Policy DH Bonded Employees and Officers

File: DH

Bonded Employees and Officers

All school employees who are responsible for moneys controlled by the Board or who may have more than $50 from such funds in their custody shall be bonded under a group fidelity bond in individual amounts of $10,000.

The secretary and treasurer of the Board, and any custodian of moneys authorized and appointed by the Board shall, as required by Colorado statute, be individually bonded. This bond shall be in an amount not less than $5,000.

The cost of bonding shall be borne by the school district.

Adopted: date of manual adoption

Revised: September 23, 1975

Revised: September 10, 1985

Reviewed: August 9, 2005

Revised: September 23, 2014

LEGAL REFS.: C.R.S. 22-32-104 (4)(b), (c)

C.R.S. 22-32-109 (1)(h)

C.R.S. 22-32-121 (3)

Huerfano School District Re-1, Walsenburg, Colorado