Agenda Item Name:
Title
Examination of Sufficiency of Public Officials Bonds
End
Presenter:
John Carnell - 264-6967
Description:
A semi-annual examination of Public Officials bonds for County Commissioners and Constitutional Officer pursuant to F.S. 137.50 and finding all current bonds and/or insurance policies are adequate. At this time, there is no evidence to suggest that any of the current bond are impaired or likely to become impaired
Recommended Action:
Recommended Action
Examine and approve the Public Officials Bons for County Officers as sufficient.
End
Prior Board Motions:
Examined and Approved
Fiscal Consideration:
Fiscal Consideration
All these bonds are paid from Special Expense. 001.04.0490.519.45.00.
End
Strategic Guide:
Strategic Guide
All Other Mandatory and Discretionary Services
End
Background:
Florida Statute 137.50 requires each County Commission to examine the sufficiency of the bonds for County Officers in their respective counties every January and June. This stature affords the Commission the discretion to determine if the current bonds are sufficient, nd to require new bond of the Board has reason to believe that any of the current bond have become impaired.
Under ordinance 98-43, the minimum bond amounts are as follows
A) Clerk of the Court $100,000
B) Tax Collector $100,000
C) Sheriff $25,000
D) Property Appraiser $10,000
E) Supervisor of Elections $5,000
F) County Commissioners $2,000 each