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2019_0318_CCPacket
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2019_0318_CCPacket
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4/25/2019 1:50:04 PM
Creation date
4/4/2019 12:43:23 PM
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
3/8/2019
Meeting Type
Regular
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Attachment B <br />2. S&P Global Ratings Indicative Rating <br />Institutional Framework Assesses the legal and practical environment in which the local <br />government operates. <br />The institutional framework score results from the average of the scores for <br />predictability, revenue and expenditure balance, transparency and <br />accountability, and system support. Each score receives equal weight in the <br />average. <br />All governments of the same type within the same state receive the same score <br />in this category based on the legislative and functional environment under <br />which these local governments operate. S& P Global ranks Minnesota <br />communities This would result in a score of 2.0. <br />Score RangeInstitutional Framework Score <br />11.51 (very strong) <br />1.752.752 (strong) <br />3.03.753 (adequate) <br />4.04.54 (weak) <br />4.755.05 (very weak) <br />This portion of the analytical framework, which the City of Roseville has no <br />control over, is weighted 10% redit rating. Therefore, the <br />portion for the total Institutional Framework is 0.2 (2.0 x 10%). <br />Economic Score Assesses both the health of the asset base relied upon to provide both <br />current and future locally derived revenues as well as the likelihood of <br />additional service demands resulting from economic deterioration. <br />The economic score is based upon the effective buying income of the City of <br />Roseville as a percentage of the U.S. and the taxable market value per capita. <br />Effective buying income reflects income less taxes and other deductions. <br />For 2015/2016, Rosevilleeffective buying income is $56,630, or 121% of the <br />National effective buying income of $46,738. <br />is projected to be $120,849 ($4,168,694,614 / 34,495).Based on these two <br />factors the initial Economic Score for the City is 2.0. <br />The positive subjective adjustment factors for this score include a large broad <br />economy at the MSA level or an institutional presence in the community. <br />Negative adjustments would result from a declining or aging population, high <br /> <br />
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