(A) (1) All officers, officials, and employees of the city, any regional wastewater commission, and any special districts in the city who handle public funds in the execution of their duties shall give a good and sufficient bond to the city 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 city shall pay the cost of the bond.
(2) All officers, officials and employees of the offices of elected officials who post bond as required by statute, who are covered by a blanket or umbrella bond, shall be deemed to have complied with subsection (A)(1) of this section.
(B) Officers, officials and employees of the city shall be compensated for the performance of their duties in such amounts as determined from time to time by City Council by ordinance.
(Am. Ord. 2020-08-06(C), passed 8-6-20)
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Statutory reference:
For similar provisions under state law, see KRS 65.067