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List of bonded accountable public officers 2025

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The document consists of two annexes: Annex D, which outlines a list of accountable public officers for new applicants, and Annex F, which details a list of bonded public officers for renewal. Each annex includes sections for the name, designation, accountability amount or bond details, and remarks regarding any pending cases. Both require preparation and certification by authorized officials.

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What is the purpose of a public officials bond?

The California Public Official Bond is a type of surety bond required for elected or appointed officials in the state. It serves as a financial guarantee that officials will faithfully perform their duties, manage public funds responsibly, and adhere to legal and ethical standards throughout their term of office.

What is the fidelity bond of accountable public officer?

Fidelity Bond is an insurance of bondable public officer under the Fidelity Fund to assure:  faithfully perform all the duties imposed by law upon him;  faithfully account all funds and public property coming into his possession, custody of control.

What is the fidelity bond?

What Is a Fidelity Bond? A fidelity bond is a form of business insurance that offers an employer protection against losses that are caused by its employees fraudulent or dishonest actions. Also known as an honesty bond, this form of insurance can protect against monetary or physical losses.

What is the accountability of public officers?

ACCOUNTABILITY OF PUBLIC OFFICERS. Section 1. Public office is a public trust. Public officers and employees must, at all times, be accountable to the people, serve them with utmost responsibility, integrity, loyalty, and efficiency; act with patriotism and justice, and lead modest lives.

What is the fidelity bond of accountable officers?

The fidelity bond shall be subject to renewal yearly before the expiration of the present bond coverage while the accountable public officer is holding such position for which he was bonded. Failure to renew shall consider such bond as automatically cancelled and shall have no legal effect.

list of bonded officials form

List of bonded accountable public officers fidelity bond List OF BONDED ACCOUNTABLE PUBLIC officers sample for sk list of bonded accountable public officers form 4: annex e List of bonded accountable public officers 2022 List OF BONDED PUBLIC officers FOR renewal List of Accountable Forms List of Accountable Forms with money value List of bonded ACCOUNTABLE PUBLIC officers 2023

What is the maximum bond amount for each accountable officer in government agencies?

5.1 Amount of Bond - The amount of bond shall be based on the total accountability (cash, property and accountable forms) of the accountable officer as determined by the Head of Agency. Provided, the individual maximum amount of bond of each accountable officer shall not exceed Eleven Million Pesos (P11M).

What is the role of the accountable officer?

The Act establishes Accountable Officers as the primary authority for providing financial management and accountability in Agencies. The Accountable Officer is the head of an Agency, unless the Treasurer has determined otherwise, and is responsible for the financial management of that Agency.