FINANCIAL_SERVICESRECOMMENDED

Committee Backs IMRF Accelerated Payment from Contingency

The Finance, Tax, & Budgets Committee recommended authorizing a $52,492.16 mandatory accelerated payment to the Illinois Municipal Retirement Fund using the Contingency Fund, with reimbursement from the Municipal Retirement Fund in FY2027. The action addresses an unanticipated pension cost caused by an early retirement.

Status
RECOMMENDED
Document date
July 30, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Illinois Municipal Retirement Fund (imrf)
Agency
Town of East Galena · IL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$52,492.16 accelerated payment (plus $33,744.34 already in IMRF Fund)
Contract type
FINANCIAL_SERVICES
Contract term
One-time FY2026 mandatory accelerated payment
Renewal
This is a one-time mandatory accelerated payment related to a specific retirement event rather than an ongoing renewable contract.
Document type
AgendaPacket
Source document
Jo Daviess County Finance, Tax, & Budgets Committee Agenda Packet 2026-07-30

Related contracts

Other contracts from Illinois Municipal Retirement Fund (imrf).

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of East Galena?

Illinois Municipal Retirement Fund (imrf) was awarded this financial services contract by Town of East Galena, as recorded on July 30, 2026. The contract value is $52,492.16 accelerated payment (plus $33,744.34 already in IMRF Fund).

How much is the Illinois Municipal Retirement Fund (imrf) contract with Town of East Galena worth?

The Illinois Municipal Retirement Fund (imrf) contract with Town of East Galena is valued at $52,492.16 accelerated payment (plus $33,744.34 already in IMRF Fund), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Jo Daviess County Finance, Tax, & Budgets Committee Agenda Packet 2026-07-30 (AgendaPacket), dated July 30, 2026 from Town of East Galena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Illinois Municipal Retirement Fund (imrf) hold?

Illinois Municipal Retirement Fund (imrf) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Illinois Municipal Retirement Fund (imrf)'s profile

What is Town of East Galena currently buying?

Explore Town of East Galena's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of East Galena's profile

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