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Putnam County adopts cash-rounding policy as comptroller flags penny shortage
Summary
In response to a state comptroller memo and shortages of pennies, the Putnam County Commission approved a countywide cash-rounding resolution that applies only to cash transactions and uses standard nickel-based rules; clerk and other officials raised implementation and accounting concerns.
Putnam County commissioners voted to adopt a countywide rounding policy to address a rising shortage of pennies, following guidance from the state comptroller’s office.
Jeff Jones explained that the policy applies only to cash transactions; credit-card, money-order and other noncash payments would not be affected. Jones described the rounding method as traditional nickel-based rounding:…
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