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Glenbard Township High School District 87 AgendaPacket Resolution to Appoint School Treasurer and Approve Treasurer’s Surety Bond 2026-05-26

Board Approves Treasurer’s Surety Bond with Liberty Mutual

$11,943.00Glenbard Twp HSD 87LIBERTY MUTUALMay 26, 2026

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Description

The Board of Education approved the purchase of the treasurer’s surety bond from Liberty Mutual for $11,943, covering 10% of district assets as required by state law. The bond ensures financial security and compliance for the tenure of the district treasurer through June 30, 2027.

Contract Details

Contract Amount

$11,943.00

Vendor

LIBERTY MUTUAL

Agency

Glenbard Twp HSD 87, IL

Contract Type

INSURANCE

Document Date

May 26, 2026

Contract Term

Through June 30, 2027

Renewal Date

2027-06-30

Renewal Info

Annual bond purchase covering required period. Renewal required as treasurer appointment or asset levels change. No auto-renewal specified; future board action required for continuation.

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Issuing Agency

Glenbard Twp HSD 87

School

Glen Ellyn, IL

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Vendor

LIBERTY MUTUAL

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