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The Universal Service Administrative Company (USAC) reported to the Federal Communications Commission (FCC) that approximately $600 million is now available from FY 2002-2004 for future use. Based on the FCC's 3rd Report and Order carry over dollars will increase the overall funds available for disbursement. Last June the FCC rolled over $650 million from previous years to increase the overall funding pot for FY 2007 which is why USAC was able to fund priority two applications at 81% and above.  It is not clear when the FCC will make a similar determination for FY 2008.   Every quarter USAC is required to revise their estimates of the unused funds.

USAC reported the breakdown of unused funds by year as follows:

• FY 2002 - $150 million
• FY 2003 - $200 million
• FY 2004 - $250 million

USAC continues to try to reduce potentially fundable applications from previous years. As of March 31, 2008:

• USAC does not have any potentially fundable applications from FY 1998 to FY 2000
• USAC has 2 potentially fundable applications from FY 2001
• USAC has 2 potentially fundable applications from FY 2002
• USAC has 7 potentially fundable applications from FY 2003
• USAC has 75 potentially fundable applications from FY 2004
• USAC has 143 potentially fundable applications from FY 2005
• USAC has 326  potentially fundable applications from FY 2006
• USAC has 2,124 potentially fundable applications from FY 2007

The USAC Quarterly Report can be viewed here.