CARES (HEERF) Act Disclosure
As part of the CARES Act, the US Department of Education, (ED) recently authorized more than $7 billion in emergency funding to colleges and universities across the United States. Williams Baptist University signed and returned the required certification and agreement forms to ED to receive funds from the CARES Act.
HEERF I
WBU received a total of $264,361 to be issued directly to eligible students. WBU plans to award approximately $30,000 to current eligible students, based on an application process, during the first round of funding. The remaining allotment will be distributed in August.
WBU students were notified that they could apply for funds based on reimbursement for expenses related to the disruption of campus operations due to coronavirus. Eligible expenses included food, housing, course materials, technology health care, and child care.
WBU is currently in the process of reviewing student applications. The first round of disbursement checks will be distributed by July 31st.
Update July 29, 2020
As of July 18th, 2020, WBU had distributed $29,694 to 111 students. The total number of students that are eligible for CARES funds is an estimated 391 students.
On June 19th, an email was sent to all students making them aware of an application that was provided to all students for them to report emergency costs associated with the campus closure due to Covid-19. WBU awarded money based on these applications. WBU awarded a total of $29,694 through the application process.
Update August 10, 2020
On August 5th, 2020, WBU distributed $220,800 to 276 students. The money was distributed to returning students in increments of $800 each. The total amount of money distributed as of August 10th is $250,494. As of August 10th, 2020 WBU has $13,867 available to distribute.
Update October 20th, 2020
As of October 20th, 2020 WBU has $13,867 available to distribute.
Final Report – November 19th, 2020
WBU distributed the remaining balance of the student portion of the CARES funds to current students who had tested positive for Covid-19 as of Tuesday, November 10, 2020. The final amount distributed was $13,867 and it was divided equally amongst 80 students. Each student received $173.33.
CARES (HEERF) Act Disclosure
As part of the CARES Act, the US Department of Education, (ED) recently authorized more than $7 billion in emergency funding to colleges and universities across the United States. Williams Baptist University signed and returned the required certification and agreement forms to ED to receive funds from the CARES Act.
WBU received a total of $264,360 as a part of the Institutional Portion of the CARES Act Section (a)(1) and $25,701 as a part of the Minority Serving Institution Portion of the CARES Act Section (a)(2). The total amount of money received in Sections (a) (1) and (a) (2) was $290,061.
As of September 30th WBU had spent the entirety of these funds to provide reimbursement of housing expenses for residential students.
The required Quarterly Budget and Expenditure Report can be found at this link.
HEERF II
July 8, 2021
WBU received a total of $264,361 to be issued directly to eligible students. Based on guidance received WBU distributed this allotment of funds based on student need.Â
As of April 30, 2021 WBU had distributed the following aggregate amounts: Full-time Pell-eligible students received $162,700. Full-Time non-Pell eligible students received $84,800. Part-Time Pell Eligible students received $2800. Part-Time non-Pell eligible students received $750. These amounts totaled $251,050.Â
As of July 8, 2021WBU has $13,311 available to distribute in HEERF II student portion funds.Â
The required Quarterly Budget and Expenditure Report for the institutional portion of HEERF II funds can be found at this link.
HEERF III
October 8, 2021
The required Quarterly Budget and Expenditure Report for the institutional portion of HEERF III funds can be found at this link.
UPDATE – January 10, 2022
As of December 31, 2021, WBU had distributed the following aggregate amounts in student portion funds: Full-time Pell-eligible students received $233,700, Full-time non-Pell eligible students received $143,450, Part-time Pell-eligible students received $1,400, Part-time non-Pell eligible students received $300.
Other Covid related student reimbursements totaled $1,190.91.
The required Quarterly Budget and Expenditure Report for the institutional portion of HEERF III funds can be found at this link.
UPDATE – April 7, 2022
As of March 31, 2022, WBU had distributed an additional $1,824.07 in student portion funds to students for covid related reimbursement expenses.
The required Quarterly Budget and Expenditure Report for the institutional portion of HEERF III funds can be found at this link.
UPDATE – July 8, 2022
As of June 30, 2022, WBU distributed the following aggregate amounts in student portion funds:
Full-time Pell-eligible students received $228,548.35.
Full-time non-Pell eligible students received $143,000.
Part-time Pell-eligible students received $1,100.
Part-time non-Pell eligible students received $1,200.
There were no other Covid related student reimbursements.
The required Quarterly Budget and Expenditure Report for the institutional portion of the HEERF III funds can be found at this link.