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.