County adds contingency authorization to agenda to cover IPMG/Tort Immunity Fund wiring needs

The Will County Board Executive Committee on Sept. 11 approved a motion to amend the county board agenda to add a finance committee item authorizing the use of contingency funds to cover upcoming wiring needs for IPMG, the county's Tort Immunity Fund intermediary.

Finance staff explained the request is intended to avoid delays that would otherwise force the county to miss two payments if approval were postponed until the regular October finance meeting. Marcy (staff) and Rishon Howard (finance) explained the transfer covers continuing Tort Immunity Fund obligations and that the finance committee will present a resolution at a special finance meeting to authorize the wire.

Committee discussion clarified the measure is not an insurance premium payment but is intended to maintain cash flow for the Tort Immunity Fund's settlement and claims-related outflows. A committee member said the proposed contingency draw would be in the $300,000$350,000 range; another attendee said that would leave approximately $400,000 in the contingency fund after the transfer. Finance staff and the county's chief of staff said the levy request in the county budget will also request additional funds for the Tort Immunity Fund in the regular budget process.

The committee approved the agenda amendment and later voted to approve the county board agenda as amended. The special finance committee will consider the specific resolution authorizing the wire transfer at a subsequent meeting.