USAC Schools & Libraries Committee Meeting Notes

On April 28, 2014, the USAC Schools & Libraries Committee held their Quarterly Board Meeting. The Committee discussed the following issues:

1. The Board approved the 3^rd Quarter 2014 Schools and Libraries Support Mechanism Demand Projection for the May 2, 2014 FCC Filing.  There is approximately $600 million that the SLD has identified for possible rollover for future years.  It is unclear whether the FCC will roll the unused dollars into FY 2014,or possibly use the $600 million for their E-rate 2.0 rulemaking in some capacity;
2. The Board approved the 3^rd Quarter 2014 Budget for $12.3 million with a $1.1 Million Capital budget for IT improvements. The revised 2014 Annual Schools and Libraries Support Mechanism Programmatic Budgets for the year is now $50.2 million which is approximately a $3 million reduction from the January Board meeting.  The reduction is due to the fact the Board has not yet finalized the vendor selection process for the BCAP audits;
3. The Board approved two service provider USAC Internal Audit Division (IAD) Beneficiary Audit Reports.  Both service providers audited were found in compliance and part of the audit included them being in compliance with the Lowest Corresponding Price (LCP) FCC regulation;
4. The Board approved the recommendation from the SLD to make Priority One Services commitments for FY 2014.  The FCC will need to approve this recommendation before funding letters can be issued and it is expected the first wave will have approximately $400 million worth of commitments.

Note: The information above is not the official minutes from the meeting, but simply notes from Funds For Learning. The official minutes for this meeting, as well as minutes from previous meetings, can be found here.