LIABILITY INSURANCE FUND
Village of Lisle | Fiscal Year 2023/2024 Budget
The Liability Insurance Fund accounts for resources required to pay liability insurance premiums. Funding is provided by a restricted portion of the annual property tax levy. The revenue collected from the property tax levy is transferred to the Insurance Fund to pay a portion of the Village’s annual contribution to the Intergovernmental Risk Management Agency (IRMA) for liability insurance coverage.