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8 <br />Lino Lakes Rationale for Rating <br />•The rating on the bonds reflects: <br />–Very Strong Economy with access to broad and diverse metropolitan <br />statistical area; <br />–Strong Management, with good financial policies and practices (more <br />next slide); <br />–Strong budgetary performance with operating surpluses in the general <br />fund and at the total governmental fund level in 2017; <br />–Very strong budgetary flexibility; <br />–Very strong liquidity and access to external liquidity; and <br />–Debt with rapid amortization of 71.7% scheduled to be retired in 10 <br />years