An analysis by Funds For Learning shows that USAC authorized $344,389,205 for reimbursement during the first quarter of calendar year 2008. This includes disbursements made for all funding years as well as negative adjustments to reclaim money into the Universal Service Fund.
The first quarter of each year typically experiences the least amount of E-rate disbursements while the fourth quarter sees the most in disbursements. By comparison, USAC disbursed over $526 million during the fourth quarter of 2007.
Source: E-rate Manager EDGE, April 25, 2008.