[{"_1":2,"_88":-5,"_89":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6141450,"mediaKeyId","5572767-443964d07e84c01509a77c9c6f024a96","parentId",5572767,"title","Finance committee advances $38.5 million insurance broker and auditor-payment items to full board","audioSeconds",98,"startMs",574000,"endMs",672000,"viewUrl","/Search/View?dp=1&key=5572767-443964d07e84c01509a77c9c6f024a96&start=574&end=672","thumbnailUrl","https://assets.pipeline.soar.com/5572767-443964d07e84c01509a77c9c6f024a96/thumbnail_574000.jpg","articleUrl","/articles/6141450/Illinois/Finance-committee-advances-385-million-insurance-broker-and-auditor-payment-items-to-full-board","mediaUrl","https://secure.pipeline.soar.com/6141450-33b40ea4bb5eebc14d1299565016a6d2/orig.mp4?Expires=1775224243&Signature=UbpBw5nJ1WsEsaIBre~kEkRTP-Z83BLyvWt3m0aWYyQ-XvZ5fhfsPRh7YMLRq5zOKp5BqgmRsb~75H7ntuq7WTGkor7QsyXN8GtHMdiEPob3VdTGyIN5rSUWE7x1hZ0hzY7kz10AY5yHDODQtdRemZD~74PrxLfoZ7m~CLVaYCyWbuqXzVjGKxsil7AfHMW1stZuBk3VQfh6FN5zDllozSHPAPg~NTpj-7KyHcxtNwojEMZ4jyCV9PlBcUl5LmCrGo6crqucNw5RZcXexB94mqmnAruLNCpwwbgJnTGcvvjcxaXgEpA-TL9Wcxmm8dO~HH00tDkm3uMZd7v6P0fw5A__&Key-Pair-Id=KUT5TJCACFTXG","author","Toll Highway Authority, Illinois State","date","2025-07-28T00:00:00Z","article","The Illinois Tollway Finance Committee voted to place two finance items on the full board's July agenda: authorization of a $689,750 payment to the Illinois Auditor General Audit Expense Fund for the 2024 financial and compliance audit, and a recommended award to Aon Risk Services Central for insurance advisory and broker services with pass-through premiums over a five-year initial period, not to exceed $38.5 million.

Chief Financial Officer Kathy Williams told the committee the first item represents the auditor-payment amount \"consistent with previous years.\" The committee moved and seconded both placement motions and approved each by voice vote; no roll-call or individual tallies were recorded in the committee minutes.

On the Aon contract, Williams said the scope of services includes property, casualty, automotive physical damage, general and professional liability, equipment breakdown, cyber liability, employee benefits and the Tollway's ROCIP (rolling owner-controlled insurance program) and other programs as needed. The recommendation asked for $3.5 million for advisory and broker services plus $35 million for pass-through insurance premiums over the initial five-year term, which the presenter summarized as a combined not-to-exceed amount of $38.5 million.

Williams said Aon Risk Services Central committed to meeting the agency's BTP goal (business/training procurement goal mentioned in the presentation) and that the award is recommended with that commitment. The committee discussed how the ROCIP functions: it is an owners' controlled insurance program intended to help smaller firms obtain insurance and to allow projects to roll into and out of the program; premiums and project inclusion depend on timing, project size and claims history.

Committee members asked no substantive follow-on questions that changed the recommendation. The committee chair called for the motions to place each item on the board agenda; each motion was \"moved and seconded\" and approved by voice vote. The committee's recommendation will be included when the full board considers the items at its July meeting.","mediaType","Video","parentTitle","Illinois Tollway Finance & Audit Committee Meeting\tJul 28, 2025","oneSentenceSummary","The Tollway Finance Committee voted to place two items on the July board agenda: a $689,750 payment to the Illinois Auditor General Audit Expense Fund and a recommended five-year insurance advisory/broker and pass-through premium contract with Aon Risk Services Central not to exceed $38.5 million.","taxTitle","Toll Highway Authority, Illinois State, T, Boards and Commissions, Executive, Illinois","taxId",38145,"location","Illinois","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6141453,"Illinois Tollway posts $498.3 million operating surplus in 2024, controller says",44,104000,148000,"/Search/View?dp=1&key=5572767-443964d07e84c01509a77c9c6f024a96&start=104&end=148","https://assets.pipeline.soar.com/5572767-443964d07e84c01509a77c9c6f024a96/thumbnail_104000.jpg","/articles/6141453/Illinois/Illinois-Tollway-posts-4983-million-operating-surplus-in-2024-controller-says","https://secure.pipeline.soar.com/6141453-4d845d29d3d06d08473f6e82884602cf/orig.mp4?Expires=1775224243&Signature=QZ~89Vi~lmYTBT7DT-EfERJs6B7rd6KTg~DLAvYnT3vJhEllqvAfkHwYanDnQhPG1RdyVWqSbAb0BtmdhcUrjYpk8sIWzALjsjXkE7M3GQYinv7LECvrLcm2hj1NjOXuhfo4~LFmsn-kKA9-lbIoWranbRlj4-aYCBjxPKqSe76gzcrJ7rFauJLz5UEVjavRiYMY8XHt2kmIPT0I6TYcf8pYoS2DJVykcBTPOPk0jwMOKZa7ukWLyLm4UAF1QhvCjtg7STLla~sNoOwRrKfxBVzve6bP61o8cOjfVhd8Pcu-SGvT7UGEvYOuhCraCXsVvn5kOZTrJRNd1w3cdinyHg__&Key-Pair-Id=KUT5TJCACFTXG","The Illinois State Toll Highway Authority reported an operating surplus of $498.3 million for 2024 and a net position of about $4.7 billion, Controller Patty Ward told the Tollway Finance Committee on a routine agenda item.

Ward summarized the Tollway’s two annual financial reports — the GAAP financial statements prepared under generally accepted accounting principles and the agency-produced Annual Comprehensive Financial Report (ACFAR) — and said the Tollway submitted the ACFAR to the Government Finance Officers Association for consideration for its certificate of achievement.

The numbers show modest revenue growth and continued investment in capital projects. Total revenue rose 4.4% year over year to roughly $1.60 billion; toll revenue was about $1.43 billion in 2024 compared with $1.38 billion in 2023. Evasion-recovery revenue from invoiced missed tolls totaled about $144.2 million in 2024, up roughly $15 million from the prior year. Operating expenses were about $423.7 million, an increase of roughly 1.4%, primarily driven by salary and wage adjustments under union agreements.

Ward also summarized the Tollway’s long-term financial position: total assets of about $14.9 billion, of which roughly $12.3 billion are capital assets; total liabilities of about $10.2 billion; and accumulated net position of about $4.7 billion.

The controller noted recent debt-management activity. Since 2013 the Tollway has executed about $2.5 billion in refundings that achieved an estimated present-value savings of about $355 million; a 2024 refunding of about $874 million produced roughly $152 million in present-value debt-service savings, Ward said.

Committee members asked for context on the increase in evasion-recovery revenue. Chair Perinar asked whether changes in collection practices drove the increase. Ward replied that the Tollway did not change the method used between 2023 and 2024, and that the year-over-year difference reflected timing of invoicing and payments and refinements to the allowance for uncollectible accounts as the agency built more collection history. \"I can answer any questions if you have any,\" Ward said after her presentation.

Ward told the committee there were no financial audit findings for 2023 or 2024, a first in a long time, and that the Tollway has received the Government Finance Officers Association certificate for 28 consecutive years.

The report closed with the controller inviting questions; the committee had none that led to further formal action during the session.

Less-critical details included the accounting differences used for internal quarterly reporting under the Tollway’s trust indenture versus GAAP reporting (for example, treatment of capital assets, long-term fiber-optic revenue recognition and bond principal repayment).","The Illinois Tollway’s controller summarized the agency’s 2024 annual comprehensive financial report to the Finance Committee, reporting higher revenue, increased capital investment and no audit findings for 2023–24; committee discussion focused on evasion recovery and past bond refundings.","actionData","errors"]

Article not found

Finance committee advances $38.5 million insurance broker and auditor-payment items to full board

Illinois Tollway posts $498.3 million operating surplus in 2024, controller says