TITLE
Title
RECEIVE AND APPROVE ANNUAL BOND REPORT AS REQUIRED BY N.C.G.S 162-9 AND N.C.G.S 159-29
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SPONSOR
Sponsor
Jason Jones, Assistant County Manager for Quality Government
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BACKGROUND
Background
Each year the Board reviews and approves the required faithful performance bonds for the following statutorily required positions: Sheriff, Tax Director (Tax Collector), Chief Financial Officer (Finance Director), and Register of Deeds.
A Bond Report is attached for your review.
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BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY DOLLARS REQUIRED
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REQUESTED ACTION
Requested Action
In accordance with North Carolina Statutes, APPROVE and FIX bond rates as follows:
For County Sheriff, fix amount of bond at $25,000 and accept bond issued by Travelers Insurance in that amount with the original bond to be deposited with the Clerk of Superior Court;
For Register of Deeds, fix amount of bond at $50,000 and accept bond issued by Travelers Insurance in that amount;
For Tax Collector, receive and approve annual bond report reflecting the $100,000 bond issued by Travelers Insurance in that amount; and
For Finance Director, receive and approve annual bond report reflecting the $1,000,000 bond issued by Travelers Insurance in that amount.
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