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