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Friendsville adopts payment-rounding policy after federal penny discontinuance
Summary
The Friendsville Board of Commissioners approved Resolution No. 2026-01 to set payment-processing options after the federal discontinuance of the penny, allowing exact change, credit for overpayments, balances due for underpayments, or rounding to the nearest $0.05. The board approved an implementing policy that staff may adjust later.
The Friendsville Board of Commissioners approved a resolution establishing payment-processing options following the federal discontinuance of the penny.
Vice Mayor Jonathan Newberry said the board could approve a policy now and revisit it if changes were needed. "He thought they could approve it and if any adjustments needed to be made later, they could go back later and do so," the minutes record. The board voted to adopt Resolution No. 2026-01; Commissioner Shane Rogers moved the resolution and Commissioner Dale Wilkins seconded.
The approved policy lists several options for handling cash transactions: require exact change, give credit for overpayments, let underpayments remain as a balance due, or round transactions up or down to the nearest $0.05. The board also approved a companion procedure implementing the policy; Vice Mayor Newberry moved that procedural approval and Wilkins seconded.
The action was procedural: the board adopted the resolution and implementing policy and did not record a roll-call tally in the minutes. Staff will implement changes in municipal payment processing and return to the board if adjustments are needed.
