EMPLOYMENT OF THE TREASURER | Policy Manual

1310 - EMPLOYMENT OF THE TREASURER

The Governing Board vests the primary responsibility for the financial affairs of the ESC in the Treasurer. The appointment of the Treasurer is, therefore, one of the most important functions the Governing Board can perform.

Whenever the position of Treasurer shall be vacant, the Governing Board shall appoint a Treasurer as Chief Financial Officer. The Governing Board shall appoint a Treasurer who meets the qualifications established by the Governing Board.

The Treasurer so appointed shall devote himself/herself exclusively to the affairs of his/her duties, unless otherwise approved by the Governing Board.

In lieu of executing a surety bond, the Governing Board may authorize the Treasurer to be covered by an insurance policy issued by a Governing Board-approved and accredited insurance carrier or joint self-insurance pool. The policy must cover the Governing Board from losses caused by the fraudulent or dishonest actions of, and the failure to perform a duty prescribed by law of the Treasurer or other employee. Coverage must be equal to or greater than the amount required by the Governing Board for a surety bond. The Treasurer shall deposit with the President of the Governing Board a certified copy of documentation from the insurance provider that evidence proof of coverage before the employee is considered qualified for the position or undertakes official duties.