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Strengthening the City's Financial Position <br />Developed a Ten -Year Forecast to provide a longer-term <br />roadmap to financial sustainability <br />Adopted a long-term pension plan funding strategy, including <br />an accelerated payoff period <br />Implemented the new budget module, OpenGov, providing <br />increased transparency <br />Implemented an online platform for business license and <br />transient occupancy tax compliance <br />Engaged the Government Finance Officers Association to <br />perform best practices analysis <br />Continuing to contain costs through efficiencies, partnerships, <br />shared services, and innovative operation improvements <br />Streamlined the development of the Capital Improvement <br />Program <br />r�.2 <br />Redwood <br />City <br />