Issued: 12/21/2015
On December 15, 2014, the Federal Communications Commission (FCC or Commission) Managing Director provided guidance (see DA 14-1820) to the Universal Service Administrative Company (USAC) concerning maintenance of cash reserves for meeting funding commitments for the Schools and Libraries Support Mechanism. Consistent with this guidance, USAC has determined that a projected $1.9 billion will be available to carry-forward to Schools and Libraries Support Mechanism funding year (FY) 2016. Utilizing the agreed upon methodology, $1,357 million is projected from the Funding Years 2013 and prior, $355 million is projected from FY 2014 and $188 million is projected from FY 2015 to be available for carry-forward to FY 2016.