Federal grant · formula grant (a)

City of Concord

Application Purpose: the Purpose of This Award Is to Cover 50% of the Cost of Operating Expenses From Local Fiscal Years 2022 2023 and 2024 and 50% of the Cost of Funding Safety-related Projects and Security Expenditures in Local Fiscal Years 2023 and 2024.; Activities Performed: Funds Will Be Used to Cover Eligible Operating Assistance and Safety-related Projects and Security Expenditures.; Expected Outcomes: Funding Will Allow Concord Kannapolis Area Transit to Continue to Provide and Enhance Public Transit Service and Amenities to Its Customers.; Intended Beneficiaries: Intended Beneficiaries Include the Populace of the Cities of Concord and Kannapolis as Well as Visitors to the Area and Commuters Into and Out of Charlotte.; Subrecipient Activities: None.

Committed

$1.4 Million

Paid to

City of Concord

UEI PKAGEXPV4EE8

35 Cabarrus Ave W, Concord, NC, 28025

Department of Transportation

Federal Transit Administration

Place

NC, UNITED STATES

Performance

Jul 25, 2024 → Dec 31, 2024

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 · formula grant (a)

Department of Transportation

Federal Transit Administration

Federal Transit Formula Grants to

City of Concord

Committed

$1.4 Million

Paid to

City of Concord

UEI PKAGEXPV4EE8

35 Cabarrus Ave W, Concord, NC, 28025

Department of Transportation

Federal Transit Administration

Place

NC, UNITED STATES

Performance

Jul 25, 2024 → Dec 31, 2024

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 ↗