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Monetary Rounding

Page history last edited by Kim Miller 11 years ago



Scott Dermont, IA


I’m wondering how monetary amounts on the survey should be rounded. I am assuming that we report whole numbers but is there a standard for rounding? We drop fractions, but I am wondering if rounding to the nearest is more equitable. Rounding up or down might be easier for those who are numerically challenged…


IMLS Response:

One would think this issue would have been formalized in the revenue/expenditure definitions, but it’s not, nor does anything about rounding appear in the blog/wiki discussion threads


Going forward, let’s keep things simple and round to the nearest whole dollar.



Ron Winner, IL

In IL we ask them to round all to the nearest whole dollar.


Comments to IMLS Response:

Edie Huffman, IN

That’s what Indiana has done for years.



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