Disbursement Policy
City of Northampton
Community Preservation Committee
210 Main Street, City Hall
Northampton, MA 01060
DISBURSEMENT POLICY
The following guidelines explain the general protocol for receiving grant funds. All
disbursement requests must be in writing and include necessary supporting documents.
It is possible to accommodate alternative funding schedules with prior approval of the
CPC. Please include proposed funding schedule requests with the project application.
PROJECT TYPEDISBURSEMENT SUPPORTING
SCHEDULEDOCUMENTATION
Acquisitions Full funding at time of Submittal of final report.
closing.
Housing Support Full funding at Submittal of final report.
commencement of project.
Reserve-type Funds Full transfer of funds upon Submittal of paid invoices and
completion of CPC contract. receipts along with annual
reports.
Projects less than Full transfer of funds upon Submittal of paid invoices and
$10,000 completion of CPC contract. receipts along with final report.
All Other Projects Partial funding in three Submittal of paid invoices and
installments. One-third at receipts along with mid-project
commencement of project, report and final report.
one-third upon delivery of
mid-project report, and final
third upon completion of
work.