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Board authorizes bonds, mileage rate and meal eligibility guidelines
Summary
As part of the reorganizational approvals, the board ratified bonds with Utica National Insurance Co. for district financial officers, approved dishonesty coverage, adopted the current federal mileage reimbursement rate, and adopted the June 2026 eligibility guidelines for free and reduced-price meals.
The board approved several financial protections and policy items during its reorganizational meeting, including bonds and benefit designations relevant to district finance operations.
Specifically, the board approved bonds with Utica National Insurance Co. covering the District Treasurer ($1,400,000), Deputy Treasurer ($1,000,000), District Tax Collector ($1,000,000) and Central Treasurer ($1,000,000). The board also approved employee dishonesty coverage of $100,000. The minutes record these bond amounts as part of the reorganizational consent agenda.
In addition, the board adopted the current federal mileage reimbursement rate for travel and approved the Eligibility Guidelines for Free/Reduced Price Meals and Milk as listed in the June 2026 memorandum from the Bureau of School Food Management. These approvals were included in the consent agenda and recorded as carried by unanimous vote.
