On November 2, 2016 the Universal Service Administrative Company (USAC) released their Quarterly Report with projections for the first quarter of 2017. USAC estimates that they will have $200 million carryover for FY2017 which is unchanged from the August 3 Quarterly Report. The SLD also reported that they began working on the development of a new audit plan intended to “reduce the burden on lower risk entities.” Currently, there are 66 audits in progress and 73 audits in queue.
The full Quarterly Report can be viewed here.
