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U.S. Treasury Penny Phase Out - Rounding Cash Transaction Policy

Early 2025, the U.S. Treasury announced that new pennies will not be produced going forward. To accommodate, BAO has established a Rounding Cash Transaction Policy to adhere to WA State Legislature House Bill 2334.

WA ST OFM SWV Vendor Number Consolidation

For departments receiving payments from the Washington State Office of Financial Management (OFM), please note that UW Financial Planning & Budgeting (FPB) and OFM are working together to consolidate Statewide Vendor Numbers (SWV#).

Effective September 2, 2025, if your department is receiving a payment that requires vendor registration with an SWV#, use the University of Washington’s existing SWV#: SWV0000210-00. All other SWV#s will be consolidated and deactivated.

Please email bankrec@uw.edu for any questions regarding this matter, thank you. 

BAO Newsletters

Find the most up to date information regarding BAO processes! Please visit the BAO Newsletter Resource page.