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Attachment B There are several positive subjective adjustment factors for this score, some of which include future projections, if access to external liquidity is the City of Roseville point adjustment lower. However, the minimum score in this category is 1.0 so unless there are negative adjustments to offset the positive adjustment mentioned above, there is no impact to this score. Negative adjustments include an expected decline in the score, access to external liquidity is uncertain, high refinancing risk over the next 24 months, aggressive use of investments, and exposure to other contingent liability risks that could come due in the next 12 months. any of these apply to the City of Roseville, therefore the initial liquidity score of 1.0 applies. This portion of the analytical framework, which the City of Roseville has control over, is weighted 10% of th portion for the Liquidity Score is 0.1 x (1.0 x 10%). Based on the prior criteria, 2 (0.2 + 0.3 + 0.2 + 0.1 + 0.3 + 0.1). Debt & Contingent Liabilities Measures the annual fixed cost burden that debt places on total City expenditures and on the revenue position of the City. The debt and contingent liabilities score is based on total governmental funds debt service as a percentage of total governmental funds expenditures and net direct debt as a percentage of total governmental funds revenue. The projected governmental funds debt service ($3,472,417) as a percentage of total governmental funds expenditures ($37,677,970) is 9.2%. Net direct debt of the City ($31,452,234) as a percentage of total governmental funds revenues ($32,672,024) was 96.3%. Based on the table below, this results in an initial budget liquidity score of 4.0. The positive adjustment factors for this score are not subjective. A one point reduction in the score occurs if the overall net debt as a percentage of market value is below 3%. An additional one point reduction is if more than 65% of debt is coming due within the next 10 years. The City of Rosevil as a percentage of market value is 0.8% ($31,452,234 / $4,168,694,614) and e retired in the next 10 years.