Federal grant · formula grant (a)

Lees-Mcrae College, Incorporated

Funds Will Be Used to Cover Institutional Costs Associated With Significant Changes to the Delivery of Instruction Due to the Coronavirus Including Reimbursement to the College.

Committed

$217,388

Paid to

UEI JVHFTCMDCUU3

191 Main ST, Banner Elk, NC, 28604

Department of Education

Place

BANNER ELK, NC, UNITED STATES

NC-11

Performance

May 29, 2020 → Aug 3, 2022

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 Education

Education Stabilization Fund to

Lees-Mcrae College, Incorporated

Funds Will Be Used to Cover Institutional Costs Associated With Significant Changes to the Delivery of Instruction Due to the Coronavirus Including Reimbursement to the College.

Committed

$217,388

Paid to

Lees-Mcrae College, Incorporated

UEI JVHFTCMDCUU3

191 Main ST, Banner Elk, NC, 28604

Department of Education

Place

BANNER ELK, NC, UNITED STATES

NC-11

Performance

May 29, 2020 → Aug 3, 2022

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 ↗