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EASTON AREA
SCHOOL DISTRICT
No. 811
SECTION:
OPERATIONS
TITLE:
BONDING
ADOPTED:
December 21, 2006
REVISED:
811. BONDING
1.
Purpose
Prudent trusteeship of district resources dictates that employees responsible for the
safekeeping of district funds be bonded.
2.
Authority
SC 409, 431, 436,
684
The Board directs that the district be indemnified against loss of money by bonding
each employee required to be bonded by policy or by statute. The Board shall bear
the cost of bonds for designated employees.
Enumeration and valuation on such bonds shall be determined annually.
3.
Guidelines
All other employees shall be covered under a blanket bond.
The amount of each bond shall be commensurate with the financial responsibility of
the position.
School Code
409, 431, 436,
511, 684, 2122