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Board authorizes $1.5 million bonds to cover district officers
Summary
The Board approved bonds in the amount of $1,500,000.00 covering the Treasurer, Co-Signers, District Clerk and Superintendent for July 1, 2026–June 30, 2027 as part of annual insurance with NYSIR; motion carried unanimously.
The Board authorized bonds of $1,500,000.00 each to cover the services of the District Treasurer (Melissa Palermo), co-signers (Janice Caufield and Miriam Foster), District Clerk (Linda O'Leary) and Superintendent (Justin T. Cobis) for the 2026–2027 period. The minutes state these bonds are included in yearly insurance and name NYSIR as the insurer for the coverage period July 1, 2026–June 30, 2027.
Individual resolved statements for each covered officer were read into the record and the motion to approve the bonding carried 7 Yes; 0 No; 0 Abstain. The authorization secures financial fidelity protections required by district policy and common practice.
