Federal grant · project grant (b)

City of Olean

Purpose: Rehabilitate Runway. This Grant Includes Funding by the American Rescue Plan Act of 2021 to Increase the Federal Share to 100 Percent for the Airport Improvement Program (aip). Activities to Be Performed/expected Outcomes: This Project Rehabilitates 4,800 Feet of Runway 4/22 to Maintain the Structural Integrity of the Pavement. This Grant Funds the Final Phase, Which Consists of Construction. Intended Beneficiary: This Grant Will Provide Federal Funding for Airports Associated With Olean, New York.

Committed

$2.0 Million

Paid to

City of Olean

UEI KAB9EBKUUZP8

City of Olean, Olean, NY, 14760

Department of Transportation

Federal Aviation Administration

Place

HINSDALE, NY, UNITED STATES

NY-23

Performance

Aug 25, 2021 → Aug 24, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Transportation

Federal Aviation Administration

Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and COVID-19 Airports Programs to

City of Olean

Committed

$2.0 Million

Paid to

City of Olean

UEI KAB9EBKUUZP8

City of Olean, Olean, NY, 14760

Department of Transportation

Federal Aviation Administration

Place

HINSDALE, NY, UNITED STATES

NY-23

Performance

Aug 25, 2021 → Aug 24, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗