8740 - BONDING

The Board recognizes that prudent trusteeship of the resources of this District dictate that employees responsible for the safekeeping of District monies and property be bonded or insured.

The District shall be indemnified against loss of money and property by bonding or insuring of employees holding such positions and in the amounts determined by the Board.

All other employees handling money shall be covered under a blanket bond or insurance policy in an amount determined by the Board.

The Board shall bear the cost of bonding or insuring each employee required to be bonded by this policy.

Reviewed 4/25/23

© Neola 2002