Financial

The 2022 Audited Financial Statements were approved 22 April 2023 by Marigold Board 

Marigold's Audit Process

January

• Marigold Board-appointed auditor performs a complete financial audit

April

• 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

2023 Final Budget

Approved 28 January 2023 by Marigold Board

Budget Process:

• August:  Marigold Board discusses and approves the budget estimate
• September:  Budget estimate sent to municipalities with a memo outlining highlights 
• November: 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 Plan of Service 2023-2025: Connecting Communities.

Schedule C

Contains information about financial 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 

The current Schedule C is for 2023 - 2024. For more information, refer to the Schedule C Fact Sheet

The Marigold Agreement

The Marigold Agreement is 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. Municipalities sign the Agreement to be members, making Marigold accountable to the municipalities.