The MCIPACO 5760.1 states:
The PO should consider bonding for its treasurer . The treasurer is in a sensitive position, especially if handling and controlling large amounts of cash. POs may make a bonding determination by weighing the cost of commercial fidelity insurance protection from a qualified underwriter against the potential dollar risk. A bonded treasurer adds assurance to an investor or donor that her money is safe with your organization. Regardless of organizational structure, bonding the treasurer protects your company's money. If the treasurer mishandles the money in any way, the bond is a guarantee that your company will receive restitution up to the amount of the bond.
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