Illinois Finance Authority Resolution 26-04 Cost Match Commitment
City of Newton commits $148K grid project cost match
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Description
The City of Newton commits $148,742 in cash contractual cost match over two fiscal years to support materials and labor for its Electric Grid Monitoring & Resilience Project under a U.S. DOE IIJA Section 40101 award. This contribution represents 48% of the requested federal subaward funding documented in Illinois Finance Authority Resolution 26-04.
Contract Details
Contract Amount
$148,742 (cost match over FY1–FY2; $74,371.00 in FY1 and $74,371.00 in FY2)
Vendor
CITY OF NEWTON
Agency
City of Newton, IL
Contract Type
OTHER
Document Date
March 3, 2026
Contract Term
FY1–FY2 of the City of Newton Electric Grid Monitoring & Resilience Project
Renewal Info
Cost match commitment is tied to the project’s FY1–FY2 period and does not specify renewal or extension options beyond the stated fiscal years.
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