Federal grant · formula grant (a)
The Southeastern Regional Transit Authority (SRTA) Is Requesting a Total of $11000000 of Section 5307 Urbanized Area Formula Funds Apportioned to the Providence Ri-ma and New Bedford Uzas for the Purpose of Providing Operating Assistance.the Breakdown of Federal Funding Sources Will Be as Follows:providence 5307 FFY20: $2139816 (split Letter Dated 3/4/2020 Is Attached)providence 5307 FFY21: $2250900 (split Letter Dated 3/10/2021 Is Attached)new Bedford 5307 FFY19: $1979147 (split Letter Dated 05/30/2019 Is Attached)new Bedford 5307 FFY20: $4236281 (split Letter Dated 2/4/2020 Is Attached)new Bedford 5307 FFY21: $393856 (split Letter Dated 3/18/2021 Is Attached)purpose:the Purpose of This Grant Is to Support All Srta Operating Activities (net Fare Revenues) Incurred During Fiscal Year 2023 for Fixed Route and Demand Response/ada Paratransit Services Within the Srtas Service Area.activities to Be Performed:- Operating Assistanceexpected Outcomes:srta Will Continue to Provide a Safe Reliable and Efficient Transit System in Southeastern Massachusetts.intended Beneficiaries:srta and Its Riders Within Acushnet Dartmouth Fairhaven Fall River Freetown New Bedford Mattapoisett Somerset Swansea and Westport.subrecipient Activities:nonethe Srta Executed the FY22 Certifications and Assurances in Trams on 2/4/2022. the Activities in This Grant Are Included in the Ma Stip. the Srta Is Current With All Civil Rights Submissions and All Administrative and Statutory Requirements Have Been Met in Accordance With the Section 5307 Urbanized Area Formula Program as Articulated in Fta Circular 9030.1E.
Committed
$11.0 Million
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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.
The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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.
One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .
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