Frankfort Approves $1.3 Million in Bills, Including Annual Insurance Payment
The Frankfort Village Board authorized over $1.3 million in payments at its meeting Monday, with nearly half of the total amount covering the village’s annual insurance premiums.
Trustees unanimously approved the schedule of bills totaling $1,308,224.37. Trustee Adam Borrelli explained the composition of the substantial figure, highlighting the largest single expenditure.
“About half of that is our payment to SWARM, which is our basically our insurance payment for general liability, property, and workman’s comp,” Borrelli said. “And that total is $645,490, and again that payment is for the entire year.”
The remainder of the approved bills covered operational costs across several village funds. According to the meeting’s financial documents, disbursements included $784,236.59 from the General Corporate Fund, $236,909.37 from the Capital Development Fund, $238,533.06 for Sewer and Water Operations and Maintenance, and $48,545.35 from the Sewer and Water Extension Fund.
The approval of the bills was part of the board’s unanimous consent agenda, which includes routine items that are passed in a single vote without separate discussion.
Latest News Stories
Economic index shows reduced uncertainty, more stability in Midwest
New law sparks debate over Illinois school mergers, communities fear loss
Illinois in Focus: Rest area burglary arrests made; overdose awareness events planned
Nonprofit files complaints against Trump attorneys but almost no public discipline
Everyday Economics: Softer tape, PCE in focus, and the Fed’s next move
Marine’s mother takes on troop transport duties for family visits
Trump plans to clean up Democrat-run cities over local objections
Energy advocate applauds oil and gas commingling updates
Texas legislature passes redistricting map, governor to sign into law
Dow hits record high after Fed Chair hints at September rate cuts
WATCH: Newsom optimistic about redistricting despite poll
Newsom meets with Danes, talks about Trump but not 2028