Village of River Forest Annual Budget Fiscal Year 2027
Village Funds IRMA Liability Insurance for FY 2027
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Description
River Forest maintains its membership in the Intergovernmental Risk Management Agency to provide liability insurance coverage, budgeting $604,644 from the General Fund for FY 2027. The Village will tap $310,000 from its IRMA surplus reserves to help fund the annual contribution.
Contract Details
Contract Amount
$604,644 (General Fund portion of annual premium); $310,000 (FY 2027 contribution drawn from reserves)
Vendor
INTERGOVERNMENTAL RISK MANAGEMENT AGENCY
Agency
River Forest village, IL
Contract Type
INSURANCE
Document Date
April 19, 2026
Contract Term
FY 2027
Renewal Date
2027-04-30
Renewal Info
Ongoing membership in an intergovernmental risk pool with annual premium contributions and the ability to draw on accumulated surplus reserves.
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