02-05-2008 - 2007/2008 Fiscal Year Mid-Year Budget UpdateCity of West Covina
MEMORANDUM
AGENDA
Item No.: D-6b
Date: February 5, 2008
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Tom Bachman, Director
Finance Department
SUBJECT: 2007-08 FISCAL YEAR MID -YEAR BUDGET UPDATE
RECOMMENDATION:
It is recommended that the City Council:
1. Receive and file the budget update report.
2. Approve the additional. appropriations and transfer of appropriations as listed in
"Section 2. Additional Appropriation/Transfer Requests" of this report.
DISCUSSION:
1. 2007-08 BUDGET — MID -YEAR UPDATE
The 2007-08 fiscal year budget is the second year of the City's first two-year budget. The
budget, as originally adopted in June 2006, contained a surplus of $149,370. In June 2007, the
City Council approved a number of additional appropriations totaling almost $1 million for the
2007-08 fiscal year that were necessary due to actions that were approved during the 2006-07
fiscal year that had ongoing budget ramifications. These additional appropriations were offset to
a large extent by revenue adjustments, fee increases and reallocating certain General Fund
appropriations. The net effect was that the adjusted adopted General Fund Budget remained in
balance for 2007-08, but contained a surplus of only $8,602.
The City's two largest revenue sources are sales -tax and property taxes, combining for 60% of
total General Fund revenues. Property tax revenues, which have increased by approximately
10% or more in each of the last four years, will see much more moderate growth in the current
year as the housing market has cooled off. Property taxes for the current year are based on
assessed valuation as of January 1, 2007, therefore, much of theeffects of the housing downturn
will not be felt until next year. As an indicator, the median price of homes sold in December
2008 showed a 15.8% decrease compared to December 2007.
Sales tax, on the other hand, has already started to tail off. Sales tax revenues for the quarter
ending September 30, 2007, the quarter for which the most recent data is available, were down
3.7% from the. same quarter in the prior year. The City's two largest industry categories, which
make up over 75% of all sales tax revenues, were both down substantially. The autos and
transportation category, which includes new car dealers, was down 12.5%. This comparison
does not include the new Nissan and Audi dealerships since they were not in operation at this
time last year. When the Nissan and Audi dealerships are included, this category shows a 7.1 %
increase. The general consumer category, which includes the Westfield Shoppingtown and most
other retail within the City, was down 12.4%. Economic news predictions indicate that this trend
will continue through 2008. Because of declining sales tax and the BKK commercial site not
coming on line until later in the fiscal year due to developer delays, sales tax revenues will fall
short of its budget estimate by over $1 million.
Traffic fines continue to be well below revenue estimates and staff continues to work to try to
resolve this issue. No other areas of concern in revenues have been identified at this time.
Expenditures are on track with appropriations. Because of the projected shortfall in sales tax
revenues the City Manager directed all departments to reduce their current year budget by 1.5%.
u
m
This reduction will result in $801,601 in savings to the City during the year and offset a large
part of the sales tax shortfall. The City Manager has also put certain capital equipment purchases
on hold such as the police mobile command center.
Since the adjusted budget was approved in June, there - has been $199,414 in additional
appropriations added to the budget. General Fund carryovers from the 2006-07 fiscal year
totaling $532,916 have been brought forward and are included in this budget. Of this carryover
amount, $349,090 was for operating carryovers and $183,826was for CIP projects.
Below is a table summarizing the 2007-08 adopted budget and changes made to that budget.
This table does not include any changes to revenue estimates, including the projected sales tax
shortfall. Finally, this table does not take into consideration. the additional budget appropriations
that will be necessary to fund the public safety MOU's during the current year. It is estimated
that approximately $1 million in additional funding will be necessary once final approval is
given, thereby creating a budget deficit in the current year.
Estimated Revenues 54,554,415
Appropriations (54,545,813)
2007-08 Adopted Budget Surplus 8,602
Additional Appropriations
Supplemental Retirement Plans (99,666)
Ambulance Purchase (62,868)
Additional Graffitti Abatement (18,880)
Shadow Oak Park Maintenance (18,000)
1.5% Budget Cuts Directed by City Manager 801,601
Amended Current 2007-08 Budget Gap 610,789
2006-07 Operating Carryovers (349,090)
2006-07 CIP Carryovers (183,826)
Amended 2007-08 Budget Gap 77,873
The table below presents of summary of revenues and expenditures through December 31, 2007.
The City receives a large portion of its.revenue in the latter part of the year and the General Fund
reserve provides cash flow during the first half of the fiscal year. As of December 31, 2007 the
General Fund had received only 29.6% of its estimated revenues and had spent $9.8 million
more than it had received in revenues.
Budget.'
Original
Amended ',�
YTD
Balance
Surma;
Bid'" et
Bali et ,
„ Actnal=.
Remamilnx .�,=Received'
Total Revenues
54,554,415
54,611,364
16,178,858
38,432,506
29.6%
Total Expenditures
54,545,813
54,533,491
25,955,292
28,578,199
47.6%
Budget Surplus Deficit
8,602
77,873
E'9, 76 4 4
2. ADDITIONAL APPROPRIATION/TRANSFER REQUESTS
a. Public Works Appropriate $45,000 to 110.41.4141.6143 to cover increased utility costs and
landscape maintenance for the North Azusa median.
b. Public Works — Appropriate $75,000 to 110.41.4141.6143 to cover increased utility costs for.
park maintenance.
c. Public Works — Appropriate $20,000 to 181.41.4145.6143 to cover increased utility costs for
Maintenance District 1.
d. Public Works — Appropriate $3,000 to 182.41.4145.6143 to cover increased utility costs for
Maintenance District 2. .
•
e. Public Works — Appropriate $100,000 to 184.41.4145.6143 to cover increased utility costs
for Maintenance District 4.
f. Public Works — Appropriate $15,000 to 186.41.4145.6143 to cover increased utility costs for
Maintenance District 6.
g. Police — Appropriate $5,000 to account 150.31.3115.6225 for jail maintenance.
h. Police — Appropriate $4,000 to account 110.31.3110.6571 for graffiti rewards.
Total additional appropriations request are $267,000. Of this amount, $129,000 is from the
General Fund and $138,000 is from special revenue funds.
2008-09 and 2009-10 BUDGET OUTLOOK
Declining revenues as a result of a slumping economy and the City's inability to control
expenditure levels will cause the City to grapple with significant budget deficits in the upcoming
two years. This deficit is projected to increase as revenue growth is not projected to keep pace
with expenditure growth. Without severe service cuts and/or new voter approved taxes, there are
nowhere near enough one-time fixes or deferrals, or other gimmicks available to the City to close
the budget gap. The City has the added obligation to consider options to pre -fund its $37 million
unfunded liability for lifetime medical benefits for retirees. Finally, the state is facing a $14
billion deficit and despite the protections afforded cities by the passage of Proposition IA, the
City is still at risk of losing funds to the state.
Given the outlook above, it does not seem practical to adopt a two-year budget without a viable
plan in place at this time to deal with the deficits. Staff recommends that a one-year budget be
adopted for 2008-09 and that staff and the City Council begin immediately working on a long-
term plan to close the future budget gaps. This plan must also now consider the City's available
fund balance position, which has dwindled significantly in recent years and decreased by $4.8
million alone the 2006-07 fiscal year due to capital outlays.
repared by4_TfaA6m"M`chman
Director of Finance
Attachments No. 1 2007-08 General Fund Revenue.and Expenditure Summary
No. 2 2007-08 Non -General Fund Revenue and Expenditure Summary
1
Attachment 1
Shown below is a summary of the 2007-08 adopted budget with revenues and expenditures
through the month of December (50.0% of the year). Certain of the larger revenue sources are
running well below the 50% mark due to timing of when revenues are received during the fiscal
year. Through the first six months of the year, the major revenue sources (sales tax, property tax,
and interest income) appear to be on track with or running ahead 'of budget estimates, with the
exception of .sales tax as noted below. As for the remaining revenue sources, based on the
information --available at this time, there are no major fluctuations expected from their budgeted
amounts.
REVEN° i SOURCE
% of
Total
fi Original
Bud ` et
Amended ",
Bud et .
, YTD. " -
Actual . "
Balance
Remainiri
:.;Received
Sales Tax
29.9%
16,311,000
16,311,000.
4,625,186
11,685,814
28.4%
Property Tax
30.2%
16,497,000
16,497,000
3,871,083
12,625,917
23.5%
Interest
7.1°/
3,877,688
3,877,688
1,802,123
2,075,565
46.5%
Franchise Tax
5.6%
3,030,000
3,030,000
237,927
2,792,073
7.9%
Overhead Char ebacks
3.7%
2,000,000
2,000,000
985,830
1,014,170
49.3%
.Ambulance Service
2.9%
1,600,000
1,600;000
627,799
972,201
39.2%
.Business License Tax
2.9%
1,575,000
1,575,000
239,482
1,335,518
15.2%
Sales Tax Reimbursement
2.9%
1,557,500
1,5571500
0
1,557,500
0.0%
Transient Occupancy Tax
1.8%
1,000,000
1,000,000
406,304
593,696
40.6%
Other Revenues
8.2%
4,476,227
4,533,176
2,308,128
2,225,048
50.9%
Transfers In
3.9%
2,150,000
2,150,000
1,074,996
1,075,004
50.0%
Reserve funding for Police
0.9%
480,000
480,000
0
480,000
0.0%
Total Revenues "
100.0%
54,554,4151
54,611,364
16.178.858
38.432.506
29.60/.
Sales Tax — Sales tax revenues, which include the triple flip amount, are at $4,625,186, or 28.4%
of its budget estimate through the first six months of the year. This amount is 4.2% lower than
the same period last year. This low amount is mainly due to timing of when revenues are .
received, but also reflects the slowdown in the new auto and retail sectors of the economy. This
also does not include fourth quarter receipts which is typically the largest quarter, it does not
include the sales tax transfer from the Fashion Plaza CFD and does not include any receipts for
the triple flip which accounts for 25% of all sales tax revenues and does not begin flowing into
the City until January of each fiscal year. The one issue not related to timing of receipts is delays
in the West Covina Heights commercial development, which will not come on line until late in
the fiscal year. The economic slowdown and the West Covina Heights delay will cause sales tax
revenues to fall short of the budget estimate for the year. Sales tax revenue at this time last year
was $4,821,687.
Property taxes — Property tax revenues, which include the Supplemental in Lieu of VLF
amount, make up 30% of General Fund revenues. Early indications are that this revenue source
will once again exceed its budget estimate, although not at the pace we have seen in recent years.
This excess will be the result of additional supplemental and redemption taxes as well as an
increase in the Supplemental in Lieu of VLF amount beyond what was projected. The VLF
property tax amount, which makes up almost 50% of property tax revenues, also does not begin
flowing into the City until January of each fiscal year. The surplus in property taxes should
offset a portion of the sales tax shortfall. Due to the timing of when revenues are received under
this payment schedule, total property taxes are only at $ 3,871,083, or 23.5% of their budget
estimate. The amount for the same period last year was $3,664,537.
Interest — Interest income is pretty close to where it should be at this time of the year.. $3.2 .
million (83%) of.all interest income in the General Fund comes from loans to the redevelopment
agency. Due to the negative cash flow that the City experiences in the first six months of the
fiscal year, interest on the remaining City investments. is largely not received until the second
half of the year. Due to the turmoil in the financial markets and the downturn in the economy,
the Federal Reserve has acted to cut interest rates over the last four months, which will have a
negative effect on City investments in the near future.
11
Franchise Tax - Franchise tax receipts are only at 7.9% due to the fact that most payments are
not required to be made until later in the year. This is consistent with prior years..
Overhead Chargebacks - These are budgeted chargebacks to various department and funds that
receive external funding. This revenue source should meet its budget projection.
Ambulance Service - Ambulance transport revenues for the first six months are $627,799, or
39.2% of their revenue estimate. Revenues for the same period last year were $674,598.
Business License Tax - Business license revenues are only at $239,482 (15.2%) due to most
revenue from this source being due in January. This amount was $300,190 at this time last year.
Sales Tax Reimbursement - This revenue source reimburses the General Fund for current year
and prior year sales tax revenues that have been diverted to the Community Development
Commission for repayment of the CFD bonds. The entire annual amount is repaid at the end of
the fiscal year.
Transient Occupancy Tax - Transient occupancy taxes are at $406,304 (40.6%) and only
include five months for the year. This is above last year's total of $397,091 at the same time of
year.
Other Revenues - This revenue source contains all other revenues and is at $2,308,128 (50.9%)
for the year. This exceeds last year's total of $1,752,971. at the same time of year.
Fund Transfers - This revenue source includes transfers from the Traffic Safety, Public Safety
Augmentation and West Covina Service Group Funds. This revenue source will not meet its
revenue estimate due to a shortfall in the Traffic Safety Fund.
A chart of expenditures for 2007-08 is shown below.
��,,,49XPENDITURES
%Ofj,Original
Total
Bud et : ;-
AmendedBalance
,- Bud et
f
Actual °-
Remainn
;.
Ex 'ended'
City Council
0.4%
233,025
266,044
101,863
164,180
38.3%
General Administration
2.5%
1,389,561
1,453,205
656,506
796,699
45.2%
City Clerk
1.3%1
720,881
737,000
158,752
578,248
21.5%
Finance
4.0%1
2,160,039
2,196,306
1,188,589
1,007,717
54.1%
Human Resources
1.5%1
798,598
766,864
330,883
435,980
43.1%
Planning
1.2%1
632,043
639,842
277,399
362,443
43.4%
Police
44.7%1
24,364,805
23,920,545
11,618,841
12,301,704
48.6%
Fire
27.6°/
15,059,202
14,940,669
7,354,178
7,586,491
49.2%
Communications
4.2%1
2,281,498
2,332,266
1,121,870
1,210,396
48.1%
Public Works
8.5%
4,662,871
4,790,869
2,392,428
2,398,441
49.9%
Community Services
1.8%
982,888
1,015,934
528,270
487,665
52.0%.
Environmental Management
0.4%
192,876
209,102
75,500
133,602
36.1%
Transfers Out
1.70/c
909,026
909,026
27,248
881,778
3.0%
Total Operating Budget
54,387,313
54,177,671
25,832,329
28,345,342
47.7%
Net Operating Budget
Surplus/(Deficit)
167,102
433,693
9,653,471
10,087,164
Capital Projects Total
0.3%
158,500
355,820
122,963
232,857
34.6%
General Fund Budget Total 1
100.0%1
54,545,813
54,533,491
25,955,292
28,578,199
47.6%
Most departments are on track at this point in the year to stay within their budgets. Finance is
running above budget due to the method in which the county is calculating the property tax
administration fees. Staff is still in the process of analyzing the appropriateness of this method.
Community Services is running ahead of budget due to early season programming. This should
level out as the fiscal year,progresses.
1
3
Attachment 2
City of West Covina
REVENUE AND EXPENDITURES
NON -GENERAL FUNDS ONLY
As of 12/31/07
REVENUE
IXPENDITURES
,Adjusted
As of 12-31-07
Percent
Adjusted
As of 12-31-07
Percent
FUND*
FUND DESCRIPTION
Estimate.;::�;i`-:>
of
Budget
of
FY 07-08
Estimate
FY 07-08
Budget
SPECIAL REVENUE FUND TYPES
111
FEE&CHARGE
1,392,270
590,979
424%
7Q 1,5878
..............
658,702.41.9%
116
STATE ASSET FORFEITURES
8,000
14,246
178.1%!
22,385
21,037
94.0%
117
DRUG ENFORCEMENT REBATE
7,000
19,600
280.0%p'
26,407
26,407
100.0%
118
BU S I N ESS I M PROVEM E NT TAX
-
411
#DIV/0!
-
-
#D11 IV/0!
119
AIR QUALITY IMPROVEMENT TRUST
.136,600
36,519
260%
200,267
40,702
20.3%
121
PROPOSITION"A"
2,014,649
.926,806
460%
2,801,581
862,996
30.8%
122
PROPOSITION "C"
1,559,038
650,129
41 7%
!;
1,928,363
375,406
19.5%
123
TRAFFIC SAFETY
11650,000
441,870
__..
26.8%
1,681,479
811,460
48.3%
124
GASOLINETAX _ ..
2,130,000
686,631
32.2%
2,350,654
1,106,383
47.7%
125
TRAFFIC CONGESTION (A62898)
470,000
71358
1.6%
_ -_ .
697,946
104,539
......
15.0%
127
POLICE DONATIONS
4,696
2,343
49.9%
::
13,745
3,265
23.8%
128
TRANSPORTATION DEV. ACT
56,000
34,612
61 8%
;'
60,270
0.0%
129
INTEGRATED WASTE MANAGEMENT
274,428
60,991
222%
334,060
172,174
51.5%
131
COMMUNITY DEVEL. BLOCKGRANT
........1,680,996'
1,023,462
609%
:3
2,171,489
742,411
34.2%
133
TRAFFIC ENFORCEMENT GRANT
-
4,U8
#DIV/O!
..
#DIV/0!
134
COPS/SCHOOL BASED PARTNERSHIP
- -
6
#DIVIO!
#DIVIO!
135
BJA BLOCK GRANT
-
34,
#DIVIO!
-
-
#DIVIO!
140
F.AU./LS.T.E.A(12t
696,680
0.0%'
1,695,424
767,608
48.1%
141
G.R.E.AT..GRANT
147,032
140,697'
957%
147,032
69,976
47.6%
142
OCJP - DOMESTIC VIOLENCE GRANT
-
12
#DIVIO!
#DIV/0!
144
TREE FUND
5
#DIVIO!
DIV/O!
145
WASTE MGT ENFORCEMENT - GRANT
16,700
1,582
_ .. 95%
.};
76,788
_ _
6,951
.4
41%
146
SENIOR MEALS PROGRAM
197,162
106,968
63.7%I^?
`:
200,377
_
112,696
56.2%
148
SCAQMD ELED. VEH. CORRIDOR GRANT
-
#DIVIO!
2,520
0.0%
0
149
USED OIL BLOCK GRANT-
_.....
59,487
_
-
0.0%';'
84,178
7,977
9.5%
150
NMATEWELFARE
15,000
5,580
372%
14,600
12,715
87.1%
152
BKKCOMMUNITY
69
#DIVIO!
575•
14,847
2582.0%
153
PUBLIC SAFETY AUGMENTATION
600,000
210,774
351%
".
788,864
489,072
62.0%
154
PRIVATE GRANTS ._...... ..........
_
76
#DIV/0!
#DIV/O!
155
COPS/SLES
160,000
218,337
136.6%
; <:
__..
85,059
57,717
67.9%
158
C.RV. f LITTER REMOVAL GRANT
33,896
30,193
89.1%i
37,462
1,527
4.1%
169
SUMMER MEALS PROGRAM
28,891
20,039
69.4%
. 29,500
19,881
67.4%
169
STATE PARK -BOND GRANT -
-
#D!VfO!
44,887
0.0%
181
MAINTENANCE DISTRICT#1
197,700
157,673
791%
235,510
- 172,226
73.1%
182
MAINTENANCE DISTRICT#2' -
83,800
65,619
783%
95,210
34,372
36.1%
183
WC CSS CFD .......
10,847
#DIVIO!
#DIV/O!
184
MAINTENANCE DISTRICT#4
1,037,700
439,421
42.3%;;;;;;'.
1,053,274
539,363
_ .
51.2%
186
MAINTENANCE DISTRICT #6
133,900
52,209
390%
136,729
61,931
45.3%
187
MA]NTEN AN0EDISTRICT #7
104,400
45,252
43.3%>
!
144,460
63,149
43.7%
188
CITYWIDE MAINTENANCE DISTRICT
1,474,635
570,461
403%
1,448,512
681,421
47.0%
189
SEWER MAINTENANCE
1,342,200
629,284
469%
<!
1,829,643
686,155
37,5%
190
BUSINESS IMPROVEMENT DISTRICT
87,000
IZ120
_.. 139%
;:
11t,338
36,578
32.9%•
193
BJA LLEBG 2000-2002
3
#DIV10!
.
#DIVIO!
194
OCJP- CLETEP
-
152
#DIVIO!'.
#DIV/0!
195
BULLET PROOF VEST GRANT
-
131
„DIV10
_..
-
-
»DIV/0!
196
STATE DOMESTIC PREP EQUIP GRANT
7,551
#DIV/0
__..........:
#DIV/O!
197
COPS/SRO
- 61
#DIVIO!
-
-
#DIV/01
198
OTS CSBCC GRANT
41,896
#DIV/0!
<;
- 74,443
13,335
17.9%
- 199
MTA GRANT
- -
693,973
#DIVIO!
-
-
#DIV/0!
203
CHARTER SETTLEMENT FUND -
-
1,569
#DIV/O!
167,293
84,709
50.6%
204
_............
COPS TECHNOLOGY GRANT
.._..__ ........_._.. __ ........... ..........__.._
197,446
__... ...,.__...
176,984
_..._.. _ __.........
89.6%i;:
i
20,462
...__....
20,a30
_._.. ___
99.8%
205
CHARTER PEG FUND
160,000
3,524
2.3%''
-
268,510
1,395
...... _........._.....__..
0.5%
206
2004HOMELANDSECURITYGRANT
-
- -
,.DIV/0
.,,.;>
- 2,818
-
- 0.0%
- 208
JUSTICE ASSISTANCE GRANT
-
#DIVIO!
39,695
12,877
32.4%
209
RIVERS & WAT ER CONSE RVATION
47,600 :
#DIVIO!
47,232
- 42,632
- 90.3%
210
LA COUNTY 5TH DISTRICT GRANT -
- -
- -
#DIV/0!
(45,503)
16,869
-37.1%
211
LAND& WATER CONSERVATION
160
#DIVIO!
39,328
26,886
68.4%
212
ART IN PUBLIC PLACES
-
15,342
#DIVIO!
-
11,700
#DIVIO!
213
STATE HOMELAND SECURITY GRANT
96,027
#DIVIO.
251
924
368.2%
214
USDOJ COPS GRANT
-
79,950
#DIVIO!
17,638
186
1.1 %
215
N AZUSA RELINQUISHMENT
-
9,432
#DIVfO!
991,351
665,454
67.1%
216
SAFE ROUTHES TO SCHOOLS GRANT
#DIV/0
30,053
0.0%
218
2006 HOMELAND SECURITY GRANT
- -
2,497
#DIV/0i
186,354
-
0.0%
219
FIRETRAINING .
15,000
17,895
119.3%_
15,000
4,908
32.7%
220
.._...__
WC COMMUNITY SERVICES FOUNDATION
..._.... ........ ........__ ........__.....
26,101
......... _...__.....
#D1Vf0!
12,250
#DIVIO!
221
POLICEPRIVATE•GRANTS
7,000
7,039
1006%
a._
__...... ..._...
7,000
_....__. ....._.._
_........._ ._..._.
0.0%
TOTAL-SPECIALREVENUEFUNDTYPES'
18,109,306
8,443,779
466%
;:
23,823,373
9,676,186
40.6%
t
CAPITAL PROJECT FUND TYPE
160 CAPITAL PROJECTS
161 CONSTRUCTION TAX
163 PARKS
170 PARK DEDICATION FEES "A"
171 PARK DEDICATION FEES "B"
172 PARK DEDICATION FEES "C"
173 PARK DEDICATION FEES "D"
174 PARK DEDICATION FEES "E"
175 PARK DEDICATION FEES "F"
176 PARK DEDICATION FEES "G"
177 PARK DEDICATION FEES "H"
367 CIP-VEHICLE
TOTAL• -. CAPITAL :'.P.ROJECT FUND -TYPE?
192,500
- 1,082,727
562.59(
12 5, 000
142,552
114.0 %
150,000
0.09(
-
989
#DIV/01
-
3,515
#DIVfo!
25,000
16,752
67.0%
-
43
#DIV/0!
-
2,153
#DIV/0!
-
1,182
#DIV10!
31,327
#DIV/0!
-
3
#DIV/0!
-
8,551
#DIV/0!
492,500
1,289,795
261.9%
3,622,213
1,009,654
2T9%
3,622,213
1,009,654
27.9%
-
20,319
#DIV/0!
1,289,963
675,845
52.4%
1,443,087
987,971
68.5%
1,344,214
550,451
40.9%
187,400
93,728
50.0%
2,100,000 1,548695 1 73.7%
6,364,664 3,877,010 60.9%
CDC Fund Transfers In/Transfers Out (6,752,600)
TOTAU-_CDC (mkt ttrhsfer�. `:i. 21.701.000
50,289,683
12.1
20,.763
2.5%
1,466,839
32.5%
6,072,627
41.2%
882,483
61.2%
0.0%
9.341.394
43.0%
23,961,631 47.6%
25,582,094
15,580,560
60.9%
629,378
112,270
17.8%
116,234
75,960
65.4%
99,394
93,785
94.4%
- 29,250
18,366
62.8%
349,578
108,162
30.9%
4,000
............ _.......
0.0%
......... ..................
...........................
158,490
27,329
17.2%
356,980
72,787
20,4%
#D V/0!
647,541
123,705
22.6%
28,073,834 _...,,...16,322,289,. 58.1%
3,622,213 2,207,396 60.9%
3,622,213 2,207,396 60.9%
125,713
20,317
16.2%
1,189,963
626,348
52.6%
1,467,968
659,483
45.2%
1,415,819
736,249
52.0%
187,400
88,800
47.4%
2,993,842
1,387,634
46.3%
71370,705
3,518,831
47.7%
4,153,272
4,797,544
347,350
4,372,200
14.721.830
........._..........._.........................................
1 790, 072
...... 43.1 %
1,797,594
_.,
37.5%
131,203
37.8%
3,199,056
732%
...... . ..
3,358,415
....... _...............
22.8%
159,269
7.7%
0.0%
23,699,276 .10 435,609 1 44.0%
86,589,402 42,160,311 48.7%
(6,752,600), .