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Goldsboro council adopts fidelity bond policy, keeping blanket coverage for staff who handle funds
Summary
The Goldsboro City Council unanimously adopted a resolution to formalize the city's existing blanket fidelity bond that covers employees who handle public funds, rather than requiring individual bonds for each staff member.
Goldsboro's City Council voted unanimously to adopt a Fidelity Bond Policy that formalizes the city's long-standing use of a blanket bond to cover employees who handle public funds.
City staff told the council the policy is intended to put the city's existing practice in writing so future councils will have a clear policy to follow. A staff member said the blanket bond avoids…
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