Public Official
Treasurer Bond
A treasurer bond is a public official bond a city, county, school board, or district treasurer files before taking charge of public money.
- Required by
- State statutes and local governing bodies that approve the bond
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond promises the government body (often the state, county, or board) that the treasurer will faithfully perform the duties of the office and account for all money received. If public funds are lost through the treasurer's failure or misconduct, the government can claim against the bond.
Who needs it
- County and municipal treasurers
- School board treasurers
- Clerk-treasurers
- Treasurers of utility and special districts
What the underwriter looks at
- Amount of public money handled
- Audit history
- Personal credit
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
Who sets the bond amount?
Usually the governing body. In Ohio, for example, a school board treasurer's bond is in an amount and with a surety approved by the board, payable to the state.
Is this the same as a crime or fidelity policy?
No. A treasurer bond is a statutory faithful performance bond required to hold the office. A fidelity or crime policy protects the entity and is bought separately.