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Council affirms $2 million auditor bond coverage
Summary
Rolla City Council reviewed and approved a resolution confirming auditor fidelity coverage of $2,000,000 provided through the North Dakota State Bonding Fund, as required under state law.
The council reviewed a resolution confirming that the City of Rolla is covered under a blanket fidelity bond from the North Dakota State Bonding Fund and found the current auditor bond limit of Two Million Dollars ($2,000,000) sufficient. The resolution cites NDCC §40-13-02 as the statutory framework and was adopted by unanimous roll‑call vote.
The minutes state the council reviewed current bond limits and concluded the coverage amount remained sufficient for city purposes; no changes to the coverage level were made.
