All District employees who are authorized by the Board to act as a custodian for District monies or who may have temporary custody of more than $50 of District monies shall be bonded in an amount sufficient to cover the amount of District monies in their custody at any one time.
The secretary, treasurer, assistant secretary, and assistant treasurer of the Board shall be bonded. This bond shall be in an amount not less than $5,000.
In lieu of the bond requirements specified herein, the District may maintain equivalent crime insurance coverage for such District employees, board officers, board appointed custodians, and employees who have temporary custody of more than $50 of District monies.
The cost of bonding shall be borne by the District.
Originally Adopted August 8, 1966
Revised to conform with practice: date of manual adoption (July 13, 1992)
Current Revision: May 8, 2023
Adoption Date: August 08, 1966
Last Revised: May 08, 2023
| Legal References: | C.R.S. § 22‑32‑104(4)(b), (c), and (d) (surety bond or insurance required for Board or authorized custodian) |
| C.R.S. § 22‑32‑109(1)(h) (surety bond or insurance required for temporary custody of school monies) | |