Code: DH
Adopted: 10/12/81
Readopted: 6/12/06
Orig. Code(s): 412
Bonded Employees and Officers
The district custodian of funds shall be bonded in the sum of $100,000.00.
The Board may require individual bonding of other school employees who are responsible for handling school money. The amount of the bond shall be prescribed by the Board. In determining the amount and type of bond, the Board shall consider the amount of money handled or in account during the period of time covered by the bond. The Board may appropriate money from the general fund to cover the costs of bonds for those employees handling student activity or other funds, or it may require that the cost of the bond be charged against the fund involved.
All other employees of the district and Board members shall be covered by a blanket bond in an amount up to $25,000.00. A list of individually bonded employees and the amounts shall be submitted to the Board for approval on an annual basis in July. The Board has the option of requiring bonds for the aforementioned employees. The district will pay the cost of such bonds.
END OF POLICY
Legal Reference(s):
ORS 328.441
ORS 332.525
OAR 581-022-1720