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Beaufort County finance staff: awards come with 50% initial payment, remainder after progress report
Summary
Finance staff said council awards trigger an initial 50% disbursement; the remaining 50% is released after receipt and review of a midpoint progress report. Speakers said disbursements typically occur after council readings, often in November or later.
A finance staff member described the disbursement schedule for awarded grants: "Once the county council do the awards, we will automatically send out 50% of the awarded amount to the organization. And then at the halfway mark, once we receive your progress report, we will send you a final allocation, which is the remainder 50%."
Committee members confirmed the midpoint progress report is important because the county has withheld final payments in the past when progress reports did not demonstrate expected progress. The county representative noted that the first disbursements historically have come after council processes and readings and "it's not gonna be before that," with November mentioned as an example month when funds have been released.
Applicants were advised to plan activities and cash flow around a two-step payment schedule and to be prepared to submit timely progress reporting to receive the final allocation.
