Financial Information

Please contact Michelle Toombs, CEO, if you have questions about Marigold's financial information. ext.224 at 1-855-934-5334 or 403-934-5334 

Marigold's Finance Policy can be found in the Policy and Planning section of this website.

Marigold Library System Revenue Sources
This document describes and illustrates both local public library and Marigold revenue sources.

2018 Audited Financial Statements
Marigold Audit Process:
– Marigold Board-appointed auditor performs a complete financial audit

– Auditors present audited financial statement to the Marigold Executive
– Audited financial statement presented and approved at Marigold Board AGM 
– Marigold Board appoints auditor for the next fiscal year

Statements become available after Marigold's AGM in April

2019 Budget (Board approved on January 26, 2019)
Marigold Budget Process:
– August:  Marigold Board discusses and approves the budget estimate
– September:  Budget estimate sent to municipalities; memo outlines highlights
– November:   Michelle Toombs, CEO, presents an extensive overview of the draft Budget at the Board meeting
– January:  Final budget goes to Marigold Board for approval

The Budget reflects Marigold’s Strategic Plan, Vision 2020

Population Served:  316,535
Schedule C
Contains information about contributions to Marigold by:
  • counties, municipal districts, special areas, improvement districts or any other municipality without a library board
  • municipalities having municipal library boards
  • municipal library boards

Current Schedule C 2019 - 2020
Fact Sheet regarding Schedule C

Legal Information
Marigold Agreement:  an Agreement by and between the parties comprising Marigold Library System. (Schedule C is attached to and part of the Agreement by and between the Parties comprising the Marigold Library System)