The 25th Annual Virginia Water and Wastewater Rate Report 2013

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1 The 25th Aual Virgiia Water ad Wastewater Rate Report 2013

2 The 2013 Surve: The data ad summaries oered i this report are the result o resposes rom muiipal water ad wastewater providers i Virgiia. A respose rate o 57% was reeived rom 268 surveed. Surve partiipats were asked to provide iormatio oerig the mothl residetial water bill based o osumptio o 5,000 gallos o water (or 670 ubi eet) per moth ad to ilude all water ad wastewaterrelated harges that are iluded o the ustomer s bill. The surve gave a opportuit to provide residetial rates both iside ad outside o muiipal boudaries where appliable. The were also asked questios oerig rates or a ommerial or idustrial ustomer usig 1 millio gallos per moth. The surve results are also available i a iterative Rate Dashboard, reated i partership with the EPA s Evirometal Fiae Ceter at UNC-Chapel Hill ad loated at For questios about water ad wastewater rates or alulatios iluded i this report please otat Sherl Stephes at sstephes@daa.om. Respose Breakdow 16% 44% 16% 24% Authorities Cities Couties Tows Deliig Residetial Demads: Aedotal evidee idiates that residetial demads are deliig aross the atio. The 2013 Draper Ade Assoiates Water ad Wastewater surve asked utilities to respod to questios about residetial demads. Based o the resposes reeived, 38% o the respodets idiated that residetial demads have dereased over the past 10 ears. Respodets idiated that the istallatio o low-l ow i xtures ad more ei iet appliaes, the eoomi dowtur ad ustomer s ost-osiousess are top ators attributed to lower residetial demads. Further, 89% o respodets idiated that this lower water usage is the ew ormal, idiatig that ma utilities believe that the lower residetial demads are ot just a temporar pheomeo. What is the average mothl residetial water osumptio o our ustomers? 5% 5% 13% 15% 13% How has the average residetial osumptio haged over the past 10 ears? More tha 5,000 gallos Approximatel 5,000 gallos 19% 24% 34% 38% Ireased Approximatel 4,000 gallos Approximatel 3,000 gallos Less tha 3,000 gallos 34% 4% 7% Dereased Staed the same Do't Kow Do't Kow Do ou thik deliig demads are a temporar patter or the ew ormal? 89% Temporar New Normal Do't Kow I the average residetial osumptio dereased whih o the ollowig has otributed to the hage? Low-Flow/Eiiet Fixture Istallatio Cost-osiousess Eoomi Dowtur Resoure Coservatio Coers Outdoor waterig patters have haged Utilit eouraged redutio o usage Other Raiwater harvestig Do't kow 0% 10% 20% 30% 40% 50% 60% 70% The data preseted herei was provided b respodets ad is assumed to be orret. I some ases, the respodet was otated iterviewed to veri or lari resposes. However, Draper Ade Assoiates, the Virgiia Assoiatio o Couties, the Virgiia Muiipal League, the Virgiia Setio o AWWA, ad the Virgiia Water Eviromet Assoiatio aot warrat the aura o the iormatio preseted i this report.

3 Cotrol Group Data: For the past 18 ears we have had a otrol group omprised o 20 water ad wastewater providers who represet a ross setio o utilities aross the Commowealth. The iormatio below is rel etive o the data olleted rom this group. The rates show rel et residetial harges based o osumptio o 5,000 gallos per moth. Year Average Water Rate Average Wastewater Rate 2003 $17.97 $ $18.25 $ $19.52 $ $19.94 $ $21.59 $ $22.50 $ $23.58 $ $25.00 $ $25.70 $ $27.25 $35.34 $40 $35 $30 $25 $20 $15 $10 $5 $ $28.34 $37.00 Average Water Rate Average Wastewater Rate Sie 2012 the average mothl residetial water rate ireased 4% ad the average mothl residetial wastewater rate ireased 4.7%. Coetio Fees & Capital Reover Charges: While ma utilities harge oetio ees ad apital reover harges, the terms used to desribe these tpes o harges var rom oe utilit to aother. For the purposes o this surve ad report, oetio ees are dei ed as harges or tappig ito the water mai ad ruig a lie to the water meter or tappig ito a sewer lie ad ruig a servie lie to the propert lie. Capital reover harges are harges or buig ito the existig sstem or harges that reogize the ost o addig apait to the sstem. Coetio Fees Capital Reover Charges Combied Coetio Capital Reover Charges Water Wastewater Water Wastewater Water Wastewater Average $2,279 $3,108 $4,331 $5,854 $3,831 $5,134 High $25,754 $21,600 $18,100 $22,750 $25,754 $23,000 Low $20 $150 $100 $500 $120 $175 Media $1,162 $1,575 $3,430 $4,960 $3,065 $3,900 B Sstem Size $7,000 $6,000 Water $7,000 $6,000 Wastewater $5,000 $5,000 $4,000 $4,000 $3,000 $3,000 $2,000 $2,000 $1,000 $1,000 $0 < 5,000 5,000-50,000 > 50,000 All Resposes $0 < 5,000 5,000-50,000 > 50,000 All Resposes Number o Coetios Number o Coetios

4 9 Water Rates: The tables below were ompiled rom all data ad are ot limited to the otrol group. Replies Avg. Media $50 Average Residetial Rates B Sstem Size Residetial Coetios ,227 2,053 No-residetial Coetios $45 $40 $35 $46.09 $42.81 Mothl Residetial Rate (I) per 5,000 gallos 150 $30.98 $29.70 Mothl Residetial Rate (Out) per 5,000 gallos 65 $45.07 $40.03 $30 $25 $20 $15 $10 $32.75 $27.62 $23.87 Mothl B/C/I Rate per 1 millio gallos 126 $5,394 $4,907 $5 $0 Iside Outside < 5,000 5,000-50,000 > 50,000 Abbreviatios: B/C/I = Busiess/Commerial/Idustrial; I = Iside Muiipal Boudaries; Out = Outside Muiipal Boudaries No utilit with > 50,000 oetios provided rates or ustomers outside o muiipal boudaries. Water Data Ke to table: Cost meas ustomer pas the ost o makig the oetio, Cost + meas the ustomer pas the ost to make the oetio, plus a additioal ee, DFU meas ustomer is harged that ee per the umber o draiage i xture uits i the household, Fixture meas ustomer is harged that ee per the umber o i xture uits i the household. Whe loalities idiated separate rate strutures or ommerial ad idustrial ustomers, ommerial rates were used. 8 () ' () ' % "# () '! #$ & % "# " * +! #$ & / % "# 5 7 & 4! 3 ". - 2!2 # 4 " / 6, 0 + & : ; < = ;= A B C D E F G H I J = : C E K IE F L M N O P Q R N M R M S L P T O U L V W L S U N M V U S W N V L U S U N M U V : ; ;= X K? D F A B C D E F L N U R U W Y U S O V T V V L V W R S Q N Q M W S W N V V V : ;E? H IZ E? N [ B \ D B ] W N U M W M U S P T P V S W P T Y V L V W R S W N P O V S R M V : > = ; I? A B C D E F G? D F ^ IZ I J E L P O W O Q S L L T O O L V V V S O N W Q U A B Z E _ L S U N V V V : > K Z E A B C D E F U N P W V M L W S R V T R Q L V W V S O N L P R S W N V O V S L N L U V : > K Z E N [ B \ D B ] W N W Q M W Q Q S R Y T M V S Q R T V V L V W R S P N W U Q S M V V S W N Q V V : ` ` B >? E E B a N [ B \ D B ] P W U L V W S L Q T O V L V W L S M N Q P Y S W N M V V S L N M V V ; I D X E B D A B C D E F R M N V P Y L N V P W S W P T P V L V W L S R N P Y V S R N L V V S Y M b ^ d : C X C Z E? A B C D E F G H I J = : C E K IE F W M N P V M W N V Q V S L P T L Q L V W R S O N M M P S W N V U V S L N U O M e? E K A B C D E F G H I J = : C E K IE F S L R T O V L V V Q S R N V V Y S W N V V V S W N W Q M e = ] g = X IB D? ; h? E : C E K IE F W W N Q R O W N W L R S R L T R V S M Y T Q U L V W R S M N O V W S L N M V V F H I ; ;= N [ B \ D B ] W N O V L L L V S R M T L M L V W R S Q N V M V A B Z E i W V j S M N L M V e IX G E B D = k? ` N [ B \ D B ] W N Y V U W N Y W L S R M T L O S M O T L R L V W R S M N O O Y S L V S W V V e ;? J l Z < X N [ B \ D B ] Y N Y W U R O M S L M T Q Y S O M T L M L V W R S O N M M R S W N Q L L S U V V

5 x x x x x x } w w } z w } x Ž z w } z w v w } z w Œ Ž z w Ž w } x Œ Ž šw Ž w w Œ ž } } v } z w z w } w v w w ƒ w x w m o p q r s t u } u } Š x w Š x w w x Œ ŽŠ ƒ Ÿ z w w x v w v } v w v ˆ } ˆ } v } } v w œ ƒ ª «± «± ² ² ³ ² ² µ ² ¹ º ³» ± ² ³ ± ¹ «² µ µ ¹ ² ¼ ½ ¾ «±» º µ µ ² ² ¹» ² ² ± ² ³ ± ¹ «µ ² ² ± «¹ ² ² À Á  ³ ³ à µ» ± ¹ ± ² ³ ± ¹ «² ± ³ «² ² ² µ «² ² ² À ¾ª Ä Å À «³ «³» ± ² º ² ± º ± à ± ² ³ µ µ «µ º ± «¹ ² ² À ¾¼ Æ ¾ À Ä ¾ ¾Å Ç ¾ ¾ ¾ ¼ à «± ¹ ³ «³ ² ³ ±» µ» ± ² ³ ± µ «³ ±» ² À Å ª Å Â «³ «¹ ² ³ ² ² ± ³ º ± ² ³ µ» «µ µ» «² ² ² È É Å Å Á Â Ê Ë ¾ È Ì À Í ¾ È Î É À ¾  º «²» ± û»» ± ² ² ± ² ³ ± à «¹ µ ± º º ¹ È Ï ¾ Ä É Å Ð Á  µ ³ º ¹ µ µ ± ¹ ± ² ³ µ ³ ³ «µ à à ± «² ² ² Á Å Ð Ñ Ë Á Â Ç ¾ ¾ ¾ ¼ Å ª Ì À Í ¾ È Î É À ¾  «¹ à ¹ ± º µ ² à ± ² ³ ± à «±» ³ «¹ ² ² ³ «² ² Á Å Ñ Á É Å À ¼ «³ «³ à ±» ± µ ± ² ³ µ» «º ¹» «² ² ² Á Å À À Á Â Ê Ë ¾ È Ì À Í ¾ È Î É À ¾  µ «³ ¹ ¹ ± ±» µ ² ± ² ²» «µ ² ² ³ «± ¹ ² Á É Å À ¼ Í ¾ «Á ¾  ³ ± «º» ¹ ³ «¹ µ µ µ µ ¹» ± ² ³ µ ¹ «³ ± µ ² µ «³ ² ² Á É ¼ Å Ñ Å Ï «Á ¾  µ ¹ ¹ ¹ ± ² ³ µ à «³ ³ ² µ «Ã º Á É ¼ À ª Á  ³ ³ à » ¹» «± ² ³ à ³ ± ² ³ µ ± «³ µ ² ³ «Ã ³ ¹» «º ¹ Á É ¾ È Å Ä «± «º ¹ ² ¹ ² ± ± º ¹ ± ² ³ ± ¹ «³ à ¹» «µ º Á Å À Ï Á Â Ì Å ¾ Å À Â Î É À ¾  µ ³ ¹ ³»» ¹ ± ² ³ µ «Ã ² ³ µ «² ² Á ¾ Ò À Ä «³ «Ã ² ² ± ² ² ± à ¹ ² ± ² ³ µ ¹ » à ² ² Á ¾Å Å È É «± «¹ ¹ à ³ ³» ±» ³ ² µ à ³ ¹ ± ² ³ ± ³ «± ±» ± «± ¹ ² Á À Å ¾Ä Ó Ô Á Å ¼ Ê Ë ¾ È Ì À Í ¾ È Î É À ¾ »» ³ º ² µ µ º ¹ ± ² ³ µ ³ ² «² ³ ± ± «² ² ² Á Ñ Ñ À Á  µ» ³ ³ ¹» µ ³ ³ ± ² ³ ³ Á Ñ Ñ À «¹ «Ã à ± ± à ± ² ³ µ µ «¹ º º à «¹ ² ² Á Ð Ë À Å ª Á  ±» µ º ² ² ± ² ² û «² ³ º µ «º ² Õ Å Í ¾ «Á ¾  ³ ¹ «µ º ± «¹ ³ ± ± µ» ± ² ³ µ µ «³ à ³ «¹ ² ² Õ ¾ ¾ª ª ¾ Á Â Ö Å À Î É À ¾  µ ² ³ º ± ³ º º ± ² ³ µ ± » ± «± à ² Õ À  ª Ö Å À Î É À ¾  ¹» µ» ¹ ± ± ² ³ µ» ¹ ² ³ ² ² Õ Ë ¾ «± «¹ ± ³ ³ ¹ ² ± à ¹ µ ¹ à ² ± ² ³ ±» «± º à à ³ ¹ Å ¼ Í ¾ «³ ¹ ± à ³ º ¹ ² ± ± ¹ ² ± ² ³ ² µ «¹ ² ² µ «² ² ² ª ¾ Ë À Ä «¹ ³ ³» µ» º ¹ ¹ ± ± ³ ± ² ³ µ ¹ «² ² ² Ð Ñ À ¾Å «Á ¾  ¹ «Ã ¹ º ¹» ± à ± ² ³ µ ¹ «³ ± µ «² ² ² Ò Å ¾ À Å Ø Ö Å À µ ³ ² «Ã µ «¹ ¹ ³» ¹ ± ± ² ³ µ ± «µ µ ³ ³ «² ¹ ² ³ µ «µ ¹ ² Ò Å ¾ À Å Ø «Á ¾  ³ ² «± º à ³ «µ ² ³ ± µ ± ³ ± ² ³ ±» «¹ º ¹ ³ «º» «² ² ² Ò Å À Ð Í ¾ «µ «² º à µ ± µ ² ² µ» ¹ ² ± ² ³ ±» «³» «² ² ² Ò À À Ð Ö Å À Ù Ì À Î É À ¾  ³ ± µ ± ² ² ± ² ³ ² ¹ «² à ¹ ³ «² ² ² ³ «¹ ² ² Ò À Å Ï ¾ «Á ¾  µ «±» ± ¹ ± ± à º º µ µ ¹» ± ² ² ± ± µ «¹ ² ² Ò À ª À ¾ È Ï Á Â Ì Å ¾ Å ¾ Î É À ¾  ³ ± «Ã ± à ³ «± ² ² ± º º ± ² ³ ± µ ¹ ± «± ¹ ² à «² ² Ò À ª À ¾ È Ï ¼ Ë À Ä «Á ¾  à «³ º ² ³ «º ² ³ ¹ º» ± ² ³ µ ± «µ ³ º «Ã ² ² µ «² ² ² Ò À Ú Â Å «Ã «µ ¹ º» ± ¹ ± ¹ ² ¹ ± ² ³ µ «µ ± ²» «µ» ² Û Å Å Ø «Á ¾  ± ² ²» ² ² ± ² ¹ ²» ³ ² ² ± ² ³ ² µ «² µ ³ ³ «² ² ² Û Å Á ¾  «³ «² º ³ ¹ ±»» ² ² ¹ ³ ² ² ± ² ³ ± º «² ² à ¹ ² Û Ü Â «³ ² à º» ³ à ¹ ±» ¹ ± ² ³ ² Û È ¼ À Á  ¹ «² à º ± ¹ ² ³ ± ² ³ µ ³ ² «µ º µ «¹ ² ² ¹ ² ² Û È É Å ª Á  ± ± ³ µ ± ¹ ² ± ² ³ µ º «³ ²» «² ² ² Û À Å Â ¼ Á » ² ² ± ¹ µ º ¹ ² ± ² ² ² ² Û À ¼ Í ¾ Á Â Ö Å À Å ª Ì À Î É À ¾  ± à º ¹ ± ² ³ ± ¹ «Ã ± ² Û À Å «¹ ¹ ³ ± û ¹ ¹» º ± ² ³ ±» «± ² µ ² ² } z w x v w w Ÿƒ v w } } šw }

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7 k l o t k l o t l k x l k o l k x k q s s ol p o j o j q r p m j ol p l k q ƒ r m j p m j i j ol p m j q m j ƒ ol p l k s w s ˆ s j w ƒ j q o j o j ol p r Œ p i p m j m j p s j i j o j u v o j l k o j ` a b d e g h r p h r p } l k o j } o k o j o j l k } ol v m j l j k i j i p i j i z p z Š p i p r p Ž i j v š œ ž Ÿ Ÿ Ÿ ª «««««š ± ² š ³ µ ž œ Ÿ µ œ ¹ º º ª ««« Ÿ ¼ œ ««««ž ½š ² ¼ Ÿ Ÿ ª «ª «««º º ««ž ¾ Ÿ ²» œ ¹ Ÿ º º º ª ««««««Ÿ ž À µ ² Á» Ÿ œ ¹  À ½ ž ³ µ ž œ Ÿ µ œ ¹ ª «««««Ÿ ž Á š ¾» Ÿ œ ¹ º ª ««º º Ÿ ž ¹ à Ÿ œ Ÿ Ÿ «º ª ª «««««Ÿ ² Ä ½ ½ Ÿ Ÿ «ª ««ª «««««µ š ½ œ µ š œ Ÿ Ÿ ««º ª ª «««««««¼ ¼ ½ ½» Ÿ œ ¹  À ½ ž ³ µ ž œ Ÿ µ œ ¹ «ª ««««º «¹ Å š ½ ½ ¹ Æ š œ µ œ Ÿ µ œ ¹ «ª «««º «««««³ š ½ ¾» œ ¹ Ÿ ª º «º ««³ ¾ œ Ç ½² Ÿ Ÿ ««ª º ª º «««³ ¾ ¹ œ» Ÿ œ ¹ º ª «º «³ Ÿ œ Ä ½ ½ Ÿ Ÿ º «ª ª ««º ««««³ Ÿ œ š ¾ ± œ Ÿ» Ÿ œ ¹ «º º ª «««««³ ± Ÿ œ ¼ ¹ ½ š š» Ÿ œ ¹ º º ª ««º º º «º «³ œ š Ÿ µ ²» Ÿ œ ¹ º ª ««º ««³ œ š ½ ¹ Ÿ Ÿ «ª «ª «««³ œ š œ Ÿ» œ ¹ Ÿ «º ª º ª «««««³ œ ± ¼» œ ¹ Ÿ Ÿ «««ª «ª ««³ œ Ÿ ¹» µ ³ š œ š µ ¹ È ¼ œ µ ž œ º «ª «««««««³ œ µ š ¼ À µ Á Ÿ Ÿ º ª «ª «º «³ Ÿ ½» œ ¹ Ÿ º º ª «««º «««³ µ µ ¹ Ÿ Ÿ «ª º ª º ««º «««³ ¼ ¼ É ³ µ ž œ Ÿ µ œ ¹ º «ª ««««««š ± ± š š Ÿ ž Ÿ Ÿ «º ª º ª «º ««š Ê ½ ½ Ÿ Ÿ ª ª º «º «¾ À µ ½ ½ Ÿ Ÿ ª «ª «º «««Ÿ ¾ ¼ Ë µ Ÿ Ÿ à š µ µ œ Ÿ ³ š œ š µ ¹ È ¼ œ µ ž œ ª ««««««Å ž œ Ÿ µ š Ÿ Ÿ «ª ««««Å š Ÿ Ÿ «º ª ««º ««Å œ Ÿ Ÿ Ÿ ««««««ª ««Å µ Á š Ë š ž  À ½ ž Ì œ ½ œ ¼» œ ¹ Ÿ «ª ««º» Ÿ ¼ œ º Í È Î Ì Æ š µ µ œ Ÿ Ÿ Ÿ ª «º ª º ««« Ÿ ¼ œ Æ š ¼ Á œ Ÿ» Ÿ œ ¹ ³ µ ž œ Ÿ µ œ ¹ º º ª ««º «««Æ š ¹ ¼ À Ÿ µ Ÿ» œ ¹ Ÿ º º «º ª ª «««Æ ¼ œ  Ÿ œ Ÿ Ÿ «º º ª ««««º ««««Æ ¼ œ µ Å µ Á š Æ š œ µ œ Ÿ µ œ ¹ Ï Ð Ñ Ò Ó Ô Õ Ö Ó Ø Ù Ó ÚÛ Ü ª ««««««««««Æ ¼ œ µ Å µ Á š Æ š œ µ œ Ÿ µ œ ¹ Ï Ý Ø Ò Ó Ø Ô Þ Ö ÚÛ ß Ø àü º «ª «º ««««««Æ ž ¼ œ µ» œ ¹ Ÿ º º º ª «º ª «º ««««Æ ² ¼ Ÿ µ Ÿ Ÿ «º ª «ª ««««««««Æ Ÿ Ÿ ² š ¹ Æ š œ µ œ Ÿ µ œ ¹ «ª ««««««Æ ¹ œ» Ÿ œ ¹ ª ««««º «««««Æ ¹ œ ½ ½ Ÿ Ÿ º ª º ª ««q ol p m j l k i j s j v i j q lo p p j s Œ p

8 í î ñ î í ö í î ñ î í û ÿ î í ñ ÿ î í û í ü Wastewater Rates: The tables below were ompiled rom all data ad are ot limited to the otrol group. Replies Avg. Media $70 Average Residetial Rates B Sstem Size Residetial Coetios ,870 1,652 No-residetial Coetios $60 $50 $63.09 $51.73 Mothl Residetial Rate (I) per 5,000 gallos 142 $39.88 $38.50 $40 $30 $40.58 $36.75 $37.81 Mothl Residetial Rate (Out) per 5,000 gallos 52 $61.33 $53.93 $20 $10 Mothl B/C/I Rate per 1 millio gallos (I) 120 $6,731 $6,016 $0 Iside Outside < 5,000 5,000-50,000 > 50,000 Abbreviatios: B/C/I = Busiess/Commerial/Idustrial; I = Iside Muiipal Boudaries; Out = Outside Muiipal Boudaries No utilit with > 50,000 oetios provided rates or ustomers outside o muiipal boudaries. Wastewater Data Ke to table: Cost meas ustomer pas the ost o makig the oetio, Cost + meas the ustomer pas the ost to make the oetio, plus a additioal ee, DFU meas ustomer is harged that ee per the umber o draiage i xture uits i the household, Fixture meas ustomer is harged that ee per the umber o i xture uits i the household. Whe loalities idiated separate rate strutures or ommerial ad idustrial ustomers, ommerial rates have bee prited. ó ö ú ñî ñ ñ ï ó ñî ö ï ö ó ö ó ö ï õ ö ñ ñ ñî ñ ï ï õ õ ñî ñ ñ ó í ñ õ ñî õ î ô õ ñî ù í ñ ú í ñ ï í î ñ ï ø ù í í ñ â ã ä å æ ç è é ê ô ê ô ô ÿ î ñ í í ñ ô ÿ ñ ñ ï í ñ í î í î í üý þ üý þ ô ù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ó ñî ï î í ö ù ó îñ ö á

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10 Ñ Ò Õ Ô Û Ò Ñ ÚÐ Ñ Ò Õ Ô Û Ò Ñ Ô ß íî ê å Ò Ñ Õ íî ê å Ò Ñ Ô ß Ñ íî ê å ä Ú Þ ÕÒ Ö Õ Ð Ô Õ Ð Ó Ð Ï Ö ÕÒ Ö Ú Ó Ð Ú Ú Ú Ó Ð ÙÖ ù Ð ôð Ú Ô Õ Ð Õ Ð ÕÒ Ö Õ Ð Ó Ð Ó Ð ÙÖ ÙÖ Ô ÙÖ æ è é ÕÒ Ö Õ Ð Õ Ð Ô Ñ Õ Ð è é Ô æ ç ç Ô ÙÖ Ò ï æ è é ÕÒ Ö ç Ø ó Ö Ö ÙÖ Ô ÕÒ Ý ø Ñ Õ Ð ÔÞ Ï Ð Ñ Õ Ð Ó Ð Ñ Ò Õ Ð Ó Ð Ü Ý Ñ Ñ Õ Ð Æ Ç È É Ê Ë Ì Í Î Ø Ö Î Ø Ö Ï Ð Ø Ö ã ä Ò Õ Ð Ñ Ñ Õ Ð Ï Ö Ï Ð Ø Ö ã ä Õ Õ Ð ÔÐ ê Ó Ð Ñ Õ Ð Ñ Ò Ñ æ Ò ÔÐ Ñ Ô Ï àá â Ö àá â ñ Ö Ï Ö Ø Ö õ é Ï Ð àö Ý ÿ ÿ! ÿ "!!! ÿ # $ % & ' & " & & (!! ) & ( " * +,, -. / %! 5 "! 5 % 6 %!!!! 7 & " " 7 & * +,, 8 9 : ; 1 7 & 7 " %! < " 7 = %! 7 ' &!!! 7 " & ' & A B C D E F B G A D D H I! " 7 " & ' & > J L F G F F E M F I " 7 " &!! 7 "! 7 %! N & "!! N %!! N! N & N % (!! N ) & O "! P "! P " > Q K L B D A R A D D L I! P " > T K L R F L I! P 5! P # P " P O! P! U & O!! U & %!! & " %!! % 6 & #! " & &! & &! V &! & " O & % & " O!!!! W &!! $ & # &!!!!! " $ & "!!! ÕÒ Ö Ô Ó Ð Ò Ñ Ï Ð ü Ú ûð øý Ï Ð ÒÕ Ö ú Ö ôð Ú ó Ö ý þ

11 d dg m d lb dg m d d q } w d d g } w d q b d d d Œ i gd h i gd h g b l g b l g b p e b g b l i gd h g b l e b i e b kh kh kh x z gd h g b l a e b e b kh b g kh g b p à b g b e b o g b e b x z b g b l h } b l Ž b x z i i Šo w j h gd h h kh gd o gd h Š a b g b u v g b g b u v g g b }v i e b g b b e b x dg h X Y Z [ \ ] ^ _ j h ` j h a b j h a h rs t a b j h a h rs t ƒ h a h j h l b h rˆ a b o a b h Ä Å Æ Ç È É Ê Ë Ì Í ÅÎ Ï É Ð Ñ Ò Ì Ò Ó Ô Ô Ì Ò Ó Õ Ö Ñ Ñ Ø Ù Ø Õ Ò Ú Ö Ô Ì Õ Û Ó Ó Ø Ö Ø Õ Õ Ö Ò Ì Ø Ñ Õ Ä É Æ Ü Ý Þ ÅË ß à Í É á Ê Î Ï â á Ý ã Å Æ ä à Þ å Å Æ à æ á Î Ç É Þ ÅÎ Ï Ò Ì Ø Û Ø Ø Ñ Ô Ö Ñ Ñ Ñ Ò Ø Õ Ò Ø Ö Ô Ñ Õ Ö Û Ì Ñ Õ Õ Ä É Æ Ü Å Ê ß Ç ç È Í É á Ê Î Ï Ø Ó è Ø Ø Ô Ö Ø Ñ Û Ñ Ø Õ Õ Ù Ö Ñ Ì Õ Ù Õ Õ Õ Ö Ñ Ì Ù Ø Ñ Ä É Æ Ü Ï é É á Ê Î Ì ê É Ê É Ð Ò Ì è Õ Ú Ú Ò Ú Ö Ò Ù Ò Ò Ö Ú Ô Ø Ø Ø Õ Ò Ú Ö Ú Ì Ò Û Ù Ò Ò Ö Ò Ì Õ Õ Õ Ä É á Ê Ë Å ã ã Ì ê É Ê É Ð Ò Ì Ò è Ô Ø Õ Ö Ñ Ó Ù Õ Ö Ô Ñ Ú Ñ Ø Õ Ò Ø Ö Ô Ø Ñ Ä á Þ ç ã Ä à Î Þ à ç Î Ì ê É Ê É Ð Ô Ô Ñ Ù Ô Ö Ø Ô Ù Ñ Ø Õ Ò Ú Ö Ñ Ì Ñ Û Ñ Ó Ñ Ö Û Õ Õ ä ç ãà È Ì Í ÅÎ Ï É Ð Ô Ì Ú è Ô Ò Ì Õ Ø Ú Ö Û Ú Ù Ø Ø Õ Ò Ú Ö Û Ì Ô Ñ Õ Ø Ô Ö Ò Ì Ù Õ Õ ä È ÅÎ Ç í à ãë Ì ê É Ê É Ð Ú Ì Õ Õ Ó Ú è Ñ Ö Ñ Ú Ú Õ Ö Ñ è è Õ Ø Õ Ò Ø Ö Ú Ì Û è Ñ Ö Û Ì Ò Ø Õ ä È Ï Î Ç Í É á Ê Î Ï Ù è è Ñ Ù Ö Ñ Õ è Õ Ø Õ Ò Ø Ö Ù Ì Ù Ø Ø Ò Ø Ö Ó è Ñ ä É á Î Ç Å ã ã Ì ê É Ê É Ð Ò Ì Ô Û Ù Ú Ù Ó Ö Ú Ú Ô Ø Ö Ó Û Ú Ñ Ø Õ Ò Ú Ö Û Ì Ú Õ Ò Õ Õ Ö Ò Ì Ñ Õ Õ ä É á Î Ç ç È î Î É Ê Í É á Ê Î Ï Ò Ì Ø Ù Û Ò Ó Ú Ö Û Ò Õ Õ Ø Õ Ò Ø Ö è Ì Õ Õ Ó Õ Õ ä î É Î ï Ï ãå ç Ê Åç Í É á Ê Î Ï Ø è Ì Ó Û Ù Ò Ì Ó è Û Ö Ø Ñ Ó Ù Ø Õ Ò Ú Ö Ñ Ì Ú Ø è Ù Ø Ö Ø Ì Ø Ø Õ Ö Û Ì Ù Ø Õ ä Î ç Ð Ð É Þ Ë Í É á Ê Î Ï Ú Õ Ì Ø Õ Õ Ò Ì Ò Ñ Û Ö Ú Ò Ù Ô Ø Õ Ò Ø Ö Û Ì Ô Ò Ñ Û Ñ Ö Ø Ì Ò Õ Õ Ö Ú Ì Ñ Õ Õ ä Î ç Ê ãà Ï Ì ê É Ê É Ð Ù Ø Ô Ó Õ Ö Ú Ú Ú Ø Ö Ú Ñ Ú Õ Ø Õ Ò Ø Ö Ò Ì è è Ø Õ Õ Ö Ú Ì Õ Õ Õ Ö Ò Ì Ó Ø Ñ ä Î ç á Ê Î É Ê Ì Í ÅÎ Ï É Ð Ô Ì Õ è Ú Ò Ì Ò Ù Ó Ö Ú Ø Ó Ù Ö Û Ù Õ Ú Ø Õ Ò Ú Ö Ó Ì Ñ Ú Ù Õ Õ Ö Ø Ì Ò Õ Õ Ö Ñ Ì Ò Õ Õ ä Î à î Ç à Ê ï Í ÅÎ Ï Ì ê É Ê É Ð è Ø Ñ Ñ Õ Ö Û Ó Ù Û Ö Ó Ò Û Ú Ø Õ Ò Ò Ö Ò Ø Ì Ñ Ú Û ä Î É Ê à Ï Í Þ à à Ü ä ç Ê ÅÎ ç Þ Ï Åï Î Þ Å Æ Î Ò Ì Ñ Ù Û Ö Û Ó Õ Õ Ø Õ Ò Ú Ö Ó Ì Ñ Ò Ú Õ Õ Ö Ô Ì Ñ Õ Õ ä Î Þ ç ï Ý á Þ ß Ì ê É Ê É Ð Ø Ì Û Û Õ Ò Û Ù Ö Ñ Ñ Ñ Ô Ö è è Ô Ò Ø Õ Ò Ú Ö Ò Û Ì Ò Ó Ò Õ Û Ö Ò Ò Ì Ô Ø Ñ ä á Ð Ð É ã Ü Ì Í ÅÎ Ï É Ð Ø Ó Ì Ø Ù Ú Ò Ì Õ Ô è Ö Ó Ø è Ô Ø Õ Ò Ú Ö Ò Ø Ì Ñ Ñ Ñ Õ Õ Ö Ò Ì Û Ñ Õ Ö è Ì Ô Ù Ñ ä á Þ Þ Ï Ì ê É Ê É Ð Ø Ò Û Ñ Õ Ö Ú è Ó Ñ Ö Û Ó Û Õ Ø Õ Ò Ø Ö Ò Ì Ñ Õ Õ ä á ï ï à ñ ä à Þ å Å Æ à æ á Î Ç É Þ ÅÎ Ï Ò Ì Ò Ú Ù Ù Ô Ö Ú Õ Õ Õ Ø Õ Ò Ò Ö Û Ì Û Û Õ Õ Õ Ö Ø Ì Õ Õ Õ ê ç î î ç Ç ç Ê Ê É Æ Ü Ì ê É Ê É Ð Ù Ó Ñ Ø è è Ö Ñ Õ Ú è Ö è Ñ Ñ Ò Ø Õ Ò Ø Ö Ù Ì Õ è Ñ Õ Ø Ö Ó Ì Ù Õ Õ ê ç à à ã ã Ì ê É Ê É Ð Ò Ì Ó Ø Õ Ø Û Ú Ö Ú Ù Ó Ñ Ö Ñ Ù Ñ Õ Ø Õ Ò Ú Ö Ñ Ì Ú Ò Ú Ò Ñ Ö Ñ Û Õ ê Å È Ý à Þ å Å ã ãà Ì ê É Ê É Ð Ò Ì Ò Ó è Û Û Ö Ø Ú Û Ù Ö Ú Ø Û Ø Ø Õ Ò Ú Ö Û Ì Ú Õ Ò Ò Ó Ö Ú Ì Õ Õ Õ ê É È ï ó Þ É É Ü ô é ç á Þ à Þ Î É Ê ä ç Ê ÅÎ ç Þ Ï Åï Î Þ Å Æ Î Ñ Ù Ô Û Ò Ö Û Ø Ñ Õ Ø Õ Ò Õ Ö Ô Ì Ñ Õ Õ õ Å Æ Î É Þ Åç Ì ê É Ê É Ð Ô Û Õ Ñ Û Ö Ø Ò Ñ Ô Ø Õ Ò Ò Ö Ø Õ Õ õ Åà Ê Ê ç Ì ê É Ê É Ð Ô Ì Ô Ñ Ó Ñ Ú Ô Ö Ú Ñ Ù è Ø Õ Ò Ø Ö è Ì è Û Ñ Ö è Ì Ó Ø Ñ õ Å Ê Î É Ê Ì ê É Ê É Ð Ò Õ Ì Õ Õ Õ Ñ Õ Õ Ö Ò Ó Û Ñ Ø Õ Ò Ú Ö Ú Ì Û Ú è Ñ Ó õ Å Þ ß Å Ê Åç ó à ç Æ Ç â á Ý ã Å Æ ö Î Å ã ÅÎ Åà ï Ì Í ÅÎ Ï É Ð Ò è è Ì Û Ú Ñ Ñ Ì è Ø Ø Ö Ñ Ò Û Ù Ø Õ Ò Ú Ö Ñ Ì Õ Ù Û Ó Õ Í É ï Î ø ù ú û ü ý þ ÿ ç Þ Þ à Ê Î É Ê Ì ê É Ê É Ð Ú Ì Ô Ñ Õ Û è Û Ö Ø Ù Û Õ Ö Û Û Ò Õ Ø Õ Õ Ú Ö Ó Ì Ø Õ Õ Õ Õ Í É ï Î ç ï Ç Å Ê ß Î É Ê Í É á Ê Î Ï ä à Þ å Å Æ à æ á Î Ç É Þ ÅÎ Ï Ø Ì Û Ó Ô Ø Ù Ñ Ö Ø Ù Õ Õ Ø Õ Ò Ø Ö Ñ Ì Õ Ù Ø Ø Ó Ö Ù Õ Õ Ö Ø Ì Ù Õ Õ ç Ï Ê à ï Ý É Þ É Ì Í ÅÎ Ï É Ð è Ì Õ Ó Û è Ô Ù Ö Ñ Õ Õ Ñ Ö Ñ Ú Ô Ñ Ø Õ Ò Ø Ö è Ì Ó Ù Ò Ò Ñ Ö Ô Õ Õ Ö Û Ì Ø Ñ Õ à ï Î à Þ Ê õ Å Þ ß Å Ê Åç ç Î à Þ æ á Î Ç É Þ ÅÎ Ï Ñ Ó Ø Ô Ö Û Ù Õ Õ Ø Õ Ò Õ Ö Ô Ì Õ Ò Ø Ñ Õ Ö Ø Ì Õ Õ Õ Ö Ù Ì Õ è Ñ à ï Î à Þ Ê õ Å Þ ß Å Ê Åç ç Î à Þ æ á Î Ç É Þ ÅÎ Ï Û è Ì Ô è Ô è Ì Ó Ø Ò Ö Ø Ù è Ñ Ø Õ Ò Ú Ö Ú Ì Ô Ó è Ñ Õ Ö Ø Ì Õ Õ Õ Ö Ø Ì Ñ Õ Õ Å Ê Æ Ç à ï Î à Þ Ì Í ÅÎ Ï É Ð Ù Ì Ô Ò Õ Ò Ì Û Õ Õ Ö Ñ Õ Ô Õ Ø Õ Ò Ú Ö Ò Õ Ì Ò Ó Õ Õ Õ Ö è Ì Û Õ Õ Ï Î Ç à Í É á Ê Î Ï Ñ Ô Ú Ù Õ Ö Ú Ñ Ô Õ Ø Õ Õ Ú Ö Ô Ì Ô Ó Ù Ó Õ Ö Ñ Õ Õ Ö Ñ Õ Õ Ï Î Ç à å Å ã ãà Ì ê É Ê É Ð Ú Ì Ô Ò Ñ Ó Ô Ø Ö Ø Ñ Ú Ô Ö Ñ Õ è Ó Ø Õ Ò Ø Ö Ñ Ì Ó Õ Ó Ú Õ Ö Ò Ì Ñ Õ Õ š œ œ ž Ÿ Ÿ œ š œ œ Ÿ ž Ÿ Ÿ œ œ œ ž Ÿ œ ª œ «ª œ ž ± œ ² š ³ ž ³ œ ³ Ÿ Ÿ µ œ š š œ œ Ÿ œ š œ š Ÿ ª œ œ ž œ œ ² œ œ š Ÿ œ Ÿ œ š œ š Ÿ œ ¹ º» ¼ ž œ Ÿ š œ œ ½» ¾» ž œ Ÿ š œ œ š œ À º ½ Á Á Á š «À œ  Ÿ Ÿ œ Ÿ ž œ œ Ÿ ª À à ¼ ¾ œ š Ÿ Ÿ

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