Aaron
I use horse bedding that I get free from the city arena instead of mulch . Any stable will have plenty, most is free for the taking. The used bedding is a combination of hay/straw, wood shavings, and of course horse biscuits. This mixture composts very well. Make sure you check the Ph. This mixture can be "hot" because of the biscuits if used prior to composting so be careful. I have been using this for almost a year. I throw some coarse builders or better yet, river sand in as well, enough t0 make it feel "gritty" helps with drainage. Before I added the sand I was losing stuff to root rot.
Good luck.