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Kentucky County Treasurer’s Fundamentals Course

Learn about minimum bond requirements for elected county officials in Kentucky as of April 23, 2015. Ensure compliance with statutes.

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Kentucky County Treasurer’s Fundamentals Course

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  1. Kentucky County Treasurer’s Fundamentals Course Personal Bonds Elected County Officials April 23, 2015 http://www.kactfo.com Slide 1 of 13

  2. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 67.720 • Judge • Executive • Minimum $10,000 sureties approved by the Fiscal Court filed with the County Clerk April 23, 2015 http://www.kactfo.com Slide 2 of 13

  3. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 62.055 • Bond executed to the Commonwealth, amount based upon class of city within County, recorded in the fiscal court minutes, copy of bond forwarded to the Revenue Cabinet • County Clerk April 23, 2015 http://www.kactfo.com Slide 3 of 13

  4. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 70.020 • Minimum $10,000 sureties approved by the Fiscal Court, recorded in minutes of Fiscal Court, filed with the County Clerk • 134.230 - May be required by Fiscal Court in an amount set by the Fiscal Court. • 134.250 - Minimum $10,000 executed to the Commonwealth, approved by Fiscal Court in minutes, recorded in minutes, filed with the County Clerk • Sheriff April 23, 2015 http://www.kactfo.com Slide 4 of 13

  5. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 71.010 • Jailer • Minimum $10,000 sureties approved by the Fiscal Court, recorded in minutes of Fiscal Court, filed with the County Clerk April 23, 2015 http://www.kactfo.com Slide 5 of 13

  6. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 72.010 • Coroner • Minimum $10,000 approved by Fiscal Court and recorded in the minutes, deputies required to be bonded in accordance with this section April 23, 2015 http://www.kactfo.com Slide 6 of 13

  7. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 70.310 • Constable • Minimum $10,000 sureties approved by the Fiscal Court, recorded in minutes of Fiscal Court, filed with the County Clerk April 23, 2015 http://www.kactfo.com Slide 7 of 13

  8. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • Magistrate • Commissioner • None Required April 23, 2015 http://www.kactfo.com Slide 8 of 13

  9. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • County Attorney • None Required April 23, 2015 http://www.kactfo.com Slide 9 of 13

  10. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • KRS 68.010 • Shall execute bond with at least two (2) reputable sureties, to be approved by the Fiscal Court and recorded in the minutes. Only one executed bond is acceptable if the amount on the bond is in excess of $500,000 and its surety is reputable, as per the APA. • County Treasurer April 23, 2015 http://www.kactfo.com Slide 10 of 13

  11. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • 65.067 Bond required of persons handling public funds • Compliance by elected officials and their employees • All officers, officials, and employees of cities, counties, urban-county governments, charter county governments, a regional wastewater commission, and special districts who handle public funds in the execution of their duties shall give a good and sufficient bond to the local governing body for the faithful and honest performance of his or her duties and as security for all money coming into that person's hands or under that person's control. The bond amount shall be based upon the maximum amount of public funds the officer, official, or employee handles at any given time during a fiscal year cycle. The local governing body shall pay the cost of the bond. April 23, 2015 http://www.kactfo.com Slide 11 of 13

  12. Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials • 65.067 Bond required of persons handling public funds • Compliance by elected officials and their employees • Elected officials who post bond as required by statute, and employees of their offices covered by a blanket or umbrella bond, shall be deemed to have complied with subsection (1) of this section. April 23, 2015 http://www.kactfo.com Slide 12 of 13

  13. This is to certify that, on this day, Thursday, April 23, 2015 FIRST LAST Has successfully completed the Kentucky County Treasurer’s Fundamentals Course Personal Bonds – Elected County Officials Tammy Robertson K.A.C.T.F.O. President http://www.kactfo.com

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