It's definitely worth well over 44 cents to eliminate all the work that various levels of the audit mechanism go to in order to process an exception every six months. I would certainly recommend that the branch write the check and be done with it. But the stake doesn't have to be involved, and you can save 44 cents. Just have the branch deposit the penny in any charitable category, such as General Missionary.Quicky wrote:Here's an example of an interest payment gone awry: We have a prison branch in our stake. Obviously, they do not carry missionary funds in any account. We did, however, receive a $.01 interest payment to the non-existent missionary fund. It has shown up as an exception in every audit since. SLC said it would be too much trouble to fix the problem. I could have the branch write the stake a check for the 1 cent and mail it to the Stake Missionary fund and use a 44-cent stamp to do it. That is a wise use of resources! KQ
I would also think that an auditor could use some reasonable judgment and overlook a one cent exception, but that's a decision for the local audit committee to make. I doubt that our stake's audit committee is going to consider any of this interest money in the Other account to be an exception worth writing up.