Financial plans are driven by the work program priorities identified in the service planning process. Because each service that the CRD provides has its own budget and must be accounted for and reported on separately, the CRD Financial Plan consists of more than 200 individual service budgets, which fund delivery of regional, sub-regional and local services. The Financial Plan ensures consistency and alignment with the legislative authority of services, and, upon its approval, provides the expenditure authority for all CRD operations. The CRD follows a four-year service and financial planning process to ensure resources are used efficiently and that services effectively meet community needs. Each year, the CRD also prepares audited financial statements in accordance with legislative requirements and presents them at a public Board meeting.