Mid Year Audit

So I decided to count up the money that was lying in my plastic bag and on my desk that I've been collecting since the beginning of the year.

This does not include the 1st dollar that has been set aside in a separate container (i.e. a plastic cup). You always want to remember your first...dollar.

Here are the figures for my audit:
Pennies: $2.68
Nickels: $0.65
Dimes: $3.90
Quarters: $4.00
2 Canadian Pennies
5 Swiss Centimes

If you add that up, you'll come up with $11.22. Add the first dollar and that's $12.22. My tally indicates $11.67 (that was through yesterday). The difference is $0.55 over. I haven't included the money my friends have thrown down.

So why the discrepancy? A)My storage of the change isn't scientific and rather lax. B)I can't add when I do my daily total. C)"Penny drift". I may have accumulated some pennies here and there that were not dutifully recorded.

I acknowledge the accounting error of about 4.5%. So I will match my contribution at the end of the year and tack on 4.5%. I will also do a quarterly audit at the end of September. My other executive decision is to set the tally at $12.22 based on the findings of this investigation.