There are two problems with your implementation.
The reason the values are both being rounded to 2 digits of precision is that you explicitly defined the scale as 2.
Also, FLOAT is an imprecise data type in MySQL.
To solve both problems you should use the DECIMAL data type with an appropriate precision and scale.
For example, something like this:
CREATE TABLE `tblGeoCodes` (
`recNo` int(11) NOT NULL AUTO_INCREMENT primary key,
`longLocation` decimal(18,14) DEFAULT NULL,
`latLocation` decimal(18,14) DEFAULT NULL
);
Example:
mysql> CREATE TABLE `tblGeoCodes` (
-> `recNo` int(11) NOT NULL AUTO_INCREMENT primary key,
-> `longLocation` decimal(18,14) DEFAULT NULL,
-> `latLocation` decimal(18,14) DEFAULT NULL
-> );
Query OK, 0 rows affected (0.02 sec)
mysql>
mysql> insert into tblGeoCodes (longLocation,latLocation) values(-61.45859899999999 , 10.28289);
Query OK, 1 row affected (0.00 sec)
mysql>
mysql> select * from tblGeoCodes;
+-------+--------------------+-------------------+
| recNo | longLocation | latLocation |
+-------+--------------------+-------------------+
| 1 | -61.45859899999999 | 10.28289000000000 |
+-------+--------------------+-------------------+
1 row in set (0.00 sec)