Yeah, you can go through the rating process if you wouldn't mind the So I think in your packet you should receive something.

This is called the credit opinion from Moody's Investor Service.

And we wanted to spend a few minutes just to kind of break down how does the rating agencies kind of figure out what your rating is.

And if you go back to page five, there's a lot of information in here, but it really kind of boils down to page five.

They call this your quantitative credit score.

Everybody get to that page.

And it's it now up the top says uh methodology and scorecard factors.

So once everyone there, you can see here that uh they've broken this down into different categories.

Uh one of the categories is the economy, how well is the city doing, and in your case, the metro area.

Uh the second piece is the financial performance of the city.

Uh, then they also look at the institutional framework.

That would be like the state of Iowa and how you have to live within the rules of the state of Iowa.

Leverage, and then some uh some notching factors or non-notching factors.

So on the economy side, uh the first thing that they look at is the regiment residential income ratio, and they're trying to figure out what the median family income is based on census data.

And you can see that you're 0.88 point eight eight point two percent.

So you're less than the average of one one hundred percent.

And that's pretty typical what we see in larger communities uh for that.

But you can see that's 10% of your overall rating score, so they kind of tacked you in as an A category uh for that metric right there.

And that's got 10% uh overall of the rating.

Nothing you can really do about that.

It's it's kind of is the what the community is.

Uh just to give an example, the city Clive, for example, that are 160 percent.

So they feel that there's more wealth there, they can borrow more, and so on and so forth, is their uh their view of that.

I think from what they told me, what's if we went up to 100, that would help us.

That would I and I honestly think uh this is one of those factors that's holding you back.

It kind of is uh who you are.

If this went to 100, I do believe that that would help you get to that next level.

The other is the market value.

Uh, this is your market value of the community divided by the number of people that you have in the 136,000, that's actually really, really good.

Uh the data centers bringing a lot of valuation.

Uh the population is a little bit smaller, so any time you've got that kind of uh uh 136,000, that you can see that's in the double A category.

I don't see that very often.

Most cities in Iowa are an A.

So you're really gonna look at real well on that one.

And then the economic growth factor, they're trying to do some math on your GDP of the of the metro area.

Um and you can see uh you have your growth here at 0.4.

I normally see negative growth, is what I see in all the communities.

So you can see here uh that's a triple A category.

So the metro area here is uh live and well and doing really good for you.

And they've got you kind of categorized at a triple A.

This is about 30 percent of your overall rating.

Difficult for you to control.

It's just the community and the nature and where you're at, those types of things.

Now, this next category, financial performance.

Uh, you can see this is another 30 percent.

This is really the area that you can control quite a bit.

Uh average fund balance ratio.

So what they're doing there is they're trying to figure out of all of your uh operating cash that you have on hand relative to your operating revenues, uh how big how much financial flexibility do you have?

The higher that is, the the better the the uh indicator is.

In fact, uh this is your strong point here, which is a big component of your rating.

40 uh 6.2 percent, and you're in the triple A category.

Um that's 30 percent or higher is the triple A category.

So those strong fund balances, uh the the loss money, uh the general fund balances, they're looking at all back in the old days.

They just used to look at your general fund.

Now they're looking at your TIFF fund, they're looking at your sewer fund, they're looking at your utility funds, uh they're also looking at your road use fund, and they're just trying to assess the financial capability of the city in terms of cash on hand.

And as a detriment to the city, the state of Iowa would like to drive those lower.

Yeah, and by default, then if that gets driven lower, higher interest rate, which means the taxpayer pay.

That's right.

And so then your rating probably would go down uh because of that.

So it's it's uh I never like when they suggest that because it just every community does this differently, and I feel it's in the city's best interest to run your city the way you want to run it.