Federal grant · project grant (b)
Application Purpose: the Purpose of This Multisource Award Is to Cover 85% of the Cost of One Expansion Bus Purchased Using Stbg-da Fhwa Funds Flexed to 5307 Funds Six Replacement Buses Purchased Using FY21 5339(B) Funds and One Replacement Bus Purchased Using FY22 5339(C) Funds. Additionally 5307 From FFY21 and FFY22 Formula Funding Will Be Used to Supplement the Purchases.; Activities Performed: Activities to Be Performed Include the Purchase of One Expansion Bus and Seven Replacement Buses.; Expected Outcomes: Funding Will Allow Concord Kannapolis Area Transit to Maintain an Operational Fleet of Buses and Therefore Continue to Provide 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
$5.6 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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