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Council adopts cash-rounding policy for cash-only transactions amid possible end of penny production
Summary
The council approved Resolution 2026-038 establishing how the city will round cash-only transactions if the federal government discontinues penny production; the policy preserves current billing calculations and handles under-5¢ differences on utility accounts.
The Fremont City Council approved a cash-rounding policy (Resolution 2026-038) to address the potential end of penny production by the federal government. Finance Director Jennifer Knabb said the policy would not change how the city calculates bills but would specify rounding behavior for cash-only transactions when pennies are unavailable.
Knabb explained that for utility customers who pay cash, rounding amounts under 5¢ would remain on the customer's account and roll month to month rather than issuing small refunds or creating mailing costs. She said the policy is limited to situations where pennies are unavailable and will not alter electronic billing or how city totals are computed.
Councilman Jensen moved to approve the resolution; the motion was seconded and the vote was recorded as six in favor. Knabb said staff will accept pennies should they be available in the future and reiterated there is no change to billing calculations.
