 J A J f0 J Ifl J 75 J N J f0 J A J l0 J l0 J N J Ifl J N J A J A J l6 J @ J @ J @ J @ J @ J R J C@ J @ @ @@ C@ C@ Ct,. C J C R C R C R@ C C R@ C C C C R R R C R C R C R C R C R C R C R C R C R C R C R C R C R C R C R C R C R C @ C @ C @ C @ C @@ C m Q E d E E E m E d E m E m E E m E E m E E E m E R E d E d E d E E E E d m R ml E d E R E m E m E d E R E d E R E m E d E d E R E R E R E m E R E d E d E R E d E R E d E R n 0 0 0 m O tq m N tq O O m 0 0 0 W W 0 0 0 0 W O 0 0 0 0 0 0 0 W O W 0 0 0 0 W 0 0 0 0 0 0 0 y m 0 0 0 N 0 0 W O a n O M O n b m M O O n O n tq W W O n 0 W tq n O N tq 0 0 0 m 0 tq tq N tq W V O O M N CV M V 1� W m m O n W W v n v W O W N M W W m 0 0 W W N In M (O r N O W W V M W M N m a 0 0 W W m V V V m W n N W m n W W O m N W M W O O O d V ' W n M M [f N n � O W O R N V V R (O O � O N O O tq Cl O I� r .- M m N V N N N (O N N N o 0 o m m m m n m N o O n m O O tri M o O tri n 0 W ro H 0 O 0 O ro O tri N 0 I H 0 0 N (+i 0 M 0 O 0 N 0 N N N N tri N N N 0 O o W tri N 0 W 0 V 0 M 0 N ui N iq o W tri M N N N N N N U o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o e o o e o 0 0 e e e e e e o 0 0 0 0 0 0 0 0 0 0 0 0 o e e tq 0 0 W O N Lq N 0 V 0 W 0 O 0 N to n to n O W W O tq M W 0. tq 0 0 ! O O O W O W O O N N O d' O O O O n M W O O m N O N O N O N O O N j 0 O (") N N n N W N O m W W W m W m n N W W C M o O V 7 7 7 (') CV N (V (") V N (V M to V O (`� V! N ' I to I r CM to .-- N to V N O (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 6;6 0' 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 C 0 C 0 0 0 0 0 I� 0 0 0 � r � of ui tri 0 qi vi n tri tri 0 0 0 0 o vi' o ui o o ui o o tri tri tri uS tri 0 o tri vi 0 0 o ui o 0 ui :N O O O O O O O n 0 0 0 0 0 0 0 0 W 0 0 0 0 0 0 0 tq O W 0 0 0 W O W N W O O O W O O O N O O W O W O O O O O O O O m O W V O W O n V n 0 0 0 tq O n N N 0 0 to m N 0 W N O U N U -. O O O O O O O O O O O O O O O n O a N W N N O N M M N W 0 0 O M. n n m O N m V m O O O O O O O n O O O O O O O N O M N m O N W N! N W h m V 7 0� m 0 W 0 0 0 0 0 0 0 cf O O O O O O O N W N N m M ! � M n N .- W v C' W m u) N O N m N N n 7 d' C W q .R O O O m m m N m O m M m n tq tq O lq O tri N 0 tq m o N v m M D Iq o N n W N tq N tri (o N 0 o tq ui n tq 0 0 o tri v o in N N N N N N N N O N V M N N tq M M j ;y 0 0 0 0 0 'o o n o 0 0 0 0 0 0 o W o 0 0 0 0 0 o W O tq o 0 o to o tq to tq o 0 o to O o o (q o o to U O O O O O O O W O O O O O O O O m O W V O W O n n 0 0 0 W O n N N 0 0 W m N 0 W N O U N W . W W N O j N W m N W O O m O M n n m O W O a m M N m O N WIN M W I m v V O M O N M M N N N W W O O N: R O n O o O 0 O 0 O rl O r O n W O W O tq O W O O O m O O O n N W W W N t. .- 0 W to N M m m W n'.,N 616 -1 O N V W W O M O Cq m N li N O to m N N n a V N W W i V N O O m m m N m N N O m M m n W N O W N O N a 4 O O O O D O O D m (`4 `(g s ( cR v 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 O O O O y N y y . 2' . 2 _O _O _O Q¢ Q¢¢ N M M M M Q Q Q Q N N m (O m N W N O N m n p7 N O 2 N G7 Z m O_ W m >� W O_ U > H N N J} r () (n ll m LL Z [rte m U Q Y n ll ?> J m (p 2 U> X U C7 ¢ Q m ¢ U LL> m m W Q K F- Q¢ M m M N O N n ( q M N j i 1 2] i N J .L- C C J C O @ N U Q o m m LL m Q w w @ -_ E- O_ N K N, Q m Q Cl t K R' m m m c m m D_ z ¢ c Q 2 O m O Y E2 C m m U Y (n ( @_ aU U Y L C ( om C L N@ (q Q C O > @ R Y r r @ R (6 O U m @ G r @ .T.` _ '@ } o I- C �'': a C X~ 6 C fn N O .�.` C U Q'S O 2 . 5 O @ 0 6 J R R� O U C x 9 + (n a Y L O' H C m (n co co (n .0 d) «J VJ 0 0 C fO O °-� m U U `@ U Z .� c ( E U U E s n o .c `o .� U 5 @@ E n E E Yn R :° 'a c o (° a R Y u c ° c c> o° a x ' t (n m c c J ' c N L c J }} R R a a? o c @ >- @ o R° U v o@ o o J o w w h m o m@ w R@ -o m @ E E@ R (q m M LL U U J U U E W- U 2 c > �i U � m Y Z U LL U m U W Z M �i C7 !n C7 m Y N i > >� Y D C d N N N L v � p N U t } � a .w vi � � N N a O N N J d r In M W N 10 N N N O m M - - c - - - - V --- - - - - tp - M - M c V V N r n to M @ N @@ 3 R O O\ O O O O O O O N O 0 0 O O O. O O 0 0 0 0 0 0 0 0 0 0 0 IA C c 0 0 0 C 0 0 C 0 0 0 c 0 c 0 0 C N C C C CN,a N C c C C C C C C C M C N M C V C l0 V C C O � I 7 9 N R @ @ @ @ R f0 @ @ @ R @ l0 @ @ @ R R l0 A l0 R R R @ @ @ R R @ f6 @ @ @ fo c c T c T O O c c c T T T T O O J J J c c c 0 0 0 Y c c c c c c c J c c c J c c O O c C C C C@ C C C C C C C C C C C C _E L — Z C C C C C C C C C C C C C C C C ._ C C C C C C C C C C C C C C C C C f0 @ 'C l0 ,L. C f0 f0 R @ l0 C C C C „L„ C @ @ R f0 R C @ C 16 C lU C @ C @ C R c C R C R C @ C @ C @ C @ C @ C R C R C R C R C @ C @ C @ C R C R C m E E Q .E E E E 'E E .2 E E E E E E E E E E E E E E E E E E .£ 'E E 'E E E E 'E E 'E 'E 'E 'E E E R E d @ @ N d @ @ @ N @ d d d @ d @ @ @ @ @ @ N N @ @ d @ @ d @ N @ @ N N N @ N @ @ @ N @ N @ @ @ R N N R N N @ @ @ @ N N @ @ @ @ @ @ N N N @ R @ @ l0 W W W O� N X) �O O M O f 0 0 0 0 0 0 0 �O ' 0 0 l0 Y' R N N V O) O N N O) M O N O M O m O g N q M N 0 7 0 O) w W (O O M N 0 O V O V f d' t0 O (O O O 0 6 m O) lA N n O M O I! N W �O O M O (D N I� O O N O O N M M �O O (O (O N W N N M �O �O g W R oc m M � (O (q M N V U! � l0 Q) Cl O N C ) O a7 M V m (O V � a O �O t� � V Cl N V �O M W V 1� M r U , e e O O o 0 o e e 0 0 0 O o 0 0 o e e O O o o e e e O O O o 0 o e e O o 0 0 N. r M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 l0 O t0 (O N LLJ Cl! O M UO �O O t0 l0 W N N l0 M m �O LL� O O N r N r N O O to O O O t0 LLJ O O O O O O LO O t0 O O O O O O O O O M O W ( V (V N M m cM � � c0 V � (0 .- t0 C•) tV � (V � r N 'C N � 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 0 0 0 0 0 0 0 0 0 0 0 0 3 O 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 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 Q . O 0 0 0 0 0 0 c 0 0 0 0 0 0 0 c 0 0 0 0 0 0 C 0 0 0 C 0 0 0 0 0 0 0 0 C 0 0 0 0 0 C 0 0 0 0 0 C 0 0 vi o of n rn 1� I� o I� N Ci Ci o W m in o 0 o vi o o Iri o ui o 0 Z u i o v� m o vi iri o 0 0 �ri o 0 0 0 �ri j m O O O O O O O O O O O O O M O O �O O m 0 0 0 N O A N O N l0 O O O N N O O O O O O N O O U O O O O O O N O 0 'tT 0 0 0 0 N O M r O M O O W (V (0 N O O W O N O O O O O V O 0 0 O N O O M IO f0 M O O W O ro O N 0 0 6i r M t0 O O N 0 M V N O <O V t0 O I� M M (V V O 7 W H cp i N 2 M N N O O O O O O O O O O O O O D7 O O O O O O O O O O O O O O t0 0 0 0 0 �O 0 0 0 0 0 0 0 0 0 0 V O O O O O O O O O O O O M O O �O O M 0 0 0 OJ O V l0 O N �O O O O N (O O O O O O O N O O d. Ld 0 Q7 O t0 O O N N m O O O O m O i 0 M w M m 0 0 I� O O O O Q) OJ (V O f0 l0 N I� O O O O) O) M W O O t0 O'O 10 i� M (O c 0 W 0 O OJ n' O N L N 7 O 7 0 O N m N O O N N N M N ( M M M N M M N M N M M M N n M M O M R O( - O V r M N N a c' p p p p p p O p p p p O O p c� 0 s c� c� c� c� c`� y U U U U U U U U U U U U U U 0 0 0 0 0 0 O, O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 'p • C M ¢ N ¢ M ¢ ¢ a ¢ a!¢,'a }} } ¢ } a ¢ N N N a N ¢ N a N ¢ N N N a N - N 0 N N a M a d M N CO N 0 p OJ N OJ O V (O N '. � M G d •j X S m 0 p p 0 C7 m H m g O Q w W¢ > S¢ > Y p N Q w Y 2 0 U W N o U m > LL U 'Z'> m z > Y J K > `n J a v N a Y N O J O J ¢ >= Q� n. O) ¢ W U O O Z (O N O N I Q _ @ > to O U O @ K3 0 @ m m of a N 3 Y m CD R C y m E a @ m Y LL C y C @ O L U m N m m _C �.. = L N N c O p p C 7 • 2 L O C U (n (n p 0 m @ C R Y m E U y @ 7 t7 m C Y -., Z : @ d (n ( Z �, C C O fn '.0 E N N s �i @ s Q J (n C �] y ? C m C N U a O 0 0 Z> >> J U tR N ? O O? O? c @ C C m y".. C� @ O @= L N U C 0 C m 0 C X _ O O U N m @— m O E s E O c •R..+ -3 ? L _N L @ L K E@ ll @ L { N R O to y N Y �i N i� O@ X R U O Q d C C r E O U E N O _@ 0 - Ul 4-- y N N O a@. N O m @ c o d @@ R L @ @ @ @ @@ 41 N N U R O @@ R N J R U m _ H C7 U U' LL a Q Y> U fn K m 0' p O n. O p w tq O> U Y¢ p m .y d N d C N O L R Y U @ O C E m C N N N Vf in m A II1 N n L W R W N O Y R t!1 Of IA a ,ti O C E m C N N W W A W A- N - r 0 r � I O R O O O O O O O O O O O O O O O O O N N M N O_ ? O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O C C c c n c c c c c c C M W A W ,p C C c c c c N c M C C C U O O O O O O O O O O O O O O O O O O O O O N - - N_ O o N O - - - - - - - - O .�- . O - - - Q E O W (O t0 r R R @ @ @ @ @ @ @ @ l6 R @ @ @ @ @ N'' f0 f0 R @ @ @ R l0 @ f0 l0 f0 R f6 @ N @ @ f6 f0 R J C J C J C J C J C J C J C J c J c O C O C J C J C Y Y J c J c J c J c y O, J I c c J c J c J C T J O O O O� O J J J J J J J J J J J' c @ c R c @@ c c R c @ c @@@@ c c c c R c R c ._ _ c c c c ,_ S c: c c c C C C c C C C C C C C J C C C C C C C C C C C C c C c C c C c C c C c C E E E E E E E E E E E E R E E ,J. E @ E @@@ E E E E R R E E R E @@ E E C E R 'E R E R@@ E E E E R E R E R E @ , E @@ E E R - E R E R . E R@ - E . E m . E d @ d @ d @ d R d N d @ d N d N d @ d @ d @ d @ d @ d @ d N d @ d N d d @ @ d @ d N d N d N d N d @ d @ d @ d @ d d d N d N d @ d @ d @ d @ d N d N d @ d N 0 IO 0 0 0 7 0 0 10 0 O IO (O N O IO O O O N O O O O (O O) O W O N O O W n O O O V W M O 0 o 0 0 0 0 0 0 0 W W O N (O n 0 0 0 0 LO 0 0 O) 0 O 0 W 0 W 0 O 0 O 0 O 0 O 0 O 0 O 0 O t0 M O M N N V M W A` N M W w W M M W W N W W M V O) T b 7 O O W N W .- W O O> M M N (p O. IO O N 61 M W O W N W W N: n M M N IO IO .- IO W O (n Ld W W W A IO n v �O M O LO W O) N W � 7 IO W V In O O O O O D7 O O H O) N C r N W O) ' ( C6 (O V O N In M H W O V N M V y 0 0 0 0 0 0 o e e e e e o 0 0 o e e e o 0 o- o e e e e 0 0 0 o e e. 0 0 o e e y R O W O N A N o O O) W N W W O V O N M 0 0 0 IO fV l0 O N O M V N N V a l0 a O) M W V V M W V N M l0 N W M W V t0 M n M (O i IA (n (p 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 W 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 E O O O O O O O O O O O O O O O o 0 0 0 0 0 0 0 0 O O O O O O o 0 0 0 0 0 0 0 0 Q O O O O O O C O O O O O O O O O O O O O O O O O C O N O O O O O O O O O C O O O O O O C O c O O 0 0 IA O N O W O O O In O In O W O IO O O V O O O O O N O IA O O to 10 0 0 0 0 0 0 0 0 0 0 to to N O N O O O O- 0 0 0 W r t (([ cq N ( I O ( 0 0 C` O O O O 9 c O O O W W O O ( 0 0 0 0 0 0 0 0 V O O M N N_ A M N W O O W N O M M m- N V C ( O t O O O ( O ( O O O N M W N O •�.. (O O N O W O O N W to N M W V 6 O O O O) O O O M O N C) N L6 M d' V O �- C 6 O) C6 (n n N O N N O M t0 M (O N N V M M O W O W V O O O m 0 V N O V IO W N 0 d 0 0 0 0 0 0 l0 O O O IO O i0 O O o 0 0 0 0 0 0 0 0 0 10 O O O O l0 0 0 0 0 0 0 0 0 0 0 0 0 t�l IO O V O (O O N O 0 0 l0 W W l0 O W O O M O O O O O W O O O W W O O W W 0 0 0 0 0 0 0 0 a` (V O O O W W C O) A O 6J ((OO !� W (p O) M W (O M aP M O) M W M M M (O N O O 0 O 0) W O 0 O 0 O O O V (O In N M n O d' t0 O) O CV 'V CJ W N O M O N O W W O) M Cl ! N W (O N W c C O W O O 0 O 0 N 0 W O 11 m W O) N O A W V A (O O M W d) O W W O O D1 O M W .. @ (� W O N N O (O O n O N M (� (p to W V 0 0 0 0 M 0 0 01 O (A M o W In W n a M O �- V N O) 6 M O N 0 O) O m V N 0 7 M (O N O W — N N E r N .- N M V' N � .- M r r .- N N - N — .- o — — — .- r a N I co C/) (n w w_ w (n O O O O O O O O O O y y y y y S S Zr) S S O S S O O O O O O O O O O O O O O O O O O Q Q Q Q Qg ¢ Q d N N¢ Q Q Q Qg 0 0 Q 0¢ Q Q Q Q Q Q 4 Q Q Q Q Q Q Q Q Q Q Q QQ <R U ¢ Q ¢ Q 4¢ Q Q¢ Q ¢ ¢ Q Q 4 ¢ ¢ ¢ ¢1¢ ¢. al ¢ Q ¢ Q Q a ¢ ¢ Q Q¢ Q Q Q A O A O0 M TO 4 d� O O n 0 0D A MR li Q O N N I 'I V OJD Ap u) N N ut d' Z} N M y � Cl O N a Q' (O � I U (D �� A O d' O7 D7 V M � M t[) � M A M LL LL ,. Z M M M M M M M O O n n ' t N V f (D O a C d C O. j U U c L O d O d Q l C N N d N p :c Q o O ¢ Q d O N L Z O M N 'o �e p o. O. o N U (q o Z C d Y W a o o K m Q m m 7 N N N N R N ¢¢ J O Z N 3 C p J L U A C m@ J J O U N¢ O C O O L (n d N O 0 U 0� U U U O) y U R O J R (n (n @ J d c r @ O_ d l= C n N D_ V U« R .R. (n E R fO @ — E t6 l6 U C T d C c O m E p L C @@ N O) O o d m U O (� E E m@ d @ N c p c o E y @ LL O Z Z M O z Z Z 2 c ,� d U d N U T p d d N o @ d 3 (n S Y U lO O) N @ C p J E C R N J O L O) 01 @ d J c d @ R ( R @ p o :p c@ 3 ,c p o R G @ n@. N d is d d d ( n d d d d d O @ @ g L R d y c C O L c @ M in m W °° m 0 a (n O O¢ LL LL LL LL LL W LL c� m.¢ M�� a Y . U) O 3 o O 4 O H 3 O C E m C N N R + @ Y u — R N N u @ N N Ill ( N (O N l0 O l0 v W Ol 00 o" a o m y o N (O N Ol M Ol + N d N d C N N L d N, N N N N N N N N N N N N N N N N N N N N N M M N N N N M V Oo V m O r O N M 6 r• c R O C O C O O C O C O O C O O C O O C O W N l0 N C O (O N j C C r O O 1 0 c 0 0 C 0 0 C 0 C 0 c 0 c 0 O O N C O M O C O C O i0 N p G C C C M C C a C N C O C r 0 C O i C N C C N C r C C C C O C O C C M U O O O O O O O 'i O O ' O O O O O 10 N O N N N M M It M O 1 I r M m M N N m W O (D r c O M N N r r O O O r r 0 0 O r\ O O O V- N N l0 v N v M i0 �W O f� W O O O O O N E N M l0 n M In rn (O O iz: ` r a (p (A V O N N O O N N r N 0 O N M M n M m N r N O N r r M N M O N M N f� N O r O N N O N N (O M V r � @ J @ J @ J Ip J 1p J R J Ip J @ J @ J @ J m J m J m J T T T I @ t6 @ z J J J'. J 1p J 1p J @ J @ J @ J z J l6 J Y 1p J @ J @ J @ J @ J @ J l0 J T T c C C C C C C C C C C C C _T — C C CI C C c C C C C C C C C C ._ C C C C G C C C C C C C C C N @ @ @ 1p @ 1p @ 1p @ 1p @ @ @ c c C C 1p @ l6 @ @ @ J @ @ N @ (6 „J,. @ @ @ l6 @ l0 1p C C E E E E E 'E 'E .E .E .£ E 'E .E O E O E E OE E 'E € e m m .E m m E E d 'E m .- m .- m E m E E m 'E m 'E m m m d .E m E E m N@@ d m m m m N m m m m m m m m@ m m m m @@ m m m @@ m@ m m m@@ m m @ N m@ m@ m O (O O O O O O O O O O O O a O N M Y O M O O N g O O O l0 O O O O r q N 0 0 0 0 0 W O O 9 O Ih 0 0 0 (O M O O O O W O r (V (O (O O W M O O N N O W W M V N N N (� M 7 M V W O M 0 f� O N O W M M r 0 N M N t r r r V d' f� N n m O M M O O r N N M (O O m O O M (O N M O) N M 10 p r (O a W 0 I� M V M (O l0 O V C'l N N (O (O m (V (D m I In N W W O W O V In m V (O C d J r N r M r N r N N O N O r r 0 M N O r r 0 r N O r r r r N O r O r M r l N N N W M O N O N r r (O N r M r I C6 U o o e e e 0 0 0 0 0 o e e e e e e o o e e e e l 0 0 o 0 o e e e e 0 o e o 0 y M N w 0 0 0 0 O 0 O M O O M. O O O O ( O ( ( I O n 0 0 ( w l M l !� C4 d R O C M r M O (A O V C M Cl! M (O V' M M M� N N W N r V O N o l0 (O O l0 O l0 M O (O IL! O a M N W n N N N N N O O O O O O O O O O O O o 0 0 0O O N (O O O O O O O O O O O O O O O O O O O O O O M C O O O O O O O O O O O O O m (O O M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0) r E o 0 0 0 0 0 0 0 0 0 0 0 o m In a (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 o v N w W Q O O O O o 0 0 6 0 O 6 O O O M M N 0 N N W l0 r O 6 0 O 0 C O 0 N N C O O N O O d' r M �O C M 0 O 0 O 0 O 0 O 0 O (O V 0 O 0 0 0 0 0 0 l0 f� 0 O 0 O 0 O l M O O) O O 0 O r •� r N r M M r N r N r r r N r r r l0 r r r r r N N N N N N r N N m O N (O M M M 0 0 0 O l0 O O O O O O N V (O n N 0 N 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (O 0 0 0 0 O 0 O 0 O 0 O l0 V O O N l0 N W I 7 m V N m m O N m 6 N (V V N (O O N (O O N O I� N N M W C N r (D N (6 M (n 7 (O M N O In V V N (O N O7 M m M m N 1 r O f� O m O m 6 m (O W V r r r U d 0 0 0 0 0 t0 O O O O O O O M O O l0 0 0 0 0 0 0 0 0 0 0 l0 0 0 0 0 0 0 0 l0 O M l0 (� O N (O O OJ M 0 0 0 (O O o O V (O O N O O R 0 0 i 0 O O O O 1� O O O In O O O V O (") i- C V M V N M C N M (O O W M N It M 0 r d r M V 0 (O (O V M O M O O M M M N W V I� M O N r O 0 O N O O (O W O I� N O O M O) m O O O O O l0 h M V V O N O t0 O O O N M (O O O O N (O V M O (O I� M r - A N r O N O M 6 V (D M N O M d' O C15 (O t6 M M (p (O m N r O N - O N m O m m (O M M h -L- r M l0 N W N O O O N O N O 0 0 0 (O r O M O O V l O r r M N N M M O O O V M r r r r r r r r r r r r N N N N r N N 0 CL m w w m () 0 3 `(4 lit (3 4 0 3 3 0 m R m (n m U) m m N O O O � O O O O; O O O O O O 0 O y y QO QQ Q O Q Q Q Q Q Q Q Q Q Q Q O Q Q Q Q Q Q Q Q 4 Q 4 U Q Q 4 Q R 4 Q Q Q 4 it Z 13 T N !T O V O CO N W N T (O U Q LL' (n N CJ J J M. M. Q (n C, M J O = R LL Z o � (J J aa p 2� •y'.a K H p> U C) U 0 K� X� � Q Y� W C7 Q m Z CO ' (7. d U` W U d � w J W l K Z u' o O O � O� � V o�p ' M r O OMi ( V ( i 0 (O D (M( (m0 c ( ( M M M m a W d m (n O Z N y o U x N V _.. U p :: Q ( U U U M R U) d E m # 3k • U E E E EL # I � N U L m C Q o 0 y Z p ¢ LL m O U K K K O U y N �# d rn a c 5 Q m. c> ii Y c @@ c o LL 0 LL co c a y Z C T" U O (� N Q N Q N Q L U' R U LF Z R W m N m N N N @ o_ U C c Z Z co C. m U) m 2 C J m m C J m �.` c m @ L 0 0 0 C o d [�0 d w m �.� m C C C c U .0 3 y m 3 @ U o a Z^ m d m :° N E — —— E to o �' m a m m R o i5 ,(,o o— o J p m m Y (n a C .(9 y ("ii R ) to R O R R R 0 N U pl U@ U O O C R> (/� a R m R O R R@ R @ C C E 2 m O y R d C m @ C M Z Z Z S L (p m U C U m :2 C C Qm - O C Z mo LL LL Z Z Z m c m C o O@ 3 d a0i p' °' p p p p p t m O c d d d p d d d (n r G O_ Z CJ 2 i �i O H Di H> LL LL LL LL LL - N J 2 i >_ U H U LL LL LL LL LL LL li LL N M a M C N