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 School Board of Clay County |
C9 - Purchase of Surety Bonds for the Chairman and the Vice-Chairman
State Board of Education Administrative Rules 6a-1.0692 requires that each district school board must ensure that its officials are appropriately bonded and insured.
Each year upon the approval of the newly assigned Board Chairman and the Vice-Chairman at the annual school board annual organizational meeting, the school district must purchase the surety bonds in accordance to S.B. Rule 6a-1.0692.
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Obtain approval from the Board to purchase surety bonds for the Chairman and the Vice-Chairman.
The district ensures fiscal responsiblity and equitable distribution of resources.
Approve the request to purchase surety bonds for the following positions:
Chairman @ $100
Vice-Chairman @ $100
Dr. Susan Legutko, Assistant Superintendent for Business Affairs
Funds were appropriated in the 2017-2018 budget in the amount of $200 to purchase the surety bonds.
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