On January 31, 2018, the Universal Service Administrative Company (USAC) released their Quarterly Report with projections the for second quarter of 2018. The second quarter schools and libraries budget is $28.29 million which is over half of the overall USAC budget for the quarter, which is $55.20 million. This figure also includes High Cost, Low Income and Rural Health Care.
Each year USAC conducts Payment Quality Assurance (PQA) audits from program beneficiaries to determine the accuracy of program disbursements. The current report shows the schools and libraries improper payment rate for 2016 as 4.34%. The improper payment rate has gone down each year since 2014. In 2014 the improper payment rate was reported as 6.31% and in 2015 5.70%.
USAC further reported that there are several Form 471 applications that are still potentially fundable. Here are the numbers of potentially fundable applications, post E-rate Modernization Order:
- 48 FY2015 potentially fundable applications, down 4 from last quarter’s report;
- 453 FY2016 potentially fundable applications, down 80 from last quarter’s report;
- 1,148 FY2017 potentially fundable applications, down 5,804 from last quarter’s report
The Second Quarter 2018 Quarterly Report can be viewed here.
