Board of Education Bonding
The board recognizes that prudent trusteeship of the resources of this district dictate that employees responsible for the safekeeping of district moneys be bonded.
The district shall be indemnified against loss of money by
bonding of employees holding the following positions and in the amounts
indicated:
Title
of Employee Amount
of Bond
Custodian of School Moneys Per NJAC
Board Secretary $25,000
Treasurer of BRMS Organization Fund $25,000
All other employees shall
be covered under a blanket bond to the amount of $2500.
The Board shall bear the
cost of bonding each employee required to be bonded by this policy or by
statute.
Date Revised:
Date Adopted:
Reference: 18A:17-6, 17-32: NJAC 6:3-1.5