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II I II II2 III I liiii III III Iillll III II C�IlU I II C u Key Immmmmm II IIII IIII Illr Exhibit 1 Lexington(Town of)MA 2020 2021 Aaa IMe 'iins Economy Resident income ratio(%) 259.1% 268.5% 253.7% N/A 173.2% Full Value($000) $10,863,785 $12,008,479 $12,008,479 $13,471,182 $8,668,233 Population 33,480 331340 33,304 34,235 36,139 Full value per capita($) $3241486 $360,182 $360,572 $393,492 $225,444 Economic growth metric(%) N/A 0.7% 0.5% 0.7% -0.6% Financial Performance Revenue($000) $270,188 $290,393 $304,853 $314,265 $101,271 Available fund balance($000) $116364 $109,936 $116,230 $115,572 $60,284 Net unrestricted cash($000) $1741041 $1851652 $1711268 $1661069 $85,080 Available fund balance ratio(%) 43.1% 37.9% 38.1% 36.8% 62.5% Liquidity ratio(%) 64.4% 63.9% 56.2% 52.8% 89.9% Leverage Debt($000) $193,251 $219,206 $238,964 $217,687 $71,359 Adjusted net pension liabilities($000) $95,021 $1241707 $155,597 $207,877 $120,889 Adjusted net OPEB liabilities($000) $2111241 $213,653 $266,565 $293,285 $14,025 Other long-term liabilities($000) $1,552 $11730 $21272 $2,341 $3,650 Long-term liabilities ratio(%) 185.5% 192.6% 217.6% 229.5% 257.7% Fixed costs Implied debt service($000) $0 $14,239 $15,982 $17,113 $4,843 Pension tread water contribution($000) $1,431 $1,516 N/A N/A $3,247 OPEB contributions($000) $9,372 $81103 $81427 $81884 $517 Implied cost of other long-term liabilities($000) $0 $114 $126 $163 $244 Fixed-costs ratio N 4.0% 8.3% 8.5% 10.4% 11.3% For definitions of the metrics in the table above please refer to the�.0 �_id s_ _nd Counties Medha�dolc� or see the Glossary in the Appendix below.Metrics represented as N/A indicate the data were not available at the time of publication.The medians come from our most recently published�.US Ciitii s nd C u�u_irn ii s Median R . The Economic Growth metric cited above compares the five-year CAGR of real GDP for Boston-Cambridge-Newton,MA-NH Metropolitan Statistical Area to the five-year CAGR of real GDP for the US. Sources:US Census Bureau,Lexington(Town of)MA's financial statements and Moody's Investors Service,US Bureau of Economic Analysis IP Ilr "IIII te Located in Middlesex County,the Town of Lexington is a wealthy suburb 11 miles northwest of the. _i.ty of If3ostoin (Aaa stable).The town has a population of 34,235,as of the 2021 American Community Survey. ,,, t fill Ilr IIII t IIII IIII it " IIII IIII IIIII'IIIIIII',c l Irn :G,IIII�° 11l IIII *Ii IIIItl III In d l ocal,,ec IIII II�rny&n6II III° IIby weattIlyI o it .IIIII °t hill fsec°t III Lexington's local economy is expected to continue growing given its strong residential market and ongoing demand for commercial and industrial space, primarily related to life science and biotech industries.The town additionally benefits from its proximity to Boston.The local economy is part of the strong greater Boston MSA with a 0.7%growth rate (Boston MSA five-year CAGR of real GDP compared to the US GDP growth rate). The town's economic development plans remain strong and focused on rezoning initiatives for higher density areas and to continue to focus on providing laboratory and manufacturing space to support life science, biotech and pharmaceutical industries. Management reports very limited vacancy in commercial properties with newer buildings being fully leased before completion, reflecting very high demand.The town's top ten largest taxpayers collectively equal 8.75%of 2023's full value;the largest taxpayer, :::Iak a I harmaceu tica[ . _ iM..pany IL....�iilrniited (Baal positive), represents only 2.2%.Takeda is also a top employer and is currently expanding its footprint in town. I his Ip ullshcatioin does not airminouinco a cirediL iratiiing acboiin.Il ii mill dire&&iiratiiings referenced iiiis Chiis Ipulbhcab in,piease sec dhe iissu ec/deal page oiin IIIittp:/ii~ bill gs.oi oo so ii for dh rsuost qpdated cire6t ii~abrig acboiru iiir4oirrna6oiin&nd irabrig Ihistory. 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