The funds handled by personnel required to be bonded and their
predecessors during the course of a fiscal year would ordinarily include
the total of whatever such funds were on hand at the beginning of the
fiscal year plus any items received or added in the form of funds during
the year for any reason, such as dues, fees and assessments, trust
receipts, or items received as a result of sales, investments,
reinvestments, or otherwise. It would not, however, be necessary to
count the same item twice in arriving at the total funds handled by
personnel during a year. Once an item properly within the category of
``funds'' had been counted as handled by personnel during a year, there
would be no need to count it again should it subsequently be handled by
the same personnel during the same year in some other connection.
