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Budgetary Performance - Elk River <br /> q STANDARDBPOOR'S Hot Topics Credit Tools Infographics Understanding Ratings <br /> RATINGS SERVICES <br /> S&P's U.S.Local Governments Ratings Criteria► <br /> US LOCAL GOVERNMENTS Create Scenario <br /> Elk River Overrides <br /> Indicative Rating' •••••••••.••••••••••••. Illustrative Issuer <br /> Credit Rating Range' <br /> Request an S&P Rating <br /> Adjust the Score:Budgetary Performance + Positive Impact ?) — Negative Impact <br /> Total Governmental Funds Net Result(%) Expected structural improvement:If projections <br /> for the current year and following year suggested <br /> a better initial score,the score would improve by <br /> General fund net �-1 -1 to-5 -5 to-10 -10 to-15 5-15 one point.The score would improve by two <br /> result I%) points only if required adjustments to revenues <br /> or expenditures to produce the result were <br /> 3 I g I Q I already approved. <br /> No Yes(1 pt) Yes(2 pts) <br /> -1 to 5 <br /> 1 Expected structural deterioration:If projections <br /> for the current year and following year suggested <br /> a worse initial score,the score would worsen by <br /> one or two points.To worsen by two points, <br /> expected performance must fall to the <br /> commensurate level within the current year. <br /> SCORE AFTER ADJUSTMENT <br /> These are not Standard&Poor's Ratings Services credit ratings.Read our full diwlairne <br /> Public Sector Advisors 14 Springsted <br />