Financial Information

Budget Information

MARC is funded by federal, state and private grants, local contributions and earned income. Each year, the MARC Board of Directors approves a budget and work plan to guide agency activities and provide a clear picture of how revenues are allocated to achieve overarching policy goals.

MARC’s budget is complex and differs greatly from municipal and county budgets. Most of our revenues come from federal, state and private grants. Local government dues and fees make up a small, but significant, part of our budget. We also track contributed services — the value of personnel time, goods and services, used as in-kind match for grant funds — as both a revenue and an expense. Per federal guidelines, MARC uses an indirect cost allocation method to charge indirect and fringe benefit costs to grants and programs as hours are worked. We also set aside some money in a long-term contingency fund each year. 

Audit documents

Each year, MARC's financial reports are audited by an independent auditor, after which we submit  an Annual Comprehensive Financial Report (ACFR) to our Board of Directors for approval. As a federal grant recipient, we are also required to complete a Supplemental Financial Report each year.