Village of Glenview StaffReport Consideration of a Resolution amending the FY 2026 Insurance and Risk Fund Budget 2026-06-02
Glenview Amends Insurance Fund Budget for IPBC Payment
Trusted by teams at
Description
The Village of Glenview approved a resolution to amend the FY 2026 Insurance and Risk Fund Budget, allocating $247,232 for insurance premium payments to the Intergovernmental Personnel Benefit Cooperative (IPBC). This payment addresses a required fund balance shortfall as part of the Village’s membership obligations in the IPBC. The appropriation covers payments for July through December 2026, with the remaining balance to be addressed in 2027.
Contract Details
Contract Amount
$247,232.00 (FY 2026 installment; total shortfall $494,464)
Vendor
INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE (IPBC)
Agency
Glenview village, IL
Contract Type
INSURANCE
Document Date
June 2, 2026
Contract Term
July 2026 – December 2026 (monthly installments); full obligation through June 2027
Renewal Date
2026-12-31
Renewal Info
Second 50% of shortfall ($247,232) to be included and paid in FY 2027; ongoing membership subject to IPBC policy; budget amendments may recur with future shortfalls or surpluses.
More from INTERGOVERNMENTAL PERSONNEL BENEFIT COOPERATIVE (IPBC)
Related Contracts
City of Peoria Joint City Council & Town Board Minutes May 12, 2026
APPROVEDMcHenry County Conservation District Board of Trustees Regular Monthly Meeting Minutes 2026-04-21
APPROVEDVillage of Carpentersville Regular Meeting Agenda April 21, 2026
APPROVEDMcHenry County Conservation District Board of Trustees Agenda April 2026
APPROVEDCentralia City Council Meeting Agenda April 2026
PENDINGMore from Glenview village
Glenview Village Agenda Board of Trustees Meeting 2026-06-02
Village of Glenview StaffReport Consideration of a Resolution authorizing a five-year extension of the current service agreement with Flock Group, Inc. 2026-06-02
Village of Glenview StaffReport Consideration of a Resolution waiving competitive bidding and approving the purchase of apparel for Village staff from Supply Haus LLC of Lake Villa, IL 2026-06-02
Glenview Village Agenda Board of Trustees Meeting 2026-06-02
Village of Glenview StaffReport Valley Lo Club Front 9 Renovation 2026-06-02
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.