As Funding Year 2023 for the E-rate program draws to a close, applicants should focus on finalizing any remaining tasks related to their Funding Request Numbers (FRNs). Here are the key steps to ensure a smooth wrap-up and maximize your funding utilization.
- Check Your Funding Utilization
As of now, there are over 4,700 FRNs with less than 90% utilization. Taking stock of your utilization rate can reveal any missed funding opportunities and ensure you’re fully benefiting from E-rate.
- Identify Your Invoicing Method
Review your invoicing method (BEAR or SPI). If it’s not set up, now is the time to confirm your invoicing approach with the Universal Service Administrative Company (USAC) and start the process.
Invoicing Method Summary:
- BEAR: Over 1,200 FRNs are set to BEAR, totaling $36.7 million in remaining funds.
- SPI: Over 2,000 FRNs are set to SPI, with $34.8 million remaining.
- Not Set: Over 1,575 FRNs lack a set invoicing method, leaving $36.1 million in unused funds.
- Action Steps for BEAR Invoicing
If you’re using the Billed Entity Applicant Reimbursement (BEAR) method, submit any remaining invoices to USAC that have not yet been processed. This ensures that you’re reimbursed for eligible expenses before the FRN’s last date to invoice.
- Action Steps for SPI Invoicing
For those using Service Provider Invoicing (SPI), check to ensure your service provider has issued all E-rate discounts for which you’re eligible. If any discounts are missing, reach out to your provider to avoid leaving funds on the table.
The Bottom Line
Following these steps will ensure you maximize your remaining Funding Year 2023 E-rate benefits and avoid lapses in invoicing. Ensuring each FRN is properly accounted for and that you have the correct invoicing method in place with USAC is essential for a smooth transition to the upcoming funding year.
