Fenton Community High School District 100 StaffReport Approval of Surety Bond of School Treasurer 2026-2027 2026-05-27
Surety Bond Approved for School Treasurer for 2026-2027
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Description
The Board of Education approved the issuance of a surety bond for the School Treasurer for 2026-2027 through Lyndon Southern Insurance Company. This bond guarantees the faithful performance of the Treasurer and protects district funds as required by state law.
Contract Details
Contract Amount
10% of the projected highest fund balance of the fiscal year
Vendor
LYNDON SOUTHERN INSURANCE COMPANY
Agency
Fenton CHSD 100, IL
Contract Type
INSURANCE
Document Date
May 27, 2026
Contract Term
2026-2027 school year
Renewal Date
2027-06-30
Renewal Info
Annual renewal required per state code; bond must be maintained for each term of treasurer appointment.
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